Freewest Resources Canada Inc.

Published : September 10th, 2008

Commences Diamond Drilling on its 100%-Owned McFaulds Property

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Keywords :   Canada | Copper | Diamond | Gold | Iron | Nickel | Palladium | Platinum | Zinc |
September 10, 2008
Freewest Resources - Press Release


Freewest Commences Diamond Drilling on its 100%-Owned McFaulds Property in the James Bay Lowlands of Northern Ontario


MONTREAL, QUEBEC-(Sept. 10, 2008) - Mackenzie I. Watson, President and CEO of Freewest Resources Canada Inc., (TSX VENTURE:FWR) (the "Company") today announces that Diamond drilling has commenced on the Company's 100%-owned McFaulds property (the "FWR Property") situated in the James Bay Lowlands of northern Ontario. The FWR Property consisting of 4 mineral claims or 1036 hectares, comprises one of three properties in which the Company is currently exploring, on its own and in strategic joint-ventures in the emerging "Ring of Fire" metal district. The new district contains magmatic nickel-copper sulphide-platinum group element deposits, chromite deposits as well as volcanic-hosted massive sulphide deposits (copper-zinc).

THE FWR PROPERTY:

The FWR Property is situated approximately six (6) kilometers northeast of the Eagle One nickel-copper-platinum group element deposit owned by Noront Resources Limited and 1000 metres south of the recently discovered AT12 nickel-copper occurrence held by same (see Figure 1). Figures 1 and 2 comprise part of this news release and are posted on the Freewest website at http://www.freewest.com

Over the last 4 months, Freewest has completed airborne geophysical surveys (AeroTEM flown by Aeroquest International Ltd. and VTEM flown by Geotech Ltd.) as well as ground follow-up surveys including magnetics, HLEM (horizontal-loop electromagnetic) and a deep-penetrating electromagnetic survey known as InfiniTEM (TDEM). Collectively, the surveys have defined numerous quality exploration targets comprising interpreted bedrock conductors that closely correlate with magnetic anomalies, the same geophysical signature that characterizes the Eagle One deposit as well as the AT12 nickel-copper occurrence (see Figure 2). Figures 1 and 2 comprise part of this news release and are posted on the Freewest website at www.freewest.com. The VTEM survey in particular, has yielded some strong interpreted bedrock conductors on the FWR Property, with conductance values of up 145 siemens (B field conductance). Such conductance values are comparable to those obtained over the Eagle One deposit as well as the AT12 nickel-copper occurrence.

Several of these anomalies (coincident bedrock conductors and magnetic highs) are targeted for Diamond drilling in the current drilling program It is anticipated that the first phase of drilling will consist of a minimum of 5000 metres comprising approximately 12 drill holes in this initial drill test. Results will be released as they become available.

NORONT'S NICKEL-COPPER-PGE AND CHROMITE OCCURRENCES:

The Eagle One deposit has yielded some exceptional grades including 5.90% nickel, 3.10% copper, 2.87 g/t platinum, 9.78 g/t palladium over 68.3 metres as well as 6.30% nickel 2.80% copper, 1.90 g/t platinum and 10.20 g/t palladium over 46.2 metres. A recent 43-101 compliant mineral resource calculation yielded an Indicated Mineral Resource of 1.83 million tonnes grading 1.96% nickel, 1.18% copper, 1.12 g/t platinum, 3.91 g/t palladium as well as an Inferred Mineral Resource of 1.10 million tonnes grading 2.39% nickel, 1.27% copper, 1.37 g/t platinum and 4.50 g/t palladium.

Noront also discovered a second nickel-copper occurrence known as Eagle Two, two kilometers southwest of Eagle One. Several drill holes have intersected deformed semi-massive sulphides over widths of up to 26 metres. Noront's latest discovery, the AT12 nickel-copper occurrence, is situated along the same magnetic trend that traverses the FWR Property, some 1000 metres to the southwest. Limited drilling at AT12 testing a northeast-southwest trending magnetic high and coincident conductors, intersected disseminated and semi-massive copper-nickel-iron sulphides over widths of up to 29.2 metres (see Noront News Release dated July 17, 2008).

Noront has also intersected high-grade chromite mineralization over significant widths at the site of the Blackbird One and Blackbird Two occurrences. Chromite mineralization occurring stratigraphically above nickel-copper mineralization in the peridotite intrusion has yielded drill intercepts of up to 51.1% CR2O3 over 48.0 metres.

