Vancouver, BC - January 19th, 2009 - Full Metal Minerals Ltd. (FMM-TSX:V) is pleased to announce the results of an extensive surface mapping, rock and soil sampling program from the 100% owned Nadaleen Zinc-Lead-Silver Project, Yukon.
The Nadaleen Project area comprises six prospects staked by Full Metal, targeting carbonate-replacement style deposit (CRD) hosting widespread silver-lead-zinc mineralization.
High grade mineralization was 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. A total of 118 soil samples were collected in reconnaissance traverses, returning multiple anomalous areas; silver values range from trace to 4.1 g/t Ag, averaging 0.8 g/t, lead values range from 12 to 2,200 ppm Pb, averaging 299 ppm and zinc values range from 72 to 7,150 ppm Zn, averaging 911 ppm. Rock samples are mostly chip and grab samples collected through prospecting.
This new occurrence of high-grade mineralization is Full Metal's second grass-root silver-lead-zinc discovery in the Yukon during 2008. The Company recently announced results from the Angie-Cat SEDEX program (see FMM NR# 2009 - 01, January 6th, 2009).
Mineralization at the DF prospect is dominantly breccia and replacement style pyrite, sphalerite and galena with local chalcopyrite. Samples are also anomalous in arsenic and antimony; gold was not analyzed, however samples are being run for gold content. All prospects occur within a sequence of platformal Proterozoic carbonates. Large zones of secondary dolomitization occur proximal to mineralized zones.
At the CYP Prospect, work completed during 2008 outlined a >150 meter wide, 5,500 meter long multi-element soil anomaly (>50 ppm Pb, >1000 ppm Zn). Mineralized float has been traced for over 6,700 meters in the upper portions of a late Proterozoic dolomite. One drill hole completed at the CYP prospect in 1973 reportedly intersected 8.3% Zn over 23.8 meters. Additional historic holes reportedly failed to reach their target depths due to mechanical problems. Soil samples were collected on a 50 meters by 200 meter grid, and the CYP is open to expansion to the east. During the summer of 2008, 891 samples were collected; soil samples range from 11 to 36,300 ppm Zn, average 834 ppm Zn and 27 to 2,250 ppm Pb, average 91 ppm Pb.
Prospecting, mapping and soil sampling were also completed on several other targets at the Nadaleen Project. Maps with soil and rock sampling results can be reviewed at
www.fullmetalminerals.com.
The Nadaleen Project area occurs within one of the most extensive regions of CRD identified worldwide. Hundreds of CRD occurrences have been identified in the Platformal Carbonates of the Eastern Yukon and Western NWT, including the Goz Deposit, currently being explored by Tarsis Capital Corp. Minimal exploration has been performed in this area since the 1970's. Full Metal intends to follow-up this discovery with further surface exploration and
Diamond drilling.
Full Metal's 2008 exploration program was supervised by Robert McLeod, P.Geo., Vice President Exploration, for Full Metal Minerals Ltd., a Qualified Person as defined by NI 43-101, who has prepared and approved the information contained in this release. Soil samples were collected by experienced technicians, and placed in sealed bags for shipment to the ALS-Chemex Labs facility in Vancouver, B.C. for analysis. A sample quality control/quality assurance program was implemented.
Full Metal is a generative exploration company with multiple precious and base metal projects in Alaska and the Yukon. Full Metal is completing a bulk sample to confirm the continuity of high-grade gold mineralization within the Lucky Shot shear. The Company has Joint Venture Agreements with Kinross Gold, Freeport McMoRan, BHP Billiton, Mosam Capital, Triex Minerals, Altair Ventures, Highbury Projects, and Ashburton Ventures Inc.
ON BEHALF OF THE BOARD OF DIRECTORS"Michael Williams"
Michael Williams
President and Director
Contact: Jeff Sundar
Manager, Investor Relations
Suite 1500, 409 Granville Street, Vancouver, BC V6C 1T2
Telephone: 604-484-7855 Fax: 604-484-7155
Email
info@fullmetalminerals.com www.fullmetalminerals.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.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.
You can also view this News Release on our website at:
http://www.fullmetalminerals.com/s/NewsReleases.asp?ReportID=334777