IMC International Mining Corp. Confirms Copper Gold Showings and Plans Aggressive Drilling Program
IMC International Mining Corp. Confirms Copper Gold Showings
and Plans Aggressive Drilling Program
January 19, 2021
Vancouver, BC – IMC International Mining Corp. (CSE:IMCX) (OTC:IMIMF) (FRA:3MX) (the
“Company” or “IMC”), is pleased to report initial results from the 2020 exploration program undertaken
on t he Company’s 100% owned Thane Property (the “ Property”) located in north-central British
Columbia, Canada. The Property comprises 206.58 sq. kilometers of contiguous claims that were privately
owned until acquired by IMC in March 2020. The Property is located within the Quesnel Terrane, a north-
south linear volcano -sedimentary belt of rocks intruded by multi -phase intrusive rocks , which hosts
multiple porphyry style deposits. To the north of the Property is the currently producing Mt. Milligan
copper-gold alkalic porphyry mine and to the south is t he past producing Kemess calc-alkalic porphyry
copper-gold mine.
During the summer of 2020, exploration fieldwork comple ted a n 8-week field program that included
Induced Polarization (“ IP”) surveying , petrographic studies, geological mapping, rock, soil and silt
sampling with the objective of identifying prospective drill targets for the 2021 exploration season. The
results reported in th is release are fr om the Cathedral Area, which comprises approximately 11 sq.
kilometers of the 206.58 sq. km Property.
Work at the Cathedral Area consisted of approximately 3.1 sq. kilometers of geological mapping,
collection of 100 rock samples in support of the geological mapping program, 11 line-kilometers of IP
surveying, collection of 507 soil samples along all IP lines and 6 samples submitted for petrographic study.
The Showings within the main zone of the Cathedral Area have returned up 13.90% Cu and 6.85 g/t Au
from the Cathedral Showing, 4.72% Cu and 1.33 g/t Au from the Cathedral South Showing, 11.10% Cu
and 2.77 g/t Au from the Arc Showing and 3.13 % Cu and 0.32 g/t Au from the Gully Showing.
Rock sampling undertaken during the 2020 work program was designed to support geological mapping,
but significant results were returned. Selected results from grab samples that returned greater than 0.3 %
Cu include:
Sample # Cu % Au g/t Ag g/t Sample Type
2258 5.930 2.490 11.90 Grab-outcrop
2267 0.422 0.026 0.47 Grab-float
2275 0.462 0.015 1.66 Grab-outcrop
2276 4.510 0.115 13.60 Grab-float
2288 0.334 0.188 1.75 Grab-float
2291 0.429 0.294 3.73 Grab-outcrop
2298 2.320 0.722 24.10 Grab-float
2305 0.377 0.876 1.91 Grab-outcrop
2351 0.597 0.010 1.37 Grab-outcrop
2417 0.500 0.014 7.17 Grab-outcrop
3119 3.020 5.090 6.55 Grab-outcrop
3145 0.997 0.018 7.68 Grab-float
3148 0.647 0.054 23.80 Grab-outcrop
Selected results from chip samples that returned greater than 0.3% Cu and/or greater than 0.2 g/t Au include:
Sample # Width(m) Cu % Au g/t Ag g/t
2255 0.43 3.600 0.555 7.10
2264 1.50 0.093 0.223 0.73
2269 1.25 0.107 0.588 1.51
2280 1.30 0.313 0.070 1.50
2282 0.80 0.692 0.181 3.54
2286 0.60 0.067 0.269 1.11
2306 1.50 0.052 3.930 3.83
Styles of mineralization at the Cathedral Area include stockwork and disseminated porphyry -type and
vein-hosted. Copper occurs as chalcopyrite and rare bornite. Late stage quartz veins containing high-grade
gold values define the Pinncale Showing, located approximately 740 metres to the north of the main zone
of the Cathedral Area. These veins have returned up to 20.10 g/t Au and 3.29% Cu.
Highly chargeable bodies of disseminated and fracture -controlled copper -gold mineralization appear
proximal to and associated with an interpreted north-south trending moderately southeast dipping syenite.
A tilted or off -set and possible hidden extension of a copper-gold alkalic porphyry system dominated by
potassic, propylitic and sodic altered diorite, quartz monzonite/quartz monzodiorite intrusive phases is
interpreted for the Cathedral Area.
Approximately 300 meters to the east of the syenite, in an area of cover, a n IP anomaly that is
approximately 500 meters wide by 1,000 meters long has the potential for a related blind porphyry system.
This area contains a significant increase in chargeability and resistivity similar to increased features within
the main showings of the Cathedral Area, which contained significant copper and gold mineralization. The
chargeability extends to a minimum of 200 meters in depth and in areas where increased chargeability
extends proximal to surface, anomalous copper-in-soil is observed.
