Imperial Metals Corporation

Imperial Metals Corporation

November 08, 2007 17:35 ET

144 Zone Decline Completed at Imperial's Sterling Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 8, 2007) - Imperial Metals Corporation (TSX:III) reports the 3,352 foot decline providing access to the 144 Zone has been completed. Two exploration drifts off the main decline below the 144 Zone and drill stations that will provide for detailed drilling of the 144 Zone from underground are also complete.

Underground diamond drilling is expected to begin late November to delineate the 144 Zone, with an initial phase of 18 holes totaling 3,600 feet planned. With the decline in place approximately 100 feet beneath the 144 Zone, it can be tested with short drill holes.

Additional diamond drilling is also planned along the completed decline to the east of the 144 Zone, where sampling has yielded gold mineralization at two locations.

In the decline east of the currently defined 144 Zone, chip rib sampling intersected continuous gold mineralization averaging 0.039 troy ounces per ton (1.33 g/t) over a distance of more than 150 feet. This mineralization is hosted in hydrothermal breccias similar to the lower grade breccia envelope that surrounds the higher grade mineralization in the 144 Zone. A grab sample from a muck bay located 300 feet further east, graded 0.158 troy ounces per ton (5.42 g/t) gold. This sample is also from a hydrothermal breccia but it is present in silty dolomite, a different stratigraphy than the 144 Zone. These two discoveries more than double the known area of gold mineralization in the vicinity of the 144 Zone to over 600 feet, from west to east.

A plan showing the decline and the rock units encountered is posted on the Company's website.

A surface drilling program planned for early 2008 will test several gold anomalies identified during recent surface geochemical sampling work.

Patrick McAndless, P.Geo. is the Qualified Person as defined by National Instrument 43-101 for the exploration program. Samples were analyzed at the Mount Polley assay laboratory.

The wholly owned Sterling property located in southwest Nevada includes the Tungsten Canyon, Fluorspar Canyon and Mary claims, and is comprised of 606 lode mining claims covering 12,434 acres.

Imperial is a mine development and operating company based in Vancouver, British Columbia. The Company's key properties are the Mount Polley open pit copper/gold producing mine in central British Columbia, the Huckleberry open pit copper/molybdenum producing mine) in northern British Columbia, the development stage Red Chris property in northern British Columbia, and the Sterling gold mine in southwest Nevada.

Contact Information

  • Imperial Metals Corporation
    Brian Kynoch
    (604) 669-8959
    Imperial Metals Corporation
    Patrick McAndless
    Vice President Exploration
    (604) 488-2665
    Imperial Metals Corporation
    Sabine Goetz
    Investor Relations
    (604) 488-2657