🕐06.06.11 - 11:54 Uhr
EXCELLENT GRADE FOUND IN NEW HANGING WALL VEIN AT NIVLOC MINE PROJECT NEVADA
EXCELLENT GRADE FOUND IN NEW HANGING WALL VEIN AT NIVLOC MINE PROJECT
NEVADA
North Vancouver, BC: International Millennium Mining Corp.
(“IMMC” or the “Company”) is releasing assay results from two
additional diamond drill holes at its Nivloc Silver(Ag) and Gold (Au)
Project, in Esmeralda County, Nevada.
The best values were
intersected in hole 11NL-6 drilled from Pad 2, the same site from
which 11NL-5 was drilled.
Drill Highlights from 11NL-6 include:
7.3 feet grading 3.56 gm/t Au & 719.5 gm/t Ag - intersected in the
hanging wall above the main Nivloc vein.
20.1 feet grading 1.7 gm/t Au & 180.5 gm/t Ag – intersected in the
main Nivloc vein.
49.5 feet grading 1.09 gm/t Au & 106.5 gm/t Ag – intersected in the
main Nivloc vein.
Hole 11NL-6 was targeted 155 feet to the northeast of hole 11NL-5 to
extend the strike length in that direction.
Hole 11NL-5 reported in
the Company’s News Release of April 11, 2011, contained four
potentially economic grade vein zones of probable mining width.
Hole
11NL-6 remains outside of Sunshine Mining Company’s reserve block
calculated in the 1980s and is therefore a heretofore unknown and
un-mined vein.
Hole 11NL-7, drilled from Pad 3 located 450 feet west of Pad 2,
intersecting the Nivloc vein at a much deeper level (830 feet) and in
footwall Alaskite granite, cut one <>2.2 foot interval grading 3.01
gm/t Au and 264 gm/t Ag.
Five additional mineralized intervals were
intersected as well.
Hole 11NL-7 contained abnormal amounts of vein
calcite which tends to lower the precious metals values.
In addition
to Hole 11NL-7, holes 11NL-8 through 11NL-14, also drilled from Pad
3, have been completed, totaling approximately 8,200 feet (~2500
meters).
This total does not include hole 11NL-12 which was lost at
392.5 feet and is being re-drilled at this time.
Holes 11NL-8 through
11NL-11 and 11NL-13 have been logged, sampled and submitted for assay.
Summary of Drill Results
Results and Comments
Hole No.
Azimutho
Dipo
Interval*
Feet
Au gm/t
Ag gm/t
11NL-5
190o
-75 o
613.7 - 632.5
18.8
2.56
241.4
656.0 - 665.8
9.8
0.926
467.2
676.0 - 704.0
28.0
0.30
273.9
713.3 - 729.0
15.7
6.19
112
including
725.3 - 729.0
3.7
25.5
208
11NL-6
158 o
-79 o
370.5 – 378.0
7.5
3.56
719.5
649.2 – 669.3
20.1
1.70
180.8
704.0 – 753.5
49.5
1.09
106.5
11NL-7
129 o
-78 o
786.3 – 788.5
2.2
3.01
264.0
*True widths have not been calculated and are therefore not known
In response to encouraging results and increasing knowledge of the
Nivloc vein system, the Company has commenced staking additional
ground contiguous to its existing holdings.
To date, twenty claims
have been staked and recorded.
John A.
Versfelt, President & CEO of the Company says, “We are very
pleased that the new results continue to support an aggressive
drilling program on the Nivloc property.”
Thomas L.
Evans, the Company’s qualified person under NI 43-101 in
charge of the drilling program, prepared, reviewed and approved the
contents of this press release.
The drill assay intervals were calculated using the weighted average
method.
Drill core analysis and assaying was conducted by ALS Chemex
which is an ISO Certified laboratory.
The Company has implemented a
quality assurance and quality control program to ensure that sampling
and analysis of all samples is conducted in accordance with the best
possible practices.
The system includes the use of standards, blanks
and duplicates to ensure analytical accuracy.
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”
John A.
Versfelt,
President & CEO
Further information about the Company can be found on SEDAR
(www.sedar.com) or by contacting Ms.
Sheri Barton: 403-217-5830
or Mr.
John Versfelt, President & CEO of the
Company at 604-984-9907.
* * * * * * *
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.
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