Firestone Ventures Inc.

Firestone Ventures Inc.

May 04, 2007 12:00 ET

Firestone Ventures Completes Drill Program at Torlon Hill Zinc Project-Intersects 9.7 Metres of 9.1% Zinc Including 1.5 Metres of 36.3% Zinc

EDMONTON, ALBERTA--(CCNMatthews - May 4, 2007) - Firestone Ventures Inc. (TSX VENTURE:FV)(FRANKFURT:F5V) is pleased to announce the remaining drill results from step-out drill holes TH07-54 to TH07-62 inclusive and partial results from TH07-63 at the Company's Torlon Hill high-grade zinc project, western Guatemala.

The best intersection was in drill hole TH07-57, which intersected 9.7 metres of 9.1% zinc and 5.2% lead, including 1.5 metres of 36.3% zinc and 0.6% lead. Highlights of significant drill intersections are given below and a full summary and updated drill hole location map is available at

Total Silver
Depth From To Thickness Zinc Lead grams/
Hole No. (metres) (metres) (metres) (metres) % % tonne
TH07-55 147.8 77.0 79.0 2.0 3.3 0.3 10
TH07-56 166.7 78.2 89.9 11.7 2.0 2.0 12
Including 80.8 81.7 0.9 7.7 4.7 37
TH07-57 146.3 66.0 75.7 9.7 9.1 5.2 12
Including 72.5 74.0 1.5 36.3 0.6 6
TH07-63 86.9 98.0 102.0 4.0 2.7 0.2 3

The drill program is now complete. A total of 41 drill holes were drilled to depths ranging from 21.3 metres depth to 166.7 metres, totalling 3,493 metres. Assay results remain pending for the final 14 samples from drill hole TH07-63; these samples will be shipped for analysis in May.

The final drill hole (TH07-64) was drilled in the "Bulge" zone of high grade zinc mineralization to recover representative drill core for metallurgical testing; the core was not assayed.

All holes were drilled vertically through mineralized dolostone breccia and intersected serpentinite basement rock. "Step-out" exploration drill holes on the west side of Torlon Hill were spaced approximately 50 metres apart, much more dispersed than the 15 metre "in-fill" drill hole spacing in the "Bulge" area of surface and near surface exposures of high-grade zinc (smithsonite) mineralization to the east.

"Our intention was to complete in-fill drilling in the "Bulge" area, expand the area of known zinc mineralization on the east side of Torlon Hill, and lastly to begin exploring for buried zinc mineralization on the west side of Torlon," says Lori Walton, President of Firestone Ventures Inc. "The program was very successful. The high quality of work by our local partners on improving access, drill site preparation, moving equipment and supplies and work on site enabled us once again to complete our objectives on schedule and on budget."

Next Steps at Torlon Hill - Surface Exploration, Metallurgical Testing and Initial Resource Estimate

There is considerable exploration potential at Torlon Hill, as established by the discovery of blind zones of high-grade zinc mineralization during this winter's drill campaign. A two-week surface exploration program designed to prospect for additional targets close to the drilled areas has commenced and is scheduled to be completed before the rainy season (May to October) begins.

Firestone Ventures plans to engage SGS Lakefield Research Limited (Lakefield), Canada to conduct testwork on material from Torlon Hill. Lakefield SGS has extensive experience on beneficiation of oxide zinc and lead-zinc ores. Concurrent with the metallurgical testing will be compilation of data from the recently completed drill program and the calculation of an initial 43-101 compliant resource estimate from the "Bulge" area defined by close-spaced drilling on the east side of Torlon Hill. The resource estimate will be produced by consultants Watts, Griffis and McOuat Limited of Toronto, Canada.

An updated drill hole location map (including assay results), table of significant drill intersections, drill hole specifications, news releases, a longitudinal section sketch, FAQ sheet and photos are available at

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.

This news release has been reviewed and approved by John Cleary, (CPG), Qualified Person for the Torlon Hill project in accordance with regulations under National Instrument 43-101. Sample preparation, quality control and analytical techniques have been described previously (see January 11, 2007 news release). All samples were analyzed by ALS Chemex in Vancouver, B.C.

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).

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

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