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| | Tue Apr 13, 2010
Firestone Ventures Identifies Zinc-Lead-Silver Soil Anomalies
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| | April 13, 2010 - Firestone Ventures Inc. (FV:TSX-V;F5V:FSE) ("Firestone" or the "Company") is pleased to announce that several areas of anomalous zinc, lead and silver values have been identified from the first phase of soil sampling on the Quetzal zinc-lead-silver property. Two of the areas broadly coincide with historic workings on the property, but a number of anomalies were noted in new areas.
A total of 774 soil samples were collected on a 50 metre by 50 metre grid covering an area 1.5 by 2 kilometres. The property is underlain by Permian dolostone and limestone. Background concentrations for zinc, lead and silver in soils in the area surveyed are 202 ppm zinc, 91 ppm lead and 0.1 ppm silver. The most significant anomalies are listed below:
Glory Anomaly
Soil geochemical results show a broad area 600 metres by 400 metres of very strongly anomalous zinc and lead. Fifty-two of the soil samples returned zinc values greater than 500 ppm. Several of the highest grade soil samples in the Glory anomaly area were collected near old mine workings or dumps and returned ore-grade values of up to 8.07% zinc and up to 2.5% lead. Silver values were up to 37.7 g/t.
Quantum Anomaly
The Quantum soil anomaly covers an area 300 by 150 metres and is 200 metres north of the Glory Anomaly. Eight soil samples contained over 500 ppm zinc and seven samples contained over 500 ppm lead. There are historic workings and dumps in the area, accounting for the ore-grade values in several of the soil samples (up to 15.5% zinc and 1.9% lead). Silver values were up to 18 g/t.
Red Anomaly
The Red Anomaly covers 400 metres by 150 metres and is 100 metres southwest of the Glory Anomaly. Seven soil samples returned zinc values over 600 ppm, with the highest at 37,457 ppm zinc (3.74%). A total of 11 samples contained lead values over 600 ppm lead with the highest sample returning 15,460 ppm (1.55% lead). Silver values are up to 9.8 g/t. There are no known workings in the Red anomaly area.
Blue Anomaly
The Blue anomaly covers 350 metres by 150 metres located 300 metres west of the Glory anomaly. Eight soil samples returned over 500 ppm zinc, with the highest value 1470 ppm zinc. Three samples returned lead values of over 500 ppm with the highest 1429 ppm lead. Silver is up to 0.5 g/t.
Results from the second phase of soil sampling on the property are pending. Previously, the Company reported on high grade zinc-lead-silver rock chip samples collected from surface and from various historic workings on the property (February 1, 2010). The results are being compiled into the Company's database and an ongoing 2,000 metre drill program is expected to be complete by June, 2010.
Soil samples were sent to the BSI Inspectorate facility in Guatemala City for preparation and then sent by courier to the International Plasma Labs Ltd. facility in Vancouver, British Columbia, Canada for analysis using 30 element ICP and 30g FA/AAS. The road-accessible Quetzal property is 100% owned by Firestone subject to a 2% NSR. It is located 100 kilometres northeast of Guatemala City, Guatemala.
This news release has been reviewed and approved by John Cleary, (CPG), Firestone's Vice President of Exploration and Qualified Person in accordance with National Instrument 43-101 and by Al Workman, P.Geo., Vice President of Watts, Griffis and McOuat Limited and Independent Qualified Person.
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
This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, "best-efforts" financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com. The Company disclaims any intention or obligation to revise or update such statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. |
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