Full Metal Minerals Ltd.

Full Metal Minerals Ltd.

August 31, 2009 09:01 ET

Full Metal Announces Zinc-Lead-Silver Exploration Programs Underway

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2009) - Full Metal Minerals (TSX VENTURE:FMM) is pleased to announce that exploration programs targeting high-grade zinc-lead-silver mineralization are underway at three projects in Alaska and Yukon. Full Metal will continue to advance these key assets in anticipation of an improving base metal market.


Previous exploration and drilling by Full Metal at Fortymile has resulted in the discovery of the LWM deposit, a high grade zinc-lead-silver Carbonate Replacement Style (CRD) system. Multiple other prospective targets have also been identified on the Property.

Field crews recently completed geological mapping, soil and rock chip sampling on additional target areas. Full Metal is targeting CRD style mineralization, copper-gold skarn mineralization and epigenetic gold mineralization. Results are currently pending for this program, with additional follow up work planned for September 2009.

To date at LWM, two subparallel zones of massive carbonate-replacement (CRD) mineralization have been traced over 700 meters of strike length and over 300 meters below surface. The deposit is open for expansion in all directions. Previously announced drill results include:

- LWM07-04: 44.6 meters averaging 15.7% Zn, 5.3% Pb, 76.0 g/t Ag

- LWM07-07: 11.1 meters averaging 26.3% Zn, 11.7 % Pb, 169.8 g/t Ag

- LWM07-09: 6.5 meters averaging 31.6% Zn, 11.3% Pb, 464.2 g/t Ag

- LWM07-19: 5.6 meters averaging 31.8 % Zn, 19.9 % Pb, 346.8 g/t Ag

- LWM08-32: 17.7 meters averaging 14.5% Zn, 11.1% Pb, 217.5 g/t Ag

The LWM discovery, the Fish oxide zinc-silver discovery (See FMM NR 2007 #21), as well as the Oscar, Eva and Drumstick regional targets occur within an extensive trend of CRD-style prospects, the majority of which have never been drill tested.

Full Metal has option(s) to earn 100% leasehold interests within 235,376 acres of lands selected by Doyon Limited, an Alaska Native Regional Corporation (See FMM 2006 NR #9, dated May 23, 2006).


The Angie-Cat property is hosted within a 90km long trend of zinc-lead-silver occurrences, located south of Ross River, Yukon. During 2008, Full Metal identified new and historic occurrences of mineralization along this trend.

At the Keats Prospect, in 2008 Full Metal discovered a new occurrence of subcropping boulders of Sedimentary Exhalative Deposit Style (SEDEX) massive sphalerite and galena spanning 1,300 meters of strike length. A total of eleven rock samples were taken at Keats, ranging from 0.1 to 47.2 % Zn, averaging 21.7%; trace to 22.0% Pb, averaging 3.0%; and 0.5 to 100.0 g/t Ag, averaging 18.8 g/t. Additionally, at the Angie Prospect, soil sampling during 2008 by Full Metal identified a 5,000 meter long anomaly (greater than 1000 ppm Zn), including a 1,300 meter long area (greater than 2,000 ppm Zn).

At the southeast end of the trend, soil sampling by Full Metal in 2008 outlined multiple anomalies of zinc, lead and silver at the Nebocat Prospect. A 2,000 meter long multielement soil anomaly (greater than 1000 ppm Zn, greater than 500 ppm Pb, greater than 3 ppm Ag) was identified, centered on a 200 meter long, by 10 meter high outcrop of SEDEX style massive sulphides, with coarse grained pyrite, sphalerite and galena.

Exploration currently underway will focus on expanding the known extent of the surface mineralization and identifying drill targets at the Keats and Nebocat prospects. The program will also explore additional targets along the 90km long trend. Additionally, a soil grid will be completed over the Keats prospect, as well as reconnaissance prospecting and soil sampling. The 2009 program will refine these targets for a 2010 drill program.


The Nadaleen Project area comprises six prospects, targeting CRD style deposits hosting high grade silver-lead-zinc mineralization. These occurrences are located within one of the most extensive regions of CRD mineralization identified worldwide.

The most significant results from the 2008 Exploration Program at Nadaleen included high grade mineralization discovered along 3,200 meters of strike length at the DF Prospect. Numerous occurrences of outcropping massive sulphides were identified; 18 surface samples assaying over 65 g/t Ag averaged 298 g/t Ag, 26.9% Pb and 5.4% Zn. Five of these samples averaged over 500 g/t Ag, up to 688 g/t Ag. A total of 46 rock samples were collected at the DF Prospect, averaging 120 g/t Ag, 10.7% Pb and 5.2% Zn. Samples range from to trace values to 688 g/t Ag, 67.2% Pb and 19.4% Zn. Rock samples are mostly chip and grab samples collected through prospecting.

The current field work at Nadaleen will include expanding the known extent of mineralization at the DF prospect through mapping and geological sampling, and by the completion of a soil grid. Other targets will also be. This work will refine drill targets at the DF prospect to be tested in 2010.

Full Metal's 2009 exploration program at the Fortymile, Angie-Cat and Nadaleen projects are being performed under the supervision of Robert McLeod, P.Geo, Vice-President Exploration for Full Metal Minerals, and a Qualified Person as defined by NI 43-101. Samples are placed in sealed bags and shipped to ALS-Chemex Labs facility in Fairbanks, Alaska and Vancouver, B.C. A sample quality control/quality assurance program is in place. Mr. McLeod prepared and approved the information contained in this release.

Full Metal is a generative exploration company with multiple precious and base metal projects in Alaska and the Yukon. The Company has Joint Venture Agreements with Kinross Gold, Freeport McMoRan, Mosam Capital, Triex Minerals, Altair Ventures, Highbury Projects, and Ashburton Ventures.


Michael Williams, President and Director

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.

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

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