IMC International Mining Corp. Expands Copper-Gold Mineralization at the Cirque Area
IMC International Mining Corp. Expands Copper-Gold Mineralization at the Cirque
Area
January 27, 2021
Vancouver, BC – IMC International Mining Corp. (CSE:IMCX) (OTC:IMIMF) (FRA:3MX) (the “Company” or
“IMC”), is pleased to report additional results from the 2020 exploration program undertaken on the 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 porphy ry style deposits. To the s outh of the Property is the currently producing Mt.
Milligan copper-gold alkalic porphyry mine and to the north is the past producing Kemess calc -alkalic porphyry copper-
gold mine.
During the summer of 2020, exploration fieldwork completed an 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 this r elease are from the Cirque Area,
which comprises approximately 5 sq. kilometers of the 206.58 sq. km Property.
Work at the Cirque Area consisted of approximately 1.6 sq. kilometers of geological mapping , collection of 74 rock
samples in support of the geo logical mapping program, 1.5 line-kilometers of IP surveying , collection of 29 soil samples
along a single IP line and 8 samples submitted for petrographic study.
Selected results from grab samples that returned greater than 0.3 % Cu include:
Sample # Cu % Au g/t Ag g/t Mo ppm Sample Type
2313 0.725 0.128 3.74 1.77 Grab-outcrop
2314 1.500 1.070 6.60 41.40 Grab-outcrop
2317 5.410 0.690 18.45 228.00 Grab-outcrop
2318 3.800 0.138 22.00 3.40 Grab-outcrop
2319 8.700 1.825 29.80 10.35 Grab-outcrop
2320 0.355 0.047 0.89 2.36 Grab-outcrop
2321 5.680 2.720 26.00 6.34 Grab-outcrop
2324 0.957 0.379 22.60 26.70 Grab-outcrop
2326 0.411 0.041 2.30 1.89 Grab-outcrop
2361 0.341 0.062 2.49 3.87 Grab-outcrop
2362 1.920 0.462 8.65 1.49 Grab-outcrop
2363 0.770 0.063 3.30 8.73 Grab-outcrop
2365 0.422 0.719 5.96 341.00 Grab-outcrop
2366 0.532 0.142 14.65 454.00 Grab-outcrop
3109 2.070 0.003 0.70 1.42 Grab-outcrop
3116 0.565 0.097 2.19 1.38 Grab-float
3133 0.385 0.094 2.41 24.90 Grab-outcrop
3135 2.860 0.059 12.30 24.20 Grab-outcrop
3140 0.403 0.162 2.74 9.24 Grab-outcrop
3302 2.190 0.543 11.30 6.55 Grab-float
3303 3.090 0.758 27.50 8.57 Grab-float
3304 1.125 0.156 20.30 29.80 Grab-float
3305 3.460 1.495 13.05 35.90 Grab-float
3307 0.910 0.024 5.49 2.91 Grab-outcrop
3308 1.480 0.096 12.00 0.90 Grab-float
3309 0.517 0.297 4.81 159.00 Grab-outcrop
3310 0.635 0.093 1.46 1.31 Grab-float
3312 0.367 0.105 3.16 5,320.00 Grab-outcrop
Selected results from chip samples include.
Sample # Width(m) Cu % Au g/t Ag g/t Mo ppm
3103 1.20 1.830 0.454 7.44 201.00
3110 0.12 3.260 77.800 56.40 1.08
Sample 3103 was collected from a north -south trending fault zone and sample 3110 was collected from a north -south
trending sulphide vein. The 77.80 g/t Au, returned from sample 3110, is the highest gold value returned to date from the
Thane Property. This vein appears to have been sampled during the British Colu mbia Geological Survey mapping
program of the Hogem Batholith in 2019 . Sample GJ019-6-2 returned 8980 ppm Cu, 3330 ppb Au and 11.4 ppm Ag
(Paper 2020-01, Geological Field Work 2019) and has been named the Ootes Showing.
The highest copper grade of the 2020 work program was returned from sample 2319 (8.70% Cu, 1.83g/t Au and 29.8g/t
Ag), located at the original Cirque Showing. This showing was discovered by IMC’s predecessor company (Thane
Minerals Inc. “ TMI”) but was never sampled in outc rop. It is a pervasively silicified diorite with abundant sub -vertical
northwest-southeast trending quartz-epidote-chalcopyrite-pyrite veins and fractures. Very little molybdenite is associated
with this orientation of veining within the Cirque Area.
To t he east of the Cirque Showing, p otentially deep seated, structurally controlled, north -south trending sub -vertical
quartz-epidote-chalcopyrite-molybdenite veins are observed cutting the diorite, quartz monzodiorite and granodiorite.
These veins are noticea bly absent in the area of the Cirque Showing. They appear to post -date both potassic and albite
porphyry related alteration as they are noted to cut these alteration types within the area . These veins return significant
levels of molybdenum, with the highest value returned from sample 3312 of 5,320 ppm Mo.
The single IP survey line was established with an a -spacing of 100 metres and was oriented in a north-easterly direction
due to topographic constraints. The north-easterly direction was not optimal for picking up the narrow north-south
trending structures discovered during the 2020 work program.
Adjacent to the Cirque Area, towards the east, is the Gail -Aten Area. Work by TMI on this 9 sq. kilometer area returned
significant copper and gol d values in 2012. Of the 295 samples collected f rom this area, 140 returned greater than 0.1%
Cu with 65 of these returning greater than 0.5% Cu. A total of 37 samples returned greater than 1% Cu with a maximum
value of 7.69% Cu. A total of 40 samples returned greater than 0.1 g/t Au, with eight samples greater than 1.0 g/t Au.
Selected results from grab samples collected from outcrop of greater than 0.5% Cu include:
Sample # Cu % Au g/t Ag g/t
1448 1.710 0.040 17.5
1450 2.040 0.080 23.2
1456 1.420 0.400 8.5
1474 4.270 1.340 16.1
1481 0.720 0.010 0.1
1485 1.190 0.180 10.9
1487 1.190 0.020 9.1
1531 7.690 1.260 65.2
1543 0.560 0.110 5
1544 0.990 0.010 3.6
1546 0.550 0.100 4.3
1556 1.530 0.070 14.6
1560 0.740 0.020 7.8
1561 0.590 0.110 5.9
1639 1.390 0.110 7.9
1642 0.650 0.010 0.1
1644 0.640 0.130 2
1647 0.680 0.020 14.1
1651 2.290 0.680 12.7
1668 6.780 2.840 29.9
1725 1.600 0.010 4.1
1734 0.570 0.000 7.1
1755 0.710 0.010 2.8
Work to date at the Cirque and Gail -Aten Areas has outlined a significant area of copper -gold-molybdenum
mineralization that is consistent with the interpretation that the Thane Property may host multiple alkali c porphyry
deposits. IMC plans to follow up these results with geological mapping, rock an d soil sampling and IP su rveying at both
the Cirque and Gail-Aten Areas in 2021 leading to potential drilling later in the year.
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 ref erence. Analysis consisted of multi -element ICP -MS and gold by fire assay with assays
performed on over limits.
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.