| | Publié le 21 juin 2007 | Reports Mineral Resources at Boomerang/Domino, Newfoundland |
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News Releases - Thursday, June 21, 2007
Messina Minerals Reports Mineral Resources at Boomerang/Domino, Newfoundland
Messina Minerals Inc. ("MMI"-TSXV) has
received the initial resource estimate compliant with CIM Guidelines and
NI43-101 regulations for disclosure for the Company's recently discovered
Boomerang zinc-lead-copper-silver-gold deposit in central Newfoundland. A resource estimate for a portion
of the adjacent Domino zinc-lead-copper-silver-gold deposit is also included. These
initial resource estimates, completed independently by Snowden Mining Industry
Consultants Inc. ("Snowden"), incorporate all drilling completed at
Boomerang up to June 3, 2007 and all drilling at Domino between 3525E and 3900E
only up to June 3, 2007.
The purpose of completing this mineral resource estimate is to establish a
"benchmark" resource for the Company. The objective of Messina is to double the
contained metal as represented by the benchmark resource by the end of 2007,
with a report supporting the increase delivered to the Company by April 2008. This
objective is expected to be met principally by testing areas of mineralization
within Messina's
properties with previously published 'historic resources' and upgrading these
areas to current standards. This exploration program is underway; drilling has
begun at the Skidder prospect historic resource and along strike from the
Domino inferred mineral resource. Drilling at the TouchDown target adjacent to
Boomerang will commence shortly.
SUMMARY
Boomerang is estimated, using a 1% zinc cut-off, to have indicated mineral
resources totaling 1,364,600 tonnes grading 7.09% zinc, 3.00% lead, 0.51%
copper, 110.43 g/t silver, and 1.66 g/t gold. In addition, also at a 1% zinc
cut-off, Boomerang is estimated to contain a further 278,100 tonnes of inferred
mineral resources grading 6.72% zinc, 2.88% lead, 0.44% copper, 96.53 g/t
silver, and 1.29 g/t gold. Domino, adjacent to Boomerang and thought to be the
same mineralized horizon, hosts another 411,200 tonnes inferred mineral
resource grading 6.3% zinc, 2.8% lead, 0.4% copper, 94 g/t silver and 0.6 g/t
gold. In summary, Messina
reports initial 1.36 million tonnes indicated mineral resources plus 0.7
million tonnes inferred mineral resources at Boomerang/Domino.
The estimated tonnage of Boomerang in the indicated mineral resource category
is 1,364,600 tonnes containing approximately 213.2 million pounds zinc, 90.3
million pounds lead, 15.3 million pounds copper, 4.8 million ounces silver and 72,800 ounces gold. In
addition, Boomerang and Domino contain a further 689,300 tonnes of inferred
mineral resources containing an estimated 98.3 million pounds zinc, 43.0
million pounds lead, 6.3 million pounds copper, 2.1 million ounces silver, and 19,500 ounces gold.
The effect of applying a higher zinc cut-off is minor. At 2% zinc cut-off
indicated mineral resources are 1,318,700 tonnes, a difference of 45,900
tonnes; and inferred mineral resources are 625,100; a difference of 64,200
tonnes.
SGS Lakefield Research ("Lakefield") is testing Boomerang
mineralization for the purpose of developing preliminary metallurgical
processes for metal recovery using conventional methods known to the base metal
mining industry. Results of Lakefield's work are expected during 2007, however
no firm timeline has been provided to Messina.
