SOURCE: International Minerals Corporation

International Minerals Corporation

June 16, 2011 18:00 ET

International Minerals Announces Drill Results From Goldfield Project, Nevada Including Gold Intercepts of 22.8m at 1.3 g/t and 15.2m at 2.4 g/t

SCOTTSDALE, AZ--(Marketwire - Jun 16, 2011) - International Minerals Corporation (TSX: IMZ) (SWISS: IMZ) announces additional drill results from its 100%-owned Goldfield gold project in southern Nevada where IMZ anticipates completing a feasibility study by mid-2012.

The Goldfield Project comprises three main mineralized areas (Goldfield Main, McMahon Ridge and Gemfield) and several other exploration targets.

The new drill assay results include reverse circulation ("RC") and core drill holes intended to extend and upgrade the existing mineral resources at the Goldfield Main Deposit ("Extension Drilling") together with RC drill holes in areas outside of previously-published resource estimates ("Exploration Drilling").

In addition, at the Goldfield Main, McMahon Ridge and Gemfield deposits, assay results are reported from core holes that were drilled to acquire samples for metallurgical studies and to twin (or duplicate) current and historical RC holes for quality control purposes. One metallurgical drill hole at the Gemfield Deposit, which drilled down the dip of the mineralization, intersected 30.5 meters ('m') at an average uncut grade of 51 grams per tonne ("g/t") gold.

New assay results for 19 core holes totaling 2,699m, and 61 RC drill holes totaling 13,334m, are summarized in Appendix 3 and shown on the plan maps in Appendices 1 and 2.

To date IMZ has reported drill assay results for a total of 182 RC and 19 core drill holes totaling 42,633m at the Goldfield Project.

Extension/Exploration Drilling Program

Highlights from of the new assay results (uncut average gold grades in g/t; true widths, unless indicated by an asterisk), include the following intercepts (all RC holes):

-- 22.8m at 1.3 g/t in drill hole 2011-122 (Extension Drilling)
-- 9.1m at 1.6 g/t in 2011-127 (Extension Drilling)
-- 6.1m at 2.0 g/t in 2011-143 (Extension Drilling)
-- 13.7m at 1.3 g/t in GEMR-005 (Exploration Drilling -North Gemfield)
-- 15.2m at 2.4 g/t in GEMR-008 (Exploration Drilling -North Gemfield)
-- 18.3m at 2.3 g/t in KEN-003 (Exploration Drilling -Kendall)*
(*True width cannot yet be estimated)

The Exploration Drilling program has been focused to the north and northeast of the Gemfield deposit (see map in Appendix 2), at the Gemfield North, Kendall and Tailings areas (the latter so-called due to the presence on surface of mill tailings from historical production, which are not currently being evaluated by IMZ).

The Extension Drilling program is currently entirely focused on the Goldfield Main deposit (see map in Appendix 1), where both RC and core drilling is targeted at upgrading and extending the existing gold resource.

Goldfield Project NI 43101 Mineral Resources

The Goldfield project hosts three known gold resources; Goldfield Main, Gemfield and McMahon Ridge. The current estimated mineral resources for the overall Goldfield project are:

-- 1,247,000 ounces of Measured and Indicated resources, contained
   in 31.3 million tonnes ("Mt") at an average grade of
   1.2 g/t gold; and

-- 385,000 ounces of Inferred resources, contained in 7.7 Mt at an
   average grade of 1.6 g/t gold.

The gold cut-off grades used were 0.34 g/t for Gemfield and McMahon Ridge and 0.4 g/t for Goldfield Main.

Mineral resource estimates at the Goldfield project have been conducted separately for the Goldfield Main deposit and the Gemfield/McMahon Ridge deposits:

-- at Goldfield Main, the mineral resources were estimated in 2011
   by Qualified Person ("QP") R.Mohan Srivastava P.Geo (see IMZ
   press release dated February 1st, 2011).

-- at Gemfield and McMahon Ridge, the mineral resources were estimated
   in 2005 by Watts, Griffis and McOuat, with John R. Sullivan,
   P.Geo as the QP.

