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Freewest Resources Canada Inc.

Publié le 29 septembre 2008

Intersects 110 Metres of Chromite

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Mots clés associés :   Canada | Copper | K Street | Nickel |
September 29, 2008
Freewest Resources - Press Release


Freewest Intersects 110 Metres of Chromite Mineralization in 1.6 Kilometre Step-Out Hole Testing the Black Thor Chromite Zone on Its 100%-Owned McFaulds Property, Northern Ontario


HIGHLIGHTS:

  • Drill hole BT-08-03 contains a 50 metre-wide section of semi-massive and massive chromite within a broader zone of 110 metres of chromite mineralization

  • The Black Thor chromite zone currently has a minimum strike length of 1600 metres and remains open-ended along strike and to depth

MONTREAL, QUEBEC-(Sept. 29, 2008) - Freewest Resources Canada Inc. (TSX VENTURE:FWR) (the "Company") is pleased to announce additional preliminary results obtained from early stage drilling completed on its 100%-owned McFaulds property (the "Property"). The Property consisting of 4 mineral claims or 1036 hectares, comprises one of three properties in which the Company is currently exploring, on its own and in strategic joint-ventures in the emerging "Ring of Fire" metal district. It is located approximately 300 kilometres north of the town of Nakina in the James Bay Lowlands of northern Ontario.

DRILL HOLE BT-08-03:

Drill hole BT-08-03 was completed as a broad step-out testing the continuity of the Black Thor chromite zone 1600 metres to the northeast of the discovery hole, BT-08-01. The latter hole, the first completed by Freewest on the Property, encountered a 100 metre-wide zone of chromite mineralization (see Freewest news release dated September 15, 2008). Drill hole BT-08-01 is located on grid line 11+00 north at station 1+85 west, while the step-out hole BT-08-03, is situated on grid line 27+00 north at station 2+25 west (see Map 1).

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

The highlight of the step-out drill hole is the intersection of a wide zone of disseminated, banded, semi-massive and massive chromite mineralization comprising the on-strike extension of the Black Thor chromite zone. Chromite mineralization is hosted within a continuous northeast to southwest-trending ultramafic sill complex consisting of variably altered peridotite, dunite and pyroxenite. The chromite mineralization overlies highly altered pyroxenite and is in turn overlain by a distinct grayish-coloured talc-chlorite schist (believed to be highly altered ultramafic rocks). A fine-grained mafic dike intruding the mineralized zone may have had a destructive affect on chromite mineralization and has divided mineralization into two sub-zones. The details of the mineralized intercept are as follows:



THE BLACK THOR CHROMITE ZONE:

Chromite mineralization based on core angle orientation, appears to be dipping steeply to the northwest, indicating that intersected widths are fairly close to true widths (85 to 90% of intersected widths). Remarkably, given the 1600-metre along-strike distance between drill holes BT-08-01 and BT-08-03, the hosting lithotypes are very similar and appear to occupy the same relative stratigraphic position within the ultramafic sill. Similarly, the widest zones of semi-massive to massive chromite mineralization are situated at the top (stratigraphically) of the chromite mineralized zone as a whole and are of consistent thickness, including 46.0 metres in hole BT-08-01 and 50.0 metres in BT-08-03. Chromite mineralization remains completely open-ended along strike and to depth.

In terms of geophysical signatures, the Black Thor chromite zone is situated on the southeast margin of a through-going magnetic high, likely manifesting the location of the main ultramafic sill. This magnetic feature on the 100%-owned property, suggests that the sill has a strike length of at least 4 kilometres (see Figure 1). Figure 1 comprises part of this news release and is posted on the Freewest website at www.freewest.com. Additionally, the chromite intercept obtained in BT-08-03, is coincident with a prominent gravity anomaly defined during the course of a limited test survey completed earlier this spring. Clearly, gravity surveys will play an important role in helping to trace the Black Thor chromite zone to assist in diamond drilling. Systematic gravity surveys are planned for the Property immediately following freeze-up, anticipated to be in late November.

OTHER PROSPECTIVE TARGETS ON THE PROPERTY:

The Company also intends on testing numerous other quality geophysical targets on the Property in an effort to discover nickel-copper-platinum group element deposits. These targets comprise strong interpreted bedrock conductors that correlate with magnetic anomalies, the same geophysical signature that characterizes the Eagle One deposit as well as the AT 12 nickel-copper occurrence, both owned by Noront Resources Ltd. The VTEM survey in particular, yielded numerous strong conductors that are intimately associated with discrete short strike-length magnetic features that appear to be discordant to the trend of the main ultramafic sill. Several of these anomalies are targeted for drilling in the current program. The first phase of drilling will consist of a minimum of 5000 metres comprising some 12 drill holes. Results will be released as they become available.

"Obviously, we are very encouraged with the preliminary drilling results obtained at the Black Thor chromite zone, "stated Mackenzie I. Watson, President and CEO of Freewest Resources Canada Inc. "The current dimensions of strike length and width yielded by the early drilling are suggestive of the presence of a world-class chromite deposit existing on the Property. We look forward to continuing drilling on the Black Thor chromite zone and to testing the numerous quality geophysical targets for nickel-copper-platinum group element mineralization."

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.

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

or

Bay Street Connect
Michael D'Amico
Investor Relations
(647) 500-6023

or

AGORACOM
Investor Relations
Email: FWR@freewest.com
Website: http://agoracom.com/ir/freewest

   
   
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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