International Millennium Mining Corp.
TSX VENTURE : IMI

International Millennium Mining Corp.

September 26, 2007 09:00 ET

Nivloc Mine Property Near Silver Peak, Nevada Purchased by International Millennium - Shares Issued to Settle Debt

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 26, 2007) - International Millennium Mining Corp. ("IMMC" or the "Company") (TSX VENTURE:IMI) has, subject to regulatory acceptance, purchased 100% interest in the Nivloc Silver Mine, located seven miles southwest of Silver Peak and 170 miles south-southeast of Reno, in Esmeralda County, Nevada. The property includes three (3) existing lode claims (the Mine claims") acquired by purchase from a private party and six (6) recently staked claims beginning 1,500 ft along strike to the northeast of the Mine claims, purchased from Western Geoscience Inc. of Mina, Nevada. The two properties totalling approximately 180 acres are being purchased for US$75,000 and 110,000 shares.

Thomas L. Evans, P.Geo (Calif) President of Western Geoscience Inc. reports: The Nivloc Mine was operated between 1937 and 1943 under the name of Desert Silver, Inc. Mining was carried out via a two compartment vertical shaft to the 600 foot level with an inclined winze extending to the 900 foot level. Another winze was sunk to the 1,100 foot level. The average grade of ore mined during the 1937 to 1943 period was reported as 12.8 oz/ton silver (Ag) and 0.05 oz/ton gold (Au). The mine was forced to close in 1943 due to wartime restrictions but considerable developed ore reportedly was left behind. The mine is dry and the ore was of the oxidized variety.

In 1948, the Anaconda Minerals Company sampled the workings down to the 800 foot level but did no mining or drilling. The Sunshine Mining Company acquired the property in the mid-1980's and completed an Ore Reserve Calculation based primarily on Desert Silver and Anaconda sample results taken from level plan maps in their possession. Sunshine Mining, in 1985, drilled 3 core holes that intersected ore reserve blocks where tonnage, width and grade had been calculated using the old sample data. Sunshine Mining stated in a January 1, 1987 report that silver grades fell within 2% in an overall comparison between drill hole assays and ore reserve block calculations.

Sunshine Mining reported, in a memo dated January 15, 1987, a (non- NI 43-101 compliant) Calculated Ore Reserve of 621,314 short tons at a grade of 4.5 oz/ton Ag and 0.03 oz/ton Au for a total of 2,795,913 ounces silver and 18,639 ounces gold. A minimum mining width of 12 feet was assumed with a 10% dilution factor. Sunshine went on to state, in the January 1987 memo, that they made the Ore Reserve Calculation in accordance with standard Sunshine Mining Company practices as they pertained to the Nivloc Mine, based in part on their experience at their nearby Sixteen-to-One Silver Mine.

These parameters include:

a. All ore blocks are bounded on at least one side by existing mine workings.

b. Maximum block projections have been limited to one-half the vertical distance between levels.

c. The boundaries between ore blocks have been determined by grade and/or vein width variations.

d. The tonnage factor for ore in-place is 12 cubic feet per ton.

These estimates were made prior to the implementation of Canadian Securities Administrators' National Instrument 43-101 (NI 43-101), and a qualified person (QP) has not completed sufficient work to classify these historical estimates as current mineral resources or reserves. The historical estimates are not NI 43-101 compliant and should not be relied upon.

Geology at Nivloc is reported to consist of Paleozoic sediments and intrusive rocks, mostly alaskite, overlain by and in fault contact with Tertiary andesitic and rhyolitic volcanics. The older rocks are reported to host most of the ore at Nivloc and occur within a strong 30 to 50 foot wide fissure or shear zone that strikes N50E dipping 60-70 degrees to the northwest. Silver and gold values reportedly are found in manganese and iron oxide limonite stained quartz-calcite breccia zones in the shear. Galena, occurring in scattered lenses, is the only metallic ore sulfide reported. Assay plans indicate that silver and gold values occur throughout the structural zone with local concentrations of better grade material.

Significant silver and gold bearing tailings on the property remain to be evaluated. In their January 15, 1987 memo, Sunshine Mining discuss the excellent potential for increasing reserves at Nivloc. They reported that a number of areas remain in the mine where either nil or limited assay data was found. These areas may contain mineable reserves not included in the historic reserve estimate. Down-dip areas below the 900 foot level and areas along strike are virtually unexplored.

Debt Settlement: Shares to settle debt of C$28,200 at $0.30 per share, originally announced July 24, 2007, have now been issued and paid by the Company.

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.

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