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To: bigbuk who wrote (949)12/9/2003 11:13:29 AM
From: mike n.  Read Replies (1) | Respond to of 29622
 
messina seems to be doing a slow creep upwards. not much volume, but also a very thin float. Now that the financing is done and the drills turning, any good showings and this one could pop. If you look at the yearly chart it is ugly up until sept/oct of this year when some steady buying seem to start. if it can break above .29/.30 it's pretty much blue sky from there. have been doing some buying in the .25/.27 range.

mike



To: bigbuk who wrote (949)12/17/2003 8:44:37 AM
From: mike n.  Read Replies (1) | Respond to of 29622
 
Preliminary results are in and the potential here looks excellent.The additional staking is a very positive indication and if the first drill hole locations were chosen carefully then the next set of results should be exciting to the market especially if you consider how small the float is. Worth keeping an eye on. phpi

Messina finds gold mineralization zone in Tulks South

Messina Minerals Inc MMI
Shares issued 10,017,180 Dec 15 close $0.275
Tue 16 Dec 2003 News Release
Mr. John Pallot reports
NEW GOLD DISCOVERY AT "EAGLE ZONE"
Messina Minerals has discovered a significant new zone of gold
mineralization on the Tulks South property, central Newfoundland. Messina
is earning a 100-per-cent interest in the Tulks South property from
Noranda. Prospectors discovered visible gold within quartz veining at the
Eagle zone in mid-November. Subsequent sampling and mapping by Messina has
identified a major shear zone hosting several generations of quartz veining
containing gold associated with intense silicification, sericitization and
carbonate alteration occurring over approximately 150-metre width. The
gold-bearing quartz veins have been traced over a strike length of 1.4
kilometres to date. The alteration continues in sporadic outcrops for at
least another 4.4 kilometres coincident with airborne geophysical
anomalies. Weather has prohibited further sampling along strike.
Gold-bearing quartz veins within the 1.4-kilometre strike length examined
to date are concentrated, but not limited, to a five-to-10-metre-wide
subzone within the larger alteration envelope. Grab samples taken of
in-situ quartz veining within the subzone have yielded 17 gold assays
between 5.5 grams per tonne (g/t) and 56.5 g/t gold from five outcrops
where this subzone is exposed. Visible gold has been identified in one
sample not sent for assay and retained as a hand specimen. Quartz vein
samples taken outside of the subzone within the alteration envelope contain
geochemically anomalous gold concentrations up to 2.3 g/t gold.
Messina has recently staked mineral lands totalling 100 claims covering
2,500 hectares along an additional 11-kilometre corridor to cover areas the
company believes are prospective for similar mineralization.
Messina plans a four-to-five-hole diamond-drill program to commence in
January designed to evaluate the Eagle zone gold mineralization.
Notes
Gold assays were performed by Eastern Analytical Labs of Springdale, Nfld.,
using a standard half assay ton fire assay method. Duplicate check assays
performed on seven samples above 10 g/t Au have been assayed using a one
assay ton fire assay method, which yielded comparable results within
acceptable limits. The Tulks South property work is being supervised by
Peter Tallman, PGeo, president of Messina Minerals, and the qualified
person for this project.
(c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com

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