INTERNATIONAL MINERALS CORPORATION

New Website is Under Construction.  

(This website remains up-to-date until the completion of the new site.)

IMZ Properties

 

      A Toronto-listed  (symbol IMZ) mineral exploration company since 1994 and currently operating in South America, specifically Ecuador and Peru. In January 2002, the Company changed its name from Ecuadorian Minerals Corporation.

       IMZ is now listed on the Swiss Stock Exchange (symbol "IMZ") and the Frankfurt Exchange (symbol "MIW") in order to give greater access to European funds and financial institutions and for ease of trading for our European shareholder base.

      The Company is focused on finding and developing high-grade gold deposits that can be profitable at current gold prices, with targeted total production costs of less than US$200 per ounce.

      IMZs strategy is to develop its gold deposits to a point where they become attractive to a major mining company for purchase or joint venture. 

     A highly experienced management group with a proven history of finding and developing profitable gold mines worldwide, having discovered over 40 million ounces of gold (approximately 1,240 tonnes) over the past 30 years.

       3 key gold projects in South America:  

1.      Rio Blanco (formerly Beroen) Project, Ecuador

  Based on drilling to date, an estimated Inferred Mineral Resource of approximately 1.0 million ounces of gold equivalent (over 5g/t, including a high grade core of 0.6 million ounces at 11g/t gold and 100 g/t silver) has been discovered with potential to be much larger with additional drilling.  Results of preliminary evaluation of the technical and economic parameters for a near-term (2005), medium-scale (300 to 400 tonnes per day) underground mining operation for the high-grade portion of the Alejandra zone were announced on October 14, 2003 . Feasibility drilling of the zone is currently in progress. Results for the first forty-nine feasibility drill holes were released on March 8, 2004 , April 7, 2004 and May 27, 2004.

2.      Gaby Project, Ecuador

           Ecuadors largest undeveloped gold deposit. Independent prefeasibilty studies estimate over 5 million ounces of gold on an inferred mineral resource basis (and 3 million ounces on a preliminary reserve basis).  Gaby can be considered to be a call option on the gold price with no expiry date.   At $350 gold Gaby alone generates almost a 19% IRR and Cdn$3.50 per share in free cash flow.

     3.      Vetaspata Project, Peru

  Unique, very high-grade (+17 g/t) gold deposit with only limited drilling carried out so far. Additional drilling and underground exploration work will be undertaken in 2003.

   Other IMZ projects include:

1.      Canicapa Project, Ecuador

            In January 2003, IMZ joint ventured the project to IAMGOLD Corporation and IAMGOLD subsequently joint ventured the project to Gold Fields.  Canicapa shows the alteration characteristics that of major   gold deposits such as Newmont's Yanacocha Mine in Peru.  IAMGOLD/Gold Fields began an approximately 3,000m drill program in late January, 2004.

     2.      Pallancata Project, Peru

 Located in a region in southeastern Peru hosting numerous bonanza-type, silver-gold deposits, Pallancata consists of a major vein structure with recent and colonial-age underground workings.  Recently completed exploration by IMZ has identified significant silver-gold mineralization.   An initial drilling program comprised of 17 core drill holes totaling 2,491m was completed in late July, 2003.   Drill assay results confirmed the high-grade, complex nature of the Pallancata vein and also identified possible porphyry-related, high-grade silver-gold mineralization in the breccia zone west of the main vein structure.  Full results are available in the September 19, 2003 news release.

      In January 2004, IMZ closed a brokered private placement financing for Cdn$22.3 million (US$17.0 million), with funds being used to further advance our projects and acquire and develop new gold projects worldwide. 

     With financial strength enabling IMZ to acquire high quality gold projects worldwide on reasonable terms, our goal is to be one of the premiere exploration companies in the industry within the next two to three years.  

Issued and Outstanding:

 

79.7 million (all free trading)

Fully Diluted:

 

85.7 million

Share Price:

 

Cdn$4.50-4.70  (US$3.40-$3.55)

Market Capitalization:

 

Approximately Cdn$356M  (US$269M)

Stock Exchanges:

Toronto:

Switzerland (Zurich):

Frankfurt (Germany):

Trading Symbols:

IMZ

IMZ

MIW

 

What's New ?

 May 31, 2004 - News Release
 International Minerals Reports Third Quarter Financial Results

 May 27, 2004 - News Release
 International Minerals Reports New Drill Results from
 Feasibility Study Definition Drill Program at Rio Blanco Project, Ecuador

 April 7, 2004 - News Release
 International Minerals Reports More High-Grade Gold Intersections
 from Feasibility Study Drill Program at Rio Blanco Project, Ecuador

 March 8, 2004 - News Release
 International Minerals Reports High-Grade Gold Intersections
 from Feasibility Study Drill Program at Rio Blanco Project, Ecuador

 March 3, 2004 - News Release
 International Minerals Discovers New High-Grade Silver-Gold
 Mineralization at Pallancata Property, Peru

 February 27, 2004 - News Release
 International Minerals Reports Second Quarter Financial Results

