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International Millennium Mining Corp
Symbol IMI
Shares Issued 87,109,756
Close 2011-10-17 C$ 0.14
Market Cap C$ 12,195,366
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Int'l Millennium drills 200 ft of 120 g/t Ag at Nivloc

2011-10-18 09:19 ET - News Release

Mr. John Versfelt reports

IMMC DRILLS 200.8 FEET OF 120 GM/T AG AND 1.01 GM/T AU AT NIVLOC

International Millennium Mining Corp. has released assay results from four additional diamond drill holes at its Nivloc silver and gold project located in southwestern Nevada. The drilling reported to date has been from three drill stations (pads) targeting a 1,200-foot-long by 600-foot vertical unmined zone within the Nivloc mine. This target zone lies between two partially mined areas exploited by Desert Silver between 1937 and 1942.

The new results include holes 11NL-19 through 11NL-22, drilled from pad 2 near the centre of the zone, which tested previously undrilled portions of the deposit. Six additional holes, 11NL-23 to 11NL-25 from pad 2, 11NL-26 from pad 1, and 11NL-27 and 11NL-28 from pad 4 (a new drill station located on the western part of the Nivloc deposit), have been completed. Drill hole 11NL-29 is in progress and two additional holes are planned for the target area during October. The IMMC drilling program at Nivloc continues to expand the mineralized zone, which remains open at depth and along strike in both northeast and southwest directions.

Drill holes 11NL-19 to 11NL-22 intersected high-grade lenses, enclosed by wide zones of lower-grade material. Highlights include:

  • Hole 11NL-19: 16.8 feet at 113.0 grams per tonne silver and 1.32 grams per tonne gold (main Nivloc vein);
  • Hole 11NL-20: 9.8 feet at 173.0 grams per tonne silver and 1.78 grams per tonne gold (main Nivloc vein);
  • Hole 11NL-21: 200.8 feet at 120 grams per tonne silver and 1.01 grams per tonne gold (main Nivloc vein), including:
    • Nine feet at 418.0 grams per tonne silver and 0.72 gram per tonne gold (main Nivloc vein);
    • Four feet at 731.0 grams per tonne silver and 8.61 grams per tonne gold (main Nivloc vein);
  • Hole 11NL-22: 8.2 feet at 323.0 grams per tonne silver and 3.98 grams per tonne gold (main Nivloc vein).

Drill hole 11NL-19 intersected the Nivloc vein system above the 440-foot level, in the eastern portion of the target area above the main haulage drift in the old workings. Drill hole 11NL-20 was a fill-in hole near the centre of the target area and intersected the main Nivloc vein system between the 600- and 700-foot levels. Hole 11NL-21 intersected the main Nivloc vein between the 600- and 700-foot levels approximately 100 feet west of hole 11NL-5 (previously reported) and was the widest intersection of a well-mineralized vein structure and the best drill hole to date. Drill hole 11NL-22 intersected the main Nivloc vein system between the 600- and 700-foot levels and beneath the old workings in the eastern part of the target area. The level numbers referred to above, along with distances from other hole intercepts, are deemed to be approximate.

                                                  
                              DRILL HOLE RESULTS
Hole                                                        
No.               Interval   Drill width    Estimated true      Ag      Au  
                                   (feet)      width (feet)   (g/t)   (g/t)     

11NL-19     554.0 to 664.0         110.0              90.5    72.0    0.57   
Including   641.2 to 658.0          16.8              13.8   113.0    1.32      
Including   652.0 to 658.0           6.0               4.9   147.0    1.60
11NL-20     839.2 to 873.5          34.3              11.4   112.0    1.02      
Including   839.2 to 849.0           9.8               3.3   173.0    1.78   
11NL-21     506.7 to 707.5         200.8             115.3   120.0    1.01    
Including   506.7 to 572.5          65.8              37.9   268.0    2.23     
Including   517.0 to 526.0           9.0               5.2   418.0    0.72     
And         533.0 to 572.5          39.5              22.8   293.0    3.23
Including   554.0 to 558.0           4.0               2.3   731.0    8.61     
11NL-22     670.0 to 688.0          18.0              10.6   191.0    2.05      
Including   674.8 to 683.0           8.2               4.8   323.0    3.98     
            738.2 to 754.5          16.3               9.6   175.0    1.28   
Including   738.2 to 748.0           9.8               5.8   229.0    1.74      

Notes:
- Estimated true widths are calculated and may change slightly
  with additional structural information.
- Previous drill hole results are set out in the company's 
  Sept. 7, 2011, news release.

As previously indicated in this press release, the current drilling program is focused on a target area that lies between previously mined zones within the northeast-southwest-trending Nivloc vein structure. The exploration target lies between the surface and the existing 800-foot level drift in the old mine workings. The 800-foot mine level is approximately 900 feet vertically below surface, and the vein and workings dip from minus-45 to minus-65 degrees toward the northwest. Previous mining at Nivloc focused on high-grade lenses of ore that were encountered while drifting along the vein structure. The current IMMC drilling program indicates that the Nivloc structure ranges from 50 to more than 150 feet wide and contains several parallel vein zones. It appears from available data that only one of these parallel vein zones was exploited by prior mining activity. In addition to the potential for high-grade lenses similar to those that were mined historically, the material between the lenses is consistently mineralized and the entire structure may have potential as a low-grade, bulk-minable deposit.

It is stressed that no tonnage or grade estimates have been calculated to date. The current drilling program is designed to generate enough reliable information to outline viable mineralized zones that can be converted to resources in compliance with NI 43-101 standards.

John A. Versfelt, president and chief executive officer of the company, commented: "The Nivloc project continues to be impressive, with its growing continuity, multiple veins and grades of silver and gold. Management is very happy with the drilling progress at the Nivloc project. We have increased the property size by staking and adding 73 new claims for a total of 121 claims covering approximately 2,280 acres. In addition, the company has discovered a decline on the Nivloc mine property that is clean and structurally sound, measuring nine feet by nine feet and approximately 2,000 feet in length, ending within 170 feet of the historic Nivloc workings and approximately 80 feet above the 600-foot level. Together with the water rights, the county road through the property, and power poles and lines already in place, this decline adds considerably to the company's assets and future cost savings, and will be a significant factor when it is time to make decisions about the viability of bringing the Nivloc mine back into production."

Thomas L. Evans, PGeo, the company's qualified person under NI 43-101 in charge of the drilling program, reviewed and approved the technical disclosure of this press release on behalf of the company.

International Millennium Mining, through its wholly owned subsidiary International Millennium Mining Inc., has an option agreement with Silver Reserve Corp., a wholly owned subsidiary of Infrastructure Materials Corp., to acquire an 85-per-cent interest in SRC's 18-claim NL property, which forms part of the Nivloc property.

The drill assay intervals were calculated using the weighted average method. Drill core assaying was conducted by ALS Chemex, which is an ISO-certified laboratory. The company has implemented a quality assurance/quality control program to ensure that sampling and analysis of all samples are conducted in accordance with the best possible practices. The system includes the use of standards, blanks and duplicates to ensure analytical accuracy and the submission of duplicate samples to a second laboratory to verify the integrity of the analytical results.

We seek Safe Harbor.

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