International Millennium Mining Corp.
TSX VENTURE : IMI

International Millennium Mining Corp.

September 07, 2011 09:01 ET

International Millennium Mining Corp.: More High Grade Intercepts Encountered in Ongoing Drilling at the Nivloc Mine, Nevada Project

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 7, 2011) - International Millennium Mining Corp. (TSX VENTURE: IMI) (the "Company" or "IMMC") reports assay results from five additional diamond drill holes at its Nivloc Silver and Gold Project located in southwestern Nevada. Drilling to date has been from three drill stations (pads) targeting a 1,200 foot long by 600 foot vertical, un-mined zone within the Nivloc Mine. This targeted zone lies between two partially mined areas exploited by Desert Silver between 1937 and 1942. The new results are from holes 11NL-14 & 15, drilled from Pad 3, in the west-center of the target area and from holes 11NL-16, 17 & 18 drilled from Pad 2, located 400 feet east of Pad 3. Six additional drill holes, 11NL-19 to 11NL-24, have also been completed from Pad 2 and a seventh is in progress. Upon completion of drill hole 11NL-25 the drill will be moved to test areas east and west of the targeted block. The IMMC drilling program continues to extend the mineralized zone at Nivloc, which remains open at depth and along strike in both southwest and northeast directions.

Highlights from Holes 11NL-14 to 11NL-18

Drill Highlight from hole 11NL-14:
4.8 feet @ 276 gm/t Ag and 2.33 gm/t Au – Hanging Wall vein
19.0 feet @ 172 gm/t Ag and 1.78 gm/t Au, including:
5.0 feet @ 420 gm/t Ag and 4.57 gm/t Au – Main Nivloc vein

Drill Highlight from hole 11NL-15:
10.2 feet @ 181 gm/t Ag and 2.60 gm/t Au – Hanging Wall vein
3.5 feet @ 86 gm/t Ag and 0.84 gm/t Au – Main Nivloc vein

Drill Highlights from hole 11NL-16:
51.3 feet @ 115 gm/t Ag and 1.23 gm/t Au – Main Nivloc vein, including:
14.5 feet @ 193 gm/t Ag and 0.98 gm/t Au

Drill Highlights from hole 11NL-18:
17.2 feet @ 226 gm/t Ag and 0.11 gm/t Au – Main Nivloc vein, including:
6.2 feet @ 349 gm/t Ag and 0.11 gm/t Au

Drill hole 11NL-14 intersected the Nivloc vein system above the 700 ft level, near the center of the target area and about 250 feet southwest of 11NL-5. Drill hole 11NL-15 intersected the Main Nivloc vein system above the 600 ft level, 400 feet southwest of 11NL-5 and was the most westerly hole to date. Hole 11NL-16 was the first of a series of holes planned to test an unexplored area between surface and the 440 ft level. The results from this hole indicate that this entire block has potential to host easily accessible mineralization. Drill hole 11NL-17 intersected the Main Nivloc vein system above the 440 ft level approximately 110 feet east of hole 11NL-16, and although assays were not as encouraging as the earlier hole, a wide vein system (115.5 feet) was intersected. Some re-assaying is planned for this hole. Hole 11NL-18 intersected the Main Nivloc vein approximately 130 feet east of 11NL-17 and also above the 440 ft level. The level numbers referred to above, along with distances from other hole intercepts, are deemed to be approximate.

As mentioned above, the drilling program is focusing on testing a target area that lies between previously mined zones within the Nivloc vein structure. The target area lies between surface and the existing 800 ft level drift in the old mine workings. The 800 ft level is approximately 900 feet below surface. Previous mining at Nivloc focused on high-grade lenses of ore encountered while drifting along the Main Nivloc vein structure. The current IMMC drilling program indicates that the Nivloc mineral bearing 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 previously exploited. In addition to the potential for high-grade lenses, similar to those that were mined historically, results to date suggest that the material between the lenses is consistently mineralized and the entire structure may have potential as a low grade, bulk mineable deposit.

