Imperial Metals finds native Cu at Mount Polley

Executive Summary

• Imperial Metals reported discovery of significant copper‑gold mineralization in a step‑out drill hole (FP‑25‑01) located 4.15 km north of the operating Mount Polley mill.
• Hole FP‑25‑01 intersected two notable intervals: 7.0 m @ 0.70 % Cu and 0.27 g/t Au, and 20.0 m @ 0.25 % Cu and 0.96 g/t Au.
• The find expands the known mineralized corridor by ~1.5 km and suggests potential for additional native‑copper style deposits north of the Mount Polley intrusive complex.

Key Details

• Drill Hole FP‑25‑01 – collared 4.15 km north of Mount Polley mill, azimuth 210°, dip ‑60°.
• Intercept 1: 7.0 m (apparent width) starting at 383.0 m depth, grading 0.70 % Cu and 0.27 g/t Au.
• Intercept 2: 20.0 m (apparent width) starting at 417.5 m depth, grading 0.25 % Cu and 0.96 g/t Au.
• Geological context: Drilled through clastic cover into a hydrothermal breccia at the unconformity with the Mount Polley intrusive complex (MPIC); native copper dominant in lower interval; magnetite‑rich breccia continues to ~590 m depth.
• Structural significance: Intercept lies 390 m from the nearest known mineralized hit, aligning with a structural corridor identified by IP chargeability and magnetic anomalies extending >1.5 km.
• Exploration implications: Highlights potential for additional native‑copper style mineralization; supports further targeting along the corridor and may influence future resource expansion in the C2 zone.
• Follow‑up work: 16 additional drill holes planned to expand resources in the gold‑rich C2 zone; two pits holes for mine‑planning data; diamond drilling at Mount Polley currently suspended.
• Qualified Person: Jim Miller‑Tait, P.Geo., VP Exploration, reviewed results per NI 43‑101. Samples analyzed by Activation Laboratories Ltd.; copper metallic screen method used for native copper assays.

Notable Quotes

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