BRITISH COLUMBIA — Imperial Metals of Vancouver continues to drill at its Red Chris copper-gold property in the northwest part of the province, and for its efforts is encountering lengthy mineralized intervals, well over 1,000 metres.
Hole RC09-347 was drilled from 108.0 to 1,232 metres and it averaged 0.39% Cu, 0.46 g/t Au and 1.75 g/t Ag over a length of 1,132.5 metres. The highest grades were 1.02% Cu, 1.34 g/t Au and 4.89 g/t Ag recorded from 697.5 to 762.5 metres.
Hole RC09-348 was drilled from 42.5 to 1,307.5 metres. Mineralization averaging 0.62% Cu, 0.82 g/t Au and 1.95 g/t Ag was recorded over 1,265.0 metres. The best intersection was 1.21% Cu, 2.41 g/t Au and 4.64 g/t Ag from 725.4 to 969.3 metres, an intersection of 243.9 metres.
Since Imperial began exploring the depth potential at Red Chris, eight drill holes more than 1,000 metres deep have been completed (not including those currently in progress) with six in the East zone and two in the Main zone. Staff geologists and consultants are working on development of a geologic model that explains the various characteristics of the deposit at depth, including the zones of high-grade gold and high bornite content. A presentation highlighting this work will be presented during the Mineral Exploration Roundup Conference to be held in Vancouver, Jan. 18-21, 2010.
The Red Chris feasibility study completed in 2005 (using US$700 gold and US$1.10 copper) put mineable reserves at 276.0 million tonnes. Additional information is available at www.ImperialMetals.com.