Imperial Mining Group Ltd.

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Imperial is a Canadian-based exploration and development company focussed on the advancement of its copper-zinc, gold and technology metals properties in Québec. Imperial is publicly listed on the TSX Venture Exchange as “IPG” and is led by an exceptional team of exploration and development profe...

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Imperial Mining Group Ltd.

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Imperial is a Canadian-based exploration and development company focussed on the advancement of its copper-zinc, gold......

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8020 Admin

9 hours ago

8020 Admin posted a press release Imperial Mining and SOQUEM Commence $1 million Geophysical and Diamond Drilling Program at the Carheil Copper-Zinc Project, Quebec in IMPERIAL MINING GROUP LTD.

Highlights:



  • A minimum of 3,500 m of diamond drilling will test seven high-priority copper-zinc-silver-gold targets areas across the Carheil property.



  • Downhole geophysics and follow-up drilling will test important results returned from the AG1 (1.58% zinc, 524.1 g/t silver over 10.5 m) and Puiseaux (3.06% copper, 18.2 g/t silver over 4.9 m) target areas.



MONTREAL, Jan. 14, 2020 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. (TSX VENTURE: IPG) is pleased to announce the start of its Fall 2019 and Winter 2020 exploration program on the Carheil Copper-Zinc project in the Abitibi region of northwestern Québec (the “Project”). The $1 million program, operated by SOQUEM, will involve downhole Time-Domain Electromagnetic (TDEM) surveys, 28 line-km of induced polarization (IP) geophysics and a contingent 52 line-km of IP survey depending on the Winter 2020 diamond drill results. A minimum of 3,500 meters of diamond drilling is planned to test several high potential Copper (Cu), Zinc (Zn), Silver (Ag) and Gold (Au) targets west of the previously-defined B26 basemetal horizon, located south of the past-producing Selbaie Mine (historical past-production 53.0 Mt @ 1.9% Zn, 1.0% Cu, 40.7 g/t Ag 0.6 g/t Au).


The Project is located in Brouillan and Carheil townships (Figure 1), 5 km southwest of the past-producing Selbaie Mine. The property consists of 113 contiguous claims covering approximately 53.7 km2. Imperial holds a 100% interest in the Project subject to an option agreement signed in 2017 where SOQUEM can earn a 50% interest in the Project by carrying out exploration work totaling $3.750 million over four (4) years. On completion of their 2020 exploration intentions, SOQUEM will have incurred approximately $2.75 million in cumulative exploration expenditures on the property.


Downhole TDEM Survey


A downhole Time-Domain EM (TDEM) survey commence this month and is expected to be completed by mid-December 2019. Abitibi Geophysics of Val d’Or, Québec, is the contractor for this program. The downhole TDEM survey will be conducted in two different areas to search for off-hole conductive bodies potentially related to a volcanogenic massive sulphide (“VMS”) body.


The first area, the AG1 polymetallic Zone, is located at the southeast end of the property (Figure 2). Previous drilling in this zone identified a Zn, Ag, Cu and Au mineralized VMS system with intersections grading up to 1.58% Zn and 524.1 g/t Ag over 10.5m. However, limited downhole geophysics was performed in those boreholes. A total of four (4) holes will be surveyed at the AG1 Zone to explore for potential extensions of the mineralization.


The second area, the Puiseaux Area, is located at the northeastern end of the property (Figure 2). During the 2019 Winter drill program, Soquem drilled a total of five holes along the southern limit of the property. Two boreholes intersected VMS style mineralization and alteration with the best intersection grading up to 3.06% Cu, 18.2 g/t Ag, 0.1 g/t Au over 4.9m related to a sulphide stringer mineralized zone. A total of three (3) holes will be completed at the Puiseaux Area.


Linecutting and 3D-IP Geophysical Surveys


SOQUEM will conduct a total of approximately 28 line-km of grid preparation for an IP survey planned for February 2020. An additional 52 line-km of grid and IP survey could be performed if excellent results are obtained from the drilling on Zones 1 and 2 (see Diamond Drill Program). Contractors for these surveys have not been selected yet.


The IP surveys will cover two different areas. The first area is located at the Puiseaux Area where VMS style mineralization and alteration were encountered (Figure 3). A total of 28 line-km of IP will be conducted to cover an exhalative horizon interpreted to be the westward extension of the B26 horizon. The second area, located east of the previously surveyed 2018 IP grid, shows strongly favorable VMS related geochemistry and geology. A total of 52 line-km of IP could be performed to cover a little-explored area.


Diamond Drilling Program


SOQUEM also plans to initiate a 3,500 to 5,500-m diamond drill program in January 2020. The contractor for the drill program has not been selected yet.


