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MONTREAL,
QUEBEC--(Marketwire
- Oct. 3, 2007) - Freewest Resources Canada Inc. (TSX VENTURE:FWR)
HIGHLIGHTS:
- Deepest drilling to date at Clarence Stream
intersects significant gold mineralization between the 200 and
300-metre level; all zones remain completely open-ended at depth and
along strike
- Intercepts include 6.59 g/t gold over 7.00 metres, 3.57 g/t gold over
7.00 metres and 3.04 g/t gold over 6.00 metres
Mackenzie I. Watson, President and CEO of Freewest Resources Canada
Inc. (FWR:TSX-V) (the "Company"), is pleased to announce the
complete results of a deep drilling program, recently completed on it's
Clarence Stream property (the
"Property"). The wholly-owned Property consists of 11,296
hectares and is located close to infrastructure, 70 kilometres
southwest of the City of Fredericton in
south-western New Brunswick.
The objective of this recent phase of drilling was to test the deeper
levels of the gold-bearing system at vertical depths ranging from 200
to 300 metres, in the Central Zone locale. Specifically, it tested a
small portion of a 2000 metre-long high-strain zone that hosts the
Central Zone and a number of other gold deposits, known as the proximal
deposits. The complete results of the drilling are as follows:
--------------------------------------------------------------------------- Hole No. Coordinates Dip From To Interval Gold (metres) (metres) (metres) (metres) (g/t) Comments (1) --------------------------------------------------------------------------- CS07-262 L800E, 250N -45 153.00 159.00 6.00 4.43 visible (2) degrees Incl. gold, 153.00 156.50 3.50 7.31 intersection at vertical depth of 117 metres --------------------------------------------------------------------------- CS07-263 L775E, 300N -45 193.50 195.50 2.00 47.28 visible (2) degrees gold, intersection at vertical depth of 140 metres --------------------------------------------------------------------------- CS07-264 L750E, 400N -50 286.50 293.50 7.00 6.59 visible (2) degrees gold, intersection at vertical depth of 210 metres --------------------------------------------------------------------------- CS07-265 L650E, 403N -50 281.00 288.00 7.00 3.59 Visible (2) degrees Incl. gold, 281.00 283.00 2.00 7.72 intersection at vertical depth of 208 metres --------------------------------------------------------------------------- CS07-266 L750E, 325N -45 209.75 210.75 1.00 3.00 intersection degrees at vertical depth of 155 metres --------------------------------------------------------------------------- CS07-267 L750E, 400N -65 354.65 356.75 2.00 6.90 intersection degrees at vertical depth of 320 metres --------------------------------------------------------------------------- CS07-268 L700E, 400N -50 271.00 277.00 6.00 3.04 intersection degrees at vertical depth of 210 metres --------------------------------------------------------------------------- CS07-269 L700E, 400N -65 326.50 330.50 4.00 3.50 intersection degrees at vertical depth of 295 metres --------------------------------------------------------------------------- CS07-270 L650E, 400N -65 294.50 302.00 7.50 1.49 intersection degrees at vertical depth of 200 metres --------------------------------------------------------------------------- (1) Assays performed by ALS Chemex of Val d'Or, Quebec using the fire assay method using 30 grams of prepared sample (2) Previously reported in Freewest News Release dated August 8, 2007
Highlighting the drilling results are
intercepts of 6.59 g/t gold over 7.00 metres, 47.28 g/t gold over 2.00
metres (earlier reported in Freewest news release of August 8, 2007) as
well as 3.04 g/t gold over 6.00 metres and 6.90 g/t gold over 2.00
metres. Gold mineralization occurs in quartz veins and stock-work
hosted within deformed gabbro and microgranite dikes and sills,
intruding biotite-cordierite hornfels. The gold zone defined by the
deep drilling program remains completely open at depth and along
strike.
A longitudinal section illustrating the location and gold tenor of the
deep gold zone comprise part of this news release and can be viewed on
the website at www.freewest.com.
Click here to view section.
CURRENT AND FUTURE WORK:
Diamond drilling will continue to text the proximal gold deposits at
vertical depths of 200 to 300 metres, utilizing 50 to 100-metre
step-outs in relation to the recently completed drill holes, with the
objective of expanding the dimensions of the gold zones to ultimately
increase their contained gold resource. A primary goal of the Company
at Clarence
Stream is to
update the 43-101 compliant mineral resource estimate from the early
2006 Roscoe Postle Associates calculation. It is anticipated that an
updated mineral resource will be available in late 2007 or early 2008.
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 company exploring for
gold, base-metals and uranium 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 press release.
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