| | Published : June 13th, 2007 | Agrees to Acquire Victoria River Property from Altius Resources Inc. |
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News Releases - Wednesday, June 13, 2007
Messina Minerals ("MMI") Agrees to Acquire Victoria River
Property from Altius Resources Inc.
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Messina Minerals Inc. has agreed to acquire the Victoria River
zinc-copper massive sulphide property located in central Newfoundland,
Canada from Altius Resources Inc. ("Altius")
of St. John's,
Newfoundland. Altius' Victoria River Property is comprised of two
licences encompassing 59 claims totaling 1,475 hectares in area and is
adjacent to Messina's
wholly owned Victoria Mine Property comprised of
900 hectares acquired by staking.
The Victoria River Property is located 35 km northeast of Messina's
Tulks South Property in central Newfoundland
which hosts the Boomerang
zinc-lead-copper-silver-gold deposit currently the subject of an
NI43-101 compliant resource estimation by Snowden Mining Industry
Consultants Inc. The Victoria River Property is located 1 kilometer
east of the Bobby's Pond zinc-copper massive sulphide deposit with a
NI43-101 compliant mineral resource estimate hosting an indicated
resource of 840,000 tonnes grading 6.30% Zn, 0.93% Cu, 0.53 Pb%, 20 g/t
Ag and minor 0.25 g/t Au; and an inferred resource of 480,000 tonnes of
6.36% Zn, 1.07% Cu, 0.38 Pb%, 15 g/t Ag and 0.18 g/t Au (Scott Wilson
RPA, January 2007 for Mountain Lake Resources Inc.). The Victoria
River Property is also
located 18 kilometers southeast of and has
similar geologic characteristics to the world class Buchans deposits
where ASARCO and Abitibi Price mined a total of 16.2 million tonnes
grading 14.5% zinc, 7.6% lead, 1.3% copper, 126 g/t silver and 1.4 g/t
gold.
The Victoria River Property hosts a mineralized debris flow unit which
contains base metal enriched massive sulphide clasts which assay 20.1%
zinc, 12.1% lead, 0.6% copper, 67 g/t silver and 0.3 g/t gold. Debris
flow units of this type are a favourable indication of nearby massive
sulphide deposits including several of the Buchans orebodies. Altius
has spent a total of approximately $550,000 on the property to date.
Including Messina's wholly owned claims, the
property covers a 10
kilometer strike length between Bobby's Pond and the Victoria River
debris flow outcrop. Several gravity and electromagnetic geophysical
anomalies, and soil geochemical anomalies, remain untested in the
vicinity of Bobby's Pond and in the vicinity of the mineralized debris
flow. Messina
plans an initial drill test of several of these
anomalies following data compilation and ground prospecting and
mapping.
To acquire the Victoria River Property, Messina
must issue 250,000
common shares to Altius. A 3% net smelter return royalty is payable to
Altius or pre-existing rights holders; 1.25% of the 3% can be purchased
by Messina at
any time by paying a total of $1.25 million. The
acquisition agreement is subject to regulatory approval.
About Messina
Messina is drilling zinc-lead-copper-silver-gold
enriched massive
sulphides adjacent to the Boomerang massive sulphide mineral resource,
within the Company's Tulks South Property located in central
Newfoundland, Canada. The Tulks South Property
represents a portion of
the now 342 square kilometer area of Messina's
central Newfoundland
mineral land holdings. The region is historically known as prospective
for zinc-rich massive sulphide deposits and home to the formerly
producing world-class base metal deposits at Buchans and currently home
to a producing zinc-copper mine at Duck Pond.
Kerry Sparkes, P.Geo., Vice President Exploration of Messina Minerals
Inc. is the Qualified Person responsible for exploration on the
Company's properties in central Newfoundland and the person responsible
for the technical data contained within this news release.
On behalf of the Board of Messina Minerals Inc.
"Peter Tallman"
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.
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Copyright (c) 2007 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 Jun 13, 2007 at 6:40:45 AM Pacific Time
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Messina Minerals Inc.
