VANCOUVER, British Columbia,
Nov. 8, 2011 /PRNewswire/ --
i-minerals inc. (TSX.V: IMA)(Pink Sheets: IMAHF) (the
"Company") has been advised by Mineral Research Laboratory at
North Carolina State University that
the pilot plant commissioned to manufacture quartz products is in
operation. The objective of this pilot plant work is to make
quartz products of different purities for testing in a variety of
quartz consuming markets.
Over the past six years MRL has completed several phases of
flotation- based metallurgical work on material from Kelly's Basin,
WBL Tailings and the sand fraction from the WBL Area of the Bovill
Kaolin primary clay deposits successfully creating feldspar
products through floating the feldspar and sinking the quartz. The
current pilot plant will take the quartz "sunk" during prior
metallurgical work and regrind and float it to create higher value
quartz products. As noted in the Company's press releases of
July 28, 2011 and earlier, i-minerals
can create a high purity quartz product (>99.95% SiO2) through
multistage flotation.
Approximately 8000 lbs of raw quartz product from prior
metallurgical work will be processed. This material will be
ground to less than 50 mesh and processed through flotation.
It is expected that a minimum of 1000 lbs of Quartz 1 product
(1 float lower purity); 1500 lbs of Quartz 2 product (2 float
medium high purity); and 300 lbs of Quartz 3 product (3 float high
purity) will be produced. Earlier metallurgical work has
returned the following results:
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Product
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Purity
(%SiO2)
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BK Quartz B - 30 mesh
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99.730%
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BK Quartz 1 - 50 mesh
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99.965%
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BK Quartz 2 – 50 mesh
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99.970%
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BK Quartz 3 – 50 mesh
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99.972%
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The Company's marketing efforts have generated demand for quartz
samples for testing and having samples of the various products
readily available is beneficial to the marketing process. In
particular, several customers both in North America and Asia have requested Quartz 2 and Quartz 3
samples for melt tests to see how the products react when heated to
the liquid form. These samples can be quite large – as much
as 50 lbs each. Satisfactory completion of the melt tests
would indicate i-minerals quartz products could be used in high
value applications and markets and have a positive impact on future
revenue streams and therefore project economics.
Assuming the pilot plant runs smoothly it should take
approximately 2 weeks to process the quartz stock piles. Subsequent
fine grinding of some of the quartz products will also be performed
to accommodate certain customer requirements. Samples would
be sent to customers shortly thereafter, with melt test results
made available to the Company in Q1 2012
A. Lamar Long, CPG, is a
qualified person ("QP") for i-minerals inc. and has reviewed and
approved the contents of this release.
About i-minerals inc.
i-minerals' Helmer Bovill
property, located in northwestern Idaho that hosts multiple high value
industrial mineral deposits including high purity quartz
(>99.95% SiO2) that can be produced through a standard flotation
process, halloysite that has an industry leading combination of
aspect ratio and lowest levels of trace elements and potassium
feldspar that has some of the highest alkalis of k-spar products
currently available. Halloysite is a unique tubular shaped
alumina-silicate mineral often referred to as a halloysite nanotube
which is being increasingly used in nanotechnology applications.
Economic assessments of both the Kelly's Basin
feldspar-quartz deposit and the Bovill Kaolin Deposits are ongoing.
While additional assessment work is required to fully assess the
economic viability of the Bovill Kaolin Deposits, a January 2011 Preliminary Economic Assessment (the
"PEA") based upon limited, widely spaced drilling over large areas
demonstrated robust economic metrics and indicated the Bovill
Kaolin Deposits may represent the largest deposit of halloysite in
North America.
i-minerals inc.
Per: "Thomas M.
Conway"
Thomas M. Conway,
President & CEO
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Contact:
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Barry Girling
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Encompass Communications
Inc.
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877-303-6573 or
604-303-6573
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604.630.0770
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Email: info@imineralsinc.com
Or visit our website at
www.imineralsinc.com
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info@encompassinc.ca
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NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS NEWS RELEASE.
This News Release may contain forward-looking statements
based on assumptions and judgments of management regarding future
events or results that may prove to be inaccurate as a result of
risk factors beyond its control, and actual results may differ
materially from the expected results
.
SOURCE i-minerals inc.