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| | Thu Sep 2, 2004
Exploration Update on Morris Gold-Silver-Antimony Property
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| | VANCOUVER, B.C., Sept. 2/CNW - Firestone Ventures Inc. (FV:TSX-V) is pleased to announce initial results from its surface exploration program at the Morris project, located 110km southwest of Williams Lake, British Columbia, Canada. Firestone has an option to acquire a 100% interest in the Morris property, consisting of six mineral claims covering an area of 150 hectares (372 acres).
Firestone's 2004 surface exploration program (see July 21, 2004 press release) focused on chip sampling the No. 1 and No. 2 gold-silver-antimony-arsenic quartz veins, in addition to exploring for lower grade "bulk tonnage"precious metal targets. Three chip samples from the north trending "No. 1 Vein", the target of underground exploration in the early 1900's, returned values from 0.33 g/t gold, 6.8 g/t silver and 0.70% antimony across 1.04m, to 15.2 g/t gold, 383 g/t silver and >1.0% antimony across 1.1m. Two grab rock samples returned values of 5.56 g/t gold and 439 g/t silver, and 41 g/t gold with 597 g/t silver respectively.
Results of five chip samples from the northwest trending "No. 2 Vein" ranged from 1.22 g/t gold, 12.7 g/t silver and 93 ppm antimony across 0.8m, to 9.79 g/t gold, 146 g/t silver and >1.0% antimony across 1.1m. Four grab rock samples returned values from 2.55 g/t gold, 222 g/t silver and >1.0% antimony to 90.4 g/t gold, 1390 g/t silver and >1.0% antimony.
Reconnaissance soil samples collected up to 420m southeast and uphill of the No. 2 Vein returned up to 0.143 g/t gold with coincident anomalous silver and antimony values. No descriptions of mineral occurrences in this area were recorded in past literature. These results suggest either continuation of the vein or the presence of separate, similarly mineralized vein occurrences.
Chip sampling of non-vein bulk-tonnage targets returned sub-economic gold values, ranging from background to 0.162 g/t gold across 0.65m. A total of nine grab and composite grab rock samples of quartz vein talus float 500m northeast of the No. 1 Vein returned values from 0.131 g/t gold, 0.3 g/t silver and 0.13% antimony to 1.76 g/t gold, 9.0 g/t silver and >1.0% antimony.
Further analyses of samples exceeding 1.0% antimony is ongoing; results are pending. Antimony is a silvery white, brittle metal that is used as a hardener in lead for storage batteries. Antimony trioxide is used in flame-retardant formulations. The price of antimony metal has recently been greater than US$2,500/tonne due to increased demand and fluctuations in supply from China.
This News Release was reviewed and approved by Carl Schulze, PGeo, Qualified Person for the project, in accordance with regulations under National Instrument 43-101. All assays and analyses have been performed by ALS Chemex of North Vancouver, B.C
Firestone Ventures Inc. is a public company listed on the TSX Venture Exchange and engaged in exploring a diverse and high-quality portfolio of gold, silver, copper, molybdenum and gemstone properties in Western Canada. For further information on the Morris property please refer to Firestone's website at www.firestoneventures.com or contact Lori Walton, VP Exploration at 1-888-221-5588.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release |
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| | You can view the Next News Releases item: Wed Sep 15, 2004, Firestone Ventures Announces Drill Results from Louise Lake Copper-Gold Project, B.C.
You can view the Previous News Releases item: Fri Aug 6, 2004, Firestone Ventures Commences Emerald Exploration Program
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