Full Metal hits good grades in Alaska

Drill results from Full Metal Minerals (FMM-V) Fortymile Property in Eastern Alaska failed to garner market attention despite promising results on Thursday.

Highlights from 13 drill holes at the LWM carbonate replacement deposit include:

• Hole LWM08-35: 12.2 meters true width averaging 6.4% zinc, 2.7% lead and 39.1 grams silver per tonne.
• Hole LWM08-44: 2.3 meters true width averaging 12.2% zinc, 31.6% lead and 479.2 grams silver.
• Hole LWM08-49: 4.5 meters true width averaging 7.9% zinc, 14.5% lead and 179.2 grams silver.
• Hole LWM08-49: 6.2 meters true width averaging 18.2% zinc, 4.3% lead and 165.7 grams silver.
• Hole LWM08-53: 5.8 meters true width averaging 13.4% zinc, 4.3% lead and 74.8 grams silver.

Full Metal says it has thus far traced two parallel zones of massive carbonate-replacement mineralization over 700 meters of strike length and over 300 meters below surface. The deposit is open in all directions.

For the year that 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 step-out and infill holes on 50 metre centers along strike and down-dip. 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. Its shares were trading flat in Toronto on Oct. 9 at 40. Its shares have moved between $2.82 and 36 over the last 52-week period and it has 39 million shares outstanding.