Vancouver, BC – IMC International Mining Corp. (CSE:IMCX) (OTC:IMIMF) (FRA:3MX) (the “Company” or “IMC”),”), is pleased to announce that it has signed a Letter of Intent (“LOI“) with Christopher O. Naas and T. Greg Hawkins, both Directors of the Company, (the “Property Holders“) to acquire a 100% of the Chuck Creek Property (the “Property”). The Property Holders hold a 100% interest in the Property, located in central British Columbia, approximately 30 kilometers east of Clearwater. The parties will now work toward a definitive agreement (“Definitive Agreement“), to be executed within 30 days of the LOI.
The Chuck Creek Property covers 33.57 sq. kilometers (8,293 acres) and is situated in central British Columbia. The property is located within the Eagle Bay Assemblage of rocks and is surrounded on all sides by Taseko Mines’s Yellowhead property, which hosts a copper-gold volcanogenic massive sulphide deposit. The large undeveloped Yellowhead deposit has proven and probable reserves of 817 million tonnes grading 0.29% copper equivalent. (https://www.tasekomines.com/properties/yellowhead).
The Chuck Creek Property was first staked by the Property Holders in 2002 and is one of the largest unexplained alluvial gold stream geochemical anomalies in the province. Historical silt samples concentrates have returned up to 58,600 ppb Au and soil samples panned to concentrates have returned up to 78,600 ppb Au.
On closing, IMC shall pay to the Property Holders, CDN$50,000 and grant a 1% Net Smelter Return (NSR).
Dave McMillan, CEO of IMC stated “We are very pleased to add the privately held Chuck Creek property to IMC’s British Columbia property portfolio during this time of increased interest in potential copper gold bearing properties in the province. With excellent road access, nearby infrastructure and. Taseko’s Yellowhead deposit right next door makes this acquisition fortuitous for IMC. The ability to work this property in all months of the year will complement our primary copper gold project at the Thane Property in north-central B.C.”
The scientific and technical information disclosed in this news release was reviewed, verified and approved by Christopher O. Naas, P. Geo., COO of IMC who is a “Qualified Person” as defined in NI 43-101.
ON BEHALF OF IMC INTERNATIONAL MINING CORP.
Interim Chief Executive Officer and Director
ABOUT IMC 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 highly experienced management team, IMC continues to source and evaluate assets to further generate shareholder value.
The Thane property covers approximately 206.58 km2 (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 Cathedral property includes several highly prospective mineralized areas identified to date, including the ‘Cathedral Area’ on which the Company’s exploration is currently focused.
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, products and future of the Company’s business. 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, the risks that the Company's products and plan will vary from those stated in this news release and 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. The statements in this news release are made as of the date of this release.
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