Full Metal Intersects 4.40 Meters True Width Averaging 23.63% Zn, 23.71% Pb and 314.2 g/t Ag at LWM Deposit, Fortymile Property,
30 Novembre 2010 - 3:00PM
Marketwired
Full Metal Minerals (TSX VENTURE: FMM) is pleased to announce the
2010 drilling results from the Company's 5,096 meter core drilling
program from the Fortymile Silver-Lead-Zinc Property in Eastern
Alaska. The Company is currently planning an aggressive follow-up
drilling program for 2011 to expand and further delineate the LWM
Deposit, as well as test regional targets in the Fortymile area.
The 2010 exploration program has extended the strike length of
massive carbonate-replacement (CRD) mineralization at the LWM
deposit to over 950 meters. The drilling program at LWM included
step-out drilling along strike on 50 meter centers, as well as
select infill drilling. To the southwest, stepout hole LWM10-64
intersected multiple zones, including 5.89 meters true width
averaging 7.38% Zn, 13.82% Pb, 0.09% Cu and 198 g/t Ag. A
multielement soil anomaly continues to the southeast along the
Ketchumstuck fault, which controls the replacement mineralization
at LWM. Infill hole LWM10-68 intersected 4.40 meters true width
averaging 23.71% Zn, 23.63% Pb, 0.07% Cu and 314 g/t Ag. The
deposit is open for expansion to the northwest, where difficult
drilling conditions from frozen overburden hindered drilling.
LWM10-71 hit 1.28 meters true width averaging 4.38% Zn, 8.74% Pb,
0.08% Cu and 121 g/t Ag, which is the northwestern most hole
completed to date on the Property.
Drill results include:
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True
From To Length Thick. Ag Cu Pb Zn Pb +
Hole-ID (m) (m) (m) (m) (g/t) % % % Zn%
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LWM10-61 hole lost
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LWM10-62 92.50 95.60 3.10 2.31 82.9 0.11 1.82 0.31 2.14
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107.70 121.00 13.30 9.91 14.5 0.12 0.41 4.85 5.26
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190.50 193.50 3.00 2.24 14.3 0.02 0.75 6.93 7.68
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201.10 210.40 9.30 6.93 26.7 0.02 1.39 1.88 3.27
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226.30 229.25 2.95 2.20 205.8 0.18 14.49 9.64 24.13
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LWM10-63 149.02 151.19 2.17 2.17 19.8 0.03 1.62 3.15 4.77
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LWM10-64 148.30 150.30 2.00 1.49 74.0 0.07 1.66 6.38 8.03
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152.30 160.20 7.90 5.89 198.0 0.09 13.82 7.38 21.20
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including 152.30 154.50 2.20 1.64 593.5 0.19 41.07 1.50 42.58
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247.50 248.80 1.30 0.97 243.0 0.17 21.14 1.96 23.10
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275.65 276.85 1.20 0.89 61.0 0.13 3.80 6.05 9.85
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LWM10-65 152.50 154.00 1.50 1.50 56.0 0.11 2.62 3.99 6.61
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192.10 195.10 3.00 3.00 27.5 0.03 2.43 1.15 3.59
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LWM10-66 127.90 128.90 1.00 0.75 37.0 0.15 1.20 1.08 2.28
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292.40 293.30 0.90 0.67 16.0 0.03 0.94 3.40 4.34
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LWM10-67 165.00 168.00 3.00 3.00 56.5 0.13 3.39 0.81 4.20
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LWM10-68 7.40 8.75 1.30 1.30 18.0 0.42 0.03 7.21 7.24
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11.58 12.90 1.30 1.30 127.0 0.44 6.23 0.72 6.95
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113.10 117.50 4.40 4.40 314.2 0.07 23.63 23.71 47.34
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LWM10-69 12.00 18.85 6.85 5.83 43.8 0.30 0.64 2.55 3.19
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136.25 137.60 1.30 1.11 37.0 0.12 2.08 5.00 7.08
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143.10 146.00 2.90 2.47 21.7 0.02 1.64 3.02 4.65
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LWM10-70 135.40 136.20 0.80 0.68 173.0 0.18 12.00 1.55 13.55
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177.68 179.00 1.30 1.11 1.0 0.01 0.05 5.22 5.27
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190.10 190.90 0.80 0.68 114.0 0.23 6.05 32.62 38.67
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LWM10-71 47.45 59.60 12.15 12.15 147.7 0.30 8.50 3.54 12.04
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including 56.60 58.52 1.92 1.92 730.6 1.09 43.05 1.63 44.68
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101.90 108.00 6.10 6.10 4.5 0.44 0.08 13.50 13.59
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115.50 116.65 1.20 1.20 16.0 0.25 0.84 7.27 8.11
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120.42 132.55 12.13 12.13 24.3 0.06 1.30 8.59 9.89
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135.65 141.15 5.50 5.50 42.3 0.07 2.21 1.71 3.93
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LWM10-72 NSA
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LWM10-73 NSA
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LWM10-74 NSA
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LWM10-75 NSA
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LWM10-76 62.00 63.50 1.50 1.28 30.0 0.14 1.94 2.32 4.26
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70.99 74.00 3.01 2.56 21.0 0.03 1.25 0.80 2.04
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149.50 151.00 1.50 1.28 33.0 0.10 2.38 1.49 3.87
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96.50 98.00 1.50 1.28 121.0 0.08 8.74 4.38 13.12
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(i) NSA Denotes: no significant assays
Due to thick, frozen overburden, drill holes LWM10-73, 74 and 75
may have been collared two far to the west of the surface
expression of the mineralized zone.
