Drilling Commences at Marshall Lake
- 3000 metre program
- 27 targets
East West Resource Corporation (the “company”) is please to announce that a 3000 metre core drilling program to test as many as 27 targets has commenced on their Marshall Lake Property. 15 drill targets were selected from airborne electromagnetic (VTEM) anomalies generated in the fall of 2007. The remaining targets are Induced Polarization (IP) anomalies in the vicinity of old showings. Several new IP anomalies were generated from recently completed surveys in the “D” zone, Main Billiton area and east of Teck Hill.
The Marshall Lake property is 310 kilometres north of Thunder Bay and has recently become road accessible. Copper and zinc mineralization hosted in volcanic rock was first discovered in 1954, resulting in numerous properties being staked and explored. Elevated gold and silver values are also common on the property. Past diamond drilling resulted in outlining several mineralized zones. The current program aims to discover hidden mineralization with the aid of modern geophysics.
The company and its 50:50 joint venture partner, Eyeconomy Holdings PLC have consolidated all the existing properties and staked additional claims resulting in control of 50 square miles of the Marshall Lake volcanogenic massive sulphide system. The company has received ackowledgement from Teck Cominco Limited that the company has met its expenditure commitment required to earn 100% interests in 3 mining leases on the Marshall Lake property, subject “to Back in Rights”.
ON BEHALF OF THE BOARD OF DIRECTORS
M.J.(Moe) Lavigne, President and CEO