Imperial Mining Intersects 308 g/t Sc2O3 over 98.6 m, Including 322 g/t over 52.8 m at Crater Lake, Quebec
November 17 2022 - 7:30AM
Imperial Mining Group Ltd. ("Imperial")
(
TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to
announce that it has received additional assays from the Crater
Lake summer drilling program on the TG scandium-rare earth
mineralized zone. Assay results have confirmed the substantial
intersection widths of scandium-bearing olivine ferrosyenite (Table
1 and 2) reported earlier (see Imperial Mining Press Release - OCT
20, 2022). The drilling program was completed in early September.
Once all results have been received from the Lab and compilation of
the data completed, Imperial plans to undertake an updated 43-101
Resource Estimate for the Zone. The new data plans to convert the
Inferred Category Resources reported late last year (see Imperial
Mining Press Release - SEP 23, 2021) into Indicated/Measured
Resources.
“The summer drilling results for the Crater Lake
property continue to exceed all expectations, as they continue to
confirm wide intervals of scandium and TREO+Y at the TGZ target,”
said Peter Cashin, Imperial’s President & Chief Executive
Officer. “Drilling has now defined the Zone on 50 m sections
between Sections 350N and 600N and mineralization has been traced
by drilling over 600m in total strike length from surface to a
vertical depth of 150 m (Figure 1). Importantly, the zone appears
to get wider and higher grade with depth. We anticipate that the
resource will likely increase from what was previously reported for
the TG.”
CURRENT DRILLING
To date, assays for three additional holes for
648.0 m have been received (Table 2, Figure 1). All drillholes have
intersected the target mafic intrusive host rock. The drilling
indicates that the TG scandium Zone is doubly dipping between 830
west to 700 east, with a north-northeast strike direction. The
widths of the mineralized zone vary between 55 and 135 m (180-443’)
in true thickness. Mineralization is open at depth below the 200 m
vertical level and along strike and appears as a thickening,
conical-shaped body in cross-section.
Table 1 - Crater Lake Drilling Best
Assay Results:
Hole # |
From (m) |
To (m) |
Interval (m) |
Sc (g/t) |
Sc2O3
(g/t) |
TREO+Y (%) |
CL22056 |
34.00 |
47.20 |
13.2 |
180 |
276 |
0.383 |
|
73.95 |
79.0 |
5.05 |
179 |
275 |
0.230 |
|
|
|
|
|
|
|
CL22058 |
28.6 |
61.75 |
34.43 |
177 |
271 |
0.440 |
Incl. |
46.6 |
61.75 |
15.15 |
201 |
308 |
0.473 |
And |
107.0 |
157.5 |
50.5 |
191 |
293 |
0.353 |
Incl. |
107.0 |
127.0 |
20.0 |
196 |
301 |
0.359 |
and Incl. |
131.0 |
157.5 |
26.5 |
206 |
317 |
0.382 |
|
|
|
|
|
|
|
CL22059 |
85.8 |
201.3 |
115.5 |
177 |
271 |
0.320 |
Incl. |
85.8 |
98.54 |
12.74 |
211 |
323 |
0.457 |
and Incl. |
111.35 |
164.15 |
52.8 |
210 |
321 |
0.372 |
and Incl. |
168.25 |
201.3 |
33.05 |
183 |
281 |
0.307 |
|
|
|
|
|
|
|
NOTES: - 1 ppm of Sc metal
equals 1.5338 ppm scandium oxide (Sc2O3) ; 1 g/t equals 1 ppm.
TREO+Y includes oxides of La, Ce, Pr, Nd, Sm, Eu, Gd, Tb, Dy, Ho,
Er, Tm, Yb and Lu plus Y.
Table 2 – Borehole Location Table – Crater Lake Project,
Quebec
Borehole |
Section |
Easting |
Northing |
Elevation |
Azimuth |
Dip |
Length (m) |
CL22056 |
400N |
440730 |
6133700 |
551 |
305 |
-45 |
147.0 |
CL22058 |
100N |
440685 |
6133363 |
533 |
305 |
-50 |
234.0 |
CL22059 |
600N |
440992 |
6133751 |
542 |
305 |
-49 |
267.0 |
CL22060 |
550N |
440967 |
6133713 |
541 |
305 |
-50 |
267.0 |
CL22061 |
400N |
440815 |
6133629 |
541 |
305 |
-48 |
240.0 |
CL22062 |
350N |
440780 |
6133586 |
541 |
305 |
-52 |
231.0 |
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 500 drillcore samples, including 35
QA-QC samples, were sent to Activation Laboratories Ltd. All sample
preparation and analytical work will be carried out 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.
The technical content in this press release was
prepared, reviewed and certified by Pierre Guay, P. Geo.,
Imperial's Vice-President, Exploration, a Geologist and Qualified
Person as defined by NI43-101.
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
deposit discovery in numerous metal commodities.
For further information please
contact:
Peter J. CashinPresident and
Chief Executive OfficerPhone: +1 (514)
360-0571Email: info@imperialmgp.com |
Website:
www.imperialmgp.com
Twitter:
@imperial_mining
Facebook: Imperial Mining Group
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