International Millennium Mining Corp.
TSX VENTURE : IMI
FRANKFURT : L9J

International Millennium Mining Corp.

August 18, 2010 09:01 ET

International Millennium Confirms New Mineralized Zone at Simon Project, Mineral County, Nevada

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 18, 2010) - International Millennium Mining Corp. (TSX VENTURE:IMI)(FRANKFURT:L9J) (the "Company" or "IMMC") has received assay results from diamond drill holes S10-3 and S10-7, at its Simon Mine project in Mineral County, Nevada. These assay results confirm the presence of significant silver (Ag), lead (Pb) and zinc (Zn) mineralization in a previously unexplored and un-mined block of ground situated between the old No. 1 and No. 3 production shafts. This mineralization occurs at or near a shallow dipping contact between alaskite, rhyolite breccia and Luning limestone approximately 40 feet below the old 353 ft. level and above the 500 ft. level of the Simon Mine. IMMC has completed 7 diamond holes, the location, azimuth, angle, and geology of which were documented in Company news releases dated June 1, 2010 and July 6, 2010.

A Summary Of Results From 7 Drill Holes Follows:

S10-1: No significant Mineralization; hole lost above target depth.            
S10-2: No significant mineralization.            
               
S10-3: SIGNIFICANT INTERCEPT            
               
  INTERVAL            
  From (ft) To (ft) (Ft) Silver g/t Lead % Zinc % Gold g/t
  359.8 387.0 27.2 27 1.05 1.04 0.019
Including: 362.0 375.7 13.7 43 1.67 1.65  
               
S10-4: ANOMALOUS INTERCEPT            
               
  371.0 388.0 17.0 11 0.17 0.20 trace
  452.6 477.0 5.6 5.6 0.29 0.50 trace
               
S10-5: SIGNIFICANT INTERCEPT            
               
  423.7 425.2 1.5 43.0 1.65 0.72 trace
               
S10-6: No significant mineralization.            
               
S10-7: SIGNIFICANT INTERCEPT            
               
  361.0 389.9 28.9 62.3 2.38 2.0 0.065
Including: 361.0 370.5 9.5 104.0 4.39 3.29  
  388.5 389.9 1.4 105.0 4.58 7.07  

The interval 323.5 ft. to 361 ft. showed strongly anomalous silver, lead and zinc values.

The mineralization found in hole S10-7 below 361.0 ft. compares favourably with recorded historic production grades at the Simon Mine between 1919 and 1969. M. Malkoski, in his 1989 report entitled "Geology, Mineral Deposits, and Proposed Exploration at The Simon Mine, Bell District, Mineral County, Nevada" prepared for American Gold Resources Corporation, describes Simon Mine production during that period as "…97,823 tons at grades of 3.20 opt (ounces per ton) Ag, 4.8% Pb and 5.4% Zn." and a May, 2006, NI43-101 compliant report done for IMMC, titled "Technical Report on the Simon Mine (Ag-Pb-Zn-Cu) Property Mineral County, Nevada, by Sears, Barry & Associates Limited, S.M. Sears, P.Geo. reports documented production at the Simon Mine for the 1921 – 1968 period as 94,838 tons having an average grade of 3.18 oz/ton Ag, 4.8% Pb and 5.37% Zn." 

Mineralized zones found in S10-3 and S10-7 are 95 ft. (28.96m) apart along the same contact and will be infill drilled as part of the next drilling program. The ground east of S10-7 is open for drilling for approximately 160 ft. (48.77m) over to the main Simon deposit mined from the No. 1 shaft, providing a 255 foot (77.72m) additional mineralization strike opportunity from S10-3.

IMMC's July 6, 2010 news release included information on a -45 degree RC hole, SR-17, drilled by American Gold Resources (AGR) that intercepted an un-mined hanging wall zone east and adjacent to the main ore body. This relatively shallow intercept, 200 feet below surface, assayed 2.79 opt Ag, 2.91% Pb and 3.30% Zn over 60 ft. occurs 354 ft. (107.9m) vertically above the reported (361.0 ft. to 389.9 ft.) intercept in S10-7, thus providing a 354 ft. (107.9m) interval as a target for infill drilling in order to determine if the S10-7 zone and the reported SR-17 zone are connected. 

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 following analytical methods were utilized by ALS Chemex: ME-MS61, multi-element, ME MS81, multi element including rare earth analysis, PGM-ICP23, AU-AA23, OG62 for lead and zinc higher grade intervals and OG62b for silver checks. Descriptions of these analytical methods can be seen at ALS Chemex web-site (www.chemex.com). The Company has implemented a quality assurance and quality control program to ensure that sampling and analysis of all samples was conducted in accordance with the best possible practices. 

Thomas L. Evans, California Professional Geologist, and a Qualified Person, under NI 43-101 who is in charge of the drill program, prepared and approved the contents of this news release.

About International Millennium Mining Corp.

International Millennium Mining Corp. is a mineral exploration and development company engaged in acquiring known former producing small mines 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.

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.

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.
    Mr. John Versfelt
    President & CEO
    (604) 984-9907
    (604) 983-8056 (FAX)
    info@immc.ca
    or
    International Millennium Mining Corp.
    Mr. Wayne Meredith
    (604) 569-2509
    waynem@immc.ca