Welcome!

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.

Contacts:
Imperial Metals Corporation
Brian Kynoch
President
604.669.8959

Imperial Metals Corporation
Gordon Keevil
Vice President Corporate Development
604.488.2677

Imperial Metals Corporation
Sabine Goetz
Investor Relations
604.488.2657
[email protected]
www.imperialmetals.com

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
SYS-CON Events announced today that CAST Software will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CAST was founded more than 25 years ago to make the invisible visible. Built around the idea that even the best analytics on the market still leave blind spots for technical teams looking to deliver better software and prevent outages, CAST provides the software intelligence that matter ...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
SYS-CON Events announced today that Daiya Industry will exhibit at the Japanese Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ruby Development Inc. builds new services in short period of time and provides a continuous support of those services based on Ruby on Rails. For more information, please visit https://github.com/RubyDevInc.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
As businesses evolve, they need technology that is simple to help them succeed today and flexible enough to help them build for tomorrow. Chrome is fit for the workplace of the future — providing a secure, consistent user experience across a range of devices that can be used anywhere. In her session at 21st Cloud Expo, Vidya Nagarajan, a Senior Product Manager at Google, will take a look at various options as to how ChromeOS can be leveraged to interact with people on the devices, and formats th...
First generation hyperconverged solutions have taken the data center by storm, rapidly proliferating in pockets everywhere to provide further consolidation of floor space and workloads. These first generation solutions are not without challenges, however. In his session at 21st Cloud Expo, Wes Talbert, a Principal Architect and results-driven enterprise sales leader at NetApp, will discuss how the HCI solution of tomorrow will integrate with the public cloud to deliver a quality hybrid cloud e...
SYS-CON Events announced today that Yuasa System will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Yuasa System is introducing a multi-purpose endurance testing system for flexible displays, OLED devices, flexible substrates, flat cables, and films in smartphones, wearables, automobiles, and healthcare.
Is advanced scheduling in Kubernetes achievable? Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, will answer these questions and demonstrate techniques for implementing advanced scheduling. For example, using spot instances ...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
The session is centered around the tracing of systems on cloud using technologies like ebpf. The goal is to talk about what this technology is all about and what purpose it serves. In his session at 21st Cloud Expo, Shashank Jain, Development Architect at SAP, will touch upon concepts of observability in the cloud and also some of the challenges we have. Generally most cloud-based monitoring tools capture details at a very granular level. To troubleshoot problems this might not be good enough.
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
SYS-CON Events announced today that Taica will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Taica manufacturers Alpha-GEL brand silicone components and materials, which maintain outstanding performance over a wide temperature range -40C to +200C. For more information, visit http://www.taica.co.jp/english/.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
We all know that end users experience the Internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices – not doing so will be a path to eventual b...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities – ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups. As a result, many firms employ new business models that place enormous impor...