Imperial Mining Group Ltd. (TSXV:IPG) has launched its campaign on the Investing News Network’s Resource channel.
Imperial Mining is a Canadian multi-metal exploration and development company focused on advancing its gold, copper-zinc and scandium-niobium-tantalum-rare earth properties in Quebec. Imperial Mining believes they have the only high-grade, bedrock-hosted scandium project in North America to serve as a potentially important contributor to the supply chain of this critical aluminum alloying agent.
The Crater Lake scandium property contains high concentrations of scandium and rare earth elements (REE). Moving forward, Imperial Mining’s objective is to deliver a 43-101 resource estimate for the property in early summer 2019 to be used in a Preliminary Economic Assessment (PEA) to be tabled by the end of 2019 or early 2020.
Imperial Mining’s other projects in Quebec include Opawica gold, Carheil-Brouillan copper-zinc and La Roncière gold projects. Opawica shows excellent gold potential at depth below 100 meters and to the west from the previously-defined Central Zone and the company will be drilling to expand and evaluate the known areas of high gold exploration potential during the summer campaign. The company optioned the Carheil-Brouillan base-metal property to SOQUEM Inc. in August 2017, which can earn a 50 percent interest in the project by spending $3.75 million over four years. Imperial Mining and SOQUEM also jointly own the La Roncière property.
Imperial Mining’s company highlights include the following:
- Expected increase in scandium production to 1.8 million kilograms by 2035 due to its increasing use in lightweighting in electric vehicles (EV), internal combustion (ICE) vehicles, and the aerospace sector as well as in Solid Oxide Fuel Cells (SOFCs).
- Drilling a 19-meter interval grading 0.506 percent Sc2O3 on the TG Zone target west of the previously known Boulder Lake scandium zone at Crater Lake.
- Historical drilling on the Boulder Zone returned 167.8 meters grading 260 g/t scandium oxide and 1.18 percent including 62.8 meters grading 304 g/t Sc2O3 and including 27.6 meters grading 351 g/t Sc2O3.
- Carheil-Brouillan is being jointly developed with SOQUEM due to its proximity to the B26 deposit.
- B26 deposit stratigraphy thought to extend onto Carheil-Brouillan and has been traced along strike for five-kilometers.
- Opawica and Roncière gold properties located near past-producing mines and in proximity to the Osisko Windfall Lake gold development project.
- Historical drilling from the Central Gold Zone at Opawica returned up to 6.9 g/t gold (Au) over 3.8 meters and 87.7 g/t Au over 1.5 meters over a strike length of 350 meters. All drilling was above the 100 meters vertical level.
- Led by an experienced management and Board team with a track record of exploration and development success.
- Insiders notably hold 27 percent of company shares.