East West and Temex Option / Joint Venture Agreement Accepted for Filing by TSX Venture Exchange
- NICKEL-COPPER-PGE TARGETS
- WEST OF McFAULDS LAKE and NORONT DISCOVERY
- STRONG CONDUCTORS WITH COINCIDENTAL MAGNETIC HIGHS
East West Resource Corporation (TSX Venture Exchange: EWR) (“East West” or “the Company”) announces that the TSX Venture Exchange has accepted for filing documentation pertaining to an agreement whereby the company will earn an interest in a property owed by Temex Resources Ltd. The property, refered to as the GP, is contiguous with another property refered to as the GP2, which is subject to a 50:50 joint ventures between the companies. The properties are located 45 kilometers south and west of the Noront discoveries at McFaulds Lake, The companies completed an analysis and selected drill target on the basis of an airborne electromagnetic survey “VTEM” conducted by Geotech. The 1100 line kilometer survey covered the 573 claim units of the combined GP and GP2 properties Six coincidental magnetic and electromagnetic anomalies have been prioritized for drilling. Four of these anomalies have similar characteristics to the Noront discovery and are therefore considered nickel-copper-PGE targets. The other two anomalies are considered to be VMS copper-zinc-silver targets, mimicking the overall deposit type distribution in the McFaulds Lake area.
Robert Middleton, P.Eng., is the designated qualified person responsible for the preparation of this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
M.J.(Moe) Lavigne, President and CEO