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Volcanogenic zinc-lead-copper-silver-gold massive sulphide deposits.
Mesothermal gold deposits.
Messina's Boomerang, Domino, Hurricane, and Tulks East B Zone mineralized zones are within the project.
65 km southwest by road from the Duck Pond Mine.
Messina earned a 100% interest from Xstrata Zinc Canada (formerly Falconbridge Limited, successor to Noranda Inc.). Xstrata retains: the right of first refusal to purchase mineral concentrates at commercial rates; and the right at Xstrata's election to be paid a 2% NSR or to back-in for a 50% interest if a >10 million tonne ore deposit with a positive feasibility is delineated. Windarra Minerals retains a 2% NSR on Messina's share of production capped at $2 million maximum. Tulks Resources retains a 0.5% NSR on Messina's share of production payable in cash or shares at Messina's election.
SUMMARY MINERAL RESOURCES (refer to Mineral Resources section)
Boomerang indicated mineral resources (Snowden 2007):
1,364,000 tonnes @ 7.1% zinc, 3.0% lead, 0.5% copper, 110 g/t silver, 1.7 g/t gold
Boomerang inferred mineral resources (Snowden 2007):
689,300 tonnes @ 6.5% zinc, 2.8% lead, 0.4% copper, 95 g/t silver, 0.9 g/t gold
Technical Report on the Tulks South Property, Sparkes Consulting Limited, 601 pp., February 24, 2006; SEDAR filed March 15, 2006.
Technical Report on the Tulks South Property, FORTIS GeoServices Limited, 158 pp., June 15, 2006; SEDAR filed August 24, 2006.
Technical Report Mineral Resource Estimate on the Tulks South Property, Snowden Group and FORTIS Geoservices, 97 pp., August 1, 2007; SEDAR filed August 2007.
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