News Feed Item

Imperial's Underground Drilling at Mount Polley Boundary Zone Intersects 4.73% Cu and 2.61 g/t Gold Over 12.8 Metres

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/07/13 -- Imperial Metals Corporation (TSX:III) reports results from 2012 Mount Polley mine site exploration at the Boundary zone which continues to demonstrate the discovery potential at this established mining property.

Underground drilling(1)(2) in the Boundary zone workings was initiated in early November to explore and further define mineralization at Zuke zone, which is near but not included in the Boundary zone mineralization currently being prepared for underground test mining. All the drilling from two of the three drill stations at 812 level intersected breccia hosted copper/gold mineralization, confirming continuity and extending the known limits of the Zuke zone. The Zuke zone is currently modelled as two steeply dipping breccia lenses, approximately 8 metres wide, 30 metres high and 75 metres long. The two lenses are separated by a 5 metre wide unmineralized core and are also cut by a post mineral dyke. The post mineral dyke has a strike of 55 degrees and dips 48 degrees to the southeast. Breccias at Mount Polley are normally irregular bodies with no specific orientation, but the Zuke zone breccias have a planar geometry so true thicknesses have been estimated for drill holes that cross the zone.(3)

Drill hole NDU12-196 returned 12.8 metres (estimated true width 8.0 metres) grading 4.73% copper, 2.61 g/t gold and 30.05 g/t silver starting at 22.1 metres, and drill hole NDU12-197 intersected a higher grade interval of 9.66% copper, 6.42 g/t gold and 52.81 g/t silver over 2.8 metres.

Other holes from the first drill station include NDU12-198 which returned 10.0 metres (estimated true width 5.1 metres) grading 3.18% copper, 2.92 g/t gold and 28.29 g/t silver and NDU12-199 which had two distinct intervals, 7.3 metres (estimated true width 6.0 metres) grading 2.47% copper, 1.45 g/t gold and 17.34 g/t silver at 29.4 metres and 7.2 metres (estimated true width 5.8 metres) of 3.10% copper, 0.68 g/t gold and 17.04 g/t silver at 54.4 metres. These holes were expected to define the western end of Zuke breccia, but since all of them intersected mineralization, additional drilling will be required to complete that task.

Drill holes NDU12-203 through NDU12-210 were collared from the second drill station, located at the end of 812 level, and were intended to drill down the length of the Zuke breccia in an attempt to define the eastern limit. Drilling revealed the Zuke zone breccia extends higher and further east than previously modelled. Copper/gold mineralization was intercepted only a few centimetres from the wall of the drift, and therefore the 812 drift is being extended to the east for an additional 60 to 70 metres. Based on drill results it is expected the drift extension will drive through a mineralized section of one of the lenses making up the Zuke zone and will also provide access to the eastern end of the Zuke zone for further drilling.

Selected significant Boundary zone intercepts:(3)

                     Inter-  Inter-  Inter-                               
             Total     val     val     val (i)True                        
Drill       Length    from      to  Length   Width  Copper    Gold  Silver
Hole #          (m)     (m)     (m)     (m)     (m)      %     g/t     g/t
NDU12-196     87.5    22.1    34.9    12.8     8.0    4.73    2.61   30.05
NDU12-197     84.4    23.7    26.5     2.8     2.8    9.66    6.42   52.81
NDU12-198     79.9    38.7    48.7    10.0     5.1    3.18    2.92   28.29
NDU12-199     99.7    29.4    36.7     7.3     6.0    2.47    1.45   17.34
and                   54.4    61.6     7.2     5.8    3.10    0.68   17.04
NDU12-203     74.7     0.0    19.5    19.5     n/a    2.12    1.20   19.79
incl.                  0.0    10.0    10.0     n/a    3.31    1.77   29.62
NDU12-204     84.4     2.1    13.8    11.7    10.5    3.37    1.23   23.12
NDU12-207     61.6     0.0    15.1    15.1     n/a    2.92    0.79   15.44
incl.                  0.0     7.5     7.5     n/a    4.45    0.84   20.40
NDU12-208     78.3     0.0    35.0    35.0     n/a    1.72    2.22   21.08
incl.                  0.0    10.0    10.0     n/a    3.95    6.53   39.55
NDU12-210    131.7    82.5    99.9    17.4     n/a    2.64    1.66   24.05
(i) true width not calculated for those holes drilled "along strike"      

Drill holes NDU12-212 through NDU12-214 were drilled from a third drill station for condemnation purposes related to a ventilation raise. Each of these drill holes intercepted mineralization but also confirmed the vent raise can be located in an area that will not be compromised by future stoping.

During 2012 approximately 986 metres of ramping and drifting were completed in the Boundary zone including the decline which was extended down to the 782 metre level. This work is being conducted to allow for test mining of a selected block of the high grade Boundary zone breccia mineralization approximately 60 metres long and 18 metres wide, extending from the 752 to the 842 metre levels.

