October 2, 2014
Vancouver, B.C. (October 2, 2014) — I-Minerals Inc. (TSX.V: IMA; OTCQX: IMAHF) (“the Company” or “I-Minerals”)
announces that it has received preliminary melt tests from a major
international glass manufacturer that indicates the I-Minerals quartz
Q1, Q2 and Q3 products compared very favorably to a proven commercial
low iron sand that is used in the production of rolled, float and solar
glass. The I-Minerals samples were found to perform as good as or
better than the proven low iron sand in the melt test. In particular,
the melt from I-Minerals products was almost colourless as compared with
a slightly greener colour displayed by the glass produced from the
proven sand.
The lesser coloration in the glass produced from the I-Minerals quartz
allows for higher light transmission, which in turn leads to higher
efficiencies in solar panels produced from colourless, higher light
transmission glass. It follows that the initial melt test results
indicate I-Minerals quartz has very desirable properties for the
manufacture of glass used in production of solar panels which is
expected to be a strong selling point going forward. In addition the
I-Minerals samples did demonstrate easier melting in comparison to the
proven sand, but representatives of the glass manufacturer cautioned
that the easier melting may be due to the fine particle size of the
materials given they were from bench scale production.
The Q1 to Q3 samples with total impurities ranging from 440 to 189 parts
per million were found to be exceptionally pure, having little present
except SiO2. The melt test is essentially a comparative method to
understand the time and energy that are required to form glass from the
material, so requires knowledge of the properties of an existing
material to compare against. The standard against which I-Minerals
products was compared is one of the highest quality glass making sands
in the world.
“Our prior analytical work had shown that we can readily produce high
purity quartz products of up to 99.981% SiO2 through standard flotation
techniques widely used throughout the mining industry,” stated Thomas
Conway, President and CEO of I-Minerals. “This latest series of melt
tests demonstrate that these high purity quartz products are well suited
for solar glass and similar applications.”
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 is developing multiple deposits of high purity, high value
halloysite, quartz, potassium feldspar and kaolin at its strategically
located Helmer-Bovill property in north central Idaho. A 2014
Prefeasibility Study on the Bovill Kaolin Deposit completed by SRK
Consulting (USA) Inc. highlights the potential of the Helmer-Bovill
property’s Bovill Kaolin deposit: after tax NPV6 of $212 million; 30.5%
IRR; 3 year payback and $72.7 million initial CAPEX; $84 million CAPEX
including life of mine sustaining capital over a 25 year mine life.
Ongoing development work is focused on moving project towards
production.
I-Minerals Inc.
per:
“Thomas M. Conway”
Thomas M. Conway,
President & CEO
Contact:
I-Minerals Inc.
Barry Girling
877-303-6573 or 604-303-6573
Email:
info@imineralsinc.com
Or visit our website at
www.imineralsinc.com
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 includes certain “forward looking statements” within
the meaning of the United States Private Securities Litigation Reform
Act of 1995. Without limitation, statements regarding potential
mineralization and resources, exploration results, and future plans and
objectives of the Company are forward looking statements that involve
various risks. Actual results could differ materially from those
projected as a result of the following factors, among others: changes in
the world wide price of mineral market conditions, risks inherent in
mineral exploration, risk associated with development, construction and
mining operations, the uncertainty of future profitability and
uncertainty of access to additional capital.
Back to the News page