Imperial Intersects 5 Metres of 5.51 Grams Per Tonne Gold at the Porcher Island Property

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Postmedia has not reviewed the content. by GlobeNewswire Imperial Intersects 5 Metres of 5.51 Grams Per Tonne Gold at the Porcher Island PropertyAuthor of the article:Plan Map of site showing the location of the drill pads GNWVANCOUVER, British Columbia, Oct. 28, 2026 (GLOBE NEWSWIRE) — Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports assay results from its spring 2026 diamond drilling program at the Porcher Island property, located 35 kilometres south-southwest of Prince Rupert, British Columbia (see Figure 1).THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountTen drill holes totalling 1,380 metres were completed from four helicopter supported drill pads. All drill holes intersected gold (Au) and silver (Ag) mineralization.This advertisement has not loaded yet, but your article continues below.Significant Intervals from the 2026 program include:Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againTable 1: Porcher Island 2026 Drilling – Significant InterceptsHole IDFrom (m)To (m)Width (m)Au (g/t) Ag (g/t)PI-26-0111.312.31.06.175.65and34.536.41.94.061.11PI-26-0213.014.71.73.052.12and75.580.04.54.773.21PI-26-0311.412.51.15.315.23and113.2114.21.04.323.15PI-26-0410.912.01.13.282.48PI-26-05120.0121.01.04.722.30PI-26-067.59.01.54.094.00and42.544.52.02.420.85PI-26-0812.014.32.33.631.44PI-26-107.052.545.51.240.82Including7.024.017.02.251.64Including9.014.05.05.514.27*Reported intersections based on a 0.1 g/t gold cut-off with a maximum of 5 metre internal dilution below cut-off.The Porcher Island property (100% owned by Imperial) is located on the northwest corner of Porcher Island on the northern coast of British Columbia. It hosts two past producing gold mines, Edye Pass and Surf Point mines, that operated from 1919 to 1939 when the last operating mill burned down. Historic production is estimated at 77,952 tons grading 0.29 oz/ton gold from both mines.This advertisement has not loaded yet, but your article continues below.Gold mineralization is hosted in shear zones and quartz veins developed within a quartz diorite stock. Gold is associated with pyrite occurring as disseminations, stringers and semi-massive accumulations, with trace chalcopyrite and molybdenum, and elevated tellurium.In 2007, nine angled drill holes completed from three south-dipping drill fans intersected multiple intervals grading more than 2.0 g/t gold. The drilling outlined a cluster of near surface gold mineralization now known as the Christmas Tree zone (see Figure 2).Figure 1: Plan Map of site showing the location of the drill padsTable 2: Significant intersections from the 2007 drilling program on the Christmas Tree zone include:Hole IDFrom (m)To (m)Width (m)Au g/tFan #1 CL-07-425.011.76.72.9CL-07-414.915.110.22.1CL-07-406.116.09.93.8Fan #2 CL-07-344.728.924.21.6CL-07-356.821.114.33.4CL-07-363.719.415.72.3Fan #3 CL-07-374.721.016.32.2CL-07-386.023.417.44.0CL-07-3912.326.814.55.1The strongest gold intercept from the 2026 program was returned from drill hole PI-26-10 in the Christmas Tree zone. Drilled vertically from the same pad used for the 2007 holes, PI-26-10 tested the zone’s northern extension and intersected 45.5 metres grading 1.24 g/t gold, including 17.0 metres grading 2.25 g/t gold and 5.0 metres grading 5.51 g/t gold.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.The three other drill pads used during the 2026 program were positioned along structures north and west of the Christmas Tree zone and tested the down-dip extensions of gold-bearing quartz veins sampled in historical underground workings. Significant intercepts include 4.5 metres grading 4.77 g/t gold from 75.5 metres in drill hole PI-26-02 and 2.3 metres grading 3.63 g/t gold from 12.0 metres in drill hole PI-26-08.The 2026 drill results will be integrated into the existing project database and interpreted to support planning for additional exploration at the Porcher Island property. In the current strong gold price environment, Imperial will continue to pursue options to reveal value at Porcher Island project, including completing ore sorting test work to consider the potential for direct ore shipping. This concept is highly attractive for a project like Porcher Island since it sits at tide water for ease of ocean transportation options and also would eliminate the need for a processing plant or tailings storage. This would significantly reduce capital requirements and environmental footprint of a potential mining operation.This advertisement has not loaded yet, but your article continues below.Figure 2: Figure showing cross