Messina Minerals Inc. to Acquire New Victoria Copper Properties, Central Newfoundland
Published : April 14, 2011
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Keywords :   Canada | Copper | Diamond | Gold | Lead | Market | Silver | Zinc |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 14, 2011) - Messina Minerals Inc. (News - Market indicators) has agreed, subject to regulatory approval, to acquire by purchase a 100% interest in a total of 2,950 hectares covering the north-eastern portion of the Tulks Volcanic belt located in central Newfoundland, Canada. Three contiguous properties are being acquired: the Sutherlands and Hungry Hill properties jointly from Merrex Gold Inc. ("Merrex") and Celtic Minerals Limited ("Celtic") in one agreement, and the Victoria Mine properties from Celtic in a parallel agreement.

The new claims are contiguous with and significantly add to Messina's 'Victoria' Project which now is comprised of 64 square kilometres of mineral lands prospective for copper-enriched volcanogenic hosted massive sulphide ("VHMS") deposits located approximately 20 kilometers from the Duck Pond copper-zinc mine and 1,800 tonnes per day mill owned by Teck Corporation.

The Victoria Mine property includes the turn-of-the-century copper mine which reportedly (from NF government records) produced some 60,000 tonnes of between 3% and 10% copper at the time (historic estimate). Near surface drilling from the 1950's to the 1980's by Asarco-Abitibi and also BP-Selco reportedly intersected copper and zinc sulphide mineralization. Work by Noranda in the 1990's focused on deep drilling widely spaced stratigraphic holes. Celtic acquired a 100% interest from Noranda in 1999 and focused exploration on documenting the along-strike potential of the productive horizon and identifying drill targets. During due diligence, Messina collected one grab sample of copper mineralization from old mine dump material which assayed 11.3% copper and 24 g/t silver.

The Hungry Hill and Sutherlands properties are contiguous with the Victoria Mine property and each host zinc-copper mineralized zones regionally correlative to the historic Victoria Mine prospective horizon.

Victoria Mine Agreement

The Victoria Mine property is comprised of 850 hectares held under mineral licence 17410M plus three Fee Simple mining grants originating circa 1915. Celtic has agreed to assign its 100% interest in the Victoria Mine property to Messina in consideration for the issue and delivery of 1,000,000 shares of Messina within 5 business days of receipt of regulatory approval. Noranda Inc. (now Xstrata) retains an underlying 2% net smelter return royalty interest.

Hungry Hill – Sutherlands Agreement

The Hungry Hill – Sutherlands property is comprised of 2,100 hectares held under mineral licences 6711M and 17104M. Celtic and Merrex have each agreed to assign 100% of their respective joint interests in the property to Messina in consideration for the issue and delivery of 500,000 shares of Messina within 5 business days of receipt of regulatory approval to each of Celtic and Merrex. Celtic and Merrex shall each retain a 1% net smelter returns royalty interest on the property; Messina shall be entitled to purchase at any time one-half (1/2) of the royalty (i.e. a royalty equal to one half of one percent of net smelter returns) from each of Celtic and Merrex in consideration of the payment of $500,000 for each one half of one percent purchased.

Each of the Victoria Mine and Hungry-Hill Agreements are subject to approval by the TSX Venture Exchange.

Upon completion of these acquisitions, Messina's Victoria Project will include several significant zones of copper mineralization in proximity to Teck's Duck Pond mine and mill.

Further Work

Upon acquisition and integration of data pertaining to these projects with Messina's own extensive database, exploration work planned for 2011 is expected to include examination of historical copper showings, mapping and prospecting of the stratigraphy, and location and surveying of prior drill collars, grids, and other features with the objective of confirming drill targets. A phase of follow-up Diamond drilling is anticipated to follow up results.

Peter Tallman, CEO states, "The acquisition of the Victoria Mine, Hungry Hill, and Sutherlands property package adds a highly prospective area to Messina's land position in central Newfoundland. Celtic and Merrex have explored these properties diligently and have identified prospective areas that have similarities to Messina's Boomerang deposit. We welcome Celtic and Merrex as shareholders in Messina."

About Messina

Messina Minerals Inc. is a leading explorer for zinc-lead-copper-silver-gold massive sulphide deposits in Newfoundland, Canada on our extensive 450 square kilometer mineral lands, in a region known historically for its copper and zinc resources and where the Company has made massive sulphide discoveries including "Boomerang" and "Domino". See our website for more information.

Peter Tallman, P.Geo., CEO of Messina Minerals Inc. is the Qualified Person 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.

Messina Minerals Inc.
Peter Tallman
President
(604) 688-1508
(604) 601-8253 (FAX)
info@messinaminerals.com
www.messinaminerals.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Messina Minerals Inc.

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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, SUTHERLANDS POND, HUNGRY HILL, HEALY BAY, TOPSAILS PROJECT, DANIELS HARBOUR, BOBBY'S POND PROJECT, VICTORIA RIVER PROJECT, COSTIGAN LAKE PROJECT, HAVEN STEADY PROPERTY, LONG LAKE, YORK HARBOUR, TULKS SOUTH - HURRICANE, SKIDDER, TULK SOUTH - DOMINO, TULK LONG LAKE MAIN ZONE, TULK SOUTH BOOMERANG, TULK EAST A ZONE, TULK EAST B ZONE, PUKASKWA and JAMES BAY LOWLANDS CLAIMS 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.

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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...
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