Midway Copper-Nickel-PGE Property Optioned
- Three targets ready to be drilled immediately
- VTEM conductors coincident with magnetic anomalies
A 608 claim unit, 9,687 hectares property has been optioned by East West Resource Corporation (“East West”), (EWR – TSX-V) from Cascadia International Resources Inc. East West will immediately drill three VTEM anomalies that were outlined in a survey carried out by Geotech Ltd. in 2005. East West may earn a 50% interest by spending $175,000.00 by February 28, 2009 and by issuing 100,000 shares and 100,000 warrants at $0.15 per share upon approval of the TSX Venture Exchange. The property is located 75km north of the Lac des Iles Palladium-Platinum-Gold-Nickel-Copper mine operated by North American Palladium Ltd.
The three drill targets are late channel VTEM conductors associated with magnetic bodies. These targets are most likely represent nickel-copper sulphides hosted by mafic intrusions. This acquisition strengthens the companies emphasis on exploring for nickel, copper and PGE exploration in the Thunder Bay area.
The project set out above is being supervised by Paul E. Nielsen, P.Geo, who is the qualified person and responsible for quality control of the assaying and reporting. More details are available at www.eastwestres.com.
ON BEHALF OF THE BOARD OF DIRECTORS
M.J.(Moe) Lavigne, President and CEO