A total of nine (9) diamond drill targets, located within six (6) zones, have been selected for its geological, geochemical and geophysical characteristics favourable for Cu-Zn VMS deposit formation. The diamond drilling will evaluate a total of six (6) zones within the previously surveyed 2018 IP grid (Figure 2).


Zones 1 and 2


Drilling will test favourable geology, strong base-metal style alteration and anomalous pathfinder element enrichments associated with favourable geophysics. Historical drilling in these zones intersected Cu-Zn VMS exhalative horizons, interpreted to be the western extension of the B26 deposit horizon (SOQUEM 43-101 Mineral Resource Estimate - March 4, 2018 - Indicated resource of 6.97 Mt grading 1.32 % Cu, 1.80 % Zn, 0.60 g/t Au and 43 g/t Ag and Inferred resource of 4.41 Mt grading 2.03 % Cu, 0.22 % Zn, 1.07 g/t Au and 9 g/t Ag).


Zone 3


Drilling will evaluate a strong IP anomaly believed to be the western continuation of Zones 2 listed above. Historical drilling in this area has intersected minor disseminated sulphide mineralization but did not explain the target IP anomaly.


Zone 4


Drilling will test a high chargeability IP and a low resistivity anomaly southeast of Zones 1 & 2. Nearby historical drilling intersected Cu mineralization in sedimentary-exhalative units favourable for base metal deposits.


Zone 5


Drilling will evaluate a 2.0 km long first-priority IP anomaly which is potentially the eastern extension of the D2 gold-silver zone. Previous drilling on the D2 (see Press Release – April 18, 2018) returned 31.4 g/t gold (Au) and 132.52 g/t silver (Ag) over 1.45 m and 8.92 g/t Au over 5.1 m. Historical drilling in this area intersected massive sulphide horizons that were never followed-up.


Zone 6


Drilling on this Zone will test a high chargeability IP and adjacent anomalous magnetic anomalies. These geophysical anomalies and their relationship to geology are very similar to the geophysical anomalies encountered at the B26 Deposit.


Contingency Drilling


Drilling on this zone will be contingent on the receipt of favourable results from planned downhole and surface geophysical surveys.


Qualified Person


The technical content in this press release was reviewed and certified by Pierre Guay, Imperial's VP Exploration, a Professional Geoscientist and Qualified Person as defined by NI 43-101.


ABOUT IMPERIAL MINING GROUP LTD.


Imperial is a Canadian mineral exploration and development company focussed on the advancement of its copper-zinc, gold and technology metals properties in Québec. Imperial is publicly listed on the TSX Venture Exchange as “IPG” and is led by an experienced team of mineral exploration and development professionals with a strong track record of mineral deposit discovery in numerous metal commodities.


ABOUT SOQUEM INC.


SOQUEM, a subsidiary of Ressources Québec, is a leading player in mineral exploration in Québec. Its mission is to explore, discover and develop mining properties in Québec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other minerals.


For further information please contact:









Peter J. Cashin
President and Chief Executive Officer
Phone: +1 (514) 360-0571
Email: info@imperialmgp.com
CHF Capital Markets
Cathy Hume, CEO
Phone: +1 (416) 868-1079 x231
Email: cathy@chfir.com

Website: www.imperialmgp.com ; Twitter: @imperial_mining ; Facebook: Imperial Mining Group


This press release may contain forward-looking statements relating to the Company’s operations or to its business environment. Such statements are based on the Company’s operations, estimates, forecasts, and projections, but are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or control. Several factors could cause actual outcomes and results to differ materially from those expressed. These factors include those set forth in the corporate filings. Although any such forward-looking statements are based upon what management believes to be reasonable assumptions, the Company cannot guarantee that actual results will be consistent with these forward-looking statements. In addition, the Company disclaims any intention or obligation to update or revise any forward-looking statements, for any reason. We also do not commit in any way to guarantee that we will continue reporting on items or issues that arise. Investors are cautioned that this press release contains quoted historical exploration results. These are derived from filed assessment reports and compiled from governmental databases. The Company and a QP have not independently verified and make no representations as to the accuracy of historical exploration results: these results should not be relied upon. Selected highlight results may not be indicative of average grades. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Figures accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/7c2a6e87-c50e-4465-9a8f-f314b18c15ad
https://www.globenewswire.com/NewsRoom/AttachmentNg/a04ec91e-b33c-4949-b67c-257ffa17b47a


Primary Logo



Figure 1



Carheil-Brouillan Project Location Map, Quebec



Figure 2



Carheil Project Proposed Work Program 2020, Quebec



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8020 Admin

7 days ago

8020 Admin posted a press release Imperial Mining Completes Project Planning for a Winter 2020 Diamond Drilling Program, Opawica Gold Property, Quebec in IMPERIAL MINING GROUP LTD.

