For thousands of other reports visit RSC's Mineral Intellingence Map
Imperial Metals Corp.
Summary
| Project: | Red Chris | |
|---|---|---|
| Deposit: | Red Chris | |
| Location: | Canada | |
| Commodities: | Copper-Gold | |
| Date: | 1/29/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 29-1-2020: Imperial Metals Corp. announces an Exploration/Drilling Update report for its Red Chris deposit at the Red Chris project. Drilling results incl. 720m @ 0.59g/t Au, 0.56% Cu from 394m. Vancouver | January 29, 2020 | Imperial Metals Corporation ( | |
| Resources: | (not mentioned in this report | |
| CP/QP: | [Overall Report]: Jim Miller-Tait (Internal) | |
| ABSTRACT: | Vancouver | January 29, 2020 | Imperial Metals Corporation (the “Company”) (TSX:III) reports the 2019 metals production at the Red Chris mine was 71.9 million pounds copper, 36,471 ounces gold, and 133,879 ounces silver. Red Chris production for the fourth quarter of 2019 was 21.7 million pounds copper, 12,155 ounces gold, and 45,508 ounces silver. These results represent 100% of production at Red Chris. All metals production increased in the fourth quarter compared to the third quarter of 2019. Mill throughput for the quarter averaged 27,784 tonnes per calendar day. Imperial’s 30% portion of Red Chris production for the fourth quarter of 2019 was 6.5 million pounds copper, 3,646 ounces gold, and 13,652 ounces silver. For the year ended December 31, 2019, Imperial’s portion of Red Chris production, representing 100% for the period January 1 through August 14, 2019 and 30% of production for the period August 15 through December 31, 2019, was 50.3 million pounds copper, 25,177 ounces gold, and 90,577 ounces silver. Metal production guidance (100%), provided by Newcrest for the period August 15, 2019 to June 30, 2020 (to conform to their annual year end of June 30, 2020) is in the range of 63-79 million pounds copper and 36,000-50,000 ounces gold. There are two drilling campaigns presently underway at Red Chris. The first is the East Zone Resource Definition Programme, designed to obtain geological, geotechnical and metallurgical data to support future studies for underground block cave mining. The second is the Brownfields Exploration Programme, which is searching for additional zones of higher grade mineralization within the Red Chris porphyry corridor. Drill activity increased during the 2019 fourth quarter with six diamond drill rigs in operation. Seven drill holes have been completed, with a further five holes in progress for a total of 14,742m drilled to December 31, 2019. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report