East West Resource Corporation: Copper Zone Confirmed on Teck Hill 550 Metres East of Gazooma Discovery Marshall Lake Camp Thunder Bay, Ontario
Posted on: Thursday, 21 June 2007, 09:03 CDT
East West Resource Corporation (TSX VENTURE: EWR) and its joint venture partner Eyeconomy Holdings PLC (UKPLUS: EYE) are pleased to announce the results of drill hole TK-07-2 in the Teck Hill area of the Marshall Lake copper zinc volcanogenic massive sulphide (VMS) camp.
A 0.75m band of semi-massive chalcopyrite (copper) followed by 27m of stringer and disseminated chalcopyrite was intersected on the down dip extension of the original Teck Hughes copper discovery, 100m to the north, made by Walter Baker in 1954. An airborne EM conductor 50m to the east suggests the possible presence of other conductive massive sulphides in the immediate area. Hole TK-07-2 is located on a claim purchased from Teck Cominco Limited (see NR December 4, 2006) and is 50m south of the boundary of a claim held by the joint venture.
It is now apparent from trenching that a wide spread copper system occurs at Teck Hill and the IP (induced polarization) anomaly which links the Teck Hill showings with Gazooma creates a 600m long copper target.
Table of Assays -------------------------------------------------------------------- TK-07-02 -------------------------------------------------------------------- Ticket # From To Width Cu Zn Ag Au (m) (m) (%) (ppm) (g/t) (g/t) -------------------------------------------------------------------- 816330 56.25 57 0.75 5.200 381 51.2 1.22 816331 57 58 1 1.750 149 17.5 0.107 816332 58 59 1 0.780 51 7.8 0.061 816333 59 60 1 0.671 25 5.9 0.013 816334 60 61 1 0.220 31 1.9 0 816335 61 62 1 0.104 38 0.9 0 816336 62 63 1 0.008 18 0 0 816337 63 64 1 0.358 47 2.9 0.022 816338 64 65 1 0.579 16 0.6 0 816339 65 66 1 0.326 21 2.8 0.008 816340 66 67 1 0.275 11 2.5 0.006 816341 67 68 1 0.401 61 3.9 0.011 816342 68 69 1 0.956 211 9.8 0.068 816343 69 70 1 0.425 512 4.1 0.027 816344 70 71 1 0.303 26 2.7 0.029 816345 71 72 1 0.246 38 2.1 0.01 816346 72 73 1 0.230 46 1.9 0.012 816347 73 74 1 0.267 28 2.4 0.041 816348 74 75 1 0.613 113 4.9 0.057 816349 75 76 1 0.258 60 2.3 0.05 816350 76 77 1 0.193 33 2 0.018 816351 77 78 1 0.592 57 6.3 0.018 816352 78 79 1 0.091 49 1.1 0.005 816353 79 80 1 0.123 17 1.1 0.006 816354 80 81 1 0.099 11 0.9 0.017 816355 81 82 1 0.303 49 2.5 0.035 816356 82 83 1 0.131 43 1.1 0 816357 83 84 1 0.166 45 1.3 0.007 -------------------------------------------------------------------- 56.25 84 27.75 0.518 75.4 4.7 0.056 Wtd. Avg. 56.25 61 4.75 1.541 114.1 15.1 0.231 Included 63 78 15.00 0.401 85.3 3.4 0.025 56.25 58 1.75 3.229 248.4 31.9 0.584 --------------------------------------------------------------------
When analysing for base metal and silver values (Copper, Zinc and Silver) were determined by ICP (inductively coupled plasma) after an aqua regia acid digestion. Assays exceeding 100 grams silver and 10,000 parts per million (ppm) copper were repeated using multi acid digestion and atomic absorption (AA). Check assays were run on high values. A standard sample is submitted for verification of accuracy. Gold values were determined by fire assay extraction on 30-gram samples followed by an AA finish.
ALS Chemex in Thunder Bay carried out preparations of the samples outlined in this news release and ALS Chemex in North Vancouver carried out assaying.
The project set out above is being supervised by R. Middleton, P.Eng, who is the qualified person and responsible for quality control of the assaying and reporting. Detailed assays for this drill hole are available on the company's website at www.eastwestres.com.
About the Marshall Lake Camp:
East West Resource Corporation and Eyeconomy Holdings PLC each hold a 50% interest in the all year round road accessible Marshall Lake Copper Zinc VMS camp located 310 kilometers north of Thunder Bay, Ontario, Canada.
The Marshall Lake area was explored between 1954 and 1996 leading to a series of historic high grade near surface copper zinc discoveries. The exploration area is more than forty-three square miles.
This historic mineral property became road accessible after 2000 following the completion of all weather roads by logging operators. Access now permits the deployment of heavy digging equipment, modern geophysical tools and significantly reduces exploration costs.
During the second half of 2006 the joint venture partners built a network of drill access trails focusing on exposing the existing showings which resulted in a major VMS copper zinc discovery at Gazooma on the Marshall Lake Camp in December 2006.
The partner's long-term strategy is to define and develop near surface base metal resources on the property while considering the deeper potential of the property as the database is developed. The joint venture partners each contribute 50% to ongoing exploration expenditure.
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
Blake Colvin, Director
THE TSX VENTURE EXCHANGE DOES NOT TAKE RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts: East West Resource Corporation Blake Colvin Director (807) 623-3824 (807) 623-0877 (FAX) Email: info@eastwestres.com Website: www.eastwestres.com
SOURCE: East West Resource Corporation
Source: MARKET WIRE
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