Full Metal Stakes Extensive Land Package in the Circle Mining District, Alaska
17 May 2011 - 11:00PM
Marketwired
Full Metal Minerals Ltd. (TSX VENTURE: FMM) ("Full Metal") is
pleased to announce that the Company has staked 429 State mining
claims totaling 23,747 hectares within the Circle placer mining
district, Alaska.
Located approximately 130 km northeast of Fairbanks, the Circle
mining district has road access, and is one of the largest and
richest placer gold producing regions in the Tintina gold belt.
Unlike similar placer gold camps in the Livengood, Fairbanks, and
Dawson mining districts, no significant lode source has been
identified in this underexplored region. Over 1,086,000 ounces of
placer gold production have been reported in the area (Alaska
department of Geological and Geophysical Surveys, 2008).
The Circle area is underlain by multiple host rock types that
may be favorable to gold mineralization and is equivalent to
bedrock in the Clear Creek-Dublin Gulch-Keno Hill area of the
Yukon. The bedrock consists primarily of northwest oriented stacked
thrust sheets of Paleozoic mafic-felsic schists and quartzites with
local zones of hornfels associated with Cretaceous and Tertiary
aged granitic intrusives and Tertiary mafic dikes. Structurally,
the area has been strongly influenced by the Tintina Fault, which
forms the northern boundary of the district. Several areas of
veining and/or alteration with gold and/or sulfide showings are
known throughout the district, however minimal modern exploration
has been performed for lode gold. Mineralization appears to occur
in all rock types, but is mostly strongly associated with mafic
schists and Cretaceous aged intrusive units. It has been suggested
that most of the gold in the district is related to the granitic
intrusive units.
Full Metal is initiating an extensive reconnaissance mapping and
soil gridding program on its four large claim groupings in the
Circle district, and will conduct work throughout the summer field
season. The Company will be utilizing a similar methodology its
team used for Underworld Resources, which lead the successful
discovery of gold mineralization in the White Gold District,
Yukon.
Full Metal Minerals is a generative exploration company with
multiple precious and base metal projects in Alaska. Drilling will
commence shortly on the Company's Pyramid Cu-Au-Mo porphyry
project, funded by Antofagasta Minerals.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Williams, President and Director
This news release includes certain forward-looking statements or
information. All statements other than statements of historical
fact included in this news release, including, without limitation,
statements regarding plans for the completion of a proposed
Arrangement, the structure of such Arrangement and other future
plans and objectives of Full Metal are forward-looking statements
that involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from Full Metal's plans or
expectations include Full Metal's ability to obtain approval of the
TSX Venture Exchange, the Supreme Court of British Columbia and the
shareholders of Full Metal to the proposed Arrangement and general
economic, market or business conditions, regulatory changes and
other risks detailed herein and from time to time in the filings
made by Full Metal with securities regulators. Full Metal expressly
disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise except as otherwise required by
applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Full Metal Minerals Ltd. Jeff Sundar Vice President
604-484-7855 604-484-7155 (FAX) info@fullmetalminerals.com
www.fullmetalminerals.com
Full Metal Minerals (TSXV:FMM)
Historical Stock Chart
From Jan 2025 to Feb 2025
Full Metal Minerals (TSXV:FMM)
Historical Stock Chart
From Feb 2024 to Feb 2025