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International Minerals Corporation

Publié le 21 mai 2010

Commences Drilling at Goldfield, Nevada

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IMZ Commences Drilling at Goldfield, Nevada
New Senior Staff Appointments

Scottsdale, Arizona, May 20, 2010 � International Minerals Corporation (Toronto and Swiss stock exchanges: �IMZ�) reports that drilling has commenced at its 100%-held Goldfield gold project in southern Nevada, which was acquired as part of IMZ�s takeover of Metallic Ventures Gold Inc. (�Metallic�) completed in February 2010 (see news release dated February 26, 2010).  

IMZ is also pleased to announce two new senior staff positions: a Manager of Nevada Operations and a Chief Mining Engineer.  These new additions add significant technical strength and experience to IMZ�s development team and they will play an integral role in advancing IMZ�s projects in Nevada and South America

Goldfield Project, Nevada 

The NI 43-101 compliant independent mineral resource estimates completed by Metallic for the combined three main mineralized areas at the Goldfield Project (Gemfield, McMahon Ridge and Goldfield Main) comprise: 

  • 652,000 ounces in the Measured resource category, contained in 15.3 million tonnes (�Mt�) at a grade of 1.3 grams per tonne (�g/t�) gold.
  • 415,000 ounces in the Indicated resource category, contained in 13.5 Mt at a grade of 1.0 g/t gold
  • 105,000 ounces in the Inferred resource category, contained in 3.0 Mt at a grade of 1.1 g/t gold.

Mineral resource estimates for the Goldfield project have been conducted separately for the Gemfield/McMahon Ridge deposits and the Goldfield Main deposit. The Gemfield and McMahon Ridge resources were estimated in 2005 by Watts, Griffis and McOuat, with John R. Sullivan, P.Geo as the Qualified Person (�QP�). The mineral resources at the Goldfield Main area were estimated in 2002 by Mine Development Associates, with Scott Hardy, P. Eng, Neil Prenn, P. Eng and Steve Ristorcelli, R.P.Geo as QP�s. 

The initial IMZ drill program (both core and reverse circulation) will total approximately 20,000 meters (�m�) and is focused on confirming, increasing and enhancing the confidence level of the existing mineral resource base for use in a feasibility study to commence in late 2010 with a targeted completion date in late 2011. 

Additional in-fill, metallurgical and geotechnical drilling, as well as exploration of several under-tested targets in the region, especially targeting historical high-grade intercepts, is also planned for 2010. 

IMZ believes that due to the nature of the high-sulfidation epithermal mineralization at Goldfield that has been exploited in the past, potentially high-grade mineralized targets still exist that could potentially complement and enhance the current plans to develop a low-grade heap leach operation. 

Between 1903 and 1960, the Goldfield district reportedly produced approximately 4.2 million ounces of gold and 1.4 million ounces of silver contained in 4.2 Mt. This equates to an average grade of approximately 0.90 ounces per short ton (�oz/t�) or 31 g/t. Over 98% of the past production in the district was sourced from a mineralized belt less than 1.6km in length and a few tens of meters wide. Gold grades mined in the main district were, in certain cases, spectacular. Reported examples include: 

--          A sample of oxidized ore from the main ore zone in the Red Top Mine assayed 605.oz/t (20,742 g/t) gold. 

--          Ore produced from the Great Stope of the Mohawk Mine averaged 19.4 oz/t (665 g/t) gold. 

--          The first shipments from the Combination Mine in November 1903 averaged 7.7 oz/t (264 g/t) gold, which
             was recorded to be the lowest-grade ore shipped from that mine. 

The above historical information is excerpted from F.L. Ransome (1909, Geology and ore deposits of Goldfield, Nevada: USGS Professional Paper 66, Chapter XIII) and J.W. Ruetz (1986, The Geology of the Goldfield District). 

New Staff Appointments, Reno, Nevada, USA 

Doug Hartzell, Manager of Operations, Nevada and Chief Geologist 

Mr. Hartzell is a geologist and is responsible for all technical and administrative aspects of IMZ�s projects in Nevada, with a primary focus on accelerating the development of the Goldfield and Converse gold projects. 

Mr. Hartzell has more than 30 years experience in geology, mine development and mine operations. In addition to previous ownership and executive experience with engineering consulting companies serving the mining industry, he has worked on numerous mining projects at various stages of development around the world with a focus on precious metals but also with significant experience in base metals, coal, industrial minerals and uranium. He is experienced in corporate acquisitions and contract negotiations and has provided due diligence review and technical audit expertise on numerous projects, often as part of a larger audit team. During his career Doug has acquired the skills necessary to develop a project from the exploration stage through to full production. 

He holds a Bachelor of Science degree in Geological Science from Pennsylvania State University, State College, USA and has advanced Spanish language skills. 