Surface drilling has also continued at the south end of the active Springer pit and results from this drill program will be released when assaying is completed. The high success rate from the 2012 drilling at Mount Polley has provided excellent opportunities for follow-up exploration in 2013. Underground drilling will resume at Boundary zone in early 2013, contingent on availability of drilling areas, as the mining crews will have priority. Surface drilling is expected to resume in the spring of 2013.

Steve Robertson, P.Geo., the designated Qualified Person as defined by National Instrument 43-101 for the exploration programs, has reviewed this news release. Mount Polley samples for the diamond drilling reported were analyzed at the Mount Polley mine laboratory and some samples have been sent to Acme Analytical Laboratories in Vancouver for further analysis. A full QA/QC program using blanks, standards and duplicates was maintained for all diamond drilling samples submitted to the labs. The porphyry and breccia related mineralized areas at Mount Polley are usually irregular in shape. True thicknesses estimates have been provided in this release for Zuke zone breccias which appear to be somewhat unique to Mount Polley, having a planar dimension based on the drilling intercepts in that zone to date.

Imperial is an exploration, mine development and operating company based in Vancouver, British Columbia. The Company operates the Mount Polley open pit copper/gold mine and has 50% interest in the Huckleberry open pit copper/molybdenum mine. Imperial is developing its wholly owned Red Chris copper/gold property and the Ruddock Creek lead/zinc property (65% joint venture), and is operator of its wholly owned Sterling gold heap leach property. All the Company's properties are located in British Columbia with the exception of Sterling which is in Nevada, USA.

Documents available on www.imperialmetals.com:

(1) Boundary underground drill plan; (2) Boundary underground 3D View; (3) 2012 Mount Polley drill data

Cautionary note regarding "Forward-Looking Information":

This news release contains "forward-looking statements" within the meaning of Canadian and United States securities laws. Except for statements of fact relating to the Company, certain information contained herein constitutes forward-looking statements.

When we discuss current and future exploration programs, exploration results, and expectations or assumptions based on those results, we are making statements considered to be forward-looking information or forward-looking statements under canadian and united states securities laws. We refer to them in this news release as forward-looking information. the forward-looking information in this news release typically includes words and phrases about the future, such as: plan, expect, forecast, intend, anticipate, estimate, budget, scheduled, believe, may, could, would, might and will.

We can give no assurance that the forward-looking information will prove to be accurate. It is based on a number of assumptions management believes to be reasonable, including but not limited to: the continued operation of the company's mining operations, that the mining operations will operate and the mining projects will be completed in accordance with their estimates and achieve stated production outcomes, and such other assumptions and factors as set out herein. It is also subject to risks associated with our business, including but not limited to: risks inherent in the mining and metals business; commodity price fluctuations and hedging; competition for mining properties; sale of products and future market access; mineral reserves and recovery estimates; currency fluctuations; interest rate risk; financing risks; environmental risks; foreign activities; legal proceedings; and other risks that are set out in our annual information form and management's discussion & analysis. If our assumptions prove to be incorrect or risks materialize, our actual results and events may vary materially from what we currently expect as set out in this news release.

We recommend you review our annual information form and annual management's discussion and analysis, which include a discussion of material risks that could cause actual results to differ materially from our current expectations. Forward-looking information is designed to help you understand management's current views of our near and longer time prospects, and it may not be appropriate for other purposes. We will not necessarily update this information unless we are required to by securities laws.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
So you think you are a DevOps warrior, huh? Put your money (not really, it’s free) where your metrics are and prove it by taking The Ultimate DevOps Geek Quiz Challenge, sponsored by DevOps Summit. Battle through the set of tough questions created by industry thought leaders to earn your bragging rights and win some cool prizes.
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
SYS-CON Events announced today that SoftNet Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and ...
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 7-9, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and ...
“Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. CloudBerry Backup is a leading cross-platform cloud backup and disaster recovery solution integrated with major public cloud services, such as Amazon Web Services, Microsoft Azure and Google Cloud Platform.
In the next forty months – just over three years – businesses will undergo extraordinary changes. The exponential growth of digitization and machine learning will see a step function change in how businesses create value, satisfy customers, and outperform their competition. In the next forty months companies will take the actions that will see them get to the next level of the game called Capitalism. Or they won’t – game over. The winners of today and tomorrow think differently, follow different...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining sensor...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the...
Effectively SMBs and government programs must address compounded regulatory compliance requirements. The most recent are Controlled Unclassified Information and the EU’s GDPR have Board Level implications. Managing sensitive data protection will likely result in acquisition criteria, demonstration requests and new requirements. Developers, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by incorporating changes.
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, will draw together recent research and lessons learned from emerging and established ...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Penta Security is a leading vendor for data security solutions, including its encryption solution, D’Amo. By using FPE technology, D’Amo allows for the implementation of encryption technology to sensitive data fields without modification to schema in the database environment. With businesses having their data become increasingly more complicated in their mission-critical applications (such as ERP, CRM, HRM), continued ...