Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en

Freewest Resources Canada Inc.

Publié le 29 février 2008

Intersects 7.98 G/T Gold Over 12 Metres in Deeper Drilling at Clarence Stream, New Brunswic

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter

February 29, 2008

Freewest Resources - Press Release

 


Freewest Intersects 7.98 G/T Gold Over 12 Metres in Deeper Drilling at Clarence Stream, New Brunswick

 

 


HIGHLIGHTS

- New Deep Zone yields drill intercept of 7.98 g/t Au over 12.00 metres

- Gold recovery bench tests yield greater than 90% by direct cyanidation and gravity separation

MONTREAL, QUEBEC, CANADA--(Feb. 29, 2008) - Mackenzie I. Watson, President and CEO of Freewest Resources Canada Inc. (TSX VENTURE:FWR) (the "Company") is pleased to provide an update of exploration activities currently ongoing at its Clarence Stream property (the "Property"). The Property comprising 11,296 hectares, is located close to infrastructure, 70 kilometres southwest of the City of Fredericton and 10 kilometres east of the Mount Pleasant tin-tungsten-molybdenum-indium deposit in Charlotte County, southwestern New Brunswick.

DIAMOND DRILLING

Diamond drilling completed early in 2008, continues to test the deeper levels below a number of gold zones comprising the Proximal deposits. Specifically, the drilling is testing a one-kilometre portion of the gold-bearing high-strain zone at the -200 and -300metre-levels, in the locale of the Central Zone.

Highlighting the recent results is an intercept of 7.98 g/t gold over 12.00 metres (10.00 metres true width) in drill hole CS08-272. This interval was re-assayed utilizing the screen metallics method, returning an assay of 8.72 g/t gold over 12.00 metres. Hole CS07-271, drilled from the same location as CS08-272, yielded an intercept of 4.22 g/t gold over 5.00 metres at the -225 metre-level.
A 100-metre step-out hole, CS08-273, returned an intercept of 7.11 g/t gold across 5.00 metres at the -230 metre-level. The complete drill results are summarized in Table 1.



(1)Assays performed by ALS Chemex of Val d'Or, Quebec using the fire assay method using 30 grams of prepared sample

Diamond drilling completed in late 2007 (see Freewest news release of October 3, 2007) and that to date in 2008, have successfully defined a new gold zone known as the Deep Zone (Figure 1). The Deep Zone has yielded significant, ore-grade intercepts over a 250-metre strike length and a height of 100 vertical metres. Gold mineralization occurs in quartz veins hosted within deformed gabbro and microgranite dikes and sills intruding biotite-cordierite hornfels. It remains completely open-ended along strike and to depth (Figure 1).

A longitudinal section illustrating the Deep Zone intersections (Figure 1) comprises part of this news release and is posted on the Freewest website at www.freewest.com.

METALLURGY

Bench-scale testing of diamond drill core from the Central Zone, the largest of the Proximal deposits, was completed by CANMET Mineral Technology Branch of Natural Resources Canada. The testing indicates a head grade of 8.00 g/t gold and that an overall recovery of greater than 90.6% is achievable through gravity separation and cyanidation of Central Zone ore.

Gold recovery tests were also completed for the AD Zone, the most prominent of the Distal deposits. The tests reveal that the head grade of the AD Zone is 6.48 g/t gold and that an encouraging 90.4% of the gold can be recovered by gravity separation and cyanidation of the ore.

Due to the significant antimony of the AD Zone, additional testing was performed by floatation methods to allow for the recovery of antimony minerals without hindering the recovery of gold. A very high recovery of 92.0% was obtained for antimony and gold by floatation, yielding a rough scavenger grade of 17% antimony and 54.0 g/t gold at this recovery. With further floatation testing, it is anticipated that the recovery and grade of the concentrate will substantially increase for both antimony and gold.

MINERAL RESOURCES

An updated 43-101 compliant mineral resource estimate is currently being completed by our consultants, Scott Wilson Roscoe Postle Associates (Scott Wilson RPA). The results of the updated mineral resource estimate are anticipated in the very near future and will be released when available.

FUTURE WORK

Management is very pleased with the reported results and stated: "Collectively, the recent drill results in combination with the gold and antimony recovery test work are extremely encouraging and bring us a step closer to bringing the project to the prefeasibility study stage. With the discovery of the Deep Zone and the shallow level of drilling completed elsewhere on the property, we feel very confident that we can increase the mineral resource to the million-ounce plus range."

Diamond drilling will continue employing 2 drill rigs, through March and into the spring break-up. It is anticipated that 2 of the drill rigs will continue to test the depth and strike extent of the Deep Zone while later in the spring, a third drill may be required to test other gold zones and satellite gold --soil anomalies. Additional drill results will be released as they become available.

In October 2007, Freewest signed an agreement with Rockport Mining Corp on the Clarence Stream property. Under the agreement terms, Rockport may earn a 30% interest in the Property by spending $3,000,000 on exploration on or before October 2008. They may earn an additional 20% interest (50% cumulative) by spending $4,500,000 on exploration on or before October 2011.. Upon Rockport earning a 50% interest, it may elect to earn an additional 15% (65% cumulative) by funding the property through to a feasibility study.. Rockport also undertakes on a best-efforts basis, to assist Freewest in financing its share of capital costs required for production, as outlined in the feasibility study. Rockport Mining Corp. is a well-funded St. Andrews-based mineral exploration company.

Rockport will be funding an aggressive first-year, $3,000,000 exploration program at Clarence Stream in 2008, under the operatorship of Freewest. The prime objective is to increase the project's resource mineral resource to the million- ounce plus level at an accelerated rate.

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 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.

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

or

Rockport Mining Corp
Henry A. Miller
Chief Executive Officer
506-529-8206
506-529-8595 (FAX)

 

 

 

 

 

FEATURED LINKS

Freewest Resources Web Site

Freewest Resources IR HUB

 

 

 

 

 


Freewest Resources Canada Inc.

EXPLORATEUR
CODE : FWR.V
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

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, GOLDEN RIDGE, CLAW LAKE, DALHOUSIE, VERNEUIL TOWNSHIP, BARRY - URBAN (WINDFALL), MC FAULD'S LAKE, CLARENCE STREAM, LAROSE CLAIMS, SNOOK LAKE et PLASTER ROCK 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.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
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 ...
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TSX-V (FWR.V)
0,890-1.11%
TSX-V
CA$ 0,890
26/01 17:50 -0,010
-1,11%
Cours préc. Ouverture
0,900 0,880
Bas haut
0,870 0,920
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  0,890 -%
Volume var. 1 mois
5 117 102 -%
24hGold TrendPower© : 2
Produit
Développe
Recherche Antimony - Copper - Diamonds - Gold - Nickel - Palladium - Platinum - Uranium - Vanadium - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 23/01/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,70 AU$-0,65%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
12,26 US$+2,68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,53 GBX-1,87%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,06 CA$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,64 CA$-1,86%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
16,23 CA$+4,04%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,24 CA$+4,26%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,20 AU$+2,63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,88 CA$+0,53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
52,71 US$+0,19%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+5,56%Trend Power :