Highlights from the drill results include:
Hole TH06-42: 25.4 metres of 9.1% zinc, including 13.9 metres of 13.2% zinc
Hole TH06-43: 18.4 metres of 18.0% zinc, including 6.2 metres of 33.6% zinc (with a sub-interval of 2.7 metres of 45.4% zinc).
Hole TH06-44: 29.3 metres of 12.4% zinc
Drill hole TH06-36 (6.1 metres of 8.0% zinc and 2.5% lead) is significant as it defines high grade zinc mineralization at the northern end of Torlon Hill. Holes TH06-43 and TH06-44 are significant since they expand the high-grade zinc zone approximately 30 metres further east. Most of the mineralization defined by drilling is exposed on surface or near-surface. Silver values are generally from 15 g/t to 50 g/t, but range up to 142 g/t (TH06-42). A drill hole location map may be viewed at www.firestoneventures.com and significant zinc and lead intercepts are summarized in the table below. Drilling is on-going until the end of March, 2007.
Significant Drill Intercepts TH06-36 to TH06-44 --------------------------------------------------------------------------- Hole No. Total Depth (m) From (m) To (m) Thickness (m) % Zn % Pb --------------------------------------------------------------------------- TH06-36 45.7 31.3 37.4 6.1 8.0 2.5 --------------------------------------------------------------------------- Including 32.8 36.0 3.2 13.7 4.0 --------------------------------------------------------------------------- TH06-37 96.0 18.6 19.4 0.8 2.6 2.5 --------------------------------------------------------------------------- 36.0 38.0 2.0 13.0 2.4 --------------------------------------------------------------------------- 60.0 68.0 8.0 1.9 1.7 --------------------------------------------------------------------------- 90.0 93.8 3.8 5.3 3.7 --------------------------------------------------------------------------- TH06-38 91.4 32.0 44.5 12.5 5.1 6.6 --------------------------------------------------------------------------- 72.0 73.7 1.7 2.9 4.8 --------------------------------------------------------------------------- 84.1 87.1 3.0 9.8 7.1 --------------------------------------------------------------------------- TH06-39 71.6 0.0 15.2 15.2 7.1 3.3 --------------------------------------------------------------------------- Including 0.0 4.6 4.6 17.9 2.0 --------------------------------------------------------------------------- 27.4 47.6 20.2 2.4 1.2 --------------------------------------------------------------------------- 56.4 57.9 1.5 2.2 25.6 --------------------------------------------------------------------------- 64.9 67.0 2.1 5.4 8.4 --------------------------------------------------------------------------- TH06-40 47.2 0.0 16.7 16.7 16.2 3.8 --------------------------------------------------------------------------- Including 0.0 4.6 4.6 27.9 2.6 --------------------------------------------------------------------------- 25.9 44.8 18.9 8.8 3.5 --------------------------------------------------------------------------- 35.2 36.6 1.4 33.8 2.4 --------------------------------------------------------------------------- TH06-41 35.7 3.1 28.7 25.6 10.1 3.8 --------------------------------------------------------------------------- 12.2 17.0 5.1 23.9 8.4 --------------------------------------------------------------------------- TH06-42 48.8 6.1 31.5 25.4 9.1 2.0 --------------------------------------------------------------------------- Including 13.1 27.0 13.9 13.2 2.1 --------------------------------------------------------------------------- TH06-43 32.0 6.0 24.4 18.4 18.0 2.4 --------------------------------------------------------------------------- Including 18.2 24.4 6.2 33.6 1.2 --------------------------------------------------------------------------- Including 21.7 24.4 2.7 45.4 1.3 --------------------------------------------------------------------------- TH06-44 45.7 0.0 1.5 1.5 33.9 1.2 --------------------------------------------------------------------------- 11.5 40.8 29.3 12.4 4.2 ---------------------------------------------------------------------------
Mineralization at Torlon Hill consists of zinc carbonate (smithsonite) and lead carbonate minerals with minor amounts of lead sulphide (galena). In addition to significant non-sulphide zinc intersections, holes TH06-36, 37, 38, 39 and 40 intersected zones (1 to 7 meters thick) of massive pyrite-galena-sphalerite at the bottom of each hole just above the contact with the underlying serpentinite; however, sulphides constitute only a minor portion of total mineralization.
The winter 2006/2007 Torlon Hill drill campaign has three priority objectives: further expansion of the mineralized zone, detailed in-fill drilling, and improved delineation of deposit geometry. A total of 1,417 metres has been drilled to date of a total 3,600 metres planned. The Company previously drilled 1,441 metres in 22 holes in early 2006.
Sample preparation, quality control and analytical techniques have been described previously (see January 11, 2007 news release). All samples were analyzed by ALS Chemex in Vancouver, Canada.
The road-accessible Torlon Hill project is located 18 road kilometres northwest of the city of Huehuetenango, near the Pan-American Highway in western Guatemala. Drill hole location maps, previous drill results, technical report, a longitudinal section sketch, FAQ sheet and photos are available at www.firestoneventures.com.
This news release has been reviewed and approved by John Cleary, (CPG), Qualified Person for the Torlon Hill project in accordance with regulations under National Instrument 43-101, and by Al Workman, P.Geo., Vice President of Watts, Griffis and McOuat Limited.
Firestone Ventures Inc. is a well-financed Canadian-based resource exploration and development company with zinc, gold and uranium projects in Western Canada and Central America. The common shares of the Company are currently listed on the TSX Venture Exchange (symbol FV) and the Frankfurt Stock Exchange (symbol F5V).
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contact:
Lori Walton, P. Geol. Firestone Ventures Inc. President (780) 428-3465 or Toll Free: 1-888-221-5588 (780) 428-3476 (FAX) Email: [email protected] Website: www.firestoneventures.com Investor Relations Contact Financial Inc. (604) 689-7422
Source: Firestone Ventures Inc.