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Firestone Ventures Files NI 43-101 Technical Report on Torlon
Hill Zinc-Lead Project
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Jan. 13, 2009 - Firestone Ventures Inc. (FV:TSX-V; F5V:FSE) is pleased
to announce the filing on SEDAR of the NI 43-101 compliant Technical
Report entitled "Report on Geology, Exploration and Mineral Resources
of the Torlon Hill "Oxide" Zinc-Lead-Silver Project, Chiantla District,
Huehuetenango, Guatemala". The report dated December 29, 2008 is
authored by Al Workman, P.Geo., and Kurt Breede, P.Eng. of Watts,
Griffis and McOuat Limited ("WGM") and documents the work conducted by
Firestone Ventures over the past three years. The report is available
at www.sedar.com or on the Company's website at
www.firestoneventures.com.
"We are extremely pleased with the initial resource estimate of the
Torlon Hill zinc-lead deposit. The filing of the Technical Report,
along with the 8,400 metres of drilling to date, initial metallurgical
testing and additional land acquisitions are all key milestones for the
company." says Lori Walton, President of Firestone Ventures Inc. "With
the current market conditions we are concentrating initially this year
on low cost, value-added surface exploration, environmental studies and
further metallurgical work recommended in the report before proceeding
with a drill program."
The Technical Report recommends an additional 50 to 70 holes of in-fill
and expansion diamond drilling totalling 6,500 metres, geologic mapping
and sampling, geochemical surveys, metallurgical testing and
environmental studies. The report also describes the methods used to
generate the resource estimates. The combined measured and indicated
zinc-lead-silver oxide mineral resource totals 1,891,636 tonnes grading
7.32% zinc, 2.41% lead and 14.3 g/t silver (at a 3% zinc-equivalent
cutoff). An additional 170,000 tonnes is classified as inferred
resources grading 4.42% zinc, 1.96% lead and 12.5 g/t silver. WGM is of
the view that, with additional drilling, this could be up-graded to
indicated resources.
The Torlon deposit also contains a basal zone of unoxidized sulphide
mineralization which is not yet well defined by the drilling to date.
This includes a combined measured and indicated sulphide resource
totalling 76,000 tonnes averaging 3.23% zinc, 2.6% lead and 12.5 g/t
silver and a further 36,000 tonnes classified as inferred resources
averaging 2.79% zinc, 2.03% lead and 10.5 g/t silver (see news release
Nov. 18, 2008).
The 100% owned Torlon Hill deposit is road-accessible and open to
expansion.
This news release has been reviewed and approved by John Cleary, CPG
and by Al Workman, P.Geo., Vice President of Watts, Griffis and McOuat
Limited.
Lori Walton, P. Geol., President
info@firestoneventures.com
Toll Free: 1-888-221-5588
www.firestoneventures.com
Fax: (780) 428-3476
Trading Symbol: FV:TSX-V;F5V: FSE
For Investor Relations please call: Contact Financial Inc. at (604)
689-7422
This news release may contain forward looking statements, being
statements which are not historical facts, including, without
limitation, statements regarding potential mineralization, exploration
results, resource or reserve estimates, anticipated production or
results, sales, revenues, costs, "best-efforts" financings or
discussions of future plans and objectives. There can be no assurance
that such statements will prove accurate. Such statements are
necessarily based upon a number of estimates and assumptions that are
subject to numerous risks and uncertainties that could cause actual
results and future events to differ materially from those anticipated
or projected. Important factors that could cause actual results to
differ materially from the Company's expectations are in Company
documents filed from time to time with the TSX Venture Exchange and
provincial securities regulators, most of which are available at
www.sedar.com. The Company disclaims any intention or obligation to
revise or update such statements. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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Copyright (c) 2009 FIRESTONE VENTURES INC. (FV) All rights reserved.
For more information visit our website at
http://www.firestoneventures.com/ or send
mailto:returns@firestoneventures.com
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATEUR |
CODE : FV.V |
ISIN : CA3183182011 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Firestone Ventures est une société d’exploration minière d'argent et de plomb basée au Canada. Firestone Ventures détient divers projets d'exploration au Guatemala. Ses principaux projets en exploration sont ANTELOPE PROJECT en USA et QUETZAL et TORLON HILL au Guatemala. Firestone Ventures est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 7,8 millions (6,3 millions US$, 5,3 millions €). La valeur de son action a atteint son plus haut niveau récent le 28 février 1997 à 9,90 , et son plus bas niveau récent le 01 janvier 2016 à 0,01 . Firestone Ventures possède 47 442 200 actions en circulation. |