Vancouver, BC – IMC International Mining Corp. (CSE:IMCX) (OTC:IMIMF) (FRA:3MX) (the “Company” or “IMC”)
is pleased to announce that it has begun mobilizing crews to begin fieldwork on its Thane Property (the “Property”) located in north-central British Columbia, Canada. Work on the Property has identified six areas of significant gold ± copper ± silver mineralization. Field work in 2020 will focus predominantly in the Cathedral Area and will consist of ground geophysics, alteration mapping, along with rock, soil, and silt sampling, all with the purpose of delineating the best targets for drill testing.
- The Thane Property to date has had six areas of significant gold ± copper ± silver mineralization identified – The Cathedral, Gail, Cirque, CJL, Lake, and Mat Areas of the Property.
- Field work this summer will encompass all Areas to some degree but will focus exploration efforts at the Cathedral Area.
- Phase 1 work at the Cathedral Area in 2020 will consist of a detailed ground geophysical survey centered over last year’s geophysical discovery, alteration mapping, rock, soil, silt sampling, and pad building.
- Phase 2 work at the Cathedral Area in 2020 is expected to consist of diamond drilling to be conducted in the fall, based on the results of the above detailed exploration work.
2020 Phase 1 Thane Exploration Program
The Thane Property totals 206km2 (50,904 acres) in area and is located in north-central British Columbia. Summer and fall are generally the most attractive seasons of the year to conduct field work in this region. Rugged Edge Holdings Ltd. have been contracted to provide a full-service camp facility to support IMC’s 2020 work program. Field crews have been mobilized to the Property area earlier this week and are close to completing the construction of a base camp. The camp facility is constructed and managed to meet all Covid-19 procedures and protocols, reflecting guidance from the government and provincial health authorities, to provide worker safety on and off site.
Induced polarization and resistivity (“IP/resistivity”) is a tool commonly used in mineral exploration to detect electrical chargeability and conductivity in the sub-surface. In 2019, a reconnaissance 5-line, pole-dipole, IP geophysical survey was undertaken within the Cathedral Area using an electrode spacing of 100 meters. This survey identified three areas of interest that include a broad 600-meter wide anomaly extending to depth east of the Cathedral Showing. Although no rock outcrop/samples occur around the broad, 600-meter IP anomaly, a contour soil line covering this area returned copper-in-soil anomalies at both the eastern and western edges of this anomaly. Results from this program are detailed further in the Company’s press releases from May 6 & 19, 2020.
Peter E. Walcott & Associates Limited, under the direction of CME Consultants Inc., the operator of the 2020 work program, has been contracted to complete a detailed induced polarization geophysical survey that will expand upon and generate greater detail over last year’s broad 600-meter wide anomaly, discovered at the Cathedral Area.
Concurrent with the geophysics, soil sampling will be conducted over the same geophysical grid. As with the 2019 results, it is hoped that anomalous levels of copper and/or gold in the soil will be detected and those anomalies will coincide with areas of conductivity or resistivity, suggesting the presence of mineralization. Alteration mapping of the Cathedral Area will also be completed to maximize the potential for successful drill hole targeting.
“We are very excited to begin our 2020 exploration program in the Cathedral Area and we are diligently working towards exploring and developing the entire Thane Property,” stated Brian Thurston, Chief Executive Officer. “This region is a very active gold and copper exploration area of British Columbia, similar to BC’s renowned ‘Golden Triangle’. The Quesnel Terrane along the northeast contact of the Hogem Batholith is an alkalic suite of rocks hosting several porphyry copper-gold deposits.The Thane Property is well situated in this district, approximately 116 km southeast of the Kemess Mine, and 155 km northwest of the Mount Milligan Mine.”
Qualified PersonThe scientific and technical information disclosed in this news release was reviewed, verified and approved by Brian G. Thurston, P. Geo., of IMC who is a “Qualified Person” as defined in NI 43-101. Mr. Thurston is a Director, Officer and shareholder of the Company
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Executive Officer and President
ABOUT INTERNATIONAL MINING CORP.
IMC is a junior exploration and development company focused on creating shareholder value through the advancements of its current assets that include the Thane Property in north-central British Columbia, and the Bullard Pass Property in Arizona. Utilizing its heavily experienced management team, IMC continues to source and evaluate assets to further generate shareholder value.
The Thane property covers approximately 206km2 (50,904 acres) and is located in the Quesnel Terrane of north-central British Columbia. The northern part of the Quesnel Terrane extends from south of the Mt. Milligan Mine northward to the Kemess Mine, with the Thane property located midway between these two copper-gold porphyry deposits. The Thane property includes several highly prospective mineralized areas identified to date, including the ‘Cathedral Area’ on which the Company’s exploration is currently focused.
The Bullard Pass Property is comprised of 171 unpatented federal lode claims totaling 3,420 acres and is located in west-central Arizona, northwest of Phoenix, within the Pierce Mining District of Yavapai County. The property has a regional setting typical of detachment fault gold deposits and has geological, mining and metallurgical similarities to the Mesquite Mine in California. The claims are 100% owned by IMC International Mining Corp.
Forward-Looking Information: This news release contains “forward-looking information” within the meaning of applicable securities laws relating to statements regarding the Company’s business and plans, including with respect to undertaking further acquisitions and carrying out exploration activities in respect of its mineral projects. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, risks related to the ability of the Company to obtain necessary approvals; speculative nature of the Company’s business; the Company’s formative stage of development; the Company’s financial position; conclusions of future economic evaluations; business integration risks; fluctuations in the securities market; that the Company’s plans and prospects will vary from those stated in this news release; that the Company does not complete any further acquisitions; that the Company does not carry out exploration activities in respect of its mineral projects as planned (or at all); and that the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct and makes no reference to profitability based on sales reported. The statements in this news release are made as of the date of this release.
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SOURCE: IMC International Mining Corp.