|
MMI SURVEYS IDENTIFY
STRONG SILVER-COPPER ANOMALIES ON COBALT AREA PROPERTY ONTARIO
North Vancouver, B.C. - January 10, 2008 - MMI (mobile metal
ion) soil sample surveys on International Millennium Mining Corp.’s
(“IMMC” or the “Company”) Cobalt Area Property near
Cobalt, Ontario have been completed over three (3) grid areas. The MMI work
was carried out after positive results were obtained over known
mineralization from an MMI orientation survey carried out in 2006. David G.
Mark, P.Geo., a qualified person under NI 43-101, reports that the MMI
results outlined a number of strong anomalies which are interpreted as
being indicative of Cobalt-area style silver/copper/cobalt-veins. As a
result, further detailed sampling was carried out in order to optimize
drill targets. These results are now being compiled and will be released in
a follow-up report at a later date. The Company will announce a drill
program at that time.
The Cobalt Area
property comprises some 620 claim units covering approximately 9,920
hectares located in Temiskaming District, Larder Lake Mining Division south
of the town of Cobalt in north eastern Ontario. IMMC
holds 100% interest in 322 claim units, subject to 1% NSR royalty and holds
an option to earn 100% interest in the remainder of the ground, subject to
a 40% net profits royalty interest reducible, upon payment of $4.5mil., to
a 10% net profits royalty interest.
Past production in the Cobalt area was mostly from arsenide
silver/cobalt mineralization from narrow, but very rich veins. It has
amounted to more than 500 million ounces of silver and 50 million pounds of
cobalt along with millions of pounds of copper, nickel and lead. Two of the
former producing mines are located on the IMMC property.
The rocks that underlie the Cobalt Project area include Archean aged
mafic to felsic metavolcanics and Algoman granitic rocks overlain by
relatively flat lying Huronian Group metasediments. A Nipissing age diabase
dyke and sill complex intrudes all of these rock types. Lamprophyre dykes
and mafic to ultramafic diatremes intrude the volcanic and granitic rocks.
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.
|