HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: EWR News - Dolittle

EWR News - Dolittle

posted on Apr 30, 2008 03:38PM

So Xstrata is in the neigborhood. Interesting JV. Any of these gus at McFaulds?

Snug

East West, Mega sign deal with Xstrata

Print Edition 03/01/08 Page B8

East West Resource Corp. and partner Mega Uranium Ltd. have signed an option deal giving Xstrata Copper a 51-per-cent interest in two northwestern Ontario properties if Xstrata spends $3-million on project development over four years. The Hamlin and Deaty Creek properties, totalling 157 claim units, cover a seven-kilometre-long area related to an iron oxide copper gold (IOCG) system. Switzerland-based Xstrata PLC, which acquired Canada's Falconbridge Ltd. about a year ago, can earn an additional 24-per-cent interest by spending $20-million on a feasibility study. EWR (TSX Venture) was unchanged at 11 cents. MGA (TSX) fell 8 cents to $3.32. XTA (London) fell 85 pence ($1.67) to & 34.65.

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