Full Metal Intersects 68.2 Meters True Width Averaging 6.56% Zn, 2.47% Pb and 42.7 g/t Ag at Fortymile Property, Alaska
July 07 2008 - 9:00AM
Marketwired
VANCOUVER, BRITISH COLUMBIA is pleased to announce the initial
drill holes from the 15,000 meter core drilling program from the
LWM Zn-Ag-Pb-Cu discovery at the Fortymile Property in Eastern
Alaska.
Ongoing drilling has identified massive carbonate-replacement
(CRD) mineralization over 550 meters of strike length and over 300
meters below surface. The deposit is open for expansion in all
directions. These initial drill holes are concentrated along the
southwest extension of mineralization encountered during the 2007
drill season (see FMM 2008 NR#3, dated January 29, 2008. Current
results include hole LWM08-29, which intersected 68.2 meters true
width averaging 6.56% Zn, 2.47% Pb, 0.11% Cu and 42.7 g/t Ag. This
interval included continuous zones of disseminated mineralization
with alternating high-grade lead and zinc rich intervals including:
9.6 meters true width averaging 16.1% Zn, 4.0 meters true width
averaging 20.4% Zn and 3.3 meters true width averaging 17.48% Pb
and 254.3 g/t Ag.
To date, 23 drill holes have been completed, with massive to
semi-massive sphalerite-galena-chalcopyrite mineralization
intersected in the majority. Step-out holes are being completed on
50 meter centers along strike and down-dip. At least two
subparallel zones of mineralization have been encountered within
dolomitized marble host rock, with the primary zone located
adjacent to a fault zone. In the southwestern area of drilling,
surface oxidation is locally variable in the upper zone. In some
areas, it extends to over 200 meters below surface; the lower zone
is typically less oxidized, with primary sulphide commonly located
at surface. In the northeast, surface oxidation is much shallower.
The thickness of mineralization can vary dramatically in CRD
systems, with this variability common at LWM. A plan map with drill
hole collar locations can be viewed at
www.fullmetalminerals.com.
Drill results include:
True Ag
Hole-ID From To Width Width (g/t) Cu% Pb% Zn%
LWM08-22 207.49 208.57 1.08 1.0 65 1.32 1.63 7.42
LWM08-23 188.28 190.5 2.22 4.0 134.3 0.12 9.84 4.38
and 310.0 315.81 5.81 2.5 85 nsv 4.95 0.77
including 312.0 315.81 3.81 2 98 nsv 5.98 0.04
LWM08-24 103.51 108.12 4.61 4.5 1.5 nsv nsv 4.36
and 247.59 257.91 10.32 10.0 1.4 nsv nsv 4.34
LWM08-25 250.78 252.42 1.64 1.5 67.1 0.11 0.36 5.43
and 257.68 259.05 1.37 1.3 142.9 0.12 7.21 6.34
LWM08-26 No significant Assays
LWM08-27 89.09 89.6 0.51 0.3 50 nsv 1.83 21.6
and 105.5 106.5 1.0 0.7 29 nsv 1.07 10.55
LWM08-29 46.68 155 108.32 68.2 42.7 0.11 2.47 6.56
including 46.68 51.84 5.16 3.3 254.3 0.34 17.48 4.36
67.94 74.32 6.38 4.0 20.4 0.14 0.76 14.18
81.86 97.15 15.29 9.6 16.1 0.1 0.4 17.81
126.0 132.0 6.0 3.8 45.7 0.17 2.77 14.9
138.0 140.49 2.49 1.6 275.4 0.42 17.53 2.08
- nsv denotes no significant values
The LWM discovery and the Fish oxide zinc-silver discovery (See
FMM NR 2007 #21), as well as the Oscar, Eva, Drumstick, Lead Creek
and Champion prospects and numerous other showings and anomalies
all occur within a 90 kilometer long trend of CRD-style prospects,
the majority of which have never been drill tested. Additionally,
exploration crews have identified new target areas and prospects
through surface exploration.
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 2008 exploration program at Fortymile 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 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 multiple
precious and base metal projects in Alaska and the Yukon. Drilling
and underground development is currently underway at the high-grade
Lucky Shot Gold Project. The Company has Joint Venture Agreements
with Kinross Gold, Freeport McMoRan, BHP Billiton, New Gold, Triex
Minerals, Altair Ventures, and Highbury Projects.
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 VP, Investor
Relations (604) 484-7855 (604) 484-7155 (FAX) Email
info@fullmetalminerals.com Website: www.fullmetalminerals.com
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