BHP posts second straight year of record iron ore production, beats estimates
The world's largest listed miner said iron ore output from Western Australia on a 100% basis was 76.8 million tonnes in the three months to June 30.
Imperial Metals (TSX: III) reports drill results from the Mount Polley 2023 exploration program that include up to 1.03% copper and 1.51 g/t gold.
The drilling was done in two phases on an underexplored area between the Springer and Cariboo mineralized zones near Williams Lake, BC.
The company reports a high-grade interval of 115 metres grading 0.67% copper and 0.85 g/t gold from 302.5 metres was discovered in hole SD-23-175 during the second phase.
Other results include hole SD-23-167, which intercepted 162.5 metres grading 0.50% copper and 0.52 g/t gold from 30 metres down; D-23-168 intersected 0.49% copper and 0.53 g/t gold over 110 metres; SD-23-169 intersected 0.30% copper and 0.41 g/t gold over 70 metres; SD-23-170 intersected 0.70% copper and 0.47 g/t gold over 24.4 metres; and SD-23-171 intersected 0.60% copper and 0.48 g/t gold over 16.5 metres.
Brian Kynoch, president of Imperial, said, “The results of these two phases of drilling will now be used to remodel the Springer mineralization. The updated model will be used to update Mount Polley mining plans.”
The company says the results extend the core of the main Springer zone to the east, which should allow for much of the local area to be upgraded to indicated in the mineral resource block model.
