Drilling at Red Chris East Ridge Intersects 170 Metres Grading 1.1g/t Gold and 1.1% Copper

2021-06-10 / @nasdaq

VANCOUVER, British Columbia, June 09, 2021 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) reports expanded high grade mineralization in the newly discovered East Ridge zone.

Results from East Ridge drill hole RC688, located 100 metres east of hole RC684, returned 344 metres of 0.70 g/t gold and 0.75% copper from a depth of 776 metres including 170 metres of 1.1 g/t gold and 1.1% copper.

Brian Kynoch, President of Imperial Metals, said, “This exciting new discovery at the East Ridge is located outside the envelope of the current mineral resource and has the potential to increase the already large mineral resource at Red Chris.”

In the Main Zone, hole RC683 returned 300 metres grading 0.41g/t gold and 0.51% copper from a depth of 260 metres, including 114 metres of 0.67g/t gold and 0.85% copper from a depth of 390 metres, and 22 metres of 1.1 g/t gold and 1.4% copper from a depth of 464 metres. Drilling in the Main Zone continues to confirm the potential to define further zones of higher-grade mineralization.

Red Chris - Significant results:

Hole ID	From (m)	To (m)	Width (m)	Gold (g/t)	Copper (%)
RC683	260	560	300	0.41	0.51
including	390	504	114	0.67	0.85
including	464	486	22	1.1	1.4
RC684	814^	1066^	252^	0.46	0.53
including	962^	1060^	98^	0.85	0.86
including	970^^	986^^	16^^	1.2	1.2
RC688	776	1120	344	0.70	0.75
including	892	1062	170	1.1	1.1
including	894	972	78	1.1	1.3

^ updated intercept or ^^ previously reported.

During the 2nd Quarter, there were up to eight diamond drill rigs in operation and an additional 15,342 metres of drilling was completed in 11 drill holes, with all drill holes intersecting mineralization (except for two dedicated geotechnical holes). Since Newcrest acquired its interest in the joint venture 111 drill holes, for a total of 136,631 metres of drilling, have been completed. The planned exploration program includes approximately 50,000 metres of drilling this year.

Jim Miller-Tait, P.Geo., Imperial Metals Vice President Exploration, is the designated Qualified Person as defined by National Instrument 43-101 for the Red Chris exploration program and has reviewed this news release. Red Chris samples for the 2020 drilling reported were analysed at Bureau Veritas Mineral Laboratories in Vancouver. A full QA/QC program using blanks, standards and duplicates was completed for all diamond drilling samples submitted to the labs. Significant assay intervals reported represent apparent widths. Insufficient geological information is available to confirm the geological model and true width of significant assay intervals.

Cross section and plan view maps are available on imperialmetals.com.

About Imperial

Imperial is a Vancouver based exploration, mine development and operating company. The Company, through its subsidiaries, owns a 30% interest in the Red Chris mine, and a 100% interest in both the Mount Polley and Huckleberry copper mines in British Columbia.

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Certain information contained in this news release are not statements of historical fact and are “forward-looking” statements. Forward-looking statements relate to future events or future performance and reflect Company management’s expectations or beliefs regarding future events and include, but are not limited to, statements regarding the Company’s expectations with respect to the current and planned drilling programs at Red Chris, including plans to define the extent and continuity of the mineralization in the East Ridge Zone and statements regarding the potential to increase the mineral resources at the Red Chris mine site.

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