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JASON PROPERTY PHASE I
EXPLORATION IDENTIFIES SOURCE OF PLATINUM ANOMALY NEAR HARRISON LAKE B.C.
ADDITIONAL GROUND ACQUIRED IN NEVADA AND MEXICO
North Vancouver, B.C. - January 3, 2008 - Phase I exploration work at International Millennium
Mining Corp.’s (“IMMC” or the “Company”)
Jason Property near Harrison
Lake, B.C. has
identified the source of highly anomalous platinum (Pt) stream sediment
samples (up to 651 ppb) collected on Anomaly Creek in 2004. The outcrop
source was located following completion of Phase I detailed stream sediment
sampling and mapping to confirm the location of the highly anomalous 2004
Anomaly Creek stream sediments. The outcrop contains: pyrrhotite,
pentlandite, chalcopyrite and sperrylite.
Analysis of a bulk stream sediment sample identified sperrylite.
Native gold and abundant red rutile were also identified in the bulk stream sediment
sample. Petrographic analysis identified the
sulphide bearing rock as an altered olivine orthopyroxenite.
David G. Mark, P.Geo.,
a qualified person under NI 43-101, provides the following information with
respect to the property: Grab samples from the outcrop contained up to
0.64% Ni, 0.63% Cu, 777 ppb Pt and 465 ppb Pd (Acme Analytical). These
values are comparable to ore grades at the nearby Giant Mascot Mine. In
addition, the magmatic sulphides and the orthopyroxenite appear to have been injected along a
well defined fault zone. In 1971 W.E. Clarke postulated that, at the Giant
Mascot Mine, fault systems were favourable to the deposition of ore. As a
result of these findings a drill target has been proposed by IMMC for
Anomaly Creek.
Phase 2 included: 1)
line cutting to establish a sampling and mapping grid; 2) overburden
sampling and geochemical analysis (standard ICP and mobile metal ion); and
3) geophysical surveys (magnetometer, self potential, VLF-EM). The report
and results from Phase 2 are not yet available.
The Jason claims,
comprise 694.9
hectares and are located 29 km southeast of the municipality of Harrison
Hot Springs approximately 9 km east of Harrison Lake, British
Columbia. IMMC holds an option to earn 100%
interest in the claims, subject to certain royalty interests retained by
the vendor D.R. Haughton P.Eng., Ph.D. The
property lies at the northwest end of a belt of meta-volcanic,
meta-sedimentary and plutonic basic and ultrabasic
rocks. The belt extends in a northwest direction from the Giant Mascot Mine
for 20 kilometers to beyond the Jason
claims. Commodities found at the Giant Mascot Mine and within the middle
Cretaceous mafic to ultramafic
rock units, include nickel, copper, chromium, cobalt, gold and platinum
group elements.
Prior to 2005, work on
the Jason claims had included surficial and
bedrock mapping and geochemical and geophysical surveys. This resulted in
the definition of four projects with significant potential for Ni, Cu, PGE mineralization. Two of the projects, within the
Jason Property, Discovery Creek and Hut Creek, now have well defined drill
targets. At Anomaly Creek high Ni, Cu, Cr, Au and Pt, Pd (i.e.: 0.12% Ni,
0.12% Cu, 651ppb Pt) stream sediment anomalies require additional
exploration. Hut Creek East contained geophysical anomalies (self
potential, magnetic and VLF-EM) that also require follow-up work. Because
of thick overburden deposits on Hut Creek East, it was recommended that
follow up work should await drill results from the Hut Creek area.
Additional Ground Acquired in Nevada
and Mexico
The Company has added 141 lode claims to its land position surrounding its
Simon Mine property in Mineral
County, Nevada. The
additional claims are contiguous with the all of the boundaries of the
Simon Mine property.
In Mexico, IMMC has, subject to filing with
regulatory authorities, entered into an option to purchase 100% interest in
an additional property comprised of 1095 hectares
contiguous with the northern and eastern edges of the Company’s Hilda
30 property in Yecora District, of Sonora State, Mexico. Cash payments totaling US$1,050,000 over a 10 year period are the
sole consideration for the purchase. The property is located within the
area of interest defined in IMMC’s option
and joint venture with First Mexican Resources Inc. of Toronto, Ontario,
who have been offered inclusion of the ground as part of the joint venture
property.
International
Millennium Mining Corp. is a mineral exploration and development company
engaged in the acquisition and exploration of 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 silver, gold, cobalt, molybdenum, zinc, lead, nickel,
copper and platinum group metals.
ON BEHALF OF THE BOARD
“John
A. Versfelt”
John A. Versfelt
President and CEO
Further
information about the Company can be found on SEDAR (www.sedar.com) or by
contacting Mr. John A. Versfelt, President &
CEO of the Company or Mr. D. Alex Caldwell, Corporate Secretary at
604-984-9907.
The Exchange has not in any way passed upon the
merits of this news 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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