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share-price 5.5p, eps 3p at the interims
SAGEM - Sun, 31 Dec 06 :
EYECONOMY HUGE POTENTIAL SHARES PRICE VERY UNDERVALUED
East West Resource Corporation and Eyeconomy Holdings PLC acquired the right to earn a 100% interest in the Marshall Lake base metal property, west of Nakina (News Release, East West Resource Corporation, June 27, 2006). The property, covering an 8 km long section of favourable felsic metavolcanic rocks containing numerous volcanogenic massive sulphide copper-zinc-silver showings, was optioned from a local prospector. Exploration in the 1950’s on the property resulted in a number of discoveries, but access to this area was difficult at that time and the geology was misunderstood. In the past six years remapping by the Ontario Geological Survey has started to unravel the structure and previously unrecognized fold structures which show the controlling stratigraphy for the base metals is very different than previously thought. This leaves a number of unexplored sections on the property in addition to zones that were drilled with incorrect orientation. A geological resource of 2.211 million tons grading 1.22% Cu, 4.2% Zn, 2.45 oz. Ag per ton, 0.012 oz. Au per ton was outlined by N.W.T. Copper Mines Limited (Canadian and American Mines Handbook 2005-2006, p.289), who hold the contiguous claim block. This property will form a 50-50 joint venture with Eyeconomy Holdings PLC which is participating with East West on the acquisition and development of gold and base metals properties in Canada.
since the Marshall Lake property is a 50/50 joint venture [ewr/eyeconomy],
if East West stock "flies" then so will Eyeconomy's
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