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Ridgestone Mining (TSXV:RMI) hits mineralisation during maiden drilling in Mexico
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  • Imperial Mining (IPG) has intersected strong scandium and rare earth grades over 92.5 metres at its Crater Lake property in Quebec
  • The company just received assays from the first four holes for the Crater Lake definition drilling program
  • Elevated levels of total rare earth oxides plus yttrium of up to 0.42 per cent characterize the scandium-bearing horizon
  • Imperial Mining is up 2.78 per cent on the day, with shares of the company trading at C$0.18 at 2:20 pm ET

Imperial Mining (IPG) has intersected strong scandium and rare earth grades over 92.5 metres at its Crater Lake property in Quebec.

The company just received assays from the first four holes for the Crater Lake definition drilling program on the TG scandium mineralized zone. Assay results from the first four drill holes continue to return impressive grades. Those results have confirmed the substantial intersection widths of scandium-bearing olivine ferrosyenite.

Highlights include a grade of 92.5 metres grading 291 grams per tonne of scandium oxide.

The company says elevated levels of total rare earth oxides plus yttrium of up to 0.42 per cent characterize the scandium-bearing horizon.

The drilling is currently completing the 11thhole of the program which continues towards collecting sufficient drill data to undertake a 43-101 preliminary Resource Estimate of the Zone by this June.

“The winter drilling results for the Crater Lake property continue to exceed all expectations, as they confirm wide intervals of scandium and TREO+Y at the TGZ target. Drilling has now defined the Zone on 50 m sections between Sections 350N and 600N and mineralization has been traced by drilling over 600m in total strike length from surface to a vertical depth of up to 200 m. Importantly, the zone appears to get wider and higher grade with depth," said Imperial President and Chief Executive Officer Peter Cashin.

Imperial is a Canadian mineral exploration and development company focused on the advancement of its technology metals projects in Québec.

Imperial Mining is up 2.78 per cent on the day, with shares of the company trading at C$0.18 at 2:20 pm ET.

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