Metallurgical and QAQC Twin hole drilling

IMZ drilled core holes at Gemfield and McMahon Ridge to acquire sufficient samples to conduct feasibility-level metallurgical testwork to evaluate both a heap leach recovery scenario and an agitation leach processing option.

It is important to note that the metallurgical drill holes have been designed to optimize the amount of mineralized material and so are typically drilled down the dip of (i.e. parallel to) the mineralized zones and are all drilled into areas of known mineralization. Accordingly the drill results may not be representative of the mineralization generally found at Gemfield and McMahon Ridge.

The twin (or duplicate) drill hole QAQC (Quality Assessment/Quality Control) program has been designed to confirm not only that samples generated from RC drilling in the presence of old workings are reliable but also that historical data are reliable from drill campaigns with limited verifiable supporting data. These twin holes have intentionally targeted areas of better-than-average grade from previous drill holes.

Highlights of the Metallurgical and Twin-hole Core Drilling Programs are shown below (uncut grades; drill intercepts are not reflective of true width):

-- 30.49m at 51.15 g/t in MCM-005C (Metallurgical)
-- 48.78m at 23.7 g/t in GEM-002C (Metallurgical)
-- 35.82m at 9.15 g/t in MCM-005C (Metallurgical)
-- 52.29m at 9.13 g/t in MCM-004C (Metallurgical)
-- 7.93m at 11.37 g/t in MCM-002C (Metallurgical)
-- 12.2m at 3.77 g/t in GMD-004C (Twin)
-- 6.1m at 7.33 g/t in MCM-003C (Metallurgical)
-- 13.66m at 2.96 g/t in MCM-003C (Metallurgical)

Sample intervals are currently being selected for the metallurgical testwork and final results from the column leach tests are not expected until the fourth quarter of this year. The results of the twin-hole program will be reviewed in detail and used in support of an updated mineral resource estimate for Goldfield Main expected to be published before the end of the year.

Environmental Baseline Studies

As an integral part of the planned feasibility study at Goldfield, scheduled to be completed in the summer of 2012, an environmental baseline study has also commenced, with the following components currently in progress:

-- Hydrogeological characterization program - drilling, installation and
   development of groundwater monitoring wells at the three deposits, to
   be followed by hydraulic testing, monitoring and modeling of
   groundwater quantity and quality.
-- Geochemical characterization program - acid base accounting (ABA)
   testing of samples from representative waste rock locations.

This work complements previous studies by previous property owner, Metallic Ventures, relating to hydrology, biological and cultural resources, and waste rock characterization.

About International Minerals

International Minerals is a silver-gold producer, explorer and developer with silver-gold production from its 40%-owned Pallancata Mine in Peru, the fifth largest primary silver mine in the world. Production at Pallancata in calendar year 2010 was approximately 10.1 million ounces of silver and 36,000 ounces of gold (on a 100% project basis).

In addition to the Pallancata Mine, IMZ also owns a 40% interest in the Inmaculada gold-silver project in Peru and majority or 100% ownership interests in development stage gold projects in Nevada (Goldfield and Converse) and Ecuador (Rio Blanco and Gaby). IMZ also receives a 3% net smelter return royalty from Barrick Gold's Ruby Hill gold mine in Nevada, which produced approximately 80,000 gold ounces in 2010.

IMZ is listed on the Toronto Stock Exchange (since 1994) and the Swiss Stock Exchange (since 2002).

The technical information reported in this news release was reviewed by IMZ's Qualified Person, Exploration Manager, Mark Cannuli.

To acess this news release from IMZ's website, please click this link: http://www.intlminerals.com/newsreleases.php.

Cautionary Statement:

Some of the statements contained in this release are "forward-looking statements" within the meaning of Canadian securities law requirements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding mineral resource estimates and planned feasibility studies. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks in maintaining production and processing rates, risks of cost escalation, risks of estimating mineral resources, risks of timely completion of feasibility and other technical studies and other risks and uncertainties detailed in the Company's Renewal Annual Information Form for the year ended June 30, 2010, which is available at www.sedar.com under the Company's name. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

