Imperial Metals Corporation

Imperial Metals Corporation

January 25, 2008 10:40 ET

Long Molybdenum-Copper Intercepts Demonstrate Continuity of Mineralization at Imperial's Bear Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 25, 2008) - Imperial Metals Corporation (TSX:III) reports long intervals of molybdenum copper mineralization were encountered in both drill holes completed at the Bear property, 140 kilometres north of Smithers in northern British Columbia.

Hole BD07-21 returned 378.6 metres grading 0.054% molybdenum and 0.25% copper which included a 178.7 metre interval grading 0.083% molybdenum and 0.30% copper, or 1.13% CuEqv. Hole BD07-21 was drilled in altered intrusive rocks from the top of bedrock to the bottom of the hole, with the best grades in the upper 342 metres. Hole BD07-20 tested an area near the northern boundary of the mineralization. The mineralization and alteration were widespread but the grades were lower. A drill plan and section is available on the Company's website.

Inter- Inter- Copper
Total val Inter- val Moly- Equiv-
Length from val Length bdenum Copper alent
Drill Hole # (m) (m) to (m) (m) % % %(i)
BD-07-20 566.6 285.5 450.0 164.5 0.020 0.12 0.32
including 297.5 332.5 35.0 0.030 0.12 0.42
and 427.5 447.5 20.0 0.025 0.20 0.45
BD-04-21 380.1 1.5 380.1 378.6 0.054 0.25 0.79
including 7.5 62.5 55.0 0.055 0.33 0.88
and 102.5 281.2 178.7 0.083 0.30 1.13
and 157.5 217.5 60.0 0.103 0.40 1.43
(i) CuEqv equals copper equivalent calculations based on
molybdenum:copper price ratio of 10:1

Infrastructure in the Bear property area is excellent with nearby rail, roads, power and airstrip. The property was acquired in 2004 and Imperial owns a 100% interest in the property, subject to a 1.5% NSR which can be purchased by the Company for $1,500,000.

Steve Robertson P.Geo., designated as the Qualified Person defined by National Instrument 43-101, reviewed the data as described in this release. Samples were analyzed at Acme Analytical Laboratories in Vancouver. A comprehensive QA/QC program using blanks, standards and duplicates was maintained for all samples submitted to the lab. The purpose of the 2007 Bear drill program was to better define the known mineralization. The program was halted early due to the weather conditions and further work will be required to achieve that goal. The true width of the mineralized system cannot be determined at this time.

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 copper/gold property in northern British Columbia, and the Sterling gold property in southwest Nevada.

Contact Information

  • Imperial Metals Corporation
    Brian Kynoch
    (604) 669-8959
    (604) 687-4030 (FAX)
    Imperial Metals Corporation
    Patrick McAndless
    Vice President Exploration
    (604) 488-2665
    Imperial Metals Corporation
    Sabine Goetz
    Investor Relations
    (604) 488-2657