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Re: News Release - Thursday, July 16, 2009
Firestone Ventures Defines new Zinc-Lead-Silver Soil Anomaly at
Torlon Hill
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July 16, 2009 - Firestone Ventures Inc. (FV:TSX-V; F5V:FSE) is pleased
to announce results from the soil sampling campaign carried out in
April, 2009. A strong (150 m x 75 m) zinc-lead anomaly was identified
350 metres to the west of the previously drilled area.
"We are integrating the new results into our exploration database,
keeping in mind the mining history of the area," says Lori Walton,
President of Firestone Ventures. "Our on-going programs in
environmental baseline studies, metallurgical work, data compilation
and re-interpretation of existing datasets are continuing through the
summer."
The recent surface exploration work extends the existing soil grid at
Torlon Hill to the north and to the west. A total of 167 soil samples
were collected every 50 metres on east -- west lines, 50 meters apart.
A total of 87 soil samples were collected north of the previous grid.
The north grid extension covers previously drilled areas, surface
exposures of zinc mineralization and old mine waste. The purpose of
the sampling here was to compare with areas of buried zinc
mineralization. As expected, eight of the samples returned over 10,000
ppm zinc and eleven of the samples returned over 10,000 ppm lead.
Silver values in the north grid were generally low (below 1 ppm) except
for samples collected near the Torlon orebody, which returned up to 62
ppm silver.
An additional 80 soil samples were collected on a western extension of
the Torlon grid covering areas previously unsampled or prospected. A
total of 17 samples returned values above 500 ppm zinc up to a maximum
value of 1150 ppm (0.11%) zinc. Coincident with the anomalous zinc
values were anomalous lead values. A total of 27 soil samples returned
values above 1,000 ppm lead, including two samples that returned over
10,000 ppm (1.0%) lead up to a maximum of 22,000 ppm lead (2.2%).
Silver values were generally low (less than 1 ppm), but ranged up to 4
ppm. The magnitude of these values demonstrates that the anomalies
are unlikely to be caused by contamination and therefore may reflect
the surface expression of mineralized zones representing new targets
for drilling.
The news release has been reviewed and approved by John Cleary, (CPG),
Qualified Person for the Torlon Hill project and by Al Workman,
P.Geol., Vice President of Watts, Griffis and McOuat Limited and the
Independent Qualified Person for the project in accordance with
regulations under National Instrument 43-101. Soil samples were dried
at the BSI Inspectorate facility in Guatemala City then sent by courier
to the International Plasma Labs Ltd. facility in Vancouver, B.C. for
analysis. All soil samples were analyzed for 33 elements by ICP-AES.
The Company is continuing its collaborative work with local communities
on social-economic initiatives, upgrading existing access roads and
stream crossings and the coordination of local supplies and services.
The 100% owned Torlon Hill zinc-lead-silver deposit is road-accessible
and open to expansion.
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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Firestone Ventures
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EXPLORATION STAGE |
CODE : FV.V |
ISIN : CA3183182011 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Firestone Ventures is a silver and lead exploration company based in Canada. Firestone Ventures holds various exploration projects in Guatemala. Its main exploration properties are ANTELOPE PROJECT in USA and QUETZAL and TORLON HILL in Guatemala. Firestone Ventures is listed in Canada and in United States of America. Its market capitalisation is CA$ 6.1 millions as of today (US$ 4.9 millions, € 4.1 millions). Its stock quote reached its highest recent level on February 28, 1997 at CA$ 9.90, and its lowest recent point on January 01, 2016 at CA$ 0.01. Firestone Ventures has 36 823 991 shares outstanding. |