The 2020 program was successful in gaining an understanding of the controls on the copper -gold
mineralization and identifying areas to be tested by diamond drilling. Determining controls on
mineralization was assisted by the development of a geological model for th e drill ready areas, which has
been interpreted to be a tilted alkalic porphyry. Figures illustrating the 2020 results are presented below.
IMC is planning an aggressive drilling program for 2021 . A total of 6,150 met ers of drilling has been
identified to initially test the highly prospective targets identified during the 2020 work program . These
targets have been identified from contingent geochemistry, geology and geophysics based on the following
coincident criteria:
- Surface outcrop and sub -crop grab sampling from 2013 to 2020 of the Cathedral Area that has
averaged 0.37 % Cu, 0.23 g/t Au, 1.26 g/t Ag in 442 samples;
- Time domain, pole-dipole IP resistivities of 1,000 background up to 2,500 ohm-m and
chargeabilities of 5.14 background up to 24.45mV/V;
- Soil sampling that has defined copper-gold-arsenic anomalies coincident with IP anomalies;
- Previously unmapped geology that is characterized by Duckling Creek Syenite Complex, which
hosts the Lorraine Deposit located 18 kilometres to the south of the Cathedral Area; and
- Alkalic-porphyry related alteration and mineralization over an area of 4 sq. kilometers.
T. Greg Hawkins , P.Geo., Chairman of the Board of IMC , stated, "Based on the exploration at the
Cathedral Area to date, the area demonstrates a very strong potential for hosting (alkalic) porphyry style
copper-gold mineralization, and we look forward to an extensive drilling program this coming explor ation
season on the Cathedral prospects as well as other areas within the Company ’s 206 sq. kilometer
property."
All samples were transported by the exploration team manager . Rock samples were cut by rock saw with
one half delivered to ALS Minerals (ALS) of North Vancouver, BC , for sample preparation and analysis
while the other half of the sample was retained for reference. Analysis consisted of multi-element ICP-MS
and gold by fire assay with assays performed on over limits.
Further examination of data and sampling collected from other areas near the Cathedral Area will be
reported in the near future.
The scientific and technical information disclosed in this news release was reviewed, verified and
approved by Christopher O. Naas, P. Geo., COO of IMC, who is a “Qualified Person” as defined in NI 43-
101.
ON BEHALF OF IMC INTERNATIONAL MINING CORP.
David McMillan
Interim Chief Executive Officer and Director
Telephone: +1-604-588-2110
Investor Relations:
Email: [email protected]
Telephone: +1-604-588-2110
Website: https://imcxmining.com
ABOUT IMC INTERNATIONAL MINING CORP.
IMC is a junior exploration and development company focused on creating shareholder value through the
advancements of its current assets that include the Thane Property in north -central British Columbia, and
the Bullard Pass Property in Arizona. Utilizing its heavily experienced management team, IMC continues
to source and evaluate assets to further generate shareholder value.
The Thane property covers approximately 206.58 km2 (50,904 acres) and is located in the Quesnel Terrane
of north-central British Columbia. The northern part of the Quesnel Terrane extends from south of the Mt.
Milligan Mine northward to the Kemess Mine, with the Thane Property located midway between these two
copper-gold porphyry deposits.
Details of some of the key deposits in the northern portion of the Quesnel Terrane include:
Deposit Tonnes
(Mt)
Cu
(%)
Au
(g/t)
Ag (g/t) Mo
(ppm)
Kemess East1
Indicated 177.5 0.36 0.40 1.97 -
Inferred 29.3 0.31 0.3 2.00 -
Kemess U/G1
Indicated 173.7 0.18 0.30 1.55 -
Inferred 47.7 0.20 0.30 1.65 -
Kwanika (Swan)2
Central Zone
Indicated
182.6 0.29 0.28 - -
Central Zone
Inferred
28.5 0.18 0.20 - -
South Zone Inferred 129.1 0.30 0.09 1.76 100
Lorraine3
Measured +
Indicated
6.4 0.61 0.23 - -
Inferred 28.82 0.45 0.19 - -
Mt. Milligan4
Proven 114.75 0.23 0.41 - -
1 - www.centerragold.com/operations/kemess/reserves-and-resources
2 - www.serengetiresources.com /s/Kwanika.asp
3 - (Giroux and Lindinger, 2012)
4 - www.centerragold.com/operations/mount-milligan/production-and-reserves
The Cathedral property includes several highly prospective mineralized areas identified to date, including
the ‘Cathedral Area’ on which the Company’s exploration is currently focused.
The Bullard Pass Property is comprised of 171 unpatented federal lode claims totaling 3,420 acres and is
located in west -central Arizona, northwest of Phoenix, within the Pierce Mining District of Yavapai
County. The property has a regional setting typical of detachment fault gold deposits and has geological,
mining and metallurgical similarities to the Mesquite Mine in California . The claims are 100% owned by
IMC International Mining Corp.
The Canadian Securities Exchange has not reviewed, approved or disapproved of the contents of this news
release.