News Release
Copper Zone At Surface Thickens To 45 Metres At Gazooma, Marshall Lake Camp
- 1.67 % Copper, 32 g/tonne Silver, 0.37 g/tonne Gold over a 22.50 metre section between 2 metres and 24.5 metres
- Zone width at surface thickens by 20 metres to 45 metres
- New deep drilling targets identified by IP and VTEM surveys
East West Resource Corporation (TSX-V: EWR) and its 50% joint venture partner, Eyeconomy Holdings PLC (PLUS: EYE) report that a further drill hole was completed on the Gazooma copper discovery to test the remainder of an Induced Polarization (IP) anomaly that extends south of two previous drill holes, GAZ-06-01 (27.9 m of 1.18% Cu, 23.2 g/tonne Ag, and 0.18 g/tonne Au) and GAZ-06-02 (26.9 m of 2.05% Cu, 38.2 g/tonne Ag, and 0.31 g/tonne Au) that tested the north part of the IP anomaly.
Bands of semi-massive to massive chalcopyrite occurred in a very siliceous rhyolite and zones of felsic breccia were also noted below the copper zone. Assays of 1.67 % copper, 32 g/tonne silver, 0.37 g/tonne gold were encountered over 22.50 metres.
The thickness of the zone at surface has now been extended another 20 metres, giving a 45 metre width to the Gazooma copper zone. Holes GAZ-06-01 and GAZ-06-02 are in the same section with hole GAZ-07-04 being drilled at -50º south, from a point 5 metres south of holes GAZ-06-01 and GAZ-06-02.
The recent IP survey over the Gazooma has suggested a deeper extension from the zone at surface to the east and to the northwest, which has now been confirmed by the VTEM airborne survey. Deeper drilling is therefore anticipated.
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. 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 at www.eastwestres.com.
About the Marshall Lake Project:
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.
Hole Gaz-07-4 Assay Results |
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| Ticket # | From (m) | To (m) | Width (m) | Copper % | Silver (g/tonne) | Gold (g/tonne) |
| 365073 | 2.00 | 3.00 | 1.00 | 0.22 | 4 | 0.02 |
| 365074 | 3.00 | 4.00 | 1.00 | 2.15 | 39 | 0.31 |
| 365075 | 4.00 | 5.00 | 1.00 | 1.13 | 21 | 0.16 |
| 365076 | 5.00 | 5.80 | 0.80 | 1.88 | 31 | 0.25 |
| 365077 | 5.80 | 7.00 | 1.20 | 3.63 | 68 | 0.16 |
| 365078* | 7.00 | 8.00 | 1.00 | 3.21 | 62 | 0.42 |
| 365079 | 8.00 | 9.00 | 1.00 | 0.11 | 2 | 0.02 |
| 365080 | 9.00 | 10.00 | 1.00 | 0.35 | 7 | 0.05 |
| 365081 | 10.00 | 11.00 | 1.00 | 0.02 | 1 | 0.01 |
| 365082 | 11.00 | 12.00 | 1.00 | 1.86 | 35 | 0.36 |
| 365083 | 12.00 | 13.00 | 1.00 | 6.70 | 125 | 1.04 |
| 365084 | 13.00 | 14.00 | 1.00 | 3.09 | 57 | 0.41 |
| 365085 | 14.00 | 15.00 | 1.00 | 0.39 | 8 | 0.06 |
| 365086 | 15.00 | 16.00 | 1.00 | 0.12 | 2 | 0.01 |
| 365087 | 16.00 | 17.00 | 1.00 | 0.06 | 1 | 0.01 |
| 365088 | 17.00 | 18.00 | 1.00 | 0.51 | 11 | 0.07 |
| 365089 | 18.00 | 19.00 | 1.00 | 1.27 | 26 | 0.22 |
| 365090 | 19.00 | 20.00 | 1.00 | 4.95 | 97 | 2.60 |
| 365091 | 20.00 | 21.00 | 1.00 | 0.61 | 13 | 0.07 |
| 365092 | 21.00 | 22.00 | 1.00 | 0.87 | 18 | 0.21 |
| 365093 | 22.00 | 23.00 | 1.00 | 1.59 | 31 | 1.57 |
| 365094 | 23.00 | 24.00 | 1.00 | 1.72 | 32 | 0.17 |
| 365095 | 24.00 | 24.50 | 0.50 | 1.36 | 25 | 0.28 |
| Wtd. Avg. | 2.00 | 24.50 | 22.50 | 1.67 | 32 | 0.37 |
| Including | 3.00 | 14.00 | 11.00 | 2.23 | 41 | 0.29 |
| * = whole rock | ||||||
ON BEHALF OF THE BOARD OF DIRECTORS
Blake Colvin
Blake Colvin, Director
