🕐23.06.11 - 18:54 Uhr
DRILLING AT NIVLOC CONFIRMS AG AND AU GRADES IN BOTH MAIN NIVLOC VEIN AND HANGING WALL VEIN SYSTEMS
DRILLING AT NIVLOC CONFIRMS AG AND AU GRADES IN BOTH MAIN NIVLOC VEIN
AND HANGING WALL VEIN SYSTEMS
North Vancouver, BC: International Millennium Mining Corp.
(TSX-V:
IMI) (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.
AZo
Dipo
Interval*
Feet
Ag gm/t
Au gm/t
11NL-5
190
-75
462.8-463.5
0.7
428.0
2.46
Unreported thin Hanging Wall Vein
11NL-5
190
-75
613.7-632.5
18.8
241.4
2.56
656.0-665.8
9.8
467.2
0.926
676.0-704.0
28.0
273.9
0.30
713.3-729.0
15.7
112.0
6.19
including
725.3 – 729.0
3.7
208.0
25.50
11NL-6
158
-79
370.5-378.0
7.5
719.5
3.56
649.2-669.3
20.1
180.8
1.70
704.0-753.5
49.5
106.5
1.09
11NL-8
152
-53
541.8-544.5
2.7
85.0
1.04
549.8-551.8
2.0
88.0
1.60
657.0-662.5
5.5
293.0
0.43
666.5-671.0
4.5
54.0
0.77
833.5-839.2
5.7
95.0
0.60
845.0-850.0
5.0
198.0
1.52
11NL-9
165
-56
662.2-665.8
3.6
360.0
5.46
Hanging Wall Vein
877.4-905.0
27.6
142.0
1.60
11NL-10
165
-65
797.5-805.0
7.5
501.0
4.67
Hanging Wall Vein
851.1-864.5
13.4
75.0
0.37
919.0-961.5
42.5
94.0
0.57
*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 (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 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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