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Freewest Resources Canada Inc.

Publié le 30 avril 2008

and Rockport Continue to Expand Deep Zone and Intersect 17.25 g/t Gold

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April 30, 2008

Freewest Resources - Press Release

 


Freewest and Rockport Continue to Expand Deep Zone and Intersect 17.25 g/t Gold Over 5 Metres in New Zone, at Clarence Stream, New Brunswick

http://images.cmpgnr.com/583043279/Free1193852935006.gif

 

 

MONTREAL, QUEBEC, CANADA-(April 30, 2008) - Mackenzie I. Watson, President and CEO of Freewest Resources Canada Inc., (TSX VENTURE:FWR) and Henry A. Miller, COO of Rockport Mining Corp. ("Rockport"), today report the results of additional diamond drilling completed on the Clarence Stream gold property (the "Property"). The Property comprising 11,296 hectares is located close to infrastructure, 70 kilometres southwest of Fredericton and 10 kilometres east of the Mount Pleasant tin-tungsten-molybdenum-indium facility in Charlotte County, southwestern New Brunswick.

Management is further encouraged by the resource expansion of the Deep Zone and by the discovery of the New Zone which returned 17.25 g/t Au over a width of 5.00 metres in CS08-290. Collectively, continued drilling of both zones along strike and to depth should significantly add to the gold mineral resource at Clarence Stream, a prime goal of the 2008 drilling campaign. In addition, planned drilling will continue to test the mineralized trend along it's 15 km length in areas such as the East Zone where previous shallow drilling encountered mineralization grading 12.51 g/t Au over a width of 3.0 metres (CS07-246) and 12.45 g/t Au over 4.5 metres (CS07-240).

Previous drilling along this 15 km trend has been shallow, generally above the 100 meter level. The continued success of the current "deeper" drill program has demonstrated the scale of this large gold system and its resource potential at depth. Rockport Mining Corp. is currently funding an aggressive first-year $3,000,000 exploration program at Clarence Stream under the operatorship of Freewest. The prime objective is to increase the project's mineral resource to the million-ounce plus range during 2008. Due to the ongoing success, Freewest and Rockport are currently outlining plans to further accelerate the resource expansion drilling at Clarence Stream.

Recent drilling was directed at continuing to expand on the dimensions of the Deep Zone. Highlighting the results obtained from prior drilling of the Deep Zone are drill intercepts of 7.98 g/t Au over 12.00 metres (CS08-272) and 7.11 g/t Au over 5.00 metres (CS08-273) (see Freewest news release of February 29, 2008). Additional intercepts include 16.60 g/t Au over 2..00 metres (CS08-290), 3.86 g/t Au across 4.00 metres (CS08-289) and 3.50 g/t Au over 4.00 metres, in drill-hole CS08-284. The significant drill results obtained from the recently completed drilling program are summarized below in Table 1.

http://www.agoracom.com/agoraimages/fwr043008a.JPG

The Deep Zone currently has been traced over a strike length of 550 metres (line 500E to line 1050E) and at depths ranging from 200 metres to 450 metres below surface. It currently remains open-ended along strike and to depth (see Figure 1 - Longitudinal Section of the Proximal Deposits is part of this news release and is posted on the Freewest website at www.freewest.com). Mineralization occurs in a high-strain zone in quartz veins, quartz stock-work and disseminations, hosted within biotite-cordierite hornfels as well as microgranite and gabbro dikes and sills.

While drilling the Deep Zone, a new parallel zone of gold mineralization was encountered immediately to the north of the Deep Zone, within its hanging wall. The zone known as the New Zone, has been currently tested over a strike length of close to 650 metres (from line 500E to 1150E) and to a maximum depth of about 300 metres below surface. It too, remains completely open along strike and to depth.

Highlighting the results obtained from the New Zone are drill intercepts of 17.25 g/t Au over a width of 5.00 metres (CS08-290), 3.86 g/t Au over 4.00 metres (CS08-289) and 26.60 g/t Au over a core length of 0.50 metres (CS07-270). The style and nature of mineralization in the New Zone is similar to that of the Deep Zone, with gold occurring in quartz veins and wall-rock disseminations within metasedimentary rocks in close association with microgranite sills. In hole CS08-290, appreciable visible gold occurs with arsenopyrite, sphalerite, pyrite, pyrrhotite and stibnite in sheared recrystallized quartz veins.

The significant drill results obtained from the New Zone are summarized in Table 2 below.

http://www.agoracom.com/agoraimages/fwr043008b.JPG

Under the terms of an agreement with Freewest (October 2007), Rockport may earn a 30% interest in the Property by spending $3,000,000 on exploration on or before October 2008. They may earn a cumulative 50% interest by spending $4,500,000 on exploration prior to October 2011. A cumulative 65% interest may be obtained by Rockport by funding the Property through to a feasible study. Rockport is a well-funded St. Andrews-based 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.

Freewest is a well-funded mineral exploration corporation, with working capital in excess of $9 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 or of this press release.



CONTACT INFORMATION:
Freewest Resources Canada Inc.
Mackenzie I. Watson
President and CEO
514-878-3551 or 1-888-878-3551
Fax: 514-878-4427
info@freewest.com
http://www.freewest.com

or

Rockport Mining Corp.
Henry A. Miller
Chief Operation Officer
506-529-8206
Fax: 506-529-8595

 

 

 

 

FEATURED LINKS

Freewest Resources Web Site

Freewest Resources IR HUB

 

 




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Freewest Resources Canada Inc.

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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.

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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 ...
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