Bestellen Sie den kostenlosen Newsletter von 4investors:

DJ DGAP-Adhoc: International Minerals Reports Drill Results from Converse Project, Nevada, including Gold Intercepts of 197m at 0.8 g/t and 64m at 1.1 g/t

International Minerals Corp. / Key word(s: Research Update

30.05.2012 00:03

Release of an ad hoc announcement pursuant to Art. 53 KR
=————————————————————————–

NEWS RELEASE

International Minerals Reports Drill Results from Converse Project, Nevada,
including Gold Intercepts of 197m at 0.8 g/t and 64m at 1. 1 g/t

Scottsdale, Arizona, May 29, 2012 – International Minerals Corporation
(Toronto and Swiss stock exchanges: ‘IMZ’ reports additional positive
drill results from its 100%-owned Converse gold deposit (‘Converse’ in
northern Nevada.

Assay result highlights from 15 drill-holes forming part of IMZ’s current
core drilling program include intercepts of 197 meters (‘m’ at 0.8 grams
per tonne (‘g/t’ gold and 64m at 1.1 g/t gold in drill-holes CONV-013C and
CONV-008C respectively.

These drill results continue to confirm that the Converse mineralization is
still open at depth below the conceptual pit boundaries defined by IMZ’s
Preliminary Economic Assessment (or ‘Scoping Study’. See news release
dated December 19, 2011.

Commenting on the drill results, Stephen Kay, President/CEO of IMZ said,
‘Converse is a major gold deposit, in a mining-friendly jurisdiction and in
a great location in terms of infrastructure. Management is confident that
the deposit will continue to grow in size and we are committed to
completing a feasibility study by the end of next year to determine the
future development of Converse’.

Current Drilling Program

A total of 333 drill-holes (76,469m have now been completed at Converse
(312 by previous property owners. As part of IMZ’s plans to start a
feasibility study this year, the current drilling program has been extended
in order to acquire additional metallurgical and geotechnical data as well
as to complete condemnation/sterilization drilling under the conceptual
facility locations based on the Scoping Study.

Significant assay results for the fifteen drill-holes (totaling¬ 5,405m in
the current program are shown in the Table below and drill-hole locations
are shown on the plan map in Appendix 1.

Converse Gold Project – Significant Drill Intervals (uncut average grades

Drill Hole
Number.
Azimuth/Dip Depth (m From (m To (m Intercept (m1 Gold (g/t
CONV-007C
180/-60 0-549 Core 245 259 14 1.55
318 463 145 0.62
494 518 24 1.05
CONV-008C
vertical 0-365 Core 24 88 64 1.14
107 122 15 0.98
CONV-009C2
vertical 0-122 RC
122-457 Core 75 126 52 0.89
146 165 18 1.12
CONV-010C2
vertical 0-122 RC
122-305 Core 26 81 55 0.70
155 177 21 0.96
221 238 17 0.59
259 271 12 0.80
CONV-011C2
090/-70 0-122 RC
122-305 Core 82 113 31 0.82
265 299 34 1.21
CONV-012C2
090/-70 0-122 RC
122-457 Core
174 186 12 0.75
216 296 80 0.85
421 451 30 0.60
CONV-013C2
090/-60 0-122 RC
546 Core 149 250 101 0. 78
312 509 197 0.85
CONV-014C2
090/-70 0-122 RC
122-549 Core 62 75 12 0.80
101 174 73 0.70
189 232 43 0.72
360 369 9 1.77
CONV-015C2
090/-70 0-134 RC
134-366 Core 230 238 8 0.71
CONV-016C2
000/-70 0-171 RC
171-393 Core No significant values
CONV-0213
vertical 0-293 RC Condemnation/sterilization drilling only
CONV-0223
vertical 0-218 RC
CONV-0233
vertical 0-189 RC
CONV-0243
vertical 0-183 RC
CONV-0253
vertical 0-232 RC

Notes:
1. Due to the complex and irregular shape of the mineralized zones at
Converse, true widths of the mineralized intercepts cannot be determined at
this time.
2. Reverse circulation (‘RC’ drilling pre-collars have been used for
certain core holes as a cost-saving measure where feasible.
3. Drill holes CONV-021 through CONV-025 were planned as condemnation drill
holes for the proposed facility sites.
4. Drill holes CONVC-017 through CONVC-020 are not reported as they do not
yet have complete results available.

