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Freewest Resources Canada Inc.

Publié le 06 mars 2008

Interpretation of Airborne Geophysical Surveys Completed on its McFaulds Properties

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March 06, 2008

Freewest Resources - Press Release

 


Freewest's Interpretation of Airborne Geophysical Surveys Completed on its McFaulds Properties, Reveal Numerous Anomalies

 

 

 

MONTREAL, QUEBEC--(March 6, 2008) - Mackenzie I. Watson, President and CEO of Freewest Resources Canada Inc. (TSX VENTURE:FWR) (the "Company") is pleased to provide an exploration update on the Company's activities, currently ongoing on its McFaulds properties (the "Property").

The Property consists of 9 mineral claims situated 3.8 kilometres northeast of the Eagle One and Eagle Two nickel-copper-platinum group element (PGE) occurrences of Noront Resources Ltd. Four (4) of the claims are wholly-owned by Freewest (Freewest claims), while the remaining 5 claims are under option to Spider Resources Inc. and KWG Resources Inc. (Freewest JV claims). Spider and KWG may earn a 50% interest in the 5 claims from Freewest by spending $3,000,000 on exploration over a 4-year period. They may earn a 60% interest by delivering a bankable feasibility study on any mineralization identified and a cumulative 65% interest by arranging project financing for Freewest to place such mineralization into commercial production. The Property is located in the Sachigo greenstone belt, 300 kilometres north of Nakina in the James Bay Lowlands of northern Ontario.

EAGLE COPPER-NICKEL-PGE DEPOSITS

The first discovery by Noront, known as Eagle One, has yielded some exceptional grades including 5.90% nickel, 3.10% copper, 2.87 g/t platinum and 9.78 g/t palladium over 68.3 metres (NOT-07-05) as well as 6.30% nickel, 2.80% copper, 1.90 g/t platinum and 10.20 g/t palladium over 46.2 metres in drill hole NOT-07-27. The deposit occurs in ultramafic rocks described as peridodite, within the basal lower-most portion of the volcanic pile comprising the greenstone belt.

Noront recently announced the discovery of a second nickel-copper massive sulphide occurrence known as Eagle Two, situated 2 kilometres southwest of Eagle One. To date, 4 drill holes have yielded semi-massive to massive sulphides over widths of 3 to 26 metres in deformed, altered peridotite, containing pyrrhotite, magnetite, chalcopyrite and pentlandite. Significantly, 3 of the 4 drill holes intersected chromitite layers and seams, closely associated with semi-massive and massive sulphide zones of mineralization.

Both of the Eagle One and Eagle Two occurrences are intimately associated with discrete magnetic anomalies (magnetic highs) and coincident electromagnetic anomalies known as conductors.

AIRBORNE GEOPHYSICAL SURVEY INTERPRETATION

Freewest recently completed a compilation and interpretation of two airborne geophysical surveys flown for the Company, namely the Fugro Airborne survey in 2004 and the Aeroquest International Limited survey in late 2007..

Based on the airborne geophysical surveys and geological evidence, it is clear that the Property covers the northeast extension of the peridodite that hosts the Eagle One and Eagle Two occurrences. Both the Freewest claims, as well as the Freewest JV claims, contain numerous anomalies that are similar to the geophysical signature obtained over the Eagle One occurrence, specifically, a coincident magnetic high and conductor (Figure 1). These anomalies are of prime exploration interest and are obvious targets for diamond drilling.

Figure 1 is part of this news release and is posted on the Freewest website at
http://www.freewest.com

Lending further support to the geophysical anomaly similarities between Eagle One and those on the Property is the geological evidence yielded in drill hole FW-06-03. This drill hole was completed on the Freewest JV claims by the operator in 2006 and intersected 2 chromitite layers, capping a thick section of peridotite. Limited sampling of the chromitites returned high chrome values and anomalous levels of nickel, copper and platinum-group-elements. The drill test clearly demonstrates the presence of magmatic styles of mineralization occurring within peridotite and highlights the importance of the chromitite horizon intersections, particularly in light of the recent results obtained by Noront at Eagle Two.

The Company also completed a detailed interpretation of the preliminary data generated by the Aeroquest survey. The interpretation reveals numerous northeast-trending conductor panels and coincident magnetic anomalies, including 8 on the Freewest JV claims and 5 on the Freewest claims (Figure 2). The location of these anomalies indicates that they are all situated close to the base of the volcanic pile within peridotite, the same geological setting as at Eagle One and Eagle Two.

Figure 2 is part of this news release and is posted on the Freewest website at
http://www.freewest.com

FUTURE WORK

Freewest is currently completing detailed ground geophysical surveys on the Freewest claims in preparation for diamond drilling. These include ground magnetic, horizontal-loop electromagnetic (HLEM) and high-power deep electromagnetic surveys (deepEM). It is anticipated that some of these surveys will be completed shortly, enabling the completion of an initial diamond drilling program testing some of the targets before spring break-up.

Similarly, on the Freewest JV claims, Spider Resources Inc. and KWG Resources Inc. have completed line cutting and subsequent magnetic and HLEM surveys in the locate of the chromitite occurrence (FW-06-03) and on the conductor adjoining drill hole FW-06-03. Drilling is anticipated to commence on Friday of this week.

Results for both properties will be released as they become available.

Freewest is a well-financed mineral exploration company 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.

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.

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

 

 

 

 

 

 

FEATURED LINKS

Freewest Resources Web Site

Freewest Resources IR HUB

 

 

 

 

 


Freewest Resources Canada Inc.

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CODE : FWR.V
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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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