                 Goldfield Project- Significant Drill Results
                     IMZ News Release dated June 16, 2011
---------------------------------------------------------------------------
                                      Total     Intersection
  Drill Hole           Type/          Depth        From-To        Host
    Number           RC or Core       (feet)       (feet)         Type
---------------------------------------------------------------------------
Goldfield Main
 Deposit
---------------------------------------------------------------------------
   GMD-001C          Twin/Core         703         510-525        Rock
---------------- ---------------- ------------- ------------- -------------
                                                   537-545        Rock
---------------- ---------------- ------------- ------------- -------------
                                                   550-636        Rock
---------------- ---------------- ------------- ------------- -------------
                                                   646-681        Rock
---------------- ---------------- ------------- ------------- -------------
   GMD-002C          Twin/Core         766         615-645        Rock
---------------- ---------------- ------------- ------------- -------------
                                                   652-685        Rock
---------------- ---------------- ------------- ------------- -------------
                                                   685-703      Stope Fill
---------------- ---------------- ------------- ------------- -------------
   GMD-004C          Twin/Core         554         405-445        Rock
---------------- ---------------- ------------- ------------- -------------
                                                   455-470        Rock
---------------- ---------------- ------------- ------------- -------------
                                                   485-490        Rock
---------------- ---------------- ------------- ------------- -------------
   GMD-005C          Twin/Core         402         220-235        Rock
---------------- ---------------- ------------- ------------- -------------
                                                   245-302        Rock
---------------- ---------------- ------------- ------------- -------------
   GMD-006C          Twin/Core         337         129-141      Stope Fill
---------------- ---------------- ------------- ------------- -------------
                                                   167-180      Stope Fill
---------------- ---------------- ------------- ------------- -------------
                                                   308-329      Stope Fill
---------------- ---------------- ------------- ------------- -------------
   GMD-007C          Twin/Core         337         172-201      Stope Fill
---------------- ---------------- ------------- ------------- -------------
                                                   270-295        Rock
---------------- ---------------- ------------- ------------- -------------
   GMD-008C          Twin/Core         280         120-153        Rock
---------------- ---------------- ------------- ------------- -------------
   GMD-009C          Twin/Core         280         135-175        Rock
---------------- ---------------- ------------- ------------- -------------
                                                   175-185      Stope Fill
---------------- ---------------- ------------- ------------- -------------
                                                   185-220        Rock
---------------- ---------------- ------------- ------------- -------------
   2011-122        Extension/RC       1100         895-970        Rock
---------------- ---------------- ------------- ------------- -------------
   2011-123        Extension/RC        900         800-805        Rock
---------------- ---------------- ------------- ------------- -------------
   2011-124        Extension/RC       1040         895-915        Rock
---------------- ---------------- ------------- ------------- -------------
   2011-125        Extension/RC       1100           ---          Rock
---------------- ---------------- ------------- ------------- -------------
   2011-126        Extension/RC       1060         930-940        Rock
---------------- ---------------- ------------- ------------- -------------
   2011-127        Extension/RC       1080        980-1010        Rock
---------------- ---------------- ------------- ------------- -------------
   2011-128        Extension/RC       1100         935-965        Rock
---------------- ---------------- ------------- ------------- -------------
   2011-129        Extension/RC       1100           ---          Rock
---------------- ---------------- ------------- ------------- -------------
   2011-130C      Extension/Core      1103         923-936        Rock
---------------- ---------------- ------------- ------------- -------------
   2011-131        Extension/RC       1060         920-975        Rock
---------------- ---------------- ------------- ------------- -------------
   2011-132        Extension/RC       1090         915-955        Rock
---------------- ---------------- ------------- ------------- -------------
   2011-133        Extension/RC       1100        980-1025        Rock
---------------- ---------------- ------------- ------------- -------------
   2011-134        Extension/RC       1200           ---          Rock
---------------- ---------------- ------------- ------------- -------------
   2011-135        Extension/RC       1200           ---          Rock
---------------- ---------------- ------------- ------------- -------------
   2011-136        Extension/RC       1160         955-985        Rock
---------------- ---------------- ------------- ------------- -------------
   2011-137        Extension/RC       1100        975-1050        Rock
---------------- ---------------- ------------- ------------- -------------
   2011-138        Extension/RC       1100        965-1025        Rock
---------------- ---------------- ------------- ------------- -------------
   2011-139        Extension/RC       1150       1035-1075        Rock
---------------- ---------------- ------------- ------------- -------------
   2011-140        Extension/RC       1250       1115-1140        Rock
---------------- ---------------- ------------- ------------- -------------
   2011-141        Extension/RC       1200           ---          Rock
---------------- ---------------- ------------- ------------- -------------
   2011-142        Extension/RC       1350       1225-1320        Rock
---------------- ---------------- ------------- ------------- -------------
   2011-143        Extension/RC       1200          0-20          Rock
---------------------------------------------------------------------------
Gemfield Deposit
---------------------------------------------------------------------------
                  Metallurgical/
   GEM-001C            Core             253       125-225         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  230-240         Rock
