Imperial Metals , elephant at Red Chris

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#1 Mon, Oct 31, 2011 - 8:13pm
Joined: Jun 18, 2011

Imperial Metals , elephant at Red Chris

Imperial Metals , III on the TSX, already a producer with two mines . Mount Polley in central BC and also the Hucklerberry Mine in NW b.c.

Good solid management, lots of cash in the kitty. ONLY 36.9 million shares out.

Here is a short version:

Imperial Metals Corp. has released results from the 2010-2011 exploration drilling at its Red Chris property. Results from 45 diamond drill holes (1), representing 49,760 metres, have completed the first pass of drilling beneath the proposed open pit to a minimum of a 1,000-metre depth. The 2010-2011 drilling continued to define and extend the mineralization at depth beneath the proposed 400-metre-deep open pit. Results include intervals of high-grade such as the 216.9-metre section in drill hole RC10-423 grading 1.15 per cent copper and 2.44 grams per tonne gold and long intercepts of continuous mineralization such as drill hole RC11-431 with 1,077.5 metres grading 0.44 per cent copper and 0.29 gram per tonne gold. Results indicate the mineralization is still open to the east and west and holds potential for expansion to the north and south in parts of the porphyry system.

Edited by: mouser on Nov 8, 2014 - 5:20am

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