Since discovery of the LWM deposit in 2006, step-out drilling
has been completed on 50 meter centers along strike and down-dip.
At least two subparallel zones of mineralization have been
encountered within dolomitized marble host rock, with the primary
zone located adjacent to the Ketchumstuck fault zone. In the
southwestern area of LWM, surface oxidation is locally variable in
the upper zone. In some areas, it extends to over 200 meters below
surface; the lower zone is typically less oxidized, with primary
sulphide commonly located at surface. In the northeast, surface
oxidation is much shallower. The thickness of mineralization can
vary dramatically in CRD systems, with this variability common at
LWM. A plan map with drill hole collar locations can be viewed at
www.fullmetalminerals.com. Full Metal is completing an initial
metallurgical testwork program, the results of which will be
released in the near future.
The LWM discovery and the Fish oxide zinc-silver discovery (See
FMM NR 2007 #21), as well as the Oscar, Eva, Drumstick, and West
Eva prospects and numerous other showings and anomalies all occur
within a 20 kilometer long trend of CRD-style prospects. During
2010, Full Metal completed several short reconnaissance holes at
the Eva, West Eva and Oscar targets.
At Eva, high grade surface mineralization may occur as a
'chimney' of CRD mineralization that was missed by surface
drilling. Drill hole EVA10-01 intersection 1.1 meters averaging
2.35% Pb, 1.43% Zn and 70.0 g/t Ag, however other shallow holes did
not intersected significant mineralization. At West Eva, broad of
zones of anomalous mineralization, particularly silver, was
observed within quartz-carbonate stockwork. No significant
mineralization was encountered at the Oscar prospect.
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From To Length Ag Cu Pb Zn Pb +
Hole-ID (m) (m) (m) (g/t) % % % Zn%
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EVA10-01 54.10 55.20 1.10 70.0 0.03 2.35 1.43 3.78
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EVA10-02 NSA
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EVA10-03 NSA
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EVA10-04 NSA
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EVA10-05 NSA
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WEVA10-01 48.00 54.00 6.00 15.0 0.00 0.41 0.04 0.45
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76.00 82.00 6.00 30.0 0.01 0.96 0.35 1.30
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311.00 313.00 2.00 29.0 0.04 0.36 0.60 0.96
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WEVA10-02 98.40 99.85 1.40 23.0 0.01 0.50 0.33 0.83
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(i) NSA Denotes: no significant assays
Full Metal has options to earn numerous 100% leasehold interests
within 117,760 acres of lands selected by Doyon, Limited, an Alaska
Native Regional Corporation (See FMM 2006 NR #9, dated May 23,
2006).
Full Metal's 2010 exploration program at Fortymile was performed
under the supervision of Robert McLeod, P.Geo, Vice-President
Exploration for Full Metal Minerals, and a Qualified Person as
defined by NI 43-101. Drill cores were cut in half using a diamond
saw, with one-half placed in sealed bags. Core samples were
delivered by Full Metal personnel to ALS-Chemex Labs facility in
Fairbanks, Alaska. A sample quality control/quality assurance
program was implemented. Mr. McLeod prepared and approved the
information contained in this release.
Full Metal is a generative exploration company with multiple
precious and base metal projects in Alaska and the Yukon. The
Company recently announced a significant copper-gold-molybdenum
porphyry discovery at the Pyramid property in southwest Alaska.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Williams, President and Director
Some statements in this news release contain forward-looking
information, including without limitation statements as to planned
expenditures and exploration programs. These statements address
future events and conditions and, as such, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the statements. Such factors include
without limitation the completion of planned expenditures, the
ability to complete exploration programs on schedule and the
success of exploration programs.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Full Metal Minerals Ltd. Jeff Sundar Vice President,
Investor Relations 604-484-7855 604-484-7155 (FAX)
info@fullmetalminerals.com www.fullmetalminerals.com
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