---------------- ---------------- ------------- ------------- -------------
                  Metallurgical/
   GEM-002C            Core             253        30-190         Rock
---------------- ---------------- ------------- ------------- -------------
                                    Includes:       35-40         Rock
---------------- ---------------- ------------- ------------- -------------
                                       And:         50-55         Rock
---------------- ---------------- ------------- ------------- -------------
                                       And:         70-75         Rock
---------------- ---------------- ------------- ------------- -------------
                  Metallurgical/
   GEM-003C            Core             251         35-51         Rock
---------------- ---------------- ------------- ------------- -------------
                                                    52-95         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  105-120         Rock
---------------- ---------------- ------------- ------------- -------------
                  Metallurgical/
   GEM-004C            Core             500         45-60         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  115-125         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  140-234         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  241-255         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  280-365         Rock
---------------- ---------------- ------------- ------------- -------------
                  Metallurgical/
   GEM-005C            Core             550        58-160         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  160-185         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  215-293         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  295-360         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  370-460         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  475-535         Rock
---------------------------------------------------------------------------
McMahon Ridge
 Deposit
---------------------------------------------------------------------------
                  Metallurgical/
   MCM-001C            Core             202         25-40         Rock
---------------- ---------------- ------------- ------------- -------------
                                                    45-50         Rock
---------------- ---------------- ------------- ------------- -------------
                                                    55-65         Rock
---------------- ---------------- ------------- ------------- -------------
                                                   90-120         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  132-160         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  165-170         Rock
---------------- ---------------- ------------- ------------- -------------
                  Metallurgical/
   MCM-002C            Core             353         80-85         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  190-216         Rock
---------------- ---------------- ------------- ------------- -------------
                                    Includes:     195-200         Rock
---------------- ---------------- ------------- ------------- -------------
                  Metallurgical/
   MCM-003C            Core             603       105-125         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  175-185         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  220-240         Rock
---------------- ---------------- ------------- ------------- -------------
                                    Includes:     225-230         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  244-289         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  290-365         Rock
---------------- ---------------- ------------- ------------- -------------
                  Metallurgical/
   MCM-004C            Core             401        80-125         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  145-187         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  230-401         Rock
---------------- ---------------- ------------- ------------- -------------
                                    Includes:     250-255         Rock
---------------- ---------------- ------------- ------------- -------------
                                       And:       385-390         Rock
---------------- ---------------- ------------- ------------- -------------
                  Metallurgical/
   MCM-005C            Core             604          0-65         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  100-110         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  120-220         Rock
---------------- ---------------- ------------- ------------- -------------
                                    Includes:     165-175         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  304-330         Rock
---------------- ---------------- ------------- ------------- -------------
                                    Includes:     304-310         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  332-450         Rock
---------------- ---------------- ------------- ------------- -------------
                                    Includes:     355-360         Rock
---------------- ---------------- ------------- ------------- -------------
                                       And:       400-405         Rock
---------------- ---------------- ------------- ------------- -------------
                                                  474-540         Rock
---------------- ---------------- ------------- ------------- -------------
                                    Includes:     490-494         Rock
---------------------------------------------------------------------------
Gemfield North
 Area**
---------------------------------------------------------------------------
    GEMR-003      Exploration/RC      675         320-335         Rock
---------------- ---------------- ------------- ------------- -------------
    GEMR-004      Exploration/RC      600         275-315         Rock
---------------- ---------------- ------------- ------------- -------------
    GEMR-005      Exploration/RC      665         355-400         Rock
---------------- ---------------- ------------- ------------- -------------
    GEMR-006      Exploration/RC      790         610-630         Rock
---------------- ---------------- ------------- ------------- -------------
    GEMR-007      Exploration/RC      845         430-470         Rock
---------------- ---------------- ------------- ------------- -------------
    GEMR-008      Exploration/RC      825         575-625         Rock
---------------- ---------------- ------------- ------------- -------------
    GEMR-009      Exploration/RC      835         510-555         Rock
---------------- ---------------- ------------- ------------- -------------
    GEMR-016      Exploration/RC      845         620-640         Rock
---------------------------------------------------------------------------
**No significant values in drill holes GEMR-1, 2, 10-15

