{"id":1206794,"date":"2020-09-10T15:30:38","date_gmt":"2020-09-10T20:30:38","guid":{"rendered":"https:\/\/resourceworld.com\/?p=59717"},"modified":"2020-09-10T15:30:49","modified_gmt":"2020-09-10T20:30:49","slug":"high-grade-pod-confirmed-at-red-chris-copper-gold-mine","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1206794","title":{"rendered":"High-grade pod confirmed at Red Chris copper-gold mine"},"content":{"rendered":"

Imperial Metals Corp.<\/strong> [III<\/a>-TSX; IPMLF<\/a>-OTC] and Australian partner Newcrest Mining Ltd.<\/strong> [NCM-ASX] said drilling at the Red Chris copper and gold mine in northwestern British Columbia continues to validate the recent discovery of a high-grade pod in the East Zone area.<\/p>\n

Partial results from drill hole RC634, located in the East Zone, returned 394 metres grading 1.6 g\/t gold and 0.86% copper starting at 650 metres, and include a 166-metre interval grading 3.0 g\/t and 1.5% copper from 806 metres down the hole.<\/p>\n

The drilling program is being run by Newcrest, operator, which bought a 70% stake in the Red Chris mine from Imperial Metals last year for US$806.5 million in cash. Imperial continues to hold a 30% stake in the joint venture. In 2019, Red Chris produced 71.9 million pounds of copper, 36,471 ounces of gold and 133,879 ounces of silver.<\/p>\n

When Newcrest acquired the 70% stake last year, Newcrest Managing Director and CEO Sandeep Biswas said the company has identified a clear path to potentially turning Red Chris into a Tier 1 operation. In keeping with that goal, the joint venture has said it will leverage Newcrest\u2019s unique technical expertise in block caving operations.<\/p>\n

A plan to mine the deep resource beneath the current open pits will be developed to exploit the high grades in the deep East Zone, Newcrest said.<\/p>\n

In an exploration update released in January, 2020, Imperial said there were two drilling campaigns underway at the mine site. The first was a resource definition program in the East Zone, designed to obtain geological, geotechnical and metallurgical data to support future studies for underground block cave mining.<\/p>\n

The second was a Brownfields Exploration Program, aimed at searching for additional zones of higher grade mineralization within the Red Chris porphyry corridor.<\/p>\n

In a March 2020 update, Imperial said drill results (hole RC611) confirmed the presence of a high-grade zone averaging more than 5 g\/t gold. It said the high grade \u201cpod\u201d was approximately 100 by 100 metres and 200 metres in height.<\/p>\n

In the September 9 press release, Biswas said, \u201cDrilling results at Red Chris have returned 166 metres grading 3.0 g\/t gold and 1.5% copper, which is significantly higher than we would expect to find in porphyry systems. Red Chris results also confirm the presence of multiple discrete high-grade pods of mineralization within the East Zone.\u201d<\/p>\n

On Wednesday, September 9, 2020, Imperial Metals shares rose 0.31% or $0.01 to $3.25 in light trading volume. The shares currently trade in a 52-week range of $3.56 and 99 cents.<\/p>\n","protected":false},"excerpt":{"rendered":"

Imperial Metals Corp. [III-TSX; IPMLF-OTC] and Australian partner Newcrest Mining Ltd. [NCM-ASX] said drilling at…<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[622],"tags":[22,33,48],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1206794"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1206794"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1206794\/revisions"}],"predecessor-version":[{"id":1206795,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1206794\/revisions\/1206795"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1206794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1206794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1206794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}