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Imperial Announces Underground Drilling Results at Mount Polley

Imperial Metals Corporation (III.TO) reported results from 2012 Mount Polley mine site exploration at the Boundary zone which the company says continues to demonstrate the discovery potential at this established mining property in British Columbia.

Underground drilling in the Boundary zone was initiated in early November to explore and further define mineralization at Zuke zone, which is near but not included in the Boundary zone mineralization currently being prepared for underground test mining.

During 2012 approximately 986 metres of ramping and drifting were completed in the Boundary zone including the decline, which was extended down to the 782 metre level.

Surface drilling has also continued at the south end of the active Springer pit and results from this drill program will be released when assaying is completed.

Imperial says the high success rate from the 2012 drilling at Mount Polley has provided excellent opportunities for follow-up exploration in 2013. Underground drilling will resume at Boundary zone in early 2013, contingent on availability of drilling areas, as the mining crews will have priority. Surface drilling is expected to resume in the spring of 2013.

III shares gained 13 cents to $13.02.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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