---------------------------------------------------------------------------
Kendall Area**
---------------------------------------------------------------------------
    KEN-003       Exploration/RC      300           20-80         Rock
---------------------------------------------------------------------------
**No significant values in drill holes KEN-1, 2, 4-15

---------------------------------------------------------------------------
Tailings Area**
---------------------------------------------------------------------------
    TL-002        Exploration/RC      500         235-275         Rock
---------------- ---------------- ------------- ------------- -------------
    TL-006        Exploration/RC      400           20-30         Rock
---------------------------------------------------------------------------
**No significant Values in drill holes TL-1, 3-5, 7-8.



------------------------------------------------------------------------
                  Intercept      Intercept    True Width       Gold
                   (feet)        (meters)      (meters)        (g/t)
------------------------------------------------------------------------
Goldfield Main
 Deposit
------------------------------------------------------------------------
   GMD-001C            15           4.6           4.5           5.4
---------------- ------------- ------------- ------------- -------------
                        8           2.4           2.4           3.3
---------------- ------------- ------------- ------------- -------------
                       86          26.2          26.2           1.7
---------------- ------------- ------------- ------------- -------------
                       35          10.7          10.6           0.9
---------------- ------------- ------------- ------------- -------------
   GMD-002C            30           9.2           6.4           0.5
---------------- ------------- ------------- ------------- -------------
                       33          10.1           7.0           1.9
---------------- ------------- ------------- ------------- -------------
                       18           5.5           3.8           1.4
---------------- ------------- ------------- ------------- -------------
   GMD-004C            40          12.2          11.2           3.8
---------------- ------------- ------------- ------------- -------------
                       20           6.1           5.6           0.5
---------------- ------------- ------------- ------------- -------------
                        5           1.5           1.4           1.4
---------------- ------------- ------------- ------------- -------------
   GMD-005C            15           4.6           2.1           3.1
---------------- ------------- ------------- ------------- -------------
                       57          17.5           8.2           0.7
---------------- ------------- ------------- ------------- -------------
   GMD-006C            12           6.7             *           2.3
---------------- ------------- ------------- ------------- -------------
                       13           3.8             *           1.2
---------------- ------------- ------------- ------------- -------------
                       21           6.4             *           0.9
---------------- ------------- ------------- ------------- -------------
   GMD-007C            29           8.8             *           0.7
---------------- ------------- ------------- ------------- -------------
                       25           7.6             *           1.7
---------------- ------------- ------------- ------------- -------------
   GMD-008C            33          10.1           7.3           0.5
---------------- ------------- ------------- ------------- -------------
   GMD-009C            40          12.2          11.1           1.5
---------------- ------------- ------------- ------------- -------------
                       10           3.1           2.8           1.4
---------------- ------------- ------------- ------------- -------------
                       35          10.7           9.7           1.5
---------------- ------------- ------------- ------------- -------------
   2011-122            75          22.9          22.8           1.3
---------------- ------------- ------------- ------------- -------------
   2011-123             5           1.5           1.5           0.9
---------------- ------------- ------------- ------------- -------------
   2011-124            20           6.1           6.1           0.6
---------------- ------------- ------------- ------------- -------------
   2011-125                            No significant Values
---------------- ------------- ------------- ------------- -------------
   2011-126            10           3.1           3.0           0.7
---------------- ------------- ------------- ------------- -------------
   2011-127            30           9.2           9.1           1.6
---------------- ------------- ------------- ------------- -------------
   2011-128            30           9.2           9.1           1.0
---------------- ------------- ------------- ------------- -------------
   2011-129                            No significant Values
---------------- ------------- ------------- ------------- -------------
   2011-130C           13           4.0           3.9           0.6
---------------- ------------- ------------- ------------- -------------
   2011-131            55          16.8          16.7           0.5
---------------- ------------- ------------- ------------- -------------
   2011-132            40          12.2          12.2           0.9
---------------- ------------- ------------- ------------- -------------
   2011-133            45          13.7          13.7           0.4
