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Gold/Mining/Energy : East West Res. -- Ignore unavailable to you. Want to Upgrade?

To: Buckey who wrote (248)	1/13/1999 5:09:00 PM
From: dave brown	Read Replies (1) \| Respond to of 253

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. canada-stockwatch.com