Full Metal expands 40 Mile deposits

Full Metal Minerals (FMM-V) is finally receiving the last of its 2007 drill assays from its 40 Mile property in eastern Alaska.

As it waits for some over-limit assays for samples in excess of 20% lead and 30% zinc, the Vancouver-based company has been sifting through the results from the LWM prospect.

The latest are from six step-out drill holes from the Carbonate Replacement Deposit style massive sulphide mineralization.

Drill hole LWM07-17 returned a 13.1-metre intersection grading 13.3% zinc, 159.2 grams silver per tonne, 9.5% lead and 0.3% copper.

The hole was drilled 40 metres west of hole LWM07-04, which intersected 44.6 metres grading 15.9%zinc, 5.3% lead and 76.6 grams silver per tonne.

Drilling so far has come across massive sphalerite/galena/cchalcopyrite mineralization over 300 metres of strike length and over 200 metres below surface.

Full Metals says the deposit is open in all directions.The stratigraphic section at the LMW prospect includes marble, dolomite, argillite and strongly altered mafic volcanic rocks. It’s located in an area of low relief with minimal outcrop exposure.

There area includes a large ‘kill zone,’ which means there is little vegetation due to acidic soils that may be a product of weathering sulphides.

Both drilling and ground magnetic geophysics suggests that the carbonate package hosting the massive sulfide mineralization dips toward the south and trends toward Full Metal’s Fish prospect, four miles to the northeast.

The company says that because CRD mineralization usually has irregular geometrics, the true widths and orientation of the mineralized zone of LMW are not yet known.

Full Metal is waiting for results from surface sample program on the entire 40 Mile property during 2007. The company expects results from the Oscar, Drumstick and Eva prospects soon.

Final assays from the company’s Lucky Shot property, 90 miles north of Anchorage, Alaska also came out in December.

The drill program tested three of four known fault blocks, extending the continuous gold mineralization to more than 2,400 metres along strike and 700 metres down-dip.

Hole C07-92 from the Murphy zone returned 0.98 metres grading 54.6 grams gold per tonne. This hole was drilled 100 metres from C06-89, which intersected 0.4 metres grading 19.4 grams gold per tonne. The Murphy zone is a north-eastern extension of the past producing War Baby/Lucky Shot mine, discovered in late 2006. Full Metal has more step-out drilling in the works for 2008.

Holes C07-105, 110 and 112 from the near-surface Coleman zone returned 1 metre grading 17.3 grams gold per tonne, 0.5 metres grading 71.6 grams gold and 21.3 grams gold over 0.5 metres, respectively. The majority of drilling has been done on Coleman for the last three years with 2007 drilling aimed at finding new high-grade shoots to the east and west of the known mineralization.