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International Millennium expands Nevada silver project tenures

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International Millennium expands Nevada silver project tenures

International Millennium Mining Corp. said. Dec. 4 that it expanded its landholding in Nevada by acquiring 25 claims adjacent to its Nivloc silver-gold property and acquired, via staking, an additional 14 claims to expand its Silver Peak silver-gold property.

The company's International Millennium Mining Inc. subsidiary signed an agreement with Silver Saddle Resources LLC to acquire the 25 claims by making cash payments of US$115,000 over four years and issuing 1 million shares. The claims are subject to net smelter royalties ranging from 1.25% up to 2.5%.

Meanwhile, the company named Sebastien Vermeire a director, replacing James Patterson, who resigned.