Windarra Minerals Ltd.
TSX VENTURE : WRA

Windarra Minerals Ltd.

October 26, 2007 12:58 ET

Complete Results for Diamond Drilling of Windarra's Pukaskwa Property Demonstrate Excellent Continuity and Significant Grades for the Middle Finger Lake Zone

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 26, 2007) - Windarra Minerals Ltd. (TSX VENTURE:WRA) is pleased to announce the results of the final nine diamond drill holes of a 14 hole, 824 metre drill program on its wholly-owned Pukaskwa property in the Marathon-Wawa area of northwestern Ontario. All of the holes intersected the mineralized zone (see Table I and accompanying Figures). The best intersections include: 3.44 g/t (0.10 oz/t) gold over 3.90 metres in hole PK07-06, 3.78 g/t (0.11 oz/t) gold over 2.87 metres in hole PK07-12, 4.45 g/t (0.13 oz/t) gold over 3.06 metres in hole PK07-13, and 3.06 g/t (0.089 oz/t) gold over 1.99 metres in hole PK07-14. The results for the first five holes, which averaged 6.53 g/t (0.191 oz/t) gold over 3.87 metres, were reported previously (see Table II, and News Release dated July 26, 2007).



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Table I: Middle Finger Lake Zone Diamond Drillhole Intersections-
this release
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Drillhole Angle From To Interval Au (g/t) Au (oz/t)
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PK07-06 -75 6.00 21.09 15.09 0.91 0.03
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including 11.50 15.40 3.90 3.44 0.10
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PK07-07 -45 11.00 17.20 6.20 0.15 0.004
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PK07-08 -75 9.00 10.50 1.50 0.32 0.009
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PK07-09 -45 50.05 51.48 1.43 0.10 0.003
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PK07-10 -75 51.11 53.30 2.19 1.17 0.03
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including 48.00 53.30 5.30 0.52 0.01
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PK07-11 -45 34.45 39.00 4.55 0.43 0.01
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PK07-12 -75 34.63 37.50 2.87 3.78 0.11
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including 33.00 38.50 5.50 2.09 0.06
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PK07-13 -48 20.54 23.60 3.06 4.45 0.13
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including 17.55 26.60 9.05 1.63 0.05
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PK07-14 -75 20.03 22.02 1.99 3.06 0.09
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including 19.49 26.75 7.26 1.18 0.03
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The drilling, undertaken in early- to mid-June, tested a zone exposed in an earlier trenching program (see News Releases dated April 5, 2006 and July 25, 2006). In the trenches, five channel samples across the zone yielded an average gold grade of between 5 and 6 g/t across nearly 6 metres. It was this work, along with geophysical, and geochemical surveys, which suggested the sizeable near-surface potential of the zone. The drill program has so far tested only a very limited strike length of the gold mineralization, which remains open along trend to the west and at depth. To the east, holes PK07-07 and 08 intersected the zone but yielded only low grade values. However, the soil geochemical and geophysical signature (IP chargeability) of the zone continues, and so it clearly merits further testing. Together, the drill and channel sample intersections reported herein and in previous news releases, yield significant intersections across a variety of mineable widths in the Middle Finger Lake zone, confirming that it has the potential to host a significant tonnage of near-surface gold mineralization on the Pukaskwa property. The property also has significant potential to host narrower but much higher-grade mineralization, as is evidenced in the Bonanza-Grade zone (see News Releases dated July 25, 2006 and July 25, 2005).

The aim of this small-scale drill program was to test the down-dip potential of the Middle Finger Lake zone and its coincident geochemical and geophysical (IP chargeability) anomalies along trend from the Middle Finger Lake zone trench. The zone is otherwise poorly-exposed, and the program has therefore tested only a very limited portion of the coincident anomalies, which can be traced continuously from the area of trenching for nearly a kilometer along strike, and which are paralleled by anomalous zones of broadly similar character to the southwest and northeast. The drill sections clearly indicate that the zone has down-dip and along-strike continuity, and they suggest that the zone may pinch and swell somewhat, with the thicker and higher-grade part of the zone drilled to date exhibiting a westerly plunge.