MONTREAL, Jan. 07, 2020 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG) is pleased to announce that geophysical and geological data compilation for the Opawica Gold project has been completed and has identified important gold targets for a 1,500-m diamond drilling program during the Winter 2020 period.


The drilling will follow-up on areas of historical drilling from the Central Zone target area which returned up to 6.9 g/t gold (Au) over 3.8 m and 87.7 g/t Au over 1.5 m. The Central Zone has never been drill-tested below the 125 m vertical level and is open along strike and at depth.


The 100%-owned Opawica gold property is located 20 km east of Desmaraisville and is accessible via Highway 113 from Val d'Or to Chibougamau, Quebec, and by a network of forestry roads (Figure 1).


GROUND MAGNETIC GEOPHYSICAL SURVEY


During Fall 2019, a GPS-positioned ground magnetic survey was completed on the property over the grid in which the OreVision™ Induced Polarization (IP) survey (see Press Release: November 7, 2018) was previously carried out by Abitibi Geophysics. This new ground magnetic survey was performed by Abitibi Geophysics of Val d’Or, QC and a total of 68-km was completed by a two-men crew on October 20th, 2019.


Results of this survey provide more precise definition of the gold bearing structures on the property. The NE-trending deformation corridor can be traced for over 2.2 km and two highly magnetic features are identified within this corridor. From the magnetometer data, magnetic lows were identified in the western and eastern parts of the study grid, interpreted to be related to gold mineralization alteration zones. Interestingly, some of these interpreted magnetic features, within the deformation corridor, coincide with highly anomalous IP axis interpreted from the previous OreVision™ IP survey.


3D GEOLOGICAL MODEL


The 3D geological model was completed by Geologica Group Conseil of Val d’Or, QC in November 2019. All previous boreholes were compiled with an emphasis on the modelling of the quartz-carbonate veins, gold-related sulphide mineralization and the various alteration zone types described in the historical drillhole records.


This model was focused on the Central Gold Zone, characterized in historical drilling as a 75-150 m wide deformation and alteration corridor consisting of several shear zones with strong, pervasive carbonate, sericite, and fuchsite alteration. The mineralization is characterized as fine-grained disseminated pyrite and quartz veinlets with gold and silver and occasional visible gold (VG). Results of the new model shows that the mineralization and quartz veins and veinlets might have a shallower dip to the north then previously interpreted. The model was developed by machine learning techniques, taking in consideration of favourable geology, structure, alteration intensity and presence of anomalous gold. This work led to the identification of two significant target areas in a “Heat Map”: the known “Central Gold Zone” and a new target area to the west, the “New West Zone” (see Figure 2).


WINTER 2020 DIAMOND DRILL PROGRAM


Imperial Mining Group plans to initiate a 1,500 m diamond drill program in early January 2020. The drilling contractor for the program will be Orbite Garant of Val d’Or, Quebec. All analytical work will be undertaken by AGAT Laboratories, also of Val d’Or. Between 4 to 6 diamond drill holes will be completed during this phase of drilling.


Drilling will be carried out on the two areas identified from Imperial’s modeling efforts. These targets were also defined by using an automatic predictive method known as CET Grid Analysis. This method highlights the zones of high, gold-favourable structural complexity using lineaments automatically mapped within the total magnetic field reduced to pole as well as favourable geology and geochemistry. The program is anticipated to be completed by mid-February 2020.


QUALIFIED PERSON


The technical content in this press release was provided and certified by Pierre Guay, P. Geo., Imperial's Vice-President, Exploration, and Qualified Person as defined by NI 43-101.


ABOUT IMPERIAL MINING GROUP LTD.


Imperial is a Canadian mineral exploration and development company focussed on the advancement of its copper-zinc, gold and technology metals properties in Québec. Imperial is publicly listed on the TSX Venture Exchange as “IPG” and is led by an experienced team of mineral exploration and development professionals with a strong track record of mineral deposit discovery in numerous metal commodities.


For further information please contact:









Peter J. Cashin
President and Chief Executive Officer
Phone: +1 (514) 360-0571
Email: info@imperialmgp.com
CHF Capital Markets
Cathy Hume, CEO
Phone: +1 (416) 868-1079 x231
Email: cathy@chfir.com

Website: www.imperialmgp.com ; Twitter: @imperial_mining ; Facebook: Imperial Mining Group


This press release may contain forward-looking statements relating to the Company’s operations or to its business environment. Such statements are based on the Company’s operations, estimates, forecasts, and projections, but are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or control. Several factors could cause actual outcomes and results to differ materially from those expressed. These factors include those set forth in the corporate filings. Although any such forward-looking statements are based upon what management believes to be reasonable assumptions, the Company cannot guarantee that actual results will be consistent with these forward-looking statements. In addition, the Company disclaims any intention or obligation to update or revise any forward-looking statements, for any reason. We also do not commit in any way to guarantee that we will continue reporting on items or issues that arise. Investors are cautioned that this press release contains quoted historical exploration results. These are derived from filed assessment reports and compiled from governmental databases. The Company and a QP have not independently verified and make no representations as to the accuracy of historical exploration results: these results should not be relied upon. Selected highlight results may not be indicative of average grades.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6e37e884-ad23-46c9-99b9-ee4ade3e39cf
Figure 2 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5aa0dbc4-fad4-4a11-9d19-954f8341f6f2



