INTERNATIONAL MILLENNIUM
CONFIRMS NEW MINERALIZED ZONE AT SIMON PROJECT, MINERAL COUNTY, NEVADA
North Vancouver, BC: International Millennium
Mining Corp. (the "Company" or "IMMC") has received
assay results from diamond drill holes S10-3 and S10-7, at its Simon Mine
project in Mineral County, Nevada. These assay results confirm the presence
of significant silver (Ag), lead (Pb) and zinc (Zn) mineralization in a
previously unexplored and un-mined block of ground situated between the old
No. 1 and No. 3 production shafts. This mineralization occurs at or near a
shallow dipping contact between alaskite, rhyolite breccia and Luning
limestone approximately 40 feet below the old 353 ft. level and above the
500 ft. level of the Simon Mine. IMMC has completed 7 diamond holes, the
location, azimuth, angle, and geology of which were documented in Company
news releases dated June 1, 2010 and July 6, 2010.
A Summary Of Results From 7 Drill
Holes Follows:
S10-1: No significant Mineralization; hole lost above target
depth.
S10-2: No significant mineralization.
S10-3: SIGNIFICANT INTERCEPT
|
INTERVAL
|
|
|
|
|
|
|
|
From (ft)
|
To (ft)
|
(Ft)
|
Silver g/t
|
Lead %
|
Zinc %
|
Gold g/t
|
|
359.8
|
387.0
|
27.2
|
27
|
1.05
|
1.04
|
0.019
|
Including:
|
362.0
|
375.7
|
13.7
|
43
|
1.67
|
1.65
|
|
S10-4: ANOMALOUS INTERCEPT
|
371.0
|
388.0
|
17.0
|
11
|
0.17
|
0.20
|
trace
|
|
452.6
|
477.0
|
5.6
|
5.6
|
0.29
|
0.50
|
trace
|
S10-5: SIGNIFICANT INTERCEPT
|
423.7
|
425.2
|
1.5
|
43.0
|
1.65
|
0.72
|
trace
|
S10-6: No significant mineralization.
S10-7: SIGNIFICANT INTERCEPT
|
361.0
|
389.9
|
28.9
|
62.3
|
2.38
|
2.0
|
0.065
|
Including:
|
361.0
|
370.5
|
9.5
|
104.0
|
4.39
|
3.29
|
|
|
388.5
|
389.9
|
1.4
|
105.0
|
4.58
|
7.07
|
|
The interval 323.5 ft. to 361 ft. showed strongly anomalous silver, lead
and zinc values.
The mineralization found in hole S10-7 below 361.0 ft. compares
favourably with recorded historic production grades at the Simon Mine
between 1919 and 1969. M. Malkoski, in his 1989 report entitled
"Geology, Mineral Deposits, and Proposed Exploration at The Simon
Mine, Bell District, Mineral County, Nevada"; prepared for American
Gold Resources Corporation, describes Simon Mine production during that
period as ".97,823 tons at grades of 3.20 opt (ounces per ton) Ag,
4.8% Pb and 5.4% Zn."; and a May, 2006, NI43-101 compliant report done
for IMMC, titled "Technical Report on the Simon Mine (Ag-Pb-Zn-Cu)
Property Mineral County, Nevada, by Sears, Barry & Associates Limited,
S.M. Sears, P.Geo. reports documented production at the Simon Mine for the
1921 - 1968 period as 94,838 tons having an average grade of 3.18 oz/ton
Ag, 4.8% Pb and 5.37% Zn."
Mineralized zones found in S10-3 and S10-7 are 95 ft. (28.96m) apart
along the same contact and will be infill drilled as part of the next
drilling program. The ground east of S10-7 is open for drilling for
approximately 160 ft. (48.77m) over to the main Simon deposit mined from
the No. 1 shaft, providing a 255 foot (77.72m) additional mineralization
strike opportunity from S10-3.
IMMC's July 6, 2010 news release included information on a -45 degree RC
hole, SR-17, drilled by American Gold Resources (AGR) that intercepted an
un-mined hanging wall zone east and adjacent to the main ore body.
This relatively shallow intercept, 200 feet below surface, assayed 2.79 opt
Ag, 2.91% Pb and 3.30% Zn over 60 ft. occurs 354 ft. (107.9m) vertically
above the reported (361.0 ft. to 389.9 ft.) intercept in S10-7, thus
providing a 354 ft. (107.9m) interval as a target for infill drilling in
order to determine if the S10-7 zone and the reported SR-17 zone are
connected.
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 following analytical
methods were utilized by ALS Chemex: ME-MS61, multi-element, ME MS81,
multi element including rare earth analysis, PGM-ICP23, AU-AA23, OG62 for
lead and zinc higher grade intervals and OG62b for silver checks.
Descriptions of these analytical methods can be seen at ALS Chemex web-site
(www.chemex.com). The Company has implemented a quality assurance and
quality control program to ensure that sampling and analysis of all samples
was conducted in accordance with the best possible practices.
Thomas L. Evans, California Professional Geologist, and a Qualified
Person, under NI 43-101 who is in charge of the drill program, prepared and
approved the contents of this news release.
About International Millennium Mining Corp.
International Millennium Mining Corp. is a mineral
exploration and development company engaged in acquiring known former
producing small mines 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 Mr. Wayne Meredith: 604-569-2509
waynem@immc.ca 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.
|