|June 20, 2002|
Drilling to Commence at Sterling
|Vancouver (June 20, 2002) - Imperial Metals Corporation (III:TSX) is pleased to announce the commencement of follow-up exploratory drilling at the company's 100% owned Sterling gold mine property in southwestern Nevada.|
The program will test the extent and continuity of the recently discovered high-grade gold mineralization in the 144 Zone using a combined rotary and diamond drilling technique.
The 144 Zone is proximal to a high-angle structure and is characterized by advanced silicification and brecciation in a silty carbonate host, reminiscent of the large high grade Carlin trend orebodies. Discovery hole 01-7A intersected 33.5 metres (110 ft) grading 5.14 g/t (0.15 oz/t) gold, including 10.83 g/t (0.32 oz/t) over 6.1 metres (20 feet). Hole 01-9 intersected 13.5 metres (45 ft) grading 19.56 g/t (0.57 oz/t) gold including 35.41 g/t (1.03 oz/t) gold over 6.1 metres (20 ft). All drill samples were assayed by Bondar-Clegg in North Vancouver. All drill operations were carried out under the supervision of Dr. Chris Rees, P.Geo., who was designated as the Qualified Person.
The 144 Zone is centered approximately 213 metres (700 ft) below surface and some 91 metres (300 ft) below the lower most underground workings at the Sterling mine. With appropriate encouragement from surface drilling, the 144 Zone will be further tested and delineated with underground drilling following the development of a decline to the target area, which is open to depth and laterally.
The Sterling property is located near Beatty, Nevada, 185 kilometres (115 miles) northwest of Las Vegas. The Sterling claims and mine site cover approximately 1,254 hectares (3,099 acres). The claims are subject to a 2.25 Net Smelter Return. Sterling was operated as an open pit and later as an underground mine from 1980 to 1997. Total gold production through 2000 was 194,996 troy ounces from 941,341 short tons of ore with an average grade of 7.44 g/t (0.217 oz/t) gold.
For further information contact:
Pierre Lebel, President or
Sabine Goetz, Investor Relations
You can view the Next News Release 2002 item: Thu Aug 1, 2002, Assay Results from Sterling Project
You can view the Previous News Release 2002 item: Fri May 31, 2002, Imperial Reports Results for First Quarter 2002
You can return to the main News Release 2002 page, or press the Back button on your browser.