section plan map and cross section of Christmas Tree zoneJim Miller-Tait, P.Geo., Imperial’s Vice President Exploration, has reviewed this news release as the designated Qualified Person as defined by National Instrument 43-101 for the Porcher Island exploration program.The Porcher Island samples reported were analyzed at Activation Laboratories Ltd. located in Kamloops. A full QA/QC program using blanks, standards and duplicates was completed for all diamond drilling samples submitted to the labs. Reported assay intervals represent apparent widths of mineralization. Insufficient geological information is available to confirm the geological model and true width of the mineralized intervals.Table 3: 2026 Complete Drillhole dataPorcher Island Project, British Columbia, CanadaReporting Criteria: Intercepts reported are downhole drill width (not true width). Gold and silver grades are reported to two significant figures. Samples are from core drilling which is NQ in diameter. Core is photographed and logged by the geology team before being cut. Half core NQ samples are prepared for assay and the remaining material is retained in the core lay down area for future reference. Each assay batch is submitted with duplicates and standards to monitor laboratory quality. Reported intersections based on a 0.1 g/t gold cut-off with a maximum of 5 metre internal dilution below cut-off.This advertisement has not loaded yet, but your article continues below.Hole ID Hole Type Easting (m) Northing (m) RL (m) Total Depth (m) Azimuth Dip From (m) To (m) Interval (m) Au (g/t)Ag (g/t)PI-26-01DD396048598797931.9159139-4511.312.31.06.175.65And 34.536.41.94.061.11PI-26-02DD396048598797931.9123139-6013.014.71.73.052.12And 75.580.04.54.773.21PI-26-03DD396048598797931.9135134-4511.412.51.15.315.23And 113.2114.21.04.323.15PI-26-04DD396048598797931.9111155-4510.912.01.13.282.48PI-26-05DD395859598791839.1147127-45120.0121.01.04.722.30PI-26-06DD395859598791839.1126105-457.59.01.54.094.00And 42.544.52.02.420.85PI-26-07DD395859598791839.1126155-459.011.82.81.350.67PI-26-08DD395859598791839.1126127-6012.014.32.33.631.44PI-26-09DD395603598759375.5225165-45 162.0164.02.01.921.50PI-26-10DD396023598765685.91020-907.052.545.51.240.82Including 7.024.017.02.251.64including 9.014.05.05.514.27Imperial 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 21 exploration properties in British Columbia.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.Brian Kynoch | President | 604.669.8959 Jim Miller-Tait | Vice President Exploration | jim.miller-tait@imperialmetals.com Steve Robertson | Vice President Corporate Development | 604.669.8959Cautionary Note Regarding Forward-Looking StatementsCertain information contained in this news release are not statements of historical fact and are “forward-looking” statements. Forward-looking statements relate to future events or future performance and reflect the Company’s management’s expectations or beliefs regarding future events and include, but are not limited to, statements regarding the Company’s plan to: incorporate the 2026 exploration drilling results and identified mineralization at the Porcher Island project into the existing database; interpret the results to assist with planning additional exploration on the property; and complete ore sorting test work to consider the potential for direct ore shipping which, if proven and adopted, would eliminate the need for a processing plant or tailings storage and significantly reduce capital requirements and environmental footprint of a potential mining operation.This advertisement has not loaded yet, but your article continues below.In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “outlook”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.In making the forward-looking statements in this news release, the Company has applied certain factors and assumptions that are based on information currently available to the Company as well as the Company’s current beliefs and assumptions. These factors and assumptions and beliefs and assumptions include the risk factors detailed from time to time in the Company’s annual information form, interim and annual financial statements and management’s discussion and analysis of those statements, all of which are filed and available for review on SEDAR+ at www.sedarplus.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended, many of which are beyond the Company’s ability to control or predict. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and all forward-looking statements in this news release are qualified by these cautionary statements.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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