Full Metal Releases Final 2008 Assay Results from Fortymile Property, AK: Including 5.7 Meters True Width Averaging 7.5% Zn, 11.
November 24 2008 - 12:20PM
Marketwired
Full Metal Minerals (TSX VENTURE: FMM) is pleased to announce
results from the final five drill holes of 39 completed during 2008
at 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:
- LWM08-55: 1.5 meters true width averaging 12.4% Zn, 30.0% Pb
and 186.3 g/t Ag
- LWM08-56: 5.7 meters true width averaging 7.5% Zn, 11.8% Pb
and 167.6 g/t Ag
- LWM08-57: 1.2 meters true width averaging 24.8% Zn, 10.0% Pb
and 192.4 g/t Ag
- LWM08-58: 0.9 meters true width averaging 0.4% Zn, 37.5% Pb
and 648 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 holes LWM08-55, 56 and 58, 59
are the southwestern most holes completed to-date. Two of these
four holes encountered in excess of 30% combined lead-zinc
mineralization along with excellent silver and copper values.
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 were completed on 50 meter centers along strike and
down-dip. Infill hole LWM08-57 encountered 1.2 meters true width
averaging 24.8% Zn, 10.0% Pb, 0.68% Cu and 192.4 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 Ag Zn%
Hole-ID From To Width Width (g/t) Cu% Pb% Zn% + Pb%
LWM08-55 90.06 97.54 7.48 7.43 45.7 0.12 1.54 4.66 6.20
134.00 135.49 1.49 1.30 73.0 0.08 1.68 9.73 11.41
153.92 155.45 1.53 1.50 186.3 0.16 21.98 12.43 34.41
LWM08-56 149.77 175.56 25.79 25.01 47.4 0.08 3.20 3.92 7.12
including 149.77 155.50 5.73 5.72 167.6 0.19 11.80 7.51 19.31
LWM08-57 222.12 223.61 1.49 1.20 192.4 0.68 9.97 24.82 34.79
LWM08-58 89.00 90.00 1.00 0.90 648.0 0.51 37.51 0.42 37.93
127.00 131.00 4.00 3.85 19.0 0.13 0.13 11.33 11.46
LWM08-59 No Significant Assays
Full Metal is reviewing and compiling drilling and surface
exploration results, with the objective of planning a follow-up
drilling program during 2009.
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, Mosam Capital, 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
Full Metal Minerals (TSXV:FMM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Full Metal Minerals (TSXV:FMM)
Historical Stock Chart
From Jul 2023 to Jul 2024