Imperial Metals Corp. reports that the total 2021 metals production for the Red Chris mine was 65.4 million pounds copper and 60.2 thousand ounces gold. Copper and gold production decreased 25.9% and 18.5% respectfully, compared to 88.3 million pounds copper and 73.8 thousand ounces gold produced in 2020. The decreased 2021 metal production was a result of lower grades, with the copper grade down 24% and the gold grade [...]
Imperial Metals Corp. reports that an agreement has been reached with the Province of British Columbia for the surrender of Imperial's Giant Copper mineral claims located 37km east of Hope, BC, Canada. Imperial has held Giant Copper since April 1988. The claim area hosts two mineral deposits containing copper, silver and gold and a recently discovered gold showing. The claim area predates the creation of Manning Park and [...]
Imperial Metals Corp. reports further drilling results continue to expand the mineralization at the East Ridge zone at the Red Chris mine. Hole RC739 returned 390 metres at 0.48% copper and 0.63 g/t gold from 1,088 metres, including 44 metres at 1.3% copper and 2.0 g/t gold from 1,402 metres. This hole is located 100 metres east of RC727 . Hole RC745 located a further 100 metres east of RC739, returned 366 metres of 0.57 [...]
Imperial Metals Corp. , has acquired four mineral claims totalling 6,834.47 hectares from Freeport-McMoRan Mineral Properties Canada Inc. for the consideration of claim assessment work expenditures and a 0.5% Net Smelter Return royalty. The acquired claims are contiguous with the Company's Sustut property which is held by Selkirk Metals Corp. , a wholly owned subsidiary. It is located in northcentral British Columbia [...]
Imperial Metals Corp. reports that the NI 43-101 Technical Report for Red Chris has been filed by Newcrest Mining Ltd.. A copy of the report will be available on imperialmetals.com and the Canadian Securities Administrator's "System for Electronic Document Analysis and Retrieval" . The Technical Report has been prepared in accordance with National Instruction 43-101 - Standards of Disclosure for Mineral Projects of the [...]
Imperial Metals Corp. reports financial results for the three and nine months ended September 30, 2021, as summarized in this release and discussed in detail in the Management's Discussion & Analysis. The Company's financial results are prepared in accordance with International Financial Reporting Standards . The reporting currency of the Company is the Canadian Dollar. QUARTER HIGHLIGHTS FINANCIAL Total revenue decreased [...]
Imperial Metals Corp. reports Red Chris metal production for the third quarter of 2021 was 17.2 million pounds copper and 15,249 ounces gold, compared to 17.6 million pounds copper and 15,451 ounces gold produced during the second quarter of 2021. Imperial's 30% portion of the third quarter production was 5.2 million pounds copper and 4,575 ounces gold. Higher throughput and recovery for the quarter were offset by lower [...]
Imperial Metals Corp. reports the highlights of the Red Chris Block Cave Pre-Feasibility Study which confirms the potential to develop a world class, low cost, long life mine. Newcrest's recently completed PFS indicates the project has an estimated 17% IRR and CAD$2.3 billion NPV over an initial 31 year mine life at prices of US$3.30 per pound copper and US$1500 per troy ounce gold. Some key results from the PFS are noted [...]
Imperial Metals Corp. reports continued expansion of high grade mineralization at the newly discovered East Ridge zone at the Red Chris mine. East Ridge drill hole RC705 returned 254 metres of 1.0g/t gold and 1.1% copper from a depth of 718 metres, including 80 metres of 1.6g/t gold and 1.4% copper. This hole is located 100 metres above RC678 and confirms continuity over 300 metres vertically. The East Ridge zone [...]
Imperial Metals Corp. reports financial results for the three and six months ended June 30, 2021, as summarized in this release and discussed in detail in the Management's Discussion & Analysis. The Company's financial results are prepared in accordance with International Financial Reporting Standards . The reporting currency of the Company is the Canadian Dollar. QUARTER HIGHLIGHTS FINANCIAL Total revenue decreased to [...]
Imperial Metals Corp. reports Red Chris metal production for the second quarter of 2021 was 17.6 million pounds copper and 15,451 ounces gold, compared to 15.9 million pounds copper and 15,850 ounces gold produced during the first quarter of 2021. Improved throughput and recovery for the quarter were offset by lower head grades of 0.40% copper and 0.35 g/t gold compared to 0.43% copper and 0.42g/t gold in the first [...]
Imperial Metals Corp. is providing additional details of the Rights Offering completed June 25, 2021. To the knowledge of the Company, no person became an insider as a result of the Rights Offering. Existing insiders acquired an aggregate of 5,834,477 shares pursuant to the Basic Subscription Privilege and 1,453,337 shares pursuant to the Additional Subscription Privilege. About Imperial Imperial is a Vancouver based [...]