Metallurgy

An additional 18 composite drill-hole intercept core samples have been
submitted to McClelland Laboratories, Inc. in Reno Nevada for column leach
testing to further evaluate the variation in metallurgical recoveries
throughout the Converse deposit and to assist in the definition of the
operational parameters for a potential heap leach operation at Converse.

Final results from this metallurgical testwork program are expected to be
available in October. It is anticipated that one more round of column-leach
testwork will be required before the feasibility study can be completed in
late 2013.

General

The December 2011 Scoping Study envisages a conceptual mine production of
217 million tonnes at an average grade of 0. 52 g/t gold and 3.9 g/t silver
containing 3.60 million ounces (‘ozs’ gold and 27.6 million ozs silver.
Conceptual process throughput is 45,000 tonnes per day (16.5 million tonnes
per year from an open-pit mine with a recovery process using cyanide heap
leaching followed by carbon adsorption/stripping and electrowinning to
produce gold/silver doré bars. Gold recovery is estimated at 60% and silver
recovery at 31%.

Sample preparation and analytical work for the Converse drilling program
were carried out by ALS Minerals in Reno, Nevada, an ISO 9001:2008
certified laboratory which employs industry-standard analytical methods.
As part of IMZ’s QA/QC protocol, standard samples and blanks were inserted
into the sample processing stream at a rate of one per 10 samples.
Duplicate and alternate laboratory check samples also form part of this
sampling protocol.

The technical disclosure including drill results in this news release has
been reviewed by IMZ’s Qualified Person, Exploration Manager, Mark Cannuli.

=————————————————————————–

Information and Explaination of the Issuer to this News:

About International Minerals

International Minerals is a silver-gold producer, explorer and developer
with silver-gold production from its 40%-owned Pallancata Mine in Peru,
which is operated by Hochschild and in 2011 was the sixth largest primary
silver mine in the world. Production at Pallancata in calendar year 2012 is
estimated by IMZ to be 8 million ounces of silver and 34,000 ounces of gold
(on a 100% project basis.

IMZ also owns a 40% interest in the development-stage Inmaculada
gold-silver project in Peru, which is scheduled to be in production by
December 2013 and produce approximately 124,000 ounces of gold and 4.2
million ounces of silver annually on a 100% project basis.

In addition to Inmaculada and Pallancata, IMZ also holds 100% ownership
interests in advanced stage gold projects in Nevada (Goldfield and
Converse and variable ownership interests in gold projects in Ecuador (Rio
Blanco 100% and Gaby 60%.

IMZ is listed on the Toronto Stock Exchange (since 1994 and the Swiss
Stock Exchange (since 2002.

For additional information, contact:

In Norht America:
Paul Durham, Vice President Corporate Relations
Tel: +1 203 940 2538

In Europe:
Oliver Holzer, Marketing Consultant
Tel: +41 44 853 00 47

Or email us at: IR@intlminerals.com
Internet Site: http://www.intlminerals.com

To acess this news release from IMZ’s website, please click this link:
http://www.intlminerals.com/newsreleases.php.

Cautionary Statement:

Some of the statements contained in this release are ‘forward-looking
statements’ within the meaning of Canadian securities law requirements.
Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
performance or achievements to differ materially from the anticipated
results, performance or achievements expressed or implied by such
forward-looking statements. Forward-looking statements in this release
include statements regarding mineral resource estimates, preliminary
economic assessment studies and planned feasibility studies and planned
production rates. Factors that could cause actual results to differ
materially from anticipated results include risks and uncertainties such
as: risks of estimating mineral resources, risks of timely completion of
feasibility and other technical studies, mining risks and other risks and
uncertainties detailed in the Company’s Renewal Annual Information Form for
the year ended June 30, 2011, which is available at www.sedar.com under the
Company’s name. The Company disclaims any intention or obligation to update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.

30. 05.2012 News transmitted by EquityStory AG.
The issuer is responsible for the contents of the release.

EquityStory publishes regulatory releases, media releases on the capital
market and press releases.
The EquityStory Group distributes authentic and real-time financial news
for over 1’300 listed companies.
The Swiss news archive can be found at www.equitystory.ch/news

=————————————————————————–

Language: English
Company: International Minerals Corp.
7950 East Acoma Street
AZ 85260 Scottdale
United States
Phone: 001 480 483 9932
Fax: 001 480 483 9926
E-mail: IR@intlminerals.com
Internet: www.intlminerals.

Читать полностью или написать коммент.. Про установку спутниковых тарелок в Московской областиhttp://tarelka-tv.ru/