IMPERIAL METALS $13.70 - Toronto symbol III

IMPERIAL METALS $13.70 (Toronto symbol III; TSINetwork Rating: Speculative) (604-669-8959; www.imperialmetals.com; Shares outstanding: 74.3 million; Market cap: $1.0 billion) has seen its share price over 11% since January 1, 2013, after it reported the latest results from the exploration program at its 100%-owned Mount Polley open-pit copper/gold mine in central B.C.

The latest results confirm that copper/gold mineralization extends beyond the Zuke zone and into the Boundary zone. The drilling results included 12.8 metres of a high 4.73% copper, 2.61 grams per tonne of gold and 30.05 grams per tonne of silver, as well as a very high 9.66% copper, 6.42 grams per tonne of gold and 52.81 grams per tonne of silver over 2.8 metres.

Imperial Metals is still a hold.

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