Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en

Freewest Resources Canada Inc.

Publié le 13 juin 2008

and Rockport Announce Increase in Mineral Resources

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Canada | Indium |
June 13, 2008
Freewest Resources - Press Release


Freewest and Rockport Announce Increase in Mineral Resources as Well as Resource Expansion Plan at Clarence Stream, New Brunswick


HIGHLIGHTS:

- 37% increase in Indicated Mineral Resources and 38% increase in Inferred Mineral Resources over the previous estimates in 2006

- Drilling completed since the resource update have expanded the limits of mineralization yielding results of 7.11 g/t gold over 5.00 metres and 16.60 g/t gold over 2.00 metres

- Rockport is funding an aggressive $5.0 million exploration and resource expansion drilling program in 2008 with the objective of increasing the Property's mineral resource to the 1 million-ounce-plus range


MONTREAL, QUEBEC, CANADA-( June 13, 2008) - Freewest Resources Canada Inc. (TSX VENTURE:FWR) and Rockport Mining Corp. ("Rockport") today announce the results of an updated mineral resource estimate for the Clarence Stream property (the "Property"). The Property comprising 11,296 hectares is located close to infrastructure, 70 kilometres southwest of Fredericton and 20 kilometres east of the Mount Pleasant tin-tungsten-molybdenum-indium facility in Charlotte County, southwestern New Brunswick.
UPDATED MINERAL RESOURCE ESTIMATE:

The updated 43-101 compliant mineral resource estimate contains an Indicated Mineral Resource of 815,000 tonnes at a grade of 6.85 g/t gold (cut) yielding 179,000 ounces of gold. Inferred Mineral Resources are estimated to total 660,000 tonnes grading 5.94 g/t gold (cut) containing 126,000 ounces of gold. An Indicated Mineral Resource of 114,000 tonnes grading 2.9% antimony amounting to 7,300,000 pounds of antimony was also calculated for the AD Zone, one of the Distal deposits. The details of the updated gold mineral resource estimate are tabled below.



Scott Wilson Roscoe Postle Associates (Scott Wilson RPA) updated the mineral resource estimate at Clarence Stream as of February 14, 2008, utilizing a drill hole data base comprising 393 core holes, totaling 40,750 metres. A set of cross sections and plan views were interpreted to construct three-dimensional grade-shell wireframe models at a cut-off grade of 3.0 g/t gold, to a minimum thickness of two metres. High gold grades were cut to 30 g/t gold prior to compositing. Block model gold grades within the wireframe models were estimated by inverse distance squared. Classification into the indicated and inferred categories was guided by the drill hole density and the apparent continuity of the mineralized zones.

MINERAL RESOURCE EXPANSION TARGETS:

Drilling to date has identified 2 distinct deposit clusters known as the Proximal deposits and the Anomaly-A, or Distal deposits. The limits of gold mineralization have yet to be defined at either of the deposit clusters. Twenty-five (25) mineralized lenses comprise the Proximal deposits, occurring over a minimum strike length of 3.6 kilometres, striking east-northeast and dipping steeply to the north. Most of these mineralized zones are open along strike and to depth, clearly indicating excellent potential for resource expansion (Figure 1).

Drilling is continuing at Clarence Stream utilizing 2 drill rigs in an accelerated plan to increase the mineral resource to the 1 million-ounce-plus range. Recent drilling totaling 25 holes have been completed since the February 2008 mineral resource. Such drilling has further increased the dimensions of the Deep Lens and added to the mineral resource, attesting to the depth potential of this large gold-bearing system. Additional new drill intercepts obtained from the Deep lens include 7.11 g/t gold over 5.00 metres (CS08-273), 4.48 g/t gold over 4.00 metres (CS08-289), 16.60 g/t gold over 2.00 metres (CS08-290) and 3.50 g/t gold over 4.00 metres in drill hole CS08-284. Drilling will continue to test this lens at depth as well as stepping out along strike to the southwest.

An additional prime target for resource expansion among the Proximal deposits is the East Zone. Here, drilling has been completed to very shallow depths (less than 100 metres) and has returned such intercepts of 20.76 g/t gold over 2.00 metres and 12.45 g/t gold over 4.50 metres. Diamond drilling will be completed at depth at this target and will also test for an eastern extension of the gold-bearing structure.

The Anomaly-A or Distal deposit cluster is dominated by the AD-MW lens, a bowl-shaped structure with an average vertical thickness of about 3 metres. Mineralization at this lens is all located within 100 metres of surface and remains open for expansion down-plunge and along strike (Figure 2).

