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Firestone Ventures Identifies Zinc-Lead-Silver Soil Anomalies
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April 13, 2010 - Firestone Ventures Inc. (FV:TSX-V;F5V:FSE)
("Firestone" or the "Company") is pleased to announce that several
areas of anomalous zinc, lead and silver values have been identified
from the first phase of soil sampling on the Quetzal zinc-lead-silver
property. Two of the areas broadly coincide with historic workings on
the property, but a number of anomalies were noted in new areas.
A total of 774 soil samples were collected on a 50 metre by 50 metre
grid covering an area 1.5 by 2 kilometres. The property is underlain
by Permian dolostone and limestone. Background concentrations for
zinc, lead and silver in soils in the area surveyed are 202 ppm zinc,
91 ppm lead and 0.1 ppm silver. The most significant anomalies are
listed below:
Glory Anomaly
Soil geochemical results show a broad area 600 metres by 400 metres of
very strongly anomalous zinc and lead. Fifty-two of the soil samples
returned zinc values greater than 500 ppm. Several of the highest
grade soil samples in the Glory anomaly area were collected near old
mine workings or dumps and returned ore-grade values of up to 8.07%
zinc and up to 2.5% lead. Silver values were up to 37.7 g/t.
Quantum Anomaly
The Quantum soil anomaly covers an area 300 by 150 metres and is 200
metres north of the Glory Anomaly. Eight soil samples contained over
500 ppm zinc and seven samples contained over 500 ppm lead. There are
historic workings and dumps in the area, accounting for the ore-grade
values in several of the soil samples (up to 15.5% zinc and 1.9% lead).
Silver values were up to 18 g/t.
Red Anomaly
The Red Anomaly covers 400 metres by 150 metres and is 100 metres
southwest of the Glory Anomaly. Seven soil samples returned zinc
values over 600 ppm, with the highest at 37,457 ppm zinc (3.74%). A
total of 11 samples contained lead values over 600 ppm lead with the
highest sample returning 15,460 ppm (1.55% lead). Silver values are up
to 9.8 g/t. There are no known workings in the Red anomaly area.
Blue Anomaly
The Blue anomaly covers 350 metres by 150 metres located 300 metres
west of the Glory anomaly. Eight soil samples returned over 500 ppm
zinc, with the highest value 1470 ppm zinc. Three samples returned
lead values of over 500 ppm with the highest 1429 ppm lead. Silver is
up to 0.5 g/t.
Results from the second phase of soil sampling on the property are
pending. Previously, the Company reported on high grade
zinc-lead-silver rock chip samples collected from surface and from
various historic workings on the property (February 1, 2010). The
results are being compiled into the Company's database and an ongoing
2,000 metre drill program is expected to be complete by June, 2010.
Soil samples were sent to the BSI Inspectorate facility in Guatemala
City for preparation and then sent by courier to the International
Plasma Labs Ltd. facility in Vancouver, British Columbia, Canada for
analysis using 30 element ICP and 30g FA/AAS. The road-accessible
Quetzal property is 100% owned by Firestone subject to a 2% NSR. It is
located 100 kilometres northeast of Guatemala City, Guatemala.
This news release has been reviewed and approved by John Cleary, (CPG),
Firestone's Vice President of Exploration and Qualified Person in
accordance with National Instrument 43-101 and by Al Workman, P.Geo.,
Vice President of Watts, Griffis and McOuat Limited and Independent
Qualified Person.
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
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) 2010 FIRESTONE VENTURES INC. (FV) All rights reserved.
For more information visit our website at
http://www.firestoneventures.com/ or send
mailto:info@firestoneventures.com
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Firestone Ventures
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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 6,1 millions CA$ (4,9 millions US$, 4,1 millions €). La valeur de son action a atteint son plus haut niveau récent le 28 février 1997 à 9,90 CA$, et son plus bas niveau récent le 01 janvier 2016 à 0,01 CA$. Firestone Ventures possède 36 823 991 actions en circulation. |