International Millennium Mining Corp. has reported assay results from four additional diamond drill holes at its Nivloc Silver and Gold Project located in southwestern Nevada.
The drilling reported to date has been from three drill stations (pads) targeting a 1,200 foot long by 600 foot vertical un-mined zone within the Nivloc Mine. This target zone lies between two partially mined areas exploited by Desert Silver between 1937 and 1942.
The new results include holes 11NL-19 through 11NL-22, drilled from Pad 2 near the center of the zone, which tested previously undrilled portions of the deposit. Six additional holes, 11NL-23 to 11NL-25 from Pad 2, 11NL-26 from Pad 1 and 11NL-27 to 11NL-28 from Pad 4 (a new drill station located on the western part of the Nivloc Deposit) have been completed. Drill hole 11NL-29 is in progress and two additional holes are planned for the target area during October. The IMMC drilling program at Nivloc continues to expand the mineralized zone, which remains open at depth and along strike in both northeast and southwest directions.
Drill holes 11NL-19 to 11NL-22 intersected high grade lenses, enclosed by wide zones of lower grade material. Highlights include:
Drill Highlight from hole 11NL-19:
16.8 feet @ 113.0 gm/t Ag and 1.32 gm/t Au - Main Nivloc vein
Drill Highlight from hole 11NL-20:
9.8 feet @ 173.0 gm/t Ag and 1.78 gm/t Au - Main Nivloc vein
Drill Highlights from hole 11NL-21:
200.8 feet @ 120 gm/t Ag and 1.01 gm/t Au – Main Nivloc vein, including:
9.0 feet @ 418.0 gm/t Ag and 0.72 gm/t Au - Main Nivloc vein, and
4.0 feet @ 731.0 gm/t Ag and 8.61 gm/t Au - Main Nivloc vein
Drill Highlight from hole 11NL-22:
8.2 feet @ 323.0 gm/t Ag and 3.98 gm/t Au - Main Nivloc vein
Drill hole 11NL-19 intersected the Nivloc vein system above the 440 ft level, in the eastern portion of the target area above the main haulage drift in the old workings. Drill hole 11NL-20 was a fill-in hole near the center of the target area and intersected the Main Nivloc vein system between the 600 and 700 ft levels. Hole 11NL-21 intersected the Main Nivloc vein between the 600 and 700 ft levels approximately 100 feet west of Hole 11NL-5 (previously reported) and was the widest intersection of well mineralized vein structure and best drill hole to date. Drill hole 11NL-22 intersected the Main Nivloc vein system between the 600 and 700 ft levels and beneath the old workings in the eastern part of the target area. The level numbers referred to above, along with distances from other hole intercepts, are deemed to be approximate.
As indicated above, the current drilling program is focused on a target area that lies between previously mined zones within the northeast-southwest trending Nivloc vein structure. The exploration target lies between the surface and the existing 800 ft level drift in the old mine workings. The 800 ft mine level is approximately 900 feet vertically below surface and the vein and workings dip from -45 to -65 degrees towards the northwest. Previous mining at Nivloc focused on high-grade lenses of ore that were encountered while drifting along the vein structure. The current IMMC drilling program indicates that the Nivloc structure ranges from 50 to more than 150 feet wide and contains several parallel vein zones. It appears from available data that only one of these parallel vein zones was exploited by prior mining activity. In addition to the potential for high-grade lenses similar to those that were mined historically, the material between the lenses is consistently mineralized and the entire structure may have potential as a low grade, bulk mineable deposit.
It is stressed that no tonnage nor grade estimates have been calculated to date. The current drilling program is designed to generate enough reliable information to outline viable mineralized zones that can be converted to resources in compliance with NI 43-101 standards.
John A. Versfelt, President & CEO of the Company comments, "The Nivloc project continues to be impressive, with its growing continuity, multiple veins and grades of silver and gold. Management is very happy with the drilling progress at the Nivloc project. We have increased the property size by staking and adding 73 new claims, for a total of 121 claims covering approximately 2,280 acres. In addition, the Company has discovered a decline on the Nivloc Mine property that is clean and structurally sound, measuring nine feet by nine feet and approximately 2,000 feet in length, ending within 170 feet of the historic Nivloc workings and approximately 80 feet above the 600 ft level. Together with the water rights, the county road through the property and power poles and lines already in place, this decline adds considerably to the Company's assets and future cost savings, and will be a significant factor when it is time to make decisions about the viability of bringing the Nivloc Mine back into production."
Source: www.immc.ca