International Millennium Mining Corp.

TSX VENTURE : IMI


International Millennium Mining Corp.

December 04, 2012 09:01 ET

International Millennium 2012 In-Fill Drilling Verifies Thickness and Grades at Nivloc Project

NEW WESTMINSTER, BRITISH COLUMBIA--(Marketwire - Dec. 4, 2012) - International Millennium Mining Corp. (TSX VENTURE:IMI) (the "Company" or "IMMC") reports the results from a drill hole completed on its Nivloc Silver and Gold Project located in southwestern Nevada. This hole is part of a planned 11 hole drill program designed to reduce the drill spacing and confirm continuity of the mineralization in an area drill tested in 2011 and in which a National Instrument 43-101 ("NI 43-101") compliant Inferred Mineral Resource was estimated (See IMMC News release dated August 16, 2012 and the Company's website www.immc.ca). This resource area, which is crossed by access/haulage drifts that were developed on four levels while the mine was in production, lies between two partially mined areas exploited by Desert Silver between 1937 and 1942. Hole 12NL-35 was collared from pad 6, and tested an area between the 700 and 800 foot levels within the old mine workings and below resource blocks outlined by the 2011 drilling program.

Drill Highlights from Hole 12NL-35:

115.0 feet @ 89.1 g/t Ag and 0.33 g/t Au - Main Nivloc vein, including:

13.5 feet @ 210.0 g/t Ag and 1.03 g/t Au - Main Nivloc vein, including:

3.0 feet @ 436.0 g/t Ag and 2.57 g/t Au - Main Nivloc vein

The level numbers referred to above, along with distances from other features, are deemed to be approximate.

Drill Hole Results

Hole No.*** AZ Degree Dip Degree Interval (ft ) Width (ft)
(drill
) Width (ft)
(estimated true)*
Ag (g/t ) Au (g/t ) Vein Description**
12NL-35 140 -76 790.0 - 905.0 115.0 85.0 89.1 0.33 MNV
Including 846.5 - 860.0 13.5 10.0 210.0 1.03 MNV
Including 846.5 - 849.5 3.0 2.2 436.0 2.57 MNV
Also Including 890.5 - 905.0 14.5 10.7 151.0 0.41 MNV

*Estimated true widths are calculated and may change slightly with additional structural information.

**Main Nivloc Vein (MNV).

***Previous drill hole results are set out in the Company's prior news releases.

The current drilling program is focused on in-filling and expanding an area that lies between two previously mined zones, within the northeast-trending Nivloc vein structure, where the Company's previous drilling programs outlined an Inferred Mineral Resource. A strongly mineralized zone has been outlined between the 440 and 800 ft level drifts in the old mine workings, with lower grade mineralization above the 440 ft level. The 800 ft mine level is approximately 700 feet vertically below surface, and the vein and workings dip from -45 to -65 degrees toward the northwest. Previous mining at the Nivloc property focused on high-grade mineralized lenses that were encountered while drifting along the vein structure. It appears, from available data, that only one of these parallel vein zones was exploited by mining activity in the 1930s and 1940s. The current IMMC drilling program indicates the Nivloc structure ranges from 50 to more than 150 feet wide and contains several parallel vein zones. In addition to the potential for high-grade lenses similar to those mined in the past, the material between the lenses is consistently mineralized and the entire structure may have potential as a low-grade, bulk-minable deposit.

Two additional holes have been completed and sampled, and results for these will be reported once they are received and verified. These holes were designed to test an area along the eastern end of the Inferred Mineral Resource area defined by the 2011 drilling program. Additional planned holes will be directed 500 feet west, beneath the most westerly workings, and further to the northeast of the main workings, to test the mineralized zone beyond the current target area.

"Now that IMMC has completed and SEDAR filed its initial NI 43-101 compliant inferred resource, it is very satisfying to receive the first assay results from our 2012 in-fill drilling program; these results are consistent with the reported inferred resource and provide the first step in adding to that resource," states John A. Versfelt, President & CEO of the Company.

Seymour Sears, PGeo, the Company's qualified person under NI 43-101 in charge of the drilling program, reviewed and approved the technical disclosure of this press release on behalf of the Company.

IMMC, through its wholly owned subsidiary, International Millennium Mining Inc., has an option agreement with Silver Reserve Corp. ("SRC"), a wholly owned subsidiary of Infrastructure Materials Corp., to acquire an 85% interest in SRC's 18 claim NL Property, which forms part of the Nivloc Property. Full details of the land holdings and terms of the option agreement with SRC are available in the Company's August 16, 2012, news release and on the Company's website.

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

International Millennium Mining Corp. (TSX VENTURE:IMI) is a mineral exploration and development company engaged in acquiring known smaller mine deposits, such as its Nivloc, Nevada silver-gold mine project, in the Americas, with the goal of advancing the properties to the mining stage. Emerging targets include silver, gold, copper, zinc and lead. The Company's common shares trade on the TSX Venture Exchange under the symbol: IMI and on the Frankfurt Exchange under the symbol: L9J.

Effective September 2012, the Company relocated its office to 20 Sixth Street, New Westminster, B.C. V3L 2Y8.

ON BEHALF OF THE BOARD

John A. Versfelt, President and 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.

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
    403-217-5830
    sheribarton@telus.net

    International Millennium Mining Corp.
    Mr. John Versfelt
    President & CEO
    604-527-8135