Messina Minerals Inc.

Published : May 21st, 2008

Messina Minerals Begins Drilling near Boomerang

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Copper | Gold | Lead | Silver | Zinc |
News Release Wednesday, May 21, 2008
Messina Minerals Begins Drilling near Boomerang

Messina Minerals Inc. (MMI-TSXV) has commenced drilling on the Tulks South project in Newfoundland, Canada with two drill rigs operating. An expanded Titan 24 geophysical survey covering targets within the Tulks South project has begun. Messina has set an exploration budget of $4-million from cash on hand for continuous drilling from May to December 2008.

Drilling
Drilling has begun using two drill rigs with the objective of testing newly identified anomalies from Titan 24 'deep earth imaging' geophysics surveying (see NR May 5, 2008). A minimum of 15,000 meters of exploration drilling is expected to be completed by year-end.

The first drill is testing a geologically anomalous area 2 kilometers along strike from Boomerang where Messina has found boulders of massive sulphides containing 2.2% copper with 42 g/t silver and coincident with copper-lead-zinc mineralized altered outcrops similar to those seen near Boomerang. This target has not yet been surveyed with Titan geophysics. Messina is drilling three shallow holes here to attempt to find the copper source; follow-up Titan surveying will be used to target deeper levels.

All remaining drill targets were identified by the Titan 24 geophysical orientation survey (see NR May 5, 2008). The Titan orientation survey directly detected Boomerang and Domino zinc-lead-copper-silver-gold massive sulphide lenses which are considered to have formed as parts of one originally larger deposit that has been fragmented. The survey also detected new anomalies with similar geophysical signatures along the Boomerang horizon.

The second drill is targeting an anomaly that has similarities to the Boomerang deposit Titan signature and is coincident with gravity and electromagnetic "EM" and lithogeochemical anomalies in an area of outcropping stringer zinc-sulphides containing up to 8% Zn.

Additional drilling will continue to test other Titan targets with one to three drill holes at first pass. This 'anomaly test' phase will take approximately one month to complete. Follow-up drilling will be guided by results, plus the information gained from the new expanded Titan survey which is just underway.

Geophysics
Results from 7 line kilometers of Titan 24 geophysical surveying were recently reported (see NR May 5, 2008). An expanded Titan 24 survey totaling 62 line kilometers has begun. The survey will cover a broader region of the Tulks South project targeting extensions of the Boomerang horizon and other parallel prospective trends. Messina has contracted a geophysicist to be based at the Boomerang camp to process data as it is acquired. Messina expects to target high-priority anomalies as they are identified from the new survey work. The survey is expected to take over a month to complete.

Exploration Program
Messina has budgeted $4 million from cash on hand for drilling and geophysical surveying during 2008. The drill program will focus on testing new targets generated by geophysics coupled with a new understanding of the signatures of massive sulphide deposits specific to the Tulks South project.

Acknowledgement
The government of Newfoundland and Labrador Department of Natural Resources has provided financial assistance to Messina of $100,000 for the 2007 Boomerang and Zinc Zone area 'advanced mineral project' drill program under the Junior Exploration Assistance component of the province's Mineral Incentive Program. More information on this program is provided at http://www.nr.gov.nl/mines&en/programs/jea.

About Messina
As reported June 21, 2007, the Tulks South project hosts an NI43-101 compliant indicated mineral resource of 1,364,600 tonnes grading 7.1% zinc, 3.0% lead, 0.5% copper, 110 g/t silver and 1.7 g/t gold plus an additional inferred mineral resource of 689,300 tonnes grading 6.5% zinc, 2.8% lead, 0.4% copper, 95 g/t silver, and 1.0 g/t gold at the combined Boomerang and adjacent Domino deposits (Snowden, 2007).

Messina Minerals Inc. is exploring for zinc-lead-copper-silver-gold massive sulphide deposits in central Newfoundland in a region known historically for its zinc resources. Messina's strategy is to discover zinc-copper mineralization that is additive to the Company's zinc-lead-copper-silver-gold resource base.

