Recent drill results from Full Metal Minerals’ (FMM-V, FLMTF-o) 40 Mile property, in Eastern Alaska, failed to garner market attention, despite some promising grades.
Highlights from 13 drill holes at the LWM carbonate-replacement deposit include: 12.2 metres averaging 6.4% zinc, 2.7% lead and 39.1 grams silver per tonne in hole 08- 35; 2.3 metres grading 12.2% zinc, 31.6% lead and 479.2 grams silver in hole 08-44; 4.5 metres averaging 7.9% zinc, 14.5% lead and 179.2 grams silver in hole 08-49; and 6.2 metres averaging 18.2% zinc, 4.3% lead and 165.7 grams silver in hole 08-49. All the intervals represent true widths.
Full Metal says it has thus far traced two parallel zones of massive carbonate-replacement mineralization over 700 metres of strike length and up to 300 metres below surface. The deposit is open in all directions.
For the year, the company has finished drilling 39 holes at LWM and reports that massive to semi-massive sphalerite-galena-chalcopyrite mineralization was intersected in the majority of holes.
It is now drilling stepout and in-fill holes on 50-metre centres along strike and downdip. It describes mineralization as occurring within dolomitized marble host rock, with the primary zone sitting adjacent to a fault zone.
Vancouver-based Full Metal has precious and base metal projects in Alaska and the Yukon.
Full Metal’s stock remained flat on the news at 40. Its shares have moved between $2.82 and 36 over the last year and the company has 39 million shares outstanding.
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