Primary Logo



Figure 1



Opawica Gold Project, Location Map, Quebec



Figure 2



Opawica Gold Project Target “Heat” Map, 2020 Diamond Drill Areas



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8020 Admin

15 days ago

8020 Admin posted a press release Imperial Mining Announces Closing of Private Placement and Grant of Options in IMPERIAL MINING GROUP LTD.


MONTREAL, Dec. 30, 2019 /CNW/ - Imperial Mining Group Ltd. ("Imperial" or the "Corporation") (TSX VENTURE: IPG) is pleased to announce that it closed a non-brokered private placement today (the "Offering") of 5,436,834 shares on a "flow-though" basis at a prices of $0.06 per share and 300,000 units (each, a "Unit") at a price of $0.05 per Unit for gross proceeds $341,210. Each Unit is comprised of one (1) common share (each a "Share") and one Share purchase warrant, with each warrant entitling the holder to acquire one (1) additional Share of the Corporation at a price of $0.10 until December 30, 2021.


The Corporation will use the proceeds of the Offering for exploration work on its properties and other corporate purposes.


In connection with the Offering, the Corporation paid in finders' fees a total of $19,550 in cash and issued 329,345 Share purchase warrants of the Corporation, each entitling to acquire one (1) Share until December 30, 2021 at an exercise price of $0.10 per Share.


All securities issued pursuant to the Offering are subject to the applicable statutory hold period ending March 1, 2020. The Offering is subject to the final approval of the TSX Venture Exchange.


The Corporation also announces has granted an aggregate of 3,100,000 incentive stock options to certain directors, officers, employees, and consultants of the Corporation in accordance with the Corporation's stock option plan today.


The options are exercisable at a price of $0.06 per share for a period of five years from the date of grant in accordance with their vesting provisions.  The options are subject to the approval of the TSX Venture Exchange.


Mr. Martin Nicoletti, CFO of the Corporation, through Corporation Financière SKTM Ltée, acquired Shares in the Offering and such transaction is considered to be a "related party transactions" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any Shares issued to or the consideration paid exceeded 25% of the Corporation's market capitalization.


ABOUT IMPERIAL MINING GROUP LTD.


Imperial is a new Canadian mineral exploration and development company focussed on the advancement of its copper-zinc, gold and technology metals properties in Québec. Imperial is publicly listed on the TSX Venture Exchange as "IPG" and is led by an experienced team of mineral exploration and development professionals with a strong track record of mineral deposit discovery in numerous metal commodities.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


SOURCE Imperial Mining Group Ltd.


View original content: http://www.newswire.ca/en/releases/archive/December2019/30/c9045.html



Peter J. Cashin, President and Chief Executive Officer, Tel: +1 (514) 360-0571, Email: info@imperialmgp.com , URL: www.imperialmgp.com 

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Media Relations

9 months ago

Media Relations posted an update Mr Peter Cashin, President presents at event in Amos in IMPERIAL MINING GROUP LTD.

Yesterday in Amos QC, Mr. Peter Cashin, President of Imperial Mining presenting their latest development on the company’s Scandium project in Québec. The event was hosted by MI3 Communications of Montreal


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Media Relations

9 months ago

Media Relations posted an update Peter Cashin, President of Imperial Mining in IMPERIAL MINING GROUP LTD.

Rare metals Scandium! Mr. Peter Cashin, President of Imperial Mining tonight in Rouyn-Noranda QC, presents to a full audience the particularities of Imperial Mining project in Quebec.


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Media Relations

9 months ago

Media Relations posted an update Mr. Peter Cahsin in Val d'Or QC in IMPERIAL MINING GROUP LTD.

Hosted by MI3 Communications of Montreal last night in Val d'Or QC, at the Forestel Restaraunt, Mr. Peter Cashin, President of Imperial Mining, presenting the Scandium project in Québec. IPG. TSXV


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Media Relations posted an update in IMPERIAL MINING GROUP LTD.

10 months ago

Imperial Mining Group Presentation - Growing the Scandium Market:
Crater Lake Scandium Project,
Quebec
PDAC 2019, Toronto, Ontario ‐ March 4th, 2019


Thumb ipg pp

https://imperialmgp.com/site/assets/files/4998/imperial_sc_pdac_overview_-_mar_2019.pdf

Imperial Mining Group Ltd.

publicPublic Group

Imperial is a Canadian-based exploration and development company focussed on the advancement of its copper-zinc, gold and technology metals properties in Québec. Imperial is publicly listed on the TSX Venture Exchange as “IPG” and is led by an exceptional team of exploration and development profe...

