To: onepath who wrote (22450 ) 10/7/2006 2:28:23 PM From: koan Read Replies (1) | Respond to of 78421 What do you think about MMI? Messina Minerals Inc (C-MMI) - News Release Messina drills 4.7 m of 2.8% Zn, 263 g/t Ag, 5.9 g/t Au 2006-10-04 10:01 ET - News Release Shares issued 32,647,660 MMI Close 2006-10-03 C$ 1.20 Mr. Peter Tallman reports MESSINA MINERALS "MMI" EXPANDS BOOMERANG TO NEAR SURFACE, GA06-158 HITS 4.7 METERS OF 2.8% ZINC, 263 G/T SILVER, 5.9 G/T GOLD Messina Minerals Inc. is drilling base-metal massive sulphide targets within Messina's Tulks South property located in central Newfoundland, Canada, including a planned 43,000-metre drill program during 2006. The objectives of the 2006 exploration program are to: define/expand the volume of zinc-lead-copper-gold-silver-bearing massive sulphide mineralization on the property; and identify and test significant new exploration targets within Messina's extensive 306-square-kilometre-area properties. Highlights GA06-158 intersects 4.7 metres assaying 0.3 per cent copper, 2.2 per cent lead, 2.8 per cent zinc, 263 grams per tonne silver and 5.9 g/t gold, which expands the size of the Boomerang gold-enriched zone. Boomerang mineralization has now been traced to surface, with economically significant grades within 95 metres of surface. The company recognized the Hurricane target located 400 metres along strike to the east from Boomerang. The Hurricane target is defined by extensive zinc-enriched alteration that is considered to represent the feeder of a massive sulphide deposit. Significant lengths of low-grade zinc mineralization are excellent exploration indicators of nearby massive sulphide deposits in the Boomerang area. GA06-147 on 3925E intersected 47.1 metres of Hurricane target mineralization which assayed 0.2 per cent lead and 0.5 per cent zinc from 212.55 m to 259.65 m at approximately 200 metres below surface. Boomerang massive sulphide zone drilling Assay results for nine new drill holes have been received, are tabulated below, and are further discussed by section or area targeted. The Boomerang deposit was discovered in December, 2004; the last significant phase of drilling at Boomerang was completed by December, 2005. Drilling reported here is designed to define the limits of Boomerang mineralization prior to calculating a mineral resource. SUMMARY OF BOOMERANG DRILL INTERCEPTS AND ASSAYS From To Inter- Hole Section (m) (m) val Cu % Pb % Zn % Ag g/t Au g/t GA06-144 3325E 90.98 92.30 1.32 0.3 1.1 1.1 40 2.8 GA06-145 3050E No significant assay GA06-146 3325E No significant assay GA06-147 4000E 212.55 259.65 47.1 - 0.2 0.5 - - GA06-150 3050E 263.15 266.40 3.25 0.7 5.3 5.6 199 4.3 GA06-152 3200E No significant assay GA06-156 3300E No significant assay GA06-158 3325E 105.60 110.30 4.70 0.3 2.2 2.8 263 5.9 GA06-159 3325E No significant assay Assay results from nine drill holes, GA06-153, GA06-157, GA06-160 to -162, GA06-165 to -167 and GA06-169 are pending. Section 3325E (near surface) GA06-158, GA06-144, GA06-146, GA06-159 (and GA06-160 -- assays pending) were drilled to test the interval from 125-metre depth to surface for Boomerang mineralization. GA06-158 intersected 4.7 metres (see table) with significant precious metals of 263 g/t silver and 5.9 g/t gold over this interval, at approximately 95 m depth below surface. GA06-144 also contained interesting precious metals (see table) at approximately 75 m depth below surface. GA06-146 and GA06-159 intersected pyritic massive sulphides with low metal contents, as did adjacent GA06-156 drilled 25 metres west on section 3300E. These near-surface results are significant because of the discovery of a gold-enriched zone of significant size within Boomerang that is within 100 metres of surface and remains open along strike. Further testing between 3350E and 3400E is in progress to fully delineate this zone. Section 3200E GA06-152 was drilled to define the top of Boomerang on this section; the hole intersected 10 centimetres of massive sulphides and an extensive stockwork alteration at 185 metres below surface with no significant assays. Section 3050E GA06-145, GA06-150 (and GA06-157 -- assays pending) were drilled to define the vertical extent of Boomerang mineralization on 3050E. GA06-145 did not intersect Boomerang massive sulphides and defines the top of Boomerang on this section at approximately 240 metres below surface. GA06-150, 10 metres beneath GA06-145, intersected high-grade Boomerang zinc-lead-copper-silver-gold mineralization (see assay table). GA06-157 tested the lower limit of Boomerang mineralization at approximately 340 metres from surface; assays for this hole are pending. Hurricane target The Hurricane target is a newly defined near-surface subzone of the Boomerang massive sulphide system and lies approximately 400 metres along strike to the east from Boomerang in the vicinity of 3800E. The target is defined by extensive zinc-enriched alteration that is considered to represent the feeder of a massive sulphide deposit. Significant lengths of low-grade zinc mineralization are excellent exploration indicators of nearby massive sulphide deposits in the Boomerang area. Hurricane target Section 3925E GA06-147 on 3925E intersected 47.1 metres of Hurricane target mineralization which assayed 0.2 per cent lead and 0.5 per cent zinc from 212.55 m to 259.65 m at approximately 200 metres below surface. GA95-01 on 3825E, 100 metres away and drilled by a previous explorer, intersected Hurricane target mineralization that assayed 30.3 metres of 0.8 per cent zinc. GA06-117 on 3725E intersected 13.05 metres of 0.9 per cent zinc which is now interpreted to be a significant exploration indicator and forms part of the Hurricane target system. The Hurricane target is the first of several high-priority areas in the immediate vicinity of the Boomerang massive sulphide deposit planned for systematic drill testing that have potential to add to the expanding Boomerang mineral resource. Vertical longitudinal map An updated vertical longitudinal map showing the location of pierce points of all holes is available on the company's website, which has all drill hole pierce points labelled for reference. Specific gravity testing, rock-quality determinations and photographic logging of all massive sulphide intersections are performed systematically by Messina staff prior to assaying. Assays are performed by Eastern Analytical Ltd. of Springdale, Nfld. Check assays and other lithogeochemical analyses are performed by Chemex Labs of North Vancouver, B.C. The company is and will continue to use methodical and geoscientifically accepted procedures for assaying including quality control and quality assurance for all analytical testing. Drill holes are assigned a number if they are started and reach bedrock; hole numbers not referenced are those terminated before reaching target due to bad ground or excessive deviation. Kerry Sparkes, vice-president of exploration of Messina Minerals, is the qualified person responsible for exploration on the company's properties in central Newfoundland and the person responsible for the technical