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IMC International Mining Corp. confirms copper and gold showings and plans aggressive drilling program

VANCOUVER, BC / ACCESSWIRE / Jan. 19, 2021 / IMC International Mining Corp.(CSE: IMCX) (OTC ROSE: IMIMF) (FRA: 3MX) (the “Company” or “BMI“), is pleased to announce the first results of the 2020 exploration program undertaken on the Thane property wholly owned by the Company (the”Property“) located in north-central British Columbia, Canada. The property comprises 206.58 square kilometers of contiguous claims that were privately owned until their acquisition by IMC in March 2020. The property is located in the Quesnel Terrane, a north-south linear volcano sedimentary belt of intrusive rocks by multiphase intrusive rocks, which hosts multiple porphyry-style deposits, porphyry copper-gold mine.

During the summer of 2020, field exploration work completed an 8-week field program that included induced polarization (“IP“) surveying, petrographic studies, geological mapping, rock, soil and silt sampling in order to identify potential drilling targets for the 2021 exploration season. The results reported in this press release come from the region of the cathedral, which comprises approximately 11 square kilometers of the 206.58 km² property.

Work in the cathedral area included approximately 3.1 square kilometers of geological mapping, collection of 100 rock samples in support of the geological mapping program, 11 linear kilometers of IP surveying, collection of 507 rock samples soil along all IP lines and 6 samples submitted for petrographic study.

The showings in the main zone of the Cathedral sector returned 13.90% Cu and 6.85 g / t Au for the Cathedral showing, 4.72% Cu and 1.33 g / t Au for the Cathedral South showing, 11.10% Cu and 2.77 g / t Au from the Arc showing and 3.13% Cu and 0.32 g / t Au from the Gully showing.

The rock sampling undertaken during the 2020 work program was designed to support geological mapping, but significant results were returned. Selected results from grab samples that returned more than 0.3% Cu include:

To taste #

% cu

At g / t

Ag g / t

Typical sample

2258

5.930

2,490

11.90

Grab-flush

2267

0.422

0.026

0.47

Grapple-float

2275

0.462

0.015

1.66

Grab-flush

2276

4,510

0.115

13.60

Grapple-float

2288

0.334

0.188

1.75

Grapple-float

2291

0.429

0.294

3.73

Grab-flush

2298

2,320

0.722

24.10

Grapple-float

2305

0.377

0.876

1.91

Grab-flush

2351

0.597

0.010

1.37

Grab-flush

2417

0.500

0.014

7.17

Grab-flush

3119

3.020

5.090

6.55

Grab-flush

3145

0.997

0.018

7.68

Grapple-float

3148

0.647

0.054

23.80

Grab-flush

Selected results from chip samples that returned more than 0.3% Cu and / or more than 0.2 g / t Au include:

To taste #

Width (m)

Cu%

At g / t

Ag g / t

2255

0.43

3,600

0.555

7.10

2264

1.50

0.093

0.223

0.73

2269

1.25

0.107

0.588

1.51

2280

1.30

0.313

0.070

1.50

2282

0.80

0.692

0.181

3.54

2286

0.60

0.067

0.269

1.11

2306

1.50

0.052

3.930

3.83

Styles of mineralization in the cathedral area include stockwork and porphyry disseminated and hosted in veins. Copper occurs as chalcopyrite and rare bornite. Late-stage quartz veins containing high-grade gold values ​​define the Pinncale showing, located approximately 740 meters north of the main area of ​​the cathedral area. These veins returned up to 20.10 g / t Au and 3.29% Cu.

Highly chargeable bodies of disseminated and fracture-controlled copper-gold mineralization appear nearby and associated with an interpreted north-south trending syenite with a moderate south-east dip. An inclined or offset and possibly hidden extension of an alkaline copper-gold porphyry system dominated by intrusive phases of potassium, propylitic and sodium diorite, quartz monzonite / quartz monzodiorite is interpreted for the cathedral area.

Approximately 300 meters east of the syenite, in a cover zone, a PP anomaly approximately 500 meters wide by 1000 meters long has the potential for an associated blind porphyry system. This zone contains a significant increase in chargeability and resistivity similar to the increased characteristics of the main showings of the Cathedral Zone, which contained significant copper and gold mineralization. The chargeability extends to a minimum of 200 meters depth and in areas where the increased chargeability extends close to the surface, a copper anomaly in the soil is observed.

The 2020 program made it possible to understand the controls of copper-gold mineralization and to identify the zones to be tested by diamond drilling. The determination of controls on mineralization was facilitated by the development of a geological model for the zones ready for drilling, which was interpreted to be an inclined alkaline porphyry. The figures illustrating the 2020 results are presented below.

