SOURCE: FIRST NARROWS RESOURCES CORP.

August 25, 2005 09:00 ET

New Discovery Increases Gold Potential at First Narrows' Middle River Property

Seven Drill Holes Completed and Sampled With Assays Pending; Photos Are Available at: www.uno.ca

VANCOUVER, BC -- (MARKET WIRE) -- August 25, 2005 -- First Narrows Resources Corp. (TSX-V: UNO) ("First Narrows" or the "Company") is pleased to report that the current drilling program has discovered what appears to be a new gold zone (the "SIP zone") approximately 95 meters stratigraphically below the known MRG gold zone. The SIP zone occurs as a 19- to 40 meter-wide chromium-mica (Cr-mica) altered sequence of shale, greywacke and minor melange that hosts narrower more intense zones of silicification, Cr-mica alteration, quartz flooding, visible stibnite (antimony sulphide, Sb2S3), arsenopyrite, and pyrite.

Six infill drill holes have been completed on the MRG gold zone along a strike length of 75 meters. Two of the holes were deepened, intersecting the new SIP zone at vertical depths of approximately 90 meters. A seventh hole intersected the SIP zone at a vertical depth of 20 meters, for a total of 670.5 meters.

The MRG gold zone intersections are characterized by quartz-arsenopyrite-pyrite and minor stibnite mineralization over 3 to 7 meter true widths within a more weakly mineralized 15 to 22 meter wide altered (bleached, Cr-mica) sequence of shale, greywacke and melange. The purpose of the close spaced shallow drilling was to better define the structural control of the MRG gold mineralization, and to investigate the previously undrilled near surface/open pit potential of the zone. The drilling indicates that the higher grade zones of gold mineralization plunge and rake gently to the north within the main MRG structure which dips moderately to steeply northwest.

The SIP zone drilling, consisting of one shallow and two deep drill holes, tested weak IP and soil geochemical anomalies. The SIP mineralization consists of a well-developed quartz flooded structure with visible stibnite, arsenopyrite, pyrite, minor hematite, and intense Cr-mica alteration over a true width of approximately 4 meters within a Cr-mica altered shale-greywacke-melange sequence that is up to 34 meters in true thickness. Limy black shales underlie the shale-greywacke-melange sequence.

The SIP zone has now been traced along a strike length of 110 meters and to a vertical depth of 90 meters. It is open on trend and at depth.

Photos of the zones of mineralization and alteration are posted on the Company's web site www.uno.ca. All cores have been sampled and the core samples have been sent to Activation Laboratories Ltd. for analysis.

Drilling continues, approximately 1 km on trend to the northeast of the MRG and SIP zones, to evaluate six additional targets with coincident gold geochemical and IP/VLF geophysical anomalies within the favourable shale-greywacke-melange sequence.

First Narrows either owns, or has the right to own, a 100% interest in the 763 claims that comprise the Middle River property. Mr. Arthur Hamilton, P.Geo., is the Company's Qualified Person on the Middle River Project. Mr. Hamilton was formerly Chief Mine Geologist for Noranda's Heath Steele Division.

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.

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