Imperial’s Early Crater Lake Drill Results Confirms Substantial Widths of Scandium-Bearing Olivine Ferrosyenite
Imperial’s Early Crater Lake Drill Results Confirms Substantial Widths
of Scandium-Bearing Olivine Ferrosyenite
MONTREAL, QUEBEC – April 7, 2021 – Imperial Mining Group Ltd. ("Imperial") (TSX
VENTURE: IPG; OTCQB: IMPNF ) is pleased to announce that early Crater Lake drilling on the TG
scandium mineralized zone has confirmed the substantial intersection widths of scandium-bearing olivine
ferrosyenite. This rock type is geologically similar to scandium-mineralized units observed during the 2019
TG Zone winter program (see Imperial Press Releases: May 22 and June 18, 2019). The drilling continues
towards collecting sufficient drill data to undertake a 43-101 preliminary Resource Estimate of the Zone
later in the spring.
“These early results confirm the significant potential of the TG mineralized zone, defined over a minimum
strike length of 600 m, to a depth of 200 m and up to 110 m in true thickness,” said Peter Cashin, Imperial’s
President & CEO. “ The new drilling shows good continuity of the scandium mineralized olivine
ferrosyenite unit over intersection widths of up to 158 m ( 515 feet). We have now brought the zo ne to
surface on two drill sections and will be defined to a vertical depth of 125 m and over a strike length of 600
m. This will provide us with sufficient data to satisfy the minimum tonnage threshold require d for our
subsequent PEA study work.”
WINTER DEFINITION DRILLING PROGRAM
A definition diamond drill program on the TG Zone commenced in early March with 17 to 22 diamond
drillholes planned, for a total of approximately 2,500 m (Figure 1). A drill hole spacing pattern of 50 -100
m is in the process of being completed with the objective of outlining a minimum Inferred Mineral Resource
of at least 10 million tonnes. This size of resource should satisfy a minimum 20- to 25-year operation model,
scalable to the rate of potential market demand growth. There is good potential to expand TG Zone
resources with further drilling of the resource area being drilled and on drill evaluation of additional
scandium occurrences elsewhere on the property. This drilling round is anticipated to be completed in early
May. The drilling contractor for the program is Cartwright Drilling Inc. of Goose Bay, NL.
CURRENT DRILLING
To date, four drillholes for 45 3.2 m have been completed (Table 1) . The drilling indicat es that the
mineralized zone dips between sub-vertical to 700 east, with a north-northeast strike direction. The widths
of the mineralized zone vary between 55 and 110 m (180-360’) in true thickness. The zone is open at depth
below the 200 m vertical level and along strike.
SECTION 500N DRILLING (Figure 2)
CL21041 – The drillhole was a shallow overcut to hole CL -19035 (Figure 2), which previously returned
95.5 m (313.2’) grading 314 g/t Scandium Oxide (Sc 2O3) and 0.37% Total Rare Earth
Oxides + Yttrium (TREO+Y) including 16.3 m grading 353 g/t Sc 2O3 and 0.38%
TREO+Y. The hole projected the TG Zone to surface on the section and was collared into
bedrock at 9.9 m and intersected the scandium host rock to 28.5 m for a total of 18.5 m of host
olivine ferrosyenite.
SECTION 550N DRILLING (Figure 3)
CL21040 – Drilling intersected the TG horizon at a vertical depth of 80 m and returned 80.1 m (262.7’) of
mineralized section from 20.9-101.0 m in the hole. The mineralization is hosted by highly to
moderately magnetic scandium-bearing olivine ferrosyenite showing strong geologic
similarity to previous scandium-rich drill sections from 2019 drilling of the zone.
CL21042 – This hole was a deeper undercut to CL21040 which intersected 156.9 m (514.7’) of Sc-bearing
olivine ferrosyenite from 47.0 to 203.9 m in the hole at a vertical depth of 110 m.
