International Millennium Mining Corp.: Excellent Grade Found in New Hanging Wall Vein at Nivloc Mine Project Nevada
Published : June 03, 2011
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NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 3, 2011) - International Millennium Mining Corp. (News - Market indicators) ("IMMC" or the "Company") is releasing assay results from two additional Diamond drill holes at its Nivloc Silver(Ag) and Gold (Au) Project, in Esmeralda County, Nevada. The best values were intersected in hole 11NL-6 drilled from Pad 2, the same site from which 11NL-5 was drilled.

Drill Highlights from 11NL-6 include:

7.3 feet grading 3.56 gm/t Au & 719.5 gm/t Ag - intersected in the hanging wall above the main Nivloc vein.

20.1 feet grading 1.7 gm/t Au & 180.5 gm/t Ag – intersected in the main Nivloc vein. 

49.5 feet grading 1.09 gm/t Au & 106.5 gm/t Ag – intersected in the main Nivloc vein.

Hole 11NL-6 was targeted 155 feet to the northeast of hole 11NL-5 to extend the strike length in that direction. Hole 11NL-5 reported in the Company's News Release of April 11, 2011, contained four potentially economic grade vein zones of probable mining width. Hole 11NL-6 remains outside of Sunshine Mining Company's reserve block calculated in the 1980s and is therefore a heretofore unknown and un-mined vein.

Hole 11NL-7, drilled from Pad 3 located 450 feet west of Pad 2, intersecting the Nivloc vein at a much deeper level (830 feet) and in footwall Alaskite granite, cut one 2.2 foot interval grading 3.01 gm/t Au and 264 gm/t Ag. Five additional mineralized intervals were intersected as well. Hole 11NL-7 contained abnormal amounts of vein calcite which tends to lower the precious metals values. In addition to Hole 11NL-7, holes 11NL-8 through 11NL-14, also drilled from Pad 3, have been completed, totaling approximately 8,200 feet (~2500 meters). This total does not include hole 11NL-12 which was lost at 392.5 feet and is being re-drilled at this time. Holes 11NL-8 through 11NL-11 and 11NL-13 have been logged, sampled and submitted for assay. 

Summary of Drill Results

            Results and Comments
Hole No.   Azimuth°   Dip°   Interval*   Feet   Au gm/t   Ag gm/t
11NL-5   190°   -75 °   613.7 - 632.5   18.8   2.56   241.4
            656.0 - 665.8   9.8   0.926   467.2
            676.0 - 704.0   28.0   0.30   273.9
            713.3 - 729.0   15.7   6.19   112
including           725.3 - 729.0   3.7   25.5   208
                         
11NL-6   158 °   -79 °   370.5 – 378.0   7.5   3.56   719.5
            649.2 – 669.3   20.1   1.70   180.8
            704.0 – 753.5   49.5   1.09   106.5
                         
11NL-7   129 °   -78 °   786.3 – 788.5   2.2   3.01   264.0

*True widths have not been calculated and are therefore not known

In response to encouraging results and increasing knowledge of the Nivloc vein system, the Company has commenced staking additional ground contiguous to its existing holdings. To date, twenty claims have been staked and recorded.

John A. Versfelt, President & CEO of the Company says, "We are very pleased that the new results continue to support an aggressive drilling program on the Nivloc property."

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, President & 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.

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.

International Millennium Mining Corp.
Ms. Sheri Barton
403-217-5830
sheribarton@telus.net
or
International Millennium Mining Corp.
Mr. John Versfelt
President & CEO
604-984-9907
info@immc.ca
Data and Statistics for these countries : Canada | Mexico | All
Gold and Silver Prices for these countries : Canada | Mexico | All

International Millennium Mining Corp.

EXPLORATION STAGE
CODE : IMI.V
ISIN : CA4599701097
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IMMC is a silver and gold exploration company based in Canada.

IMMC holds various exploration projects in Canada.

Its main exploration properties are SIMON MINE, COBALT CLAIMS, JASON CLAIMS, ELECTRUM LAKE and LOBSTICK in Canada.

IMMC is listed in Canada. Its market capitalisation is CA$ 2.6 millions as of today (US$ 2.0 millions, € 1.7 millions).

Its stock quote reached its highest recent level on June 03, 2011 at CA$ 0.37, and its lowest recent point on March 20, 2020 at CA$ 0.01.

IMMC has 170 200 000 shares outstanding.

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