---------------- ------------- ------------- ------------- -------------
   2011-134                            No significant Values
---------------- ------------- ------------- ------------- -------------
   2011-135                            No significant Values
---------------- ------------- ------------- ------------- -------------
   2011-136            30           9.2           9.1           0.7
---------------- ------------- ------------- ------------- -------------
   2011-137            75          22.9          22.8           0.6
---------------- ------------- ------------- ------------- -------------
   2011-138            60          18.3          18.2           0.4
---------------- ------------- ------------- ------------- -------------
   2011-139            40          12.2          12.2           0.5
---------------- ------------- ------------- ------------- -------------
   2011-140            25           7.6           7.6           0.6
---------------- ------------- ------------- ------------- -------------
   2011-141                             Assays Not Available
---------------- ------------- ------------- ------------- -------------
   2011-142            95          29.0          28.9           0.6
---------------- ------------- ------------- ------------- -------------
   2011-143            20           6.1           6.1           2.0
------------------------------------------------------------------------
Gemfield Deposit
------------------------------------------------------------------------
   GEM-001C           100          30.5          22.3           1.5
---------------- ------------- ------------- ------------- -------------
                       10           3.1           2.2           1.8
---------------- ------------- ------------- ------------- -------------
   GEM-002C           160          48.8          45.9          23.7
---------------- ------------- ------------- ------------- -------------
                        5           1.5           1.4         519.6
---------------- ------------- ------------- ------------- -------------
                        5           1.5           1.4          94.4
---------------- ------------- ------------- ------------- -------------
                        5           1.5           1.4          46.3
---------------- ------------- ------------- ------------- -------------
   GEM-003C            16           4.9           4.9           3.2
---------------- ------------- ------------- ------------- -------------
                       43          13.1          13.1           2.2
---------------- ------------- ------------- ------------- -------------
                       15           4.6           4.6           0.5
---------------- ------------- ------------- ------------- -------------
   GEM-004C            15           4.6           2.5           1.6
---------------- ------------- ------------- ------------- -------------
                       10           3.1           1.6           0.8
---------------- ------------- ------------- ------------- -------------
                       94          28.7          15.5           0.9
---------------- ------------- ------------- ------------- -------------
                       14           4.4           2.4           1.5
---------------- ------------- ------------- ------------- -------------
                       85          25.9          14.0           2.0
---------------- ------------- ------------- ------------- -------------
   GEM-005C           102          31.1          20.5           1.2
---------------- ------------- ------------- ------------- -------------
                       25           7.6           5.0           0.7
---------------- ------------- ------------- ------------- -------------
                       78          23.8          15.7           1.4
---------------- ------------- ------------- ------------- -------------
                       65          19.8          13.1           1.2
---------------- ------------- ------------- ------------- -------------
                       90          27.4          18.1           1.8
---------------- ------------- ------------- ------------- -------------
                       60          18.3          12.1           2.7
------------------------------------------------------------------------
McMahon Ridge
 Deposit
------------------------------------------------------------------------
   MCM-001C            15           4.6             *           0.6
---------------- ------------- ------------- ------------- -------------
                        5           1.5             *           2.4
---------------- ------------- ------------- ------------- -------------
                       10           3.1             *           1.4
---------------- ------------- ------------- ------------- -------------
                       30           9.2             *           0.7
---------------- ------------- ------------- ------------- -------------
                       28           8.4             *           0.8
---------------- ------------- ------------- ------------- -------------
                        5           1.5             *           1.5
---------------- ------------- ------------- ------------- -------------
   MCM-002C             5           1.5             *           2.5
---------------- ------------- ------------- ------------- -------------
                       26           7.9             *          11.4
---------------- ------------- ------------- ------------- -------------
                        5           1.5             *          47.2
---------------- ------------- ------------- ------------- -------------
   MCM-003C            20           6.1             *           7.3
