Eva Kitto PGE Exploration Program Advanced, Thunder Bay, Ontario
Thunder Bay, Ontario – January 26, 2009 – East West Resource Corporation (TSX-V: EWR) is pleased to announce that a detailed airborne EM and magnetic survey, and one drill hole were completed in December, 2008, over the 210 claim unit Eva Kitto property which is under option to International Bethlehem Mining Corporation (TSX-V: IBC).
The survey outlined a number of conductor trends in the basement rocks that likely represent key sulphur sources for the generation of nickel-copper-PGE deposits within Proterozoic ultramafic rocks that form the Eva Kitto cone-ring intrusion. This intrusion is 10km in diameter and is similar in size and setting as the Talnak intrusion in Siberia that hosts some of the world class copper-nickel-PGE deposits. The mid continental rift system located in Lake Superior to the south of the property has a number of branch faults that are "failed arms" of the main Rift Fault and several intrusions in the Lake Nipigon region are related to such structures including the Seagull PGE bearing intrusion and new PGE discoveries by Magma Metals in that area.
The 245.36 metre hole intersected 173 metres of ultramafic rock before entering sulphide rich volcanic basement rock. This hole continued 30m into basement, then entered more ultramafic rock where the hole was stopped. This second ultramafic intercept is likely a dike, which are important features for locating sulphide bodies containing copper-nickel-PGE. Further drilling on this hole is planned for February as well as step-out holes in this area and other new targets.
International Bethlehem Mining Corporation (TSX-V: IBC) have an option to earn a 30% interest in the property by spending $500,000 of which $150,000 has been spent so far and the right to earn up to 60% by spending an additional $1,000,00 within 3 years. The Eva Kitto property is located near the town of Beardmore, Ontario next to Hwy 11, the Trans Canada gas pipeline and a rail line, approximately 180km north-northeast of Thunder Bay, Ontario.
The drill program is being supervised by Mr. Robert Middleton, P.Eng, Geophysicist, and is the Qualified Person for this project in accordance with regulations under the NI 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS
M.J.(Moe) Lavigne, President and CEO