Results demonstrate continuity of both higher grade and wide lower grade zones of gold mineralization.
Vancouver, BC (PRWEB) October 13, 2005 -- First Narrows Resources Corp. (TSX-V: UNO) (”First Narrows” or the “Company”) is pleased to report assays from two additional drill holes recently completed on the Middle River gold project, Bathurst, New Brunswick.
Drill holes MR-05-007 and -008 were drilled to test the near surface southwest extension of the potential open pit resource of the MRG structure on section 1150NE. Hole MR-05-007 intersected an 8.4 meter (27.6 feet) wide of gold mineralization averaging 3.35 gpt gold (0.10 opt gold). Hole MR-05-008 intersected 18.2 meters (59.7 feet) of low grade gold mineralization including 3.90 meters (12.8 feet) that averaged 9.56 gpt (0.28opt).
Today’s results, along with the Company’s previously reported and historical drill results from the MRG Zone, continue to increase the potential for developing an economic gold resource on the Middle River property (click on assay table at right, then click on it again to magnify). The higher grade and wide lower grade zones of gold mineralization demonstrate good continuity, and remain open to further expansion down dip, down plunge, and on strike.
The recently completed drill program on the Middle River gold project consisted of 15 holes. Results from five holes have been reported.
First Narrows either owns, or has the right to own, a 100% interest in the 763 claims that comprise the Middle River property. Mr. Arthur Hamilton, P.Geo., is the Company’s Qualified Person on the Middle River Project. Mr. Hamilton was formerly Chief Mine Geologist for Noranda’s Heath Steele Division.
About First Narrows Resources Corp.:
First Narrows Resources Corp. (TSX-V: UNO) is a Canadian mineral exploration company whose corporate strategy is to build shareholder value by finding and developing overlooked and undervalued mineral properties. Having assembled a balanced mix of gold, base metal and strategic metal properties, the Company’s core focus is the advancement of the Chester Project and the exploration of newly recognized gold and VMS targets on the Middle River Property. The Company’s exploration efforts are focused in the Bathurst Mining Camp, renowned for hosting several world-class VMS deposits. For more information visit: www.uno.ca
For Corporate, Media, or Investor Communications contact:
Greg Lytle, Communications Manager
First Narrows Resources Corp.
Toll-free: (866) 285-5817
Vancouver: (604) 839-6946
ON BEHALF OF THE BOARD OF DIRECTORS
“Peter K. Gummer”
Peter K. Gummer, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents herein. This news release may contain certain forward-looking statements that involve a number of known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in our forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made.
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