FREEWEST-SPIDER-KWG JV PROPERTY AND FREEWEST-NORONT JV PROPERTY:

A recent Diamond drilling program completed by Spider Resources and KWG Resources on the Freewest-Spider-KWG joint-venture resulted in the expansion of a new chromite zone hosted in peridotite. To date, high-grade chromite mineralization has been traced over a strike length of 250 metres and to a vertical depth of close to 300 metres. Hole FW-08-07 yielded 30.73% CR2O3 over 14.4 metres while FW-08-05 cut 35.6% CR2O3 over 7.5 metres. One of the more recent drill holes completed on the zone cut 45.6 metres of massive chromite in FW-08-14. (see Freewest News Release dated August 20, 2008). The chromite zone remains open-ended along strike and to depth. Drilling continues on the chromite zone in efforts to expand the area of mineralization with the near-term objective of completing a 43-101 compliant mineral resource estimate on the chromite before year-end.

In addition to further drilling on the chromite zone, several other quality geophysical targets will be drill-tested for their nickel-copper-platinum group element potential.

Spider and KWG may earn a 50% interest in the property by spending $3.0 million on exploration over a 4-year period. They may earn a 60% interest by delivering a bankable feasible study on any mineralization found and a cumulative 65% interest, by arranging project financing on behalf of Freewest to put such mineralization into commercial production.

Freewest and Noront recently agreed to jointly explore a key airborne geophysical anomaly situated near the common boundary of the FWR Property and adjacent land owned by Noront Resources Ltd. Under the agreement terms, Freewest and Noront contributed 68 and 70 acres of their properties respectively, to form the joint-venture (Freewest-Noront JV Property).

The joint-venture property covers a prominent bulls-eye shaped magnetic anomaly resembling the magnetic signature associated with the Eagle One deposit. Deep-penetrating electromagnetic surveys (TDEM) will be completed over the magnetic anomaly to help prepare this target for Diamond drilling, anticipated to occur in the late fall of 2008.

Donald Hoy, P. Geo. (Ontario),Vice President of Exploration and a Director of Freewest Resources Canada Inc. is the Qualified Person (under National Instrument 43-101) on the McFaulds project and is responsible for the preparation of this news release.

Freewest is a well-financed mineral exploration corporation exploring for gold and base-metals within eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest's shares are listed on the TSX Venture Exchange under the symbol FWR.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

For more information, please contact
Freewest Resources Canada Inc.
Mackenzie I. Watson
President and CEO
(514) 878-3551 or 1-888-878-3551
(514) 878-4427 (FAX)
Email: info@freewest.com
Website: http://www.freewest.com

or

AGORACOM
Investor Relations
Email: FWR@agoracom.com
Website: http://agoracom.com/ir/freewest


   
   
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Freewest Resources IR HUB


   


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Freewest Resources Canada Inc.

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Freewest Resources is a gold and copper exploration company based in Canada.

Freewest Resources holds various exploration projects in Canada.

Its main exploration properties are LIZAR, SUNGOLD, LAROSE PROPERTY, GEORGE RIVER, BARRY - URBAN (WINDFALL), DALHOUSIE, CLAW LAKE, GOLDEN RIDGE, VERNEUIL TOWNSHIP, MC FAULD'S LAKE, CLARENCE STREAM, PLASTER ROCK, CROON LAKE and CAN-FER in Canada.

Freewest Resources is listed in Canada. Its market capitalisation is CA$ 191.3 millions as of today (US$ 190.3 millions, € 135.2 millions).

Its stock quote reached its lowest recent point on December 05, 2008 at CA$ 0.12, and its highest recent level on December 18, 2009 at CA$ 0.99.

Freewest Resources has 214 900 000 shares outstanding.

