Discovery of Copper Mineralization in 400 Metre Step-Out Drill Hole, Four Kilometres North of the Mount Polley Mill
VANCOUVER, British Columbia, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports that an exploration drill hole, drilling a blind target through clastic cover rocks, intercepted a hydrothermal breccia hosting significant visual native copper at the unconformity with the Mount Polley Intrusive Complex (MPIC). Two intercepts in diamond drill hole FP-25-01 of 7.0 metres grading 0.70% copper and 0.27 g/t gold starting at 383.0 metres, and 20.0 metres grading 0.25% copper and 0.96 g/t gold starting at 417.5 metres, mark the discovery of significant mineralization in a major step-out. The drill hole was collared 4.15 kilometres north of the operating Mount Polley mill (see Figure 1).
Related Questions
What are the projected additional drilling and development costs to delineate this mineralization?
Are there any permitting, regulatory, or environmental considerations for expanding development north of the Mount Polley mill?
What is the estimated size and grade of the newly discovered copper resource from this step-out drill?
How does the grade and thickness of the new mineralization compare to the existing Mount Polley deposit?
What is the expected timeline to complete further drilling and move towards a resource estimate?
How will this discovery impact Imperial Metals' future cash flow and profitability forecasts?
What potential changes to the company's capital allocation or financing strategy might result from this discovery?
How might this news affect the company's valuation and current market price of the stock?
What is the anticipated impact on the regional copper supply outlook and potential market dynamics?
How could this discovery influence short‑term trading volumes and price volatility for Imperial Metals shares?