Results from Silver Peak's Winter 2017 Exploration Programs Exceed Expectations
FOR RELEASE: March 5, 2018 Telephone: (604) 527-8135
CONTACT: John A. Versfelt, President & CEO E-mail: [email protected]
Results from Silver Peak's Winter 2017 Exploration Programs Exceed Expectations
March 5, 2018 – Vancouver, British Columbia – International Millennium Mining Corp. (“IMMC” or the “Company”)
(TSX-V: IMI) announces that as a result of its recent land acquisitions at Silver Peak, the Company embarked on a winter
exploration program, which demonstrated surface gold and silver mineralization was much more extensive than
previously anticipated. The Silver Peak property now consists of approximately 4,000 contiguous acres, which hosts
fourteen (14) well mineralized fault/vein structures. Two of these structures have so far produced 9.8 million ounces of
silver (Ag) and 52.9 thousand ounces of gold (Au).
The winter program focused on sampling ten (10) known fault/vein structures in the 16-to-1 Canyon (see Silver Peak
Property Map, on the Company’s website). Table 1 shows the veins that were examined during the work program along
with their orientation and known lengths; these lengths represent the exposed occurrence of vein material.
Table 1. Vein Descriptions
Historical production at the 16-to-1 Mine was from the 16-to-1 Vein and the Colorado Zone, a splay vein. According to
historical records, neither of these zones were completely exploited. Seven (7) samples were collected from muck-piles
and adits of the 16-to-1 Mine, with sample values ranging from 1.09 to 8.79 g/t Au and 62 to 667 g/t Ag, as shown in
Table 2. In this area, at surface, the structures consist of numerous narrow veins that individually are less than 1.5 m
wide, but they lie within a wider (10 to 20 m wide) deformed zone containing irregular veining. At a depth of 50 m, it
appears from historical work that this veining coalesces into much wider zones of well mineralized material.
Table 2. 16-to-1 Vein Sample Results
16-to-1 Vein Sampling Results
Sample No. Vein Description Au (g/t) Ag (g/t)
M685145 16-to-1 16-to-1 Shaft #1 Muck Pile; grab 1.09 62
M685146 16-to-1 16-to-1 Muck Pile east of 7200-level Adit; grab 2.92 505
M685151 16-to-1 16-to-1 Surface NE of Shaft #1; Chip over 1 m 1.79 195
M685169 16-to-1 UG in #2 adit 16-to-1; Chip over 1.5 m 2.50 91
M685170 16-to-1 16-to-1 Surface by #2 Adit; Chip over 1.5 m 4.16 272
V661502 16-to-1 16-to-1 muck pile grab; dark; 7200-level; grab 1.45 667
V661503 16-to-1 16-to-1 muck pile grab; light; 7200-level; grab 8.79 476
Vein Descriptions
Zone Name (Average) Length (m)
Strike (°) Dip (°) Vein Host-Fault
Red Mountain 042 Vertical Multiple veins 2,000
16 to 1 055 75° SE 670 1,400
Eagle 048 63° NW 900 1,200
Chico 065 75° SE 400 700
Burney 025 84° SE 400 800
Patience 055 72° SE 300 700
Kathy 038 Vertical 200 ?
Elaina 190 68° SE 200 ?
Merle 192 50° SE 200 ?
14 to 1 Unknown Unknown ? ?
International Millennium Mining Corp. Page 2
March 5, 2018
The Red Mountain Fault Zone is a major NE-SW trending fault zone, located 100 to 300 m north of the 16-to-1 Vein.
With a strike of 042° it is projected to merge with the 16-to-1 Vein west of the 16-to-1 Canyon. Due to the rugged terrain
only one sample from a narrow calcite-quartz vein was collected. This sample contained >25% Ca suggesting that it is
very high in the epithermal vein system and above the zone where precious metals would be anticipated. Further work is
required in this area either with surface drilling or underground development.
In the northwest portion of the property , northeast of the 16-to-1 structure, the 14-to-1 and Eagle Veins were sampled
where exposed in old pits, trenches and outcrops. Sample results in these areas did not contain significant mineralization,
with sample values ranging from no detectable precious metals to 0.25 g/t Au and 18 g/t Ag, the exception being one
significant sample from an outcrop in the eastern projection of the Eagle Vein system on the west side of the 14-1 Canyon.
This sample was from a 30 cm wide vein within a veined and deformed structure that was more than 20 m wide and
assayed 2.57 g/t Au and 53 g/t Ag despite being dominantly calcite (>25% Ca).
