Imperial Reports Final Drill Hole Assays from Mount Polley 2020 Exploration
News Release
Imperial Reports Final Drill Hole Assays from Mount Polley 2020 Exploration
Vancouver | February 23, 2021 | Imperial Metals Corporation (the “Company”) (TSX:III) reports diamond drill results
from the final hole of the Mount Polley 2020 exploration program. Drill results from the first five holes were released
February 8, 2021. A total of six drill holes, totalling 3,792 metres in length, were completed in the 2020 fourth
quarter.
Drill hole SD-20-162 was drilled in the Springer zone. The Springer zone contains most of the reserves in the current
open pit mine plan. Historic drilling beneath the currently planned Springer pit confirmed the mineralization
continues for at least 250 metres below the pit bottom. This hole was designed to fill a gap in drilling on the eastern
side of the target area beneath the pit. The hole was collared on the saddle between the Springer and Cariboo pits,
and drilled at an azimuth of 270° and a dip of -70° down to a total depth of 803.8 metres. Studies are underway to
evaluate the potential for a bulk underground mining beneath the planned pit.
The hole was successful with a number of mineralized intervals intersected, including 0.30% copper and 0.30 g/t
gold over 120 metres from 225 to 345 metres, and 0.42% copper and 0.52 g/t gold over 200 metres from 372.5 to
572.5 metres. The lower intercept included a higher grade zone grading 0.57% copper and 0.64 g/t gold over 90
metres from 392.5 to 482.5 metres.
Significant intercepts:
Hole ID From (m) To (m) Width (m) Copper (%) Gold (g/t)
SD-20-162 65.9 75.0 9.1 0.53 0.59
and 152.5 163.2 10.7 0.42 1.01
and 225.0 345.0 120.0 0.30 0.30
and 372.5 572.5 200.0 0.42 0.52
including 392.5 482.5 90.0 0.57 0.64
and 630.0 787.5 157.0 0.27 0.30
Jim Miller-Tait, P.Geo., Imperial’s VP Exploration, has reviewed this news release as the designated Qualified Person as
defined by National Instrument 43-101 for the Mount Polley exploration program. Samples reported were analysed at
Bureau Veritas Mineral Laboratories in Vancouver. A full QA/QC program using blanks, standards and duplicates was
completed for all diamond drilling samples submitted to the labs. Significant assay intervals reported represent
apparent widths. Insufficient geological information is available to confirm the geological model and true width of
significant assay intervals.
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About Imperial
Imperial is a Vancouver based exploration, mine development and operating company with holdings that include
the Mount Polley mine (100%), the Huckleberry mine (100%), and the Red Chris mine (30%). Imperial also holds a
portfolio of 23 greenfield exploration properties in British Columbia. These properties have defined areas of
mineralization and clear exploration potential. Management continues to evaluate various opportunities to advance
many of these properties.
Company Contacts
Brian Kynoch | President | 604.669.8959
Jim Miller-Tait | VP Exploration | [email protected]
Sabine Goetz | Shareholder Communications | 604.488.2657 | [email protected]
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this news release are not statements of historical fact and are “forward-looking” statements.
Forward-looking statements relate to future events or future performance and reflect Company management’s
expectations or beliefs regarding future events and include, but are not limited to, statements regarding the Company’s
expectations with respect to current and planned exploration drilling programs at Mount Polley to expand known
mineralization, provide more data in areas where the use of underground mining methods are being considered. In certain
cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect",
"is expected", "outlook", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate",
or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology.
By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by the forward-looking statements.
In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that
are based on information currently available to the Company as well as the Company’s current beliefs and assumptions.
These factors and assumptions and beliefs and assumptions include, the risk factors detailed from time to time in the
Company’s interim and annual financial statements and management’s discussion and analysis of those statements, all of
which are filed and available for review on SEDAR at www.sedar.com. Although the Company has attempted to identify
important factors that could cause actual actions, events or results to differ materially from those described in forward-
looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or
intended, many of which are beyond the Company’s ability to control or predict. There can be no assurance that forward-
looking statements will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and
all forward-looking statements in this news release are qualified by these cautionary statements.