SOURCE: FIRST NARROWS RESOURCES CORP.

March 07, 2007 11:00 ET

First Narrows Provides Drilling Update on Chester Feeder Deposit Project

31 Holes Completed to Date on the 2007 Phase of the Mineral Resource Estimate Drilling Program; Drilling Continues

VANCOUVER, BC -- (MARKET WIRE) -- March 7, 2007 -- First Narrows Resources Corp. (TSX-V: UNO) (PINKSHEETS: FNRWF) ("First Narrows" or "the Company") is pleased to provide the following update on the mineral resource definition drilling program on the Chester copper-polymetallic feeder deposit project.

Current Drilling

Since drilling resumed January 26, 2007, 31 drill holes (C-07-040, C-07-42 to -71) totaling 1,758 meters have been completed on the eastern near surface extension of the Chester copper-polymetallic feeder deposit. Three of the holes (C-07-042 to -044) were completed in the copper zone for metallurgical material, and 28 holes for further definition of the copper deposit to the south and east. Several of the holes delineated the interface between the copper zone and the western edge of the Central ZnPbAg VMS deposit. Three holes intersected the historical underground decline further defining its subsurface lateral and vertical location with respect to the copper mineralization. To view photos of drill core samples visit: www.uno.ca

A total of 608 core samples have been cut and shipped for analysis and a further 420 samples are being cut for shipping. Drilling will continue for several months with the objective of developing a NI 43-101 compliant mineral resource estimate of the copper-polymetallic feeder deposit.

CRA World

Conestoga-Rovers and Associates (CRA) commenced environmental surveys consisting of surface water quality and fauna studies, continuing environmental work that was initiated in 2003. CRA is also providing geological and engineering support for the drilling program, including core logging.

Analytical Highlights from 2006 Drill Program:

Hole C-06-020 intersected 33.00 meters (108.3 ft.) averaging 2.91% copper from 6.00 meters (below surface) to 39.00 meters, which included 20.30 meters (66.6 ft.) averaging 4.37% copper from 16.00 meters to 36.30 meters, and a higher grade section of 4.00 meters (13.1 ft.) averaging 6.97% copper from 26.00 to 30.00 meters.

Hole C-06-022 intersected 25.03 meters (82.1 ft.) averaging 3.43% copper from 19.83 meters to 44.86, which included 8.17 meters (26.8 ft.) averaging 4.48% copper from 19.83 meters to 28.00 meters, and a higher grade section of 4.00 meters (13.1 ft.) averaging 5.56% copper from 39.00 to 43.00 meters.

Hole C-06-025 intersected 24.60 meters (80.7 ft.) averaging 3.96% copper from 22.70 meters to 47.30, which included 18.30 meters (60.0 ft.) averaging 5.01% copper from 27.20 meters to 45.50 meters, and a higher grade section of 4.20 meters (13.8 ft.) averaging 8.93% copper from 37.50 to 41.70 meters.

Hole C-06-033 intersected 15.00 meters (49.2 ft.) averaging 3.45% copper from 23.30 meters to 38.30, which included two higher grade sections of 5.00 meters (16.4 ft.) averaging 4.24% copper from 23.30 meters to 28.30 meters and 5.50 meters (18.0 ft.) averaging 4.13% copper from 32.50 to 38.30 meters.

Hole C-06-034 intersected 14.00 meters (45.9 ft.) averaging 4.07% copper from 24.00 meters to 38.00, which included a higher grade section of 5.20 meters (17.1 ft.) averaging 8.05% copper from 29.60 to 34.80 meters.

Hole C-06-035 intersected 27.20 meters (89.2 ft.) averaging 3.34% copper from 21.70 meters to 48.90, which included 21.30 meters (69.9 ft.) averaging 3.83% copper from 24.00 meters to 45.30 meters, and a higher grade section of 7.00 meters (23.0 ft.) averaging 5.31% copper from 24.00 to 31.00 meters.

Hole C-06-039 intersected 17.00 meters (55.8 ft.) averaging 4.51% copper from 25.80 to 46.80 meters, which included 9.10 meters (29.8 ft.) averaging 6.70% copper from 36.00 to 45.10 meters, and a higher grade section of 2.00 meters (6.6 ft.) averaging 9.73% copper from 36.00 to 38.00 meters.

To view photos of drill core samples from the holes referenced above visit: www.uno.ca

QA/QC

Quality assurance and quality control (QA/QC) of the NI 43-101 qualifying mineral resource estimate drilling, analytical and surveying programs are being monitored by independent consultants Robert Sim, P.Geo. and Bruce Davies. Earnest Brooks, P.Geo., is the Company's Qualified Person on the Chester Project. Mr. Brooks was formerly a Mine Geologist at the Patino Mines Copper Rand Mines Div. in Chibougamau, Quebec, and a mining operations geologist and exploration geologist at the BMS mines, Bathurst, from 1975 to 1990.

Chester Copper-Polymetallic Feeder Deposit

The copper-polymetallic feeder deposit is an east-west trending gently west plunging cigar shaped deposit within an alteration zone approximately 75 meters (246 ft.) or more in thickness and greater than 200 meters (656 ft.) in width. It extends west of the current planned drilling area for more than 1 kilometer ( > 3,280 ft.). At the east end it lies close to surface and at the western extent of the company's drilling it is more than 400 meters (1,320 ft.) below surface. The copper-polymetallic mineralization within the feeder deposit varies from low to high grade.

The Chester property is located in the southern part of the Bathurst Mining Camp approximately 53 kilometers (kms) west of the City of Miramichi, and 72 kms southwest of the city of Bathurst, New Brunswick.

About First Narrows Resources Corp.:

First Narrows Resources Corp. (TSX-V: UNO) is a Canadian mineral exploration company whose corporate strategy is to develop overlooked and undervalued mineral properties that offer near term production potential. The Company is rapidly moving its 100%-owned Chester Project in the Bathurst Mining Camp forward to NI 43-101 mineral resource estimate and conceptual mine design status. 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. We seek safe harbor.

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
    Website: http://www.uno.ca