East West Makes Several New Discoveries On GP2 Property, Ring of Fire
- Anomalous copper-nickel mineralization over 80 metres in hole GP2-08-01
- Anomalous copper-zinc mineralization in three holes
- Geological environment includes both "Magmatic" copper-nickel" and "VMS" copper-zinc"
- Follow-up program recommended
THUNDER BAY, ONTARIO: November 25th, 2008; East West Resource Corporation (TSX-V – EWR), ("East West") (the "Company") provides results on an eight-hole 1,280 metre diamond drilling program completed on its GP2 Property (the "Property") located in the McFaulds Lake "Ring of Fire" area of northwestern Ontario and located approximately 50 kilometres southwest of the Noront Resources Ltd. ("Noront") Double Eagle copper-nickel-platinum group element ("Cu-Ni-PGE") discoveries and the Spider-KWG Resources copper-zinc ("Cu-Zn") volcanogenic massive sulphide ("VMS") discoveries. The GP2 Property is held under Joint Venture between the Company and Temex Resources Corp. ("Temex") and on which Mill City Gold Corp ("Mill City") has the option to earn a 50% interest. The program is funded 100% by Mill City with Temex acting as operator.
Results have been received for all eight holes completed in September 2008 on the GP2 Property. Initial drilling tested the higher ranked targets outlined by VTEM airborne geophysical survey clustered within a 7 by 2 kilometre section of the Property. This area has high magnetic background thought to represent a belt of unmapped mafic to ultramafic intrusive and volcanic rocks with no record of previous exploration or drilling of any kind.
Hole GP2-08-01 tested a single location on a 400 metre long VTEM conductor with a strong magnetic correlation. The hole intersected strongly anomalous copper mineralization with elevated nickel mineralization over an 80 metre core length averaging 0.15% copper including several narrower intercepts of 1.11% copper over 1.29 metres and 1.25% copper over 0.41 metres. The copper sulphide mineralization is hosted by frequently brecciated gabbroic to ultramafic rocks and is associated with strongly elevated nickel values. Holes GP2-08-04 and GP2-08-06 tested 400 metre and 1100 metre long airborne anomalies and intersected volcanogenic massive sulphide assemblages with elevated amounts of lead-zinc +/- copper including 1.27% zinc and 0.86% lead over 3.69 metres (Hole GP2-08-06). Further work has been recommended to fully evaluate these targets, including ground geophysics and additional diamond drilling of the geophysical targets along their strike length, in additional to testing all identified targets.
Moe Lavigne comments, "We are very pleased to have discovered these metal bearing systems and we are looking forward to fully evaluating them"
This news release has been reviewed and approved 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