Mr. Brian Kynoch reports
IMPERIAL REPORTS RED CHRIS PRODUCTION FOR 2019 THIRD QUARTER
Imperial Metals Corp. production at the Red Chris mine for the 2019 third quarter was 19.5 million pounds copper and 8,419 ounces gold. These results represent 100 per cent of production at Red Chris. Copper and gold production were up 11 per cent in the third quarter compared with the second quarter of 2019. Mill throughput for the quarter averaged 30,568 tonnes per calendar day.
As previously announced, Imperial completed the sale of a 70-per-cent interest in the Red Chris mine to Newcrest Mining Ltd. on Aug. 15, 2019. Imperial's portion of the third-quarter production was 13.1 million pounds copper and 5,634 ounces gold, representing 100 per cent of production for the period July 1 through Aug. 14, 2019, and 30 per cent of production for the period Aug. 15 through Sept. 30, 2019.
Exploration drilling commenced during the third quarter with four drills currently operational. It is expected that two more drill rigs will begin drilling during the fourth quarter. Drilling will test the upside of the East zone, Main zone and Gully zone, and a number of regional targets. At the East zone, a deep infill resource definition drilling program is under way to provide additional geological, metallurgical and geotechnical data to support studies for future underground operations. A new step-out exploration drilling program is under way searching for additional zones of high-grade mineralization within the main mineralized trend. Drilling is also being conducted in the Gully zone to follow up previous high-grade intercepts.
About Imperial Metals Corp.
Imperial is a Vancouver exploration, mine development and operating company. The company, through its subsidiaries, owns a 30-per-cent interest in the Red Chris mine, and a 100-per-cent interest in both the Mount Polley and Huckleberry copper mines in British Columbia. Imperial also holds a 48-per-cent interest in the Ruddock Creek lead/zinc property.
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