NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 8, 2011) - International Millennium Mining Corp. (News - Market indicators) (FRANKFURT:L9J) ("IMMC" of the "Company") reports assay results received from First Mexican Gold Corp. for the recently completed rock chip sampling survey of the Bailey zone on the Guadalupe property (Hilda Property) package in Sonora State, Mexico, which is contiguous to Corex Gold Corp. Santana Property where consistently good exploration results have been demonstrated.
First Mex reports the gold/silver/copper bearing Bailey zone has now had a total of 40 samples recently collected and assayed. Three of these samples were taken directly from a small ore dump at the entrance to an adit with the balance, 37 samples, taken over 55.5 metres along the rock wall face in front of and on either side of the entrance to this adit. The sampled rock face has been exposed to the elements for some 20 years. The sampling was done to further build the data base on this high potential target in preparation for future drilling. The rock face samples were taken every 1.5 metres. The three ore dump and 23 rock face samples are reported below.
Samples Highlights – Bailey Zone
- sample #479120 returned 13.75 g/t gold, 262 g/t silver, 0.25% copper
- sample #479119 returned 7.69 g/t gold, 110 g/t silver, 0.16% copper
- sample #479158 returned 2.84 g/t gold, 2700 g/t silver, 0.29% copper
- sample #479134 returned 3.88 g/t gold, 425 g/t silver, 2.54% copper
Jim Voisin, President and CEO of First Mexican states, "It's unfortunate that the Bailey zone was not drilled as was planned in the just completed drill program but the additional sampling completed confirms (First Mex) view that this is a high priority drilling prospect".
IMMC President and CEO John A. Versfelt, said, "International Millennium continues to be impressed by the very encouraging results being generated on the ground by First Mex."
John Archibald, PGeo, of Billiken Management Services Inc., a qualified person pursuant to NI 43-101, has reviewed and approved the technical information in this press release. Samples were prepared and assayed by an accredited lab, ALS Chemex, Vancouver, BC. Quality control is monitored on a continual basis and utilizes a system of standards, blanks and duplicates to ensure analytical accuracy.
First Mexican Gold Corp. is an active explorer for precious metals in Mexico and holds an option to acquire 80% interest in the Guadalupe property package from (MIMSA) a wholly owned subsidiary of International Millennium Mining Corp (News - Market indicators). The Hilda (Guadalupe) Property package now comprises a total of approximately 9,171 hectares in this high potential precious metals exploration area.
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 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.
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.