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Table II: Middle Finger Lake Zone Diamond Drillhole Intersections
Recalculation of Holes Released Previously
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Drillhole Angle From To Interval Au (g/t) Au (oz/t)
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PK07-01 -50 9.76 16.31 6.55 4.16 0.121
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including 11.43 14.23 2.80 8.78 0.256
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including 11.43 12.54 1.11 15.87 0.463
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PK07-02 -65 9.25 18.29 9.04 3.41 0.100
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including 11.25 14.49 3.24 9.37 0.274
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including 11.25 12.75 1.50 11.78 0.344
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PK07-03 -55 12.00 32.50 20.50 1.07 0.031
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including 27.10 29.80 2.70 4.48 0.131
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PK07-04 -75 10.85 24.00 13.15 3.14 0.092
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including 16.80 20.70 3.90 7.25 0.212
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PK07-05 -45 3.90 20.00 16.10 1.49 0.044
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including 11.47 14.43 2.96 7.40 0.216
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Mineralization at the Middle Finger Lake zone consists of variably sulphide-infused well-foliated fine-grained quartzofeldspathic metasedimentary rocks. The sulphide-rich zones are typically cored by decimetre-scale boudinaged quartz-carbonate-tourmaline veins, with which the most abundant sulphides and the best gold grades are closely associated. The veins are richer in quartz toward the center, and the quartz is intergrown with calcite. Calcite increases in proportion toward the vein margins, and there it occurs in close association with tourmaline and with sulphides. Pyrrhotite is typically the most abundant overall sulphide in the zones, and is commonly intimately intergrown with tourmaline near vein margins. Gold grades appear to be most closely associated with arsenopyrite, which is typically most abundant in the immediate selvages of the quartz-carbonate-tourmaline (pyrrhotite) veins. Local pyrite and chalcopyrite are also present, and the host rocks are strongly chlorite- and sericite-altered, as well as locally intensely veined by foliaform calcite veinlets. The mineralizing event appears to be pre-kinematic.

Future Work:

Windarra plans to further drill-test the Middle Finger Lake zone, with the initial focus being west-southwest along trend from the present holes, where IP chargeability and Au- and As-in-soil geochemical signatures are highly anomalous. Windarra also plans to drill-test the Bonanza-Grade zone, which has not yet been drilled, as well as other targets on the property. Prior to drilling the Bonanza-Grade zone, the intent is to strip the area of strongly anomalous soil geochemistry eastward along strike of the zone, mainly to provide geologic control for drilling in that area.

The Pukaskwa property is located 50 kilometres west of Wawa, Ontario, less than 20 km northwest of Wesdome's Eagle River Mine, which has produced approximately 600,000 ounces gold since 1995. The property, which consists of a belt of 55 contiguous unpatented mining claims spanning a length of over 13 km, also lies 20 km southwest of the formerly-producing Magnacon mine, in which Windarra holds an interest. Like the Pukaskwa property, the Magnacon properties lie along the highly prospective Mishibishu gold belt.

The field and analytical data described in this release has been reviewed and approved by C.J. Greig, M.Sc. P.Geo., a Qualified Person as defined by National Instrument 43-101. A quality assurance/quality control program is in place for the Pukaskwa drilling, with the insertion of blank samples in the field, and standards in the lab. All samples from the drilling program were sawn using a core saw, with samples submitted to ALS Chemex Laboratories of Thunder Bay, Ontario and North Vancouver, B.C. for preparation and analysis. All gold analyses reported in this release were completed using conventional fire assay techniques. Ten samples which yielded higher gold values were re-run using metallic screen assaying techniques, but the results were essentially equivalent. In addition, approximately half of the samples yielding higher arsenic contents (greater than 2000 ppm) were re-run using a larger (50 vs. 30 gram) fusion size, again yielding equivalent results for gold.

On behalf of the Board of Windarra Minerals Ltd.

John Pallot, President

To view the Figures accompanying this release please click on the following link: http://www.ccnmatthews.com/docs/wra1026.pdf

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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