Robert (Bob) Taylor, Chief Mining Engineer 

Mr. Taylor is a mining engineer and is responsible for all mining aspects of IMZ�s projects, including oversight of the Company�s 40%-owned Pallancata Mine. 

Mr. Taylor has 27 years of experience as a mining engineer in open-pit and underground operations, project development and engineering, contract administration and mine permitting for major and junior mining companies, including Barrick Gold (1988-1990) and Bema Gold (1990-1993 in the US and 1995-1999 Russia and S. America). Most recently he spent 2.5 years with Barrick at the Porgera Mine in Indonesia.  The industry experience that Mr. Taylor has accumulated will be an invaluable asset in the advancement to production of the Company�s multiple projects. 

He holds a Bachelor of Science degree in Mining Engineering from the Colorado School of Mines, Colorado, USA and has intermediate level Spanish language skills. 

The technical information reported in this news release was reviewed by IMZ�s Qualified Person, VP Corporate Development Nick Appleyard

For additional information, contact: 

In North America
Paul Durham, VP Corporate Relations
Tel: +1 203 940 2538

In Europe
Oliver Holzer, Marketing Consultant  
Tel: +41 44 853 00 47 

Or email us at: IR@intlminerals.com 
                                                      
Internet Site: http://www.intlminerals.com  

Cautionary Statement:

Some of the statements contained in this release are �forward-looking statements� within the meaning of Canadian securities law requirements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding estimates of resources and time lines for drilling programs and feasibility studies. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as risks of estimating mineral resources, delays in exploration programs and other risks and uncertainties detailed in the Company�s Amended Annual Information Form for the year ended June 30, 2009, which is available at www.sedar.com under the Company�s name. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

International Minerals Corporation
7950 E. Acoma Drive, Suite 211
Scottsdale, AZ 85260
U.S.A.
Tel: (480) 483-9932 � Fax: (480) 483-9926

International Minerals Corporation

PRODUCTEUR
CODE : IMZ.TO
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Intl. Minerals est une société de production minière basée aux Etats-Unis D'Amerique.

Intl. Minerals est productrice d'argent et d'or au Perou, en développement de projets d'argent, de cuivre et d'or au Perou et en Equateur, et détient divers projets d'exploration en Equateur.

Son principal projet en production est PALLANCATA au Perou et ses principaux projets en développement sont RIO BLANCO - ALEXANDRA NORTH, RIO BLANCO - SAN LUIS et GABY en Equateur et INMACULADA au Perou.

Intl. Minerals est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 270,7 millions CA$ (252,7 millions US$, 183,7 millions €).

La valeur de son action a atteint son plus bas niveau récent le 01 juin 2001 à 0,82 CA$, et son plus haut niveau récent le 29 avril 2011 à 8,00 CA$.

Intl. Minerals possède 95 653 001 actions en circulation.

