Wed, September 30, 2009
Tue, September 29, 2009
Mon, September 28, 2009
Sun, September 27, 2009
Fri, September 25, 2009
Thu, September 24, 2009
Wed, September 23, 2009
Tue, September 22, 2009
Mon, September 21, 2009
Sun, September 20, 2009
Fri, September 18, 2009
Thu, September 17, 2009
Wed, September 16, 2009
Tue, September 15, 2009
Mon, September 14, 2009
Fri, September 11, 2009
Thu, September 10, 2009
Wed, September 9, 2009
Tue, September 8, 2009
Sun, September 6, 2009
Fri, September 4, 2009
Thu, September 3, 2009
Wed, September 2, 2009
Tue, September 1, 2009
Mon, August 31, 2009
Sun, August 30, 2009
Fri, August 28, 2009
Thu, August 27, 2009

Imperial Metals Corporation: Imperial Metals Corporation: Governments Announce Investment in Highway 37 Power Line


//stocks-investing.news-articles.net/content/200 .. nnounce-investment-in-highway-37-power-line.html
Published in Stocks and Investing on Thursday, September 17th 2009 at 10:07 GMT by Market Wire   Print publication without navigation


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 17, 2009) - Imperial Metals Corporation (TSX:III) welcomes recent announcements that the British Columbia Provincial Government and the Canadian Federal Government have joined forces to push ahead with the Northwest Transmission Line along the Highway 37 corridor in northwest British Columbia.

Construction of the power line will set the stage for many important economic and social initiatives including development of Imperial's Red Chris copper-gold porphyry project near Iskut, bringing much needed jobs and economic activity to northwest British Columbia.

The Red Chris deposit contains approximately 276 million tonnes of minable reserves at 0.349% copper and 0.266 g/t gold (based on the 2005 Red Chris feasibility study). The anticipated mine life is 25 years with the present known reserves and a production rate of 30,000 tonnes per day. Construction of a mine is expected to take two years and generate 600 jobs. During the mine life, operations would require 250-300 direct jobs with an additional 750 indirect jobs.

Recent exploration at Red Chris indicates much larger potential for this project. Drilling with two diamond drills is currently underway to further explore the deposit at depth.

Imperial is a mine development and operating company based in Vancouver, British Columbia. The Company's key properties are the Mount Polley open pit copper/gold producing mine in central British Columbia, the Huckleberry (50% interest) open pit copper/molybdenum producing mine in northern British Columbia.



Publication Contributing Sources

Similar Stocks and Investing Publications