Announcement Date: 2023-08-14
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Imperial Metals Corp.
Project name: Mount Polley Mine
Location: Canada
Commodities: Gold,Copper
Highlight: Drilling results incl. 251m at 0.36% Cu, 0.37g/t Au from 21.5m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver | August 14, 2023 | Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports diamond drill results from the final five holes of the second phase of the Mount Polley 2023 exploration program, including a notable interval of 230.1 metres grading 0.31% copper and 0.50 g/t gold starting from a depth of 7.4 metres in hole SD-23-172. The second phase of drilling was completed in June to follow up on the significant results obtained in the first phase of drilling. Both phases were conducted in an underexplored area between the Springer and Cariboo mineralized zones. Results from the first five of the ten holes drilled in the second phase were previously released on July 18th , 2023, and the final five holes are described in this news release. The 2023 exploration program results have increased the dimensions of the Springer zone mineralization. This mineralization has good potential to be converted from resource to reserve due to its proximity to existing mining and planned pits. Brian Kynoch, President of Imperial, said, “There continues to be opportunity to expand the Springer mineralization, especially at depth, and a follow-up program will be designed to further test the Springer zone. The results of this year’s drilling will be integrated into the block model and the life of mine plan for Mount Polley will be updated.”
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