New assay data enhances prospectivity for epithermal gold and porphyry copper mineralisation on TRIMA 2 property in Eastern Min

    




 TORONTO, Feb. 16, 2012 /CNW/ - Martina Minerals Corp. (the "Company")   is pleased to announce the receipt of new assay data by  its affiliate Comval Tribal Resources Corporation ("CTRC"), pertaining  to the TRIMA 2 project near Monkayo, Compostela Valley, Eastern  Mindanao, Philippines. Full background information was filed by the  Company on 29 August 2011 as a Technical Report by ACA Howe  International Limited ("ACA Howe") on www.sedar.com. 

 CTRC is exploring for epithermal gold and porphyry-style copper-gold  mineralization. A prospectivity sketch map of TRIMA 2 based on CTRC  MapInfo files is attached below. The map is an interpretive compilation  of geological, geochemical and geophysical data. A version of this map  which will locate the individual prospects briefly mentioned below,  will be available on the company website and on SEDAR. Interested  parties may also request a copy by contacting the email addresses noted  below. 

 In December 2011, the internationally accredited Intertek-McPhar  Laboratories Philippines, reported to CTRC multi-element assay results  (Cu, Pb, Au, Ag, Mo, As, Ba, Sr, Ti and V) of 104 rock samples  collected in September-October 2009. All of these are from channel  sample locations on TRIMA 2. Interpretation of the significance of the  results is ongoing. Threshold values were determined by calculating the  geometric mean plus one standard deviation (Cu ≥ 57 ppm, Au ≥ 0.12 ppm,  Ag ≥ 0.99 ppm). Anomalous values are regarded as those results having  greater than the geometric mean plus two standard deviations (Cu ≥ 88  ppm, Au ≥ 0.23 ppm, Ag ≥ 126 ppm). 




        --  The copper results show 20 samples in several locations above a
            threshold of 57 ppm Cu including 6 anomalous samples with 89 to
            225 ppm Cu.

        --  The gold results show 4 samples above a threshold of 0.12 ppm
            Au including 1 anomalous sample with 0.98 ppm Au.




 The attached map indicates the locations of those rock samples with  threshold and anomalous Cu, Au and Ag, together with locations of those  rock samples with threshold and anomalous values in other elements. It  is believed that the geochemical signatures are depressed by tropical  leaching of hydrothermally clay-altered exposures. More sensitive  analytical techniques will be utilized to detect precious metals down  to parts per billion, to define geochemical anomalies in future  surveys. Nearsurface leaching suggests that there may be a supergene  enrichment zone at depth, such as that which occurs at the Hinoba-an  deposit in Negros, Philippines, which can only be tested by future  drilling. 

 Previously, CTRC carried out a soil geochemical survey on TRIMA 2 on  four east-west lines 400 metres apart using 50 metre sample spacing  (Line 6400N, 8000-10450E; Line 6800N, 8000-10400E; Line 7200N,  8000-10550E; Line 7600N, 8000-10250E). 

 Soil geochemical survey threshold values were determined by calculating  the geometric mean plus one standard deviation (Cu ≥ 104 ppm, Au ≥ 0.04  ppm). Anomalous values were regarded as those results having greater  than the geometric mean plus two standard deviations (Cu ≥ 146 ppm, Au  ≥ 0.06 ppm). 




        --  The copper results show 24 samples in several locations above a
            threshold of 104 ppm Cu including 9 anomalous samples with 146
            to 259 ppm Cu.

        --  The gold results show 20 samples above a threshold of 0.04 ppm
            Au including 6 anomalous samples with 0.06 to 0.122 ppm Au.




 In order to put the rock sample results into perspective, ACA Howe has  checked and corrected the CTRC MapInfo data and plotted threshold and  anomalous CTRC soil copper and gold on these lines in the attached map.  Including historical geochemical copper anomalies, this indicates a  copper anomaly located in the northeast part of TRIMA 2 measuring 900  metres east-west by up to 700 metres northsouth that is open to the  north. 

