Wednesday, 20th February 2008 (1827 views)

Full Metal Minerals has announced details of a $17 million (£8.75 million) exploration programme for its properties in Alaska and the Yukon territory of north-west Canada.

It will carry out eight drill programmes in 2008, targeting metal deposits at its wholly-owned flagship properties 40 Mile and Lucky Shot, as well as a number of joint venture developments.

At Lucky Shot, north of Anchorage, Alaska, drilling will explore high-grade gold areas identified by the company on a 2,400 metre-long shear. Full Metal said it is also considering underground exploration and bulk sampling at the site. A minimum of $2.5 million has been allotted to Lucky Shot's development.

Other work will see Full Metal partner with Highbury Projects to follow up gold discoveries at Moore Creek in western Alaska with a 3,000-metre drill programme, which is expected to get underway in late March.

The company will also partner with Altair Ventures on a 1,700-metre drill programme at the historic Dawson mine on the CJ gold property in south-east Alaska.

A number of copper-gold-molybdenum porphyry targets are also included in the 2008 plans.

Overall, Full Metal Minerals is involved in 11 properties in Alaska and the Yukon, including Mount Andrew, Inmachuck and Alaska Peninsula.

 

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