---------------- ------------- ------------- ------------- -------------
                       10           3.1             *           0.7
---------------- ------------- ------------- ------------- -------------
                       20           6.1             *           7.3
---------------- ------------- ------------- ------------- -------------
                        5           1.5             *          27.1
---------------- ------------- ------------- ------------- -------------
                       45          13.7             *           3.0
---------------- ------------- ------------- ------------- -------------
                       75          22.7             *           3.4
---------------- ------------- ------------- ------------- -------------
   MCM-004C            45          13.7             *           0.5
---------------- ------------- ------------- ------------- -------------
                       42          12.7             *           0.6
---------------- ------------- ------------- ------------- -------------
                      171          52.3             *           9.1
---------------- ------------- ------------- ------------- -------------
                        5           1.5             *         197.2
---------------- ------------- ------------- ------------- -------------
                        5           1.5             *          31.9
---------------- ------------- ------------- ------------- -------------
   MCM-005C            65          19.8             *           1.8
---------------- ------------- ------------- ------------- -------------
                       10           3.1             *           1.1
---------------- ------------- ------------- ------------- -------------
                      100          30.5             *          51.2
---------------- ------------- ------------- ------------- -------------
                       10           3.1             *         461.1
---------------- ------------- ------------- ------------- -------------
                       26           7.9             *          10.3
---------------- ------------- ------------- ------------- -------------
                        6           1.8             *          30.9
---------------- ------------- ------------- ------------- -------------
                      118          35.8             *           9.2
---------------- ------------- ------------- ------------- -------------
                        5           1.5             *         105.1
---------------- ------------- ------------- ------------- -------------
                        5           1.5             *          47.5
---------------- ------------- ------------- ------------- -------------
                       66          20.1             *           4.2
---------------- ------------- ------------- ------------- -------------
                        4           1.2             *          24.6
------------------------------------------------------------------------
Gemfield North
 Area**
------------------------------------------------------------------------
   GEMR-003            15           4.6           4.5           1.9
---------------- ------------- ------------- ------------- -------------
   GEMR-004            40          12.2          12.2           0.9
---------------- ------------- ------------- ------------- -------------
   GEMR-005            45          13.7          13.7           1.3
---------------- ------------- ------------- ------------- -------------
   GEMR-006            20           6.1           6.1           0.6
---------------- ------------- ------------- ------------- -------------
   GEMR-007            40          12.2          12.2           1.0
---------------- ------------- ------------- ------------- -------------
   GEMR-008            50          15.2          15.2           2.4
---------------- ------------- ------------- ------------- -------------
   GEMR-009            45          13.7          13.7           0.5
---------------- ------------- ------------- ------------- -------------
   GEMR-016            20           6.1           6.1           0.5
------------------------------------------------------------------------
**No significant values in drill holes GEMR-1, 2, 10-15

------------------------------------------------------------------------
Kendall Area**
------------------------------------------------------------------------
KEN-003                60          18.3       Unknown           2.3
------------------------------------------------------------------------
**No significant values in drill holes KEN-1, 2, 4-15

------------------------------------------------------------------------
Tailings Area**
------------------------------------------------------------------------
TL-002                 40          12.2       Unknown           0.4
---------------- ------------- ------------- ------------- -------------
TL-006                 10           3.1       Unknown           0.8
---------------- ------------- ------------- ------------- -------------
**No significant Values in drill holes TL-1, 3-5, 7-8.

Note: "Stope Fill" is where old mine workings were intersected and mine
       back fill was recovered and sampled.
      " * "  indicates zones where true widths of mineralization have not
       yet been determined.
      "Unknown" indicates zones where true widths of mineralization could
      not be determined.

Contact Information

  • For additional information, contact:

    In North America
    Paul Durham
    Vice President Corporate Affairs Relations
    Tel: +1 203 940 2538

    In Europe
    Oliver Holzer
    Marketing Consultant
    Tel: +41 44 853 00 47

    Or email us at: Email Contact
    Internet Site: http://www.intlminerals.com