International Millennium Terminates Its Hope Lake Property Option Agreement
February 15 2013 - 7:01AM
Marketwired Canada
International Millennium Mining Corp. (TSX VENTURE:IMI) (the "Company" or
"IMMC") announces that following an evaluation of its Hope Lake, Ontario
property, the Company has terminated its Hope Lake Property Option Agreement and
returned the property to the underlying owner. Given the current economic
environment and weaker financial markets, eliminating approximately $45,000 in
provincially mandated property work requirements, under the constraints of
Ontario's modernized Mining Act, provided incentive for ending the agreement.
The Company is focusing its resources and energy on its Nivloc, Nevada
silver-gold mine project, where it is planning a drill program designed to
reduce drill hole spacing and confirm continuity of the mineralization in an
area in which a National Instrument 43-101 ("NI 43-101") compliant Inferred
Mineral Resource was estimated and in which favourable drill results from three
in-fill holes were reported in December 2012 and January 2013 (See the Company's
website www.immc.ca).
International Millennium Mining Corp. (TSX VENTURE:IMI) is a mineral exploration
and development company engaged in acquiring known smaller mine deposits, such
as its Nivloc, Nevada silver-gold mine project, in the Americas, with the goal
of advancing the properties to the mining stage. Emerging targets include
silver, gold, copper, zinc and lead. The Company's common shares trade on the
TSX Venture Exchange under the symbol: IMI and on the Frankfurt Exchange under
the symbol: L9J.
Effective September 2012, the Company relocated its office to 20 Sixth Street,
New Westminster, B.C. V3L 2Y8.
ON BEHALF OF THE BOARD
John A. Versfelt, President & CEO
Further information about the Company can be found on the IMMC website
(www.immc.ca), on SEDAR (www.sedar.com).
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Ms. Sheri Barton
403-217-5830
sheribarton@telus.net
International Millennium Mining Corp.
Mr. John Versfelt
President & CEO
604-527-8135
604-527-9126 (FAX)
info@immc.ca
www.immc.ca
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