Full Metal Minerals (TSX VENTURE: FMM) is pleased to announce that
exploration programs targeting high-grade zinc-lead-silver
mineralization are underway at three projects in Alaska and Yukon.
Full Metal will continue to advance these key assets in
anticipation of an improving base metal market.
FORTYMILE PROPERTY - 100% FMM
Previous exploration and drilling by Full Metal at Fortymile has
resulted in the discovery of the LWM deposit, a high grade
zinc-lead-silver Carbonate Replacement Style (CRD) system. Multiple
other prospective targets have also been identified on the
Property.
Field crews recently completed geological mapping, soil and rock
chip sampling on additional target areas. Full Metal is targeting
CRD style mineralization, copper-gold skarn mineralization and
epigenetic gold mineralization. Results are currently pending for
this program, with additional follow up work planned for September
2009.
To date at LWM, 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. Previously
announced drill results include:
- LWM07-04: 44.6 meters averaging 15.7% Zn, 5.3% Pb, 76.0 g/t
Ag
- LWM07-07: 11.1 meters averaging 26.3% Zn, 11.7 % Pb, 169.8 g/t
Ag
- LWM07-09: 6.5 meters averaging 31.6% Zn, 11.3% Pb, 464.2 g/t
Ag
- LWM07-19: 5.6 meters averaging 31.8 % Zn, 19.9 % Pb, 346.8 g/t
Ag
- LWM08-32: 17.7 meters averaging 14.5% Zn, 11.1% Pb, 217.5 g/t
Ag
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.
Full Metal has option(s) to earn 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).
ANGIE-CAT PROPERTY - 100% FMM
The Angie-Cat property is hosted within a 90km long trend of
zinc-lead-silver occurrences, located south of Ross River, Yukon.
During 2008, Full Metal identified new and historic occurrences of
mineralization along this trend.
At the Keats Prospect, in 2008 Full Metal discovered a new
occurrence of subcropping boulders of Sedimentary Exhalative
Deposit Style (SEDEX) massive sphalerite and galena spanning 1,300
meters of strike length. A total of eleven rock samples were taken
at Keats, ranging from 0.1 to 47.2 % Zn, averaging 21.7%; trace to
22.0% Pb, averaging 3.0%; and 0.5 to 100.0 g/t Ag, averaging 18.8
g/t. Additionally, at the Angie Prospect, soil sampling during 2008
by Full Metal identified a 5,000 meter long anomaly (greater than
1000 ppm Zn), including a 1,300 meter long area (greater than 2,000
ppm Zn).
At the southeast end of the trend, soil sampling by Full Metal
in 2008 outlined multiple anomalies of zinc, lead and silver at the
Nebocat Prospect. A 2,000 meter long multielement soil anomaly
(greater than 1000 ppm Zn, greater than 500 ppm Pb, greater than 3
ppm Ag) was identified, centered on a 200 meter long, by 10 meter
high outcrop of SEDEX style massive sulphides, with coarse grained
pyrite, sphalerite and galena.
Exploration currently underway will focus on expanding the known
extent of the surface mineralization and identifying drill targets
at the Keats and Nebocat prospects. The program will also explore
additional targets along the 90km long trend. Additionally, a soil
grid will be completed over the Keats prospect, as well as
reconnaissance prospecting and soil sampling. The 2009 program will
refine these targets for a 2010 drill program.
NADALEEN PROPERTY - 100% FMM
The Nadaleen Project area comprises six prospects, targeting CRD
style deposits hosting high grade silver-lead-zinc mineralization.
These occurrences are located within one of the most extensive
regions of CRD mineralization identified worldwide.
The most significant results from the 2008 Exploration Program
at Nadaleen included high grade mineralization discovered along
3,200 meters of strike length at the DF Prospect. Numerous
occurrences of outcropping massive sulphides were identified; 18
surface samples assaying over 65 g/t Ag averaged 298 g/t Ag, 26.9%
Pb and 5.4% Zn. Five of these samples averaged over 500 g/t Ag, up
to 688 g/t Ag. A total of 46 rock samples were collected at the DF
Prospect, averaging 120 g/t Ag, 10.7% Pb and 5.2% Zn. Samples range
from to trace values to 688 g/t Ag, 67.2% Pb and 19.4% Zn. Rock
samples are mostly chip and grab samples collected through
prospecting.
The current field work at Nadaleen will include expanding the
known extent of mineralization at the DF prospect through mapping
and geological sampling, and by the completion of a soil grid.
Other targets will also be. This work will refine drill targets at
the DF prospect to be tested in 2010.
Full Metal's 2009 exploration program at the Fortymile,
Angie-Cat and Nadaleen projects are being 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. Samples are placed in sealed bags and shipped to ALS-Chemex
Labs facility in Fairbanks, Alaska and Vancouver, B.C. 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. The
Company has Joint Venture Agreements with Kinross Gold, Freeport
McMoRan, Mosam Capital, Triex Minerals, Altair Ventures, Highbury
Projects, and Ashburton 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 Jeff Sundar VP, Investor Relations
604-484-7855 604-484-7155 (FAX) Email: info@fullmetalminerals.com
Website: www.fullmetalminerals.com
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