Figures 1 and 2 comprise part of this news release and are posted on the Freewest website at http://www.freewest.com

Mackenzie I. Watson, President and CEO of Freewest Resources Canada Inc. stated: "The updated mineral resource estimate by Scott Wilson RPA provides us with a significant increase in gold resources over that calculated in 2006. We look forward to continued drilling success and reaching our target of exceeding the 1 million-ounce resource level during 2008.."

To accomplish this, Rockport is currently funding an aggressive first-year $5,000,000 exploration and resource expansion program at Clarence Stream in an effort to increase the property's mineral resource to the 1 million-ounce-plus range. Rockport may earn a 30% interest in the Property by spending $3,000,000 on exploration before October 2008 and a cumulative 50% interest by spending an additional $4,500,000 on exploration prior to October 2011. A cumulative 65% interest may be obtained by Rockport funding the Property through to a feasibility study. Rockport is a well-funded private St. Andrews-based (New Brunswick) mineral exploration company.

Glen Lutes, P. Geo. (New Brunswick) is the qualified person on-site at the Clarence Stream property. Donald Hoy, P. Geo. (Ontario), Vice President of Exploration and a Director of Freewest Resources Canada Inc. is responsible for the preparation of this news release. This release has been approved by David Ross, P.Geo., Senior Geologist with Scott Wilson RPA.

Freewest is a well-funded mineral exploration corporation, with working capital in excess of $8 million, exploring for gold and base-metals in Eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest' shares are listed on the TSX Venture Exchange under the symbol FWR.

The TSX Venture Exchange has not approved and does not accept responsibility for the adequacy of this press release.

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

or

Rockport Mining Corp.
Henry A. Miller
President and CEO
506-529-8206
506-529-8595 (FAX)

   
   
FEATURED LINKS

Freewest Resources Web Site

Freewest Resources IR HUB


   


Contact Us

You are subscribed as .com




.
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Freewest Resources Canada Inc.

EXPLORATEUR
CODE : FWR.V
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Freewest Resources est une société d’exploration minière d'or et de cuivre basée au Canada.

Freewest Resources détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont 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 et CAN-FER au Canada.

Freewest Resources est cotée au Canada. Sa capitalisation boursière aujourd'hui est 191,3 millions CA$ (190,3 millions US$, 135,2 millions €).

La valeur de son action a atteint son plus bas niveau récent le 05 décembre 2008 à 0,12 CA$, et son plus haut niveau récent le 18 décembre 2009 à 0,99 CA$.

