Imperial Mining Intersects 378 g/t Sc2O3 over 24.68 m in a New High-Grade Zone at Crater Lake, Quebec
December 14 2022 - 8:30AM
Imperial Mining Group Ltd. ("Imperial")
(
TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to
announce that it has received the remaining results from the Crater
Lake Summer 2022 drilling program on the TG scandium-rare earth
mineralized zone. Assay results continue to return substantial
intersection widths of scandium-bearing olivine rich ferrosyenite
and a new, higher-grade scandium bearing pyroxene-rich ferrosyenite
zone (Tables 1 and 2) reported earlier (see Imperial Press release
- NOV 17-22). With all of the results in, Imperial plans to
undertake an updated 43-101 Mineral Resource Estimate with the goal
of converting all of the Inferred Mineral Resources into the
Indicated or Measured Mineral Resources category (see Imperial
Mining Press Release - SEP 23, 2021).
“We are very pleased to see the development of a
parallel, higher-grade mineralized scandium system as we move
towards the south towards what we call the Southern Lobe of the TG
Zone,” said Peter Cashin, Imperial’s President & Chief
Executive Officer. “Importantly, this higher-grade system is
showing better continuity in terms of width and grade and remains
open towards the south, at depth and, potentially, closer to
surface. Our future exploration plans will be to better define this
new system.”
CURRENT
DRILLING
All analytical results for the last three holes
of the summer drilling program representing a total of 738.0 m have
been received (Tables 1 and 2, Figure 1). All drillholes have
intersected the target scandium bearing ferrosyenite host rock. The
recent drilling indicates that the southern portion of the TG
scandium Zone is composed of two different Sc bearing ferrosyenites
and hosts a higher proportion of the higher-grade pyroxene-rich
ferrosyenite. This new pyroxene-rich ferrosyenite mineralization is
open to the southwest and at depth. Individual drill assay
grades of up to 602 g/t
Sc2O3
were returned from this new system. The mineralization of both
Sc-bearing ferrosyenite zones is open at depth below the 200 m
vertical level and along strike and appears to show great potential
for additional scandium mineralization between Sections Lines 0N
and 350N, particularly closer to surface.
Table 1 - Crater Lake Drilling Best
Assay Results:
Hole # |
From (m) |
To (m) |
Interval (m) |
Sc (g/t) |
Sc2O3
(g/t) |
TREO+Y (%) |
CL22060 |
164.70 |
231.83 |
67.13 |
184 |
282 |
0.314 |
Incl. |
187.20 |
202.50 |
15.30 |
195 |
300 |
0.343 |
and Incl. |
206.25 |
217.02 |
10.77 |
206 |
316 |
0.319 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CL22061 |
75.43 |
112.52 |
37.09 |
194 |
298 |
0.474 |
Incl. |
75.43 |
101.20 |
25.77 |
202 |
310 |
0.506 |
And |
172.20 |
214.15 |
41.95 |
191 |
292 |
0.377 |
Incl. |
172.20 |
198.50 |
26.30 |
209 |
320 |
0.394 |
|
|
|
|
|
|
|
CL22062 |
112.93 |
195.50 |
82.57 |
187 |
288 |
0.362 |
Incl. |
112.93 |
137.61 |
24.68 |
247 |
378 |
0.482 |
and Incl. |
172.07 |
195.50 |
23.43 |
198 |
304 |
0.383 |
|
|
|
|
|
|
|
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 646 drillcore samples, including 45
QA-QC samples, were sent to Activation Laboratories Ltd. All sample
preparation and analytical work was carried out at their facilities
in North Bay and 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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