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Re: News Releases - Thursday, April 05, 2007
Messina Minerals ("MMI") Resource and Exploration Updates
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SUMMARY
The Boomerang resource estimate from Snowden, expected in April 2007,
will now be available in June 2007. This allows Messina time to
complete 8 infill drill holes intended to change the mineral inventory
classification in certain areas of Boomerang from lower confidence
'inferred mineral resources' to higher confidence 'indicated mineral
resources' by decreasing the spacing between drill holes to within 50
meters apart.
The 60 day delay also allows Messina to expand the scope of Snowden's
resource estimation to include Domino and Tulks East B Zone mineralized
areas. Resource estimation for the western portion of the Domino
mineralized zone only has begun, as has estimation of the Tulks East B
Zone mineralization. These are expected to be available from Snowden in
June 2007.
BOOMERANG RESOURCE ESTIMATE UPDATE
Messina contracted Snowden Mining Industry Consultants Inc. ("Snowden")
(see NR December 19, 2006) to conduct a resource estimate on, and
prepare a NI43-101 Technical Report for, the Boomerang
zinc-lead-copper-silver-gold deposit located in Newfoundland, Canada.
Messina has received a draft report from Snowden documenting
methodologies used to determine mineral resource boundaries at
Boomerang. Based upon data from 67
Diamond drill holes and using a tool
called "kriging efficiency" among others, Snowden estimates that 67% of
Boomerang is classifiable as indicated mineral resource, and 33% is
classifiable as inferred mineral resource.
The classification of 'indicated' versus 'inferred' mineral resources
is dependent primarily upon drill hole spacing: where drill hole
spacing between pierce points is 50 meters or less, the Boomerang
mineralization is estimated to be an "indicated mineral resource", as
compared to the lower-confidence category of "inferred mineral
resource" where drill spacing is greater than 50 meters or less. The
addition of 8 infill drill holes, designed to bring the drill spacing
to 50 meters or less in key areas at Boomerang, could change most of
the inferred mineral resource to the higher confidence indicated
mineral resource category.
Messina's objective is to obtain the highest 'confidence' mineral
resource estimate for Boomerang which, when combined with metallurgical
test results underway at Lakefield Research, can be used (with fewer
assumptions) to better constrain economic parameters of 'scoping'
studies expected to be undertaken in 2007/2008.
The infill drill program at Boomerang is now in progress using one
drill and is anticipated to be complete in May 2007. Snowden will
update the Boomerang resource estimate with results from the infill
program and the completed resource estimate is expected in June 2007.
Domino Resource Estimation Begins
Messina has expanded the scope of Snowden's resource estimation to
include that portion of Domino that has sufficient drilling to
demonstrate continuity of mineralization with economically interesting
grades. The completion of the preliminary Domino resource estimate is
anticipated in June 2007. Exploration drilling at Domino will continue
with the objective of discovering extensions to this base metal
mineralization that can, in time, be added to the developing mineral
resource.
Tulks East B Zone Resource Estimation Begins
The Tulks East "B Zone" is located 20 kilometers northeast of
Boomerang/Domino also within Messina's Tulks South Property. The B Zone
is one of several zones of base metal mineralization identified in the
1970's on Messina's properties for which an historical resource
estimate was produced. The historical estimate of B Zone mineralization
from surface to 200 meters vertical depth yielded 200,000 tonnes
grading 8.7% zinc, 1.3% lead, 0.7% copper, 59 g/t silver, and 0.14 g/t
gold (Barbour and Thurlow, 1982; as cited in Dearin, 2006 NI43-101
Report on the Tulks South Property; available on Sedar and from
Messina's website). This is an historical estimate of mineralization
only, is non-compliant with current NI43-101 standards, and should not
be relied upon as estimates of absolute tonnage and grade. Messina
completed 5 holes in 2004 at the B Zone which successfully intersected
and confirmed similar base metal mineralization from surface to 70
meters vertical depth. Lakefield Research completed preliminary
metallurgical tests in 2005 on B Zone mineralization; these tests were
positive. Full results are available from Sedar or Messina's website.
All B Zone holes have been compiled into one database; geotechnical
testing has been completed on Messina's 2004 drill core, and this data
has been submitted to Snowden. A NI43-101 compliant resource estimate
for the B Zone is anticipated for June 2007.
Other Historical Resources
Messina is working to upgrade other zones of base metal mineralization
with historical resource estimates on its properties to current
NI43-101 standards for inclusion in the Company's developing mineral
inventory. These other historic resource estimates include the Skidder
'deposit', the Tulks East A Zone, the Tulks East C Zone, and the Long
Lake Main Zone. The Skidder and Main Zone mineralized areas are planned
to be drill tested in 2007.
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 327 square kilometer area of Messina's central Newfoundland mineral
land holdings. The region is historically known as prospective for
zinc-rich 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, 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 Thu Apr 5, 2007 at 11:05:04 AM Pacific Time
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