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

International Millennium Mining Corp.

July 14, 2011 12:20 ET

International Millennium Mining Corp.: More High Grade and Other Significant Intercepts Encountered in Recent Drilling at the Nivloc Project

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 14, 2011) - International Millennium Mining Corp. (TSX VENTURE:IMI) (the "Company") reports assay results from three additional diamond drill holes at its Nivloc Silver and Gold Project in southwestern Nevada. The new results are from holes 11NL-11, 12A & 13, drilled from Pad 3, which is located some 450 feet west of Pad 2. Two additional holes, 11NL-14 & 15, have also been completed from Pad 3. The drill rig has now been moved back to Pad 2, to target the 380-400 ft levels, where the Company anticipates good grade mineralization, which was not mined during the 1930s/1940s. The IMMC drilling program continues to expand the mineralized zone at Nivloc. These latest results reflect vein material not included in Sunshine Mining Company's historic resource of over 621,000 tons in their 1987 report on Nivloc and is outside the areas mined by Desert Silver between 1937 and 1942.


Drill Highlight from hole 11NL-11:                                          
6.8 feet @ 422 gm/t Ag and 5.54 gm/t Au - Main Nivloc vein                  

Drill Highlight from hole 11NL-12A:                                         
7.3 feet @ 287 gm/t Ag and 1.94 gm/t Au - Main Nivloc vein                  

Drill Highlights from hole 11NL-13:                                         
4.6 feet @ 395 gm/t Ag and 0.48 gm/t Au - Hanging Wall vein                 
6.0 feet @ 300 gm/t Ag and 2.56 gm/t Au - Main Nivloc vein

Drill hole 11NL-11 intersected the Nivloc vein system at the 530 ft level, 100 feet southwest of 11NL-5. While hole 11NL-11 experienced poor core recovery in the Main Nivloc vein zone, the results from the recovered core indicate the continuing strength of the Main Nivloc vein. Drill hole 11NL-12A intersected the Main Nivloc vein system at the 740 ft level, 230 feet below or down dip from 11NL-5. Hole 11NL-12A filled a gap at that level that will require additional drilling along strike in both the southwest and northeast directions. Drill hole 11NL-13 intersected the Main Nivloc vein system at the 590 ft level, 80 feet southwest of hole 11NL-11, thus extending the mineralization in that direction. Drill hole 11NL-14 (assays pending) intersected the Main Nivloc vein system at the 740 ft level, 120 feet northeast of hole 11NL-10 and 240 feet southwest of the intercept in hole 11NL-12A. Hole 11NL-14 penetrated Sunshine Mining's historic resource block 700-19W. Drill hole 11NL-15 (assays pending) intercepted the Nivloc vein system at the 580 ft level, 80 feet southwest of hole 13. All references to levels are measured vertically from the surface and not down dip on the 55 degree dipping vein system. The level numbers, along with distances from other hole intercepts, are deemed to be approximate. Sunshine Mining held a lease on the property in the 1980s and completed a block model at that time.

Having completed 15 holes, the Company is beginning to outline an Ag/Au mineralized zone measuring 600 feet along strike and 300 feet down dip, measured vertically.

As mentioned above, the next round of drilling will focus on targeting the 380-400 ft level, 150 to 200 feet above holes 11NL-5 & 6 to the southwest and northeast along strike. It is stressed that no tonnage estimates have been calculated to date. Four holes (11NL-8, 9, 10 & 14) have penetrated Sunshine Mining's historic resource blocks, whereas the results of holes 11NL-5, 6, 7, 11,12A and 13, are beginning to outline a new mineralized zone that lies outside these historic blocks.


Summary of Drill Results To Date

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                                                                       Vein
                AZ      Dip                                     Description
Hole No.   degrees  degrees   Interval(i)   Feet Ag gm/t Au gm/t        (ii)
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11NL-5         190      -75  462.8-463.5     0.7   428.0    2.46        HWV
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                             613.7-632.5    18.8   241.4    2.56        MNV
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                             656.0-665.8     9.8   467.2    0.93        MNV
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                             676.0-704.0    28.0   273.9    0.30        MNV
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                             713.3-729.0    15.7   112.0    6.19        MNV
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including                    725.3-729.0     3.7   208.0   25.50        MNV
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11NL-6         158      -79  370.5-378.0     7.5   719.5    3.56        HWV
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                             649.2-669.3    20.1   180.8    1.70        MNV
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                             704.0-753.5    49.5   106.5    1.09        MNV
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11NL-8         152      -53  541.8-544.5     2.7    85.0    1.04        MNV
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                             549.8-551.8     2.0    88.0    1.60        MNV
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                             657.0-662.5     5.5   293.0    0.43        MNV
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                             666.5-671.0     4.5    54.0    0.77        MNV
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                             833.5-839.2     5.7    95.0    0.60        MNV
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                             845.0-850.0     5.0   198.0    1.52        MNV
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11NL-9         165      -56  662.2-665.8     3.6   360.0    5.46        HWV
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                             877.4-905.0    27.6   142.0    1.60        MNV
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11NL-10        165      -65  797.5-805.0     7.5   501.0    4.67        HWV
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                             851.1-864.5    13.4    75.0    0.37        MNV
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                             919.0-961.5    42.5    94.0    0.57        MNV
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11NL-11        138      -50  411.0-413.0     2.0   100.0    1.64        HWV
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                             735.0-736.5     1.5   153.0    0.91        MNV
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                             750.5-757.3     6.8   422.0    5.54        MNV
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11NL-12A       139      -63  858.3-865.6     7.3   287.0    1.94        MNV
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including                    858.3-862.8     4.5   387.0    2.60        MNV
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                             881.5-901.0    19.5    77.0    0.77        MNV
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11NL-13        153      -50  517.9-519.0     1.1   275.0    3.47        HWV
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                             619.4-624.1     4.7   395.0    0.48        MNV
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                             782.4-789.8     7.4   119.0    2.12        MNV
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                             829.0-848.0    19.0   138.0    1.09        MNV
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including                    829.0-835.0     6.0   300.0    2.56        MNV
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(i) True widths have not been calculated.
(ii) Hanging Wall Vein (HWV); Main Nivloc Vein (MNV)

John A. Versfelt, President & CEO of the Company comments, "The Nivloc project is proving to be an exciting discovery for IMMC. Not only are we verifying the existence of the previously reported Sunshine Mining historical resource, but our drilling program is identifying significant new veins and proving the continuity of all the veins along strike and down dip."

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 (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. 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.

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.
    Ms. Sheri Barton
    403-217-5830
    sheribarton@telus.net

    International Millennium Mining Corp.
    Mr. John Versfelt
    President & CEO
    604-984-9907
    info@immc.ca