Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here!
(Wallace Refiners) – Imperial Metals (TSX:III) announced today an acquisition of a 30% interest in the GJ property for $3.04 million from its joint venture partner Newcrest Red Chris Mining (70% interest).
The GJ property will be included as part of the Red Chris joint venture. The GJ Property includes known copper-gold porphyry mineralization and is located approximately 30 kilometres southwest of the Red Chris mine.
The property covers the south west extent of the Red Chris GJ-Donnelly porphyry trend in the Golden Triangle and is comprised of 87 mineral tenures covering 39,432 hectares.
Brian Kynoch, Imperial Metals President, commented, “We are excited to announce this acquisition and look forward to working with our joint venture partner to explore this property given its proximity to the Red Chris mine
infrastructure and its geological similarity to Red Chris.”
Imperial Metals is a Vancouver based exploration, mine development and operating company with holdings that include the Mount Polley mine (100%), the Huckleberry mine (100%), and the Red Chris mine (30%). Imperial also holds a
portfolio of 25 greenfield exploration properties in British Columbia.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.