International Millennium Mining Corp.

Published : December 09th, 2009

Property Updates and Placement announcedRecieved:

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Antimony | Canada | Cobalt |

Simon Mine Nevada Property Exploration Highlights, Drilling to Start January 2010, $735,000 Private Placement Announced

North Vancouver, B.C. International Millennium Mining Corp. (the "Company" or "IMMC") is pleased to announce the highlights of the mobile metal ion (MMI) soil sampling survey contained in a recent report (the "Report") submitted by David Mark, P.Geo., describing exploration carried out on the Simon Mine Property in 2007 and 2008. Further to the Company's news release of May 26, 2009, the survey indicates mineralization on the property is polymetallic in nature, possibly a lead-zinc skarn deposit that grades into a gold skarn. The survey also indicates gold, lithium and rare earth element anomalies. Based on the strength in the MMI soil sample data and its correlation with known mineralization, induced polarization (IP) anomalies and geological mapping of the property, the full results are considered to be very promising for finding ore-grade mineralization. A nearby example of a gold skarn is the Fortitude deposit located near Battle Mountain, Nevada which consisted of 5.1 million tonnes of 10.45 grams/tonne gold.

The highlights of the 2007 and 2008 Simon Mine Property MMI soil sampling survey include:
  1. The MMI survey indicates that there is a minimum of 1,200 meters of undiscovered Simon Mine mineralization. The main MMI anomaly is the Simon Mine anomaly consisting of highly anomalous values in lead, zinc, and silver. It has been labeled 'A' and strikes in a west-south-west (WSW) direction along the northern edge of the Luning limestone, for a minimum length of 1,750 meters being open to the WSW. The Simon Mine workings occur along anomaly 'A' but for only 550 meters indicating that there is a minimum of 1,200 meters of unknown lead-zinc-silver mineralization, presumably of similar grade to that which was mined. In addition, the mine anomaly extends a few hundred meters to the north in the Simon Mine area indicating unknown lead-zinc-silver mineralization occurring in this area as well. The Simon Mine is a past lead, zinc, silver, gold and copper producer. In addition, there are unsubstantiated reports that 50,000 to 100,000 tons of ore, with unknown grade, remain within the mine; however, this cannot be confirmed until the underground workings are dewatered.
  2. There are strong MMI gold results within the Simon Mine property that are highly indicative of ore-grade gold mineralization along substantial strike lengths. The main gold anomaly is 'B' which occurs to the immediate north of the Simon Mine anomaly. This anomaly has a minimum strike length of 1,000 meters and an approximate width of 300 meters. The strongest part of the anomaly is open to the west, indicating that the gold mineralization continues to the west. A second gold anomaly, labeled 'C', consisting of strong gold results occurs along the western edge of the Luning limestone for a minimum strike length of 2,400 meters, being open to the south.
  3. Uranium and molybdenum mineralization is strongly indicated from MMI anomaly 'D' to occur along the western part of the property to the immediate west of anomaly 'C'. The size of anomaly 'D' is a minimum 800 meters with it being open to the west by up to 300 meters. Like gold anomaly 'B', the strongest part of the anomaly is at the western edge suggesting that the uranium and molybdenum mineralization continues to the west.
  4. Copper mineralization, as suggested by the MMI data, occurs within the Mine Anomaly 'A' as well as with anomalies 'B', 'C', and 'D'.
  5. A very strong arsenic and antimony anomaly correlates with uranium anomaly 'D' and a second weaker one correlates with anomaly 'A'.
  6. Lithium mineralization is indicated to occur on the Simon Mine property. There are several lithium anomalies, with the best one occurring to the east of the uranium anomaly. This anomaly is up to 400 meters in strike length with an unknown width and correlates with a strong molybdenum anomaly. Two other lithium anomalies occur on either side of gold anomaly 'B', each one with a minimum strike length of 200 meters.
  7. Rare earth element (REE) anomalies occur within the survey area, the most significant one occurs north of gold anomaly 'B,' correlating with one of the lithium anomalies.
  8. The results of the geological mapping, as well as the IP, resistivity, and magnetic surveys provided valuable correlations with the MMI survey results.

There is a widespread occurrence of highly anomalous MMI results for several different metals on the property. This suggests a polymetallic deposit(s), probably a gold and/or a lead-zinc skarn type. The report highly recommends Diamond drilling the eastern part of the Simon Mine anomaly, as well as the southeastern part of anomaly 'C'. Diamond drill targets exist on the western part of the Simon Mine anomaly as well as within anomalies 'B', the northern part of anomaly 'C', and anomaly 'D', however, fill-in MMI soil sampling is recommended within these anomalies in order to optimize the drill targets.