IMC is planning an aggressive drilling program for 2021. A total of 6,150 meters of drilling has been identified to initially test the highly promising targets identified during the 2020 work program. These targets have been identified from geochemistry, contingent geology and geophysics based on the following coincident criteria:

  • Random sampling of surface outcrops and undergrowth from 2013 to 2020 of the cathedral area which returned an average of 0.37% Cu, 0.23 g / t Au, 1.26 g / t Ag in 442 samples;

  • Time domain, pole-dipole IP resistivities of 1000 background noises up to 2500 ohm-m and

load capacities of 5.14 background up to 24.45 mV / V;

  • Soil sampling having defined copper-gold-arsenic anomalies coinciding with PP anomalies;

  • Previously unmapped geology characterized by the Duckling Creek syenite complex, home to the Lorraine deposit located 18 kilometers south of the cathedral area; and

  • Alteration and mineralization related to alkaline porphyry over an area of ​​4 square kilometers.

T. Greg Hawkins, P.Geo, Chairman of the Board of Directors of IMC, said: “Based on exploration in the Cathedral area to date, the area demonstrates very high potential for the porphyry (alkaline) style copper-gold mineralization, and we look forward to an extensive drilling program during the next exploration season on the Cathedral prospects as well as other zones within the company’s 206 square kilometer property. “

All samples were transported by the head of the exploration team. Rock samples were cut with a rock saw and one half was delivered to ALS Minerals (ALS) of North Vancouver, BC for sample preparation and analysis, while the other half of the sample was delivered to ALS Minerals (ALS) of North Vancouver, BC for sample preparation and analysis. been kept for reference. The assay consisted of multi-element ICP-MS and gold by fire assay with assays performed on upper limits.

Further examination of data and sampling collected in other areas close to the cathedral area will be reported in the near future.

The scientific and technical information disclosed in this press release has been reviewed, verified and approved by Christopher O. Naas, P. Geo., COO of IMC who is a “qualified person” within the meaning of NI 43-101.

ON BEHALF OF IMC INTERNATIONAL MINING CORP.

David McMillan
Chief Executive Officer and Interim Director
Phone: + 1-604-588-2110

Investor Relations:

E-mail:[email protected]
Phone: + 1-604-588-2110
Website: https://imcxmining.com

ABOUT IMC INTERNATIONAL MINING CORP.

IMC is a junior exploration and development company focused on creating shareholder value through the advancement of its current assets, including the Thane property in north-central British Columbia and the Bullard Pass property in Arizona. Using its highly experienced management team, IMC continues to research and value assets in order to generate more shareholder value.

The Thane property covers approximately 206.58 km2 (50,904 acres) and is located in the Quesnel Terrane in north-central British Columbia. The northern part of the Quesnel Terrane extends from the south of Mt. Milligan mine north to the Kemess mine, with the Thane property located midway between these two copper-gold porphyry deposits.

Details of some of the major deposits in the northern part of the Quesnel Terrane include:

Deposit

Tons (Mt)

Cu (%)

Au (g / t)

Ag (g / t)

Mo (ppm)

Kemess East1

Indicated

177.5

0.36

0.40

1.97

Inferred

29.3

0.31

0.3

2.00

Kemess U / G1

Indicated

173.7

0.18

0.30

1.55

Inferred

47.7

0.20

0.30

1.65

Kwanika (swan)2

Central area indicated

182.6

0.29

0.28

Central zone deducted

28.5

0.18

0.20

South Inferred Zone

129.1

0.30

0.09

1.76

100

Lorraine3

Measured + Indicated

6.4

0.61

0.23

Inferred

28.82

0.45

0.19

Mount. Milligan4

Proven

114.75

0.23

0.41

1 – www.centerragold.com/operations/kemess/reserves-and-resources

2 – www.serengetiresources.com /s/Kwanika.asp

3 – (Giroux and Lindinger, 2012)

4 – www.centerragold.com/operations/mount-milligan/production-and-reserves

The Cathedral property includes several highly promising mineralized zones identified to date, including the “Cathedral Zone” on which the Company’s exploration is currently focused.

The Bullard Pass property comprises 171 unpatented federal lode claims totaling 3,420 acres and is located in west-central Arizona, northwest of Phoenix, in 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.

The Canadian Securities Exchange has not reviewed, approved or disapproved of the contents of this press release.

SOURCE: IMC International Mining Corp.

See the source version on accesswire.com:
https://www.accesswire.com/624819/IMC-International-Mining-Corp-Confirms-Copper-Gold-Showings-and-Plans-Aggressive-Drilling-Program

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