November 04, 2005 16:00 ET

Drilling and Trenching Indicate Favorable VMS Horizon Buried Beneath Middle River Property

Large CuPbZn Soil Geochemical Anomaly Defines Main MR1 Target

VANCOUVER, BC -- (MARKET WIRE) -- November 4, 2005 -- First Narrows Resources Corp. (TSX-V: UNO) and (OTC: FNRWF) ("First Narrows" or the "Company") is pleased to announce that a detailed soil sampling program has located a large copper, lead, zinc soil geochemical anomaly over the northern half of the MR1 grid. MR1 is a promising volcanogenic massive sulfide target on the Middle River property in the Bathurst Mining Camp, New Brunswick. The geochemical survey was done as follow-up to a previously reported QPX soil geochemical anomaly located by a single reconnaissance line in 2004 (see news release of February 1, 2005), in preparation for drilling.

First Narrows either owns, or has the right to own, a 100% interest in the 887 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.

Favorable Geology

The same stratigraphy (Nepisiguit Falls Formation) that hosts the Brunswick No.12 ("BMS#12") and Heath Steele VMS deposits lies beneath the northeast part of the Middle River property. MR1 is interpreted to lie within this favorable stratigraphy only 8 km north of, and on trend from, the BMS#12 deposit. Falconbridge's BMS#12 mine is a world class VMS deposit with production from 1964 through 2004 totalling 109,814,000 metric tonnes at 8.85% Zn, 3.48% Pb, 0.36% Cu and 102 gpt Ag.

The Company has completed 10 trenches and 10 drill holes (holes 2145-05-01 to 09 inclusive, and 4557-05-01, visit to see plan map) along section 500N testing QPX gold soil geochemical anomalies and the near surface volcanic-sedimentary stratigraphy above MR1. The drilling, trenching, whole rock chemistry, and stratigraphic analysis, explained the gold geochemical anomalies as due to anomalous gold values in quartz-carbonate structures within Little River Formation graphitic sediments and overlying Tomogonops Formation mafic sediments; the MegaTEM II electromagnetic anomaly as due to Little River Formation graphitic sediments; and the magnetic and gravity anomalies as due to the Little River Formation basalt. Both the Little River Formations and the Tomogonops Formation overlie the favorable Nepisiguit Falls Formation. Hole 2145-05-04 intersected two anomalous gold zones within the mafic and graphitic sediments; and intersected the Little River Formation basalt when deepened. Any possible detectible electromagnetic, magnetic and gravity response of the buried MR1 volcanogenic massive sulfide target is masked by the overlying Little River graphitic sediment and basaltic volcanic rocks.

Hole 4557-05-01, collared at 500N, 1325E, intersected felsic volcanics that correlate with the oldest volcanism discovered in the Bathurst Mining Camp to date (part of the Miramichi Group). The Miramichi Group felsic volcanic activity has been age dated as being approximately 10 million years older than the volcanic events that led to the formation of the Nepisiguit Falls Formation that host the BMS#12 and Heath Steele VMS deposits. Therefore the BMS#12 horizon must lie stratigraphically between the basalt in hole 4145-05-04, and the felsic volcanics in hole 4557-05-01.

Strong Base Metal Soil Geochemical Anomaly

North of the gold geochemical anomalies, both MMI and QPX deep search geochemical methods have defined a CuPbZn soil geochemical anomaly. The anomaly is strongly developed approximately one kilometer north of Section 500N. It is interpreted to represent buried VMS mineralization in the Nepisiguit Falls Formation at depths possibly greater than 400 meters. The favorable horizon is interpreted to be closest to surface in those areas where the soil geochemical anomaly is strongest (visit to see the QPX and MMI geochemical profiles for line 1700N). No historical drill holes have tested the favorable horizon at MR1.

Testing of the MR1 Geochemical Anomaly

The Company has used state-of-the-art exploration technologies to define the MR1 target, which represents a significant opportunity to discover a new VMS deposit within 8 km of Falconbridge's BMS#12, the largest underground zinc mine in the world.

The next phase of exploration on MR1 will focus on drilling the favorable VMS horizon beneath the soil geochemical anomalies.

Pending Analyses

The Company has not yet received final gold analyses from the drill holes along section 500N, and from holes MR-05-010 and -011 on the MRG gold zone, due to external processing delays.

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:


"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.

Contact Information

  • For Corporate, Media, or Investor Communications contact:
    Greg Lytle
    Communications Manager
    First Narrows Resources Corp.
    Toll-free: (866) 285-5817
    Vancouver: (604) 839-6946
    Email: Email Contact

    First Narrows Resources Corp.
    Suite 402 - 1228 Hamilton Street
    Vancouver, BC, Canada V6B 6L2
    Toll free: 866.285.5817
    Tel.: 604.677.5143
    Fax: 604.677.4702