The Company is planning a January, 2010 drilling program for the Simon Property, based on recommendations in the Report.

David Mark, P. Geo, in charge of exploration on the property, and a qualified person as defined by National Instrument ("NI") 43-101, has reviewed and approved the technical information contained in this press release.

Private Placement
The Company announces that it is arranging a private placement of up to $735,000 including, $660,000 of non-flowthrough units at $0.06 per unit and up to $75,000 of flow-through units at $0.08 per unit. Each unit is comprised of one (1) non-flow-through or flow-through common share and one half (�) non-flow-through, non-transferable share purchase warrant, each full warrant entitling the holder to purchase an additional share in the capital stock of the Company at $0.10 per share for a period of two (2) years from the date of issuance. The placement is subject to regulatory acceptance.

About International Millennium Mining Corp.
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 silver, gold, 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 and CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting:
Lindsay Malcolm . 604-569-2508 . lindsaym@immc.ca
Wayne Meredith . 604-569-2509 . waynem@immc.ca

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.



--
Remove,

powered by phplist v 2.10.10, � tincan ltd
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
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of International Millennium Mining Corp.
5/30/2013Reports 1st Quarter Results and Announces Exchange Approval ...
5/23/2013Private Placement
10/12/2012Closes First Tranche of Private Placement
9/14/2012Private Placement Announced
8/2/2011Private Placement ClosedRecieved:
7/19/2011Private Placement Announced
3/28/2011Cabo Increases Private Placement to $2.525 MillionRecieved:
2/17/2011Cabo Drilling to Offer $1.5 Million Private PlacementRecieve...
3/8/2010Tamerlane Announces Non-Brokered Flow-Through Unit Private P...
2/23/2010IMMC closes Private PlacementRecieved:
2/12/2010Private PlacementRecieved:
12/2/2009Cabo Closes Private PlacementRecieved:
11/12/2009Cabo Increases Private Placement To $870KRecieved:
9/26/2009Closes Non-Brokered Private Placement
2/11/2009Announces Closing of Non-Brokered Flow-Through Private Place...
1/5/2009Announces Non-Brokered Flow-Through Private Placement
Option Grants of International Millennium Mining Corp.
4/8/2010Trade Winds Grants Stock OptionsRecieved:
7/6/2009Cabo Grants Stock Options Recieved
6/5/2006grant stock options
Financials of International Millennium Mining Corp.
5/20/2011Reports 4th Quarter and Annual Results
12/1/2008Third Quarter Report
8/30/2007Second Quarter Report
Project news of International Millennium Mining Corp.
2/15/2013(Hope Lake Property)Terminates Its Hope Lake Property Option Agreement
8/23/2011Trade Winds Intersects 3.08 g/t gold over 20.8 metres on Blo...
7/7/2011Cabo Drilling (Colombia) Corp. Awarded 20,000 Meter Drill Co...
6/22/2011Cabo Drilling (Pacific) Corp. Awarded Drill Contract by MAN ...
6/21/2011Cabo Drilling Corp Receives Shareholders ApprovalRecieved:
6/14/2011Cabo Drilling Corp. Commences Drilling at Ridgemont Iron Or...
6/4/2011IMMC Invite To World Resource ConferenceRecieved:
5/24/2011Cabo Drilling Corp. Commences Drilling at Empire Mining Corp...
5/11/2011Trade Winds Intersects 2.08 g/t gold over 30 metres on Block...
8/19/2010(Simon Mine)Confirms New Mineralized Zone At Simon ProjectRecieved:
6/1/2010(Simon Mine)Simon Drilling Intersects Encouraging MineralizationRecieved...
2/11/2010(Simon Mine)Drilling Begins On Simon Mine PropertyRecieved:
1/20/2010(Jason Claims) Commences Drilling and Closes First TrancheRecieved:
12/9/2009Property Updates and Placement announcedRecieved:
9/3/2009(Electrum Lake)Signs Letter of IntentRecieved:
6/29/2009(Cobalt Claims)Sign Formal Agreement
5/27/2009(Simon Mine)Simon Mine Nevada Property Exploration Update
1/20/2009(Hope Lake Property)Encouraged by Favourable Gold and Copper MMI Results
1/27/2009(Cobalt Claims)Options Out Interest In Cobalt Ontario Diamond Prospect
1/10/2008(Cobalt Claims) Survey Identify Strong Silver-Copper Anomalies
1/3/2008(Jason Claims)Jason Property Phase One Exploration
Corporate news of International Millennium Mining Corp.
