Canadian zinc and lead exploration and development company
zinc-copper-lead-gold-silver exploration project in central Newfoundland
Messina Minerals Profile
Messina Minerals is targeting zinc-lead-copper-silver-gold deposits in central Newfoundland, Canada. This area is known for its base metal potential and is within trucking distance of an operating 1,800 tonne per day base metal mine and mill at Duck Pond.
Messina's strategic objectives for growth and increasing investor value are two fold:
- expand our mineral resource inventory by successful ongoing exploration
- complete positive feasibility and other appropriate studies to justify a mining operation
In 2007 Messina received an estimate of over 2 million tonnes of zinc-lead-copper-silver-gold N143-101 compliant mineral resources at Boomerang within the Tulks South Project; one of our Newfoundland properties. This estimate includes approximately 312 million lbs zinc, 133 million lbs lead, 21 million lbs copper, 7 million oz silver, and 93,000 oz gold.
Messina's immediate focus in 2008 is on expanding the current resource by exploration. Messina has budgeted $4 million for an aggressive drilling program with >15,000m (50+ holes) planned during 2008 within its Newfoundland properties.
In 2008 Messina's management team will also begin implementation of a strategic development plan for underground exploration, resources upgrade, and bulk sampling at Boomerang within the Tulks South Project. Messina expects to undertake preliminary economic assessment and preliminary engineering design studies and continue with environmental registration.
Last changed at 05-Jun-2008 08:35PM by Red Mars