Freeport Resources Inc.

Published : April 01st, 2008

ANNOUNCES GOLD RESULTS FROM SPANISH MOUNTAIN CLAIMS

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APRIL 1, 2008
NEWS RELEASE

FREEPORT ANNOUNCES GOLD RESULTS FROM SPANISH MOUNTAIN CLAIMS

VANCOUVER, CANADA
TSX Venture Exchange:  FRI
Shares Issued:    13,486,232

FREEPORT RESOURCES INC. (TSX-V: FRI) is very pleased to announce gold results from last season's field work at its Spanish Mountain Gold property near Likely, BC.  Soil and rock samples collected over a geophysical ‘resistivity low’ are strongly anomalous in gold, reaching over 400 ppb in soil and up to 0.13 g/t in weathered pyritic argillite and greywacke surface rocks.  This indicates an easterly extension of the large mineralized zone defined by Skygold Ventures Ltd. ("Skygold") (SKV-TSXV) and Wildrose Resources Ltd. ("Wildrose") (WRS-TSXV) at their ‘Main Zone Argillite’, measuring over 1.44 sq.km. (.56 sq.mi.) in size, also coinciding with a resistivity low.  The local geophysical signature shows structural continuity across the claim blocks, with no discontinuities or major offsetting features.  For map, please see
http://www.freeportresources.com/i/maps/resistivity-au_geochem.gif


Freeport’s sampling tested the most northerly resistivity low of three identified by a 2006 airborne survey.  According to Skygold, these geophysical features correspond with broad zones of argillite stratigraphy favourable for sediment hosted gold; mineralization is associated with a contact between argillites and greywackes, with higher grade gold in greywacke host rock.    

Three hand trenches were dug on pits along a previously unknown access road cross-cutting the stratigraphy.  The pits exposed pyritic argillite and greywacke with some quartz veining – rocks that appear identical to the mineralized horizon on Skygold-Wildrose’s adjacent claims.  Assays of surface grab samples from all 3 pits returned gold values clustered around 0.1 grams per tonne.  The significance of gold values in the right rock type in all three trenches indicates the mineralized stratigraphy extends onto Freeport’s claims.  Gold values could be expected to increase below surface weathered exposures of the rocks.  

Skygold has described mineralization at its claims as follows: “Drilling within the Main Zone has consistently intersected gold in the Upper Argillite horizon which now forms a sheet of mineralization traced along strike for approximately 800 metres with a width of approximately 500m and up to 135 metres thick.”  Skygold has also noted, “...the zone may be getting wider to the east.”  Skygold/Wildrose are now completing an initial 43-101 compliant resource estimate, with bulk sampling and environmental studies planned (see SKV releases 2007.09.10 and 2007.11.15).  Freeport’s claims are approximately 600 m. (.37 mi.) from and on strike with the NW-SE trending gold-bearing zone, reportedly open to the east.  

Sampling of untested prospective geophysical targets on Freeport’s claims should be completed in 2008, on strike with known mineralization to the west.  Follow-up drilling is warranted to locate favorable gold mineralized stratigraphic/structural horizons.  With minor rehabilitation, the road will provide easy access for equipment and drills over the northern portion of the claims, especially as an offshoot of the road extends up to the main logging haul road.  

For more information, please visit our new website, soon to be launched at www.freeportresources.com.  Zdenek Hora, P.Geo., is the Qualified Person who has reviewed this release.  
Freeport Resources, founded in 1981, is a junior mineral exploration company listed on the TSX Venture Exchange.  Freeport has landholdings in Labrador and B.C., with a special focus on industrial minerals, precious and base metals, and gemstones.  

Freeport Resources Inc.
Brenda Clark, MAIBC
President & CEO

1-888-275-7335 (toll free)
(604) 275-7335 (tel.)
freeportresources@shaw.ca

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Freeport Resources Inc.

CODE : FRI.V
ISIN : CA3567771025
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Freeport Res. is a silver and gold producing company based in Canada.

Freeport Res. holds various exploration projects in Canada.

Its main exploration properties are RED ROSE, VOISEY'S BAY AREA and HUTTON in Canada.

Freeport Res. is listed in Canada. Its market capitalisation is CA$ 757 405 as of today (US$ 605 585, € 530 493).

Its stock quote reached its highest recent level on August 09, 1996 at CA$ 1.70, and its lowest recent point on January 01, 2016 at CA$ 0.01.

Freeport Res. has 16 831 232 shares outstanding.

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3/11/2008(Q Claims (eaglet)) ANNOUNCES FLUORITE-MOLY STUDY PUBLISHED
Corporate news of Freeport Resources Inc.
7/25/2008Red Rose Mine Assessed for Gold-Tungsten
4/1/2008 ANNOUNCES GOLD RESULTS FROM SPANISH MOUNTAIN CLAIMS
9/18/2007Advances Hutton Garnet Sands Project]
8/13/2007at Spanish Mountain Gold Property
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