Full Metal Minerals Ltd.

Full Metal Minerals Ltd.
Highbury Projects Inc.

Highbury Projects Inc.

November 06, 2007 09:15 ET

Joint News Release: Full Metal and Highbury Discover 8.9 g/t Gold Over 11 Meters in Trench at Moore Creek Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2007) - Full Metal Minerals (TSX VENTURE:FMM) ("Full Metal") and Highbury Projects Inc. (TSX VENTURE:HPI) ("Highbury") are pleased to announce a significant gold discovery at the Moore Creek Property ("The Property"), located in the Kuskokwim region of West Central Alaska.

Three new discoveries (Spring Zone, Troy Zone and Broken Shovel Zone) were made during a two-phase trenching program and multiple styles of gold mineralization have been identified. The grade and width of gold mineralization coupled with alteration intensity increases towards the south. The discoveries occur at the headwaters to significant placer gold producing streams - State of Alaska Records (2005) report that Moore Creek has produced over 60,000 ounces of placer gold, often of an exceptionally coarse nature and noted for attached quartz vein rock. Mineralization is located adjacent to a major fault zone, which is associated with Novagold/Barrick's Donlin Creek deposit located 90km to the southwest of the Property. Full Metal and Highbury are planning a 3,000 meter diamond drilling program to commence in March 2008 at the Property to follow-up on the discoveries.

Spring Zone

Mechanical trenching revealed a 'blind discovery' of sheeted quartz-tourmaline veins with coarse gold and disseminated sulphides at the Spring Zone. Seven trenches were completed spanning 300 meters of strike length, all of which contained gold mineralization across the full length of the trenches. Highlights include:

- 8.86 g/t Au over 11.0 meters in Trench 20

- 3.36 g/t Au over 4.0 meters in Trench 23

- 2.99 g/t Au over 11.9 meters in Trench 17

- 2.17 g/t Au over 9.3 meters in Trench 18

Mineralization continues below the deeper overburden across strike to the north and south. The Spring Zone is and is open for expansion to the east, west and south. Steeply dipping sheeted quartz veins range from one to 10 centimeters thick, and are hosted within pervasive tourmaline altered and silicified monzonite intrusive rock. A total of 40 samples were taken from the Spring Zone (the majority of which are channel samples) with grades ranging from 30.15 g/t Au to 0.005 g/t Au, and averaging 2.38 g/t Au.

Troy Zone

The Troy Zone is located immediately north of the Spring zone; mineralization has been traced for over 200 meters along strike and is typified by quartz veins with strong coarse gold mineralization within a broad, lower grade zone. One quartz vein has been traced in excess of 50 meters of the strike length through trenching. The vein was sampled in three locations; grades include 88.5 g/t Au over 0.2 meters, 36.0 g/t Au over 0.2 meters, and occurs within a 3.0 meter channel that averaged 7.6 g/t Au. Wide zones of gold mineralization occur in the Troy zone, including Trench 16 which hosts 33.5 meters averaging 0.62 g/t Au along the full trench length. This trench is the westernmost completed to date.

A total of 177 samples of bedrock and colluvium were taken from a 200 by 200 meter area of the Troy Zone (the majority of which are channel samples). Samples range from 88.53 g/t Au to 0.05 g/t Au, with an average of 0.77 g/t Au. A total of 16 samples assayed over 1 g/t Au, averaging 9.89 g/t Au. Mineralization is open for expansion to the west and east.

Broken Shovel

Located 200 meters due north of the Troy Zone, the Broken Shovel prospect is typified by a steeply dipping quartz vein. During 2006, Full Metal collected twelve samples from the prospect; samples ranged from trace to 3.84 g/t Au and 2.0 to 1,105 g/t Ag, averaging 0.85 g/t Au and 166 g/t Ag. Highly anomalous bismuth, arsenic and mercury were also returned.

Three trenches were completed during 2007, each encountering anomalous gold including two separate one meter wide channel samples located 25 meters apart averaged 0.3 g/t and 0.7 g/t Au respectively.

Moore Creek Property

The 14,250 hectare Property is located in the historic Iditarod placer mining district, approximately 80 km southwest of McGrath, Alaska. Moore Creek is 90 km northeast of the giant Donlin Creek Gold Deposit and is hosted within a similar geologic setting. The Property had received minimal modern exploration, and has never been drill tested.

Gold mineralization identified to-date at the Property are all hosted within the Moore Creek pluton, an early Tertiary age monzonite intrusive. Gold mineralization and alteration intensity is increasing to the south, proximal to a regional fault zone. This primary target area south of the Spring Zone is covered by overburden too thick to access by trenching, and represents a primary drill target for 2008. Maps with surface sampling results for Moore Creek can be reviewed at www.fullmetalminerals.com.

State of Alaska Records (2005) report that Moore Creek has produced over 60,000 ounces of placer gold, often of a coarse nature and noted for attached quartz vein rock. The nature of the placer gold suggests close proximity to a bedrock source within the Moore Creek pluton. Gulches converging on the recent discoveries have all been mined for placer gold. Many large gold/quartz specimens have been collected suggesting a source within the intrusive, however, others have attached volcanic material suggesting additional potential for gold-bearing veins within the volcanics surrounding the monzonite intrusive. An active placer mine is in operation on the property, along with a recreational mining business where large gold/quartz/tourmaline specimens are found with metal detectors. Photos of these specimens and the Moore Creek property can be seen at www.moorecreek.com.

Exploration at the Moore Creek Property was managed by David Hedderly-Smith, CPG, under the supervision of Robert McLeod, P.Geo., VP of Exploration for Full Metal Minerals. Both are Qualified Persons as defined by NI 43-101. Rock and soil samples were placed in sealed bags, and shipped to Alaska Assay Labs in Fairbanks for gold plus multielement ICP analysis. Gold was analyzed by 30 g/t Au AAS method, with all samples over 5 g/t Au analyzed by metallic screen. A sample quality control/quality assurance program was implemented. These results were reviewed and approved for release by Mr. McLeod.

Full Metal is a generative exploration company with twelve active projects in Alaska and one in the Yukon Territory. The company currently has six active Joint Venture Agreements. Drill results are expected shortly from the high grade 40 Mile Zinc-Lead-Silver Project, the Lucky Shot Gold Project, CJ Gold Project, Inmachuk Zinc-Lead-Silver Project, and the Boulder Creek Uranium Project.

Highbury is a Vancouver based company that is earning a 60% interest in the Property by committing to fund US$2.1 million in exploration expenditures over a period of four years at Moore Creek.


Full Metal Minerals Ltd.

Michael Williams, President and Director

Highbury Projects Inc.

Anish Sunderji, CEO and Director

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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