April 15/2008
-
Firestone Ventures Inc. (FV:TSX-V;F5V:FSE) is pleased to announce results
from the next nine drill holes at the Company’s Torlon Hill
high-grade zinc-lead project, situated in western Guatemala. A
total of 1,699.3 metres (23 vertical drill holes) of the planned 3,700
metre winter 2008 drill campaign has been completed to date. The
drill program will be on-going until June, 2008. A total of 4,935
metres was drilled previously in 2006 and 2007.
Highlights from the
new drill results include:
- Hole
TH08-74 39.63 m of 5.14% zinc,
1.81% lead and 17.81 g/t silver
- Hole
TH08-75 15.00 m of 4.44%
zinc, 1.29% lead and 9.67 g/t silver
- Hole
TH08-76 3.05 m of 11.67%
zinc, 1.96% lead and 16.12 g/t silver
- Hole
TH08-78 12.01 m of 6.58%
zinc, 3.46% lead and 20.48 g/t silver.
- Hole
TH08-80 19.81 m of 10.01%
zinc, 4.66% lead and 13.83 g/t silver.
“We are very encouraged by these latest drill results,”
says Lori Walton, President of Firestone Ventures Inc. “In
particular, we are pleased by the intervals of buried zinc-lead
mineralization that have no surface expression.”
A map showing the drill hole locations is available at www.firestoneventures.com,
along with drill hole specifications. A table showing significant
drill intersections is provided at the end of this news release.
Holes TH08-72 through TH08-77 were drilled northwest of previous
drilling, where there is no surface expression of zinc
mineralization. Holes TH08-78 to 80 were infill and expansion holes
drilled along the eastern boundary of the main ‘Bulge” area
of surface zinc mineralization. Drill Hole TH08-79 intersected
unmineralized serpentinite. Results are pending from drill
holes TH08-81 to 85, also along the eastern boundary of the
“Bulge”.
The drill has now moved to test the area around drill hole TH07-53,
which intersected 42.5 metres grading 9.7% zinc, 4.7% lead and 20 g/t
silver at 55.5 m depth. The drill will then move south to test
zinc-lead soil anomalies south of the previously drilled area.
Mineralization at the intensely oxidized Torlon Hill deposit consists
largely of smithsonite (a zinc carbonate mineral) cross-cut by galena
(lead sulphide) veinlets. The deposit is contained within a
shallowly southeast-dipping body measuring approximately 400 metres long,
20 to 100 metres wide and up to 30 metres thick. Previous high-grade
drill intersections include 25 metres of 26.77% zinc, 1.42% lead, 5.98%
silver and 53.3 metres of 9.66% zinc, 1.86% lead and 12.21 g/t silver
(see news release dated Oct. 4, 2007). Most mineralization defined
by drilling to date occurs on or near surface. The deposit is still
open to expansion, mainly to the west and south.
This news release has been reviewed and approved by J. Cleary, CPG,
Qualified Person. The road-accessible Torlon Hill project is
located 18 kilometres northwest of the city of Huehuetenango, which is
situated on the Pan-American Highway in western Guatemala. Sample
preparation, quality control and analytical techniques have been
described previously (see March 19, 2008 news release). All samples
were analyzed by ALS Chemex in Vancouver, B.C.
Highlights from the current set of drill results include:
Hole Number
|
Total Depth (meters)
|
From (meters)
|
To
(meters)
|
Width (meters)
|
Zn
(%)
|
Pb
(%)
|
Ag
(g/t)
|
TH08-73
|
107.31
|
89.93
|
94.70
|
4.77
|
5.35
|
2.30
|
16.14
|
TH08-74
|
129.26
|
47.25
|
49.50
|
2.25
|
8.51
|
3.03
|
20.47
|
|
and
|
68.44
|
108.07
|
39.63
|
5.14
|
1.81
|
17.81
|
|
including
|
69.96
|
79.26
|
9.30
|
6.41
|
2.76
|
37.11
|
|
including
|
88.94
|
92.07
|
3.13
|
9.92
|
3.24
|
20.07
|
|
including
|
100.30
|
103.50
|
3.20
|
12.53
|
2.04
|
23.50
|
|
and
|
125.10
|
126.21
|
1.11
|
11.35
|
4.70
|
32.00
|
TH08-75
|
141.76
|
56.00
|
71.00
|
15.00
|
4.44
|
1.29
|
9.67
|
|
including
|
56.00
|
60.97
|
4.97
|
6.69
|
0.87
|
11.77
|
TH08-76
|
158.23
|
58.00
|
65.57
|
7.54
|
5.90
|
8.22
|
38.34
|
|
including
|
60.89
|
64.02
|
3.05
|
11.67
|
1.96
|
16.12
|
|
and
|
98.17
|
101.98
|
3.81
|
4.32
|
1.36
|
4.99
|
|
and
|
112.10
|
117.37
|
5.27
|
4.47
|
2.42
|
7.44
|
|
and
|
134.60
|
137.50
|
2.90
|
10.05
|
5.49
|
23.00
|
|
and
|
140.70
|
142.98
|
2.28
|
4.56
|
1.76
|
8.00
|
|
and
|
149.00
|
150.91
|
1.91
|
4.92
|
1.83
|
15.00
|
TH08-77
|
127.74
|
21.00
|
23.00
|
2.00
|
4.66
|
0.34
|
4.00
|
TH08-78
|
37.91
|
20.00
|
32.01
|
12.01
|
6.58
|
3.46
|
20.48
|
TH08-80
|
19.81
|
0.00
|
19.81
|
19.81
|
10.01
|
4.66
|
13.83
|
|
including
|
13.26
|
15.16
|
1.90
|
23.80
|
9.11
|
22.00
|
Significant intervals that fall below the 3% cut-off include:
TH08-72
|
100.00
|
46.78
|
97.56
|
50.78
|
1.06
|
2.43
|
14.26
|
|
including
|
82.16
|
83.68
|
1.52
|
3.19
|
2.25
|
11.00
|
TH08-75
|
141.76
|
94.35
|
106.70
|
12.35
|
2.22
|
0.87
|
4.79
|
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
Investors can also visit www.agoracom.com/IR/Firestone
or email questions to FV@agoracom.com.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release
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