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Imperial Mining Group Ltd.

publicPublicGroup

Imperial is a Canadian-based exploration and development company focussed on the advancement of its copper-zinc, gold......

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8020 Admin

9 hours ago

8020 Admin posted a press release Imperial Mining and SOQUEM Commence $1 million Geophysical and Diamond Drilling Program at the Carheil Copper-Zinc Project, Quebec in IMPERIAL MINING GROUP LTD.

Highlights:



  • A minimum of 3,500 m of diamond drilling will test seven high-priority copper-zinc-silver-gold targets areas across the Carheil property.



  • Downhole geophysics and follow-up drilling will test important results returned from the AG1 (1.58% zinc, 524.1 g/t silver over 10.5 m) and Puiseaux (3.06% copper, 18.2 g/t silver over 4.9 m) target areas.



MONTREAL, Jan. 14, 2020 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. (TSX VENTURE: IPG) is pleased to announce the start of its Fall 2019 and Winter 2020 exploration program on the Carheil Copper-Zinc project in the Abitibi region of northwestern Québec (the “Project”). The $1 million program, operated by SOQUEM, will involve downhole Time-Domain Electromagnetic (TDEM) surveys, 28 line-km of induced polarization (IP) geophysics and a contingent 52 line-km of IP survey depending on the Winter 2020 diamond drill results. A minimum of 3,500 meters of diamond drilling is planned to test several high potential Copper (Cu), Zinc (Zn), Silver (Ag) and Gold (Au) targets west of the previously-defined B26 basemetal horizon, located south of the past-producing Selbaie Mine (historical past-production 53.0 Mt @ 1.9% Zn, 1.0% Cu, 40.7 g/t Ag 0.6 g/t Au).


The Project is located in Brouillan and Carheil townships (Figure 1), 5 km southwest of the past-producing Selbaie Mine. The property consists of 113 contiguous claims covering approximately 53.7 km2. Imperial holds a 100% interest in the Project subject to an option agreement signed in 2017 where SOQUEM can earn a 50% interest in the Project by carrying out exploration work totaling $3.750 million over four (4) years. On completion of their 2020 exploration intentions, SOQUEM will have incurred approximately $2.75 million in cumulative exploration expenditures on the property.


Downhole TDEM Survey


A downhole Time-Domain EM (TDEM) survey commence this month and is expected to be completed by mid-December 2019. Abitibi Geophysics of Val d’Or, Québec, is the contractor for this program. The downhole TDEM survey will be conducted in two different areas to search for off-hole conductive bodies potentially related to a volcanogenic massive sulphide (“VMS”) body.


The first area, the AG1 polymetallic Zone, is located at the southeast end of the property (Figure 2). Previous drilling in this zone identified a Zn, Ag, Cu and Au mineralized VMS system with intersections grading up to 1.58% Zn and 524.1 g/t Ag over 10.5m. However, limited downhole geophysics was performed in those boreholes. A total of four (4) holes will be surveyed at the AG1 Zone to explore for potential extensions of the mineralization.


The second area, the Puiseaux Area, is located at the northeastern end of the property (Figure 2). During the 2019 Winter drill program, Soquem drilled a total of five holes along the southern limit of the property. Two boreholes intersected VMS style mineralization and alteration with the best intersection grading up to 3.06% Cu, 18.2 g/t Ag, 0.1 g/t Au over 4.9m related to a sulphide stringer mineralized zone. A total of three (3) holes will be completed at the Puiseaux Area.


Linecutting and 3D-IP Geophysical Surveys


SOQUEM will conduct a total of approximately 28 line-km of grid preparation for an IP survey planned for February 2020. An additional 52 line-km of grid and IP survey could be performed if excellent results are obtained from the drilling on Zones 1 and 2 (see Diamond Drill Program). Contractors for these surveys have not been selected yet.


The IP surveys will cover two different areas. The first area is located at the Puiseaux Area where VMS style mineralization and alteration were encountered (Figure 3). A total of 28 line-km of IP will be conducted to cover an exhalative horizon interpreted to be the westward extension of the B26 horizon. The second area, located east of the previously surveyed 2018 IP grid, shows strongly favorable VMS related geochemistry and geology. A total of 52 line-km of IP could be performed to cover a little-explored area.


Diamond Drilling Program


SOQUEM also plans to initiate a 3,500 to 5,500-m diamond drill program in January 2020. The contractor for the drill program has not been selected yet.


