Sunday, 1 October 2023

Business News

Imperial Drilling Intersects 52.6 Metres Grading 0.45% Copper and 1.29 g/t Silver at Whiting Creek – TipRanks Financial Blog

LyondellBasell moving forward with advanced recylicng plant in Germany

VANCOUVER, British Columbia, Sept. 18, 2023 (GLOBE NEWSWIRE) — Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports diamond drill results for hole CW-23-01B, the first of five drill holes from the Whiting Creek 2023 exploration program. The drill results include an intercept of 52.6 metres grading 0.45% copper and 1.29 g/t silver starting from the top of bedrock at a depth of 67.4 metres.

The Whiting Creek prospect forms part of the Huckleberry property and is located approximately 8.5 km north of the Huckleberry mill. The target is a calc-alkalic porphyry associated with the Bulkley plutonic suite, like the Huckleberry deposit. Veining and strong hydrothermal alteration are prevalent throughout the area, along with a pyritic halo approximately 6 km by 3 km in plan dimension. The dominant intrusive is the Whiting Creek Stock, which is a body of biotite rich quartz diorite to granodiorite, approximately 3 km by 4 km in surface dimension.

Over the past two years Imperial has conducted a program of geological mapping, geochemical surveys, whole rock trace element studies and airborne and surface geophysical surveys over the Whiting Creek area. Numerous drill targets were identified and in July and August of 2023, Imperial completed 2,031 metres of diamond drilling on the Whiting Creek prospect. This year’s drilling targeted an underexplored area called Creek Zone West located 450 metres west of Creek Zone drill hole WC2016-02, which intersected 222.5 metres at 0.309% copper, 0.017% molybdenum and 1.18 g/t silver in 2016. Drilling at Creek Zone West targeted overlapping geophysical and geochemical anomalies, and the northwestern covered contact between the Whiting Creek Stock and the surrounding Telkwa Formation volcanics.

Hole CW-23-01B was drilled at 225° azimuth and a dip of -50° to a final depth of 408 metres. Veined and altered andesite volcanic and intrusive rocks associated with the Whiting Creek Stock were the primary lithologies encountered. Numerous mafic to intermediate post mineral dykes crosscut all lithologies in a northwest to southeast trend following a prominent structural trend on the property.

Copper, molybdenum, and silver mineralization occurs throughout hole CW-23-01B within every lithology except the post mineral dykes. Higher grade copper mineralization is concentrated in the veined and altered andesite volcanics. The hole intersected 316.8 metres grading 0.23% copper, 0.008% molybdenum and…

Click Here to Read the Full Original Article at TipRanks Financial Blog…