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Re: News Releases - Monday, August 10, 2009
Messina Minerals Inc. Prospecting Results at Haven Steady, NL
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P R E S S R E L E A S E
August 10, 2009
Messina Minerals Inc. Prospecting Results at Haven Steady, NL
Vancouver, BC, August 10, 2009 - Messina Minerals Inc. (TSX-V:MMI) has
received assay results from surface sampling on the Haven Steady
Property located in central Newfoundland, Canada. Messina may earn a
100% interest in the Haven Steady Property by expending $600,000 in
exploration by June 2014.
The objective of the initial reconnaissance program was to locate the
bedrock source of two separate copper-in-soil anomalies identified by
Noranda in the 1980's which have not been explained or tested by
diamond drilling. The discovery of copper mineralization may be
economically interesting as the Haven Steady property lies 15 km south
of the operating Duck Pond copper-zinc mill.
Summary:
Two samples of outcropping felsic sub-volcanic porphyry assayed 6.6%
copper and 9.0% copper respectively. Both samples contain chalcopyrite
and bornite. The felsic porphyry is interpreted to represent the
feeder to the massive sulphide system and the amount of copper
mineralization it contains is a positive exploration indicator.
The initial prospecting survey to assess the copper soil anomalies
indicates there is potential for a copper-enriched massive sulphide
zone along strike from zinc-lead enriched massive sulphides
historically identified on the Haven Steady property.
Work Results:
Compilation of previous surface exploration results is complete.
Compilation of historical drilling results in the center of the
property which targeted the zinc-lead soil anomaly is nearing
completion.
Previous work by Asarco (1960's) and Noranda (1980's) identified a 1.6
km long soil anomaly on Messina's Haven Steady property. The soil
anomaly is zoned. The western portion is copper-enriched and extends
150 meters in length and is untested. The central portion is zinc- and
lead-enriched and extends over 800 meters in length. Noranda tested
the zinc-lead portion of the soil anomaly with twelve widely spaced
drill holes of which six intersected economically interesting zinc-lead
bearing massive sulphides over a strike length of 600 meters and to a
vertical depth of 375 meters, and ten of eleven holes intersected wide
zones of anomalous zinc-lead mineralization. The eastern portion of
the soil anomaly is copper-enriched and extends 400 meters in length
and is untested.
Prospecting efforts by Messina targeted the eastern and western
copper-in-soil anomalies. A total of 47 samples were all collected
from outcrop or 'in-place' subcrop.
Eastern Copper Anomaly
A total of 7 samples were collected from a 50 meter area within the 400
meter long eastern copper soil anomaly. One sample contained only
sphalerite mineralization and assayed 1.8% zinc. Two samples assayed
6.6% copper and 9.0% copper and contained both chalcopyrite and
bornite. The remaining four samples assayed between 0.9% copper and
2.4% copper and contained only chalcopyrite hosted by stockwork within
altered tuffaceous felsic volcanics.
The samples containing bornite with chalcopyrite were from an
outcropping felsic subvolcanic porphyry unit containing coarse 5-20cm
stringers of copper-silica stockwork. This is interpreted to be a
copper-enriched sub-volcanic feeder to the Haven Steady zinc-lead
massive sulphide however no significant amount of copper has been
intersected to date in previous drilling, which has not tested the
prospective areas with copper-in-soil anomalies.
Western Copper Anomaly
A total of 40 were collected from the western copper soil anomaly of
150 meter length. Of the 40 samples, 12 samples assayed between 0.5%
copper and 2.9% copper and contain chalcopyrite mineralization in
stockwork within altered tuffaceous felsic volcanics.
The initial prospecting survey to assess the copper soil anomalies
indicates there is potential for a copper-enriched massive sulphide
zone along strike from the zinc-lead enriched massive sulphides
historically identified on the Haven Steady property.
On-going Work:
Prospecting and mapping programs continue in the area of the eastern
copper soil anomaly with the objective of locating more copper
mineralization and tracing the extent of the sub-volcanic porphyry.
Compilation of historical drilling is nearing completion. The overall
objective is to identify initial drill targets on the property in the
latter part of 2009.
History
The Haven Steady Property covers the Haven Steady zinc-lead massive
sulphide prospect and associated soil anomaly documented by Noranda in
the 1980's. The six holes which intersected massive sulphide
mineralization at the Haven Steady prospect assayed (from west to east,
as reported by Noranda, 1990):
0.7% copper, 0.2% lead, 6.5% zinc over 1.0 meters (HS88-06)
0.1% copper, 2.7% lead, 9.8% zinc over 3.5 meters (HS88-07)
0.3% copper, 1.3% lead, 4.5% zinc over 2.1 meters (HS88-02)
0.9% copper, 1.3% lead, 6.2% zinc over 3.0 meters (HS88-03)
0.2% copper, 2.3% lead, 8.6% zinc over 2.0 meters (HS88-05)
0.1% copper, 6.3% lead, 4.1% zinc over 1.8 meters (HS86-87)
The Haven Steady prospect remains open at both ends going towards the
two copper in soil anomalies, and at depth.
The mineralization at Haven Steady is described as volcanogenic massive
sulphide of the "Kuroko type" and is reported by Noranda to be
barium-enriched. The Haven Steady property lies 15 km south of the
producing Duck Pond copper-zinc mine and mill and approximately 75 km
northeast of Messina's "Boomerang" deposit on the Tulks South Property.
Sample Protocols
All samples were photographed and tested using a magnetic
susceptibility meter. Samples were submitted to Eastern Analytical of
Springdale, NF for analysis. All samples were assayed for gold by fire
assay -- atomic absorption finish. All samples were also analyzed for
34 elements by ICP (inductively coupled plasma). 'Over-limit' results
using the ICP method were analyzed by assay techniques standard to that
element. Pulps and coarse rejects from these samples have been
retained. Messina uses protocols standard to the industry and
professional QA/QC procedures for assaying including the use of
laboratory standards, blanks, and duplicates, the retention of pulps
and coarse rejects, and the maintenance of chain-of-custody among other
procedures.
About Messina
Messina Minerals Inc. is exploring for zinc-lead-copper-silver-gold
massive sulphide deposits in central Newfoundland, Canada on its
extensive 410 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 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 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
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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 Aug 10, 2009 at 8:36:40 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. |