Copper-Nickel-PGE Property Staked East of Norton Lake Deposit
- 572 claim units, totaling 91.5 square Kilometers.
- Property contains six magnetic anomalies with coincident EM conductors.
- Target is Copper-Nickel-PGE sulphides in Gabbro-Pyroxenite
East West Resource Corporation has been actively exploring the area between Ft. Hope and Lansdowne House in northern Ontario for Cu-Ni-PGEs mineralization since 2001. Its most advanced project in the area is the Norton Lake Cu-Ni-Co-PGE deposit (jointly owned by East West, Cascadia International Resources Inc and Trillium North Minerals Ltd), which possesses a 43-101 compliant resource that remains open at depth (see website www.eastwestres.com). A number of other gabbro-pyroxenite bodies occur along the greenstone belt of the type that hosts the Norton Lake deposit and previous work has defined a number of magnetic anomalies with high response time domain EM conductors. Management felt that the acquisition of a particular group of gabbro-pyroxenite bodies was prudent given the activity to the north in the vicinity of Noront Resources Ltd Double Eagle Cu-Ni-PGE discovery.
The new property has seen very little historical exploration due primarily to lack of outcrop and difficult access, however other companies have recently begun staking gabbro bodies in the area. The new property, called "Ox", is 19 Km long and covers six magnetic features that are similar to those associated with other gabbro-pyroxenite bodies in the area. These targets contain six channel, "Input" EM conductors similar in EM response to the Norton Lake deposit.
Line cutting has commenced on six separate grids covering the highest priority EM targets. These grids will subsequently be covered with EM and magnetometer surveys in approximately 4 weeks time in preparation for diamond drilling.
The Ox property is 100% owned by East West and is not subject to any NSR.
The project set out above is being supervised by R. Middleton, P.Eng, 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
Blake Colvin, Director