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| | Tue Apr 15, 2008
Firestone Ventures Intersects 19.81 Metres of 10.01% Zinc, 4.66% Lead at Torlon Hill
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| | April 15/2008 - Firestone Ventures Inc. (FV:TSX-V;F5V:FSE) is pleased to announce results from the next nine drill holes at the Company's Torlon Hill high-grade zinc-lead project, situated in western Guatemala. A total of 1,699.3 metres (23 vertical drill holes) of the planned 3,700 metre winter 2008 drill campaign has been completed to date. The drill program will be on-going until June, 2008. A total of 4,935 metres was drilled previously in 2006 and 2007.
Highlights from the new drill results include:
- Hole TH08-74 39.63 m of 5.14% zinc, 1.81% lead and 17.81 g/t silver
- Hole TH08-75 15.00 m of 4.44% zinc, 1.29% lead and 9.67 g/t silver
- Hole TH08-76 3.05 m of 11.67% zinc, 1.96% lead and 16.12 g/t silver
- Hole TH08-78 12.01 m of 6.58% zinc, 3.46% lead and 20.48 g/t silver.
- Hole TH08-80 19.81 m of 10.01% zinc, 4.66% lead and 13.83 g/t silver.
"We are very encouraged by these latest drill results," says Lori Walton, President of Firestone Ventures Inc. "In particular, we are pleased by the intervals of buried zinc-lead mineralization that have no surface expression."
A map showing the drill hole locations is available at www.firestoneventures.com, along with drill hole specifications. A table showing significant drill intersections is provided at the end of this news release.
Holes TH08-72 through TH08-77 were drilled northwest of previous drilling, where there is no surface expression of zinc mineralization. Holes TH08-78 to 80 were infill and expansion holes drilled along the eastern boundary of the main 'Bulge" area of surface zinc mineralization. Drill Hole TH08-79 intersected unmineralized serpentinite. Results are pending from drill holes TH08-81 to 85, also along the eastern boundary of the "Bulge".
The drill has now moved to test the area around drill hole TH07-53, which intersected 42.5 metres grading 9.7% zinc, 4.7% lead and 20 g/t silver at 55.5 m depth. The drill will then move south to test zinc-lead soil anomalies south of the previously drilled area.
Mineralization at the intensely oxidized Torlon Hill deposit consists largely of smithsonite (a zinc carbonate mineral) cross-cut by galena (lead sulphide) veinlets. The deposit is contained within a shallowly southeast-dipping body measuring approximately 400 metres long, 20 to 100 metres wide and up to 30 metres thick. Previous high-grade drill intersections include 25 metres of 26.77% zinc, 1.42% lead, 5.98% silver and 53.3 metres of 9.66% zinc, 1.86% lead and 12.21 g/t silver (see news release dated Oct. 4, 2007). Most mineralization defined by drilling to date occurs on or near surface. The deposit is still open to expansion, mainly to the west and south.
This news release has been reviewed and approved by J. Cleary, CPG, Qualified Person. The road-accessible Torlon Hill project is located 18 kilometres northwest of the city of Huehuetenango, which is situated on the Pan-American Highway in western Guatemala. Sample preparation, quality control and analytical techniques have been described previously (see March 19, 2008 news release). All samples were analyzed by ALS Chemex in Vancouver, B.C.
Highlights from the current set of drill results include:
Hole Number |
Total Depth (meters) |
From (meters) |
To
(meters) |
Width (meters) |
Zn
(%) |
Pb
(%) |
Ag
(g/t) |
TH08-73 |
107.31 |
89.93 |
94.70 |
4.77 |
5.35 |
2.30 |
16.14 |
TH08-74 |
129.26 |
47.25 |
49.50 |
2.25 |
8.51 |
3.03 |
20.47 |
|
and |
68.44 |
108.07 |
39.63 |
5.14 |
1.81 |
17.81 |
|
including |
69.96 |
79.26 |
9.30 |
6.41 |
2.76 |
37.11 |
|
including |
88.94 |
92.07 |
3.13 |
9.92 |
3.24 |
20.07 |
|
including |
100.30 |
103.50 |
3.20 |
12.53 |
2.04 |
23.50 |
|
and |
125.10 |
126.21 |
1.11 |
11.35 |
4.70 |
32.00 |
TH08-75 |
141.76 |
56.00 |
71.00 |
15.00 |
4.44 |
1.29 |
9.67 |
|
including |
56.00 |
60.97 |
4.97 |
6.69 |
0.87 |
11.77 |
TH08-76 |
158.23 |
58.00 |
65.57 |
7.54 |
5.90 |
8.22 |
38.34 |
|
including |
60.89 |
64.02 |
3.05 |
11.67 |
1.96 |
16.12 |
|
and |
98.17 |
101.98 |
3.81 |
4.32 |
1.36 |
4.99 |
|
and |
112.10 |
117.37 |
5.27 |
4.47 |
2.42 |
7.44 |
|
and |
134.60 |
137.50 |
2.90 |
10.05 |
5.49 |
23.00 |
|
and |
140.70 |
142.98 |
2.28 |
4.56 |
1.76 |
8.00 |
|
and |
149.00 |
150.91 |
1.91 |
4.92 |
1.83 |
15.00 |
TH08-77 |
127.74 |
21.00 |
23.00 |
2.00 |
4.66 |
0.34 |
4.00 |
TH08-78 |
37.91 |
20.00 |
32.01 |
12.01 |
6.58 |
3.46 |
20.48 |
TH08-80 |
19.81 |
0.00 |
19.81 |
19.81 |
10.01 |
4.66 |
13.83 |
|
including |
13.26 |
15.16 |
1.90 |
23.80 |
9.11 |
22.00 |
Significant intervals that fall below the 3% cut-off include:
TH08-72 |
100.00 |
46.78 |
97.56 |
50.78 |
1.06 |
2.43 |
14.26 |
|
including |
82.16 |
83.68 |
1.52 |
3.19 |
2.25 |
11.00 |
TH08-75 |
141.76 |
94.35 |
106.70 |
12.35 |
2.22 |
0.87 |
4.79 |
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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