31.9 Metre Wide Copper Zone at North Gazooma, Marshall Lake Property
- 0.71 % copper over 31.9 metres, from 40.7 metres to 72.6 metres depth
- 700 metres to the north of original Gazooma discovery
- 300m long zone confirmed by Induced Polarization
- Fifth new discovery in the Marshall Lake Camp since November 2006
East West Resource Corporation (TSX-V: EWR) and its 50% joint venture partner, Eyeconomy Holdings PLC (PLUS: EYE) announce that drilling has tested a new Induced Polarization (IP) anomaly trend situated 350 metres east of the Jewel Box showing and 700 metres north of the original Gazooma Zone (see News Release, April 2, 2007) near the Gripp Lake Camp, which intersected numerous stringer copper zones including a continuous disseminated and stringer copper zone over 31.9 metres.
(Detailed assays for this drill hole are available here.)
The North Gazooma IP anomaly is 300 metres long and parallels another copper horizon that extends northeast of the Jewel Box showing and has the potential of being as large as the original Gazooma zone.
This is the fifth new discovery on the Marshall Lake property, in an area untested by either trenching or drilling and is not known to have previous geophysical anomalies.
The ongoing IP survey has now shown that new chargeability zones are being found that were missed by previous surveys, partly due to line orientation and improved power output with the new survey.
A cluster of near surface copper occurrences have been located in the Lease and Jewel Box area that show the existence of an extensive copper system.
When analysing for basemetal and silver values (Copper, Zinc and Silver) were determined by ICP (inductively coupled plasma) after an aqua regia acid digestion. Assays exceeding 100 grams silver and 10,000 parts per million (ppm) copper were repeated using multi acid digestion and atomic absorption (AA). Check assays were run on high values. A standard sample is submitted for verification of accuracy. Gold values were determined by fire assay extraction on 30-gram samples followed by an AA finish.
ALS Chemex in Thunder Bay carried out preparations of the samples outlined in this news release and ALS Chemex in North Vancouver carried out assaying.
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 on all of East West’s properties at www.eastwestres.com along with more detailed assay data for individual drill holes.
About the Marshall Lake Camp:
East West Resource Corporation and Eyeconomy Holdings PLC each hold a 50% interest in the all year round road accessible Marshall Lake Copper Zinc VMS camp located 310 kilometres north of Thunder Bay, Ontario, Canada.
The Marshall Lake area was explored between 1954 and 1996 leading to a series of historic high grade near surface copper zinc discoveries. The partners consider that they have full control over the camp with an exploration area of more than forty-three square miles under option.
The property is road accessible all year round which permits the cost effective deployment of heavy drilling and earth moving equipment as well as modern geophysical tools; this significantly reduces exploration costs.
Since the second half of 2006 the joint venture partners have built a network of drill access trails focusing on exposing the existing showings which resulted in a major VMS copper zinc discovery at Gazooma on the Marshall Lake Camp in December 2006. Since then there have been four more significant discoveries on the property.
The partner’s strategy is to define and develop near surface base metal resources on the property and adding deeper resources as the project develops. The joint venture partners each contribute 50% to ongoing exploration expenditure.
ON BEHALF OF THE BOARD OF DIRECTORS
Blake Colvin, Director