MINERAL RESOURCE
DETAILS
Table 1A: Boomerang Indicated Mineral Resources
Resource Area
|
Cut-off Zn %
|
Resource Category
|
Density
|
Tonnes
|
Zn %
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Pb %
|
Cu %
|
Au g/t
|
Ag
g/t
|
Boomerang
|
1
|
Indicated
|
3.81
|
1,364,600
|
7.09
|
3.00
|
0.51
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1.66
|
110.43
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Table 1B: Boomerang and Domino Inferred Mineral Resources
Resource Area
|
Cut-off Zn %
|
Resource Category
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Density
|
Tonnes
|
Zn %
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Pb %
|
Cu %
|
Au g/t
|
Ag
g/t
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Boomerang
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1
|
Inferred
|
3.60
|
278,100
|
6.72
|
2.88
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0.44
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1.29
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96.53
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Domino
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1
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Inferred
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3.46
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411,200
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6.3
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2.8
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0.4
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0.6
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94
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Table 2A: Boomerang Indicated Minerals Resources - Contained Metals
Resource Area
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Resource Category
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Zn lbs
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Pb lbs
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Cu lbs
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Au g
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Ag g
|
Au oz
|
Ag oz
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Boomerang
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Indicated
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213,295,359
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90,251,915
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15,342,826
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2,265,236
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150,692,778
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72,828
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4,844,804
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Table 2B: Boomerang and Domino Inferred Mineral Resources - Contained Metals
Resource Area
|
Resource Category
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Zn lbs
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Pb lbs
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Cu lbs
|
Au g
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Ag g
|
Au oz
|
Ag oz
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Boomerang
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Inferred
|
41,200,270
|
17,657,259
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2,697,637
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358,749
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26,844,993
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11,534
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863,072
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Domino
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Inferred
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57,111,486
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25,382,883
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3,626,126
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246,720
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38,652,800
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7,932
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1,242,695
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Table 3: Boomerang Indicated and Inferred Mineral Resources by Zn % Cut-off
Cut-off Zn %
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Resource category
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Volume
|
Density
|
Tonnes
|
Zn %
|
Cu %
|
Pb %
|
Au g/t
|
Ag g/t
|
0.5
|
Indicated
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361,800
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3.81
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1,368,800
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7.07
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0.51
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3.00
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1.66
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110.22
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1.0
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Indicated
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360,800
|
3.81
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1,364,600
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7.09
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0.51
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3.00
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1.66
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110.43
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2.0
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Indicated
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347,900
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3.81
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1,318,700
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7.28
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0.52
