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Imperial Reports Red Chris Update

VANCOUVER, British Columbia, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) reports Red Chris metal production (100%) 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 head grades of 0.39% copper and 0.34 g/t gold compared to 0.40% copper and 0.35g/t gold in the second quarter.

Red Chris Exploration Update

Drilling at the newly discovered East Ridge continues to expand the extent of mineralization in this zone, the drilling has demonstrated continuity of the copper gold mineralization over dimensions of about 400 metres high, 400 metres long and 125 metres wide. Contained within this zone of mineralization is a higher-grade portion with dimensions of approximately 300 metres high, 300 metres long and 100 metres wide. East ridge remains open to the east and at depth.

Diamond drill hole RC727 intersected 346 metres from 1046 metres to 1392 metres grading 0.79% copper and 1.1 g/t gold. This intercept includes a 56 metre section grading 1.8% copper and 3.5 g/t gold, the highest grade intercept to date form the East Ridge.

East Ridge is located adjacent to the East Zone and outside the current Red Chris Mineral Resource estimate. Ongoing drilling continues to extend the copper/gold mineralization. Exploration drilling has not yet defined the limits of the mineralized porphyry corridor.

Brian Kynoch, President of Imperial Metals said, “The results from ongoing drilling in the East Ridge continue to demonstrate the potential for significant growth in the copper/gold resource at Red Chris.”

Results since last release:

Hole ID From (m) To (m) Width (m) Copper (%) Gold (g/t)
RC719 678 930 252 0.36 0.26
Including 732 742 10 0.93 0.58
RC727 1046 1392 346 0.79 1.1
including 1336 1392 56 1.8 3.5

During the third quarter, there were up to eight diamond drill rigs in operation. A further 29,388 metres of drilling was completed in 24 drill holes, with all drill holes intersecting mineralization (except twelve drill holes which were dedicated geotechnical holes).

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Imperial Reports Red Chris Update VANCOUVER, British Columbia, Oct. 27, 2021 (GLOBE NEWSWIRE) - Imperial Metals Corporation (the “Company”) (TSX:III) reports Red Chris metal production (100%) for the third quarter of 2021 was 17.2 million pounds copper and 15,249 ounces gold, …

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