CL21043 – This hole was a shallow overcut to 21040 to bring the projection of the TG to surface. The hole
collared into mineralized olivine ferrosyenite at 9. 4 m down to 32.4 m for 23.0 m in core
length.
Table 1 – Drillhole Locations
Drillhole
#
Section Easting Northing Azimuth Dip Proposed
Length (m)
Final Length
(m)
CL21040 550 440900 6133765 305 -47 130 117.00
CL21041 500 440825 6133750 305 -45 90 50.30
CL21042 550 440940 6133735 305 -50 220 213.90
CL21043 550 440865 6133790 305 -47 100 72.00
CL21044 450 440830 6133690 305 -47 150 In progress
The samples from CL21040 and CL21041 have been delivered to the analytical laboratory and results are
anticipated within the next three weeks. The analysis of the drillcore is being undertaken by Act ivation
Laboratories Ltd (Actlabs) of Ancaster, ON. The results will be announced as soon as they become available
but, given the current COVID circumstances, delivery delays can be expected.
QA-QC Protocol
Strict QA/QC protocols have been implemented for the Crater Lake Project, including the insertion of
certified reference materials (standards), duplicates and blanks at regular intervals throughout the sequence
of samples.
A total of 141 samples, including 9 QA-QC samples, were sent to an analytical laboratory. All sample
preparation and analytical work was carried out by Actlabs at their facilities in Ancaster, Ontario. Several
analytical techniques were used to characterize the samples, which are combined at Actlabs into the
analytical package “8 -REE”. This package includes whole -rock and trace element analytic techniques.
Whole Rock analyses are done via a lithium metaborate/tetraborate fusion inductively coupled plasma (ICP)
finish. Trace elements are also analyzed by fusion ICP/MS.
QP
The technical content in this press release was provided and certified by Pierre Guay, P. Geo., Imperial's
Vice-President, Exploration, and Qualified Person as defined by National Instrument 43-101.
ABOUT IMPERIAL MINING GROUP LTD.
Imperial is a Canadian mineral exploration and development company focused on the advancement of its
technology metals projects in Québec. Imperial is publicly listed on the TSX Venture Exchange as “IPG”
and on the OTCQB Exchange as “IMPNF” and is led by an experienced team of mineral exploration and
development professionals with a strong track record of mineral dep osit discovery in numerous metal
commodities.
For further information please contact:
Peter J. Cashin
President and Chief Executive Officer
Phone: +1 (514) 360-0571
Email: [email protected]
CHF Capital Markets
Iryna Zheliasko, Manager-Corporate Communications
Phone: +1 (416) 868-1079 x229
Email: [email protected]
Website: www.imperialmgp.com Twitter: @imperial_mining Facebook: Imperial Mining Group
This press release may contain forward -looking statements relating to the Company’s operations or to its business environment.
Such statements are based on the Company’s operations, estimates, forecasts, and projections, but are not guarantees of future
performance and involve risks and uncertainties that are difficult to predict or control. Several factors could cause actual outcomes
and results to differ ma terially from those expressed. These factors include those set forth in the corporate filings. Although any
such forward-looking statements are based upon what management believes to be reasonable assumptions, the Company cannot
guarantee that actual resul ts will be consistent with these forward -looking statements. In addition, the Company disclaims any
intention or obligation to update or revise any forward -looking statements, for any reason. We also do not commit in any way to
guarantee that we will conti nue reporting on items or issues that arise. Investors are cautioned that this press release contains
quoted historical exploration results. These are derived from filed assessment reports and compiled from governmental databases.
The Company and a QP have not independently verified and make no representations as to the accuracy of historical exploration
results: these results should not be relied upon. Selected highlight results may not be indicative of average grades.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Figure 1 – Crater Lake Drillhole Location Map
Figure 2 – TG Zone Drill Section 500N – Crater Lake Project
Figure 3 – TG Zone Drill Section 550N – Crater Lake Project