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3.07
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1.68
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112.37
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3.0
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Indicated
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318,900
|
3.83
|
1,215,200
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7.68
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0.54
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3.17
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1.71
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115.40
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4.0
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Indicated
|
280,300
|
3.86
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1,076,300
|
8.23
|
0.57
|
3.28
|
1.73
|
118.66
|
|
|
|
|
|
|
|
|
|
|
Cut-off Zn %
|
Resource category
|
Volume
|
Density
|
Tonnes
|
Zn %
|
Cu %
|
Pb %
|
Au g/t
|
Ag g/t
|
0.5
|
Inferred
|
77,700
|
3.60
|
278,200
|
6.71
|
0.44
|
2.88
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1.29
|
96.51
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1.0
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Inferred
|
77,700
|
3.60
|
278,100
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6.72
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0.44
|
2.88
|
1.29
|
96.53
|
2.0
|
Inferred
|
74,300
|
3.61
|
266,100
|
6.95
|
0.45
|
2.96
|
1.32
|
99.25
|
3.0
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Inferred
|
69,600
|
3.61
|
249,400
|
7.24
|
0.46
|
3.05
|
1.34
|
101.96
|
4.0
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Inferred
|
63,300
|
3.62
|
227,800
|
7.59
|
0.48
|
3.12
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1.33
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103.44
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Table 4: Domino Inferred Mineral Resources by Zn % Cut-of
Resource category
|
Zn % cut-off
|
Tonnes
|
Zn %
|
Cu %
|
Pb%
|
Ag g/t
|
Au g/t
|
Inferred
|
0.5
|
430,200
|
6.1
|
0.4
|
2.7
|
89
|
0.6
|
Inferred
|
1.0
|
411,200
|
6.3
|
0.4
|
2.8
|
94
|
0.6
|
Inferred
|
2.0
|
359,000
|
7.0
|
0.4
|
3.1
|
108
|
0.7
|
Inferred
|
3.0
|
304,200
|
7.8
|
0.4
|
3.5
|
127
|
0.8
|
Inferred
|
4.0
|
254,100
|
8.7
|
0.5
|
3.8
|
150
|
0.9
|
METHODOLOGIES
Snowden calculated Boomerang indicated and inferred mineral resources using
"ordinary kriging" as the interpolation method. Snowden produced 1 meter downhole composited
assays from the sample database, and then applied assay top-cuts as follows:
Boomerang top-cuts: Zn 29.8%, Pb 11.8%, Cu 1.77%, Ag 422 g/t, Au 8.85 g/t
Snowden calculated the Domino resource differently, because there are fewer
drill holes and overall number of samples, using a "change of
support" methodology to estimate the inferred mineral resources. Like
Boomerang, Snowden produced 1
meter downhole composited assays from the Domino sample
database, and then applied assay top-cuts as follows:
Domino top-cuts: Zn 24.0%, Pb 10.0%, Cu none, Ag 335 g/t, Au 1.692 g/t
Specific gravity data used for both Boomerang and Domino samples is measured
systematically by Messina staff from each assay sample collected and this data
forms part of the data set evaluated by Snowden. Messina personnel incorporated
drilling data to June 3rd into a geologic model for both Boomerang and Domino,
and with Snowden adjusted the models and wireframes as required.
Specific gravity testing, rock quality determinations and photographic logging
of all massive sulphide intersections are performed systematically by Messina
staff prior to assaying. Assays are performed by Eastern Analytical Limited of
Springdale, Newfoundland. Check assays and other lithogeochemical analyses are
performed by Chemex Labs of North Vancouver, British Columbia. The Company is
and will continue to use methodical and geoscientifically accepted procedures
for assaying including quality control and quality assurance (QA/QC) including
the use of duplicates and standards for all analytical testing. Mineral
resources which are not mineral reserves do not have demonstrated economic
viability.
The resource estimate reported here was prepared by Pamela De Mark, Senior
Consultant - Resource Evaluation of Snowden Mining Industry Consultants Inc.
with peer review by Alex Trueman, Divisional Manager also of Snowden who are
Qualified Persons as defined by NI43-101. As required by NI43-101 regulations,
the resource estimate report will be filed on SEDAR in its entirety within 45
days.
BUSINESS STRATEGY
Messina is drilling zinc-lead-copper-silver-gold enriched massive sulphides at
and adjacent to the Boomerang and Domino massive sulphide mineral resources,
within the Company's Tulks South Property located in central Newfoundland,
Canada. The Tulks South Property represents a portion of the 342 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.
This initial resource estimate, attributable to the recently discovered
Boomerang/Domino deposit, is an important milestone following two years of
technical work and provides a significant 'benchmark' base from which to grow. The
Company is well situated to expand this initial 'benchmark' by testing and
upgrading numerous areas of previously published historic resources, plus drill
testing recently identified target areas for new discoveries; all within the
Company's extensive landholdings in central Newfoundland. Three drills are
currently active.
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 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.
Copyright � 2007 MESSINA MINERALS INC. (MMI) All
rights reserved. For more information visit our website at http://www.messinaminerals.com/ or send
email to info@messinaminerals.com
..
Message sent on Thu Jun
21, 2007 at 6:31:05 AM Pacific Time
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Messina Minerals Inc.
