East West Reports Drilling of Platinum Group Elements “PGE” Dikes on the Seagull Property near Thunder Bay, Ontario
West Vancouver, British Columbia – November 19, 2009 – East West Resource Corporation (the "Company" or "East West") has been informed by its joint venture partner, Black Panther Mining Corp. ("Black Panther"), that a drilling program on the "Seagull" property has commenced on the newly discovered potential feeder dikes adjacent to the Seagull Intrusion. The Seagull property is located (via hwy. 527) approximately 90 km north-northeast of Thunder Bay, Ontario.
Black Panther's planned phase one of core drilling exploration (now underway) will focus on the recently discovered ultramafic dike-like bodies. Black Panther, who is earning an interest in the Seagull property, has budgeted $300,000 towards this initial program which is designed to test the potential feeder dike system from 75 to 100 metres (200 to 300 feet), in depth with up to 25 holes over a projected strike length of 5 km. East West and Black Panther are extremely optimistic about the new zones as they are highly indicative of significant platinum-palladium mineralization (similar to those discovered within the ultramafic dike-like system 25 km to the south as reported by Magma Metals Limited of Australia in its news release dated April 22, 2009).
East West previously announced (see news release dated October 7, 2009) that a significant detailed magnetic survey had been flown over the west section of the Seagull property. The survey located features that are interpreted by the Company's geologists as being potential feeder dikes to the Seagull Intrusion (which are northward extensions of dikes occurring on the Magma Metals property, which is approximately 10 km south of the Seagull property). Black Panther completed the second phase of the magnetic survey on September 24, 2009 and prospecting and mapping has been ongoing since that time. Outcrops of ultramafic dike-like bodies have been located, as well as numerous boulder fields of ultramafic rocks which are typical of the host rocks that contain the PGE (platinum-palladium) values in both the Seagull Intrusion and in the Magma Metals discovery south of the Seagull property. As well, the recent magnetic survey covered an area of 8km by 8km and has been successful in identifying coincidental magnetic anomalies along the newly discovered dike-like trend.
The current work program is being supervised by R.S. Middleton, P.Eng, who is acting as Black Panther's and the Company's qualified person for this project in accordance with regulations under NI 43-101.
For additional information and background on the Seagull property, please see the Company's previous news releases dated October 7, 2009, July 8, 2009, February 3, 2009 December 16, 2008 and November 5, 2008.
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, President and CEO