VANCOUVER, BC / ACCESSWIRE / May 26, 2020 / IMC International Mining Corp. (CSE:IMCX) (OTC PINK:IMIMF )(FRA:3MX) (the “Company” or “IMC“), is pleased to announce results from it’s on-going compilation of work from its recently acquired Thane Property (the “Property“) located in north-central British Columbia. IMC began an extensive compilation and synthesis of available data from the Property, which includes 359 rock samples collected by CME Consultants Inc. (“CME“), 1,098 rock samples collected by Thane Minerals Inc. (“TMI“), and soil sampling and Induced Polarization (“IP“) surveys completed by TMI.
Work on the Property has identified six areas of significant gold ± copper ± silver mineralization. The results from IMC’s compilation work presented in this news release are for the Gail and Cirque Areas. The Company in a May 19, 2020 press release presented the Cathedral Area results. As compilation continues, the Company will disclose results from the CJL, Lake, and Mat Areas of the Property.
Gail Area
The Phelps Dodge Corporation (“PDC”) sampled the Gail Area in 2000 prior to involvement of CME and TMI. Grab samples from within the Gail Area by PDG identified numerous anomalous copper and gold values, including grab samples of up to 4.49% Cu and 6.48 g/t Au.
The Gail Area was visited in 2012 by TMI for a 10-day prospecting program in which 295 rock samples were collected. Prospecting by TMI at Gail was limited to the central region, and did not evaluate zones previously sampled by PDG. To the west of TMI’s work PDG grab samples returned significant assay results, including a grab sample of 4.49% Cu, 0.12 g/t Au, and to the north-west, 6.86% Cu, 1.05 g/t Au.
Of the 295 rock samples collected by TMI in 2012, 140 returned assays greater than 0.1% Cu while a total of 32 samples returned greater than 1.0% Cu, to a maximum value of 7.69% Cu. A total of 34 samples returned assays greater than 0.1 g/t Au, with 8 samples greater than 1.0 g/t Au. Anomalous gold and silver values are invariably associated with anomalous copper values but the converse does not appear true for this Area. Selected rock sample results from TMI’s work at the Gail Area showing are presented in Table 1. Figures illustrating sample locations for the Gail Area will be made available on the Company’s website.
Table 1: Selected rock sample results, Gail Area
| Sample | Sample Type | Cu (%) | Au (g/t) | Ag (g/t) |
| 1438 | Float | 2.05 | 0.04 | 15.0 |
| 1440 | Float | 1.91 | 0.25 | 15.4 |
| 1443 | Float | 4.78 | 2.01 | 28.0 |
| 1444 | Float | 1.43 | 0.01 | 1.1 |
| 1448 | Outcrop | 1.71 | 0.04 | 17.5 |
| 1450 | Outcrop | 2.01 | 0.09 | 18.5 |
| 1455 | Float | 2.19 | 0.71 | 20.7 |
| 1456 | Outcrop | 1.42 | 0.40 | 8.5 |
| 1474 | Outcrop | 4.19 | 1.46 | 13.3 |
| 1485 | Sub-Outcrop | 1.19 | 0.18 | 10.9 |
| 1487 | Outcrop | 1.19 | 0.02 | 9.1 |
| 1512 | Float | 1.53 | 0.22 | 7.0 |
| 1517 | Float | 2.10 | 0.57 | 8.4 |
| 1529 | Float | 1.61 | 1.72 | 10.1 |
| 1531 | Sub-Outcrop | 7.69 | 1.26 | 65.2 |
| 1537 | Float | 1.09 | 0.13 | 12.6 |
| 1538 | Sub-Outcrop | 4.05 | 0.09 | 22.6 |
| 1556 | Outcrop | 1.53 | 0.07 | 14.6 |
| 1578 | Float | 1.69 | 0.14 | 34.0 |
| 1639 | Outcrop | 1.39 | 0.11 | 7.9 |
| 1651 | Outcrop | 2.46 | 0.66 | 11.8 |
| 1667 | Float | 1.84 | 0.03 | 15.5 |
| 1668 | Outcrop | 6.88 | 3.68 | 27.9 |
| 1679 | Float | 1.05 | 0.10 | 7.5 |
| 1680 | Float | 1.45 | 0.34 | 8.1 |
| 1682 | Float | 5.62 | 2.16 | 40.3 |
| 1688 | Float | 2.11 | 0.00 | 1.7 |
| 1698 | Float | 1.40 | 0.00 | 2.6 |
| 1699 | Float | 2.29 | 0.01 | 6.1 |
| 1707 | Float | 1.21 | 0.08 | 12.9 |
| 1725 | Outcrop | 1.60 | 0.01 | 4.1 |
| 1740 | Float | 1.13 | 0.01 | 90.6 |
A geological model for the Gail Area has not yet been established. The Gail Area lies wholly within the rocks of the Hogem Plutonic Suite. The lithologies are dominated by granodiorite and quartz monzonite. Quartz diorite, diorite, monzonite and feldspar breccia are also present along with minor occurrences of volcanic and rhyolite/dacite dykes. Mineralization primarily occurs as disseminations of chalcopyrite.
Cirque Area
At the Cirque Area, a visit by CME in 2010 found anomalous malachite and azurite staining on the eastern facing cirque. Other than a single day visit to the eastern part of this area, there has been no follow-up since the initial discovery. The lithology of the area consists of coarse-grained, leucocratic, equigranular diorite consisting of 60% plagioclase feldspar (2 to 4 millimeters), 30% hornblende and 10% magnetite. Enclaves of up to 90% magnetite, approximately 10 centimeters in diameter, with 10% epidote are found within nearby angular boulders.
The main Cirque showing is located 2.5 kilometers west of the Gail showing. The azurite and malachite form a 1-millimeter layer that covers the face of the cliff and was formed from leaching of chalcopyrite rich rocks higher in the cliff. A similar, approximately 15 meters wide, secondary copper oxide alteration zone occurs 50 meters south of the main showing. No samples have been collected from this southern showing. The mineralization found within this area is structurally controlled, with a series of narrow sub-parallel sulphide veins.
A one-day traverse was undertaken at the Cirque Area in 2012 by TMI. The 2012 sampling was limited to the eastern region of the Cirque Area in the vicinity of the historical 2.85% Cu sample taken by CME in 2010. Of the 8 samples collected, two returned greater than 1% Cu. The host rock is principally medium to fine-grained granodiorite. Mineralization differs from the main showing of the Cirque, as chalcopyrite was found to occur as disseminations throughout the fine-grained granodiorite. Figures illustrating sample locations for the Cirque Area will be made available on the Company’s website.