|
Simon Mine Nevada Property Exploration
Update
North
Vancouver, BC: International Millennium Mining Corp. (TSXV: IMI) (the
"Company" or "IMMC") is pleased to provide an update on
its exploration activities completed in 2008 on its Simon Mine Property,
located in the Cedar Mountains of Western Nevada. The Simon Mine produced
approximately 97,000 tons intermittently between 1916 and 1968 averaging
3.2oz/ton Ag; 4.8% Pb and 5.4% Zn; however the grades became better with
depth. For example 89 railcars of ore shipped from the 905 drift area
(approximately 7,000 tons) averaged 0.04 oz/ton Au; 12 oz/ton Ag; 9.0% Pb;
5.7% Zn and 3.0% Cu.
Following up the Phase 1, early 2007 geophysics and mobile metal ion (MMI)
geochemistry work completed pursuant to recommendations in the Seymour M
Sears, P.Geo, May 9, 2006 NI 43-101 technical report, IMMC added an initial
100 claims contiguous to the south boundary of the Simon Mine property, and
continued the IP/resistivity and magnetic geophysics and MMI geochemistry
programs in late 2007 and early 2008. This was followed up with staking of
additional claims; a full land survey of the majority of the Simon
property; acquisition of a 61% interest in the estate holding the Company's
Simon Property Option Agreement; and completion of a comprehensive
geological mapping program over the entire Simon property, which now
comprises 20 patented and 158 non-patented claims.
The purpose of the 2007 and 2008 work was to determine (1) possible
extensions of the Simon Mine mineral zone to the south, to the east and
especially to the west; (2) the possible existence of sub-parallel zones of
Simon Mine-type mineralization; and (3) whether any other type of
mineralization may exist within the property area.
2007 IP/Resistivity surveys, carried out by S.J. Geophysics, were 3D in
nature and consisted of 70 line kms, with a station spacing of 100 meters
along lines 200 meters apart. A detailed grid was also carried out around
the mine area and consisted of a station spacing of 50 m along lines 100
meters apart. The data was inversion interpreted in order to more
accurately locate the causative sources.
The 2007 magnetic survey consisted of 41 line kms, with readings taken
every 25 meters along lines 100 or 200 meters apart. The data were plotted
on a plan map and contoured.
1,345 MMI samples were bagged in 2007 and 2008 along 53.6 kms of survey
lines, with samples originally picked up every 50 meters along lines 200
meters apart. Very strong anomalous results were obtained and thus several
hundred fill-in samples were taken every 25 meters on lines 100 meters
apart. All samples were tested for 46 elements and the results for 13
metals, including silver, lead, zinc, copper, gold, cadmium, arsenic,
antimony, molybdenum, uranium, cobalt, nickel, and cerium, were plotted and
contoured. The exploration program, primarily as a result of the MMI survey
compilation, has revealed four significant anomalous zones of prime
exploration interest.
Zone A, the Simon Mine Anomaly, correlates directly with the
old mine workings, strikes in a direction of west-southwest for a minimum
distance of 1,750 meters and is open to the west-southwest on new ground
staked by the Company.
Zone B occurs within the northwest portion of the new claims staked
by the Company, to the immediate north of Zone A. It consists of very
strong gold values correlating with anomalous silver, copper and uranium.
This zone has a width of up to 400 meters.
Zone C occurs along the western edge of the Luning limestone where
there is much jasperoid breccia, as well as areas of calcite, hematite and
silicate veining or replacement of limestone. This gold zone, with anomalous
values of copper and silver, strikes in a north-northwest direction for a
minimum distance of 2,400 meters.
Zone D primarily consists of uranium, molybdenum, arsenic and
antimony anomalous values, with some copper values. It occurs in the
southwest corner of the survey area to the immediate east of Zone C within
the volcanogenic lacustrine sediments. It strikes east-west with a minimum
strike length of 800 meters.
The four primary anomalous zones are targets over which exploration should
continue on a priority basis. Recommendations have been made to continue
the MMI detail sampling at 25-meter intervals on lines 100 meters apart. In
addition, the MMI and magnetic surveys should continue to the west, as well
as to the south and southeast where the anomalous zones are open. The
anomalies within the anomalous zones should then be diamond drilled. All of
these anomalies should be ready to be drilled later this year.
About International Millennium Mining Corp.
International Millennium Mining Corp. is a mineral exploration and
development company engaged in the acquisition and exploration of
polymetallic mineral properties in Canada and the Americas, with a
particular focus on small mine deposits. 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.
David Mark, P. Geo, in charge of exploration on the Simon Property, and a
qualified person as defined by National Instrument ("NI") 43-101,
has reviewed and approved the technical information contained in this news
release.
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.
|