A total of nine (9) diamond drill targets, located within six (6) zones, have been selected for its geological, geochemical and geophysical characteristics favourable for Cu-Zn VMS deposit formation. The diamond drilling will evaluate a total of six (6) zones within the previously surveyed 2018 IP grid (Figure 2).


Zones 1 and 2


Drilling will test favourable geology, strong base-metal style alteration and anomalous pathfinder element enrichments associated with favourable geophysics. Historical drilling in these zones intersected Cu-Zn VMS exhalative horizons, interpreted to be the western extension of the B26 deposit horizon (SOQUEM 43-101 Mineral Resource Estimate - March 4, 2018 - Indicated resource of 6.97 Mt grading 1.32 % Cu, 1.80 % Zn, 0.60 g/t Au and 43 g/t Ag and Inferred resource of 4.41 Mt grading 2.03 % Cu, 0.22 % Zn, 1.07 g/t Au and 9 g/t Ag).


Zone 3


Drilling will evaluate a strong IP anomaly believed to be the western continuation of Zones 2 listed above. Historical drilling in this area has intersected minor disseminated sulphide mineralization but did not explain the target IP anomaly.


Zone 4


Drilling will test a high chargeability IP and a low resistivity anomaly southeast of Zones 1 & 2. Nearby historical drilling intersected Cu mineralization in sedimentary-exhalative units favourable for base metal deposits.


Zone 5


Drilling will evaluate a 2.0 km long first-priority IP anomaly which is potentially the eastern extension of the D2 gold-silver zone. Previous drilling on the D2 (see Press Release – April 18, 2018) returned 31.4 g/t gold (Au) and 132.52 g/t silver (Ag) over 1.45 m and 8.92 g/t Au over 5.1 m. Historical drilling in this area intersected massive sulphide horizons that were never followed-up.


Zone 6


Drilling on this Zone will test a high chargeability IP and adjacent anomalous magnetic anomalies. These geophysical anomalies and their relationship to geology are very similar to the geophysical anomalies encountered at the B26 Deposit.


Contingency Drilling


Drilling on this zone will be contingent on the receipt of favourable results from planned downhole and surface geophysical surveys.


Qualified Person


The technical content in this press release was reviewed and certified by Pierre Guay, Imperial's VP Exploration, a Professional Geoscientist and Qualified Person as defined by NI 43-101.


ABOUT IMPERIAL MINING GROUP LTD.


Imperial is a Canadian mineral exploration and development company focussed on the advancement of its copper-zinc, gold and technology metals properties in Québec. Imperial is publicly listed on the TSX Venture Exchange as “IPG” and is led by an experienced team of mineral exploration and development professionals with a strong track record of mineral deposit discovery in numerous metal commodities.


ABOUT SOQUEM INC.


SOQUEM, a subsidiary of Ressources Québec, is a leading player in mineral exploration in Québec. Its mission is to explore, discover and develop mining properties in Québec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other minerals.


For further information please contact:









Peter J. Cashin
President and Chief Executive Officer
Phone: +1 (514) 360-0571
Email: info@imperialmgp.com
CHF Capital Markets
Cathy Hume, CEO
Phone: +1 (416) 868-1079 x231
Email: cathy@chfir.com

Website: www.imperialmgp.com ; Twitter: @imperial_mining ; Facebook: Imperial Mining Group


This press release may contain forward-looking statements relating to the Company’s operations or to its business environment. Such statements are based on the Company’s operations, estimates, forecasts, and projections, but are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or control. Several factors could cause actual outcomes and results to differ materially from those expressed. These factors include those set forth in the corporate filings. Although any such forward-looking statements are based upon what management believes to be reasonable assumptions, the Company cannot guarantee that actual results will be consistent with these forward-looking statements. In addition, the Company disclaims any intention or obligation to update or revise any forward-looking statements, for any reason. We also do not commit in any way to guarantee that we will continue reporting on items or issues that arise. Investors are cautioned that this press release contains quoted historical exploration results. These are derived from filed assessment reports and compiled from governmental databases. The Company and a QP have not independently verified and make no representations as to the accuracy of historical exploration results: these results should not be relied upon. Selected highlight results may not be indicative of average grades. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Figures accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/7c2a6e87-c50e-4465-9a8f-f314b18c15ad
https://www.globenewswire.com/NewsRoom/AttachmentNg/a04ec91e-b33c-4949-b67c-257ffa17b47a


Primary Logo



Figure 1



Carheil-Brouillan Project Location Map, Quebec



Figure 2



Carheil Project Proposed Work Program 2020, Quebec



!
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8020 Admin

7 days ago

8020 Admin posted a press release Imperial Mining Completes Project Planning for a Winter 2020 Diamond Drilling Program, Opawica Gold Property, Quebec in IMPERIAL MINING GROUP LTD.