6/23/2016International Millennium Mining Corp. Closes Private Placeme...
4/12/2016International Millennium Mining Corp. Completes Purchase of ...
2/2/2016Sale & Purchase Agreement Executed to Acquire 100% Interest ...
5/11/2015IIROC Trading Halt - CXD; CSN; GDX; HBY; IMI; JMC; LRC; PBM
11/22/2014Provides Update To Transaction With Elephant Copper Ltd. And...
11/21/2014IMMC Provides Update to Transaction with Elephant Copper Ltd...
5/30/2014International Millennium Mining Corp. Reports 1st Quarter Re...
5/1/2014International Millennium Mining Corp. Reports 4th Quarter an...
10/4/2013Sale & Purchase Agreement Terminated
7/10/2013Stock Options Granted and Warrants Extended
5/1/2013Reports 4th Quarter and 2012 Annual Results
4/15/2013Wild Goose Property MMI Survey Results
3/11/2013Sale & Purchase Agreement Executed To Acquire 100% Interest ...
3/11/2013Sale & Purchase Agreement Executed To Acquire 100% Interest ...
1/26/2013Join IMMC at its Hospitality Suite at this year's 2013 Round...
1/8/20132012 In-Fill Drilling Continues to Verify Thickness and Grad...
10/2/2012Stock Options Granted and Warrants Extended
4/18/2012Commentary on IMMC news release =2D Wild Goose
12/24/2011Cabo Announces Record 1st Quarter ResultsRecieved:
12/21/2011IMMC=3A Drilling at the Nivloc Project Returns Highest Grade...
12/12/2011IMMC Obtains Loan to Continue Drill Program at Nivloc
12/2/2011Reports 3rd Quarter Results
11/28/2011IMMC Drills 73 Feet of 158 g=2Ft Silver and 1.33 g=2Ft Gold ...
11/24/2011Cabo Drilling Announces Retirement of Three Directors, Nomin...
8/30/2011Reports 2nd Quarter ResultsRecieved:
8/22/2011Cabo Drilling Corp. Awarded 6,000+ Meter Drill Contract by P...
8/17/2011Joint Venture Partner First Mexican Gold Corp. Starts 2nd Dr...
8/17/2011Cabo Drilling Corp. Awarded 20,000 Meter Drill Contract by F...
8/17/2011Trade Winds Begins 20,000 Metre Drill Program on Block AReci...
7/14/2011More High Grade and Other Significant Intercepts Encountered...
7/4/2011Reports 1st Quarter ResultsRecieved:
7/1/2011Reports 1st Quarter Results
6/22/2011First Mex Confirms New Target & Issues Mexico Property Explo...
6/17/2011Cabo Drilling Corp. Awarded Drill Contract by Ber Alb Sh ARe...
6/10/2011Cabo Drilling Commences Drilling at Alderon Resource Corp. K...
6/3/2011Excellent Grade Found in New Hanging Wall Vein at Nivloc Min...
5/6/2011Granted Management Cease Trade Order
4/11/2011Hits Four Significant Ag/Au Zones in Drill Hole 11NL-5 at Ni...
3/21/2011Cabo Completes $2.525 Million Private PlacementRecieved:
3/8/2011Reports Sampling Results from Bailey Zone on Hilda Property ...
3/2/2011Cabo Announces 2nd Quarter ResultsRecieved:
3/1/2011Signs Option Agreement to Acquire Property Surrounding Its N...
2/23/2011s Positive Results, Adds Ground at Hilda Property Sonora Mex...
12/2/2010Reports 3rd Quarter Results
3/3/2010Trade Winds Announces $2 Million Brokered Private Placement
1/28/2010Closes Final Tranche Of Private Placement
9/1/2009IMMC Reports 3nd Quarter ResultsRecieved:
7/8/2009Change of Direction
6/2/2009Reports 1st Quarter Results
12/4/2008terminates a Cobalt Property Agreement
9/26/2007Purchases Nivloc Mine Property in Nevada
7/16/2007Signs Option and Joint Venture Agreement With First Mexican ...
7/6/2007Engages in Investor Relations
6/1/20071st Quarter 2007 Report
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (IMI.V)
0.015+0.00%
TSX-V
CA$ 0.015
07/12 16:03 -
0%
Prev close Open
0.015 0.015
Low High
0.015 0.015
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.015 -%
Volume 1 month var.
102,000 -%
24hGold TrendPower© : -37
Produces
Develops
Explores for Cobalt - Copper - Diamonds - Gold - Lead - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
20210.00%0.040.02
2020-50.00%0.030.01
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.75+0.52%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 10.92-1.71%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.55+0.00%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-8.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.38-3.64%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.32+0.46%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24-2.08%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.77-1.12%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.10-0.89%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :