VANCOUVER, BRITISH COLUMBIA is pleased to announce that all
assay results have been received from the Company's Carbonate
Replacement Deposit (CRD) style massive sulphide discovery at the
LWM Prospect on the 40 Mile Property, Alaska. These results include
five step-out drill holes, as well as over-limit zinc (greater than
30%) and lead values (greater than 25%) for previously reported
results.
The final drill holes include the highest grades yet encountered
on the property and include significant thicknesses. The long
intercepts are due in part to a change in orientation of the strike
of the zone, whereby some holes were drilled at a very shallow
angle to the orientation of mineralization. The highlight of these
recent assays include the highest grade mineralization yet
encountered on the Property. Hole LWM07-19; 126.5 meters averaging
10.8% Zn, 2.0% Pb and 30.7 g/t Ag, including: 5.64 meters averaging
19.9% Zn, 31.8% Pb and 346.8 g/t Ag. Hole LWM07-21 intersected 10.7
meters averaging 5.5% Zn, 7.6% Pb and 110.3 g/t Ag.
The 2007 Exploration Program was completed in late September at
LWM. Massive sphalerite/galena/chalcopyrite mineralization has been
encountered over 300 meters of strike length, and greater than 200
meters below surface - the deposit remains open for expansion in
all directions. Final assay results for all holes completed during
2007 are as follows:
Hole-ID From (m) To (m) Length (m) Ag (g/t) Cu % Pb % Zn %
LWM07-04 14.10 26.37 12.27 68.6 0.13 3.7 8.1
74.20 118.77 44.57 76.6 0.19 5.3 15.9
including 98.67 118.77 20.10 159.4 0.37 11.1 19.7
LWM07-05 52.00 60.50 8.50 105.3 0.08 8.0 12.3
including 55.00 57.50 2.50 340.0 0.59 26.1 21.0
104.10 105.63 1.53 1.0 0.19 0.02 11.0
LWM07-06 No Significant intercepts
LWM07-07 101.9 117.5 15.6 127.0 0.22 8.7 21.2
including 101.9 113 11.1 169.8 0.3 11.7 26.3
160.85 163.16 2.31 21.0 0.03 0.8 9.4
LWM07-08 112.76 113.80 1.04 85.0 0.17 6.7 8.0
174.80 185.70 10.90 24.9 0.04 1.5 7.9
208.89 210.31 1.42 29.0 0.04 1.0 8.6
226.50 228.00 1.50 275.0 0.32 5.5 18.6
LWM07-09 127.71 128.63 0.92 221.0 0.16 9.3 4.3
168.92 170.40 1.48 198.0 0.29 20.1 2.5
184.04 186.71 2.67 82.1 0.16 4.0 16.9
203.35 205.10 1.75 101.0 0.06 9.1 0.5
211.52 218.00 6.48 464.2 1.41 11.3 31.6
LWM07-10 39.97 40.54 0.57 20.0 0.01 1.0 6.5
LWM07-11 180.50 188.85 8.35 136.4 0.20 9.0 4.9
including 187.85 188.85 1.00 496.0 0.69 37.5 16.5
191.79 194.78 2.99 58.0 0.08 3.0 3.6
LWM07-12 9.14 16.8 7.66 3.6 0.08 0.1 5.8
47.69 52.36 4.67 23.0 0.04 1.3 4.7
LWM07-13 Lost
LWM07-14 103.75 123.16 19.41 31.2 0.06 1.4 6.8
including 111.70 118.43 6.73 54.6 0.15 2.2 14.0
LWM07-15 No Significant intercepts
LWM07-16 49.55 51.13 1.58 31.0 0.05 1.6 13.1
LWM07-17 28.45 41.60 13.15 159.2 0.25 11.8 13.4
28.45 33.53 5.08 266.6 0.37 19.5 19.4
85.38 85.90 0.52 45.0 0.08 1.2 24.3
LWM07-18 No Significant intercepts
LWM07-19 9.5 136 126.5 30.7 0.16 2.0 10.8
including 9.5 24.5 15 43.7 0.41 1.0 17.8
including 41.61 44.5 2.89 2.0 0.69 0.0 35.1
including 79.75 81.75 2 118.0 0.11 8.4 19.4
including 88.6 107.5 18.9 25.4 0.08 0.1 18.7
including 127.88 133.52 5.64 346.8 0.72 31.8 19.9
LWM07-20 9.14 15 5.86 126.7 0.05 1.3 3.1
62.65 63.79 1.14 58.0 0.03 5.0 0.2
LWM07-21 80.9 84.54 3.64 27.5 0.03 1.9 3.4
88.71 93 4.29 59.6 0.08 4.2 9.0
107.29 118 10.71 110.3 0.15 7.6 5.5
The summary above also includes revised lead and zinc assays for
drill holes LWM07-11, 14 and 17, which returned significantly
higher grades. Additional analyses were received for over-limit
zinc (greater than 30%) and lead values (greater than 25%).
Drill holes LWM07-19, 20 and 21 were drilled close to the
contact between the host marble and dolomite altered mafic rocks;
CRD-style mineralization is generally close to the faulted contact
between these units, and footwall argillite at LWM. These holes are
step-outs completed to the southwest, and suggest a gentle roll in
the strike orientation, and steepening of the dip orientation of
the stratigraphy and mineralization. In drill hole LWM07-19,
mineralization starts at the collar, and continues to 133.5 meters
below surface, at a shallow angle to the core axis. Over the first
100 meters, primary sulphides were partially to completely
weathered due to surface oxidation. Similarly, LWM07-21 is a
vertical drill hole, with partial oxidation of sulphides near the
footwall contact. This oxidation level varies at LWM, ranging from
no oxidation at surface, to 125 meters below surface. Hole LWM07-20
is a -60 degrees angled hole inclined to the northwest and
encountered partially oxidized mineralization just below surface,
and cored into the footwall rocks near the collar.
The stratigraphic section at the LWM prospect includes: marble,
dolomite, argillite and strongly altered mafic volcanic rocks.
Drilling and ground magnetic geophysics suggests that the carbonate
package hosting the massive sulphide mineralization, with dip
varying from moderately south to vertical, and trends toward Full
Metal's Fish Prospect four miles to the northeast. Anomalous soil
geochemistry is coincident with this interpreted trend.
The mineralization at LWM, Fish, as well as multiple other
prospects at the 40 Mile Property is consistent with CRD
zinc-lead-silver systems. Worldwide analogs of this style of
mineralization include Leadville, Colorado, Pine Point, NWT and the
Polaris deposits, NWT. Due to the irregular geometries of CRD
mineralizing systems, true widths and orientation of the massive
sulphide zones are not fully understood at this time. Recent
interpretations will allow for deeper, improved oriented holes that
will return more accurate true widths. A plan map with drill hole
locations for the LWM Prospect are available on Full Metal's
website at www.fullmetalminerals.com.
Based on the results from the 2007 drilling program at LWM, and
the extensive surface exploration program, the Company will
complete a 15,000 meter core drilling program, additional surface
sampling and geophysical surveys at the 40 Mile Project. Drilling
is expected to commence in mid-March 2008, and will include infill
and step-out holes, as well testing the Eva, Oscar and Drumstick
targets, which have not been historically drilled. The Drumstick
Prospect is located 2,200 meters north of the Eva Prospect, where
previously reported results (see FMM #19NR August 13, 2007) from 14
mineralized rock samples averaged 957 g/t Ag, 23.6% Zn, 12.6% Pb,
and 0.9% Cu. At Drumstick, three samples of mineralized rock were
collected from prospect pits. Two of these samples returned 21.6%
Zn, 19.1% Pb, 222 g/t Ag and 11.6% Zn, 8.1% Pb and 863 g/t Ag, in
addition to anomalous gold and copper (see FMM #2 January 16,
2008). At Oscar, samples from prospect pits include: 17% Cu and 521
g/t Ag, 1.1% Cu and 441 g/t Ag, 6.2% Zn, 4.4% Pb, and 99 g/t Ag
(see FMM #2 January 16, 2008). Full Metal has options to earn
numerous 100% leasehold interests within 235,376 acres of lands
selected by Doyon, Limited, an Alaska Native Regional Corporation
(See FMM 2006 NR #9, Dated May 23, 2006).
Full Metal's 2007 exploration program at 40 Mile was performed
under the supervision of Robert McLeod, P.Geo, Vice-President
Exploration for Full Metal Minerals, and a Qualified Person as
defined by NI 43-101. Drill cores were cut in half using a diamond
saw, with one-half placed in sealed bags. Core and surface samples
were delivered by Full Metal personnel to the ALS-Chemex Labs
facility in Fairbanks, Alaska. A sample quality control/quality
assurance program is in place. Mr. McLeod prepared and approved the
information contained in this release.
Full Metal is a generative exploration company with twelve
active projects in Alaska and one in the Yukon Territory. 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, Metallica Resources, Triex Minerals, Altair
Ventures, Highbury Projects, Millrock Resources and Andover
Ventures.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Williams, President and Director
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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