May 12, 2008
Drilling Commences at Marshall Lake
Thunder Bay, Ontario, Canada
* 3000 metre program
* 27 targets
* Two drills mobilized
* Copper-Zinc-Gold-Silver
Eyeconomy Holdings PLC (Plusmarkets quote: EYE) is pleased to announce that a
3000 metre core drilling program to test as many as 27 targets has commenced on
their Marshall Lake Property.
15 drill targets were selected from airborne electromagnetic (VTEM) anomalies
generated in the fall of 2007. The remaining targets are Induced Polarization
(IP) anomalies in the vicinity of old showings.
Several new IP anomalies were generated from recently completed surveys in the
"D" zone, Main Billiton area and east of Teck Hill.
The Marshall Lake property is located 310 kilometres north of Thunder Bay in
north western Ontario, Canada and has recently become road accessible. Copper
and zinc mineralization hosted in volcanic rock was first discovered in 1954,
resulting in numerous properties being staked and explored. Elevated gold and
silver values are also common on the property. Past diamond drilling resulted
in outlining several mineralized zones. The current program aims to discover
hidden mineralization with the aid of modern geophysics.
Eyeconomy Holdings PLC and its 50:50 joint venture partner, East West Resource
Corporation have consolidated all the existing properties and staked additional
claims resulting in control of 50 square miles of the Marshall Lake
volcanogenic massive sulphide system.
The directors of Eyeconomy Holdings PLC accept responsibility for the contents
of this announcement.
Paul McGroary
Chairman
Eyeconomy Holdings PLC
+44 (0)7930 568160
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