Vancouver – Imperial Metals (III-T) is putting the final touches on permit amendments required to mine the Northeast zone at its wholly owned Mount Polley copper mine in central British Columbia.
Upon receipt of the permit, Imperial will recommence mining at Mount Polley, starting on the Northeast and Bell zones concurrently. Mining of the Springer zone will follow.
Drilling of the Northeast zone continues to focus on expanding the delineated mineable resource and is progressing both southward and northwards. A second drill is active on the Springer zone targeting deep, higher-grade copper-gold mineralization.
Metallurgical testing has demonstrated good recoveries from a composite Northeast zone ore sample. Concentrate tested has shown recoveries of 89.9% for copper, 90.9% for gold and 64.5% for silver.
The company anticipates having the amendment to its mining permit submitted by the end of July.
The Mount Polley copper-gold mine produced from 1997 to 2001, when operations were suspended as a result of low commodity prices.
Imperial Metals has 25.6 million shares outstanding. Investors pushed the issue up on the news, gaining over 6%, or 37, to close at $6.45.