NEWS:12/8 "Finalizes Agreement for Zinc..."this, IMO, is really good news. My guess is financing will be no
problem now. The next hurdle will be .18 cents
good tradin'
-oldtimer
Firestone Ventures Finalizes Agreement for Zinc Project in
Guatemala
12/8/04
EDMONTON, ALBERTA, Dec 8, 2004 (CCNMatthews via
COMTEX) --
Firestone Ventures Inc. (TSX VENTURE:FV) is pleased to
announce it has signed a formal agreement to purchase a 100%
interest in the Torlon Hill high grade zinc prospect near
Huehuetenango, 250 km west-northwest of Guatemala City.
Torlon is well situated in terms of access to Pacific Region zinc
markets. The 16 hectare property is road accessible and has
easy access to electrical power.
The Torlon project is a drill-ready high grade zinc prospect with
excellent exploration potential. Zinc oxide-style mineralization
(smithsonite) extends over a 100m x 700m area known as the
"Santa Rosa Corridor" (see Nov. 19, 2004 press release). Torlon
is one of a small number of zinc oxide-style occurrences
world-wide that may be amenable to innovative, low cost types of
processing technology that can produce zinc metal on-site. To
view a fact sheet on the Torlon property and property photos, see
www.firestoneventures.com.
Firestone is working on a detailed budget and drill program
designed to confirm and delineate the mineralized structures on
Torlon Hill and explore for new zones of high-grade zinc. In
addition, the company is also researching various processing
technologies and potential development partners.
Total purchase price of the Torlon mineral property is US
$385,000. Firestone paid US $2,000 to the owners on signing
and must pay the remaining optional purchase payments
according to the following schedule; US $18,000 by April 30,
2005, US $25,000 by April 30, 2006, US $35,000 by April 30,
2007, US $125,000 by April 30, 2008 and US $180,000 by
November 30, 2008. The agreement is subject to regulatory
approval.
Firestone is well-positioned to take advantage of strong
commodity prices for gold, silver, zinc, copper and antimony.
Firestone Ventures Inc. is a public company listed on the
TSX-Venture Exchange. The company's mandate is the
acquisition and exploration of a diverse portfolio of high quality
precious metal, base metal and gemstone properties.
Firestone Ventures Inc.
Lori Walton
V.P. Exploration and Business Development
1-888-221-5588 (Toll Free)
1-780-428-3476 (FAX)
info@firestoneventures.com
www.firestoneventures.com