IMA I Minerals Inc

I-Minerals Inc. (TSX VENTURE:IMA)(PINKSHEETS:IMAHF) (the "Company") announces
that further to the Company's press release of September 20, 2012 wherein it
announced it had received a Mine Plan of Operations (an "MPO") from the Idaho
Department of Lands (the "IDL"), I-Minerals is pleased to announce it has
completed its first production and inaugural sale of Feldspathic sand product
from the Helmer-Bovill Property.


Feldspathic sand is a direct ship silica-potassium feldspar product created from
tailings generated from historic kaolin mining. The product is used in the
pottery and tile industries for the use in ceramic bodies. The material occurs
as fine sand and for this sale was screened during loading at 1/8th- inch to
remove a significant percent of the material fines. The inaugural sale was to
Wendt Pottery of Lewiston Idaho who took delivery of 30 tons of product for
grinding, packaging, and sale into the pottery industry.


Under the MPO, I-Minerals is permitted to campaign mine from June through
October up to 50,000 ton per year of the Feldspathic sand product. Given the
short time frame between the receipt of the MPO and the end of the mining period
contemplated in the MPO, the Company does not expect further sales in Calendar
2012. However, the initial production has allowed for optimization of the
screening process and the creation of product samples for distribution to
interested parties for testing. I-Minerals has received strong expressions of
interest from several tile and pottery companies that are being provided samples
for testing with a view to achieving materially greater sales volumes during the
2013 and later periods.


I-Minerals is also preparing over 4,000 pounds of 200 and 325 mesh K-Feldspar
product for distribution into the ceramic industry as part of its marketing
efforts. An independent expert in ceramics has noted that I-Minerals' K-feldspar
product has industry leading alkalis and alumina that makes it a suitable
replacement for G-200 - the industry standard until it was discontinued in 2009.
I-Minerals K-Feldspar products (K2O 12.85%) also compares very favorably to the
once popular, but mined out, Kingman Feldspar (K2O 12.0%). Many in the ceramics
industry have received samples of the company's 200 and 325 mesh K-feldspar
products and report positive results.


I-Minerals' K-spar product will be bagged and sold to potters for use in a
ceramic body and as a glaze. The Company is very optimistic these marketing
efforts will build further demand for the K-spar product given initial industry
testing has demonstrated its K-spar product is as good or better than the
highest quality glaze product currently available.


"While the initial volume of the Feldspathic sand product sales are quite
modest, production is nonetheless an important milestone for I-Minerals," stated
Thomas Conway, President and CEO of I-Minerals. "We currently have expressions
of interest in several thousand tons of the feldspathic sand products we will be
working hard over the winter months to upgrade into firm orders for 2013. 


A. Lamar Long, CPG, is a qualified person ("QP") for I-Minerals Inc. and has
reviewed and approved the contents of this release.


I-Minerals Inc.

Thomas M. Conway, President & CEO

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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
I-Minerals Inc.
Barry Girling
877-303-6573 or 604-303-6573
604-684-0642 (FAX)
info@imineralsinc.com
www.imineralsinc.com


Encompass Communications Inc.
877-566-6592 or 604-630-0770
info@encompassinc.ca

Grafico Azioni I Minerals (TSXV:IMA)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni I Minerals (TSXV:IMA)
Storico
Da Giu 2023 a Giu 2024