Messina Minerals Inc. Acquires New York Harbour Properties, Newfoundland
December 02 2010 - 9:30AM
Marketwired
Messina Minerals Inc. (TSX VENTURE: MMI) has acquired 321 new
claims totalling 8,025 hectares by staking in the York Harbour area
located 15 km from the port city of Corner Brook, western
Newfoundland. The new claims add to Messina's original York Harbour
property; the land package now totals 347 claims or 8,675 hectares.
The York Harbour area is prospective for ophiolite-hosted
"Cyprus-type" volcanogenic hosted massive sulphide ("VHMS")
copper-zinc-gold-(cobalt) deposits. Messina's York Harbour property
now covers 15 kilometers strike length of prospective stratigraphy.
The original York Harbour property was acquired in 2009 (see NR
June 17, 2009) and encompasses the past-producing York Harbour
copper-gold mine and approximately 4 kilometers of strike length.
Field work in 2009 (see NR July 16, 2009) yielded selected grab
samples from outcropping massive sulphides assaying 10.4% to 19.7%
copper, and selected samples of mine dump material ranging from
7.0% to 34.2% zinc. A historic drill hole (YH91-5) intersected 0.6
meters grading 26.2% zinc, 3.2% lead, and 0.3% copper with 583 g/t
silver and 16.9 g/t gold; the first documentation of consequential
precious metal enrichment at York Harbour.
Reconnaissance of the York Harbour ophiolite was undertaken by
Messina in 2009 to assess the further potential of the area to host
additional zones of Cyprus-type mineralization; the survey
indicated the favourable stratigraphy had regional extent. In 2010,
a detailed airborne magnetics survey flown jointly by the
Geological Survey of Canada and the Newfoundland Geological Survey
Branch provided for the first time a detailed view of the
stratigraphy within the York Harbour ophiolite and confirmed the
regional potential.
The documented Cyprus-type mineralization at York Harbour, and
indications from Messina's work and the new detailed magnetics
survey that this favourable stratigraphy continues regionally, led
to the acquisition by staking of this prospective property.
Messina's York Harbour property now covers 15 kilometers strike
length of stratigraphy permissive for Cyprus-type zinc-copper-gold
mineralization.
Exploration work planned for 2011 is expected to include
examination of historical copper showings, mapping and prospecting
of the stratigraphy, and geophysical surveying over selected areas
with the objective of generating drill targets. A phase of
follow-up diamond drilling is anticipated contingent upon
results.
Peter Tallman, President and CEO states "The York Harbour
ophiolite has seen little exploration over the past 100 years and
is extremely under-explored relative to other ophiolitic terranes
worldwide. The documented VHMS copper-zinc-gold mineralization at
the (past-producing) York Harbour mine shows the horizon is
productive and highly prospective; however outside the immediate
area of the former York Harbour mine there has been no documented
exploration at all. There are opportunities for exploration
discoveries; in an area close to a major shipping port and other
infrastructure. The York Harbour property also gives the Company a
geographic diversity of property interests and prospects."
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". Drilling in the vicinity of Boomerang at
the "Hurricane" prospect is currently underway. 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, Director
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.
Contacts: Messina Minerals Inc. Peter Tallman President (604)
688-1508 (604) 601-8253 (FAX) info@messinaminerals.com
www.messinaminerals.com
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