REAL GOOD PROPERTY NEWS
East West extends IP trend on Sewell Township
East West Resource Corp EWR
Shares issued 23,549,921 1999-01-06 close $0.16
Tuesday Jan 12 1999
Mr. A.K. Crossley reports
Ground geophysical surveys, including magnetics and induced
polarization, have extended the IP trend associated with a
nickel-platinum-palladium-copper showing in Sewell Township
for an additional 1,000 metres, giving the zone a total
strike length of 1,400 metres. Previous work involved
sampling of a new showing that was discovered in the fall of
1994 and yielded grab samples ranging from 0.5 per cent to
2.0 per cent Ni and 1.0 g/t and 1.0 g/t with 0.2 per cent to
0.5 per cent Cu. The nickel-platinum-palladium values are
associated with fine-grained pentlandite in a pyroxene
(ultramafic) hostrock. A limited extent IP survey was
completed in late 1997 and early 1998 which traced a strong
IP chargeability anomaly for 400 metres - roughly 200 metres
north and south of the showing. The north end appears to thin
out as it approaches a granite contact, however, the southern
extent was still open. Therefore this new IP magnetic survey
extended the disseminated sulphide zone 1,000 metres to the
south corresponding to a thickening of the ultramafic body.
Drilling was carried out in three holes in February 1998,
drilled in section approximately 50 metres south of the
showing. A one metre wide stringer to massive pyrrhotite -
pentlandite - chalcopyrite zone was intersected 110 metres
below the surface showing in hole S98-3, which yielded 1.3
per cent Ni, 1.79 g/t Pd, and 0.96 g/t. This sulphide zone
occurs at a distinctive contact between a gabbroic-pegmatitic
phase and a fine-grained pyroxenite-homblendite phase of the
ultramafic. This horizon represents the base of a cumulate
phase that could host more extensive concentrations of
sulphides. The other two intersections S98-4 and S98-5, above
and below contained disseminated sulphides at this contact.
Holes S98-1 and S98-2 were drilled five kilometres to the
west on a different target for gold. A mise-a-la-masse survey
of the first 200 metres to the south was done with the
current electrode in hole 3 and shows the presence of
conducting massive sulphides to depth.
The north-south trend of this sulphide zone falls between
north-south slight lines of airborne surveys flown previously
for the government and therefore had not been detected. The
magnetic pattern suggests the ultramafics are continuous and
widening to the south from the showing area. Backhoe
trenching and diamond drilling are planned to test a number
of locations along the chargeability zone.
In addition to the above, two other east-west trending IP
anomalies associated with the eastward extension of a
gold-bearing carbonate-sericite shear zone have been located
on the Reeves Township part of this 220 claim unit property.
These shears are interpreted to be members of the Pipestone
Fault system extending southwest from Timmins, 60 kilometres
to the northeast. East West may earn up to a 50 per cent
interest in the property from Cross Lake Minerals by spending
$1,000,000 on or before Jan. 31, 2003.
(c) Copyright 1999 Canjex Publishing Ltd.
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