| ||Fri Dec 22, 2006|
Firestone Ventures to Expand Drill Program at Torlon Hill Zinc Project
| ||December 22, 2006 -- Firestone Ventures Inc. (FV:TSX-V, F5V:FSE) is pleased to announce the completion of the first 21 core drill holes of the winter 2006/2007 drill campaign at the Company's Torlon Hill zinc project. The drill program is on hiatus for the holidays and will resume in mid-January. During the break, Firestone Ventures will review the program, focusing on expansion of the originally planned total of 25 to 30 drill holes comprising 2,200 metres.|
A total of 938 metres in 21 vertical holes has been drilled during November and December, 2006, with hole depths ranging from 21.3 metres to 96.0 metres. Drill core mineralogy encountered is consistent with mineralized zones defined during the previous drill campaign. A drill hole location map showing the new drill holes can be viewed at www.firestoneventures.com.
"We are very pleased with the progress of the drill program, which is ahead of schedule." says Lori Walton, President of Firestone Ventures. "We credit our drill contractor and the excellent support of our business partners and local suppliers for enabling us to finish for the holiday break well ahead of schedule."
• Ten of the completed holes (TH06-25, 26, 29 through TH06-36) are step-out holes, drilled at 25 to 50 metre spacing extending 150 metres northwest of previous drilling (see December 1, 2006 news release).
• Nine drill holes (TH06-24, 27, 28, 37 through 42) are in-fill holes within the area of high-grade zinc mineralization defined by the previous drill campaign. Previous holes in this area include; TH06-02 (33.0 metres of 22% zinc, including 17.1 metres of 31.9% zinc) and TH06-05 (39.5 metres of 5.7% zinc).
• Drill Holes TH06-23 and TH06-43 are step-out holes 25 metres east of Hole TH06-02 and 40 metres east of TH06-13 respectively.
The next phase will consist of in-fill and step-out drilling to the southwest to test a newly identified zone of lead, zinc and silver within the Cinco Hermanos underground workings. The last phase of drilling will consist of step-out holes towards the west, targeting reported zinc mineralization at the La Canada adits.
The road-accessible Torlon Hill project is located 18 road kilometres northwest of the city of Huehuetenango, near the Pan-American Highway in western Guatemala. Drill hole location maps, previous drill results, a longitudinal section sketch, FAQ sheet and photos are at www.firestoneventures.com. This news release has been reviewed and approved by John Cleary, (CPC), Qualified Person for the Torlon Hill project in accordance with regulations under National Instrument 43-101. Assay results are not expected until January, 2007.
Firestone Ventures Inc. is a well-financed Canadian-based resource exploration and development company with zinc, gold and uranium projects in Western Canada and Central America. The common shares of the Company are currently listed on the TSX Venture Exchange (symbol FV) and the Frankfurt Stock Exchange (symbol F5V). For further information please contact:
Lori Walton, P. Geol., President
Toll Free: 1-888-221-5588
Fax: (780) 428-3476
Trading Symbol: FV: TSX-V; F5V: FSE
For Investor Relations please call: Contact Financial Inc. at (604) 689-7422
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release
You can view the Next News Releases item: Thu Jan 11, 2007, Firestone Ventures Intersects 13.7 Metres Grading 26.6% Zinc at Torlon Hill
You can view the Previous News Releases item: Tue Dec 19, 2006, Firestone Ventures Expands Land Package in Southern Alberta
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