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| | Tue Nov 20, 2007
Firestone Ventures Reports New Target Areas on Sonora Gold Project, Yukon Territory
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| | November 20, 2007 - Firestone Ventures Inc. (FV:TSX-V, F5V:FSE) is pleased to announce that three new target areas have been identified through surface exploration, in combination with diamond drilling results, during the 2007 season on Firestone's Sonora gold-silver-copper project. The Sonora project is located 110 km northwest of Carmacks, Yukon Territory, Canada, within 25 kilometres of a seasonal access road and within 40 kilometers of Sherwood Copper's Minto copper-gold mine project, now in production.
Concerto Creek Anomaly
Results from reconnaissance soil sampling ranged up to 0.163 grams/tonne gold and 4.3 grams/tonne silver near the headwaters of "Concerto Creek", 1.5 kilometers east of the Amadeus Gold Zone. A silt sample from a tributary roughly 0.5 kilometres downstream returned 0.250 grams/tonne gold. Results show a similar geochemical signature to the Amadeus Zone.
Bear Hill Showing
Samples of silicified rock 9 km west of the Amadeus Gold Zone returned anomalous gold values to 0.337 grams/tonne. A 2007 silt sample collected nearby returned strongly anomalous gold, chromium and nickel values. A silt sample taken roughly 0.5 km northwest of the Bear Hill showing returned 0.133 grams/tonne gold.
Ultramafic Anomaly
A third anomaly was identified partially through results of Drill Hole SG-07-22, targeting the "Ultramafic Horizon" northwest of the Amadeus Gold Zone (see News Release dated Nov 16, 2007). Drill results revealed strongly anomalous gold values to 0.939 grams/tonne across 1.5 metres, directly along the southern contact of this 5.5 kilometre long horizon. Silt sampling from the area returned 0.545 grams/tonne gold with elevated nickel and chrome values, the latter suggesting proximity to an ultramafic source. Two anomalous gold values from silt sampling near the Bear Hill showing, roughly 2.5 km further west, and along strike of, the ultramafic horizon, were associated with strongly anomalous chromium and nickel values.
This News Release has been reviewed and approved by Carl Schulze, BSc, PGeo, Qualified Person for the property, in accordance with regulations under National Instrument 43-101. All samples are being analyzed by ALS Chemex labs of North Vancouver, British Columbia, Canada. A fact sheet on the Sonora property, property location map and previous news releases are available at www.firestoneventures.com. Firestone Ventures is earning in for an 80% interest in the Sonora property.
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). 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
For Investor Relations please call: Contact Financial Inc. at (604) 689-7422 Investors can also visit www.agoracom.com/IR/Firestone or email questions to FV@agoracom.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release |
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| | You can view the Next News Releases item: Mon Dec 3, 2007, Firestone CEO Lori Walton Named Prospector Of The Year
You can view the Previous News Releases item: Fri Nov 16, 2007, New Gold Target Identified by Firestone Ventures from Final Drill Results on Sonora Project, Yukon
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