More news from HamlinEast West expands Cu-Ag-Au-Mo zone at Hamlin property
East West Resource Corp (TSX-V:EWR)
Shares Issued 90,083,316
Last Close 11/22/2005 $0.13
Wednesday November 23 2005 - News Release
Mr. Blake Colvin reports
HAMLIN COPPER-SILVER-GOLD-MOLYBDENUM ZONE EXPANDED IN THE SHEBANDOWAN CAMP THUNDER BAY, ONTARIO
East West Resource Corp. has expanded the copper-silver-gold-molybdenum zone at its Hamlin property in the Shebandowan camp, Thunder Bay, Ont. Highlights of the expansion include:
HAM-05-34 yielded a copper equivalent of 0.86 per cent copper (Cu) over 47 metres (154.1 feet);
0.357 per cent Cu, two grams per tonne (g/t) silver (Ag), 0.124 g/t gold (Au), 0.6 pound per ton molybdenum (Mo) over 47 metres (154.1 feet);
high Mo values of 3,740 parts per million (ppm) over 0.5 metre and 1,275 ppm over 0.5 metre in the lower portion of hole;
the zone tested over 800 metres in length and is open to east and to depth;
further drilling planned on north contact zone;
pulsed EM report received and more conductors confirmed; and
infill sampling being completed to expand width of zones.
Hole HAM-05-34, located 120 metres west of hole HAM-05-29b and HAM-05-30, has yielded a copper equivalent value of 0.86 per cent Cu over 47 metres (154.1 feet). Higher copper values appear to occur near the north contact zone where the breccia host is in contact with the felsic volcanics. Three samples in the upper portion of the northern contact zone exceed 1 per cent Cu (1.33 per cent, 1.21 per cent and 1.38 per cent). The lower portion of the hole has one sample of 1.28 per cent Cu; however, the molybdenum values were generally higher than the upper northern contact portion with two values being 3,740 ppm and 1,275 ppm Mo per tonne. Additional splitting of HAM-05-29b and HAM-05-30 is under way to expand the width and infill between the zones. Copper equivalent values in HAM-05-29b are 0.54 per cent over 10 metres in the upper part and 0.873 per cent over 14 metres in the lower part. Hole HAM-05-30 previously announced a 12-metre, 10-metre and 16-metre interval, which now calculates 0.53 per cent, 0.58 per cent and 0.73 per cent Cu equivalents, respectively (see Nov. 16, 2005, Stockwatch news). HAM-05-30 yields a value of 0.513 per cent Cu equivalent over the total 85.25 metres (279.6 feet).
Conductors along the north contact zone further east have been defined by the pulsed EM survey that shows that the north contact zone extends to line 19e, and is parallel to and in contact with an IP anomaly that is associated with the breccia. Chalcopyrite and molybdenum occur in outcrops between lines 15e and 20e in association with the IP anomalies. One grab sample assayed 0.79 per cent Mo (17.38 pounds per ton Mo) on line 17e. Winter drilling will be focused on the eastern extension along the north contact zone to confirm a 2,000-metre length as defined by the IP survey.
HAM-05-34
Ticket From To Length Cu Cu Cu
No. (m) (m) (m) (ppm) (%) (pound
per
ton)
638102 16 17 1 13300 1.330 29.3
638103 17 18 1 4660 0.466 10.3
638104 18 19 1 2490 0.249 5.5
638105 19 19.5 0.5 12100 1.210 26.6
638106 19.5 20 0.5 2340 0.234 5.1
638107 20 21 1 5240 0.524 11.5
638108 21 22 1 7500 0.750 16.5
638109 22 23 1 9390 0.939 20.7
638110 23 24 1 2060 0.206 4.5
638111 24 25 1 2060 0.206 4.5
638112 25 26 1 6540 0.654 14.4
638113 26 27 1 5720 0.572 12.6
638114 27 28 1 757 0.076 1.7
638115 28 28.5 0.5 1530 0.153 3.4
638116 28.5 29 0.5 13800 1.380 30.4
638117 29 30 1 1015 0.102 2.2
638118 30 31 1 8120 0.812 17.9
638119 31 32 1 2200 0.220 4.8
638120 32 33 1 2240 0.224 4.9
638121 33 34 1 7330 0.733 16.1
638122 34 35 1 4720 0.472 10.4
638123 35 36 1 6030 0.603 13.3
638124 36 37 1 1790 0.179 3.9
638125 37 38 1 3570 0.357 7.9
638126 38 39 1 958 0.096 2.1
638127 39 40 1 3040 0.304 6.7
638128 40 41 1 2040 0.204 4.5
638129 41 42 1 1360 0.136 3.0
638130 42 43 1 637 0.064 1.4
638131 43 44 1 982 0.098 2.2
638132 44 45 1 766 0.077 1.7
638133 45 46 1 1850 0.185 4.1
638134 46 47 1 1180 0.118 2.6
638135 47 48 1 3830 0.383 8.4
638136 48 49 1 1300 0.130 2.9
638137 49 50 1 4050 0.405 8.9
638138 50 50.5 0.5 61 0.006 0.1
638139 50.5 51 0.5 5570 0.557 12.3
638140 51 52 1 3250 0.325 7.2
638141 52 53 1 1125 0.113 2.5
638142 53 54 1 1445 0.145 3.2
638143 54 54.5 0.5 12800 1.280 28.2
638144 54.5 55 0.5 5180 0.518 11.4
638145 55 56 1 1515 0.152 3.3
638146 56 57 1 1200 0.120 2.6
638147 57 57.5 0.5 1410 0.141 3.1
638148 57.5 58 0.5 4670 0.467 10.3
638149 58 59 1 3320 0.332 7.3
638150 59 60 1 711 0.071 1.6
638151 60 61 1 1110 0.111 2.4
638152 61 61.5 0.5 903 0.090 2.0
638153 61.5 62 0.5 7440 0.744 16.4
638154 62 63 1 1330 0.133 2.9
Weighted
average 47 3567 0.357 7.8
Ticket Ag Au Mo Mo Cu Eq.
