Freewest Resources Canada Inc.

Published : June 30th, 2009

Resumes Diamond Drilling on Its 100%-Owned McFaulds

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Keywords :   Canada | Chrome | Copper | Diamond | Gold | Iron | K Street | Nickel | Palladium | Platinum |
June 29, 2009
Freewest Resources - Press Release


Freewest Resumes Diamond Drilling on Its 100%-Owned McFaulds Property in the James Bay Lowlands, Northern Ontario


MONTREAL, QUEBEC-(June 29, 2009) - Mackenzie I. Watson, President and CEO of Freewest Resources Canada Inc. (TSX VENTURE:FWR) (the "Company") is pleased to announce that the Company has resumed Diamond drilling on its wholly-owned McFaulds property (the "Property"). Following a seven (7) week shutdown, a minimum of 3 drill rigs will be employed to complete a 20,000-metre Diamond drilling program testing the Black Thor and Black Label chromite zones as well as several nickel-copper-platinum group element (PGE) targets. The Property, consisting of 1,036 hectares, comprises one of three properties in which the Company is currently exploring, on its own and in strategic joint-venture agreements in the emerging 'Ring of Fire' mineral district.

Two of the drill rigs will be employed to test the Black Thor chromite zone. Currently, Black Thor has been drill-tested over an intermittent 2600-metre strike length and to a maximum vertical depth of about 350 metres. It currently remains open-ended along strike and to depth. A residual gravity anomaly intimately associated with chromite mineralization, suggests a potential strike length of 3600 metres for the Black Thor chromite zone. Highlighting recent drill results at Black Thor, is an intercept returning 34.1% Cr2O3 over a core length of 174 metres (see Freewest news release dated June 2, 2009). In addition to Black Thor's robust widths of high-grade chromite mineralization, favourable chrome to iron ratios (Cr:Fe) of up to 2.27 bolster the Company's belief that the Black Thor chromite zone has excellent potential to develop into a world class chromite deposit.

The emphasis on Black Thor drilling will be to continue to expand the limits of chromite mineralization beyond the 2600 metres and also to fill-in the current 200-metre drill spacing at more detailed 100-metre centres, along the same strike length. The immediate goal of all of this, is to complete sufficient drilling at optimal spacing enabling the Company to complete a National Instrument 43-101 compliant mineral resource estimate as soon as practically possible.

The third drill rig will be employed to continue testing several quality geophysical targets believed to be favourable for nickel-copper-PGE mineralization. Several nickel-copper-PGE targets including the F2 zone, have returned strongly anomalous to ore-grade values of nickel, copper as well as platinum and palladium in drilling over narrow widths, occurring as remobilized sulphides within ultramafic rocks. The Company continues to believe that a source area for the remobilized sulphides or a larger mass of nickel-copper sulphides, is present on the Property. Substantial footage of the 20,000 metre Diamond drilling program has been allotted to the search for nickel, copper and PGE.

Additional drilling will also be directed at continued testing of the Black Label chromite zone. Black Label has been traced over an intermittent strike length of 2100 metres and features drill intercepts of 35.4% Cr2O3 over 20 metres (BT-09-26) as well as 34.2% Cr2O3 across 20 metres (BT-09-30). Efforts will be made to complete some fill-in drilling along the 2100-metre strike length and to continue to define the limits of chromite mineralization for this zone. Results will be released as they become available.

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 with over C$8.0 million in working capital. It is actively exploring for gold, base-metals and chromite within eastern Canada. Corporate information can be accessed on the Internet at http://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)
info@freewest.com
http://www.freewest.com

or

Bay Street Connect
Michael D'Amico
Investor Relations
(647) 500-6023

or

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

   
   
FEATURED LINKS

Freewest Resources Web Site

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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