International Gold Mining Limited
TSX VENTURE : IGL

International Gold Mining Limited

September 16, 2008 08:30 ET

International Gold Mining Expands Its Mkiwa Uranium Anomaly

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 16, 2008) - INTERNATIONAL GOLD MINING LIMITED (TSX VENTURE:IGL) (the "Company") is pleased to advise the market that the company has encountered further exploration success at its uranium project located in the Bahi / Manyoni uranium province in the East African Republic of Tanzania. As reported in earlier announcements the company had identified two surface uranium mineralized anomalies that were approximately three kilometers apart. The company had suspected the two anomalies to be connected, but until now the ground in between had remained untested.

The ground between these two anomalies has now been infill tested with on ground spectrometer radiometric surveys and the result of this detailed ground analysis is that the two previously announced anomalies have been found to actually be joined into one large highly promising uranium mineralized anomaly, which is now to be known as the Mkiwa Uranium Anomaly. Surface spectrometer readings at this exciting uranium mineralized anomaly have to date yielded some significant results with a large portion of the ground spectrometer results going between 0.2 kg/t eU3O8 and 0.6 kg/t eU3O8 but with other spectrometer readings ranging up to a high of 2.4 kg/t eU3O8.

The footprint of this Mkiwa surface uranium anomaly has now been expanded out to cover an area of approximately 5000 metres in length and in places up to 1500 metres in width. This anomaly remains open to the South Eastern end; however it seems to terminate at the North Western end (please see figure 1 for location and footprint of Mkiwa Uranium Anomaly).

The discovery of such a large uranium mineralized anomaly, with such high surface values that would lend itself to negligible stripping ratios, within 20 kilometres of infrastructure, such as a government owned railway line and grid power, has created an excellent exploration opportunity for the company at such an early stage of its Tanzanian exploration programs.



Summary of latest results using 200ppm eU3O8 cut off

------------------------------------------------------
Easting Northing eU3O8 kg/t eU3O8 ppm
------------------------------------------------------
685505 9379156 0.81 811
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683551 9381984 2.4 2338
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685428 9379072 0.49 488
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684235 9381988 0.39 392
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684304 9381924 0.41 405
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684401 9381870 0.22 217
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684529 9381640 0.32 321
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684565 9381660 0.21 208
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684445 9381596 0.22 217
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684433 9381620 0.23 232
------------------------------------------------------
683596 9382048 0.30 299
------------------------------------------------------
683564 9382062 0.37 365
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685261 9376108 0.32 317
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683568 9382074 0.42 416
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683465 9382056 0.54 535
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683548 9381990 0.32 323
------------------------------------------------------
685240 9380794 0.41 408
------------------------------------------------------
683572 9381974 0.22 223
------------------------------------------------------
683508 9382018 0.21 206
------------------------------------------------------
684576 9381472 0.20 204
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685882 9379208 0.42 415
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684681 9380622 0.42 421
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684588 9380494 0.42 420
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684599 9381508 0.22 219
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685002 9380842 0.21 205
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684902 9380930 0.28 276
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eU3O8 uranium equivalent as converted from spectrometer readings.

Note:

The RS-125 Spectrometer, S/N2323, was originally calibrated in Canada over
Radiation Solutions radiometric pads. Fugro Instruments also checked the
calibration of this instrument using its own calibration pads in Sydney,
Australia.

Caution: all results are subject to verification by chemical analysis.


Background to Bahi / Manyoni Project

The Bahi Swamp catchment area is a dry lake covering over 1000 square kilometres and incorporates an extensive drainage system that has developed over 27,000 square kilometres of uranium rich "hot" Achaean granites.

The area has been recognized as an important uranium province since the 1950s when the geological survey of Tanzania reported an intersection of 0.15m @ 2.3 kg/t U3O8 near the centre of Lake Bahi (This result is located on an IGL tenement that is yet to be followed up on).

This view has since been reinforced by the discovery of the Manyoni C1 uranium deposit located approximately 30 kilometres North West of the Lake Bahi intersection, and the discovery of surface mineralization at Mkiwa now by International Gold Mining Limited.

IGL has six tenements in this area totaling over 2500 square kilometres, two of which abut the Western boundary and one which abuts the Southern boundary of the tenement that contains the Manyoni C1 deposit.

Mr. Nick Revell, BSc, is a member of AusIMM and oversees International Gold Mining's project initiatives. Mr. Revell is a Qualified Person as defined in National Instrument 43-101 and he is a Director of International Gold Mining Limited.

On behalf of the Board of Directors

INTERNATIONAL GOLD MINING LIMITED

Alan Phillips, President/CEO

To Figure 1 please click on the following link: http://media3.marketwire.com/docs/IGL0916.pdf

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

Contact Information

  • Capital Street Group
    Investor and Media Inquiries
    Toll Free IR Line: 1-888-684-1183
    Local: (778) 785-0979 or Direct: (604) 988-8186
    Website: www.ingoldmin.com