FEEDER DIKE DISCOVERED AT THE EVA KITTO
posted on Jan 26, 2009 07:44AM
Big Bend Metals Project, Revelstoke BC - Eva Kitto property, Beardmore, Ontario
Int'l Bethlehem, East West drill dike at Eva Kitto
2009-01-26 10:03 ET - News Release
Also News Release (C-EWR) East West Resource Corp
Mr. Ronald Coombes of International Bethlehem reports
FEEDER DIKE DISCOVERED AT THE EVA KITTO PGE PROPERTY NEAR THUNDER BAY, ONTARIO
International Bethlehem Mining Corp. recently acquired (see news in Stockwatch on Nov. 27, 2008) an option to earn an initial 30-per-cent interest from East West Resources Corp. in East West's Eva Kitto platinum group element (PGE) property. Under the option agreement, International Bethlehem is required to spend $500,000 in exploration expenditures on the property by November, 2009, in order to acquire its initial 30-per-cent interest ($150,000 of which has been spent so far) and the right to earn up to a 51-per-cent, 60-per-cent and 75-per-cent interest, respectively, by incurring additional exploration expenditures. The Eva Kitto property is located near the town of Beardmore, Ont. (next to Highway 11, the Trans-Canada gas pipeline and a rail line), and approximately 180 kilometres north-northeast of Thunder Bay, Ont.
In December, 2008, one drill hole was completed to a depth of 245.36 metres. The drill hole intersected 173 metres of ultramafic rock before entering into basement rock consisting of sulphide-rich volcanics. The drill hole was continued for 30 metres into the basement rock and entered a second vertical ultramafic intercept. This second ultramafic intercept is currently being identified as a dike. Dikes are important geological features for locating sulphide bodies containing copper, nickel and PGE. Further extension of this drill hole is being planned for in February, 2009, in conjunction with additional new drilling of several high-priority drill targets on the property.
As well, a detailed airborne EM and magnetic survey was completed over the 210-claim-unit Eva Kitto property. The survey outlined a number of conductor trends in the basement rocks that likely represent key sulphur sources for the generation of nickel-copper-PGE deposits within Proterozoic ultramafic rocks that form the Eva Kitto cone-ring intrusion. This intrusion is 10 km in diameter and is similar in size and setting to the Talnak intrusion in Siberia that hosts some of the world-class copper-nickel-PGE deposits. The mid-continental rift system located in Lake Superior, to the south of the Eva Kitto property, has a number of branch faults that are "failed arms" of the main Rift fault and several intrusions in the Lake Nipigon region are related to such structures, including the Seagull PGE-bearing intrusion and new PGE discoveries by Magma Metals in that area.
The drill program on the Eva Kitto property is being supervised by Robert Middleton, PEng, geophysicist, and is the qualified person for this project in accordance with regulations under NI 43-101.