Quantcast
  • E-mail
  • Print
  • Comment
  • Font Size
  • Digg
  • del.icio.us
  • Discuss article

East West Resource Corporation: Second Nickel-Copper-PGE Property Staked East of Norton Deposit, and South of the Double Eagle Discovery

Posted on: Monday, 25 February 2008, 18:00 CST

East West Resource Corporation (TSX VENTURE: EWR):

A second large claim block was staked to cover geological setting that is potential host to nickel-copper-PGE deposits. Knowledge gained from work on the Norton deposit (presently jointly held by East West, Cascadia International and Trillium North minerals) helped in the identification of this potential. The property, called Max, is located 50 kilometers southeast of the Norton deposit.

Three large magnetic anomalies, interpreted to be mafic-ultramafic intrusions, are covered by the claims. Also, a regional scale north trending structure can be traced from the claim block for 100 kilometers to the vicinity of the Noront Resources Double Eagle nickel-copper-PGE discovery. Regional scale structures often control the emplacement of mafic-ultramafic intrusions that generate nickel-copper-PGE deposits.

An airborne helicopter EM and magnetic survey will commence in two weeks using the VTEM "Dreamcatcher" system flown by Geotech Ltd. This system was first used by East West over the Norton deposit in 2003 and this and other surveys have facilitation drill target selection.

The property is held 100% by East West Resource Corporation and is not subject to any N.S.R. The project set out above is being supervised by R. Middleton, P.Eng. who is the qualified person and responsible for quality control of any assaying and reporting.

The company is continuing its copper exploration programs at Marshall and Clay, and has joint ventured both the Hamlin and Deaty Creek IOCG projects with Xstrata Copper.

This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause East West Resource Corporation's results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof.

ON BEHALF OF THE BOARD OF DIRECTORS

M.J.(Moe) Lavigne, President and CEO

The TSX Venture Exchange does not take responsibility for the adequacy or accuracy of this release.

 Contacts: East West Resource Corporation M.J.(Moe) Lavigne President and CEO (807) 623-3824 (807) 623-0877 (FAX) Email: info@eastwestres.com Website: www.eastwestres.com

SOURCE: East West Resource Corporation


Source: MARKET WIRE

More News in this Category


Related Articles



Rating: 4.5 / 5 (2 votes)
Rate this article:
1/52/53/54/55/5

User Comments (0)

Comment on this article

Your Name
Text from the image
Comment
max 1200 chars
* All fields are required