International Millennium Mining Corp.
TSX VENTURE : IMI

International Millennium Mining Corp.

January 03, 2008 09:00 ET

International Millennium Mining Corp.: Jason Property Phase I Exploration Identifies Source of Platinum Anomaly Near Harrison Lake B.C.

Additional Ground Acquired in Nevada and Mexico

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 3, 2008) - Phase I exploration work at International Millennium Mining Corp.'s ("IMMC" or the "Company") (TSX VENTURE:IMI) Jason Property near Harrison Lake, B.C. has identified the source of highly anomalous platinum (Pt) stream sediment samples (up to 651 ppb) collected on Anomaly Creek in 2004. The outcrop source was located following completion of Phase I detailed stream sediment sampling and mapping to confirm the location of the highly anomalous 2004 Anomaly Creek stream sediments. The outcrop contains: pyrrhotite, pentlandite, chalcopyrite and sperrylite. Analysis of a bulk stream sediment sample identified sperrylite. Native gold and abundant red rutile were also identified in the bulk stream sediment sample. Petrographic analysis identified the sulphide bearing rock as an altered olivine orthopyroxenite.

David G. Mark, P.Geo., a qualified person under NI 43-101, provides the following information with respect to the property: Grab samples from the outcrop contained up to 0.64% Ni, 0.63% Cu, 777 ppb Pt and 465 ppb Pd (Acme Analytical). These values are comparable to ore grades at the nearby Giant Mascot Mine. In addition, the magmatic sulphides and the orthopyroxenite appear to have been injected along a well defined fault zone. In 1971 W.E. Clarke postulated that, at the Giant Mascot Mine, fault systems were favourable to the deposition of ore. As a result of these findings a drill target has been proposed by IMMC for Anomaly Creek.

Phase 2 included: 1) line cutting to establish a sampling and mapping grid; 2) overburden sampling and geochemical analysis (standard ICP and mobile metal ion); and 3) geophysical surveys (magnetometer, self potential, VLF-EM). The report and results from Phase 2 are not yet available.

The Jason claims, comprise 694.9 hectares and are located 29 km southeast of the municipality of Harrison Hot Springs approximately 9 km east of Harrison Lake, British Columbia. IMMC holds an option to earn 100% interest in the claims, subject to certain royalty interests retained by the vendor D.R. Haughton P.Eng., Ph.D. The property lies at the northwest end of a belt of meta-volcanic, meta-sedimentary and plutonic basic and ultrabasic rocks. The belt extends in a northwest direction from the Giant Mascot Mine for 20 kilometers to beyond the Jason claims. Commodities found at the Giant Mascot Mine and within the middle Cretaceous mafic to ultramafic rock units, include nickel, copper, chromium, cobalt, gold and platinum group elements.

Prior to 2005, work on the Jason claims had included surficial and bedrock mapping and geochemical and geophysical surveys. This resulted in the definition of four projects with significant potential for Ni, Cu, PGE mineralization. Two of the projects, within the Jason Property, Discovery Creek and Hut Creek, now have well defined drill targets. At Anomaly Creek high Ni, Cu, Cr, Au and Pt, Pd (i.e.: 0.12% Ni, 0.12% Cu, 651ppb Pt) stream sediment anomalies require additional exploration.

Hut Creek East contained geophysical anomalies (self potential, magnetic and VLF-EM) that also require follow-up work. Because of thick overburden deposits on Hut Creek East, it was recommended that follow up work should await drill results from the Hut Creek area.

Additional Ground Acquired in Nevada and Mexico

The Company has added 141 lode claims to its land position surrounding its Simon Mine property in Mineral County, Nevada. The additional claims are contiguous with the all of the boundaries of the Simon Mine property.

In Mexico, IMMC has, subject to filing with regulatory authorities, entered into an option to purchase 100% interest in an additional property comprised of 1095 hectares contiguous with the northern and eastern edges of the Company's Hilda 30 property in Yecora District, of Sonora State, Mexico. Cash payments totaling US$1,050,000 over a 10 year period are the sole consideration for the purchase. The property is located within the area of interest defined in IMMC's option and joint venture with First Mexican Resources Inc. of Toronto, Ontario, who have been offered inclusion of the ground as part of the joint venture property.

International Millennium Mining Corp. is a mineral exploration and development company engaged in the acquisition and exploration of mineral properties in Canada and the Americas. To date the Company has acquired and is exploring mineral properties in British Columbia and Ontario, Canada; Nevada, USA; and Sonora State, Mexico. Emerging mineral targets include silver, gold, cobalt, molybdenum, zinc, lead, nickel, copper and platinum group metals.

ON BEHALF OF THE BOARD,

John A. Versfelt, President & CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. John A. Versfelt, President & CEO of the Company or Mr. D. Alex Caldwell, Corporate Secretary at (604) 984-9907.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes and other business transactions timing. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • International Millennium Mining Corp.
    John A. Versfelt
    President & CEO
    (604) 984-9907
    (604) 983-8056 (FAX)
    or
    International Millennium Mining Corp.
    Mr. D. Alex Caldwell
    Corporate Secretary
    (604) 984-9907
    (604) 983-8056 (FAX)
    Email: info@immc.ca
    Website: www.immc.ca