Botwood Basin

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Messina Minerals Inc (C-MMI) - News Release

Messina hits Boomerang at 50-metre step-out on Tulks

2005-04-27 18:36 ET - News Release
Shares issued 23,621,115
MMI Close 2005-04-27 C$ 1.48

Mr. Peter Tallman reports

MESSINA 'MMI' BOOMERANG DRILLING HITS MASSIVE SULPHIDES ON 50 METER STEP-OUT

Messina Minerals Inc. has received assay results from three drill holes on section 3250E at the recently discovered Boomerang massive sulphide at the Tulks South property located in central Newfoundland. Holes GA05-25, GA05-30 and GA05-32 were drilled on section 3250E located 50 metres west of the discovery section 3300E reported previously.

All three drill holes intersected Boomerang massive sulphide mineralization containing copper, lead, zinc, silver and gold, with comparable grades and over comparable widths to those discovered on 3300E. The Boomerang massive sulphide has been intersected over a vertical distance of 73 metres and remains open for expansion up-dip and down-dip.

Individual holes have intersected multiple horizons of zinc-rich massive sulphides. The assay intervals reported in Table 1 reflect the high-grade core of the Boomerang zone as one interval, as well as the broader zone of mineralization as the longer interval. These broader intervals of metal-bearing mineralization will ultimately be used to determine the volume and hence tonnage.

TABLE 1: CORE INTERVALS, ASSAYS AND TRUE
THICKNESS OF MASSIVE SULPHIDES ON 3250E

Distance
Hole from
ID Elevation surface From To Length
(metres) (metres) (metres)

Surface 1,405 0

GA05-32 1,172 -233 265.6 273.2 7.6
259.4 277.7 18.3

GA05-25 1,137 -268 290.9 298.1 7.2
274.0 302.9 28.9

GA05-30 1,099 -306 330.0 335.3 5.3

TABLE 1: CORE INTERVALS, ASSAYS AND TRUE
THICKNESS OF MASSIVE SULPHIDES ON 3250E

Hole True
ID thickness Cu Pb Zn Ag Au
(metres) % % % g/t g/t

GA05-32 5.3 0.9 6.2 8.9 196 4.3
14.4 0.5 3.3 5.2 115 2.5

GA05-25 5.3 1.1 5.0 14.5 200 1.9
20.9 0.5 1.8 6.6 80 0.8

GA05-30 4.4 0.4 2.8 11.0 84 1.0

The results from 3250E confirm that the massive sulphides containing copper, lead, zinc, silver and gold are continuous over at least 50 metres of strike length and the higher-grade portion of the massive sulphide lens also has lateral continuity.

A vertical longitudinal section showing intersections on 3250E and 3300E of the Boomerang horizon is included with this news release. A geology cross-section for each of 3250E and 3300E is included with this news release. All maps are also available on the company's website under "Tulks South property," "Boomerang" section for reference.

Drilling on section 3250E is planned to resume in late May or in June, 2005, to further delineate the up-dip and down-dip extent of the mineralization. Drilling is continuing on section 3350E and results will be reported from this section when drilling, logging and assaying are completed. As of April 26, Messina has completed more than 6,300 metres of diamond drilling from January, 2005.

All assays are initially performed by Eastern Analytical Ltd. of Springdale, Nfld. Check assaying 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 (QA/QC) for all analytical testing.

The company has extensive mineral landholdings totalling 272 square kilometres, including the Tulks South property and the Long Lake property. Messina is earning a 100-per-cent interest in these mineral lands from Noranda. The agreement allows Noranda to back in for 50 per cent if greater than 10 million tonnes of economic mineralization with a positive feasibility report is located. Noranda may pay 150 per cent of exploration costs to that point, or revert to a 2-per-cent net-smelter-return royalty.

Peter Tallman, PGeo, president of Messina Minerals, is the designated qualified person responsible for exploration on the company's properties in central Newfoundland and the person responsible for the preparation of this news release.