SOURCE: FIRST NARROWS RESOURCES CORP.

March 01, 2007 08:30 ET

High Grade Copper Over Thick Intervals Continues at First Narrows' Chester Project

Hole C-06-039 Intersects 17 Meters (55.8 ft.) of 4.51% Copper, Including 9.1 Meters (29.8 ft.) of 6.70% Copper

VANCOUVER, BC -- (MARKET WIRE) -- March 1, 2007 -- First Narrows Resources Corp. (TSX-V: UNO) ("First Narrows" or the "Company") is pleased to report the balance of the assay results from the 2006 phase of the resource definition drill program completed on the 100% owned portion of the Chester Copper-Polymetallic Feeder Deposit. Holes C-06-036 to -039 and -041 continued to define the up dip, near surface, area of the thick zone of high grade copper mineralization in the Feeder Deposit. Assay results confirm significant high grade copper mineralization was intersected in a number of holes as follows:

HOLE C-06-036 Collar Coordinates - 5219919.84N, 710161.25E; dip vertical

              From         To     Length     Length      Cu
                m          m         m         ft        (%)
---------------------------------------------------------------
              20.10      46.10     25.00      82.0       1.53
Includes      35.00      45.20     11.10      36.4       2.36
   and        41.20      44.2       3.00      9.84       3.85
HOLE C-06-037 Collar Coordinates - 5219918.62N, 710156.11E; dip vertical
              From         To     Length     Length      Cu
                m          m         m         ft        (%)
---------------------------------------------------------------
              31.80      44.50     12.70      41.70      1.49
Includes      37.70      40.80      3.10      10.17      3.50
HOLE C-06-038 Collar Coordinates - 5219925N, 710156.25E; dip vertical
              From         To     Length     Length      Cu
                m          m         m         ft        (%)
---------------------------------------------------------------
             34.00       47.50     13.50      44.3       2.02
Includes     38.80       42.60      3.80      12.5       4.02
HOLE C-06-039 Collar Coordinates - 5219931.3N, 710156.3E; dip vertical
              From         To     Length     Length      Cu
                m          m         m         ft        (%)
---------------------------------------------------------------
             29.80       46.80     17.00       55.8      4.51
Includes     36.00       45.10      9.10       29.8      6.70
   and       36.00       38.00      2.00        6.6      9.73
HOLE C-06-041 Collar Coordinates - 5219943.67N, 710150.5E; dip vertical
              From         To     Length     Length      Cu
                m          m         m         ft        (%)
---------------------------------------------------------------
              37.00      43.50      6.50       21.3      2.50
Includes      39.00      43.50      4.50       14.8      3.00
              43.50      46.70              Decline
              46.70      52.25      5.55       18.2      0.68
The 2006 phase of the resource definition drill program consisted of 22 diamond drill holes (1,365.5 meters) completed on the eastern shallow end of the gently inclined Chester copper-polymetallic Feeder Deposit. All 22 holes were sampled and copper analytical results from all holes have been received and reported. To review the previously reported results (January 17, 2006, January 11, 2006, January 24, 2007 and February 8, 2007) visit: www.uno.ca.

2006 Drill Program Analytical Highlights:

Hole C-06-020 intersected 33.00 meters (108.3 ft.) averaging 2.91% copper from 6.00 (below surface) to 39.00 meters, which included 20.30 meters (66.6 ft.) averaging 4.37% copper from 16.00 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 to 44.86 meters, which included 8.17 meters (26.8 ft.) averaging 4.48% copper from 19.83 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 to 47.30 meters, which included 18.30 meters (60.0 ft.) averaging 5.01% copper from 27.20 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 to 38.30 meters, which included two higher grade sections of 5.00 meters (16.4 ft.) averaging 4.24% copper from 23.30 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 to 38.00 meters, 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 to 48.90 meters, which included 21.30 meters (69.9 ft.) averaging 3.83% copper from 24.00 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

The copper zone, which is immediately accessible from the historical decline, is open to the north, west and east. The overall zone of mineralization dips westerly at 15 to 20 degrees such that the true thicknesses are approximately 93% of the assay intervals reported from the Company's vertical drill holes.

All samples were sent to Activation Laboratories Ltd. in Ancaster, Ontario for analysis. Samples were analyzed on a Varian Vista Pro ICP for copper. Activation Laboratories is accredited to ISO 17025 and CAN-P1579 by the Standards Council of Canada. Certified Canmet Reference Standards and OREAS reference standards are used as controls.

Analyses for secondary metal credits are being carried out on composited sample intervals determined by the copper assay results, and an in-house Chester Project scoping study.

Drilling is expected to continue for several months with a further +100 diamond drill holes required to develop the initial NI 43-101 mineral resource estimation of the copper-polymetallic feeder deposit.

The first three holes (C-07-042 to -044) drilled in 2007 obtained additional material for the current phase of metallurgical work. As infill holes located approximately mid point between 6.25 meter spaced holes, these holes also established solid confidence in the continuity in the high grade copper mineralization. To view a photo of the drill core from holes C-06-042 and -043, please 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 mineralized structure 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 area of drilling for more than 1 kilometer ( > 3,280 ft.). At the east end it lies close to surface and at its known western extent 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 with one to three (or more) stacked, gently westerly inclined and northerly striking, sheet-like internal zones of higher-grade mineralization of variable thicknesses.

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-based 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:
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    First Narrows Resources Corp.
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    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