The 2017 Winter program demonstrated that there is significant potential on the west side of the 16-to-1 Canyon, an area
that has not been systematically explored to-date, and during the program three strongly mineralized areas were identified
in the lower 16-to-1 Canyon, see sample results in Table 3, below. The mineralized zones include the western end of the
Chico Vein, which is strongly mineralized at surface where the exposed veining is primarily calcite; the Burney Vein,
which is well developed and well mineralized on both sides of the 16-to-1 Canyon, but was never fully explored
underground; and the Patience, Kathy, Elaina and Merle Vein Cluster, which are all proximal and oriented in such a way
as to suggest that they may merge at a shallow depth, or are related to a common structural feature, such as an intrusive
body, at shallow depth. Most of the historical drilling in this region was carried out in the active mining areas in order to
locate additional ore reserves. Very little attention was given to other known mineralization in this portion of the Silver
Peak Property, partially because of ownership issues during the time when the mine was in operation by Sunshine Mines.
Table 3. Lower 16-to-1 Canyon Sample Results
Lower 16-to-1 Canyon Sampling Results
Sample No. Vein Description Au (g/t) Ag (g/t)
M685178 Chico Chico Vein; upper 0.64 37
M685179 Chico Chico Vein B 1.23 148
M685180 Chico Chico Vein A 1.50 56
M685181 Chico Chico Vein C 0.74 46
M685182 Chico Chico 1 wide 1.19 129
M685183 Chico Chico Vein above Polvorin 1.12 57
M685150 Burney Burney Vein; old, open cut, Chip over 3 m 0.21 33
M685184 Burney Burney Vein NE; 50 cm of 3m vein 0.12 13
M685185 Burney Burney Vein system, 20 cm vein 0.96 86
M685186 Burney Burney SE; 30 cm of a 2 m wide zone 0.31 27
M685187 Burney Grab of Burney Vein in 3m open cut 0.10 15
M685188 Burney Burney 40cm 060 Vein 1.05 70
M685190 Burney Burney South Adit; Middle, chip over 1m 1.38 49
M685191 Burney Burney South Adit; Left, chip over 1m 3.79 75
M685192 Burney Burney South Adit; Right, chip over 1m 0.17 16
M685189 Merle Merle North; 20+5 cm 2.29 18
M685193 Patience Patience 30 cm 0.33 49
M685194 Kathy Kathy Vein; 3m wide -65° at 030° 0.25 21
M685195 Patience Patience 0.51 64
M685198 Merle Merle Vein; 40 cm 0.31 25
M685199 Merle Merle Vein; 50 cm 0.41 25
M685200 Elaine Elaina Vein 0.30 <5
V661501 Elaina Elaina Vein; 20 cm 0.70 13
International Millennium Mining Corp. Page 3
March 5, 2018
The host vein material located within the Silver Peak Project area are classic epithermal veins. The veins display distinct
vertical zoning, consisting principally of quartz and adularia at the bottom, and calcite and gypsum nearer the surface. In
addition, the upper parts of the vein syst ems in this area have been weathered and leached near surface and oxidized to
depths of 200 to 300 meters. The higher grades of known Ag and Au mineralization appear to occur within the interval
from 50 meters below surface to the base of the oxidized zone, a distance of 150 to 250 metres. Below that point, grades
of Cu, Pb and Zn appear to increase and precious metals decrease, although there is very little drill data from below the
oxidized zone to assess the economic viability of these zones. As a general rule, the mineralized veins in the Silver Peak
Project area are narrow in surface exposur es, but increase dramatically in width a short distance down dip. Drilling is
required to further delineate the potential of this area.
Seymour Sears, P. Geo, the Company’s consulting geologist since 2004, completed the Silver Peak Winter geology field
work program in late December 2017. The Company is currently planning its 2018 drilling program, which is anticipated
to begin following receipt of a temporary water use permit from the Nevada Division of Water Resources.
International Millennium Mining Corp. (TSX-V: IMI) is focused on the acquisition, exploration and development of
precious metal deposits in the Americas, such as its Silver Peak silver-gold project in southwest Nevada. The Company’s
common shares trade on the TSX Venture Exchange under the symbol: IMI and on the Frankfurt Exchange under the
symbol: L9J.
Seymour Sears, P.Geo, a qualified person as defined by Na tion Instrument (“NI”) 43-101, reviewed and approved the
technical information contained in this news release.
ON BEHALF OF THE BOARD
”John A. Versfelt”
John A. Versfelt
President and CEO
Further information about the Company can be found on the Company’s website ( www.immc.ca) and SEDAR
(www.sedar.com) or by contacting Mr. John Versfelt, President & CEO of the Company at 604-527-8135.
* * * * * * *
Neither TSX Venture Exchange nor its Regula tion Services Provider (as that term is de fined in the policies of the TSX Venture E xchange) 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 ther efore, involve inherent risks and uncertainties . Actual results may differ
materially from those currently anticipated in such statements.