| ||Mon Oct 24, 2011|
Messina Commissions NI43-101 Resource Estimate on Main Zone, Central Newfoundland
| ||Vancouver, BC, October 24, 2011 - Messina Minerals Inc. (TSX-V:MMI) has engaged SRK Consulting (Canada) Inc. ("SRK") of Toronto to prepare a first NI43-101 compliant mineral resource estimate for the Long Lake Main Zone zinc-lead-copper-silver-gold massive sulphide prospect located in central Newfoundland, Canada. The Main Zone prospect is located 22 kilometers northeast of Messina's Boomerang deposit and 48 km southwest of Teck's operating Duck Pond zinc-copper mine. To view a location map please click the following link: |
http://www.messinaminerals.com/i/pdf/MMI_PropertyLocation_2011.pdf. SRK will examine the continuity and grade characteristics of Main Zone base metal mineralization and characterize and produce an NI43-101 compliant estimate of mineral resources as well as a new technical report to support its disclosure.
Zinc-copper-lead massive sulphides were discovered at the Main Zone in 1994 by Noranda. Since 1994 Noranda and Messina have completed a number of drill programs that have intersected base metal mineralization consistently over a 400 meter strike length and down to 750 meters depth. The focus of the mineral resource estimate will be on the 200 meter length where detailed drilling has been completed. This first estimate of Main Zone mineral resources is expected to add to Messina's inventory of zinc-lead-copper resources as well as identifying target areas for further drilling.
Work by Messina at the Main Zone during 2011 included updating models of zinc-lead-copper mineralization, relogging and additional sampling of archived drill core, and additional duplicate assaying of archived assay pulps sufficient to produce a non-NI43-101 compliant in-house wireframe estimate of Main Zone volume and base metal distribution. Recently SRK completed a site inspection, collected and assayed a series of field duplicates, and inspected Messina's Main Zone assay database and wireframe models. Messina expects to receive from SRK a summary estimate of Main Zone mineral resources later this year, with the technical report to follow within 60 days.
SRK has a demonstrated track record in undertaking independent assessments of Mineral Resources and Mineral Reserves, project evaluations and audits, technical reports and independent feasibility evaluations to bankable standards on behalf of exploration and mining companies and financial institutions worldwide.
Peter Tallman, President of Messina states, "The Main Zone potentially represents a significant addition to Messina's base metal inventory in central Newfoundland. An NI43-101 estimate should quantify the resource characteristics and more importantly help identify areas where further exploration is warranted. We welcome the experienced professional assistance of SRK in providing this review."
Messina Minerals Inc. is a leading explorer for zinc-lead-copper-silver-gold massive sulphide deposits in Newfoundland, Canada on its extensive 400 square kilometer mineral lands in a region known historically for its base metal resources. The Company has made massive sulphide discoveries including "Boomerang" and "Domino" which include NI43-101 compliant indicated mineral resources of 1.4 Mt grading 7.1% Zn, 3.0% Pb, 0.5% Cu, 110 g/t Ag and 1.7 g/t Au plus inferred mineral resources of 0.7 Mt 6.5% Zn, 2.8% Pb, 0.4% Cu, 95 g/t Ag and 0.9 g/t Au. See our website for more information.
Peter Tallman, P.Geo., CEO and President of Messina Minerals Inc. is the Qualified Person who has reviewed and is responsible for the technical data contained in this news release.
ON BEHALF OF THE BOARD OF DIRECTORS OF
MESSINA MINERALS INC.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information
Peter Tallman, President
Phone: (604)688-1508 Fax: (604) 601-8253
You can view the Next News Releases item: Fri Dec 16, 2011, Messina Commences Drilling at Brook Zone, Victoria Property
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