News Release
Drilling Underway At Marshall Lake Camp; Helicopter Electromagnetic Survey Locates New Zones
- Spring drilling campaign has commenced at Marshall Lake Camp
- Conductors indicating massive sulphides found by Electromagnetic Survey (EM)
- New zones found by Induced Polarization (IP) at Teck Hill East and on the D Zone
East West Resource Corporation (TSX-V: EWR) and its 50% joint venture partner Eyeconomy Holdings Plc. (PLUS: EYE) announce that a focused 150km helicopter Electromagnetic Survey (EM) using the Dreamcatcher (VTEM) system has located conductive sulphides extending from the Gazooma trench which will lead to further drilling to expand these zones.
A second conductor was located on the Teck Hill trend with a third large response 600m south of the Main Zone occurring within the "Marshall Mineralized Tuff Horizon" near the historic South copper zinc showing.
The key aspect of the EM survey is that it has a greater ability to locate deeper conductors than previous work. The VTEM technology is also able to energize previously poorly conducting sulphides which were difficult to detect. In particular non-conducting sphalerite zinc mineralization which reduces the conductivity of the sulphide zones at Marshall made it previously very difficult for early surveys to detect zinc zones.
These new targets are in addition to those being outlined by the ongoing Induced Polarization (IP) survey, particularly in the eastern extension of Teck Hill and the D Zone area, east of Gripp Lake.
A follow-up drill program is in progress to test as many targets as possible before spring "break-up" but it is already apparent that more drilling will be required due to the large number of high quality anomalies which have been detected. A structural geological survey is also planned to assist in placing these future holes.
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 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 became accessible after 2000 following the completion of all weather roads by logging operators. Road access now permits the deployment of heavy digging equipment, modern geophysical tools and significantly reduces exploration costs. During the second half of 2006 the joint venture partners 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.
The partner's long-term strategy is to define and develop near surface base metal resources on the property while considering the deeper potential of the property as the database is developed. The joint venture partners each contribute 50% to ongoing exploration expenditure.
ON BEHALF OF THE BOARD OF DIRECTORS
Blake Colvin
Blake Colvin, Director
