International Millennium Terminates Its Hope Lake Property Option Agreement
(firmenpresse) - NEW WESTMINSTER, BRITISH COLUMBIA -- (Marketwire) -- 02/15/13 -- 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 ).
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 (), on SEDAR ().
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Ms. Sheri Barton
403-217-5830
International Millennium Mining Corp.
Mr. John Versfelt
President & CEO
604-527-8135
604-527-9126 (FAX)
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Datum: 15.02.2013 - 14:01 Uhr
Sprache: Deutsch
News-ID 230057
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contact information:
Town:
NEW WESTMINSTER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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"International Millennium Terminates Its Hope Lake Property Option Agreement"
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