Airborne EM-Magnetic Survey Commences at Marshall
East West Resource Corporation (TSX-V: EWR) and its joint venture partner Eyeconomy Holdings PLC (UK-PLUS: EYE) are pleased to announce a 1305 km helicopter Electromagnetic Survey (EM) using the Dreamcatcher (VTEM) system has commenced on the Marshall Lake property. The aim of the survey is to identify drillable copper and zinc mineralization, plus validate existing targets generated from surface mapping and IP surveys. The survey is being undertaken across the entire fifty square mile property. Deeper conductors are also being searched.
VTEM technology is able to energize poorly conducting sulphides which were historically difficult to detect. Zinc mineralization (sphalerite) which reduces the conductivity of the sulphide zones at Marshall has made it difficult for earlier surveys to detect these sulphide zones.
An initial test survey of 179 km at Marshall has shown that this system can detect the copper sulphide zones at Gazooma and Teck Hill as well as new zones south of the Main Billiton Zone that were previously undetected. Results should be available within a month and will assist with the winter drill campaign.
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 at www.eastwestres.com.
About the Marshall Lake Property:
East West Resource Corporation and Eyeconomy Holdings PLC each hold a 50% interest in the all year round road accessible Marshall Lake Copper-Zinc Volcanogenic Massive Sulphide (VMS) Property, located 310 kilometers north of Thunder Bay, Ontario, Canada. The Marshall Lake Property consists of 804 units or approximately 50 square miles in area.
The Marshall Lake area was explored between 1954 and 1996 leading to a series of high grade near surface copper-zinc discoveries. The area currently being explored by the joint venture partners for this style of mineralization now covers fifty square miles.
The property became road accessible in 2000 following the completion of all weather roads by logging operators. This new road access permits the deployment of heavy digging equipment and greatly improves the logistics of diamond drill and geophysical programs significantly increasing the ability to explore intensively but at lower cost.
In December 2006 the joint venture partners drilled the historical Gazooma copper showing, which significantly expanded the known mineralization returning values up to 4.47% copper, 86.59g/t silver, and 0.629g/t gold over 6.7 metres in hole GAZ-07-05 (June 6 2007, News Release).
A further five copper-zinc showings have been discovered in the central area of the property and the historical Billiton copper-zinc deposit, located 4 km to the north-east of Gazooma was re-drilled to confirm earlier results. These new discoveries along with expansion of known mineralized zones highlights the potential for multiple copper-zinc deposits on the property indicating that it has the potential to become a VMS camp comparable to the historical VMS camps such as Thomson, Bousquet and Mattabi.
The long-term strategy is to define and develop a series of near surface base metal deposits on the property and subsequently extend these to depth. The joint venture partners each contribute 50% to ongoing exploration expenditure.
This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause East West Resource Corporation’s results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof.
ON BEHALF OF THE BOARD OF DIRECTORS
Blake Colvin, Director