Drilling targets prioritized on Fishhook Nickel-Copper-PGE Project
1068 claim unit property 30 km south of Noront discovery
2233 line kilometer airborne EM-Magnetic survey completed
Numerous high quality conductors located, drilling planned
The 1068 claim unit property was acquired by East West Resource Corporation (“East West”), (EWR – TSX-V) by staking 30 kilometers south of the Noront Eagle One discovery and covers the basal section of a large mafic-ultramafic intrusion known as the Fishtrap Layered Intrusion. A 50-50 joint venture agreement to share the costs of exploring this large property, the Fishhook, has been signed with Temex Resources Corp.(TSX Venture:TME, Frankfurt:TQ1), originally announced April 1, 2008. The entire property was covered by Geotech Ltd. VTEM airborne system which generated 2233 line kilometers of both magnetic and electromagnetic data.
The Fishhook data set has now been interpreted and eleven areas have been selected as top priority drill targets. Eight represent massive sulphide nickel-copper-PGE targets in that they have very strong late time responses with direct magnetic correlation and would represent Noront type massive sulphide zones. There are also 3 areas with early time responses within the layered mafic intrusive complex where chromite layers have been found. These conductors may represent PGE-nickel-copper bearing layers. Chromite layers have been noted on the Noront property. In addition to the top priority drill targets, conductors that flank magnetic stratigraphy that still may represent copper-nickel minerals on the margin of mafic intrusions and there are numerous other conductors that may represent VMS settings beyond the layered complex. A drill program is scheduled to begin this summer.
This project set out above is being supervised by R.S. Middleton, P.Eng, who is the qualified person and responsible for quality control of assaying, geophysical surveys and exploration program. More details are available at www.eastwestres.com
ON BEHALF OF THE BOARD OF DIRECTORS
M.J.(Moe) Lavigne, President and CEO