| | Published : October 15th, 2009 | Continues to Generate Excellent Drill Results at Black Thor |
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Freewest Resources - Press Release
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Freewest Continues to Generate Excellent Drill
Results at Black Thor on its 100%-Owned McFaulds Property, Northern Ontario
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HIGHLIGHTS:
- Additional assays received from phase 2 drilling of the Black Thor
chromite occurrence include 43.7% Cr2O3 over 48.0 metres, 40.0%
Cr2O3 over 38.0
metres, 42.3% Cr2O3 across 35.0 metres and
40.5% Cr2O3 over 23.0
metres
- Phase 3 drilling of the Black Thor chromite occurrence as well as the
AT12 Extension nickel-copper-platinum group element zone is currently
underway
MONTREAL, QUEBEC - (Oct. 15, 2009) - Mackenzie I. Watson, President and CEO
of Freewest Resources Canada Inc. (TSX VENTURE:FWR) (the "Company")
is pleased to report the remaining assay results obtained from the second
phase (phase 2) of diamond drilling completed on the Company's wholly-owned
McFaulds property (the "Property"). The Property, consisting of 1,036 hectares,
comprises one of three properties in which the Company is exploring on its
own and in joint-venture agreements in the "Ring of Fire" metals
district.
The phase 2 drilling program consisted of 10,663 metres
comprising 29 drill holes. Among them, 23 of them were completed on the
Black Thor chromite zone. The Company released the assay results for six of
the 23 drill holes in a news release dated September 16, 2009 (drill holes
BT-0-52, 53, 54, 55, 59 and 60). Specifically, this news release documents
the results of the remaining 17 drill holes (except drill hole BT-09-78
that has assays pending) completed on the Black Thor occurrence from the
second phase of diamond drilling.
BLACK THOR DIAMOND DRILLING RESULTS:
Currently, the Black Thor chromite occurrence has been largely drilled at
100-metre centres over a 2600-metre strike length and to a maximum vertical
depth of about 400
metres. It currently remains open-ended along strike
and to depth (See Figure 1).
Figure 1 comprises part of this news release and is posted on the Freewest
website at www.freewest.com.
Highlighting the new results are drill intercepts of 43.7% Cr2O3 over a
core length of 48.0
metres (BT-09-74), 40.0% Cr2O3 over 38.0 metres
(BT-09-69), 42.3% Cr2O3 over 35.0 metres (BT-09-73) and 40.5% Cr2O3
across 23.0 metres
(BT-09-58). The details of the drilling results for the subject 16 drill
holes at Black Thor are summarized in Table 1.
Twenty three (23) of the 23 drill holes completed during the phase 2
drilling program intersected economically significant chromite
mineralization (100% hit-rate), attesting to the consistency and continuity
of the Black Thor chromite occurrence. The drilling has also identified
three separate domains along the 2600-metre strike length at Black Thor;
such domains are likely separated by younger cross-faults and are known as
the southwest, central and northeast domains. The southwest and northeast
domains are characterized by the presence of 2 chromite horizons while the
central domain consists of multiple chromite horizons.
Collectively, the primary goal of the phase 1 and 2 drilling program
completed at Black Thor is to define a National Instrument 43-101 compliant
mineral resource as soon as practically possible. Such a resource estimate
is currently underway with Company management being confident of a delivery
of same, prior to year-end 2009.
METALLURICAL WORK ON BLACK THOR:
Scoping-level metallurgical work is currently being completed by SGS
Lakefield Research Limited on Black Thor drill core in efforts to determine
the beneficiation and metal recovery characteristics of the chromite ore. The
preliminary results from this work should be forthcoming shortly. Results
will be released as they become available.
In parallel, Cliffs Natural Resources is currently completing scoping
geometallurgical studies on Black Thor and Black Label drill core. The
purpose of this work is to determine the chemical and physical
characteristics of the ore or, ore quality. Ore quality ultimately impacts
on optimizing mine planning, plant performance as well as the final product
quality. Although final results are pending, preliminary work suggests that
both Black Thor and Black Label have desirable and marketable compositions
having potentially deleterious elements TiO2, MgO and Al2O3 contents at lower
levels than most chromite deposits (where published).
CURRENT DRILLING PROGRAM:
Currently, there are 2 drills operating on the Company's wholly-owned
property. Both are completing shallow drilling (less than 100 vertical
metres) on all 3 of the domains of the Black Thor chromite occurrence to
help determine the location of a potential starter pit for eventual
production.
A third drill will be added shortly, to continue testing the basal contact
of the Ring of Fire ultramafic intrusion with underlying granodiorite,
situated stratigraphically below the chromite zones. One of the target
areas warranting further drilling is the AT12 Extension, where earlier
drilling by the Company returned an intersection yielding 1.62% nickel,
1.24% copper and 5.22 grams/tonne total precious metals over 1.77 metres
(platinum+palladium+ gold) at shallow depth. In addition to the AT12
Extension, the Company will target a number of conductors recently defined
by an airborne ZTEM survey completed by Geotech Limited. Such targets are
interpreted to occur proximal to the favourable contact between the
ultramafic intrusion and underlying granodiorite at the base of the Ring of
Fire intrusion. Results will be released as they become available.
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
from 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 Assurance/Quality
Control 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. All chromite-bearing samples are analyzed by fusion x-ray
fluorescence (XRF). The X-ray emissions allow the composition of the sample
to be determined by a high degree of accuracy. Additional information on
the analytical techniques employed can be accessed on the Actlabs website
at www.actlabsint.com.
Additional quality control measures have also been recently adopted for Cr
and Fe including the insertion of a certified reference material SARM 8,
purchased from Mintek in South Africa. This quality control method provides
a check for high-grade chrome samples yielded by INAA analyses provided by
Actlabs.
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 company with more than
C$4.5 million in working capital as well as a C$10.8 million investment in
Quest Uranium Corp. at current prices and no debt. It is actively exploring
for gold, base-metals and chromite within eastern Canada. Corporate
information can be accessed on the Internet at www.freewest.com. Freewest's
shares are listed on the TSX Venture Exchange under the symbol FWR.
For further information please contact:
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
CONTACT INFORMATION:
Freewest Resources Canada Inc.
Mackenzie I. Watson
President and CEO
(514) 878-3551 or 1-888-878-3551
Fax: (514) 878-4427
info@freewest.com
www.freewest.com
or
Bay Street Connect
Michael D'Amico
Investor Relations
(647) 500-6023
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Freewest Resources Canada Inc.
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EXPLORATION STAGE |
CODE : FWR.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Freewest Resources is a gold and copper exploration company based in Canada. Freewest Resources holds various exploration projects in Canada. Its main exploration properties are LIZAR, SUNGOLD, LAROSE PROPERTY, GEORGE RIVER, BARRY - URBAN (WINDFALL), DALHOUSIE, CLAW LAKE, GOLDEN RIDGE, VERNEUIL TOWNSHIP, MC FAULD'S LAKE, CLARENCE STREAM, PLASTER ROCK, CROON LAKE and CAN-FER in Canada. Freewest Resources is listed in Canada. Its market capitalisation is CA$ 191.3 millions as of today (US$ 190.3 millions, € 135.2 millions). Its stock quote reached its lowest recent point on December 05, 2008 at CA$ 0.12, and its highest recent level on December 18, 2009 at CA$ 0.99. Freewest Resources has 214 900 000 shares outstanding. |
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