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MI3 Financial Communications Inc.

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MI3 is a Montreal-based new-age financial communications company geared for today’s fast-paced global economy. MI3’s ......

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Imperial Intersects 113.9 m and 95.5 m of Strong Scandium and Rare Earth Mineralization at Crater Lake


Imperial Intersects 113.9 m and 95.5 m of Strong Scandium and Rare Earth Mineralization at Crater Lake

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MEDIA RELATIONS
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Highlights:



  • Remaining drill results from the winter drilling continue to return impressive grades of 95.5 m grading 314 g/t scandium oxide (Sc2O3), including 16.3 m grading 353 g/t Sc2O3 and 113.9 m grading 310 Sc2O3, including 354 g/t Sc2O3 over 12.0 m




  • Elevated levels of total rare earth oxides plus yttrium (TREO+Y) of up to 0.622% characterize the scandium-bearing horizon.




  • This broad scandium and rare earth mineralized package can be traced to surface, making it potentially amenable to open pit mining.




  • A new mineralized unit has also been identified 70 m east of the main horizon requiring further evaluation.



MONTREAL, June 18, 2019 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG) is pleased to announce that the final three holes from the 2019 winter drilling program all intersected significant widths and grades of  scandium and rare earths (REE) mineralization in the TG Zone (TGZ) target, Crater Lake project, northeastern  Québec.


A five-hole diamond drilling program for 1,014 m was completed on April 20, 2019 over the TG Zone target to evaluate the scandium potential of a high-intensity magnetic anomaly (Figure 1, see Press Release: May 22, 2019). The new drilling is located 600 m north of a historical drill hole which had returned scandium grades of up to 506 g/t Sc2O3 over 19.0m along the western side of the Crater Lake intrusion on the same magnetic trend. The current results represent the remaining significant analyses from the drilling program. The diamond drill contractor was Avataa Rouillier Drilling Inc. of Amos, Quebec.


“The winter drilling results for the Crater Lake property continues to exceed all expectations, as they confirm wide intervals of scandium and TREO+Y at the TGZ target,” said Peter Cashin, Imperial’s President & Chief Executive Officer. “This new drill section 100N, fully 400 m south of the previously announced results of Section 500N, is now defining an important zone of mineralization that can be traced to surface, making it a likely low-cost, open pit mining opportunity. Using a Sc2O3 price of $1,500US per kg, these scandium results have a gold (Au) equivalent value of up to 12.4 g/t (0.40 oz/t), assuming the recent gold price close of $1,330US per ounce.”


Table 1 - Crater Lake Drilling Best Assay Results:


 


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=IPG%3ACC&qmodStoryID=8240167070342741 

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Thumb 8020 media relations
MEDIA RELATIONS
Moderator
Highlights:
  • Remaining drill results from the winter drilling continue to return impressive grades of 95.5 m grading 314 g/t scandium oxide (Sc2O3), including 16.3 m grading 353 g/t Sc2O3 and 113.9 m grading 310 Sc2O3, including 354 g/t Sc2O3 over 12.0 m

  • Elevated levels of total rare earth oxides plus yttrium (TREO+Y) of up to 0.622% characterize the scandium-bearing horizon.

  • This broad scandium and rare earth mineralized package can be traced to surface, making it potentially amenable to open pit mining.

  • A new mineralized unit has also been identified 70 m east of the main horizon requiring further evaluation.

MONTREAL, June 18, 2019 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG) is pleased to announce that the final three holes from the 2019 winter drilling program all intersected significant widths and grades of  scandium and rare earths (REE) mineralization in the TG Zone (TGZ) target, Crater Lake project, northeastern  Québec.

A five-hole diamond drilling program for 1,014 m was completed on April 20, 2019 over the TG Zone target to evaluate the scandium potential of a high-intensity magnetic anomaly (Figure 1, see Press Release: May 22, 2019). The new drilling is located 600 m north of a historical drill hole which had returned scandium grades of up to 506 g/t Sc2O3 over 19.0m along the western side of the Crater Lake intrusion on the same magnetic trend. The current results represent the remaining significant analyses from the drilling program. The diamond drill contractor was Avataa Rouillier Drilling Inc. of Amos, Quebec.

“The winter drilling results for the Crater Lake property continues to exceed all expectations, as they confirm wide intervals of scandium and TREO+Y at the TGZ target,” said Peter Cashin, Imperial’s President & Chief Executive Officer. “This new drill section 100N, fully 400 m south of the previously announced results of Section 500N, is now defining an important zone of mineralization that can be traced to surface, making it a likely low-cost, open pit mining opportunity. Using a Sc2O3 price of $1,500US per kg, these scandium results have a gold (Au) equivalent value of up to 12.4 g/t (0.40 oz/t), assuming the recent gold price close of $1,330US per ounce.”

Table 1 - Crater Lake Drilling Best Assay Results:

 

Read more here: https://quotemedia.com/portal/quote/?qm_symbol=IPG%3ACC&qmodStoryID=8240167070342741 


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