International Millennium 2012 In-Fill Drilling Verifies Thickness and Grades at Nivloc Project
04 Décembre 2012 - 2:01PM
Marketwired Canada
International Millennium Mining Corp. (TSX VENTURE:IMI) (the "Company" or
"IMMC") reports the results from a drill hole completed on its Nivloc Silver and
Gold Project located in southwestern Nevada. This hole is part of a planned 11
hole drill program designed to reduce the drill spacing and confirm continuity
of the mineralization in an area drill tested in 2011 and in which a National
Instrument 43-101 ("NI 43-101") compliant Inferred Mineral Resource was
estimated (See IMMC News release dated August 16, 2012 and the Company's website
www.immc.ca). This resource area, which is crossed by access/haulage drifts that
were developed on four levels while the mine was in production, lies between two
partially mined areas exploited by Desert Silver between 1937 and 1942. Hole
12NL-35 was collared from pad 6, and tested an area between the 700 and 800 foot
levels within the old mine workings and below resource blocks outlined by the
2011 drilling program.
Drill Highlights from Hole 12NL-35:
115.0 feet @ 89.1 g/t Ag and 0.33 g/t Au - Main Nivloc vein, including:
13.5 feet @ 210.0 g/t Ag and 1.03 g/t Au - Main Nivloc vein, including:
3.0 feet @ 436.0 g/t Ag and 2.57 g/t Au - Main Nivloc vein
The level numbers referred to above, along with distances from other features,
are deemed to be approximate.
Drill Hole Results
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Hole No.(iii) Width (ft)
AZ Degree Dip Degree Interval (ft) (drill)
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12NL-35 140 -76 790.0 - 905.0 115.0
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Including 846.5 - 860.0 13.5
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Including 846.5 - 849.5 3.0
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Also
Including 890.5 - 905.0 14.5
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Hole No.(iii) Width (ft)
(estimated Vein
true)(i) Ag (g/t) Au (g/t) Description(ii)
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12NL-35 85.0 89.1 0.33 MNV
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Including 10.0 210.0 1.03 MNV
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Including 2.2 436.0 2.57 MNV
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Also
Including 10.7 151.0 0.41 MNV
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(i)Estimated true widths are calculated and may change slightly with additional
structural information.
(ii)Main Nivloc Vein (MNV).
(iii)Previous drill hole results are set out in the Company's prior news releases.
The current drilling program is focused on in-filling and expanding an area that
lies between two previously mined zones, within the northeast-trending Nivloc
vein structure, where the Company's previous drilling programs outlined an
Inferred Mineral Resource. A strongly mineralized zone has been outlined between
the 440 and 800 ft level drifts in the old mine workings, with lower grade
mineralization above the 440 ft level. The 800 ft mine level is approximately
700 feet vertically below surface, and the vein and workings dip from -45 to -65
degrees toward the northwest. Previous mining at the Nivloc property focused on
high-grade mineralized lenses that were encountered while drifting along the
vein structure. It appears, from available data, that only one of these parallel
vein zones was exploited by mining activity in the 1930s and 1940s. The current
IMMC drilling program indicates the Nivloc structure ranges from 50 to more than
150 feet wide and contains several parallel vein zones. In addition to the
potential for high-grade lenses similar to those mined in the past, the material
between the lenses is consistently mineralized and the entire structure may have
potential as a low-grade, bulk-minable deposit.
Two additional holes have been completed and sampled, and results for these will
be reported once they are received and verified. These holes were designed to
test an area along the eastern end of the Inferred Mineral Resource area defined
by the 2011 drilling program. Additional planned holes will be directed 500 feet
west, beneath the most westerly workings, and further to the northeast of the
main workings, to test the mineralized zone beyond the current target area.
"Now that IMMC has completed and SEDAR filed its initial NI 43-101 compliant
inferred resource, it is very satisfying to receive the first assay results from
our 2012 in-fill drilling program; these results are consistent with the
reported inferred resource and provide the first step in adding to that
resource," states John A. Versfelt, President & CEO of the Company.
Seymour Sears, 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.
IMMC, 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., to acquire an 85% interest in
SRC's 18 claim NL Property, which forms part of the Nivloc Property. Full
details of the land holdings and terms of the option agreement with SRC are
available in the Company's August 16, 2012, news release and on the Company's
website.
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/quality control
program to ensure that sampling and analysis of all samples are conducted in
accordance with the best possible practices. The system includes the use of
standards, blanks and duplicates to ensure analytical accuracy, and also the
submission of duplicate samples to a second laboratory to verify the integrity
of the analytical results.
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.
Effective September 2012, the Company relocated its office to 20 Sixth Street,
New Westminster, B.C. V3L 2Y8.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
International Millennium Mining Corp.
Ms. Sheri Barton
403-217-5830
sheribarton@telus.net
International Millennium Mining Corp.
Mr. John Versfelt
President & CEO
604-527-8135
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