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Skidder Project PROSPECTIVE FOR:Volcanogenic zinc-lead-copper-silver-gold massive sulphide deposits. PROPERTY SIZE:
PROPERTY LOCATION:Central Newfoundland. 50 km northeast by road from Messina's Boomerang mineral resource. 65 km north by road from the Duck Pond Mine. 13 km south of the town of Buchans. OWNERSHIP INTEREST:100% Messina with no underlying royalties on 19 claims. Earning a 100% interest on an additional 19 claims from a South Coast Ventures by spending $1.25 million by March 2011 of which $367,000 has been spent. Highlights:The "Skidder deposit" was discovered by the Asarco/Abitibi-Price Joint Venture in 1970. Asarco drilled 39 holes up to 1975 on the zinc-copper massive suphide prospect. Based upon this work, in 1980 Abitibi estimated a mineral resource at the 'Skidder deposit' of 1 million tonnes grading 2% copper and 2% zinc. Messina cautions that this is an historic estimate of resources and should not be relied upon. Messina has drilled 10 holes at Skidder and generally confirmed the copper and zinc assay grades, but Messina has not done sufficient work to estimate mineral resources.
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