News Releases
| November 02, 2004 Mount Polley Receives Mining Permit Amendment and Reports Further Drill Results for the Northeast Zone | |
| Vancouver (November 2, 2004) - Imperial Metals Corporation (III-TSX) reports the Mining Permit Amendment for mining of the Wight Pit, and the permitted Bell and Springer pits, was received November 1, 2004. The PM-8 mineral claim hosting the Northeast Zone was converted to a Mining Lease on September 29, 2004. Current drill results continue to confirm further high grade in the northern extension of the Northeast Zone. Drill hole WB04-123, one of the northern most intercepts reported to date, intersected 72.5 metres grading 1.11% copper, 0.19 g/t gold and 9.61 ppm silver from 150.0 to 222.5 metres. Within the area of the proposed Wight pit previously modeled as waste, drill hole WB04-110 intersected 75.0 metres grading 2.02% copper, 0.62 g/t gold and 13.87 ppm silver from 92.5 to 167.5 metres. Complete drill results have been received for drill holes WB04-104, WB04-106, WB04-107, WB04-112 and WB04-113, previously reported on September 23, 2004, and are included in the table below. An updated Table of Assay Results, Drill Plan and Section are available on the Company's website. )
Two drills continue to test the lateral and depth extent of the northern extension of the Northeast Zone. A third drill is testing the deep mineralization in the Springer Zone. Patrick McAndless, a Qualified Person as defined by National Instrument 43-101, supervised the preparation, and verified the technical information in this release. Samples were analyzed by Acme Analytical Labs Ltd. in Vancouver, BC. The wholly owned Mount Polley property has been the focus of continuous exploration since August 2003. The open pit copper-gold mine, idled in September 2001 due to low metal prices, is scheduled to recommence operations in the 2005 first quarter. Mount Polley mineral claims encompass approximately 9,000 hectares and are located 56 kilometres northeast of Williams Lake in central British Columbia. -30- For further information contact: Brian Kynoch, President - 604.669.8959; Patrick McAndless, Vice President Exploration - 604.488.2665; or Sabine Goetz, Investor Relations - 604.488.2657 / info@imperialmetals.com Associated Maps & Tables in PDF Format: Northeast Zone Drill Plan - Nov 02/04 (298 Kb) | |
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