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Annual reports of Freewest Resources Canada Inc.
2007 Annual Report
Financings of Freewest Resources Canada Inc.
6/4/2009Completes $5.16 Million Private Placement
2/26/2009Retains Investor-Relations Firm And Proposes To Extend Expir...
12/31/2008Announces Closing of $2,300,000 Private Placement
3/6/2008Announces Closing of $3 Million Private Placement
1/11/2008 Engages PowerOne Capital Markets for Private Placement of U...
12/7/2007Announces Private Placement for a Maximum of $800,000
10/31/2007 Announces Second Closing of $800,000 Private Placement With...
10/23/2007Announces Closing of $500,000 "Flow-Through" Private Placeme...
7/30/2007Announces Closing of $1 Million "Flow-Through" Private Place...
Option Grants of Freewest Resources Canada Inc.
1/21/2009Grants Stock Options
9/2/2008Grants Stock Options
Project news of Freewest Resources Canada Inc.
10/26/2009(Mc Fauld's Lake)Commence Drilling of Prospective Airborne Geophysical Anomal...
10/15/2009(Mc Fauld's Lake)Continues to Generate Excellent Drill Results at Black Thor
9/17/2009(Mc Fauld's Lake)Reports Additional Excellent Drill Results From its 100%-Own...
8/11/2009(Mc Fauld's Lake)Diamond Drilling Activity on Its 100%-Owned McFaulds Propert...
6/30/2009(Mc Fauld's Lake)Resumes Diamond Drilling on Its 100%-Owned McFaulds
6/2/2009Intersects 34.1% Cr2O3 Over 174 Metres at Black Thor
2/5/2009Intersects 30.0% Cr2O3 Over 124 Metres at Black Thor
1/9/2009(Clarence Stream)Intersect 8.24 g/t Gold Over 5.00 Metres in Deeper Drilling ...
12/15/2008High-Grade Chromite Intersections Continue To Outline
12/10/2008(Mc Fauld's Lake)Updates Exploration Activities on Its 100%-Owned McFaulds Pr...
11/26/2008(Mc Fauld's Lake)INTERSECTS 40.4% OVER 46.3 METRES AT THE BLACK THOR CHROMIT...
11/21/2008Resume Diamond Drilling on Its 100%-Owned McFaulds Property ...
11/7/2008(Mc Fauld's Lake)Updates Exploration Activity on Its 100%-Owned McFaulds Prop...
11/6/2008(Mc Fauld's Lake)Updates Exploration Activity on Its 100%-Owned McFaulds
9/29/2008Intersects 110 Metres of Chromite
9/15/2008 Intersects 100 Metres Of Chromite Mineralization In First H...
9/10/2008(Mc Fauld's Lake)Commences Diamond Drilling on its 100%-Owned McFaulds Proper...
5/14/2008(Mc Fauld's Lake)Noront and Freewest to Jointly Explore Key Airborne Geophysi...
3/19/2008 Near Surface High Grade Gold Intersected On Noront-Freewest...
3/6/2008(Mc Fauld's Lake)Interpretation of Airborne Geophysical Surveys Completed on ...
2/29/2008(Clarence Stream) Intersects 7.98 G/T Gold Over 12 Metres in Deeper Drilling ...
1/10/2008(Clarence Stream)and Rockport Set to Resume Diamond Drilling at Clarence Stre...
12/21/2007(Sungold)Partners With a Major Mining Company to Further Explore its ...
12/18/2007(Golden Ridge)Explore its Golden Ridge Property in New Brunswick and Maine
10/3/2007(Clarence Stream)Drilling Demonstrates Excellent Potential for Deep Gold Zone...
8/13/2007(Clarence Stream) Intersects 6.59 g/t Gold Over 7.00 Metres in Deeper Drillin...
6/5/2007(Lizar)Options Lizar Gold-Based Metal Property in Northwestern Onta...
2/28/2007Intersects 12.45 g/t Gold Over 4.50 Metres and 12.51 g/t Gol...
Corporate news of Freewest Resources Canada Inc.
1/27/2010Cliffs Acquisition of Freewest Completed
1/26/2010Obtains Final Order for Arrangement With Cliffs Natural Reso...
1/25/2010To apply for final order from Court on January 26
1/14/2010Reminds Shareholders to Vote for Plan of Arrangement
10/14/2009Attending The World Money Show In Toronto
10/14/2009Finds New Partner in Eagle Hill
2/12/2009CEO Interview February 12, 2009
1/16/2009 Significant Chromite Intersections Returned From Two Additi...
11/20/2008Attending Hard Assets Investment Conference - San Francisco
9/26/2008More Massive Chromitite
8/20/2008Spider and KWG Intersect 45.6 Metres of Massive Chromite
7/22/2008Drilling Resumes on Nickel Chrome Prospect
7/9/2008Updates Exploration Activities on Its McFaulds Project in On...
6/13/2008and Rockport Announce Increase in Mineral Resources
6/11/2008Spider, KWG and Freewest Intersect 30.73% Chrome
4/30/2008and Rockport Continue to Expand Deep Zone and Intersect 17.2...
4/8/2008Spider, KWG and Freewest Provide Drill Update on Freewest Op...
4/2/2008Attend The Calgary Resource Investment Conference April 12 &...
3/13/2008Mackenzie Watson to Appear on BBN TV's Commodities Report
2/4/2008 KWG, Spider and Freewest Start Winter Exploration Program
1/28/2008Freewest Resources Press Release - January 28, 2008
12/20/2007Acquires New Volcanic-Hosted Massive Sulphide Occurrence at ...
11/1/2007New Uranium Corridor on its Thor Property in Northwestern On...
10/22/2007 Spend $7.5 Million to Gold Properties in New Brunswick
10/9/2007Announces Filing of Quest Uranium Corporation Preliminary Pr...
10/1/2007Prioritizes Exploration Targets on its Mcfaulds Property, On...
7/11/2007Acquires Croon Lake Uranium Property in Northwestern Ontario...
5/23/2007Acquires Dalhousie Mountain Nickel-Copper-Vanadium Property ...
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