Full Metal Minerals sifts through 40 Mile results

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

The Vancouver-based company recently announced results from another six drill holes at its LWM prospect.

The holes are all stepouts from the Carbonate Replacement Deposit (CRD) style massive sulphide mineralization.

Drill hole 7-17 returned a 13.1- metre intersection grading 13.3% zinc, 159.2 grams silver per tonne and 9.5% lead.

The hole was drilled 40 metres west of hole 7-04, which intersected 44.6 metres grading 15.9% zinc, 5.3% lead and 76.6 grams silver.

Drilling so far has come across massive sphalerite-galena-chalcopyrite mineralization over more than 300 metres of strike length, stretching 200 metres below surface.

The company is still waiting for results of five more holes, and some over-limit assays for samples in excess of 20% lead and 30% zinc.

Full Metal says the deposit is open in all directions.

The stratigraphic section at the LWM prospect includes marble, dolomite, argillite and strongly altered mafic volcanic rocks. It’s located in an area of low relief with minimal outcrop exposure.

The area includes a large kill zone, where there is little vegetation due to acidic soils that may be a product of weathering sulphides.

Both drilling and ground magnetic geophysics suggest that the carbonate package hosting the massive sulphide mineralization dips toward the south and trends toward Full Metal’s Fish prospect, 6.4 km northeast.

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

Full Metal is waiting for results from its surface-sample program, which covered the entire 40 Mile property last year. Results from the Oscar, Drumstick and Eva prospects are expected soon.

Final assays from the company’s Lucky Shot property, 145 km 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 downdip.

Hole C07-92, from the Murphy zone, returned 0.98 metre grading 54.6 grams gold per tonne. This hole was drilled 100 metres from C06- 89, which intersected 0.4 metre grading 19.4 grams gold per tonne. The Murphy zone is a northeastern extension of the past-producing War Baby/Lucky Shot mine, discovered in late 2006. Full Metal has more stepout 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 metre grading 71.6 grams gold and 0.5 metre averaging 21.3 grams gold, respectively.

The majority of drilling has been carried out 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.