MONTREAL, Jan. 07, 2020 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG) is pleased to announce that geophysical and geological data compilation for the Opawica Gold project has been completed and has identified important gold targets for a 1,500-m diamond drilling program during the Winter 2020 period.


The drilling will follow-up on areas of historical drilling from the Central Zone target area which returned up to 6.9 g/t gold (Au) over 3.8 m and 87.7 g/t Au over 1.5 m. The Central Zone has never been drill-tested below the 125 m vertical level and is open along strike and at depth.


The 100%-owned Opawica gold property is located 20 km east of Desmaraisville and is accessible via Highway 113 from Val d'Or to Chibougamau, Quebec, and by a network of forestry roads (Figure 1).


GROUND MAGNETIC GEOPHYSICAL SURVEY


During Fall 2019, a GPS-positioned ground magnetic survey was completed on the property over the grid in which the OreVision™ Induced Polarization (IP) survey (see Press Release: November 7, 2018) was previously carried out by Abitibi Geophysics. This new ground magnetic survey was performed by Abitibi Geophysics of Val d’Or, QC and a total of 68-km was completed by a two-men crew on October 20th, 2019.


Results of this survey provide more precise definition of the gold bearing structures on the property. The NE-trending deformation corridor can be traced for over 2.2 km and two highly magnetic features are identified within this corridor. From the magnetometer data, magnetic lows were identified in the western and eastern parts of the study grid, interpreted to be related to gold mineralization alteration zones. Interestingly, some of these interpreted magnetic features, within the deformation corridor, coincide with highly anomalous IP axis interpreted from the previous OreVision™ IP survey.


3D GEOLOGICAL MODEL


The 3D geological model was completed by Geologica Group Conseil of Val d’Or, QC in November 2019. All previous boreholes were compiled with an emphasis on the modelling of the quartz-carbonate veins, gold-related sulphide mineralization and the various alteration zone types described in the historical drillhole records.


This model was focused on the Central Gold Zone, characterized in historical drilling as a 75-150 m wide deformation and alteration corridor consisting of several shear zones with strong, pervasive carbonate, sericite, and fuchsite alteration. The mineralization is characterized as fine-grained disseminated pyrite and quartz veinlets with gold and silver and occasional visible gold (VG). Results of the new model shows that the mineralization and quartz veins and veinlets might have a shallower dip to the north then previously interpreted. The model was developed by machine learning techniques, taking in consideration of favourable geology, structure, alteration intensity and presence of anomalous gold. This work led to the identification of two significant target areas in a “Heat Map”: the known “Central Gold Zone” and a new target area to the west, the “New West Zone” (see Figure 2).


WINTER 2020 DIAMOND DRILL PROGRAM


Imperial Mining Group plans to initiate a 1,500 m diamond drill program in early January 2020. The drilling contractor for the program will be Orbite Garant of Val d’Or, Quebec. All analytical work will be undertaken by AGAT Laboratories, also of Val d’Or. Between 4 to 6 diamond drill holes will be completed during this phase of drilling.


Drilling will be carried out on the two areas identified from Imperial’s modeling efforts. These targets were also defined by using an automatic predictive method known as CET Grid Analysis. This method highlights the zones of high, gold-favourable structural complexity using lineaments automatically mapped within the total magnetic field reduced to pole as well as favourable geology and geochemistry. The program is anticipated to be completed by mid-February 2020.


QUALIFIED PERSON


The technical content in this press release was provided and certified by Pierre Guay, P. Geo., Imperial's Vice-President, Exploration, and Qualified Person as defined by NI 43-101.


ABOUT IMPERIAL MINING GROUP LTD.


Imperial is a Canadian mineral exploration and development company focussed on the advancement of its copper-zinc, gold and technology metals properties in Québec. Imperial is publicly listed on the TSX Venture Exchange as “IPG” and is led by an experienced team of mineral exploration and development professionals with a strong track record of mineral deposit discovery in numerous metal commodities.


For further information please contact:









Peter J. Cashin
President and Chief Executive Officer
Phone: +1 (514) 360-0571
Email: info@imperialmgp.com
CHF Capital Markets
Cathy Hume, CEO
Phone: +1 (416) 868-1079 x231
Email: cathy@chfir.com

Website: www.imperialmgp.com ; Twitter: @imperial_mining ; Facebook: Imperial Mining Group