No. (g/t) (g/t) (ppm) (pound (%)*
per
ton)
638102 7.26 0.300 554.0 1.219 2.41
638103 3.04 0.150 316.0 0.695 1.07
638104 1.50 0.110 92.1 0.203 0.45
638105 5.87 0.290 427.0 0.939 2.06
638106 1.51 0.100 103.0 0.227 0.45
638107 3.03 0.210 115.0 0.253 0.81
638108 4.37 0.240 308.0 0.678 1.38
638109 5.13 0.370 308.0 0.678 1.62
638110 1.39 0.090 293.0 0.645 0.74
638111 1.09 0.070 142.0 0.312 0.48
638112 3.69 0.210 243.0 0.535 1.16
638113 3.52 0.210 539.0 1.186 1.57
638114 0.66 0.030 53.3 0.117 0.18
638115 1.05 0.080 163.0 0.359 0.46
638116 9.73 0.990 95.9 0.211 1.96
638117 0.92 0.040 71.9 0.158 0.24
638118 3.19 0.350 140.5 0.309 1.20
638119 1.46 0.080 76.4 0.168 0.39
638120 1.10 0.080 139.0 0.306 0.49
638121 3.00 0.160 366.0 0.805 1.42
638122 2.47 0.180 299.0 0.658 1.05
638123 3.14 0.100 105.5 0.232 0.83
638124 0.98 0.040 98.8 0.217 0.36
638125 2.28 0.130 261.0 0.574 0.85
638126 0.62 0.030 99.3 0.218 0.28
638127 1.69 0.110 209.0 0.460 0.70
638128 1.33 0.070 262.0 0.576 0.67
638129 0.96 0.040 138.0 0.304 0.39
638130 0.46 0.020 21.8 0.048 0.11
638131 0.60 0.040 107.5 0.237 0.30
638132 0.40 0.040 95.5 0.210 0.24
638133 1.00 0.040 74.0 0.163 0.32
638134 0.75 0.040 88.6 0.195 0.27
638135 2.05 0.040 311.0 0.684 0.92
638136 0.65 0.040 159.5 0.351 0.40
638137 1.92 0.040 60.8 0.134 0.52
638138 0.09 0.040 21.7 0.048 0.04
638139 2.99 0.040 367.0 0.807 1.19
638140 1.58 0.040 292.0 0.642 0.82
638141 0.66 0.040 156.0 0.343 0.38
638142 0.90 0.040 782.0 1.720 1.45
638143 4.60 0.040 599.0 1.318 2.31
638144 2.78 0.040 3470 7.634 6.32
638145 0.79 0.040 413 0.909 0.85
638146 0.57 0.040 211 0.464 0.48
638147 0.91 0.040 1275 2.805 2.27
638148 2.63 0.040 408 0.898 1.17
638149 1.80 0.040 352.0 0.774 0.93
638150 0.36 0.040 198.0 0.436 0.40
638151 0.76 0.040 340.0 0.748 0.68
638152 0.46 0.040 293.0 0.645 0.58
638153 9.21 0.040 205.0 0.451 1.14
638154 0.57 0.040 194.0 0.427 0.46
Weighted
average 2.00 0.105 272.3 0.599 0.86
* Copper equivalent is calculated using assumed metal prices of $1.80 (U.S.) per pound Cu, $460 (U.S.) per ounce Au, $30 (U.S.) per pound Mo and $7 (U.S.) per ounce Ag, and is not adjusted for metallurgical recoveries as these remain unknown. The formula used is as follows: Cu Eq. (%) = [(Cu ($) + Ag ($) + Au ($) + Mo ($))/1.8]/22 (500 ppm = 0.05 per cent = 1.1 pounds per ton).
East West Resource and Maple Minerals (a division of Mega Uranium Ltd.) each hold a 50-per-cent interest in the Hamlin-Shebandowan property.
Base metal and silver values (copper, silver, molybdenum) were determined by ICP-induced coupled plasma after an aqua regia acid digestion. Assays exceeding 100 grams silver and 10,000 ppm copper were repeated using multi-acid digestion and atomic absorption (AA). Check assays were run on high values. Preparation of the samples outlined in this news release were carried out by ALS Chemex in Thunder Bay, Ont., and assaying was carried out by ALS Chemex in North Vancouver, B.C.
Gold values were determined by fire assay extraction on 30-gram samples followed by an AA finish.
The project set out above is being supervised by R. Middleton, PEng, who is the qualified person and responsible for quality control of the assaying and reporting.