IMC International Mining Corp. Announces CJL/Mat/Lake Area Results
IMC International Mining Corp. Announces CJL/Mat/Lake Area Results
Significant Copper and Gold Results from Rock Sampling
June 4, 2020
Vancouver, BC – IMC International Mining Corp. (CSE:IMCX) (OTC:IMIMF) (FRA:3MX) (the “Company”
or “IMC”), is pleased to announce results from it’s on-going compilation of work from its Thane Property
(the “ Property”) located in north -central British Columbia. IMC began an extensive compilation and
synthesis of available data from the Property, which includes 359 rock samples collected by CME
Consultants Inc. (“CME”), 1,098 rock samples collected by Thane Minerals Inc. (“TMI”), and soil sampling
and Induced Polarization (“IP”) surveys completed by TMI.
Work on the Property has identified six areas of significant gold copper silver mineralization. The
results from IMC’s compilation work presented in this news release are for the CJL, Mat, and Lake Areas.
The Company previously released Cathedral Area results, and Gail/Cirque Area results.
CJL Area
Commander Resources Ltd. first discovered the CJL Showing in 2005 during a one-day reconnaissance
traverse. TMI undertook a short prospecting program in 2016 to ve rify Commander Resources results,
which resulted in the collection of 56 rock samples . Copper mineralization at the CJL Showing is hosted
by highly altered, foliated syenite and magnetite/specular hematite breccia. Due to the steepness of the
terrain, in-situ mineralization was not visited by TMI, however visible copper oxide mineralization
(malachite) was observed on the cliff face for a length of over 125 meters. From the 56 rock samples
collected by TMI, 31 samples returned greater than 0.1% Cu, and 10 samples returned greater than 1.0%
Cu. The highest copper values were found to occur in areas of intense brecciation. Although gold grades
appear to be lower in tenure from the Gail and Cathedral S howings, located approximately 5 km and 11
km to the south, respectively, sample 3020 returned 0.632 ppm Au , which demonstrates gold
mineralization of significant tenure does exist at the CJL Showing. Significant samples are presented in
Table 1 and a compilation of results is presented below.
Table 1: Selected rock sample results, CJL Area
Sample Sample Type Cu (%) Au (g/t) Ag (g/t)
3018 Float 1.715 0.014 3.25
3020 Float 1.060 0.632 2.74
3027 Float 5.180 0.049 9.44
3028 Float 0.653 0.003 1.32
3049 Float 1.030 0.006 1.32
3051 Float 3.100 0.040 28.90
3052 Float 2.250 0.014 3.31
3054 Float 0.896 0.008 2.29
3056 Float 0.620 0.009 1.43
3057 Float 0.723 0.006 1.59
3059 Float 1.060 0.015 5.66
3061 Float 8.820 0.529 16.60
3062 Float 0.868 0.007 1.61
3065 Float 1.035 0.012 3.18
3066 Float 0.527 0.005 0.72
3069 Float 0.837 0.080 7.76
3071 Float 9.510 0.138 16.70
Mat Area
In 1971, Fortune Island Mines Ltd . discovered a pyrite -chalcopyrite bearing quartz vein, from which a
1.07 meter chip sample returned 2.18% Cu. In 1983, Canasil Resources Inc. (“Canasil”) blasted open the
vein from which they collected a total of 41 chip samples, each 0.31 meters in length, over 230 meters of
exposed vein material . The average silver value of all the samples collected was 746 g/t Ag. In 1985 ,
Canasil tested the vein with 9 diamond drill holes totaling of 942 meters from 4 set -ups. Silver
mineralization over similar width s observed on surface was intersected in 2 of the holes. Results ranged
from 165 g/t Ag to 468 g/t Ag. In 1991, Canasil undertook channel sampling in 10 areas over a previously
unsampled section of the main vein, which yielded an average grade of 1,140 g/t Ag, 0.51% copper,
1.79% lead, and 2.59% zinc. In 1998, Canasil conducted rock sampling over the main vein, which returned
an average grade of 822 g/t Ag over an average width of 0.34 meters. These results are historical and are
presented for reference only.
In 2015, TMI undertook an airborne geophysical survey over the Thane property, which included
coverage of the Mat Area. Additionally, confirmation sampling of the main vein was undertaken prior to
the start of the survey. A grab sample from the main vein returned up to 4,950 g/t Ag, 1.5 % Cu, 3.3% Pb
and 1.2 % Zinc. The airborne survey , identified a 1 -kilometer x 0.5-kilometer magnetic feature, proximal
to the silver-bearing quartz vein, which has not yet been explored. This magnetic feature was confirmed
in 2017 when Geoscience BC undertook an airborne geophysical survey as part of their Quest program.
The total magnetic intensity is presented with selected historical rock samples locations below for
reference.
