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Freewest Resources Canada Inc.

Publié le 22 juillet 2008

Drilling Resumes on Nickel Chrome Prospect

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Mots clés associés :   Canada | Chrome | Copper | Nickel | Palladium | Precious Metals | Zinc |
July 21, 2008
Freewest Resources - Press Release


Freewest Resources Canada Inc.: Drilling Resumes on Nickel Chrome Prospect 3.5 km North-East of the Noront Nickel Discovery, McFaulds Lake Area, Northern Ontario


TORONTO, ONTARIO-(July 21, 2008) - Freewest Resources Canada Inc. (TSX VENTURE:FWR) "Freewest" and Spider Resources Inc. (TSX VENTURE:SPQ) "Spider" and KWG Resources Inc. (TSX VENTURE:KWG) "KWG" jointly announce that diamond drilling resumed on July 17th on their jointly owned Freewest Option property (the "Property") located in Ontario's James Bay Lowlands. Spider and KWG are funding this project as per a tri-party joint venture agreement with Freewest.

The current drill program is designed to delineate the layered chrome occurrence discovered by Spider and KWG in 2006 in a portion of a mafic / ultramafic intrusive body who's magnetic signature and structure has been designated as the Ring of Fire Intrusive ("RFI") and which hosts the Eagle One and the Eagle Two Nickel Copper PGM occurrences of Noront as well as Noront's newly discovered Blackbird One chrome occurrence announced on May 27, 2008 (drill hole # NOT-08-1G17 includes 49.4 meters averaging 39.1% Cr2O3 (27.4% Cr) including anomalous nickel and palladium).

The focus of the Spider-KWG drill program will be to further evaluate this Cr-PGE-Ni occurrence, exploring it to greater depths and along strike and to continue the testing of several of the other anomalies on the property. The current drilling is approximately 3.5 kilometres northeast of Noront Resources Ltd.'s ("Noront") Eagle One discovery where Noront recently announced (July 4, 2008) an indicated resource of 1.83 million tonnes with an average grade of 1.96% nickel, 1.18% copper, 1.12 g/t Pt, 3.91 g/t Pd, as well as an inferred resource of 1.09 million tonnes with an average grade of 2.39% nickel, 1.27% copper, 1..37 g/t Pt and 4.5 g/t Pd. The drilling is also located approximately 15 kilometres southwest of the McFaulds Lake volcanogenic massive sulphide ("VMS") occurrences where Spider, KWG and UC Resources Ltd. ("UC") announced an indicated resource of 802,000 tonnes with an average grade of 3.75% copper and 1.1% zinc at their jointly owned McFaulds #3 deposit, (see press release dated 15 July 2008).

As announced earlier by Spider KWG and Freewest (June 11, 2008) massive chromitite layers were encountered in hole FW-08-07 (Cr2O3 grades as high as 30.73% over 14.4 metres) in an altered peridotite sill interpreted to be part of the RFI, Other layers located within this Intrusive-complex show enrichment in precious metals as high as 2.183 g/t (Pt + Pd + Au) over 9.0 metres and Nickel up to 0.21% Nickel over 3.6 meters. For additional drill-hole results see our press releases of May 2, 2008 and June 29, 2006.

In light of a regional exploration review and discussions with neighbouring explorers, there is a consensus of opinion that the top of this chromitite layered complex contained in the RFI is likely to the South East, with bottom being towards the North West. Interpretation of the drilling within this portion of the RFI suggests thickening of the chromitite layers to depth (as seen in Noront's Black Bird drilling) and to the northeast.

Chromitite (rock composed mostly of chromite) layers have been intersected in holes FW-06-03, FW-08-05, FW-08-06 and FW-08-07. The chromitite layers now appear to occur as steeply dipping stratiform layers with down dip extent of at least 200 metres and strike length of at least 200 metres (lines 9+00E and 11+00E on the local grid). The chromitite layers vary from narrow seams, a few centimetres thick to massive beds of chromitite greater than 14 metres in drilled thickness (not true width).

Chromitite layers typically accumulate in horizontal layers near the top of peridotite sills and are positioned either laterally to and or above magmatic massive sulphide (Ni-Cu) accumulations with respect to the feeder zone. Several additional weakly mineralized (Ni-Cu) chromite enriched layers have also been noted in the peridotite below the massive chromitite layers encountered in holes 3, 5, 6 and 7. With several intersections of massive chromitite encountered in the earlier drilling, and those anticipated in the current drilling, the drill results can be accurately modelled three dimensionally and analyzed to determine section to section, as well as, hole to hole continuity. Lithogeochemical analysis will also be undertaken in order to join up the various chromitite layers to determine continuity of these potentially economic layers.

The current drill program will in part infill the area between Section 10NE (Holes 3 and 5) as well as 11NE (Hole 7) and 12NE on 50 metre centers. In order to understand more fully the chemical characteristics of the occurrence and how this impacts chrome valuation.. Whole rock analysis of the chrome enriched core must also be undertaken to determine silicate, sulphur and iron content, as these elements affect value of the rock.

Results of ground geophysical surveying coupled with various airborne surveys will be used to design additional drilling on this occurrence as well as testing other anomalies on the rest of the property where we hope to duplicate the success in locating accumulations of Nickel and Copper in the interpreted floor of the RFI sill complex.

SAMPLE PROTOCOL, SECURITY, ANALYSES

All drill holes were logged and samples referred to herein were completed and selected by Howard Lahti Ph..D., P.Geo, of Fredericton New Brunswick. The samples were sawn in half, with half of the core retained for further work and/or storage at the main base camp. The split samples were placed into individual plastic bags, clearly labelled and tagged and then sealed in rice bags where a numbered seal lock was closed by Dr. Lahti. The sealed rice bags were placed in plastic sealed pails and shipped via bonded carrier to Activation Laboratory's (ActLab) new facility in Thunder Bay, Ontario. The samples were then entered into ActLab's system for preparation, processing and analyzing. After initial processing at the Thunder Bay facility of ActLab the samples were shipped via lab - lab bonded courier to ActLab's main laboratory in Ancaster, Ontario. The samples all underwent multi-element analysis using four acid digestion followed by Inductively Coupled Plasma analysis (TD-ICP). Where overlimits in nickel and copper are encountered in the first pass, Optical Emission Spectrometry (ICP-OES) is used to provide the overlimit results, as well as Fire Assay Inductively Coupled Plasma (FA-ICP) for gold, platinum and palladium. Additional analysis using Instrumental Neutron Activation Analysis (INAA) was completed for all samples for their respective chrome grades in excess of 1% chrome. For more information on these analytical techniques please refer to Activation Laboratory website www.actlabs.com.

This press release has been prepared by management of Spider Resources Inc., which is the Operator of the joint venture with KWG during 2008, and has been approved for dissemination by Neil Novak P.Geo, President of Spider and a Qualified Person as such term is defined under National Instrument 43-101, who has reviewed and verified the technical information contained in this press release and has approved the contents of this press 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 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)
Email: info@freewest.com
Website: http://www.freewest.com

   
   
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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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