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Imperial Metals Corporation (III.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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4.7900-0.0900 (-1.84%)
As of 10:59AM EST. Market open.
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Previous Close4.8800
Open4.8500
Bid4.7700 x 0
Ask4.8400 x 0
Day's Range4.7500 - 4.9400
52 Week Range0.9900 - 6.2500
Volume28,578
Avg. Volume64,768
Market Cap615.467M
Beta (5Y Monthly)1.54
PE Ratio (TTM)N/A
EPS (TTM)-0.0900
Earnings DateNov. 10, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateAug. 30, 2000
1y Target Est5.50
  • Imperial Update on 2020 Greenfield Exploration at Giant Copper and LJ Projects
    GlobeNewswire

    Imperial Update on 2020 Greenfield Exploration at Giant Copper and LJ Projects

    VANCOUVER, British Columbia, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) provides an update on greenfield exploration completed in 2020 at the Giant Copper and LJ properties.Giant Copper Poly-Metallic Property: Drillhole returns 20.15 g/t gold over 3.11 metresThe Giant Copper property is located 37 kilometres south-east of Hope. Portable packsack diamond drilling was completed on the Goldstone gold discovery. Results confirmed and extended the Goldstone gold occurrence discovered and sampled by hand trenching in 2017. Results in 2017 returned 12.8 g/t gold over a 10 metre width. This discovery is the first primary gold occurrence in the 100 year history of exploration on the property. A geological team used a portable diamond drill, and set up on the Goldstone gold outcrop, drilling 41 millimetre BQ sized core in a series of six holes. The drilling covered an area of approximately 10 square metres. The Goldstone occurrence is located 350 metres south of the historic 15-level portal, which allows for easy underground access.In addition, one hole drilled into a new quartz vein discovery exposed in a recently constructed logging road in the vicinity of the 10-level portal, assayed 3.44 g/t gold and 54.5 g/t silver over 1.22 metres. All the drill holes were terminated by caving or the depth limitations of the portable diamond drill and ended in the mineralization.Hole IDFrom (m)To (m)Width (m)Gold (g/t) GC-20-0-101.001.0015.20 GC-20-0-206.106.106.22 GC-20-0-30.613.052.449.45 GC-20-0-41.164.273.1120.15 GC-20-0-503.053.0511.76 The Goldstone discovery is hosted by a Breccia within the Early to Middle Jurassic Ladner Group. The Ladner Group sits unconformably to the east of the Early Jurassic Hozameen Group, separated by the Hozameen fault. The Ladner Group is distinguished from the other sediments by its rusty appearance on weathered surfaces due to its relatively high pyrite content. The tourmaline breccia pipes, which host the historic copper/silver/gold mineralization at the Giant Copper property, are all confined to the Ladner Group. Significant assay intervals reported represent apparent widths. Insufficient geological information is available to confirm the geological model and true width of significant assay intervals.In 1995, following a public review process, the Province designated almost 30,000 hectares as the Skagit Valley Provincial Park, while allowing mineral exploration in 2,500 hectares. Giant Copper claims are located within the area allowing for mineral exploration. “Environment Lands and Parks Minister Moe Sihota and Energy, Mines and Petroleum Resources Minister Anne Edwards announced the decision that balances environmental needs and economic opportunities.” Minister Edwards said, “The mining industry now has the green light to begin planning for the future.”We are awaiting authorization of a Notice of Work to complete follow up drilling in 2021 on this exciting discovery.L J Zinc-Lead-Silver Property: Channel sample 5.53% zinc, 3.45% lead and 4.43 g/t silver over 8.4 metresThe LJ property is located 35 kilometres north-northeast of Revelstoke in the Selkirk Mountains, on a north slope of the ridge separating Carnes Creek to the south and McKinnon Creek to the north. Diamond blade saw channel sampling was completed over new extensions of the massive sulfide occurrence recently exposed by glacial melt back that has occurred since the first discovery was made in 2016.Geologists and field technicians completed a series of diamond blade saw channel samples over a width of 90 metres in an east-west direction where possible, perpendicular to the strike direction. The area was pressure washed to expose bedrock across the strike where possible. Some areas were not sampled where the glacial moraines were too extensive to expose bedrock or still ice covered. Two parallel 6 centimetre deep cuts, separated by 6 centimetres of rock, were cut. Then a sample was chiselled out and placed into individual sample bags. The sampled lengths varied from 0.10 metres to 2.0 metres (refer to website plan map which shows current samples, as well as samples collected in 2016).Significant Saw Channel IntervalsHole IDFrom (m)To (m)Width (m)Zinc (%)Lead (%)Silver (g/t) T-1016.7016.702.771.231.81 Incl.1.254.703.456.314.047.03 T-205.805.804.742.878.28 Incl.05.005.005.143.128.80 T-3014.8514.853.560.910.34 Incl.3.658.655.007.771.660.40 and12.7514.852.105.491.471.43 T-407.707.704.061.412.48 Incl.2.404.301.9014.844.239.00 T-508.408.405.533.454.43 Incl04.604.607.543.202.91 T-601.401.405.001.073.00 Note: True Thickness estimated to be 75% of the sampled lengthThe mineralization at LJ consists of stratiform, disseminated to massive sulphide (pyrite-sphalerite-galena-pyrrhotite), interpreted to have formed by sedimentary exhalative processes.  The mineralized horizons occur as laminae within grey to black graphitic phyllites of the Index Formation, part of the mainly metasedimentary Lower Paleozoic Lardeau Group.  The property lies along the western flank of the Middle Jurassic Selkirk Fan structure, which is characterized by a stack of north-northwest trending, west-verging thrusts and tight to isoclinal overturned folds, with axial planes and fold limbs dipping gently to steeply east.  The mineralized Index Formation phyllites at LJ are in the hinge and lower, upright limb of a tight, overturned syncline bounded by Cambrian Badshot Formation marble outcropping to the east and west.  The mineralization is open down the fold axis, which plunges gently south-southeast into the ridge between McKinnon Creek and Carnes Creek. Jim Miller-Tait, P.Geo., Imperial VP Exploration has reviewed this news release as the designated Qualified Person as defined by National Instrument 43-101 for the Giant Copper and LJ exploration programs.Giant Copper samples were analysed at Bureau Veritas Mineral Laboratories in Vancouver. All samples were analysed for 36 elements using an Aqua Regia digestion followed by ICP-MS determination. Additional gold analyses were conducted on all samples using a 30 gram fire assay with AAS finish and a 30 gram fire assay with gravimetric finish.LJ samples were analysed at Bureau Veritas Mineral Laboratories in Vancouver. All samples were analysed for 24 elements using a 4-Acid digestion followed by ICP-ES determination. Additional lead (Pb) analysis was conducted on overlimit samples using an Aqua Regia digestion followed by ICP-ES determination. Due to the low number of samples collected in both programs a full QA/QC program using blanks, standards and duplicates was not completed.Plan maps for Giant Copper and LJ are available on imperialmetals.com.About ImperialImperial is a Vancouver based exploration, mine development and operating company with holdings that include the Mount Polley mine (100%), the Huckleberry mine (100%), the Red Chris mine (30%). Imperial also holds a portfolio of 23 greenfield exploration properties in British Columbia. These properties have defined areas of mineralization and clear exploration potential. Management continues to evaluate various opportunities to advance many of these properties.GoldFandora, Churchill-Hiller, Bronson, Cunningham Creek, Lillooet, Pelican, Porcher Island CopperWhiting Creek, Giant Copper, Catface, Sustut, 2 Star/Storey, Balwin-McVicar, Bear, Nak Zinc-Lead-SilverRuddock Creek, Estella, Howser Ridge, Kneb, LJ, Robb Lake, Ghost, Wasi Creek Company ContactsBrian Kynoch | President | 604.669.8959 Jim Miller-Tait | VP Exploration | jim.miller-tait@imperialmetals.com Sabine Goetz | Shareholder Communications | 604.488.2657 | investor@imperialmetals.comCautionary Note Regarding Forward-Looking StatementsCertain information contained in this news release are not statements of historical fact and are “forward-looking” statements. Forward-looking statements relate to future events or future performance and reflect Company management’s expectations or beliefs regarding future events and include, but are not limited to, statements regarding the Company’s expectations with respect to exploration programs at the Giant Copper and LJ properties, including the receipt of required authorizations and expected timing for additional drilling.In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "outlook", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on information currently available to the Company as well as the Company’s current beliefs and assumptions. These factors and assumptions and beliefs and assumptions include, the risk factors detailed from time to time in the Company’s interim and annual financial statements and management’s discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended, many of which are beyond the Company’s ability to control or predict. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and all forward-looking statements in this news release are qualified by these cautionary statements.

