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International Millennium to Drill Cobalt Area Property
NORTH VANCOUVER, BRITISH COLUMBIA, Apr 8, 2008 (Marketwire via COMTEX News Network) --
International Millennium Mining Corp. ("IMMC" or the "Company") (TSX VENTURE:IMI) has signed a drilling contract with Cabo Drilling Corp. for an initial 2500 meters of diamond drilling near the Waldman mine on its Cobalt Area Property in Ontario. The purpose of the program is to test several strong targets identified by a MMI (mobile metal ion) sampling program completed over the Cobalt Area property in the past year (see the Company's news release of January 10th 2008). The program is scheduled to commence April 15, 2008.
David G. Mark, P.Geo, a qualified person under policy NI 43-101, reports that the locations of the drill holes for this initial program was determined by the MMI work done over three grids with most of the anomalous results occurring on Grid One in Gillies Limit North Township in close proximity to the Waldman Mine Shaft.
Two former small producers are located on the Company's property and a further twelve former mines contiguous to and within 3,000 meters to the east of the IMMC drill project produced in excess of 100 million ounces of silver, along with cobalt, copper, and nickel. SMC (Canada) Ltd. currently has a mill operating 500 meters east of the project.
Past production within these mines was mostly from arsenide silver/cobalt mineralization occurring in narrow, but very rich veins (in the thousands of ounces Ag per ton range). Consequently, MMI anomalies occurring in this area are strong drill targets. The anomalies range in strike length from 100 meters up to possibly 750 meters (production in the past was from veins with strike lengths varying from 30 to 100 meters.).
The drilling program will also pursue base metal sulphide type mineralization which is known to occur in the area.
The Cobalt Area property comprises some 620 claim units covering approximately 9,920 hectares located in Temiskaming District, Larder Lake Mining Division south of the town of Cobalt in northeastern Ontario. IMMC holds, either outright or under option, 100% interest in these claims, subject to royalty.
The rocks that underlie the Cobalt Area Project include Archean aged mafic to felsic metavolcanics and Algoman granitic rocks overlain by relatively flat lying Huronian Group metasediments. A Nipissing aged diabase dyke and sill complex intrudes all of these rock types. Lamprophyre dykes and mafic to ultramafic diatremes intrude the volcanic and granitic rocks.
International Millennium Mining Corp. is a mineral exploration and development company engaged in the acquisition and exploration of polymetalic mineral properties in Canada and the Americas. To date, the Company has acquired and is exploring mineral properties in British Columbia and Ontario, Canada; Nevada, USA; and Sonora State, Mexico. Emerging mineral targets include silver, gold, cobalt, molybdenum, zinc, lead, nickel, copper and platinum group metals.
ON BEHALF OF THE BOARD,
John A. Versfelt, President & CEO
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 therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
SOURCE: International Millennium Mining Corp.
International Millennium Mining Corp. Mr. John A. Versfelt President & CEO (604) 984-9907 (604) 983-8056 (FAX) International Millennium Mining Corp. Mr. D. Alex Caldwell Corporate Secretary (604) 984-9907 (604) 983-8056 (FAX) Email: info@immc.ca
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