East West Resource Corporation (TSX VENTURE:EWR), ("East West") (the "Company")
provides results on an eight-hole 1,280 metre diamond drilling program completed
on its GP2 Property (the "Property") located in the McFaulds Lake "Ring of Fire"
area of northwestern Ontario and located approximately 50 kilometres southwest
of the Noront Resources Ltd. ("Noront") Double Eagle copper-nickel-platinum
group element ("Cu-Ni-PGE") discoveries and the Spider-KWG Resources copper-zinc
("Cu-Zn") volcanogenic massive sulphide ("VMS") discoveries. The GP2 Property is
held under Joint Venture between the Company and Temex Resources Corp. ("Temex")
and on which Mill City Gold Corp ("Mill City") has the option to earn a 50%
interest. The program is funded 100% by Mill City with Temex acting as operator.


Results have been received for all eight holes completed in September 2008 on
the GP2 Property. Initial drilling tested the higher ranked targets outlined by
VTEM airborne geophysical survey clustered within a 7 by 2 kilometre section of
the Property. This area has high magnetic background thought to represent a belt
of unmapped mafic to ultramafic intrusive and volcanic rocks with no record of
previous exploration or drilling of any kind.


Hole GP2-08-01 tested a single location on a 400 metre long VTEM conductor with
a strong magnetic correlation. The hole intersected strongly anomalous copper
mineralization with elevated nickel mineralization over an 80 metre core length
averaging 0.15% copper including several narrower intercepts of 1.11% copper
over 1.29 metres and 1.25% copper over 0.41 metres. The copper sulphide
mineralization is hosted by frequently brecciated gabbroic to ultramafic rocks
and is associated with strongly elevated nickel values. Holes GP2-08-04 and
GP2-08-06 tested 400 metre and 1100 metre long airborne anomalies and
intersected volcanogenic massive sulphide assemblages with elevated amounts of
lead-zinc +/- copper including 1.27% zinc and 0.86% lead over 3.69 metres (Hole
GP2-08-06). Further work has been recommended to fully evaluate these targets,
including ground geophysics and additional diamond drilling of the geophysical
targets along their strike length, in additional to testing all identified
targets.


Moe Lavigne comments, "We are very pleased to have discovered these metal
bearing systems and we are looking forward to fully evaluating them"


This news release has been reviewed and approved by Mr. Robert Middleton,
P.Eng., Geophysicist, and is the Qualified Person for this project in accordance
with regulations under the NI 43-101.


Certain information regarding East West Resource Corporation contained herein
may constitute forward looking statements within the meaning of applicable
securities laws. Forward-looking statements may include estimates, plans,
expectations, opinions, forecasts, projections, guidance or other statements
that are not statements of fact. Although East West Resource Corporation
believes that the expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations will prove to have
been correct. East West Resource Corporation cautions that actual performance
will be affected by a number of factors, most of which are beyond its control,
and that future events and results may vary substantially from what East West
Resource Corporation currently foresees. Factors that could cause actual results
to differ materially from those in forward-looking statements include market
prices, exploitation and exploration results, continued availability of capital
and financing and general economic, market or business conditions. The
forward-looking statements are expressly qualified in their entirety by this
cautionary statement. The information contained herein is stated as of the
current date and subject to change after that date.


ON BEHALF OF THE BOARD OF DIRECTORS

M.J. (Moe) Lavigne, President and CEO
Vortex Metals (TSXV:VMS)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Vortex Metals Charts.
Vortex Metals (TSXV:VMS)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Vortex Metals Charts.