Stocks & Investing
Stocks and Investing
Stocks and Investing
Tue, June 30, 2009
Mon, June 29, 2009 Imperial Metals Corporation: Imperial Metals Corporation: Huckleberry Extends Mine Life
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 29, 2009) - Imperial Metals Corporation (TSX:III) announces that Huckleberry Mines Ltd. has approved an extension of the Huckleberry mine, located 123 kilometres southwest of Houston, British Columbia. The extension of the mine plan includes the Saddle Zone resource, and will provide for mill feed to extend milling operations to the end of 2011. Annual estimated copper production will be 40 million pounds per year.
The Saddle Zone resource, located between the Main Zone pit and the Main Zone Extension pit, has a high potential to provide additional extensions to the mine life depending on the copper price.
Huckleberry Mines Ltd. is owner of the Huckleberry open pit copper/molybdenum mine located southwest of Houston, British Columbia. Imperial holds a 50% interest in Huckleberry Mines Ltd. The other 50% interest is held by a consortium consisting of Mitsubishi Materials Corporation, Marubeni Corporation, Dowa Metals & Mining Co., Ltd. and Furukawa Co., Ltd. (the "Japan Group").