This press release may contain forward-looking statements relating to the Company’s operations or to its business environment. Such statements are based on the Company’s operations, estimates, forecasts, and projections, but are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or control. Several factors could cause actual outcomes and results to differ materially from those expressed. These factors include those set forth in the corporate filings. Although any such forward-looking statements are based upon what management believes to be reasonable assumptions, the Company cannot guarantee that actual results will be consistent with these forward-looking statements. In addition, the Company disclaims any intention or obligation to update or revise any forward-looking statements, for any reason. We also do not commit in any way to guarantee that we will continue reporting on items or issues that arise. Investors are cautioned that this press release contains quoted historical exploration results. These are derived from filed assessment reports and compiled from governmental databases. The Company and a QP have not independently verified and make no representations as to the accuracy of historical exploration results: these results should not be relied upon. Selected highlight results may not be indicative of average grades.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6e37e884-ad23-46c9-99b9-ee4ade3e39cf
Figure 2 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5aa0dbc4-fad4-4a11-9d19-954f8341f6f2



Primary Logo



Figure 1



Opawica Gold Project, Location Map, Quebec



Figure 2



Opawica Gold Project Target “Heat” Map, 2020 Diamond Drill Areas



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8020 Admin

15 days ago

8020 Admin posted a press release Imperial Mining Announces Closing of Private Placement and Grant of Options in IMPERIAL MINING GROUP LTD.


MONTREAL, Dec. 30, 2019 /CNW/ - Imperial Mining Group Ltd. ("Imperial" or the "Corporation") (TSX VENTURE: IPG) is pleased to announce that it closed a non-brokered private placement today (the "Offering") of 5,436,834 shares on a "flow-though" basis at a prices of $0.06 per share and 300,000 units (each, a "Unit") at a price of $0.05 per Unit for gross proceeds $341,210. Each Unit is comprised of one (1) common share (each a "Share") and one Share purchase warrant, with each warrant entitling the holder to acquire one (1) additional Share of the Corporation at a price of $0.10 until December 30, 2021.


The Corporation will use the proceeds of the Offering for exploration work on its properties and other corporate purposes.


In connection with the Offering, the Corporation paid in finders' fees a total of $19,550 in cash and issued 329,345 Share purchase warrants of the Corporation, each entitling to acquire one (1) Share until December 30, 2021 at an exercise price of $0.10 per Share.


All securities issued pursuant to the Offering are subject to the applicable statutory hold period ending March 1, 2020. The Offering is subject to the final approval of the TSX Venture Exchange.


The Corporation also announces has granted an aggregate of 3,100,000 incentive stock options to certain directors, officers, employees, and consultants of the Corporation in accordance with the Corporation's stock option plan today.


The options are exercisable at a price of $0.06 per share for a period of five years from the date of grant in accordance with their vesting provisions.  The options are subject to the approval of the TSX Venture Exchange.


Mr. Martin Nicoletti, CFO of the Corporation, through Corporation Financière SKTM Ltée, acquired Shares in the Offering and such transaction is considered to be a "related party transactions" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any Shares issued to or the consideration paid exceeded 25% of the Corporation's market capitalization.


ABOUT IMPERIAL MINING GROUP LTD.


Imperial is a new Canadian mineral exploration and development company focussed on the advancement of its copper-zinc, gold and technology metals properties in Québec. Imperial is publicly listed on the TSX Venture Exchange as "IPG" and is led by an experienced team of mineral exploration and development professionals with a strong track record of mineral deposit discovery in numerous metal commodities.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


SOURCE Imperial Mining Group Ltd.


View original content: http://www.newswire.ca/en/releases/archive/December2019/30/c9045.html



Peter J. Cashin, President and Chief Executive Officer, Tel: +1 (514) 360-0571, Email: info@imperialmgp.com , URL: www.imperialmgp.com 

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Media Relations

9 months ago

Media Relations posted an update Mr Peter Cashin, President presents at event in Amos in IMPERIAL MINING GROUP LTD.

Yesterday in Amos QC, Mr. Peter Cashin, President of Imperial Mining presenting their latest development on the company’s Scandium project in Québec. The event was hosted by MI3 Communications of Montreal


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Media Relations

9 months ago

Media Relations posted an update Peter Cashin, President of Imperial Mining in IMPERIAL MINING GROUP LTD.

Rare metals Scandium! Mr. Peter Cashin, President of Imperial Mining tonight in Rouyn-Noranda QC, presents to a full audience the particularities of Imperial Mining project in Quebec.


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Media Relations

9 months ago

Media Relations posted an update Mr. Peter Cahsin in Val d'Or QC in IMPERIAL MINING GROUP LTD.

Hosted by MI3 Communications of Montreal last night in Val d'Or QC, at the Forestel Restaraunt, Mr. Peter Cashin, President of Imperial Mining, presenting the Scandium project in Québec. IPG. TSXV


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Media Relations posted an update in IMPERIAL MINING GROUP LTD.

10 months ago

Imperial Mining Group Presentation - Growing the Scandium Market:
Crater Lake Scandium Project,
Quebec
PDAC 2019, Toronto, Ontario ‐ March 4th, 2019


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https://imperialmgp.com/site/assets/files/4998/imperial_sc_pdac_overview_-_mar_2019.pdf