Full Metal Continues to Intercept High Grade Zinc, Lead, and Silver at Fortymile Property, AK: Including 6.2 Meters True Width A
October 09 2008 - 2:10PM
Marketwired
Full Metal Minerals (TSX VENTURE: FMM) is pleased to announce
results from an additional 13 drill holes from the LWM Carbonate
Replacement Deposit (CRD). The LWM Deposit is a high grade zinc,
silver, lead, copper discovery located at the Fortymile Property in
Eastern Alaska. Highlights include:
- LWM08-35: 12.2 meters true width averaging 6.4% Zn, 2.7% Pb
and 39.1 g/t Ag
- LWM08-44: 2.3 meters true width averaging 12.2% Zn, 31.6%, Pb
and 479.2 g/t Ag
- LWM08-49: 4.5 meters true width averaging 7.9% Zn, 14.5% Pb
and 179.2 g/t Ag
- LWM08-49: 6.2 meters true width averaging 18.2% Zn, 4.3% Pb
and 165.7 g/t Ag
- LWM08-53: 5.8 meters true width averaging 13.4% Zn, 4.3% Pb
and 74.8 g/t Ag
To date, two subparallel zones of massive carbonate-replacement
(CRD) mineralization have been traced over 700 meters of strike
length and over 300 meters below surface. The deposit is open for
expansion in all directions. Drill hole LWM08-45 is the furthest
northeastern step-out hole with assays to-date on the property, and
encountered 6.95 meters true width averaging 4.9% Zn, 11.6% Pb and
181.3 g/t Ag, including 2.6 meters true width averaging 12.2% Zn,
31.6% Pb, 0.67% Cu and 479.2 g/t Ag. Additional drill holes further
northeast of LWM08-46 and 47 did not reach bedrock due to frozen
overburden, however the mineralization remains open for expansion
in this direction. Drill hole LWM08-34, a step-out hole to the
northeast, encountered 3.7 meters true width averaging 17.3% Zn,
9.5% Pb, 0.3% Cu and 158.3 g/t Ag.
During 2008, 39 drill holes have been completed at LWM, with
massive to semi-massive sphalerite-galena-chalcopyrite
mineralization intersected in the majority. Step-out and infill
holes are being completed on 50 meter centers along strike and
down-dip. Infill hole LWM08-49 encountered multiple zones,
including 4.5 meters true width averaging 7.9% Zn, 14.5% Pb, 0.25%
Cu and 179.2 g/t Ag, in the upper zone and 6.2 meters true width
averaging 18.2% Zn, 4.3% Pb, 0.41% Cu and 165.7 g/t Ag.
Mineralization occurs 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, the oxidation 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.
Complete drill results are as follows:
True Zn Ag Cu Pb Zn % +
Hole-ID From To Width Width % (g/t) % % Pb %
LWM08-35 120.23 121.05 0.82 0.64 26.4 77.0 0.26 4.08 30.48
137.07 152.78 15.71 12.19 6.39 39.1 0.02 2.72 9.11
including 142.77 145.65 2.88 2.23 8.1 85.4 0.03 5.37 13.47
and 151.88 152.78 0.90 0.70 41.81 182.0 0.5 12.95 54.76
LWM08-38 87 88 1.00 0.76 9.9 9.0 0.01 0.02 9.92
LWM08-39 133.14 134.5 1.36 1.06 13.75 9.0 0.05 0.03 13.78
LWM08-42 231.5 237 5.50 4.27 6.4 65.5 0.16 4.5 10.9
including 235 236 1.00 0.78 22.5 204.0 0.62 12.25 34.75
LWM08-43 No significant Assays
LWM08-44 79.15 81 1.85 1.60 7.22 76.0 0.31 4.32 11.54
89.26 97.29 8.03 6.95 4.88 181.3 0.24 11.61 16.49
including 94.68 97.29 2.61 2.26 12.18 479.2 0.67 31.61 43.79
LWM08-45 38 43.54 5.54 4.79 11.37 54.5 0.07 4.3 15.67
including 38 39.66 1.66 1.43 35.09 158.8 0.09 13.02 48.11
LWM08-48 No Significant Assays
LWM08-49 156 163.5 7.50 6.49 1.83 23.0 0.03 0.77 2.6
179.35 184.5 5.15 4.46 7.95 179.2 0.25 14.53 22.48
230.33 233 2.67 2.31 9.71 61.5 0.37 1.36 11.07
264.59 271.79 7.20 6.23 18.24 165.7 0.41 4.25 22.49
including 264.59 266.8 2.21 1.91 28.07 269.5 0.88 12.85 40.92
LWM08-50 404.95 406.1 1.15 0.99 3.3 22.0 0.04 0.99 4.29
LWM08-52 No Significant Assays
LWM08-53 191.1 192.08 0.98 0.84 13.25 160.0 0.25 14.85 28.1
196.3 198.16 1.86 1.61 15.72 42.3 0.18 1.58 17.3
207.65 213.42 5.77 4.99 13.43 74.8 0.17 4.3 17.73
including 210.05 212.13 2.08 1.80 28.26 173.6 0.4 9.94 38.2
LWM08-54 168 170 2.00 1.73 2.03 56.0 0.07 1.41 3.44
The LWM discovery, the Fish oxide zinc-silver discovery (See FMM
NR 2007 #21), as well as the Oscar, Eva and Drumstick regional
targets occur within an extensive trend of CRD-style prospects, the
majority of which have never been drill tested. Additionally,
surface exploration crews have identified new target areas and
prospects during the 2008 exploration program.
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. Full
Metal is completing a bulk sample to confirm the continuity of
high-grade gold mineralization within the Lucky Shot shear. The
Company has Joint Venture Agreements with Kinross Gold, Freeport
McMoRan, BHP Billiton, New Gold, Triex Minerals, Altair Ventures,
Highbury Projects, and Ashburton Ventures Inc.
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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