SOURCE: FIRST NARROWS RESOURCES CORP.

June 17, 2005 09:00 ET

First Narrows Defines Coincident Gravity-MegaTEM Anomaly on Middle River Property

MR1 is Located 9 km North of Noranda's BMS#12 on the Favourable Mine Horizon

VANCOUVER, BC -- (MARKET WIRE) -- June 17, 2005 -- First Narrows Resources Corp. (TSX-V: UNO) ("First Narrows" or the "Company") is pleased to announce that the FTG Gradiometer Airborne survey carried out by the Noranda/Slam JV over First Narrows Resources' Middle River property located in the Bathurst Mining Camp, NB, has identified a promising gravity anomaly coincident with a high priority MegaTEM and magnetic anomaly (anomaly #MR1) 9 km north of the BMS#12 zinc, lead, copper, silver mine. First Narrows owns, or has the right to own, a 100% interest in the Middle River property.

The Company has carried out approximately 11 line kms of preliminary ground geophysics and soil geochemistry over anomaly MR1. Gridding and ground geophysical surveys (IP, HLEM, mag, VLF) have detailed the southern part of anomaly MR1. The interpretation of the ground geophysical data suggests that the anomaly is blind, > 700 meters in length, open on trend to the north, and up to 100 meters in width. The top of the geophysical anomaly is interpreted to lie 75 to 200 meters below surface.

VLF, magnetic, and soil geochemical surveys were conducted along a reconnaissance line approximately 700 meters further north of the detailed grid. The surveys confirmed the northern extension of MR1 and located a strong, coincident, ZnPbCuAg soil geochem anomaly (see news release of February 1, 2005).

The FTG Airborne Gravity anomaly is directly coincident with both the widest (and blind) part of MR1 and also a broad weak to moderate PbZnAu soil geochemical anomaly.

The soil geochemical anomalies are characterized by moderately to strongly anomalous pathfinder and secondary metals (Mo, Sb, Cd, S, Bi, Co, Mn).

MR1 occurs on the projected extension of the BMS#12 mine horizon within the Nepisiguit Falls Formation as described by the NB Provincial Government geologists and the Geological Survey of Canada geologists. This is the stratigraphic unit that is host to more than 30 of the 45 known VMS deposits in the Bathurst Mining Camp. The extension of the BMS#12 favourable horizon on the Middle River property is under-explored.

MR1 is considered a high-priority drill target that First Narrows intends to drill during the summer of 2005.

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: www.uno.ca

ON BEHALF OF THE BOARD OF DIRECTORS
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.

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
Website: http://www.uno.ca

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
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