Imperial Metals Corporation
TSX : III

Imperial Metals Corporation

August 02, 2006 08:40 ET

Imperial Reports Mount Polley Exploration Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 2, 2006) - Imperial Metals Corporation (TSX:III) reports favourable diamond drilling results revealing expansion of both the C2 and Boundary zones at Mount Polley.

Significant results in the C2 Zone include C206-20 which intersected 84.9 metres grading 0.28% copper and 0.33 g/t gold starting at 7.6 metres from surface. Hole C206-27 intersected 38.8 metres grading 0.31% copper and 0.81 g/t gold starting at 3.7 metres from surface. Exploration of the C2 Zone has been coordinated closely with the mine development team in order to assist in expansion of the current pit design both laterally and to depth. The C2 Zone is located immediately south of the Cariboo Pit and adjacent to the primary crusher, and could provide an important source of mill feed as early as the fourth quarter 2006.



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C2 Zone Total Interval Interval Interval
Drill Length from to Length Copper Gold
Hole # (m) (m) (m) (m) % g/t
C206-20 212.8 7.6 - 92.5 84.9 0.28 0.33
C206-27 151.8 3.7 - 42.5 38.8 0.31 0.81
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Significant intervals at the Boundary Zone include ND06-10 which intersected 20.8 metres grading 0.58% copper and 0.51 g/t gold at 125.0 metres, and an additional zone of 5.8 metres grading 0.99% copper and 0.90 g/t gold at 160.1 metres. Hole ND06-15 intersected 17.5 metres grading 0.79% copper and 0.91 g/t gold starting at 90.0 metres, and hole ND06-17 intersected 19.4 metres grading 0.68% copper and 0.50 g/t gold starting at 155.1 metres.



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Boundary
Zone Total Interval Interval Interval
Drill Length from to Length Copper Gold
Hole # (m) (m) (m) (m) % g/t
ND06-10 217.9 125.0 - 145.8 20.8 0.58 0.51
160.1 - 165.9 5.8 0.99 0.90
ND06-15 276.5 90.0 - 107.5 17.5 0.79 0.91
ND06-17 266.4 155.1 - 174.5 19.4 0.68 0.50
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Diamond drilling of known targets is ongoing, and property wide geochemical, geophysical and geological exploration methods, including trenching and mapping, are being used to advance prospective new areas.

The porphyry and breccia related deposits at Mount Polley are irregular in shape and true thicknesses have not been estimated. Patrick McAndless, P.Geo. is the Qualified Person as defined by National Instrument 43-101 for the exploration program. Samples for the current diamond drilling program were analyzed at the Mount Polley Mine laboratory. A full QA/QC program using blanks, standards and duplicates was maintained for all samples submitted to the lab.

A complete table of the drill results is available on Imperial's website at www.imperialmetals.com. The Mount Polley open pit copper/gold mine, wholly owned by Imperial, is located 56 kilometres northeast of Williams Lake, BC.

Contact Information

  • Imperial Metals Corporation
    Brian Kynoch
    President
    (604) 669-8959
    (604) 687-4030 (FAX)
    or
    Imperial Metals Corporation
    Patrick McAndless
    Vice President Exploration
    (604) 488-2665
    or
    Imperial Metals Corporation
    Sabine Goetz
    Investor Relations
    (604) 488-2657
    info@imperialmetals.com
    www.imperialmetals.com