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| | Wed Aug 9, 2006
Firestone Ventures Mobilizes Field Crew to the Morris Gold-Silver-Antimony Property, B.C.
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| | August 9, 2006 - Firestone Ventures Inc. (FV: TSX-V) is pleased to announce that a geological fieldcrew has been mobilized to the Company's Morris gold-silver-antimony project located 120 km west of Williams Lake, British Columbia, Canada. The property consists of six claim units covering approximately 150 hectares (371 acres).
The surface exploration program will consist of detailed prospecting, rock chip and channel sampling, and soil sampling. A mini-bulk sample of vein material will be collected for further testing. In addition, the bulk tonnage gold and silver potential of the property will be evaluated further.
The Morris property hosts gold and silver-bearing quartz-stibnite veins which underwent limited underground mining in the early 20th century. The last significant work on the property was a diamond drill program completed in 1981, which included metallurgical testing of a bulk sample.
In 2004, Firestone Ventures conducted a surface exploration program that confirmed the high-grade nature of the veins and led to discovery of abundant new gold-silver-antimony vein talus in a separate area (see news release dated Oct. 20, 2004). Of 82 rock samples taken, 10 returned greater than 1% antimony to a maximum of 32.7%. Four grab rock samples returned values equal to or exceeding 55.6 g/t gold and 260 g/t silver. A 1.1 metre chip sample across the No. 1 vein returned 15.2 g/t gold, 383 g/t silver and 13.55% antimony; arsenic content was 0.83%.
"Production constraints in China have led to price increases for antimony", says Lori Walton, President of Firestone Ventures. "Antimony compounds are used as a flame-retardant component in children's clothing and toys, as well as in plastics and other materials. Antimony, now priced at over US$5,000/tonne, is also used in batteries, the semi-conductor industry and as a hardener for lead."
A previous Letter of Intent signed between Firestone Ventures Inc. and MacLellan Mining Group Ltd, (see news release Jan. 20, 2006) has expired. Firestone is currently earning a 100% interest in the Morris property, subject to a 2% net smelter royalty.
This news release has been reviewed and approved by Carl Schulze, PGeo, Qualified Person for the Morris project. Additional information on the Morris project, including news releases and a fact sheet, is available at www.firestoneventures.com.
Firestone Ventures Inc. has a portfolio of high quality zinc, gold and uranium properties. For further information, please contact:
Lori Walton, P. Geol., President
Toll Free: 1-888-221-5588
Fax: (780) 428-3476
info@firestoneventures.com
www.firestoneventures.com
Trading Symbol: FV: TSX-V; F5V: FSE
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release |
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