East West Resource Corporation is please to announce that a 3000 metre core drilling program to test as many as 27 targets has commenced on their Marshall Lake Property. 15 drill targets were selected from airborne electromagnetic (VTEM) anomalies generated in the fall of 2007. The remaining targets are Induced Polarization (IP) anomalies in the vicinity of old showings. Several new IP anomalies were generated from recently completed surveys in the “D” zone, Main Billiton area and east of Teck Hill.
The Marshall Lake property is 310 kilometres north of Thunder Bay and has recently become road accessible. Copper and zinc mineralization hosted in volcanic rock was first discovered in 1954, resulting in numerous properties being staked and explored. Elevated gold and silver values are also common on the property. Past diamond drilling resulted in outlining several mineralized zones. The current program aims to discover hidden mineralization with the aid of modern geophysics.
The company and its 50:50 joint venture partner, Eyeconomy Holdings PLC have consolidated all the existing properties and staked additional claims resulting in control of 50 square miles of the Marshall Lake volcanogenic massive sulphide system. The company has received acknowledgement from Teck Cominco Limited that the company has met its expenditure commitment required to earn 100% interests in 3 mining leases on the Marshall Lake property, subject “to Back in Rights”.
Certain information regarding East West Resource Corporation contained herein may constitute forward looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although East West Resource Corporation believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. East West Resource Corporation cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what East West Resource Corporation currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date.
ON BEHALF OF THE BOARD OF DIRECTORS
M.J. (Moe) Lavigne, President and CEO
East West Resource Corporation
M.J. (Moe) Lavigne
President and CEO
(807) 623-0877 (FAX)
Source: East West Resource Corporation