International Millennium Mining Corp.

International Millennium Mining Corp.

February 23, 2012 09:01 ET

International Millennium Mining Corp.: 2012 Drilling Program Begins at Nivloc Nevada Project

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 23, 2012) - International Millennium Mining Corp. (TSX VENTURE:IMI) (the "Company" or "IMMC") has commenced the second phase of a drilling program at its Nivloc Silver and Gold Project located in southwestern Nevada. The holes in this program are designed to tighten the drill spacing in parts of a target area drilled with 34 holes in 2011 and to expand the currently defined mineralized zone by stepping out along strike towards the northeast and southwest.

Assays have been received from Holes 11NL-31 and 11NL-34 (see drill highlights and table below), located in the western part of the Nivloc Vein Structure. All 4 holes were collared from pad 4 and are part of a systematic drilling program designed to test a 1,200 foot long by 600 foot vertical, un-mined zone within the Nivloc Mine. This target zone, 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. Three of these holes were designed to test the upper part of the target area, above the area outlined by previous drilling.

All holes intersected the Nivloc host structure with the best intersection being from the deepest hole, 11NL-31.

Drill Highlights from hole 11NL-31:

53 feet @ 92.3 g/t Ag and 0.86 g/t Au - Main Nivloc vein, including:

22 feet @ 165.3 g/t Ag and 1.88 g/t Au - Main Nivloc vein

Hole 11NL-31 intersected the Nivloc vein system between the 700 and 800 ft levels, in the western portion of the target area, 200 feet east of the westernmost mine workings.

Holes 11NL-32 intersected the zone beneath the 440 ft level. Holes 11NL-33 and 11NL-34 were aimed above the 440 ft level with the latter intersecting the zone at its shallowest point to date (200 ft level). The holes show a weakening of grade in this area, although 11NL-34 is thought to have drilled down an offsetting fault structure, missing the better part of the zone. The level numbers referred to above, along with distances from other features, are deemed to be approximate.

Drill Hole Results

Hole No.(3) AZ° Dip° Interval (ft) Width (ft)
Width (ft)
(estimated true)(1)
Ag (g/t) Au (g/t) Vein Description(2)
11NL-31 055 -86 876.0 - 929.0 53.0 35.4 92.3 0.86 MNV
Including 896.0 - 918.0 22.0 14.7 165.3 1.88 MNV
11NL-32 116 -63 624.5 - 713.0 88.5 68.0 25.1 0.23 MNV
Including 624.5 - 660.0 35.5 27.3 45.5 0.50 MNV
Including 629.0 - 635.0 6.0 4.6 106.0 0.80 MNV
11NL-33 090 -68 610.0 - 746.0 136.0 75.6 10.1 0.07 MNV
Including 739.0 - 746.0 7.0 3.9 31.7 0.16 MNV
11NL-34 109 -47 621.0 - 657.0 36.0 27.9 36.7 0.19 MNV
Including 626.0 - 629.8 3.8 2.9 142.0 0.13 MNV

(1) Estimated true widths are calculated and may change slightly with additional structural information.

(2) Main Nivloc Vein (MNV).

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

As mentioned above, the current drilling program is focused on a target area that lies between previously mined zones within the northeast-southwest-trending Nivloc vein structure. 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 900 feet vertically below surface, and the vein and workings dip from minus-45 to minus-65 degrees toward the northwest. Previous mining at Nivloc focused on high-grade lenses of ore that were encountered while drifting along the vein structure. The current IMMC drilling program indicates the Nivloc structure ranges from 50 to more than 150 feet wide and contains several parallel vein zones. It appears, from available data, that only one of these parallel vein zones was exploited by prior mining activity in the 1930s and 1940s. 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.

Part of the 2012 drilling program will be directed beneath and 500 feet west of the most westerly workings, and to the northeast of the main workings in order to test the mineralized zone beyond the current target area.

Information from the current drilling program has been incorporated into a geological model for the Nivloc deposit. The results are currently being evaluated for the purpose of converting the data into a NI 43-101 compliant resource for the area drilled and to determine locations for additional drilling.

John A. Versfelt, President and Chief Executive Officer of the Company, comments, "With the consistent excellent drill results that we continue to intersect at Nivloc, the Company is pursuing its plan to drill throughout 2012 to build the NI 43-101 resource."

Thomas L. Evans, 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.

International Millennium Mining Corp., 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. (OTCBB: IFAM) to acquire an 85% interest in SRC's 18 claim NL Property, which forms part of the Nivloc Property.

The drill assay intervals were calculated using the weighted average method. Drill core assaying was conducted by ALS Minerals, 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 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.


John A. Versfelt, President & CEO

Further information about the Company can be found on the IMMC website (, 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