Firestone Ventures Inc.
TSX VENTURE : FV

Firestone Ventures Inc.

August 02, 2005 12:07 ET

Firestone Ventures Announces High Grade Zinc Results from Torlon Project

EDMONTON, ALBERTA--(CCNMatthews - Aug. 2, 2005) - Firestone Ventures Inc. (TSX VENTURE:FV) is pleased to report results from a sampling and mapping program at the Torlon high-grade zinc property in western Guatemala. The 16 hectare (39.5 acre) Torlon property is road accessible and well situated in terms of access to Pacific Region zinc markets (see fact sheet and photo gallery at www.firestoneventures.com).

A total of 16 rock samples representing four distinct types of zinc oxide mineralization were collected from various workings on the Torlon property. The program was designed to verify past exploration data (see News Release from Nov. 19, 2004) in preparation for a drill program.



2005 Results
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Sample Zinc Lead Silver
Location Type (%) (%) (ppm)
Zone N-1 - Bulge area 2 m chip 19.17 7.14 42.8
Zone N-1 - Bulge area 2 m chip 44.31 0.55 0.9
Zone N-1 - Bulge area Grab 4.64 10.32 60
Lucio Tunnel 2 m chip 19.3 2.14 12
50 m south of Lucio Tunnel 2 m chip 30.98 3.34 11.1
Alfonso Adit 2 m chip 2.13 3.74 28
Alfonso Adit 2 m channel 34.02 3.33 8
Alfonso Adit 2 m channel 2.53 5.54 26
Adit No. 3 2 m chip 28.14 9.25 49
Argentinita Adit 1.5 m chip 3.43 10.66 28.5
Argentinita Adit 2 m chip 0.09 1.34 1.3
Cinco Hermanos Adit 30 cm chip 5.42 50.92 212
Cinco Hermanos Adit 1 m chip 0.12 68.79 178
Cinco Hermanos Adit 2 m chip 2.66 2.88 4
La Canada Adits Selected Grab 17.6 12.77 57.2
La Canada Adits Grab 4.62 10.95 48


Zinc mineralization (smithsonite) at Torlon extends over a 100 m x 700 m area called the "Santa Rosa Corridor". In the central 200 m of the "Santa Rosa Corridor" area the corridor has a true width of 25 to 30 m and is buttressed by two sheets (Zone N-1 and Zone N-2) of zinc mineralization hosted by Permian dolostone breccia. Zone N-1 has an average grade of 20.3% zinc over true widths of 1 - 9 m, including a high-grade zone ("The Bulge") that grades 28.4% zinc over an estimated typical true width of 9 m. Zone N-1 forms conspicuous cliffs and bluffs over a north-south distance of about 140 m on surface.

The source of the zinc oxide mineralization at La Canada Adits remains unknown. La Canada area is 150 m west of the main Santa Rosa Workings. Identification of in situ zinc mineralization within the collapsed adits in this area would represent considerable expansion of the zinc potential at Torlon.

The Torlon property has never been drilled; however there are numerous underground workings on the property due to small scale lead mining that has carried on for over 250 years.

"At Torlon, there is potential for expansion of the known zinc mineralization to the north, west and south. Only the central 200 m portion of the Santa Rosa Corridor has been examined in detail," says Lori Walton, Firestone's President. "Our next step is to drill and determine the depth and geometry of the zinc zones."

This news release has been reviewed by consulting geologist John Cleary, CPG, Qualified Person for the property in accordance with regulations under National Instrument 43-101. Rock samples were sent to Global Discovery Labs in Vancouver, Canada where they were assayed for zinc and lead. The samples were also analyzed for 28 elements using ICP, and for gold and germanium using atomic absorption spectrometry. Germanium results are pending. Firestone Ventures has the right to purchase a 100% interest in the Torlon property under the terms of an agreement described in a News Release dated Dec. 8, 2004. A 43-101 Technical Report on Torlon is available at www.firestoneventures.com or www.sedar.com.

Firestone Ventures Inc. has a portfolio of high quality uranium, zinc, copper and gold properties.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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