Full Metal Minerals Ltd.

Full Metal Minerals Ltd.

December 10, 2007 09:00 ET

Altair and Full Metal's Initial Drill Program at CJ Property Encounters Gold Mineralization Over 2 Kilometers of Strike Length

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 10, 2007) - Full Metal Minerals (TSX VENTURE:FMM) and Altair Ventures Inc. (TSX VENTURE:AVX) are pleased to announce that assay results have been received from an eight hole, 1,015 meter drilling program at the CJ Gold Project in Alaska. All eight drill holes encountered gold mineralization. An aggressive follow-up drill program to step-out from mineralization encountered in this initial drilling phase is planned to commence in early 2008.

The 2007 program was the first modern exploration on the CJ Property since 1980, where four gold producing mines ceased production in 1940. The initial drill program intersected gold mineralization in three locations, spanning over 2,000 meters of strike length.

In 1980, a 10 hole drill program produced high-grade gold results at the Dawson Mine (see FMM NR#23 September 25, 2007). Full Metal and Altair are pleased that the current results show the continuity of gold mineralization and confirm the potential for an additional high-grade zone. The deposit is wide open for expansion.

The target at CJ is a sediment-hosted, structurally controlled, high-grade gold vein system located adjacent to a paved highway. The historic gold mines occur within a structural corridor that has a strike length of 3,200 meters and spans 500 vertical meters. Drilling completed by Altair and Full Metal confirms the strike extent of the gold-bearing system. Drill hole collar locations and a plan map can be viewed at www.fullmetalminerals.com.

Drill holes CJ07-01 to 03 were drilled to intersect the down-dip extension of vein mineralization exposed in a small underground stope at the Crackerjack mine. Hole CJ07-01 was drilled at -65 to intersect the structure 50 meters down-dip from historic stopes, CJ07-02 approximately 100 meters down-dip and 25 meters along strike to the south, with CJ07-03 a vertical hole, approximately 150 meters down-dip. All holes penetrated the target structure on projection and discovered a new vein, approximately 15 meters up-dip. The veins host disseminated sulphides consisting of pyrite (1%-5%) and subordinate chalcopyrite, sphalerite, and galena.

Drill holes CJ07-04 and 05 were drilled to intersect similar vein mineralization in black shale exposed in the Hollis Tunnel 800 m southeast of the Crackerjack mine. Underground sampling at Hollis during 2007 averaged 30.9 g/t Au and 46.4 g/t Ag. Both holes intersected the targeted vein on projection associated with an andesite sill, at 50 and 100 meters down-dip from the Hollis tunnel, respectively.

Sheeted quartz veins hosting gold mineralization were encountered in all three areas: Results are as follows;

From To Length Au Ag
Hole-ID (m) (m) (m) (g/t) (g/t)

CJ07-01 89.76 90.60 0.84 1.22 6.1

94.90 98.11 3.21 4.94 5.7
including 94.90 95.61 0.71 20.90 19.5

CJ07-02 107.65 111.25 3.60 4.23 11.4
including 109.90 111.25 1.35 8.72 12.5

155.20 155.60 0.40 2.51 276.0

CJ07-03 103.90 110.16 6.26 2.74 42.7
including 107.93 110.16 2.23 5.47 63.7

113.84 115.82 1.98 1.16 4.2

CJ07-04 92.00 92.45 0.45 1.30 4.3

CJ07-05 99.51 100.58 1.07 4.15 20.0

CJ07-06 42.45 44.50 2.05 9.56 76.7

CJ07-07 42.60 43.61 1.01 1.75 9.8

45.84 48.79 2.95 2.01 8.2

67.76 69.97 2.21 1.83 15.2

CJ07-08 67.81 69.13 1.32 1.27 1.4

(i)True widths are estimated to range from 86 to 100% of drilled length

Drill holes CJ07-06 to 08 are located near the Dawson Mine, a historic gold producer, on the southern margin of the property, where multiple high-grade intercepts were drilled in the 1980's (see FMM NR#12, May 17, 2007). Holes CJ07-06 and -08 were angled at azimuths of 140 and 90 respectively from the same drill pad, and were drilled to intersect the Humboldt vein exposed in a trench near the Humboldt adit and the Free Gold vein exposed in a road cut. Drill hole CJ07-07 is a vertical hole collared from the same pad as 07-06. All three holes intersected the same vein structure at 25- to 55 m depth associated with a fault zone that was difficult to penetrate with the drill, and where recoveries of core were low (56%, 69%, and 22% respectively).

The CJ Property is well located on east-central Prince of Wales Island in southeast Alaska. The southern boundary of the Property has access to both a high-voltage power line and a state maintained paved highway connecting the community of Craig to a ferry terminal at Hollis.

The 2007 exploration program at CJ was supervised by Greg Thurow CPG#3403 (Wyoming) with Alaska Earth Sciences, an Anchorage-based Consulting Group and a Qualified Person as defined by NI 43-101. Drill cores were cut in half using a diamond saw, with one-half placed in sealed bags, and delivered to ALS-Chemex Labs facility in Vancouver, B.C. A sample quality control/quality assurance program was implemented. Contents of this release were written and approved by Robert McLeod, P.Geo., Vice President of Exploration for Full Metal Minerals and a Qualified Person as defined by NI 43-101.

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


Michael Williams, President and Director

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

Contact Information