Windarra Minerals Ltd.

Published : January 03rd, 2008

Acquires Mishi Leases and Royalty to Expand Ontario properties

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WINDARRA MINERALS LTD. (TSX.V – WRA)

2300 – 1066 West Hastings Street, Vancouver, BC, V6E 3X2

Tel:  (604) 688-1508        Fax:  (604) 601-8253

 

News Release                                                                                                                         January 3, 2008

 

 

Windarra Acquires Mishi Leases and Royalty

to Expand Ontario Properties

 

Windarra Minerals Ltd. (the “Company”) has entered into an agreement to acquire a 100% interest in two mining leases, as well as a royalty in respect to ore mined and milled from a third crown mining lease from Messina Minerals Inc. (“Messina” as to 60%) and MacMillan Gold Corp. (“MacMillan” as to 40%).  The mining leases are located in the Sault Ste. Marie Mining Division of Ontario near Wesdome Gold Mines’ Mishi Pit.  The royalty interest acquired from Messina and MacMillan provides for payment of $1.00/tonne for ore from open pit mining and $2.00/tonne for underground mining in excess of 700,000 tonnes mined and is payable to the Company by Wesdome. 

 

In consideration for this acquisition the Company will issue an aggregate of 400,000 common shares of its capital stock to Messina and MacMillan, subject to regulatory approval.

 

The Company’s objective is to consolidate these properties, along with its existing gold exploration holdings, into one larger package in the Magnacon-Mishi area.  (See reference location map attached).

 

Windarra holds a 100% interest in the Pukaskwa gold property, also located in the Sault Ste. Marie Mining Division of Ontario, and has completed an initial phase of diamond drilling on part of the West Aardvark grid known as the Middle Finger Lake zone.  All fourteen holes in the 824 metre program intersected the mineralized zone, and nine of the fourteen holes intersected significant mineralization, with the first five holes averaging 6.53 g/t (0.191 oz/t) gold over 3.87 metres (see News Release dated July 26, 2007).  The program has tested only a very limited portion of the anomalies, which have been traced continuously from the area of trenching and drilling for nearly a kilometer along strike.  Windarra plans to further drill-test the Middle Finger Lake and the Bonanza-Grade zone, which has not yet been drilled, as well as other targets on the property.

 

The Pukaskwa property is located 50 kilometres west of Wawa, Ontario, approximately 15 km north of Wesdome’s currently-producing Eagle River Mine.  The property, which consists of a belt of 55 contiguous unpatented mining claims spanning a length of over 13 km, also lies 20 km southwest of the formerly-producing Magnacon mine, in which Windarra holds an interest.  Like the Pukaskwa property, the Magnacon properties lie along the highly prospective Mishibishu gold belt. 

 

On behalf of the Board of

Windarra Minerals Ltd.

 

John Pallot

 

President

 

 

 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the

adequacy or accuracy of the content of this news release.


 

 

Susan Tessman

Corporate Secretary

 

Messina Minerals Inc.,

Windarra Minerals Ltd.,

Westward Explorations Ltd.

2300-1066 W. Hastings St.

Vancouver, B.C. V6E 3X2

Ph: 604.688.1508

Fx: 604.601.8253

 

Windarra Minerals Ltd.

CODE : WRA.V
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Windarra Min. is a gold exploration company based in Canada.

Windarra Min. holds various exploration projects in Canada.

Its main exploration properties are MAGNACON, JAMES BAY LOWLANDS CLAIMS and PUKASKWA in Canada.

Windarra Min. is listed in Canada. Its market capitalisation is CA$ 2.2 millions as of today (US$ 2.1 millions, € 1.6 millions).

Its stock quote reached its lowest recent point on December 09, 2002 at CA$ 0.01, and its highest recent level on December 22, 2005 at CA$ 0.55.

Windarra Min. has 36 847 000 shares outstanding.

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Financings of Windarra Minerals Ltd.
8/20/2010Windarra Minerals Ltd. Announces Private Placement
6/6/2007CLOSES PRIVATE PLACEMENT; DRILLING BEGINS ON PUKASKWA PROPER...
5/14/2007Arrange Private Placement
Nominations of Windarra Minerals Ltd.
5/18/2010Windarra Minerals Ltd. appoints consultant for Africa
Project news of Windarra Minerals Ltd.
7/17/2013Wesdome and Windarra Announce Letter of Intent Regarding Acq...
2/9/2011to Drill Mishi Leases Gold Targets
6/9/2009(Pukaskwa)Closing of Magnacon Purchase and execution of the Pukaskwa
10/26/2007(Valentine Lake (leprechaun)) Complete Results for Diamond Drilling of Windarra's Pukaskw...
8/8/2007(Valentine Lake (leprechaun))Channel Sampling with Metallic Screen Assaying Shows that Fi...
7/26/2007(Valentine Lake (leprechaun))First Five Drillholes Confirm Excellent Potential of Gold Mi...
Corporate news of Windarra Minerals Ltd.
10/1/2013Wesdome Gold Mines and Windarra Minerals Announce Closing of...
9/23/2013Shareholders Approve Business Combination With Wesdome
7/30/2013Wesdome and Windarra announce definitive agreement regarding...
6/9/2011(WRA.V) Intersects Broad Zones of Near-Surface Gold Minerali...
5/7/2008Sells shares of Westward Explorations Ltd.
2/29/2008Notice of Intention to Sell
1/3/2008 Acquires Mishi Leases and Royalty to Expand Ontario propert...
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