Full Metal Identifies Significant Geochemical and Geophysical Anomalies at OG Zn-Pb-Ag Property
January 15 2008 - 9:00AM
Marketwired
VANCOUVER, BRITISH COLUMBIA is pleased to announce the results
of an extensive surface mapping, sampling and gravity geophysical
program from the 100% owned OG Zinc-Lead-Silver Property,
Yukon.
The OG Property is a carbonate-replacement style deposit (CRD)
located approximately 40 kilometers north of Dawson City, Yukon.
Full Metal is planning a minimum 3,000 meter Phase I drilling
program to commence in the spring of 2008.
Work completed during 2007 outlined the Raider Zone, a
significant new 1.0 square kilometer multi-element soil anomaly
(greater than 500 ppm Pb, greater than 1000 ppm Zn, greater than 2
g/t Ag). The Raider Zone is located 750 meters north of the Yankee
Zone, which was expanded from 1.4 to 1.7 square kilometers (greater
than 500 ppm Pb, greater than 1000 ppm Zn, greater than 2 g/t Ag).
Sample spacing ranges from 50 meters by 50 meters to 50 meters by
200 meters at both Zones. The Yankee and Raider anomalies are open
for expansion to the east. Multiple other anomalous areas were
identified north of the Raider Zone. From July through September
2007, 1,380 samples were collected at the OG Property; soil samples
range from 6.8 to 39,200 ppm Pb, average 327 ppm Pb; 27 to 11,100
ppm Zn, average 560 ppm Zn, and 0.2 to 154 g/t Ag, average 0.9 g/t
Ag.
Additionally, a ground-based gravity geophysical survey was
completed over only the western third of the Yankee Zone soil
anomaly. The survey outlined a 1.1 to 1.6 mGal anomaly, measuring
approximately 600 by 600 meters. Gravity geophysical surveys
identify denser rock, with the intent of identifying massive
sulphide mineralization.
The OG Property was drill tested by 12 core holes in 1975 and 76
by Hudson's Bay Mining. Assay results are known for only six holes,
which were filed under mandatory Yukon Territory assessment report
requirements. Limited exploration work was performed on the
Property prior to the 2007 Exploration Program.
Surface mapping identified CRD style mineralization consisting
of coarse grained pyrite, sphalerite and galena with local
chalcopyrite within a sequence of platformal Proterozoic
limestones, commonly altered to dolomite. Mineralization occurs
within the footwall to a regional thrust fault, with capping fine
grained siliciclastic overlying the mineralization. The Raider and
Yankee zones are separated by a window of the upper plate
sediments.
Full Metal's 2007 exploration program was supervised by Robert
McLeod, P.Geo., Vice President Exploration, for Full Metal Minerals
Ltd., a Qualified Person as defined by NI 43-101, who has prepared
and approved the information contained in this release. Soil
samples were collected by experienced technicians, and placed in
sealed bags for shipment to the ALS-Chemex Labs facility in
Vancouver, B.C. for analysis. A sample quality control/quality
assurance program was implemented.
Full Metal is a generative exploration company with twelve
active projects in Alaska and one in the Yukon Territory. Final
assay results from the 2007 drilling program at the 40 Mile
Property are expected shortly. Drilling Programs will be completed
during 2008 at the 40 Mile, Lucky Shot, Mt. Andrew, Moore Creek,
CJ, Pebble South, Chignik, Boulder Creek and OG Properties. The
Company has Joint Venture Agreements with Freeport McMoRan, BHP
Billiton, Metallica Resources, Triex Minerals, Altair Ventures,
Millrock Resources Highbury Projects, and Andover Ventures.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Williams, President and Director
Some statements in this news release contain forward-looking
information, including without limitation statements as to planned
expenditures and exploration programs. These statements address
future events and conditions and, as such, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the statements. Such factors include
without limitation the completion of planned expenditures, the
ability to complete exploration programs on schedule and the
success of exploration programs.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Full Metal Minerals Ltd. Jeff Sundar Manager, Investor
Relations (604) 484-7855 (604) 484-7155 (FAX) Email:
info@fullmetalminerals.com Website: www.fullmetalminerals.com
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