Wednesday, November 26, 2008

Full Metal Minerals High Grade Silver Drilling - Nov 26, 2008

Full Metal Minerals said drilling at its eastern Alaska-based Fortymile property shows sections of high-grade zinc, lead, silver and copper. The areas intersected during the miner's 2008 drilling program include a 1.5-meter swatch grading 12.4% zinc, 30.0% lead, and 186.3 g/t silver, and another 1.2-meter region grading 24.8% zinc, 10.0% lead and 192.4 g/t silver.In addition, two drill holes on a southwestern.

Portion of the site showed in excess of 30% combined lead-zinc mineralization along with excellent silver and copper values," Full Metal said. The company said the Fortymile deposit is open for expansion in all directions. Full Metal said it has an option to acquire a 100% interest in the Fortymile iste from Doyon Ltd, an Alaska Native Regional Corporation. Under the agreement, the miner is required to pay Doyon $325,000 over six years.

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