ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

MMI Messina Minerals Inc.

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Messina Minerals Inc. TSXV:MMI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Messina Commences Drilling at Brook Zone, Victoria Property

16/12/2011 4:31pm

Marketwired Canada


Messina Minerals Inc. (TSX VENTURE:MMI) has discovered outcropping
copper-enriched massive sulphide mineralization at the Brook prospect within the
Victoria Property, central Newfoundland. A drill program to test this
mineralization has begun. The Victoria Property is located approximately 20
kilometers from the Duck Pond zinc-copper mine owned by Teck Corporation. The
Victoria properties were acquired earlier this year (see News Release April 14,
2011) and the assay results reported represent the first by Messina on this
prospective land package.


An outcrop of copper-enriched massive sulphide was known at the Brook prospect
circa 1900. In 1910, a small 15 meter deep shaft was sunk on the occurrence. Two
small dump rock piles of copper sulphide mineralization remain at surface
adjacent to a water-filled timber shaft. From 1910 to 1944 a total of six
shallow drill holes tested the vicinity; surviving records indicate the work
intersected copper mineralization. No further drilling or exploration has tested
this zone and the prospect has largely been forgotten until now. 


Messina staff collected a total of ten rock grab samples of massive sulphide
mineralization from the Brook prospect dump piles which assay between 3.3% and
12.4% copper, 5 g/t to 33 g/t silver, and 0.1 to 0.3 g/t gold. Further
examination located outcropping massive sulphides to the east and west of the
Brook shaft over a total strike length of 120 meters. Three representative rock
grab samples from the eastern outcrop assay 1.7% to 5.4% copper, 5 g/t to 13 g/t
silver, and 0.1 g/t to 0.2 g/t gold. The sulphide has a minimum thickness of one
meter in this outcrop over a length of 10 meters uncovered by hand-dug
trenching. Assays from outcrops to the west of the shaft of the shaft are
pending. There is an abundance of "chaotic carbonate" alteration noted in
footwall outcrops adjacent to the sulphides.


A program of diamond drilling has been permitted and is now underway. New Valley
Drilling of Springdale, Newfoundland has been contracted to drill approximately
500 meters in nine short holes. The objective is to test the near-surface
continuity of the copper mineralization in the time left before the Christmas
holiday. Results of this drill program will be reported in 2012 when drill core
assay results are received. 


Peter Tallman, President and CEO, states, "The copper grade and apparent
continuity of mineralization at the Brook prospect is impressive. So is the
'chaotic carbonate', a significant rock unit that occurs in close proximity to
Messina's Boomerang and Teck's Duck Pond massive sulphide deposits. We want to
evaluate the potential and significance of this discovery as quickly as
possible." 


Geotechnical Information

Rock Samples

Rock samples in this news release were submitted to Eastern Analytical of
Springdale, Newfoundland for analysis. Eastern analyzed for copper, zinc, lead,
and silver using a 50 gram sub-sample by aqua regia digestion, while gold was
analyzed by fire assay with an atomic absorption finish using a 30 gram
sub-sample.


Messina uses sampling and QA/QC procedures standard to the industry including
maintenance of chain of custody, the retention of pulps and coarse rejects, and
laboratories using standards, blanks, and duplicates. As part of the QA/QC
program pulps from samples assaying greater than 5% copper from Eastern were
submitted to ALS Chemex of North Vancouver, British Columbia for check assaying.
Check assays from these samples have a correlation coefficient of 99% for
copper.


About Messina

Messina Minerals Inc. is a leading explorer for zinc-lead-copper-silver-gold
massive sulphide deposits in Newfoundland, Canada on our extensive 450 square
kilometer mineral lands, in a region known historically for its copper and 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 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

1 Year Messina Minerals Inc. Chart

1 Year Messina Minerals Inc. Chart

1 Month Messina Minerals Inc. Chart

1 Month Messina Minerals Inc. Chart

Your Recent History

Delayed Upgrade Clock