Imperial Metals Corporation

Imperial Metals Corporation

January 05, 2005 14:21 ET

Imperial Metals Corporation: Huckleberry Mines Ltd. Exploration Program Identifies new Potential Deposit


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: IMPERIAL METALS CORPORATION

TSX SYMBOL: III

JANUARY 5, 2005 - 14:21 ET

Imperial Metals Corporation: Huckleberry Mines Ltd.
Exploration Program Identifies new Potential Deposit

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 5, 2005) - Imperial
Metals Corporation (TSX:III) reports that 50% owned Huckleberry Mines
Ltd. has identified a new potential deposit on its 1,825 hectare
property located approximately 123 kilometres southwest of Houston,
British Columbia. The new copper-molybdenum zone, referred to as the
Northwest Target, is directly north of the Huckleberry Main Zone Pit and
easily accessible from the minesite. Drilling highlights include:



--------------------------------------------------------------
Drill Total Metre Interval Interval Copper Mo
Hole # Length (m) from - to Length % %
04-306 300.5 90.0 - 300.5 210.5 0.50 0.004
04-308 196.3 0.0 - 165.0 165.0 0.35 0.043
04-311 300.8 30.0 - 180.0 150.0 0.42 0.006
04-314 321.6 5.0 - 270.0 265.0 0.54 0.006
04-316 186.5 87.5 - 177.5 90.0 0.51 0.008
--------------------------------------------------------------
An accompanying drill plan and drill summary can be viewed on
the Company's website.


Further exploration will be carried out in 2005 to expand the Northwest
Target. Peter L. Ogryzlo, M.Sc., P.Geo. is the Qualified Person as
defined by National Instrument 43-101 for the diamond drill program.
Assays were performed in the assay laboratory at the Huckleberry Mine.
Duplicate analyses of selected diamond drill samples were also performed
by ALS Chemex Laboratories of North Vancouver.

Imperial owns 50% of the shares of Huckleberry Mines Ltd. with the other
50% owned by a consortium consisting of Mitsubishi Materials
Corporation, Marubeni Corporation, Dowa Mining Co. Ltd. and Furukawa
Co., collectively known as the "Japan Group". The Huckleberry mine was
commissioned in 1997 and built at a capital cost of approximately $142
million. The mill has a processing capacity of 21,000 tonnes of ore per
day. Ore is mined with standard open-pit truck and shovel equipment, and
processed through a SAG/ball mill circuit producing a copper concentrate
and molybdenum concentrate. The current reserves at Huckleberry have an
estimated mine life of 3.5 years.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Imperial Metals Corporation
    Brian Kynoch
    President
    (604) 669-8959
    (604) 687-4030 (FAX)
    or
    Imperial Metals Corporation
    Sabine Goetz
    Investor Relations
    (604) 488-2657
    Email: info@imperialmetals.com
    Website: www.imperialmetals.com