  • Red Chris Exploration Intersects High Grade Mineralization to the South
    GlobeNewswire

    Red Chris Exploration Intersects High Grade Mineralization to the South

    VANCOUVER, British Columbia, Dec. 09, 2020 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) reports on the exploration program focused on the discovery of additional zones of higher grade mineralization within the Red Chris porphyry corridor.Eight drill holes totaling 12,652 metres have been completed since September. All drill holes intersected mineralization, except two that were dedicated geotechnical holes. A total of 99,018 metres of drilling from 77 drill holes has been completed since August 2019.At the East Zone, drilling has confirmed the potential for additional high grade mineralization south of the South Boundary Fault. This is a significant discovery that has the potential to expand the known area of the Red Chris Porphyry system as the South Boundary Fault has historically been assumed to define the southern extent of mineralization. Results from RC646, which extended across the fault, returned 606 metres grading 0.37 g/t gold and 0.33% copper from 488 metres, including 70 metres grading 0.58 g/t gold and 0.51% copper from 710 metres. This interval also includes 22 metres grading 1.0 g/t gold and 0.62% copper from 858 metres which is located to the south of the fault. Drilling to define the extent and continuity of this mineralization on the southern side of the South Boundary Fault is underway.Drilling continues to confirm the footprint of the western high grade pod in the East Zone, which was first intersected in RC616. A program of 100-metre spaced holes has been designed to confirm the lateral and vertical extent. Results for step-out hole RC645, located 100 metres below RC625, returned 442 metres grading 0.55 g/t gold and 0.45% copper from 714 metres, including 142 metres grading 0.94 g/t gold and 0.72% copper from 882 metres. Results from step-out hole RC658, located 100 metres above RC616, returned 538 metres grading 0.41 g/t gold and 0.31% copper from 558 metres, including 88 metres grading 0.85 g/t gold and 0.57% copper from 632 metres. Drilling to define the extent and continuity of this high grade pod is now complete and awaiting final results. These discrete pods sit within the East Zone.A second campaign of drilling in the Gully zone was also completed. The results from the Gully Zone indicate that this zone could ultimately support additional mine development. Results from RC641, which tested the continuity in mineralization between historic shallow and more recent deeper drilling, returned 854 metres grading 0.43 g/t gold and 0.30% copper from 66 metres, including 120 metres grading 0.82 g/t gold and 0.87% copper from 612 metres. Results from RC650, located 100 metres above RC603, returned 112 metres grading 0.57 g/t gold and 0.45% copper from 530 metres, including 100 metres grading 0.62 g/t gold and 0.50% copper from 532 metres. Once all results have been received and reviewed, further follow up will be considered for this zone, which is located about 500 metres west of the Main Zone. Drilling is underway in this 500 metre gap between the Main Zone and the Gully Zone to test this largely unexplored area at depth.Significant Red Chris intercepts include:Hole IDFrom (m)To (m)Width (m)Gold (g/t)Copper (%) RC6395708883180.310.27 incl.804814102.60.57 and96412843200.210.18 RC6404887842960.190.19 RC641669208540.430.30 incl.546566201.70.52 incl.6127321200.820.87 incl.648658101.01.1 incl.716728121.01.1 and99012422520.290.16 RC6422926223300.240.17 and77010522820.300.16 RC645512524121.70.18 and71411564420.550.45 incl.88210241420.940.72 incl.9601014541.30.99 RC64648810946060.370.33 incl.710780700.580.51 incl.854884300.970.58 incl.858880221.00.62 RC6472064062000.170.22 and4405501100.320.36 and80011723720.230.34 and11841501.8317.80.150.17 RC6501124263140.190.15 and5306421120.570.45 incl.5326321000.620.50 RC65855810965380.410.31 incl.632720880.850.57 incl.682716341.30.84 and11081263.7155.70.230.26 Jim Miller-Tait, P.Geo., Imperial VP Exploration, is the designated Qualified Person as defined by National Instrument 43-101 for the Red Chris exploration program and has reviewed this news release. Red Chris samples for the 2020 drilling reported were analysed at Bureau Veritas Mineral Laboratories in Vancouver. A full QA/QC program using blanks, standards and duplicates was completed for all diamond drilling samples submitted to the labs. Significant assay intervals reported represent apparent widths. Insufficient geological information is available to confirm the geological model and true width of significant assay intervals.Cross sections and plan view map are available on imperialmetals.com.Newcrest Red Chris Mining Limited (“NRC”) is operator of the Red Chris Joint Venture (Newcrest 70%; Imperial 30%).“Newcrest Mining Limited has implemented and maintained measures to reduce and mitigate the risks of the COVID-19 pandemic to its project workforce and key stakeholders. Potential impacts of the COVID-19 pandemic on the drilling activity at all of Newcrest’s exploration projects are being actively managed. There have been no confirmed cases of COVID-19.” \---        About ImperialImperial is a Vancouver based exploration, mine development and operating company. The Company, through its subsidiaries, owns a 30% interest in the Red Chris mine, and a 100% interest in both the Mount Polley and Huckleberry copper mines in British Columbia. Imperial also holds a 45.3% interest in the Ruddock Creek lead/zinc property.Company ContactsBrian Kynoch | President | 604.669.8959 Darb Dhillon | Chief Financial Officer | 604.488.2658 Jim Miller-Tait | Vice President Exploration | 604.488.2676 Sabine Goetz | Shareholder Communications | 604.488.2657 | investor@imperialmetals.comCautionary Note Regarding Forward-Looking StatementsCertain information contained in this news release are not statements of historical fact and are “forward-looking” statements. Forward-looking statements relate to future events or future performance and reflect Company management’s expectations or beliefs regarding future events and include, but are not limited to, statements regarding the Company’s expectations and timing with respect to current and planned drilling programs at Red Chris, including plans to define the extent and continuity of the mineralization on the southern side of the South Boundary Fault.In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "outlook", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on information currently available to the Company as well as the Company’s current beliefs and assumptions. These factors and assumptions and beliefs and assumptions include, the risk factors detailed from time to time in the Company’s interim and annual financial statements and management’s discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended, many of which are beyond the Company’s ability to control or predict. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and all forward-looking statements in this news release are qualified by these cautionary statements.

  • Companies Like Imperial Metals (TSE:III) Are In A Position To Invest In Growth
    Simply Wall St.

    Companies Like Imperial Metals (TSE:III) Are In A Position To Invest In Growth

    There's no doubt that money can be made by owning shares of unprofitable businesses. Indeed, Imperial Metals ( TSE:III...