News Release
Drilling Continues To Expand Deposit at Norton Lake (Ni-Cu-Co-PGE) Property
Thunder Bay, Ontario – July 21, 2009 – East West Resource Corporation ("East West") has received an update from White Tiger Mining Corp. ("White Tiger") on assay results from the Norton Lake Property. The Norton Lake Property is a nickel (Ni), copper (Cu), cobalt (Co) and platinum group element (PGE) deposit and is located about 50 kilometres northeast of Fort Hope, Ontario and about 413 kilometres northeast of Thunder Bay, Ontario, Canada.
As part of White Tiger’s phase one program, 4 core drill holes were completed for a total of 1,445 metres and all of the holes intersected the sulphide zone (drill holes: NL09-28 to NL09-31). Holes 28, 29 and 30 were all set up from the same drill pad, located 32 metres south of historical drill hole NL05-10 and drill hole 31 was located 32 metres northwest of holes 28, 29 and 30. Historical drill hole NL05-10 was drilled in 2005 by East West Resource Corporation ("East West") and Trillium North Minerals Ltd. ("Trillium"). Holes 28, 29 and 30 were drilled to infill and hole 31 was drilled in an attempt to expand the down dip extension of the known deposit. All of the drill holes successfully intersected approximately 10 metres (a uniformed approximate true width of 7.5 metres) of sulphides with a breccia texture. In addition to the sulphide zone, a sheared pyroxenite footwall containing disseminated sulphide was discovered. The phase one program confirmed White Tiger’s earlier interpretation of geophysics and that the Norton Lake deposit continues to remain open to depth. This first phase program is an important milestone and will assist White Tiger in the further exploration and potential expansion of the massive sulphide body to depth.
The mineralized intersections are similar in appearance to the historical holes previously drilled by East West and Trillium, which contained chalcopyrite, pyrrhotite and pentlandite, however, more of the pyroxenite host rock was observed by White Tiger from its recent drilling. As well, another gabbro pyroxenite body has been confirmed in the top of these holes, which occurs 300 metres north and parallel to the Norton Zone. This gabbro pyroxenite is a potential host for more mineralized zones.
The following table illustrates the assays from the phase one drill hole program:
| Drill Hole NL09-28 | |||||||||||
| From (m) | To (m) | Interval (m) | Ni (%) | Cu (%) | Co (ppm) | Co (lbs/ton) | Au + Pt + Pd (g/t) | ||||
| 389.0 | 397.0 | 8.0 | 0.59 | 0.43 | 245 | 0.49 | 0.66 | ||||
| Including 394.0 | 397.0 | 3.0 | 0.97 | 0.74 | 350 | 0.70 | 1.30 | ||||
| Drill Hole NL09-29 | |||||||||||
| From (m) | To (m) | Interval (m) | Ni (%) | Cu (%) | Co (ppm) | Co (lbs/ton) | Au + Pt + Pd (g/t) | ||||
| 330.8 | 335.0 | 4.2 | 0.82 | 0.91 | 427 | 0.85 | 0.72 | ||||
| Including 332.0 | 335.0 | 3.0 | 1.05 | 1.06 | 559 | 1.12 | 0.87 | ||||
| Drill Hole NL09-30 | |||||||||||
| From (m) | To (m) | Interval (m) | Ni (%) | Cu (%)/td> | Co (ppm) | Co (lbs/ton) | Au + Pt + Pd (g/t) | ||||
| 306.0 | 311.0 | 5.0 | 0.91 | 1.06 | 437 | 0.87 | 0.62 | ||||
| Including 308.0 | 311.0 | 3.0 | 1.23 | 1.39 | 567 | 1.13 | 0.76 | ||||
| Drill Hole NL09-31 | |||||||||||
| From (m) | To (m) | Interval (m) | Ni (%) | Cu (%) | Co (ppm) | Co (lbs/ton) | Au + Pt + Pd (g/t) | ||||
| 346.25 | 351.0 | 4.75 | 0.63 | 0.51 | 263 | 0.53 | 0.57 | ||||
| Including 349.0 | 351.0 | 2.0 | 1.01 | 0.55 | 426 | 0.85 | 0.72 | ||||
As presented in the following table, the Norton Lake Property deposit presently contains a NI 43-101 measured and indicated resource of 2,258,654 tonnes containing nickel-copper-cobalt and credits of PGE (as calculated by Caracle Creek International Consulting Inc.):
| 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 |
| Inferred | 198,571 | 0.66 | 0.59 | 0.03 | 0.47 |
| Norton Lake Deposit Mineral Resource Estimate: reported at 0.5% Ni cut-off | |||||
| Category | Tonnes | Ni Grade (%) | Cu Grade (%) | Co Grade (%) | Pd Grade (%) |
| Measured | 1,456,329 | 0.73 | 0.65 | 0.03 | 0.49 |
| Indicated | 427,041 | 0.71 | 0.63 | 0.03 | 0.48 |
| TOTAL | 1,883,370 | 0.73 | 0.65 | 0.03 | 0.49 |
| Inferred | 160,884 | 0.71 | 0.61 | 0.03 | 0.47 |
In connection with White Tiger’s phase one program, all of the holes were drilled using hydraulic drills producing NQ size core. The drill core was transported to Thunder Bay for splitting in a secure facility and then submitted to ALS Chemex Labs. Assaying for metals was done with aqua regia acid digestion and "ICP" (inductively coupled plasma) analysis at ALS Chemex Labs in Vancouver. PGE assaying was done by fire assay extraction and ICP finish to obtain platinum (Pt), palladium (Pd) and gold (Au) values.
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.
ON BEHALF OF THE BOARD OF DIRECTORSM.J.(Moe) Lavigne, President and CEO
Certain information regarding East West Resource Corporation contained herein may constitute forward looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although East West Resource Corporation believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. East West Resource Corporation cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what East West Resource Corporation currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date.
