FREEPORT RESOURCES INC.
SEPTEMBER 17, 2008
NEWS RELEASE
FREEPORT OUTLINES PROGRESS AT THE HUTTON GARNET BEACHES
VANCOUVER, CANADA
TSX Venture Exchange: FRI
Shares Issued: 13,486,232
FREEPORT RESOURCES INC. (TSX-V: FRI) is pleased to outline 2008 progress at its Hutton garnet beaches in Labrador, NL. Arrangements have been made for up to a 5000 tonne bulk sample with 2 shallow-draft barges, where one barge would be beached as a portable dock to load the second. Timing is subject to barge availability, weather, and final permitting requirements.
A landmark development for the project is completion of comprehensive offshore bathymetric maps in mid-July 2008. These maps were based on data collected in a collaborative effort with the Canadian Hydrographic Service. Until this was work was completed, large-scale commercial vessels could not access the site as waters in the area were uncharted.
Due to lack of publicly available, accurate onshore maps, Freeport also commissioned a second legal survey to map the shoreline and the beaches. The survey was coordinated with an archeological study - finally completed and accepted by government this week. The study confirms no known sites will be impacted by work at the beaches. All onshore and offshore survey data is being compiled with high-resolution satellite imagery for long-term beach monitoring.
Commercial scale garnet separation of previously collected bulk sample material is ongoing at several existing industrial minerals plants in eastern Canada. Further beneficiation work is underway to fine-tune the products. An extensive review of over 8 potential pilot plant locations is nearing completion.
New waterjet tests at an industry-wide study in the UK recently met with very positive response, with the Hutton concentrate considered comparable to other high quality commercial products. This is the third industry-wide test we have participated in since 2005. Freeport is confident in the quality of the Hutton garnet due to consistently favourable responses from users.
Zdenek Hora, P.Geo., is the Qualified Person who has reviewed this release. For further information, please contact us or visit our website at www.freeportresources.com. Freeport Resources, founded in 1981, is a junior mineral exploration company listed on the TSX Venture Exchange. Freeport has landholdings in Labrador and B.C., with a special focus on industrial minerals, precious and base metals, and gemstones.
Freeport Resources Inc.
Brenda Clark, MAIBC
President & CEO
1-888-275-7335 (toll free)
(604) 275-7335 (tel.)
info@freeportresources.com
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
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Freeport Resources Inc.
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CODE : FRI.V |
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ISIN : CA3567771025 |
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Freeport Res. est une société de production minière d'argent et d'or basée au Canada. Freeport Res. détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont RED ROSE, VOISEY'S BAY AREA et HUTTON au Canada. Freeport Res. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 1,0 millions CA$ (733 494 US$, 688 164 €). La valeur de son action a atteint son plus haut niveau récent le 09 août 1996 à 1,70 CA$, et son plus bas niveau récent le 01 janvier 2016 à 0,01 CA$. Freeport Res. possède 16 831 232 actions en circulation. |