International Millennium Mining Corp.

International Millennium Mining Corp.

April 12, 2011 09:04 ET

CORRECTION FROM SOURCE: International Millennium Hits Four Significant Ag/Au Zones in Drill Hole 11NL-5 at Nivloc Mine Project Nevada

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 12, 2011) -

A correction from source is issued with respect to the release issued Apr 11, 2011 09:03 ET. In the first paragraph, (from 613 feet to 629 feet depth in the hole) was to read as (from 613.7 feet to 729 feet depth in the hole). The corrected release follows:

International Millennium Mining Corp. ("IMMC" or the "Company") (TSX VENTURE:IMI)(FRANKFURT:L9J) is pleased to report that initial results of it's diamond drilling program commenced December 21, 2010, at the Company's Nivloc Mine Ag/Au Project, in Esmeralda County, Nevada include the following four gold (Au) and silver (Ag) intervals in hole 11NL-5: (from 613.7 feet to 729 feet depth in the hole) 18.8 feet grading 7.10 oz/t Ag (ounces per ton), and 0.074 oz/t Au; 9.8 feet grading 13.74 oz/t Ag and 0.026 oz/t Au; 28.0 feet grading 8.05 oz/t Ag and 15.7 feet grading 3.29 oz/t Ag and 0.182 oz/t Au. (a complete description of the intervals is set out in the following table)

Summary of Drilling Results

Hole 10NL-1 encountered old mine workings in the hanging wall at 730 feet, went through the opening 10 feet and could not be advanced due to metal objects in the drift.

Results and Comments
Azimuth °Dip °Interval*FeetAu
10NL-1164 °-65 °Hit workings, no significant mineralization.
11NL-2164 °-84 °691.5-70715.50.35581.7
11NL-3141 °-85 °Low grade veins in HW, no significant assays.
11NL-4118 °-81 °430.4-431.41.00.10521.53
11NL-5190 °-75 °613.7-632.518.82.560.074241.47.10
11NL-6158 °-79 °Assays Pending
*True widths have not been calculated and are therefore not known

John A. Versfelt, President & CEO of the Company says, "We are very pleased that the new results at Nivloc have confirmed both the location and value of the Nivloc vein system and we look forward to aggressively exploiting this discovery."

Six core holes totaling 6,791 feet (2070 meters) have been completed to test the in-place resource of the -55 degree NW dipping Nivloc vein system. Four holes were drilled from Pad 1 situated some 1,000 feet NW of where surface traces of the vein are found. The holes were directed toward the central part of the vein in the main 600 foot deep shaft area. On completion of hole 11NL-4 the drill was moved to Pad 2, some 750 feet SSW of Pad 1, closer to the vein trace in order to test the West End deposit of the vein system. Hole 11NL-5 intersected the true Nivloc vein and hit the four significant grade intervals of probable mining width mentioned above. Hole 11NL-6, is visually interpreted by the Company's qualified person on site, to have intersected similar mineralization approximately 150 feet along strike to the NW from hole 11NL-5. Assays are pending for Hole 11NL-6. Both 11NL-5 and 11NL-6 cut the dipping vein between the 440 and 600 mine levels.

The Nivloc Mine project represents a quartz-adularia epithermal vein system where ore grade material was mined and milled from 1937 to 1943 by Desert Silver. The operation was shut down during the Second World War by War Production Board Limitation Order L-208, when, in the interests of national defense, miners were ordered to stop mining precious metals in order to focus on strategic minerals such as copper.

A considerable un-mined (historic non NI 43-101 compliant and therefore not to be relied upon) resource of 621,314 short tons at a grade of 4.5oz/t Ag and 0.03 oz/t Au resource was documented by Anaconda Minerals in 1948 and by Sunshine Mining in the mid-1980's. See IMMC press releases of October 14, 2010 and January 12, 2011. The Nivloc vein system occurs in a structural zone up to 150 feet wide and over 4500 feet long and is considered to be a ring fracture feature associated with the Red Mountain caldera of mid-Tertiary age.

Interpretation of Drill Results

Thomas L. Evans, Professional Geologist, California, the qualified person under NI 43-101 responsible for the drilling program advises that he believes that drill holes 11NL-2 & 3 were not drilled far enough to hit the true Nivloc vein. These holes intersected good quartz vein material in the hanging wall that at first was thought to be the fault displaced Nivloc vein and thus were stopped short. Hole 11NL-4 went farther and hit a strong quartz vein at 1267 to 1310 where the hole was lost. The core size at that depth had been reduced to BQ which resulted in poor core recovery in the vein. Any good values may have been ground up and washed out.

Holes 11NL-5 & 6, drilled from the more southerly Pad 2, intersected the true Nivloc vein at the projected -55 degree dip from its outcrop. It is very encouraging that this portion of the projected West End deposit, of the Ag/Au system, was not included in the Sunshine Mining resource and was not mined out by Desert Silver. This allows for the projection of a much larger un-mined resource than originally thought.

Drill hole 11NL-7 has recently been collared from the new Pad 3, located 450 feet NW of Pad 2. This new pad is positioned to follow the vein down dip and along strike in future drilling. Hole 11NL-7 was designed to intersect the vein down dip from holes 11NL 5 & 6.

Based in part on the initial drill results, the Company has commenced staking additional ground at Nivloc.

Thomas L. Evans, the Company's qualified person under NI 43-101 in charge of the drilling program, prepared, reviewed and approved the contents of this press release.

The drill assay intervals were calculated using the weighted average method. Drill core analysis and assaying was conducted by ALS Chemex which is an ISO Certified laboratory. The Company has implemented a quality assurance and quality control program to ensure that sampling and analysis of all samples is conducted in accordance with the best possible practices. The system includes the use of standards, blanks and duplicates to ensure analytical accuracy.

International Millennium Mining Corp. is a mineral exploration and development company engaged in acquiring known small mine deposits world-wide and in the exploration of polymetallic 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 gold, silver, cobalt, molybdenum, zinc, lead, nickel, copper and platinum group metals. The Company's common shares trade on the TSX Venture Exchange under the symbol: IMI and on the Frankfurt Exchange under the symbol: L9J.


John A. Versfelt, President & CEO

Further information about the Company can be found on SEDAR (

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.

Neither 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 release.

Contact Information

  • International Millennium Mining Corp.
    Ms. Sheri Barton

    International Millennium Mining Corp.
    Mr. John Versfelt
    President & CEO
    (604) 983-8056