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Eyeconomy ......should go up in kilter with just one investment
THE BIG FELLA - Fri, 15 Dec 06 :
For a first effort this is bloody good. Amazed the price has moved forward this morning. A few more of these and they have a mine:
Eyeconomy Holdings plc - 28m of 1.18% copper at Gazooma near surface
COPPER MINERALIZATION INTERSECTED IN FIRST DRILL HOLE AT GAZOOMA AREA
MARSHALL LAKE PROPERTY
Thunder Bay, Ontario
Assays of 1.18% copper, 0.68 oz per ton silver and 0.18 grams per tonne gold
over 28m
Eyeconomy Holdings PLC (UK-PLUS: EYE) and East West Resource Corporation
(TSX:V: EWR) are pleased to announce drill hole, GAZ-06-01, has intersected
copper, silver and gold mineralization at the Gazooma trench, Marshall Lake,
Ontario, Canada.
"Our first drill hole has achieved excellent copper grades over 28m at Gazooma
with attractive silver and gold credits adding to the value. The JV partners
now intend to move forward aggressively with their scout drill program and
expect to have more results in January 2007." Comments Paul Mc Groary.
A 13m wide exposure in the trench is part of the section tested with
mineralization more wide spread than previously thought. The drill hole,
collared 25 metres south of the copper bearing massive sulphide showing,
intersected copper mineralization from the start of the hole beneath 3 metres
of overburden.
The ongoing Induced Polarization (IP) survey has detected a number of other
similar anomalies to the one that occurs at Gazooma which will be drill tested
as the property progresses.
This property forms part of the 50-50 joint venture with Eyeconomy Holdings
PLC. Eyeconomy Holdings is required to match the East West expenditure to earn
its 50% interest.
The project set out above is being supervised by R. Middleton, P.Eng, who is
the qualified person and responsible for quality control of the assaying and
reporting.
Contact:
Paul Mc Groary
Chairman
Eyeconomy Holdings plc Tel: 07930 568160
The directors of Eyeconomy Holdings PLC accept responsibility for the contents
of this announcement.
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