It is stressed that no tonnage or grade estimates have been calculated to date. The current drilling program is designed to generate enough reliable information to outline viable mineralized zones that can be converted to resources in compliance with NI 43-101 standards.

Summary of Drill Results To Date

Hole No. AZ° Dip° Interval* Feet Ag gm/t Au gm/t Vein Description**
11NL-5 190 -75 462.8-463.5 0.7 428.0 2.46 HWV
613.7-632.5 18.8 241.4 2.56 MNV
656.0-665.8 9.8 467.2 0.93 MNV
676.0-704.0 28.0 273.9 0.30 MNV
713.3-729.0 15.7 112.0 6.19 MNV
including 725.3-729.0 3.7 208.0 25.50 MNV
11NL-6 158 -79 370.5-378.0 7.5 719.5 3.56 HWV
649.2-669.3 20.1 180.8 1.70 MNV
704.0-753.5 49.5 106.5 1.09 MNV
11NL-8 152 -53 541.8-544.5 2.7 85.0 1.04 MNV
549.8-551.8 2.0 88.0 1.60 MNV
657.0-662.5 5.5 293.0 0.43 MNV
666.5-671.0 4.5 54.0 0.77 MNV
833.5-839.2 5.7 95.0 0.60 MNV
845.0-850.0 5.0 198.0 1.52 MNV
11NL-9 165 -56 662.2-665.8 3.6 360.0 5.46 HWV
877.4-905.0 27.6 142.0 1.60 MNV
11NL-10 165 -65 797.5-805.0 7.5 501.0 4.67 HWV
851.1-864.5 13.4 75.0 0.37 MNV
919.0-961.5 42.5 94.0 0.57 MNV
11NL-11 138 -50 411.0-413.0 2.0 100.0 1.64 HWV
735.0-736.5 1.5 153.0 0.91 MNV
750.5-757.3 6.8 422.0 5.54 MNV
11NL-12A 139 -63 858.3-865.6 7.3 287.0 1.94 MNV
including 858.3-862.8 4.5 387.0 2.60 MNV
881.5-901.0 19.5 77.0 0.77 MNV
11NL-13 153 -50 517.9-519.0 1.1 275.0 3.47 HWV
619.4-624.1 4.7 395.0 0.48 MNV
782.4-789.8 7.4 119.0 2.12 MNV
829.0-848.0 19.0 138.0 1.09 MNV
including 829.0-835.0 6.0 300.0 2.56 MNV
11NL-14 161 -65 746.0-750.8 4.8 276.0 2.33 HWV
810.7-817.6 6.9 189.0 1.26 MNV
914.0-933.0 19.0 172.0 1.78 MNV
including 928.0-993.0 5.0 420.0 4.57 MNV
11NL-15 168 -49 661.6-671.8 10.2 181.0 2.60 HWV
842.5-858.0 15.5 52.0 0.37 MNV
including 842.5-847.0 4.5 82.0 0.46 MNV
also including 854.5-858.0 3.5 86.0 0.84 MNV
11NL-16 187 -49 445.5-496.8 51.3 115.0 1.23 MNV
including 445.5-460.0 14.5 193.0 0.98 MNV
also including 490.0-496.8 6.8 250.0 2.19 MNV
11NL-17 168 -51 319.8-326.5 6.7 23.0 0.29 HWV
482.5-486.6 4.1 47.0 0.10 MNV
11NL-18 139 -50 560.3-577.5 17.2 226.0 0.11 MNV
including 566.3-572.5 6.2 349.0 0.11 MNV
626.3-645.0 18.7 85.0 0.58 MNV
including 632.0-637.3 5.3 113.0 0.96 MNV

*True widths have not been calculated.

**Hanging Wall Vein (HWV); Main Nivloc Vein (MNV)

John A. Versfelt, President & CEO of the Company comments, "Seldom does one have an opportunity in the mining sector to be involved in the discovery of a deposit, especially one with the potential of the Nivloc Mine Property. It is exciting to develop and build a project that in the not too distant future has the possibility of becoming a producing silver and gold mine."

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 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. (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.

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
    604-984-9907