 The new rock sample data complement results described in the Technical  Report. These new data and soil geochemical data of CTRC on lines 400  metres apart, generally confirm historic copper and gold geochemical  anomalies identified by previous operators. Historic geochemical  anomalies identified by previous operators are currently under review  and the results will be released as soon as they are available. 

 CTRC ground geophysical surveys (dipole-dipole induced polarisation (IP)  and ground magnetics) and detailed mapping of the geology, silica caps  and clay-alteration, confirm the potential for the discovery of  epithermal gold and possibly deeper, porphyry-style, copper-gold  mineralization, which is summarized on the attached map. These ground  geophysical surveys indicate two large areas of high prospectivity: 





              CENTRAL A large central area with high chargeability at
              depth, coincident with an extensive magnetic low anomaly,
              coincident with a large clay-alteration zone and CTRC and
              historic gold geochemical anomalies and gold anomalous CTRC
              rock samples.

              EASTERN An extensive magnetic low anomaly coincident with
              another large clay-alteration zone with CTRC copper and gold
              soil geochemical anomalies and an historic arsenic
              geochemical anomaly in the southern part.






 As mapped, the CENTRAL area is cut by a west-northwest trending fault  and the EASTERN area is cut by a northeast trending fault. These faults  may be of metallogenetic significance and may also be the conduits of  geochemical dispersion from mineralisation at depth. 

 Nine closely focused exploration targets have been identified, so far,  which will be further refined when the interpretation of the combined  geophysical results from Southern Geoscience Consultants (SGC) of  Perth, Western Australia, is completed. A comprehensive fill-in and  extension exploration program is being planned to fill gaps in the  available data prior to the selection of drill targets. 

 Commenting on the results to date, Mr Willie McLucas, President and CEO  of the Company said "These early stage results from TRIMA 2 have lifted our confidence that  we have good indications for several epithermal gold targets, with  potential for an underlying porphyry copper target". 

 Mr. J.G. Langlands, BSc, FGS, FIMMM, CEng., Principal Geologist and  Qualified Person with ACA Howe, has reviewed and approved the technical  information contained in this news release. 

 Debt Settlement 

 The Company also wishes to announce that, subject to TSX Venture  Exchange approval, it has agreed to issue 4,600,000 shares in  settlement of a total of $230,000 of outstanding debt owing in respect  of legal, book-keeping and administrative services rendered to the  Company. The proposed debt settlement will enable the Company to invest  more of its available cash resources in mineral exploration and  development initiatives in the Philippines. 

 This press release includes certain "forward-looking statements". All statements regarding the ability of the Company to successfully delineate new resources in proposed  drilling programs are forwardlooking statements that involve various risks and uncertainties. There can be no assurance that such statements  will prove to be accurate and actual results and future events could  differ materially from those anticipated in such statements. All  statements that are not historical facts, including without limitation  statements regarding future estimates, plans, objectives, assumptions  or expectations of future performance, are "forward-looking  statements". We caution you that such "forward looking statements"  involve known and unknown risks and uncertainties that could cause  actual results and future events to differ materially from those  anticipated in such statements. Such risks and uncertainties include  risk factors as discussed in the Company's filings with Canadian  securities regulatory agencies. The forward-looking information  contained in this release is made as of the date hereof and the Company  is not obligated to update or revise any forward-looking information,  whether as a result of new information, future events or otherwise,  except as required by applicable securities laws. The foregoing  statements expressly qualify any forward-looking information contained  in this news release. 

 NEITHER THE 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. 

   

Martina Minerals Corp.


CONTACT:  Willie McLucas, President and CEO, + 44 7881 816 980, or by emailat [e-mail] Murray Lyon at MI3 in Montreal, + 1 514 904 1333 or by e-mailat [e-mail] 


    

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