Messina Minerals Inc. Commences Drilling at Boomerang, Newfoundland
November 24 2010 - 8:30AM
Marketwired Canada
Messina Minerals Inc. (TSX VENTURE:MMI) has commenced exploratory drilling at
the Boomerang massive sulphide prospect within its Tulks South Property located
in central Newfoundland, Canada. Three drill holes are planned to test the
Hurricane target area for an estimated 1,000 meters of drilling. The objective
of the drill program is to infill an area of significant copper-lead-zinc
sulphide mineralization that, contingent upon positive results, would support a
first estimate of mineral resources for this target.
Peter Tallman, President and CEO, states, "The resumption of drilling in the
Boomerang area after a 3 year hiatus is a welcome positive step to Messina's
12-month exploration objectives in central Newfoundland. These objectives
include completing a NI43-101 estimate of zinc-lead mineral resources at the
Long Lake Property, sampling historic archived drill core from the Tulks East B
Zone within the Tulks South Property in order to also prepare the B Zone for an
estimate of zinc-lead mineral resources, and completing additional exploration
and drilling programs on several priority target areas including Hurricane.
Recent financings have provided the funding to commence this current program."
Tulks South Property: Geological Context and Resource Estimate
Massive sulphides containing zinc, lead, copper, silver and gold were discovered
by Messina in 2005 on the Tulks South Property at Boomerang. Since that time two
adjacent massive sulphide zones, Boomerang and Domino, have been outlined by
drilling. Boomerang has been defined from 50 meters to 350 meters depth from
surface and contains approximately 1.7 million tonnes of mineralization as
follows:
Million
Boomerang Tonnes Zinc % Lead % Copper % Silver g/t Gold g/t
----------------------------------------------------------------------------
Indicated Mineral
Resources(i) 1.4 7.1 3.0 0.5 110 1.7
Inferred Mineral
Resources(i) 0.3 6.7 2.9 0.4 97 1.3
(i)(Snowden Mining
Consultants, 2007)
Domino lies beneath Boomerang from 450 meters to 550 meters depth from surface
and contains approximately 0.4 million tonnes of mineralization as follows:
Million
Domino Tonnes Zinc % Lead % Copper % Silver g/t Gold g/t
----------------------------------------------------------------------------
Inferred Mineral
Resources(i) 0.4 6.3 2.8 0.4 94 0.6
(i)(Snowden Mining
Consultants, 2007)
Drill Target Area: Hurricane
The area 500 meters along strike to the east of Boomerang hosts the 'Hurricane'
prospect which currently has no mineral resources estimated. Hurricane zinc
mineralization has been intersected in 7 holes between 3875E and 4100E over a
225 meter distance at 200 meters below surface including GA07-214 on 3925E which
intersected 13.2 meters of 1.7% copper, 9.5% lead, 14.7% zinc, 231 g/t silver
and 1.1 g/t gold. Hurricane remains open up dip and along strike to the east.
The drill program in progress will test this zone further.
About Messina
Messina Minerals Inc. is a leading explorer for zinc-lead-copper-silver-gold
massive sulphide deposits in Newfoundland, Canada on its extensive 400 square
kilometer mineral lands, in a region known historically for its 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 and President 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
Messina Minerals Inc. (TSXV:MMI)
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