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Re: News Releases - Wednesday, November 04, 2009
Messina Minerals Identifies New Targets at Boomerang
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P R E S S R E L E A S E
November 4, 2009
Messina Minerals Identifies New Targets at Boomerang
Vancouver, BC, November 4, 2009 - Messina Minerals Inc. (TSX-V:MMI) has
received results from prospecting, mapping, and soil surveying and
identified new drill targets located 1 kilometer northeast of the
Boomerang zinc-lead deposit on Messina's Tulks South property in
central Newfoundland.
Summary
Prospecting and mapping have documented a new untested zone of
stockwork mineralization at Boomerang over a distance of 900 meters. A
soil survey has returned anomalous zinc-lead-silver results over 900
meters coincident with the stockwork zone. The zone is significant
because it is located 300 meters in the hangingwall of the Boomerang
horizon and establishes a new parallel target not tested by drilling.
The soil survey also detected a second untested 300 meter long
zinc-lead-silver anomaly along strike from Hurricane on the Boomerang
massive sulphide horizon. The anomaly is significant because it
provides a new target also untested by drilling located 400 meters from
zinc-lead massive sulphide mineralization.
Work Results
Messina staff completed an updated geological compilation and detailed
re-evaluation of Boomerang area results in May through August 2009.
The re-evaluation identified areas with potential for Boomerang-style
alteration or mineralization that warrant ground follow-up; the
potential of the 2.8 kilometer distance northeast of Boomerang between
the Hurricane zinc-lead massive sulphide zone (Line 38E) and the
TouchDown pyritic massive sulphide zone (Line 66E) was highlighted.
Prospecting and mapping in September and October between L39E and L50E
focused on follow-up of an outcropping zone of silica-pyrite stockwork
containing sphalerite (zinc) and galena (lead) identified on Line 39E
and located 300 meters in the hangingwall of the Boomerang horizon.
This work traced the stockwork zone on surface between L39E to L48E
over a distance of 900 meters. The zone is significant because it
establishes a new target parallel to the Boomerang horizon that has not
been tested by drilling.
A soil survey was designed to test between L39E and L50E, an area not
previously covered by historical soil surveys, to target both the new
stockwork zone and the strike extension of Hurricane and the Boomerang
mineralized horizon. 290 soils were collected (see protocols below).
Soil results anomalous in zinc-lead-silver coincident with the new
stockwork zone extend from L39E to L48E over 900 meters with values
ranging from 104 to 270 ppm Zn, 14 to 115 ppm Pb, and 0.6 to 2.2 ppm
Ag.
Soil results anomalous in zinc-lead-silver coincident with the inferred
position of the Boomerang horizon, in an area with no outcrop or
drilling information, yielded results ranging from 106 to 143 ppm Zn,
10 to 16 ppm Pb, and 0.5 to 0.7 ppm Ag between L43E and L46E over 300
meters. This anomaly is significant because it provides an untested
new target 300 meters along strike from nearest drilling.
On-going Work:
Planning and budgeting continues for the next phases of work to advance
the Boomerang zinc-lead massive sulphide deposit. The next phases
include bench-scale metallurgical investigation, as well as drilling to
upgrade the Boomerang 1.4 Mt indicated mineral resource to measured
category, and drilling to test newly identified exploration targets.
Sample Protocols
290 soil samples were collected from Bf (95%) or Bm (5%) soil horizons
as per Canadian System of Soil Classification. Samples were submitted
to Eastern Analytical of Springdale, NF for geochemical analysis for
copper, lead, zinc, and silver by ICP (inductively coupled plasma).
Pulps from these samples have been retained. Results from this survey
were analyzed statistically; "anomalous" values are three standard
deviations from the mean for the population.
About Messina
Messina Minerals Inc. is a leading explorer for
zinc-lead-copper-silver-gold massive sulphide deposits in Newfoundland,
Canada on its extensive 450 square kilometer mineral lands, in a region
known historically for its zinc resources and where the Company has
made massive sulphide discoveries including "Boomerang" and "Domino".
See our website for more information.
Kerry Sparkes, P.Geo., Vice President of Messina Minerals Inc. is the
Qualified Person who has reviewed and is responsible for the technical
data contained in this news release.
ON BEHALF OF THE BOARD OF DIRECTORS OF
MESSINA MINERALS INC.
"Peter Tallman"
President
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
For further information
Please contact:
Peter Tallman
President
(604)688-1508
Fax: (604) 601-8253
Email: info@messinaminerals.com
Website: www.messinaminerals.com
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Copyright (c) 2009 MESSINA MINERALS INC. (MMI) All rights reserved.
For more information visit our website at
http://www.messinaminerals.com/ or send mailto:info@messinaminerals.com
Message sent on Wed Nov 4, 2009 at 6:15:32 AM Pacific Time
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Messina Minerals Inc.
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EXPLORATEUR |
CODE : MMI.V |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Messina Min. est une société d’exploration minière de zinc et de plomb basée au Canada. Messina Min. détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont PUKASKA, LONG LAKE, HAVEN STEADY PROPERTY, COSTIGAN LAKE PROJECT, VICTORIA RIVER PROJECT, BOBBY'S POND PROJECT, HEALY BAY, TOPSAILS PROJECT, DANIELS HARBOUR, SUTHERLANDS POND, HUNGRY HILL, YORK HARBOUR, TULKS SOUTH - HURRICANE, TULK SOUTH - DOMINO, TULK EAST B ZONE, TULK SOUTH BOOMERANG, TULK EAST A ZONE, TULK LONG LAKE MAIN ZONE, SKIDDER, JAMES BAY LOWLANDS CLAIMS et PUKASKWA au Canada. Messina Min. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 754 980 CA$ (709 455 US$, 518 966 €). La valeur de son action a atteint son plus haut niveau récent le 30 décembre 2005 à 4,13 CA$, et son plus bas niveau récent le 01 février 2013 à 0,01 CA$. Messina Min. possède 12 583 000 actions en circulation. |