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EXPLORATION STAGE |
CODE : MMI.V |
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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. |
Annual reports of Messina Minerals Inc. |
Financings of Messina Minerals Inc. |
Project news of Messina Minerals Inc. |
12/20/2013 | Canadian Zinc Completes Messina Minerals Inc. Acquisition |
4/17/2012 | (Long Lake)Announces Filing of NI 43-101 Technical Report for the Long ... |
3/13/2012 | (Long Lake)Announces Initial Zinc Resource Estimate at the Long Lake Ma... |
1/9/2012 | Drilling Update at Brook Zone, Victoria Property |
12/16/2011 | Commences Drilling at Brook Zone, Victoria Property |
10/24/2011 | Commissions NI43-101 Resource Estimate on Main Zone, Centra... |
11/4/2009 | (Tulk South Boomerang)Identifies New Targets at Boomerang |
11/2/2009 | (Daniels Harbour)Acquires New Zinc Property at Daniels Harbour NL |
10/20/2009 | (Daniels Harbour)Grab Sample Results from Daniels Harbour NL |
8/10/2009 | (Haven Steady Property)Prospecting Results at Haven Steady, NL |
7/16/2009 | (York Harbour)Prospecting Results at York Harbour, NL |
5/5/2008 | (Tulk South - Domino)Positive Geophysics Results at Boomerang |
11/6/2007 | Boomerang Area Exploration |
11/1/2007 | Intersects 10.1% Zinc, 2.3% Lead, 0.5% Copper over 3.6 m at... |
10/22/2007 | Intersects 10.8% Zinc, 1.3% Lead, 0.7% Copper over 3.92 m a... |
9/10/2007 | Drilling Results at Long Lake East |
9/6/2007 | Domino, Hurricane, and TouchDown Drilling Results |
8/23/2007 | (Long Lake)Initial Drilling Results at Long Lake |
8/8/2007 | Intersects 6.54 meters of 2.8% Copper, 2.4% Zinc at Skidder |
7/12/2007 | Intersects 5.75 meters of 2.7% Copper, 0.9% Zinc at Skidder |
6/13/2007 | Agrees to Acquire Victoria River Property from Altius Resour... |
6/12/2007 | Infill Intersects Boomerang: 4.25 meters of 9.1% Zinc, 8.2% ... |
5/29/2007 | Infill Intersects Boomerang: 11.93 meters of 8.7% Zinc, 8.1... |
5/8/2007 | Discovers New Massive Sulphide Zone at TouchDown |
4/20/2007 | Intersects Boomerang: 6.8 meters of 18.0% Zinc, 4.4% Lead, 0... |
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Corporate news of Messina Minerals Inc. |
12/17/2013 | Shareholders Approve Arrangement |
10/22/2013 | Announces Update on Agreement with Canadian Zinc |
9/12/2013 | CANADIAN ZINC AND MESSINA MINERALS ANNOUNCE AGREEMENT ON PRO... |
2/19/2013 | Share Consolidation |
1/24/2013 | Announces Share Consolidation; Adoption of Advance Notice Po... |
2/21/2012 | Intersects 5.5% Copper over 4 meters at Brook Zone, Victori... |
4/14/2011 | to Acquire New Victoria Copper Properties, Central Newfoundl... |
5/21/2008 | Messina Minerals Begins Drilling near Boomerang |
5/7/2008 | Launch New Website |
2/29/2008 | Results of AGM |
1/3/2008 | Drills 7.3 m of 16.9% Zinc, 2.8% Lead, 1.0% Copper at Long L... |
11/21/2007 | Drills 15.7% Zinc, 2.7% Lead, 3.8% Copper over 2.1 m at Long... |
11/19/2007 | Retains Investor Relations Firm |
10/30/2007 | Discovers 12.3% Zinc, 0.9% Lead, 1.7% Copper over 5.35 m at... |
10/4/2007 | Drilling Long Lake |
10/3/2007 | Drilling Tulks East |
9/27/2007 | option to acquire an interest in Messina's Long Lake Reid Lo... |
6/21/2007 | Reports Mineral Resources at Boomerang/Domino, Newfoundland |
5/31/2007 | 2007 Exploration Program |
4/5/2007 | Resource and Exploration Updates |
3/15/2007 | Increases "Hurricane" Thickness: 15.3 meters of 13.0% Zinc, ... |
2/24/2007 | welcomes Mr. Gordon Ulrich to theposition of DirectorCorpora... |
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