Kerry Sparkes, P.Geo., Vice President of Messina Minerals Inc. is the Qualified Person responsible for exploration on the Company's properties in central Newfoundland and who has reviewed and is responsible for the technical data contained in 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.

--- 30 ---

For further information
Please contact:
Peter Tallman, President or Carey Livingstone, Corporate Communications
(604) 688-1508
Fax: (604) 601-8253
Email: info@messinaminerals.com
Website: www.messinaminerals.com
 
 
Corporate | News Releases | Projects | Investors | Contact Us | Home | , 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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Messina Minerals Inc.
Annual Report 2007
Financings of Messina Minerals Inc.
10/15/2009Closing of Private Placement
9/25/2009Announces Private Placement
6/8/2009Closing of Private Placement
9/28/2007Closes $7 Million Private Placement
9/20/2007 Announces $7 Million Private Placement
Project news of Messina Minerals Inc.
12/20/2013Canadian 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...
1/9/2012Drilling Update at Brook Zone, Victoria Property
12/16/2011Commences Drilling at Brook Zone, Victoria Property
10/24/2011Commissions 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...
9/10/2007Drilling Results at Long Lake East
9/6/2007Domino, Hurricane, and TouchDown Drilling Results
8/23/2007(Long Lake)Initial Drilling Results at Long Lake
8/8/2007Intersects 6.54 meters of 2.8% Copper, 2.4% Zinc at Skidder
7/12/2007Intersects 5.75 meters of 2.7% Copper, 0.9% Zinc at Skidder
6/13/2007Agrees to Acquire Victoria River Property from Altius Resour...
6/12/2007Infill 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...
5/8/2007Discovers New Massive Sulphide Zone at TouchDown
4/20/2007Intersects Boomerang: 6.8 meters of 18.0% Zinc, 4.4% Lead, 0...
Corporate news of Messina Minerals Inc.
12/17/2013Shareholders Approve Arrangement
10/22/2013Announces Update on Agreement with Canadian Zinc
9/12/2013CANADIAN ZINC AND MESSINA MINERALS ANNOUNCE AGREEMENT ON PRO...
2/19/2013Share Consolidation
1/24/2013Announces Share Consolidation; Adoption of Advance Notice Po...
2/21/2012Intersects 5.5% Copper over 4 meters at Brook Zone, Victori...
4/14/2011to Acquire New Victoria Copper Properties, Central Newfoundl...
5/21/2008Messina Minerals Begins Drilling near Boomerang
5/7/2008Launch New Website
2/29/2008Results of AGM
1/3/2008Drills 7.3 m of 16.9% Zinc, 2.8% Lead, 1.0% Copper at Long L...
11/21/2007Drills 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...
10/4/2007Drilling Long Lake
10/3/2007 Drilling Tulks East
9/27/2007option to acquire an interest in Messina's Long Lake Reid Lo...
6/21/2007Reports Mineral Resources at Boomerang/Domino, Newfoundland
5/31/20072007 Exploration Program
4/5/2007Resource and Exploration Updates
3/15/2007Increases "Hurricane" Thickness: 15.3 meters of 13.0% Zinc, ...
2/24/2007welcomes Mr. Gordon Ulrich to theposition of DirectorCorpora...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (MMI.V)Other OTC (MMIPF)
0.060+0.00%0.020+100.00%
TSX-V
CA$ 0.060
12/20 15:52 -
0%
Prev close Open
0.060 0.060
Low High
0.060 0.060
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.060 -%
Volume 1 month var.
3,780 -%
24hGold TrendPower© : 31
Produces
Develops
Explores for Copper - Gold - Lead - Molybdenum - Silver - Uranium - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 12/1/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.07-2.62%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.21-2.21%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.42-1.72%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 0.92-3.36%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.78+1.16%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.04+16.67%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 3.67+0.55%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 10.48-0.95%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.36-6.41%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.18-10.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.15-1.38%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 48.33+4.79%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+3.23%Trend Power :