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Freewest Resources Canada Inc.

Publié le 05 février 2009

Intersects 30.0% Cr2O3 Over 124 Metres at Black Thor

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Mots clés associés :   Canada | Copper | K Street | Nickel | Palladium |
February 5, 2009
Freewest Resources - Press Release


Freewest Intersects 30.0% Cr2O3 Over 124 Metres at Black Thor on its 100%-Owned McFaulds Property in Northern Ontario


DRILLING HIGHLIGHTS:

- Drill hole BT-08-12 testing the Black Thor chromite zone, returned a drill intercept of 40.1% Cr2O3 over 52.0 metres (within a broader zone of mineralization assaying 30.0% Cr2O3 over 124.0 metres)

- A drill hole completed to test the F2 nickel-copper target (BT-08-09) intersected blebby nickel-copper mineralization assaying 3.60% nickel, 0.42% copper and 3.45 grams/tonne platinum and palladium over 0.4 metres

- Significant chromite was intersected at the F2 target as well, including an intercept of 22.6% Cr2O3 over a core length of 13.5 metres (BT-08-06)

MONTREAL, QUEBEC-(Feb. 5, 2009) - Freewest Resources Canada (TSX VENTURE:FWR) (the "Company") is pleased to announce further diamond drilling results recently obtained from the Company's 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. Specifically, this news release documents partial drilling results obtained from the Company's pre-Christmas drilling of the Black Thor chromite zone as well as a few holes that targeted low priority copper-nickel-platinum group element targets (PGE), situated stratigraphically below Black Thor (F2 target).

BLACK THOR CHROMITE DRILLING RESULTS:

Drilling of the Black Thor chromite zone continues to generate exceptional widths of high-quality chromite mineralization believed to be of world-class caliber. Highlighting the recently received results is an intercept of 40.1% Cr2O3 (over a core length of 52.0) metres in drill hole BT-08-12. This higher grade section comprises part of a wider mineralized interval yielding 30.0% Cr2O3 (over an intersected length of 124.0) metres. A shallower drill hole completed on the same section (1000N), BT-08-11, returned an intercept of 25.8% Cr2O3 (over a core length) of 59.5 metres. Although the true widths of the mineralized intercepts are not conclusively known, the estimated true width of the chromite zones intersected in holes BT-08-11 and BT-08-12 are 45 metres and 75 metres, respectively. The detailed results of the above holes as well as those already reported for the Black Thor chromite zone are summarized in Table 1.



To date, the Black Thor chromite zone has been traced by drilling over an intermittent strike length of 1700 metres. It should be noted that the drill holes completed on sections 1000N (BT-08-11 & 12) and 2700N (BT-08-03 & 05) constitute the southwest and northeast extremities respectively, of what has currently been drilled along the trend of Black Thor. Mineralization remains completely open-ended along strike and to depth (See Map 1).

Chromite mineralization is hosted within a layered ultramafic intrusion consisting of variably altered dunite, peridotite and pyroxenite. Although several stacked horizons of chromite mineralization occur within the intrusion, the widest and best quality of the chromite zones, Black Thor, occurs near the top of the layered intrusion straddled by an underlying dunite/peridotite sequence and an overlying pyroxenite unit.

F2 TARGET DRILLING RESULTS:

Four drill holes tested a lower priority nickel-copper-PGE target in the fall of 2008 (see Freewest news release of October 17, 2008). The target comprises a coincident conductor and magnetic high yielded by the VTEM airborne geophysical survey. Disseminated to blebby pyrrhotite, chalcopyrite and pentlandite as well as appreciable chromite were observed locally in the 4 drill holes completed, within disrupted ultramafic intrusive rocks. Partial assay results have been received for drill holes BT-08-6, 7 and 9 while all of the assays from BT-08-08 are currently pending.