Freewest Resources possède 214 900 000 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Rapports annuels de Freewest Resources Canada Inc.
2007 Annual Report
Financements de Freewest Resources Canada Inc.
04/06/2009Completes $5.16 Million Private Placement
26/02/2009Retains Investor-Relations Firm And Proposes To Extend Expir...
31/12/2008Announces Closing of $2,300,000 Private Placement
06/03/2008Announces Closing of $3 Million Private Placement
11/01/2008 Engages PowerOne Capital Markets for Private Placement of U...
07/12/2007Announces Private Placement for a Maximum of $800,000
31/10/2007 Announces Second Closing of $800,000 Private Placement With...
23/10/2007Announces Closing of $500,000 "Flow-Through" Private Placeme...
30/07/2007Announces Closing of $1 Million "Flow-Through" Private Place...
Attributions d'options de Freewest Resources Canada Inc.
21/01/2009Grants Stock Options
02/09/2008Grants Stock Options
Projets de Freewest Resources Canada Inc.
26/10/2009(Mc Fauld's Lake)Commence Drilling of Prospective Airborne Geophysical Anomal...
15/10/2009(Mc Fauld's Lake)Continues to Generate Excellent Drill Results at Black Thor
17/09/2009(Mc Fauld's Lake)Reports Additional Excellent Drill Results From its 100%-Own...
11/08/2009(Mc Fauld's Lake)Diamond Drilling Activity on Its 100%-Owned McFaulds Propert...
30/06/2009(Mc Fauld's Lake)Resumes Diamond Drilling on Its 100%-Owned McFaulds
02/06/2009Intersects 34.1% Cr2O3 Over 174 Metres at Black Thor
05/02/2009Intersects 30.0% Cr2O3 Over 124 Metres at Black Thor
09/01/2009(Clarence Stream)Intersect 8.24 g/t Gold Over 5.00 Metres in Deeper Drilling ...
15/12/2008High-Grade Chromite Intersections Continue To Outline
10/12/2008(Mc Fauld's Lake)Updates Exploration Activities on Its 100%-Owned McFaulds Pr...
26/11/2008(Mc Fauld's Lake)INTERSECTS 40.4% OVER 46.3 METRES AT THE BLACK THOR CHROMIT...
21/11/2008Resume Diamond Drilling on Its 100%-Owned McFaulds Property ...
07/11/2008(Mc Fauld's Lake)Updates Exploration Activity on Its 100%-Owned McFaulds Prop...
06/11/2008(Mc Fauld's Lake)Updates Exploration Activity on Its 100%-Owned McFaulds
29/09/2008Intersects 110 Metres of Chromite
15/09/2008 Intersects 100 Metres Of Chromite Mineralization In First H...
10/09/2008(Mc Fauld's Lake)Commences Diamond Drilling on its 100%-Owned McFaulds Proper...
14/05/2008(Mc Fauld's Lake)Noront and Freewest to Jointly Explore Key Airborne Geophysi...
19/03/2008 Near Surface High Grade Gold Intersected On Noront-Freewest...
06/03/2008(Mc Fauld's Lake)Interpretation of Airborne Geophysical Surveys Completed on ...
29/02/2008(Clarence Stream) Intersects 7.98 G/T Gold Over 12 Metres in Deeper Drilling ...
10/01/2008(Clarence Stream)and Rockport Set to Resume Diamond Drilling at Clarence Stre...
21/12/2007(Sungold)Partners With a Major Mining Company to Further Explore its ...
18/12/2007(Golden Ridge)Explore its Golden Ridge Property in New Brunswick and Maine
03/10/2007(Clarence Stream)Drilling Demonstrates Excellent Potential for Deep Gold Zone...
13/08/2007(Clarence Stream) Intersects 6.59 g/t Gold Over 7.00 Metres in Deeper Drillin...
05/06/2007(Lizar)Options Lizar Gold-Based Metal Property in Northwestern Onta...
28/02/2007Intersects 12.45 g/t Gold Over 4.50 Metres and 12.51 g/t Gol...
Communiqués de Presse de Freewest Resources Canada Inc.
27/01/2010Cliffs Acquisition of Freewest Completed
26/01/2010Obtains Final Order for Arrangement With Cliffs Natural Reso...
25/01/2010To apply for final order from Court on January 26
14/01/2010Reminds Shareholders to Vote for Plan of Arrangement
14/10/2009Attending The World Money Show In Toronto
14/10/2009Finds New Partner in Eagle Hill
12/02/2009CEO Interview February 12, 2009
16/01/2009 Significant Chromite Intersections Returned From Two Additi...
20/11/2008Attending Hard Assets Investment Conference - San Francisco
26/09/2008More Massive Chromitite
20/08/2008Spider and KWG Intersect 45.6 Metres of Massive Chromite
22/07/2008Drilling Resumes on Nickel Chrome Prospect
09/07/2008Updates Exploration Activities on Its McFaulds Project in On...
13/06/2008and Rockport Announce Increase in Mineral Resources
11/06/2008Spider, KWG and Freewest Intersect 30.73% Chrome
30/04/2008and Rockport Continue to Expand Deep Zone and Intersect 17.2...
08/04/2008Spider, KWG and Freewest Provide Drill Update on Freewest Op...
02/04/2008Attend The Calgary Resource Investment Conference April 12 &...
13/03/2008Mackenzie Watson to Appear on BBN TV's Commodities Report
04/02/2008 KWG, Spider and Freewest Start Winter Exploration Program
28/01/2008Freewest Resources Press Release - January 28, 2008
20/12/2007Acquires New Volcanic-Hosted Massive Sulphide Occurrence at ...
01/11/2007New Uranium Corridor on its Thor Property in Northwestern On...
22/10/2007 Spend $7.5 Million to Gold Properties in New Brunswick
09/10/2007Announces Filing of Quest Uranium Corporation Preliminary Pr...
01/10/2007Prioritizes Exploration Targets on its Mcfaulds Property, On...
11/07/2007Acquires Croon Lake Uranium Property in Northwestern Ontario...
23/05/2007Acquires Dalhousie Mountain Nickel-Copper-Vanadium Property ...
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TSX-V (FWR.V)
0,890-1.11%
TSX-V
CA$ 0,890
26/01 17:50 -0,010
-1,11%
Cours préc. Ouverture
0,900 0,880
Bas haut
0,870 0,920
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  0,890 -%
Volume var. 1 mois
5 117 102 -%
24hGold TrendPower© : 2
Produit
Développe
Recherche Antimony - Copper - Diamonds - Gold - Nickel - Palladium - Platinum - Uranium - Vanadium - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 23/01/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,70 AU$-0,65%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
12,26 US$+2,68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,53 GBX-1,87%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,06 CA$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,64 CA$-1,86%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
16,23 CA$+4,04%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,24 CA$+4,26%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,20 AU$+2,63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,88 CA$+0,53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
52,71 US$+0,19%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+5,56%Trend Power :