News Release
Drilling 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 that drilling is now underway on the west central part of the Marshall Lake property to test at least six targets that are the extension of known zones for additional copper mineralization.
One of the principle targets is the extension of the Gazooma zone to establish the down dip and plunge of the zone. A number of induced polarization (IP) targets on the Teck Hill claims will also be examined in order to extend and link this original discovery with the Gazooma zone creating a 600m long zone of copper mineralization.
New outlying targets on Teck Hill, Gazooma and Cherry Hill which is north east of Gazooma, will also be tested.
Geophysics is continuing on the eastern part of the property defining a number of targets for the proposed winter drill program focusing on the Main Billiton horizon where zinc mineralization is more common.
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.
ON BEHALF OF THE BOARD OF DIRECTORS
Blake Colvin
Blake Colvin, Director
