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I would like to start a new topic for East West Resources and the Thunder Bay play going on. There is significant discussion going on at the stockhouse forum inder the EWR and CGG symbols. Take a look there to get some background information. The whole PGE area is beginning to heat up and EWR/CGG has accumulated a very large land mass in excess of 200,000 acres. I will post some of the latest News Releases shortly. Please feel free to post your comments and thoughts here. Here is the latest NR. Maple Minerals Inc. ("Maple Minerals") has been advised that New Millennium Metals Corporation ("New Millennium"), a company which has an option to earn a 60% interest in Maple''s Lac Des Iles River Property ("the Property"), has discovered several large and strongly sulphide mineralized hornblende and pyroxene gabbro boulders on the Property. In respect to the discovery, the following is an excerpt from a press release issued this day by New Millennium: "New Millennium Metals Corporation provides the following update on the company''s Platinum Group Element (PGE) exploration activities in Ontario and Manitoba. Detailed prospecting and mapping on the Lac Des Iles River Property in Ontario has led to the discovery of several large and strongly sulphide mineralized hornblende and pyroxene gabbro boulders which have returned grab sample values of up to 2.8 g/T Pt+Pd+Au. These boulders are located in the same area as the previously reported Stocker Zone mineralization and lay along the northern margin of the multiphase Towle/Shelby Lake Intrusion. Detailed mapping in the area indicates that similar lithologies are located up-ice of the boulder field and these will be the target of a planned Induced Polarity (IP)/Magnetic survey to begin in October. Airborne magnetic data recently released by the Ontario Government as part of the Operation Treasure Hunt, combined with New Millennium''s work in the area indicates that the Towle Lake Intrusion strikes through the Lac Des Iles River Property and New Millennium''s adjacent Shelby Lake Property. This data also indicates that the Towle Lake Intrusion and Shelby Lake Intrusion to the north are in fact the southern extensions of the main Lac Des Iles Complex, which hosts North American Palladium''s Lac Des Iles Pd-Pt deposit (72.4 Mt @ 1.87 g/T Pt+Pd) approximately 15 km to the northeast. A number of weakly Pd-Pt mineralized breccia zones have also been discovered along the northern margin of the Towle Lake Intrusion over a distance of more than 2 kms. These hornblende gabbro/proxenite breccias are similar to others in the Lac Des Iles camp and New Millennium''s recently discovered Powder Hill breccia zone (grabs samples to 1.81 g/T Pt+Pd+Au). Powder Hill is also located on the Lac Des Iles River Property and is situate along the southern margin of the Towle Lake Intrusion, some 6+ kilometers southwest of the new discoveries. IP and Magnetic surveys are also planned for the Powder Hill area in October." The Lac Des Iles River Property is currently held 50% by Maple Minerals and 50% by East West Resource Corporation. New Millennium can acquire a 50% interest in the 180 claim unit property by spending $1,000,000 on exploration and making cash payments totaling $38,500 over three years. A minimum expenditure of $20,000 is required to be spent on the property prior to Oct 31, 2000, and a total of $100,000 by the first anniversary date. New Millennium has a second option to earn an additional 10% interest in the property by completing a feasibility study. Maple Minerals is a Toronto based resource company. The Company''s shares are quoted on the Canadian Dealing Network (CDN) under the symbol "MAPM". Maple has 11,503,050 common shares issued and outstanding. TEL: (416) 941-9600 L.M. (Gino) Falzone, President | ||||||||||||||
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