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Rapports annuels de International Minerals Corporation
2008 Annual report
Renewal Annual Information Form 2007
Nominations de International Minerals Corporation
08/04/2010Appointment of New VP
Rapports Financiers de International Minerals Corporation
30/09/2013Reports Operating and Financial Results for the Fiscal Year ...
16/05/2013Reports Third Fiscal Quarter Ending March 31=2C 2013 Financi...
12/08/2010(Pallancata)Reports Strong Pallancata Mine Operating Results
17/11/2009(Pallancata)First Quarter Net Income of $1.2 Million; Net Equity Earning...
24/08/2009(Pallancata)IMZ Reports Strong Pallancata Operating Results & Initial US...
18/11/2008Sept. 30, 2008 Financial Results
20/05/2008 Realizes $4.12 Million ($0.04 per share) in Net Income for ...
Projets de International Minerals Corporation
17/07/2013s 2013 Cost Reduction Plans and Project Updates
25/06/2013Closes Sale of Rio Blanco Property in Ecuador
25/03/2013(Inmaculada)Announces Closing of $140 Million Loan Facility for Inmacula...
02/11/2012s Development of Goldfield Property
11/01/2012(Inmaculada)IMZ Announces Positive Feasibility Study at Inmaculada Gold-...
28/07/2010(Inmaculada)Reports New High-Grade Drill Results
05/05/2010(Inmaculada)New Drill Results
30/04/2010(Pallancata)Quarterly Production
26/03/2010(Pallancata)Reports Updates Reserve/Resource Estimates at Pallancata Sil...
24/02/2010(Pallancata)Record Production
04/02/2010(Inmaculada)Increased Resource Estimate at Inmaculada Project
12/11/2009(Pallancata)Record Quarterly Production at Pallancata Mine, Peru
16/07/2009(Pallancata)IMZ Update at Pallancata Mine, Peru and Gaby project, Ecuado...
23/05/2009(Pallancata)Got Gold? IMZ Reserves at 1M gold equiv oz. Investing in Gol...
15/05/2009(Pallancata)IMZ Announces 1st Quarter Production Results- Pallancata Min...
19/02/2009(Rio Blanco - San Luis)Updated Costs at Rio Blanco
17/02/2009(Pallancata)Record Production from Pallancata Mine, Peru
26/01/2009(Gaby)IMZ Announces Optimization Study Results-Gaby Project, Ecuad...
05/11/2008(Pallancata)Q3 Production Results for Pallancata Mine, Peru
02/10/2008(Pallancata) Reports Low Cash Costs at Pallancata Silver Mine, Peru
25/08/2008(Pallancata) Announces Major Increase in Reserves at Pallancata Mine
24/07/2008(Pallancata)Strong Production Results from Pallancata Mine
24/06/2008(Rio Blanco - Alexandra North)Reports High-Grade Gold Drill Results at Rio Blanco Project
Communiqués de Presse de International Minerals Corporation
19/09/2013Provides Gemfield Permitting Update and Earnings Guidance fo...
18/06/2013Announces Update of Feasibility Study at Goldfield=2C Nevada
02/05/2013Provides Earnings Guidance for Third Fiscal Quarter Ending M...
15/03/2013(Pallancata)s Reserve and Resource Estimates at Pallancata Silver Mine
14/02/2013Reports Second Fiscal Quarter Ending December 31, 2012 Finan...
30/01/2013(Pallancata)Reports Production Results From Pallancata Mine for Quarter ...
07/11/2012Provides Earnings Guidance for First Fiscal Quarter Ended Se...
17/07/2012Announces Positive Feasibility Study at Goldfield Gold Proje...
30/05/2012IMZ Reports Drill Results from Converse Project, Nevada
23/05/2012Announces Closing of Sale of Ruby Hill Royalty
15/05/2012Reports $6.8 Million in Pre-Tax Income for Third Fiscal Quar...
12/04/2012(Pallancata)IMZ Updates Reserve & Resource Estimates at Pallancata Mine,...
11/04/2012(Pallancata)s Reserve and Resource Estimates at Pallancata Silver Mine
20/03/2012Announces Metallurgical and Drill Results From Goldfield Pro...
15/02/2012IMZ Reports $12M in Pre-Tax Income for Quarter Ended Dec 31,...
14/02/2012Reports $12.0 Million in Pre-Tax Income for Second Fiscal Qu...
20/12/2011IMZ Announces Positive Preliminary Economic Assessment at Co...
15/12/2011IMZ Reports $15.2M in After-Tax Net Income for Quarter Ended...
29/11/2011Reports Drilling and Metallurgical Results From Converse Gol...
12/10/2011to Repurchase Shares
28/09/2011Reports Record Earnings of $58.4 Million Pre-Tax Net Income ...
24/08/2011Reports Increased Resource Estimate at Converse Gold Project...
18/08/2011on Rio Blanco Contract Negotiations With Ecuadorian Governme...
06/07/2011IMZ Reports Drill Results from Converse Project, Nevada
05/07/2011Reports Drill Results From Converse Project, Nevada, Includi...
01/07/2011IMZ Announces Expiry of Agreements with Chinese Company
17/06/2011IMZ Announces Drill Results from Goldfield Project, NV
17/05/2011IMZ Reports $12.9 Million in Pre-Tax Net Income for 3rd Fisc...
07/04/2011(Pallancata)IMZ Updates Reserve and Resource Estimates at Pallancata Sil...
25/02/2011(Inmaculada)IMZ Reports Increased Resources at Inmaculada Project
24/02/2011Reports Increased Resource Estimate at Inmaculada Gold-Silve...
15/02/2011IMZ Reports Record Net Income for Quarter Ended Dec 31, 2010
21/05/2010Commences Drilling at Goldfield, Nevada
18/05/2010US$3.3 Million Net Income for Third Fiscal Quarter
20/01/2010Drill Results for Recently Acquired Inmaculada Project
13/01/2010Completes Transaction to Acquire Ventura Gold
18/12/2009Ventura Shareholders Approve Arrangement Agreement
17/12/2009Resignation of VP
29/09/2009IMZ Year-End Financials Web Links
12/09/2009Webcasts from Denver Gold Forum & CEO Interview
20/08/2009IMZ Included in Swiss Performance Index of SIX
20/05/2009IMZ Reports Net Income of US$2.0 million for 3rd Quarter End...
20/02/2009Meet International Minerals' CEO Steve Kay at BMO Conference
18/02/2009Net Income $4.8M ($0.05 per share) for Fiscal 2Q
18/12/20082008 Review and 2009 Business Plans
30/09/2008 Reports Strong Year-End Balance Sheet
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