Property Holdings

Terms of Ownership

The Silver Peak Property consists of 211 contiguous mineral lode claims covering 3,943 acres in the Silver Peak mining district, Esmeralda County, Nevada.

IMMC, through its wholly-owned subsidiary, International Millennium Mining Inc. ("IMMI"), holds 100% undivided interest in 186 of these claims, of which 122 claims are subject to a 1% Net Smelter Return (NSR) royalty. 

IMMC has optioned, and will acquire, the remaining 25 lode claims comprising the 16-to-1 Mine claim group by making cash payments of US$115,000 between 2017 and 2021, and by issuing 1,000,000 common shares of the Company. The 25 claims that make up the 16-to-1 Mine claim group are subject to NSR royalties that vary from 1.5% on 8 of the claims, of which 1.25% NSR can be purchased for US$190,000; 2.5% on 7 of the claims, of which 1.25% NSR can be purchased for US$110,000; and, 1.5% on 10 of the claims, of which 0.5% NSR can be purchased for US$500,000.