News Release
East West Reports on New Ni, Cu and PGE Zone at the Norton Lake Property
West Vancouver, British Columbia – December 7, 2009 – East West Resource Corporation (the "Company" or "East West") has been informed by its joint venture partner, White Tiger Mining Corp. (TSX-V: WTC) ("White Tiger") that it has recently completed an exploration program on the "Norton Lake" Property. The Norton Lake Property is a Nickel (Ni), Copper (Cu), Cobalt (Co) & Platinum Group Elements (PGE) deposit which is located about 50 km northeast of Fort Hope, Ontario, and about 400 km northeast of Thunder Bay, Ontario, Canada.
A recently completed 3D conceptual modeling of the massive sulphide nickel-copper mineralized zones at the Norton Lake deposit has identified what appears to be a separate sulphide lens near surface and adjacent to the main lens approximately 15 metres due south of the deposit. Assaying of historical drilled core lead to the discovery of this second lens which lies beneath the main known lens of the deposit. Historical core drill hole U-4 intersected semi-massive pyrrhotite-chalcopyrite and stringers of sulphide from 85 metres to 98 metres. As well, historical core drill hole U-14 also intersected this lower lens from 121 metres to 130 metres. This lens was not included in the 2009 NI 43-101 resource calculation.
Check assaying of the historical core that was available indicated the following results:
Drill Hole U-4 | |||||||||||
From (m) | To (m) | Interval (m) | Ni (%) | Cu (%) | Pt (g/t) | Pd (g/t) | Co (%) | ||||
85 | 98 | 13 | 0.77 | 0.84 | 0.09 | 1.75 | 0.026 |
Drill Hole U-14 | |||||||||||
From (m) | To (m) | Interval (m) | Ni (%) | Cu (%) | Pt (g/t) | Pd (g/t) | Co (%) | ||||
121 | 130 | 9.0 | 0.71 | 0.31 | 0.35 | 0.54 | 0.033 |
The historical drill core is stored in the Company's secure facility located in Thunder Bay and was prepped at that location and was submitted for assaying to ALS Chemex Labs in Vancouver. Re-sampling of the split core was supervised by Robert S. Middleton, P.Eng. Assaying for metals was done with aqua regia acid digestion and "ICP" (inductively coupled plasma) analysis. PGE assaying was done by fire assay extraction and ICP finish to obtain platinum (Pt), palladium (Pd) and gold (Au) values.
White Tiger is now planning the next phase of drilling which will consist of additional shallower drill holes towards surface within this second near surface lens, and as well, deeper holes within the main zone, which remains open to depth. To date, consistent mining widths of 7 metres have been intersected within the known NI 43-101 measured and indicated resource of 2,258,654 tonnes at a 0.3% Ni cut-off as can be seen in the table below:
Norton Lake Deposit Mineral Resource Estimate: reported at 0.3% Ni cut-off | |||||||
Category | Tonnes | Ni Grade (%) | Cu Grade (%) | Co Grade (%) | Pd Grade (%) | ||
Measured | 1,769,721 | 0.67 | 0.61 | 0.03 | 0.46 | ||
Indicated | 488,933 | 0.67 | 0.61 | 0.03 | 0.47 | ||
TOTAL | 2,258,654 | 0.67 | 0.61 | 0.03 | 0.46 |
The significance of this second near surface lens was not previously appreciated, and therefore, further work in this under explored area south of the main zone is being planned to evaluate other potential near surface lenses, which could, if successful, significantly impact the overall economics of the project and the open pit life of the Norton Lake deposit.
White Tiger acquired its 51% joint venture interest in the Norton Lake Property pursuant to a Joint Venture Assignment Agreement with Cascadia International Resources Inc. East West and Trillium North Minerals Ltd. (TSX-V: TNM) of Toronto, Ontario are the other joint venture partners.
This news release has been reviewed and approved by Mr. Robert Middleton, P. Eng., and Geophysicist, who is acting as the Company's Qualified Person for this project in accordance with regulations under NI 43-101.
For further information, contact Mr. Clive Shallow, investor communications, at 604-922-2030 or visit the Company’s website at www.eastwestres.com.
East West Resource Corporation
"Ronald Coombes"
Ronald A. Coombes, President and CEO