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Based in Edmonton, Alberta, Firestone Ventures Inc. is exploring and advancing its road-accessible Torlon Hill zinc-lead-silver project in Guatemala, Central America. Since early 2006, 8,400 metres of drilling in 101 holes has identified mineral resources totalling 330 million pounds of zinc, 114 million pounds of lead and 978,000 ounces of silver. The Torlon Hill deposit is on or near-surface and is open for expansion. In addition to Torlon Hill, Firestone has significant land positions throughout a historical carbonate zinc-lead-silver district extending across 250 km in Guatemala. Very little modern exploration has taken place in the carbonate belt despite the historic mining of numerous oxide and sulphide zinc occurrences on surface. In late 2008 and during 2009, Firestone completed additional land acquisitions, data compilation and re-interpretation of historic data, mapping, prospecting, and soil sampling. Fieldcrews are currently conducting regional exploration and zinc occurrence evaluation in preparation for drilling in early 2010. The company plans to expand on the resource defined at Torlon Hill in addition to drilling additional zinc targets in the regional carbonate belt. About Zinc: Zinc is the fourth most common metal in use after iron, aluminum and copper. It is found in many foods, such as broccoli, and is used as an additive for plant fertilizer and animal feed. Zinc is essential in the human body for the immune system, fertility, healthy skin and is vital for healthy growth in children. Zinc is used in everyday household objects such as pails, shovels, door handles, and batteries. Zinc's most important industrial use is to protect steel from corrosion (galvanizing) to make it last longer. The average automobile contains over 40 pounds of zinc. Zinc prices have improved considerably since the economic collapse a year ago. It is anticipated that the zinc markets will further improve as global infrastructure spending and increased manufacturing signal recovering economic conditions. |
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