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EXPLORATEUR |
CODE : MMI.V |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Messina Min. est une société d’exploration minière de zinc et de plomb basée au Canada. Messina Min. détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont 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 et PUKASKWA au Canada. Messina Min. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 754 980 CA$ (709 455 US$, 518 966 €). La valeur de son action a atteint son plus haut niveau récent le 30 décembre 2005 à 4,13 CA$, et son plus bas niveau récent le 01 février 2013 à 0,01 CA$. Messina Min. possède 12 583 000 actions en circulation. |
Rapports annuels de Messina Minerals Inc. |
Financements de Messina Minerals Inc. |
Projets de Messina Minerals Inc. |
20/12/2013 | Canadian Zinc Completes Messina Minerals Inc. Acquisition |
17/04/2012 | (Long Lake)Announces Filing of NI 43-101 Technical Report for the Long ... |
13/03/2012 | (Long Lake)Announces Initial Zinc Resource Estimate at the Long Lake Ma... |
09/01/2012 | Drilling Update at Brook Zone, Victoria Property |
16/12/2011 | Commences Drilling at Brook Zone, Victoria Property |
24/10/2011 | Commissions NI43-101 Resource Estimate on Main Zone, Centra... |
04/11/2009 | (Tulk South Boomerang)Identifies New Targets at Boomerang |
02/11/2009 | (Daniels Harbour)Acquires New Zinc Property at Daniels Harbour NL |
20/10/2009 | (Daniels Harbour)Grab Sample Results from Daniels Harbour NL |
10/08/2009 | (Haven Steady Property)Prospecting Results at Haven Steady, NL |
16/07/2009 | (York Harbour)Prospecting Results at York Harbour, NL |
05/05/2008 | (Tulk South - Domino)Positive Geophysics Results at Boomerang |
06/11/2007 | Boomerang Area Exploration |
01/11/2007 | Intersects 10.1% Zinc, 2.3% Lead, 0.5% Copper over 3.6 m at... |
22/10/2007 | Intersects 10.8% Zinc, 1.3% Lead, 0.7% Copper over 3.92 m a... |
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06/09/2007 | Domino, Hurricane, and TouchDown Drilling Results |
23/08/2007 | (Long Lake)Initial Drilling Results at Long Lake |
08/08/2007 | Intersects 6.54 meters of 2.8% Copper, 2.4% Zinc at Skidder |
12/07/2007 | Intersects 5.75 meters of 2.7% Copper, 0.9% Zinc at Skidder |
13/06/2007 | Agrees to Acquire Victoria River Property from Altius Resour... |
12/06/2007 | Infill Intersects Boomerang: 4.25 meters of 9.1% Zinc, 8.2% ... |
29/05/2007 | Infill Intersects Boomerang: 11.93 meters of 8.7% Zinc, 8.1... |
08/05/2007 | Discovers New Massive Sulphide Zone at TouchDown |
20/04/2007 | Intersects Boomerang: 6.8 meters of 18.0% Zinc, 4.4% Lead, 0... |
|
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12/09/2013 | CANADIAN ZINC AND MESSINA MINERALS ANNOUNCE AGREEMENT ON PRO... |
19/02/2013 | Share Consolidation |
24/01/2013 | Announces Share Consolidation; Adoption of Advance Notice Po... |
21/02/2012 | Intersects 5.5% Copper over 4 meters at Brook Zone, Victori... |
14/04/2011 | to Acquire New Victoria Copper Properties, Central Newfoundl... |
21/05/2008 | Messina Minerals Begins Drilling near Boomerang |
07/05/2008 | Launch New Website |
29/02/2008 | Results of AGM |
03/01/2008 | Drills 7.3 m of 16.9% Zinc, 2.8% Lead, 1.0% Copper at Long L... |
21/11/2007 | Drills 15.7% Zinc, 2.7% Lead, 3.8% Copper over 2.1 m at Long... |
19/11/2007 | Retains Investor Relations Firm |
30/10/2007 | Discovers 12.3% Zinc, 0.9% Lead, 1.7% Copper over 5.35 m at... |
04/10/2007 | Drilling Long Lake |
03/10/2007 | Drilling Tulks East |
27/09/2007 | option to acquire an interest in Messina's Long Lake Reid Lo... |
21/06/2007 | Reports Mineral Resources at Boomerang/Domino, Newfoundland |
31/05/2007 | 2007 Exploration Program |
05/04/2007 | Resource and Exploration Updates |
15/03/2007 | Increases "Hurricane" Thickness: 15.3 meters of 13.0% Zinc, ... |
24/02/2007 | welcomes Mr. Gordon Ulrich to theposition of DirectorCorpora... |
Publication de commentaires terminée |
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