Full Metal Identifies Multiple Gold and Silver Anomalies and Expands Rolling Thunder Project, White Gold Trend, Eastern Alaska
22 Novembro 2011 - 4:49PM
Marketwired
Full Metal Minerals Ltd. (TSX VENTURE:FMM) is pleased to announce
that the Company has received encouraging surface sampling results
from multiple silver and gold targets at the Rolling Thunder
Project, located along the eastern extension to the Yukon's White
Gold trend in Alaska. Full Metal has continued to expand the land
package through additional claim staking to 51,164 hectares,
covering multiple different target areas.
Full Metal Minerals has received encouraging results from the
2011 Rolling Thunder exploration program in the historic 40 Mile
district. This year's program collected 2,373 soil samples, 379
rock samples, and 178 trench samples. Soil sampling focused on
completing coverage of the ridges and spurs on Rolling Thunder
claim blocks as well as expanding grids at South Pika and McElfish
prospects and placing a soil grid at the Pika target.
Soil maps with complete gold and silver results can be viewed at
www.fullmetalminerals.com.
Particularly encouraging silver values were returned from the
Pika prospect. Grab samples of sulphide veins returned 5,750 and
4,950 g/t Ag. Mineralization is associated with strong
sericite-limonite-silica alteration observed in dominantly augen
gneiss, a soil grid was established measuring approximately 2,000
by 2,000 meters at 50m centers and 100m line spacing. Within the
soil grid, as well as expanded 'ridge and spur' soil lines, five
separate multielement soil trends were identified, ranging from 400
to 1,800 meters in length. One of these particular trends is 1,800
meters in length; 239 samples range from trace to 6.9 g/t Ag in
soil, averaging 1.0 g/t Ag.
Due to limited bedrock exposure at Pika, ten trenches were
completed across the Pika prospect. Trenches primarily targeted a
series of mineralized NNE-trending structures carrying anomalous
Au, Ag, and/or Pb. Trenches PC11-02 and PC11-03 contained 2.8ppm Ag
and 1153ppm Pb over 17.7m and 1.9ppm Ag and 402ppm Pb over 30m,
respectively. One grab sample from PC11-04 assayed 256ppm Ag and
4.49% Pb. Several of the grab sample highlights in the Pika area
are listed below.
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Sample Lithology Au (ppb) Ag (ppm) Pb (ppm)
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593046 Gossan 1,095 525 greater than 20%
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593026 Gossan 645 392 9.29%
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593032 Massive Galena 150 4950 greater than 20%
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593049 Massive Galena 18 5750 greater than 20%
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593047 Quartz Vein 280 103 9,770
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K843489 Augen Gneiss 69 31.2 1,885
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756756 Quartz Vein 260 64.1 1,345
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593030 Sericitic Schist less than 5 31 5,550
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593028 Augen Schist 44 28.9 5,330
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756957 Quartz Vein 33 20.9 778
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Two new claim blocks at Rolling Thunder, West Pika (81km2) and
Gold Fish (37km2) were staked this season after receiving results
from ridge-and-spur soil sampling and prospecting. The West Pika
claim block is adjacent to the Pika claim block. One grab sample of
a mineralized quartz vein on West Pika yielded 2.31 g/t Au, 343 g/t
Ag, 6040 ppm Pb, and 1700 ppm Bi. The Gold Fish claim block is
located adjacent to the west to the Company's Willow claim group in
the northwestern portion of the target area.
An expansion of the soil grid completed in 2010 at the McElfish
claim block, located approximately 20km southeast of Pika. A total
of 197 soils were collected on 50m centers and 100m spaced NW-SE
lines. Assay results show two approx. 1km NE trending Au anomalies
with a width of 200-500m and values ranging between 20-200ppb. The
anomalies are still open to the southwest.
Full Metal's management and geologic team were shared with
Underworld Resources, which made a significant discovery at the
White Gold Project in the Yukon. Underworld was acquired by Kinross
Gold in the spring of 2010. The technical team utilized this
experience and understanding of geologic controls, geochemistry and
exploration targeting methods which was successful at White Gold to
stake these new claims.
The White Gold district in Alaska occurs within a mineral belt
of Cretaceous age deposits, prospects, and placer gold mines
trending from the Minto mine in the southwest, and includes
porphyry copper and epigenetic gold deposits and prospects such as
Freegold Mountain (Northern Freegold), Casino (Western Copper),
White Gold (Kinross) and Coffee (Kaminak). This mineral belt
strikes to the northeast from the Yukon into Alaska, and includes
Full Metal's Rolling Thunder claims, the Fortymile placer district,
and Full Metal's high-grade Zn-Ag-Pb-Cu carbonate replacement
deposits (see News Release FMM 2010 - NR #5, June 3rd 2010). Over
30 companies are actively exploring along this trend in the Yukon,
with an ongoing staking rush up to the Yukon-Alaska border. Full
Metal Minerals is the only company currently active in the Alaska
section of this belt.
Placer gold mining has been ongoing in the Fortymile district
since the late 1800's, with over 550,000 ounces of placer gold
produced (from Szumigala et al, Alaska DGGS Report 2000). The area
is underlain by the same host rocks, a similar tectonic history and
intrusive rocks to the White Gold District.
Full Metal and BHP completed an extensive reconnaissance program
in the southern portion of the target area during 2008, exploring
four porphyry targets. In 2009, Full Metal regained a 100%
ownership of this program, after BHP completed extensive
geochemical surveys and a large airborne magnetic survey. In
addition to a proprietary geochemical data set owned by Full Metal
from historic operators, the Company utilized this data in
targeting several of the new claim groups.
Full Metal's 2011 exploration program at Rolling Thunder was
managed by Robert McLeod, P.Geo, Vice-President Exploration for
Full Metal Minerals and a Qualified Persons as defined by NI
43-101. Rock and soil samples were collected by experienced
geologists, placed in sealed bags and delivered by Company
employees to ALS-Chemex Labs facility in Fairbanks, Alaska. A
sample quality control/quality assurance program using standards
and blanks was implemented. Mr. McLeod prepared and approved the
information contained in this release.
Full Metal is a generative exploration company with five
existing joint ventures, and multiple precious and base metal
projects in Alaska. The Company recently announced drill results
from the Pyramid copper-gold-molybdenum porphyry discovery.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Williams, President and Director
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Full Metal Minerals Ltd. Kevin Stewart Manager,
Investor Relations 604-484-7855 604-484-7155
(FAX)info@fullmetalminerals.comwww.fullmetalminerals.com
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