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| | Wed Oct 25, 2006
Drilling Complete at Firestone Ventures Sonora Gold-Copper Property, Yukon, New Claims Staked
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| | October 25, 2006 -- Firestone Ventures Inc. (FV:TSX-V, F5V:FSE) is pleased to announce that the 2006 diamond drilling program consisting of 1821 metres in 12 drill holes has been completed at the Company's Sonora gold-copper-silver property. In addition, Firestone Ventures staked an additional ten mineral claims, bringing the Sonora land package up to 2,250 hectares (5,558 acres). The Sonora property, situated 110 km northwest of Carmacks, Yukon Territory, Canada, is located within 40 kilometres of Sherwood Copper's Minto copper-gold project, currently in development.
"The objective of the project was to test several new compelling geochemical and geophysical targets", explained Lori Walton, President of Firestone Ventures.
All holes targeting the Amadeus Zone intersected strongly altered pyritic intrusive rocks, hosting mineralization consistent with strong surface geochemical anomalies from the Phase One program (see News Release dated Sept 5, 2006). The core also contains additional sulphide minerals requiring thin section analysis for identification. Shear-hosted mineralized quartz veins were intersected in the Wolfgang Anomaly area, and in host rocks of the Amadeus Zone. A map showing the location of drilled zones is available on the Firestone Ventures website at www.firestoneventures.com.
An intense quartz stockwork zone, also commonly mineralized, was intersected in the Figaro Zone. Mineralized quartz veins were intersected at depth at the Giovanni Anomaly, and strongly altered fault-related zones were intersected in both holes targeting the Jupiter anomaly.
Twelve drill holes totalling 1,821.1 metres were completed. A total of 970 drill core samples were taken, including "standards", "blanks" and duplicate samples for quality control purposes. Due to the pervasive mineralization, the vast majority of the meterage drilled was sampled. Samples are being analyzed by ALS Chemex of North Vancouver, British Columbia, Canada.
The following table lists specifications of the Phase Two, 2006 drilling program:
Hole Zone Azimuth Dip Depth
(degrees) (degrees) (metres)
SG-06-01 Figaro 200� -50 22.2
SG-06-01A Figaro 200� -60 251.5
SG-06-02 Amadeus 180� -50 47.2
SG-06-02A Amadeus 180� -60 213.4
SG-06-03 Wolfgang 360� -60 189.0
SG-06-04 Amadeus 020� -60 218.8
SG-06-05 Amadeus 200� -60 176.8
SG-06-06 Amadeus 180� -55 219.4
SG-06-07 Amadeus 360� -55 227.1
SG-06-08 Giovanni Vertical -90 158.5
SG-06-09 Jupiter 020� -55 44.2
SG-06-10 Jupiter 020� -62 53.0
Total: 1821.1m
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. Firestone Ventures is earning an 80% interest in the Sonora property. A fact sheet on the Sonora property, a regional location map, and drill hole location map are available at www.firestoneventures.com.
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
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release
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