Lake Area
The Lake Area was discovered by TMI in 2012. From the 141 rock samples collected by TMI, 77 samples
returned greater than 0.1% Cu, 39 samples were greater than 0.5% Cu, and 15 samples were greater than
1% Cu. Gold mineralization was found to occur at the Lake Area, as a total of 39 samples returned greater
than 0.1 g/t Au, with 8 samples being greater than 1.0 g/t Au. Anomalous gold values are invariably
associated with anomalous copper values, but the converse does not hold. Rocks within the Lake Area
were mapped as quartz monzonite to dioritic in composition, with significant copper grades associated
with potassic alteration zones. The style of mi neralization has not yet been defined, but the footprint of
anomalous copper and gold mineralization covers an area 3 km long by 1.5 km wide.
Along the base of the southern cliffs, significant copper and gold mineralization was found to occur for a
length of 2.3 km. Sample highlights along this zone of mineralization include 3.37% Cu, 1.39 g/t Au from
gossanous float with abundant (5 -7%) pyrite and moderate to strong chlorite and potassic alteration at
the western end of the zone, and 3.02% Cu, 0.88 g/t Au collected from gossanous quartz monzonite with
malachite and chalcopyrite near the eastern end.
Quartz monzonite with chalcopyrite and malachite staining sampled at higher elevations near the ridge
crest, returned up to of 3.82% Cu and 3.07 g/t Au . At the western edge of the area, grab samples from
outcrop returned up to 1.52% Cu and 0.04 g/t Au. Significant samples are presented in Table 2 and a
compilation of results is presented below.
Table 2: Selected rock sample results, Lake Area
Sample Sample Type Cu (%) Au (g/t) Ag (g/t)
1761 Float 1.22 0.37 4.3
1770 Float 0.58 0.07 4.5
1777 Float 0.27 0.92 3.6
1778 Float 1.85 1.20 12.4
1779 Float 3.37 1.39 13.4
1786 Outcrop 0.92 0.07 3.7
1793 Float 1.01 1.33 10.8
1796 Outcrop 0.62 0.12 2.8
1797 Float 0.88 0.02 1.3
1799 Float 0.51 0.05 0.3
1800 Outcrop 0.50 0.20 1.5
1802 Float 0.73 1.28 9.1
1806 Float 0.47 0.73 3.4
1807 Float 0.43 0.78 2.8
1816 Float 2.54 0.99 32.1
1821 Float 0.95 0.10 11.6
1823 Float 1.99 0.61 17.1
1826 Float 0.52 0.74 3.3
1829 Outcrop 1.52 0.02 4.1
1830 Outcrop 1.13 0.04 2.5
1831 Outcrop 0.63 0.07 1.7
1838 Subcrop 0.29 0.95 3.3
1840 Float 0.76 0.04 6.7
1843 Float 0.66 0.09 7.8
1844 Float 0.77 0.35 8.0
1848 Float 0.64 0.18 2.7
1849 Float 0.35 2.77 8.4
1850 Subcrop 2.55 3.07 15.7
1851 Float 1.48 0.17 8.8
1856 Outcrop 3.82 0.08 8.0
1864 Outcrop 0.84 0.11 2.4
1865 Float 0.70 0.03 2.2
1866 Float 0.86 0.20 7.3
1867 Float 0.58 0.02 1.0
1868 Float 0.67 0.06 3.0
1876 Float 4.56 3.81 29.6
1889 Float 0.96 0.13 3.0
1896 Float 0.91 0.40 4.8
1897 Float 0.77 1.20 5.9
1898 Float 3.02 0.88 15.1
1901 Float 0.89 0.04 1.4
1902 Float 2.88 0.17 16.6
1903 Float 2.31 0.21 3.3
1904 Float 0.89 0.07 1.1
“The compilation of data from the work undertaken by Thane Minerals demonstrates the presence of
significant copper -gold mineralization throughout the 206 sq km Thane Property. With the Cathedral
Area modelled as an alkalic porphyry, and such systems usually occurring in clusters, the copper and gold
values detected on the Prope rty to date highlights the potential for other significant discoveries,” stated
Brian Thurston, Chief Executive Officer and President of IMC . “Although the focus for IMC this summer
will be at the Cathedral Area, IMC has plan s to revisit all of these other areas, advancing them through
exploration and evaluating their potential.”
The scientific and technical information disclosed in this news release was reviewed, verified and
approved by Christopher O. Naas, P. Geo., of CME who is a “Qualified Person” as defined in NI 43 -101.
Mr. Naas is a shareholder of the Company and owner of CME.
ON BEHALF OF THE BOARD OF DIRECTORS
Brian Thurston
Chief Executive Officer and President
ABOUT 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 heav ily experienced management team, IMC continues
to source and evaluate assets to further generate shareholder value.
The Thane property covers approximately 206km2 (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. The Thane 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 acre s and is
located in west -central Arizona, northwest of Phoenix, with in 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.
INVESTOR RELATIONS:
1 (604) 588-2110
https://imcxmining.com
Forward-Looking Information: This news release contains "forward -looking information" within the meaning of
applicable securities laws relating to statements regarding the Company's business and plans, including with respect
to undertaking further acquisitions and carrying out explora tion activities in respect of its mineral projects.
Although the Company believes that the expectations reflected in the forward -looking information are reasonable,