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Full Metal Minerals Ltd

Publié le 23 avril 2008

Commences 15,000 Meter Drill Program at 40 Mile Zinc-Lead-Silver Project

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Mots clés associés :   Canada | Copper | K Street | Zinc |
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Suite 1500 - 409 Granville Street   Vancouver, BC   Canada V6C 1T2   Tel: 604.484.7855   Fax: 604.484.7155
 
 
FOR IMMEDIATE RELEASE Tuesday, April 22, 2008
(FMM 2008-NR #09)
 

Full Metal Commences 15,000 Meter Drill Program at 40 Mile Zinc-Lead-Silver Project

Vancouver, BC - April 22, 2008 - Full Metal Minerals Ltd. (FMM-TSX:V) is pleased to announce that drilling has commenced at the Forty Mile Project in east-central Alaska. Full Metal has scheduled 15,000 meters of drilling using two core rigs targeting high-grade CRD (carbonate replacement deposits). At the high-grade LWM deposit, the company has allocated 10,000 meters for infill and step-out drilling. Full Metal has also allocated 5,000 meters to test new occurrences and prospects on the 235,376 acre Property.

Drill results from the 2007 program at LWM included 44.6 meters averaging 15.9% Zn, 5.3% Pb and 76.6 g/t Ag, 15.6 meters averaging 21.2% Zn, 8.7% Pb, and 127.0 g/t Ag, and 6.48 meters averaging 464.2 g/t Ag, 31.6% Zn, 11.3% Pb and 1.41% Cu (see FMM NR#17 dated July 30th 2007). Drilling to date has encountered massive sphalerite/galena/chalcopyrite mineralization over 300 meters of strike length, and over 200 meters below surface and remains open for expansion in all directions. Complete drill results and a plan map of holes can be viewed at www.fullmetalminerals.com.

The LWM discovery and the Fish oxide zinc-silver discovery, as well as the Oscar, Eva, Drumstick, Lead Creek and Champion prospects and numerous other showings and anomalies occur within a 90 kilometer long trend of CRD-style prospects, the majority of which have never been drill tested. Reconnaissance drilling on new targets will include the Eva and Drumstick Prospects. At Eva, 2007 results (see FMM #19NR August 13, 2007) from 14 mineralized rock samples of CRD style mineralization averaged 957 g/t Ag, 23.6 % Zn, 12.6% Pb, and 0.9% Cu. At Drumstick, three samples of mineralized rock were collected from prospect pits. Two of these samples returned 21.6% Zn, 19.1% Pb, 222 g/t Ag and 11.6% Zn, 8.1% Pb and 863 g/t Ag, in addition to anomalous gold and copper. Drumstick occurs within a 1,100 meter long by approximately 120 meter wide soil anomaly, with lead values in soil exceeding 100 parts per million. The anomaly coincides with subtle 'kill zones', similar to LWM located 22 kilometers to the northeast. Soil samples range from 108 to 7,980 ppm Pb within the anomaly. The Drumstick and Eva Prospects both occur near ridge tops with minimal bedrock exposure, with the area in between completely covered by overburden and vegetation. Several holes are planned at both targets.

Full Metal has options to earn numerous 100% leasehold interests within 235,376 acres of lands selected by Doyon, Limited, an Alaska Native Regional Corporation (See FMM 2006 NR #9, Dated May 23, 2006).

Full Metal's 2008 exploration program will be managed by Robert McLeod, P.Geo, Vice-President Exploration for Full Metal Minerals and a Qualified Persons as defined by NI 43-101. Drill cores will be cut in half using a diamond saw, with one-half placed in sealed bags, and delivered to ALS-Chemex Labs facility in Fairbanks, Alaska. A sample quality control/quality assurance program using standards and blanks will be implemented. Mr. McLeod prepared and approved the information contained in this release.

Drilling will also commence shortly at the Moore Creek Gold Property. Other 2008 drill programs include CJ Property, Lucky Shot Property, Mt. Andrew Property, Pebble South Property, and OG Property. The Company has Joint Venture Agreements with Kinross Gold, Freeport McMoRan, BHP Billiton, Metallica Resources, Triex Minerals, Altair Ventures, and Highbury Projects.

 
 
 
 
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Full Metal Minerals Ltd

EXPLORATEUR
CODE : FMM.V
ISIN : CA35968C4065
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Full Metal est une société d’exploration minière d'argent et d'or basée au Canada.

Full Metal détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont SHUMAGIN/APOLLO et CENTENNIAL PROJECT en USA et ANGIE-CAT, NADALEEN, MOORE CREEK, OG PROPERTY, RUSSIAN MOUNTAIN, HORN MOUNTAIN, PORT MOLLER, CHIGNIK, ROLLING THUNDER, PEBBLE SOUTH, PYRAMID ( ALASKA), 40 MILE, GRIZZLY BUTTE, BOULDER CREEK, TANACROSS et FORTYMILE ALASKA au Canada.

Full Metal est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 266 892 CA$ (213 394 US$, 186 933 €).

La valeur de son action a atteint son plus haut niveau récent le 02 décembre 2005 à 9,60 CA$, et son plus bas niveau récent le 26 février 2016 à 0,02 CA$.

Full Metal possède 5 930 940 actions en circulation.

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