=======================================================================
Re: News Releases - Monday, November 02, 2009
Messina Minerals Inc. Acquires New Zinc Property at Daniels
Harbour NL
=======================================================================
P R E S S R E L E A S E
November 2, 2009
Messina Minerals Inc. Acquires New Zinc Property at Daniels Harbour NL
Vancouver, BC, November 2, 2009 - Messina Minerals Inc. (TSX-V:MMI) has
acquired an additional 101 claims totaling 2,525 hectares area by
staking at the Daniels Harbour Property located in western
Newfoundland, Canada. Messina acquired its original Daniels Harbour
property by staking 80 claims totaling 2,000 hectares area (see NR 27
April, 2009). The Daniels Harbour property package now totals 181
claims of 4,525 hectares in area owned 100% by Messina.
The property includes the site of the former Daniels Harbour zinc mine
operated by Teck Corporation which produced approximately 7 million
tonnes of ore grading 8% zinc with by-product cadmium credits from 1975
to 1990. The sulphide ore mineralization is described to consist
almost entirely of sphalerite which allowed excellent (98%) zinc
recoveries and produced a premium grade (63%) zinc concentrate (Teck,
1981) during the life of mine. The mineralization at Daniels Harbour
is described as "Mississippi-Valley Type" hosted by Ordovician age
carbonate rocks.
The new claims were identified and staked as a result of ongoing
preliminary compilation of historical drilling and assay intersections
contained in Teck's assessment filings (1975-1990; some assays reported
below in vertical holes drilled from surface) adjacent to the former
mine workings and in regional exploration programs. The claims cover a
number of zinc prospects including:
Black Duck Zone:
Defined by 400 foot spaced drill lines over a 1200 foot strike length,
including hole 2006 which intersected 12.13% Zn over 4.5 ft from
108.9-113.4 ft.
Muddy Brook Zone:
Defined by 400 foot spaced drill lines over a 1200 foot strike length,
including hole 1397 which intersected 27.25% Zn over 1.4 ft from
357.3-358.7 ft.
The Daniels Harbour property is transected by numerous paved and gravel
roads which supported the former mine and remain in good condition.
Two powerlines also transect the property. The property is 5 km from a
provincial highway and 10 km from the coastal community of Daniels
Harbour.
On-going Work:
A reconnaissance program evaluating the newly claimed areas is
underway. The objective is to locate and verify drill collars, surface
outcrops and mineralization, and old mine grid or local grid control
points to accurately integrate this information into Messina's
developing geological compilation.
Compilation of historical drilling and assay intersections adjacent to
the former mine workings is continuing, and the scope has expanded to
include all regional drill holes and results. The overall objective is
to identify prospective areas for similar zinc mineralization adjacent
to the former Daniels Harbour mine workings and regionally.
Recommendations for further work in 2010 will be based upon the results
of data compilation.
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
=======================================================================
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 Mon Nov 2, 2009 at 6:13:09 AM Pacific Time
=======================================================================
.
|
Messina Minerals Inc.
|
|
EXPLORATION STAGE |
CODE : MMI.V |
|
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Messina Min. is a zinc and lead exploration company based in Canada. Messina Min. holds various exploration projects in Canada. Its main exploration properties are 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 and PUKASKWA in Canada. Messina Min. is listed in Canada and in United States of America. Its market capitalisation is CA$ 754 980 as of today (US$ 709 455, € 518 966). Its stock quote reached its highest recent level on December 30, 2005 at CA$ 4.13, and its lowest recent point on February 01, 2013 at CA$ 0.01. Messina Min. has 12 583 000 shares outstanding. |