Saturday, April 4, 2009

Firestone Ventures Completes Phase One of Exploration Program

EDMONTON, ALBERTA--(Marketwire - April 3, 2009) - Firestone Ventures Inc. (TSX VENTURE:FV)(FRANKFURT:F5V) is pleased to announce that Phase One of this season's surface exploration program has been completed. The work included aerial surveys of the Torlon Hill project area in western Guatemala and reconnaissance fieldwork on Firestone's newly acquired land holdings (see news release dated Dec. 8, 2008). Phase Two surface exploration is scheduled to begin in April.

"Market conditions for zinc and lead are improving. We are advancing our zinc projects during these challenging market conditions by concentrating on low-cost work that will add value to future development," says Lori Walton, President of Firestone Ventures. "In addition, the property package we acquired in December, 2008 includes a zinc-copper-gold skarn prospect that we believe has potential for porphyry copper-type mineralization at depth."

Torlon Hill Zinc-Lead-Silver Deposit

Colour aerial photography and digital topographical and orthophoto mapping of the Torlon zinc-lead-silver project area was completed in early March, 2009 and delivery of final maps is pending from the contractor. A Phase Two grid-based mapping, prospecting and soil sampling program at Torlon Hill is scheduled for completion in May, 2009.

In addition, the Company has engaged Grupo Sierra Madre, a Guatemala-based consulting firm, to conduct baseline environmental assessment work focused on the Torlon Hill zinc-lead-silver property.

Firestone is continuing its program of metallurgical testwork to determine optimal processing options for the zinc oxide mineralization at Torlon; the next round of metallurgical testwork is being finalized and prioritized subject to budget requirements.

The Company is continuing its collaborative work with local communities on social-economic initiatives, upgrading existing access roads and stream crossings and the coordination of local supplies and services. The 100% owned Torlon Hill zinc-lead-silver deposit is road-accessible and open to expansion.

Read the rest of the story on Market Wire

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