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| | Mon Jun 2, 2008
Firestone Ventures Intersects 6.63 Metres of 29.41% Zinc, 5.50% Lead at Torlon Hill
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| | June 2/2008 - Firestone Ventures Inc. (FV:TSX-V;F5V:FSE) would like to announce results from the next five drill holes at the Company's Torlon Hill high grade zinc-lead project, situated in western Guatemala. A total of 36 holes were drilled to depths ranging from 19.81 metres to 185.97 metres, totalling 3,458.7 metres. Assay results are pending from drill holes TH08-86 to TH08-101. The drill program is now complete.
Significant intersections from drill holes TH08-81 to TH08-85 are listed below:
Hole
Number |
Total Depth of
Hole (metres) |
From
(metres) |
To
(metres) |
Width
(metres) |
Zn
(%) |
Pb
(%) |
Ag
(g/t) |
TH08-81 |
28.35 |
0.00 |
3.20 |
3.20 |
20.42 |
6.02 |
23.38 |
|
also |
11.28 |
17.91 |
6.63 |
29.41 |
5.50 |
20.92 |
TH08-82 |
20.73 |
0.00 |
3.04 |
3.04 |
17.65 |
2.60 |
10.00 |
TH08-83 |
25.60 |
0.00 |
3.00 |
3.00 |
9.43 |
5.91 |
34.00 |
|
also |
15.24 |
18.29 |
3.05 |
3.77 |
5.32 |
21.00 |
TH08-85 |
33.52 |
0.00 |
13.00 |
13.00 |
4.10 |
2.25 |
7.50 |
|
also |
24.39 |
30.25 |
5.86 |
4.81 |
2.14 |
23.00 |
Holes TH08-81 to TH08-85 were infill and expansion holes drilled along the eastern and southern boundary of the main "Bulge" area of surface zinc mineralization. Hole TH08-86 was lost when the drill string twisted off at 82 meters and the hole did not reach the target depth of 120 meters; the hole was re-drilled as TH08-86A. Results are pending from drill holes TH08-86A to 90, drilled in the area around last year's drill hole TH07-53, which intersected 42.5 metres grading 9.7% zinc, 4.7% lead and 20 g/t silver at 55.5 metre depth. The remaining drill holes, TH08-91 to TH08-101 were drilled at a wide spacing to test zinc-lead soil anomalies south of the previously drilled area.
A map showing the drill hole locations is available at www.firestoneventures.com, along with drill hole specifications.
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 and by Al Workman, P.Geo., Vice President of Watts, Griffis and McOuat Limited. 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.
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
info@firestoneventures.com
Toll Free: 1-888-221-5588
Fax: (780) 428-3476
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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