Highlighting the results is a short interval of nickel-copper-PGE mineralization obtained in hole BT-08-09, yielding
3.60% nickel, 0.42% copper, 0.21 g/tonne platinum and 3.24 g/tonne palladium over 0.4 metres. An additional highlight is the significant chromite intercept contained in drill hole BT-08-06, returning 22.6% Cr2O3 (over 13.5) metres.. This chromite horizon conclusively demonstrates the presence of multiple stacked chromitites occurring within the ultramafic intrusion, in this case situated much lower in the intrusion relative to Black Thor (see Map 1).



The disrupted and fragmented nature of the intrusive rocks hosting mineralization at the F2 target resemble magmatic breccias, indicative of a dynamic or active environment. This is in contrast to the more quiescent environment characteristic of the intrusion hosting the Black Thor chromite occurrence. The nickel-copper sulphide clots and blebs seen within the magmatic breccias could possibly comprise part of a larger mass of sulphide occurring somewhere within the locale of the F2 target area. Alternatively, the interpreted high energy magmatic environment could indicate proximity to a feeder zone or conduit through which successive magmatic pulses fed the observed intrusions. Such an environment is believed to be highly prospective for concentrations of magmatic nickel sulphides such as at Noront's Eagle One deposit (J. Scoates pers.com.). Clearly, additional drilling is required at F2 to test these theories.

FREEWEST MOVING FORWARD:

Diamond drilling continues to test the continuity, grade and extent of the Black Thor chromite zone utilizing 2 drill rigs. In-fill drilling within the currently defined 1700-metre long trend is being carried out at 200-metre centres with 2 drill holes completed at each set-up. The intent is to obtain chromite intersections at both the 100 and 200-metre levels. Step-out drilling to the southwest and northeast of the 1700-metre long chromite trend will also be completed on 200-metre centres as well in efforts to increase the mineral resource.

Numerous assays from drill testing of Black Thor are pending and will be released as they become available. A recently completed gravity survey delineated a strong, laterally continuous gravity anomaly closely correlating with the Black Thor chromite zone. The size and magnitude of the gravity anomaly is suggestive of the presence of a very large chromite deposit with a potential strike length of a minimum 3.5 kilometres. The gravity survey will assist in prioritizing drill targets along the trend of the Black Thor chromite zone in addition to the chromite horizons situated lower in the footwall.

The Company also intends on testing numerous nickel-copper-PGE targets situated in the footwall to the Black Thor chromite occurrence. The targets comprise discrete conductors, magnetic highs and gravity anomalies all contained within an area of strong conductivity defined by the VTEM airborne geophysical survey (see Map 2). A Crone Pulse EM survey was recently completed over the large conductive area to assist in fine-tuning the location of drill targets. A full interpretation of this survey should be forthcoming shortly enabling the onset of drilling such targets in the near term.

Maps 1 and 2 comprise part of this news release and are posted on the Freewest website at http://www.freewest.com

INDEPENDENT QUALITY CONTROL AND ANALYTICAL PROTOCOL:

A thorough quality control program has been implemented for the McFaulds project including grouping samples into batches of 35 into which are added 2 certified reference material standards, 2 field blanks composed of barren drill core and a field duplicate. Coarse reject and pulp duplicates also form part of the Quality Control program. The Company is confident that all assays reported in this news release have passed rigorous control guidelines as set out by Freewest's independent Quality Control/Quality Assurance person.

All samples were submitted to Activation Labs (Actlabs) of Ancaster, Ontario for analyses. The samples were analyzed for multi-elements using a 4-acid digestion followed by ICP analyses. Gold, platinum and palladium were assayed by the Fire Assay method on 30 grams of prepared sample. For higher grade chromium analyses (greater than 1%), the samples are analyzed by the Neutron Activation method wherein they are irradiated prior to final reading. This method yields analyses in percent for elemental chromium, Cr2O3 (and elemental iron. Additional) information on the analytical techniques employed can be accessed on the Actlabs website at www.actlabsint.com.

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 with over C$8.0 million in working capital. It is actively exploring for gold, base-metals and chromite 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 news 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
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


   
   
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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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