| VANCOUVER,
Jan. 21 /PRNewswire-FirstCall/ -- First Narrows Resources
Corp. (TSX-V: UNO) ("First Narrows" or the
"Company") is pleased to announce that a Quantum
Particle Extraction (QPX) soil geochemical anomaly has
been located directly coincident with a MegaTEM II airborne
geophysical anomaly on the Middle River property in
the Bathurst Mining Camp. The claims covering the QPX-
MegaTEM II anomaly are 100% owned by First Narrows.
The QPX results indicate the presence of sulfide mineralization.
Profiles of the QPX geochemical results (Zn, Pb, Cu,
Ag, Au and several pathfinder metals Cd, S, Mo, As)
may be viewed on the company's web site at www.uno.ca
The QPX-MegaTEM II anomaly is located 9 km west of
Noranda's BMS No. 12 mine. No record has been found
in the New Brunswick Government assessment files of
the anomaly ever having been drilled.
A total of 2,234 soil samples were collected for the
QPX geochemical survey: 1,355 on the Company's Chester
property and 879 on Middle River.
The objective of the QPX survey on Middle River is
to further evaluate the property's potential for large
sediment hosted gold deposits, to check the extensions
of the known gold zones, and to assist in the valuation
of several unexplained MegaTEM II anomalies. The balance
of the Middle River QPX results are expected within
two weeks and will be reported following compilation
and interpretation.
The purpose of the QPX survey on the Chester property
is to identify the areas of possible zinc-lead and
copper mineralization within the cluster of high priority
buried MegaTEM II anomalies lying west and northwest
of the known Chester mineral deposits. The Company
expects to start receiving the Chester QPX results
in early February.
QPX geochemistry is founded on various aspects
of nanotechnology as applied to mineral exploration.
Mineral elements are known to release nanosize quantum
particles unique to each element. The quantum particles
migrate upward through barren rock much like helium
and radon. These particles collect in "B"
horizon soils which are well developed in New Brunswick.
QPX technology allows for the collection of these
particles which in turn leads to the identification
of zones of mineralization buried beneath geological
formations (i.e. blind) that would normally render
traditional geochemical methods less effective.
The New Brunswick Government published a report about
QPX technology as applied to mineral exploration (Open
File Report OF 2003-8 dated 2003: 'Reconnaissance
and Detailed QPX B-Horizon Soil and QPVX Vegetation
Geochemistry in the Bathurst Mining Camp...' by H.
Lahti, S.R. McCutcheon, and M.A. Parkhill). On page
vii, the authors state: "A comparison of QPX
and conventional results shows that the conventional
concentrations are consistently lower than the QPX
concentrations." Further, they state that: "Quantum
particle extraction (QPX)...can enhance the ability
to detect deeply buried base-metal targets (up to
200 m)."
The quantum particles are being extracted from the
soil samples by DSET Inc. of Fredericton, NB, and
sent to Acme Analytical Labs of Vancouver, BC for
analysis of their respective metals by ICP-MS (Inductively
Coupled Plasma-Mass Spectrometry).
Mr. Arthur Hamilton, P.Geo., is the Company's Qualified
Person on the Chester and Middle River Projects. Mr.
Hamilton is the former 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 and strategic
metal properties, the Company's core focus is the
advancement of the Chester Copper-Polymetallic Project
and the exploration of newly recognized gold belts
in the Bathurst Mining Camp. For more information
visit: www.uno.ca
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: glytle@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.
Source: First Narrows Resources Corp.
CONTACT: 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:
glytle@uno.ca
|