International Millennium Mining Corp.

International Millennium Mining Corp.

June 23, 2011 09:01 ET

International Millennium Mining Corp.: Drilling at Nivloc Confirms Ag and Au Grades in Both Main Nivloc Vein and Hanging Wall Vein Systems

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 23, 2011) - International Millennium Mining Corp. (TSX VENTURE:IMI)(FRANKFURT:L9J) (the "Company") reports assay results from three additional diamond drill holes at its Nivloc Silver and Gold Project located in southwestern Nevada. Results are from holes 11NL-8, 9 & 10, drilled from Pad 3, located some 450 feet west of Pad 2. Additional holes, including 11NL-14, just completed, and the redrilled 11NL-12A have been drilled from Pad 3 as well. One more drill hole, 11NL-15, is now underway from Pad 3, after which the drill will be moved back to Pad 2 to target the 400 foot Level, which is above 11NL-5 & 6 and to the southwest along strike, where the target is projected high grade mineralization, similar to that which was mined at that level in the mid-1930s to 1943 to both the northeast and southwest of the area where the Company is presently drilling.

Drill Highlights from hole 11NL-8 include:
5.5 feet @ 293 gm/t Ag and 0.43 gm/t Au; - Main Nivloc vein
5.0 feet @ 198 gm/t Ag; and 1.52 gm/t Au; - Main Nivloc vein
Drill Highlights from hole 11NL-9 include:
3.6 feet @ 360 gm/t Ag and 5.46 gm/t Au; - Hanging Wall vein
27.6 feet @ 142.4 gm/t Ag and1.60 gm/t Au; - Main Nivloc vein
Drill Highlights from hole 11NL-10 include:
7.5 feet @ 501 gm/t Ag and 4.67 gm/t Au; - Hanging Wall vein
42.5 feet @ 94 gm/t Ag and 0.57 gm/t Au; - Main Nivloc vein

Targeting the 650 Level area, hole 11NL-8 intersected the Main Nivloc vein some 200 feet west of 11NL-5. Hole 11NL-9 intersected the Main Nivloc vein approximately 320 feet southwest of 11NL-5, closer to the 700 Level. Hole 11NL-10 targeted the 790 Level area 215 feet vertically below and 320 feet southwest of hole 11NL-5. Hole 11NL-5, reported in a prior release, contained four good grade vein zones of probable mining widths.

On June 3, 2011 the Company first announced the new Hanging Wall vein found in hole 11NL-6. This new vein is not included in the Sunshine Mining Company historical reserve block detailed in the Company's news release dated April 11, 2011. Therefore, this new Hanging Wall vein represents an additional heretofore unknown and un-mined vein. Of particular interest in today's reported results are two more good intercepts on this now emerging Hanging Wall high grade vein zone. This Hanging Wall vein, while not of considerable width, is of probable mineable width, and would be considered a valuable asset in any future mining plan. Thus far the Hanging Wall vein has been intersected in holes 11NL-5, 6, 7, 9, & 10.

Assays are pending for holes 11NL-11, 13 & 14 and hole 11NL-12A will be submitted for assay this week.

Having completed 14 holes, the Company is beginning to outline a possible Ag/Au resource block measuring 400 feet along strike and 200 feet down dip, measured vertically.

As mentioned above, the next round of drilling will focus, for now, on targeting the 380-400 Level, 150 to 200 feet above holes 11NL-5 & 6 to the southwest along strike. It is stressed that no tonnage estimates have been calculated to date. Three holes (11NL-8, 9 & 10) have penetrated Sunshine Mining Company's estimated resource blocks, whereas the results of holes 11NL-5, 6 & 7 are beginning to support an area of new vein material that may prove to be mineable.

Summary of Drill Results
(Drill Holes 11NL-5 & 6 Repeated)
Hole No.AZ
Unreported thin Hanging Wall Vein
Hanging Wall Vein
Hanging Wall Vein
*True widths have not been calculated and are therefore not known

John A. Versfelt, President & CEO of the Company comments, "We are very encouraged that our drilling program is developing a new area on the Nivloc property that not only shows continuity of the Main Nivloc vein system, but is also indentifying the new high grade Hanging Wall vein. The Company is continuing to receive funds from the exercise of warrants which is supporting the extension of the drilling program into the Summer, 2011."

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.

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. 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 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 (FAX)