🕐11.04.11 - 20:54 Uhr
International Millennium Hits Four Significant Ag/Au Zones in Drill Hole 11NL-5
at Nivloc Mine Project Nevada
*North Vancouver, BC: *International Millennium Mining
Corp.(“IMMC” or the “Company”) is pleased to report that
initial results of it’s diamond drilling program commenced December
21, 2010, at the Company’s Nivloc Mine Ag/Au Project, in Esmeralda
County, Nevada include the following four gold (Au) and silver (Ag)
intervals in hole 11NL-5: (from 613.7 feet to 729 feet depth in the
hole) 18.8 feet grading 7.10 oz/t Ag (ounces per ton), and 0.074 oz/t
Au; 9.8 feet grading 13.74 oz/t Ag and 0.026 oz/t Au; 28.0 feet
grading 8.05 oz/t Ag and 15.7 feet grading 3.29 oz/t Ag and 0.182
oz/t Au.
(a complete description of the intervals is set out in the
following table)
*Summary of Drilling Results *
Hole 10NL-1 encountered old mine workings in the hanging wall at 730
feet, went through the opening 10 feet and could not be advanced due
to metal objects in the drift.
Results and Comments
Hole No.
Azimutho
Dipo
Interval*
Feet
Au gm/t
Au oz/t
Ag gm/t
Ag oz/t
10NL-1
164o
-65 o
Hit workings, no significant mineralization.
11NL-2
164o
-84 o
691.5-707
15.5
0.35
58
1.7
935.3-936.8
1.5
2.01
0.058
26
0.76
11NL-3
141o
-85 o
Low grade veins in HW, no significant assays.
11NL-4
118o
-81 o
430.4-431.4
1.0
0.10
52
1.53
451.3-453.9
2.6
0.30
52
1.53
11NL-5
190o
-75 o
613.7-632.5
18.8
2.56
0.074
241.4
7.10
656.0-665.8
9.8
0.926
0.026
467.2
13.74
676.0-704.0
28.0
0.30
273.9
8.05
713.3-729.0
15.7
6.19
0.182
112
3.29
including
725.3-729.0
3.7
25.5
0.74
208
6.12
11NL-6
158o
-79 o
Assays Pending
*True widths have not been calculated and are therefore not known
John A.
Versfelt, President & CEO of the Company says, “We are very
pleased that the new results at Nivloc have confirmed both the
location and value of the Nivloc vein system and we look forward to
aggressively exploiting this discovery.”
Six core holes totaling 6,791 feet (2070 meters) have been completed
to test the in-place resource of the 55 degree NW dipping Nivloc
vein system.
Four holes were drilled from Pad 1 situated some 1,000
feet NW of where surface traces of the vein are found.
The holes were
directed toward the central part of the vein in the main 600 foot deep
shaft area.
On completion of hole 11NL-4 the drill was moved to Pad 2,
some 750 feet SSW of Pad 1, closer to the vein trace in order to test
the West End deposit of the vein system.
Hole 11NL-5 intersected the
true Nivloc vein and hit the four significant grade intervals of
probable mining width mentioned above.
Hole 11NL-6, is visually
interpreted by the Company’s qualified person on site, to have
intersected similar mineralization approximately 150 feet along
strike to the NW from hole 11NL-5.
Assays are pending for Hole
11NL-6.
Both 11NL-5 and 11NL-6 cut the dipping vein between the 440
and 600 mine levels.
The Nivloc Mine project represents a quartz-adularia epithermal vein
system where ore grade material was mined and milled from 1937 to
1943 by Desert Silver.
The operation was shut down during the Second
World War by War Production Board Limitation Order L-208, when, in
the interests of national defense, miners were ordered to stop mining
precious metals in order to focus on strategic minerals such as
copper.
A considerable un-mined (historic non NI 43-101 compliant and
therefore not to be relied upon) resource of 621,314 short tons at a
grade of 4.5oz/t Ag and 0.03 oz/t Au resource was documented by
Anaconda Minerals in 1948 and by Sunshine Mining in the mid-1980’s.
See IMMC press releases of October 14, 2010 and January 12, 2011.
The
Nivloc vein system occurs in a structural zone up to 150 feet wide
and over 4500 feet long and is considered to be a ring fracture
feature associated with the Red Mountain caldera of mid-Tertiary age.
*Interpretation of Drill Results*
Thomas L.
Evans, Professional Geologist, California, the qualified
person under NI 43-101 responsible for the drilling program advises
that he believes that drill holes 11NL-2 & 3 were not drilled far
enough to hit the true Nivloc vein.
These holes intersected good
quartz vein material in the hanging wall that at first was thought to
be the fault displaced Nivloc vein and thus were stopped short.
Hole
11NL-4 went farther and hit a strong quartz vein at 1267 to 1310
where the hole was lost.
The core size at that depth had been reduced
to BQ which resulted in poor core recovery in the vein.
Any good
values may have been ground up and washed out.
Holes 11NL-5 & 6, drilled from the more southerly Pad 2, intersected
the true Nivloc vein at the projected -55 degree dip from its
outcrop.
It is very encouraging that this portion of the projected
West End deposit, of the Ag/Au system, was not included in the
Sunshine Mining resource and was not mined out by Desert Silver.
This
allows for the projection of a much larger un-mined resource than
originally thought.
Drill hole 11NL-7 has recently been collared from the new Pad 3,
located 450 feet NW of Pad 2.
This new pad is positioned to follow
the vein down dip and along strike in future drilling.
Hole 11NL-7
was designed to intersect the vein down dip from holes 11NL 5 & 6.
Based in part on the initial drill results, the Company has commenced
staking additional ground at Nivloc.
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.
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.
ON BEHALF OF THE BOARD
/ “John A.
Versfelt”/
John A.
Versfelt,
President & CEO
Further information about the Company can be found on SEDAR
(www.sedar.com) or by contacting Ms.
Sheri Barton: 403-217-5830
or Mr.
John Versfelt, President & CEO of the
Company at 604-984-9907.
* * * * * * *
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.
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.
--
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