 February 5, 2004 - News Release
 Drilling Starts at International Minerals' Canicapa Project, Ecuador
 Update on Drilling at Rio Blanco, Ecuador

 January 26, 2004 - News Release
 International Minerals Completes Cdn$22 Million Financing

 December 3, 2003 - News Release
 International Minerals Intends to Raise Cdn$20 Million

 December 2, 2003 - News Release
 International Minerals Starts Feasibility Study Drill Program
 on High-Grade Zone at Rio Blanco Gold-Silver Project, Ecuador

 October 14, 2003 - News Release
 International Minerals Announces Positive Scoping Studies
 at Rio Blanco Gold-Silver Project, Ecuador

 September 19, 2003 - News Release
 Drilling at International Minerals' Pallancata Property, Peru
 Intersects High-Grade Silver-Gold Mineralization within Multiple Targets

 July 23, 2003 - News Release
 International Minerals Evaluating High-Grade Mining
 Scenario at Rio Blanco Gold-Silver Property, Ecuador

 July 7, 2003 - News Release
 International Minerals Starts Initial Drill Program
 at Pallancata Silver-Gold Property, Peru

 June 10, 2003 - News Release
 International Minerals Listed on the Frankfurt Stock Exchange

 May 15, 2003 - News Release
 International Minerals Discovers Extensive High-Grade
 Silver-Gold Mineralization at Pallancata, Peru

 March 31, 2003 - News Release
 International Minerals/IAMGOLD's Canicapa Gold Project, Ecuador
 Joint Ventured with Gold Fields

 March 6, 2003 - News Release
 International Minerals Completes Cdn$5.1 Million Private Placement.
 Northern Securities Withdraws Legal Action

 February 24, 2003 - News Release
 International Minerals Announces Private Placement Financing

 February 19, 2003 - News Release
 Northern Securities Files Legal Proceedings Against
 International Minerals and the Toronto Stock Exchange

 January 9, 2003 - News Release
 International Minerals Signs Agreement for Joint Venture with IAMGOLD
 on the Canicapa Gold Property in Ecuador

 December 11, 2002 - News Release
 International Minerals Announces Final Drill Results and
 Updated Resource Estimate for Rio Blanco Property, Ecuador

 August 9, 2002 - News Release
 International Minerals Acquires Pallancata
 Silver-Gold Prospect in Southern Peru

 June 19, 2002 - News Release
 International Minerals Listed on the Swiss Stock Exchange

 May 1, 2002 - News Release
 International Minerals Completes Cdn$5.0 Million
 Non-Brokered Private Placement

 January 23, 2002 - News Release
 Ecuadorian to Change Name to International Minerals
 Corporation as of January 24, 2002.

 May 18, 2000 - News Release
 High Grade Gold Mineralization Confirmed in Extensive
 Underground Sampling Program at Vetaspata, Peru
 Second Phase Drilling to Start at Beroen, Ecuador in Late May

 April 13, 2000 - News Release
 Ecuadorian Encounters Bonanza Grade Gold and Silver
 Values in New Exploration Adit at Beroen

 January 14, 2000 - News Release
 Ecuadorian Announces Final Drill Results at Vetaspata, Peru
 Underground Work Commences at Beroen, Ecuador
 New Directors Appointed


 April 24, 1997 - News Release
 Ecuadorian Announces Positive Prefeasibility Study
 at Gaby Project in Ecuador


Traded on the Toronto Stock Exchange: "IMZ"
Secondary Listing on the Swiss Stock Exchange: "IMZ"
Secondary Listing on the Frankfurt Stock Exchange: "MIW"

 IMZ Stock Price Chart - (provided by Canada Stockwatch)



More Information about IMZ
 Properties
 Key Personnel
 Corporate Information
 Summary of Share Capital
 News Releases
 Interim Financial Statements, Third Quarter, 2004
 Interim Financial Statements, Second Quarter, 2004
 Interim Financial Statements, First Quarter, 2004
 2003 Annual Report
 2003 Annual Information Form
 Audited Financials Statements, 2003
 2002 Annual Report
 2002 Annual Information Form
 Audited Financials Statements, 2002
 2001 Annual Report
 2001 Annual Information Form
 Audited Financials Statements, 2001
 Audited Financial Statements, 2000
 2000 Annual Information Form


Corporate Office
International Minerals Corporation
 7950 E. Acoma Drive, Suite 211
 Scottsdale, Arizona 85260
 USA
 TEL 480-483-9932 FAX 480-483-9926
 e-mail emc@primenet.com

 For additional information,
contact Steve Kay, President/CEO



The information contained herein is deemed reliable, but not guaranteed. The information on this site has been derived from publicly available material; for certainty of accuracy, readers are recommended to reference the actual filed documents.

 

International Minerals Corporation is not a reporting issuer in the United States and the information provided herein is not a solicitation to sell shares. The Company, however, has maintained a Standard and Poor's Corporate Listing since July 1996.
This site has been accessed

times since January 11, 1999