International Millennium Mining Corp.
TSX VENTURE : IMI

International Millennium Mining Corp.

January 10, 2008 09:00 ET

International Millennium Mining Corp.: MMI Surveys Identify Strong Silver-Copper Anomalies on Cobalt Area Property Ontario

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 10, 2008) - MMI (mobile metal ion) soil sample surveys on International Millennium Mining Corp.'s ("IMMC" or the "Company") (TSX VENTURE:IMI) Cobalt Area Property near Cobalt, Ontario have been completed over three (3) grid areas. The MMI work was carried out after positive results were obtained over known mineralization from an MMI orientation survey carried out in 2006. David G. Mark, P.Geo., a qualified person under NI 43-101, reports that the MMI results outlined a number of strong anomalies which are interpreted as being indicative of Cobalt-area style silver/copper/cobalt-veins. As a result, further detailed sampling was carried out in order to optimize drill targets. These results are now being compiled and will be released in a follow-up report at a later date. The Company will announce a drill program at that time.

The Cobalt Area property comprises some 620 claim units covering approximately 9,920 hectares located in Temiskaming District, Larder Lake Mining Division south of the town of Cobalt in north eastern Ontario. IMMC holds 100% interest in 322 claim units, subject to 1% NSR royalty and holds an option to earn 100% interest in the remainder of the ground, subject to a 40% net profits royalty interest reducible, upon payment of $4.5mil., to a 10% net profits royalty interest.

Past production in the Cobalt area was mostly from arsenide silver/cobalt mineralization from narrow, but very rich veins. It has amounted to more than 500 million ounces of silver and 50 million pounds of cobalt along with millions of pounds of copper, nickel and lead. Two of the former producing mines are located on the IMMC property.

The rocks that underlie the Cobalt Project area include Archean aged mafic to felsic metavolcanics and Algoman granitic rocks overlain by relatively flat lying Huronian Group metasediments. A Nipissing age diabase dyke and sill complex intrudes all of these rock types. Lamprophyre dykes and mafic to ultramafic diatremes intrude the volcanic and granitic rocks.

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).

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