Freewest Intersects 100 Metres of Chromite Mineralization in First Hole Drilled on Its 100%-Owned McFaulds Property, Northern Ontario
Freewest Resources Canada Inc., (TSX VENTURE: FWR) (the “Company”) is pleased to announce the preliminary results obtained from early-stage drilling completed on it’s 100%-owned McFaulds 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.
THE BLACK THOR CHROMITE ZONE:
The highlight of the initial drill hole completed on the Property is the intersection of a broad zone of chromite mineralization known as the Black Thor Zone. Chromite mineralization is hosted within ultramafic rocks specifically, within highly altered dunites and peridotites. The massive style of mineralization is locally banded, fine to medium grained and contains occasional altered remnant cumulus olivine crystals. Banded and heavily disseminated chromite mineralization, contains a greater percentage of altered cumulate crystals and locally, has a brecciated disrupted appearance. Both styles of mineralization are weakly magnetic in places.
Based on the limited drilling, the dip of the zone is not conclusively known however, based on core angles, intersected widths are believed to be close to true widths. Assay results will be released when available. The details of the mineralized intercept in drill hole FWR-08-01 are tabled below.
———————————————————————– —- INTERVAL (METRES) DESCRIPTION INTERSECTED WIDTH (METRES) ————————————————————————— 239.0-251.0 Banded and heavily 12.0 disseminated chromite in dunite ————————————————————————— 251.0-258.0 Massive chromite mineralization 7.0 ————————————————————————— 258.0-277.0 Banded chromite 19.0 mineralization in dunite ————————————————————————— 277.0-284.0 Massive chromite mineralization 7.0 ————————————————————————— 284.0-290.0 Heavily disseminated and banded chromite 6.0 ————————————————————————— 290.0-336.0 Massive chromite mineralization 46.0 ————————————————————————— 336.0-339.0 Heavily disseminated and 3.0 semi massive chromite ————————————————————————— Totals 100.0 —————————————————————————
THE FREEWEST PROPERTY:
The Property is situated approximately six (6) kilometers northeast of the Eagle One nickel-copper-platinum group element deposit owned by Noront Resources Limited and 1000 metres south of the recently discovered AT12 nickel-copper occurrence held by same.
Over the last 4 months, Freewest has completed airborne geophysical surveys (AeroTEM flown by Aeroquest International Ltd. and VTEM flown by Geotech Ltd.) as well as ground follow-up surveys including magnetics, HLEM (horizontal-loop electromagnetic) and a deep-penetrating electromagnetic survey known as InfiniTEM (TDEM). Collectively, the surveys have defined numerous quality exploration targets comprising interpreted bedrock conductors that closely correlate with magnetic anomalies, the same geophysical signature that characterizes the Eagle One deposit as well as the AT12 nickel-copper occurrence. The VTEM survey in particular, has yielded some strong interpreted bedrock conductors on the FWR Property, with conductance values of up 145 siemens (B field conductance). Such conductance values are comparable to those obtained over the Eagle One deposit as well as the AT12 nickel-copper occurrence.
Several of these anomalies (coincident bedrock conductors and magnetic highs) are targeted for diamond drilling in the current drilling program. The first phase of drilling will consist of a minimum of 5000 metres comprising approximately 12 drill holes in this initial drill test.
Freewest management is extremely encouraged by the initial drill results and look forward to continued drilling on expanding the Black Thor chromite zone and testing numerous quality conductors for their nickel-copper-platinum group element potential.
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 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.
Contacts: Freewest Resources Canada Inc. Mackenzie I. Watson President and CEO (514) 878-3551 or 1-888-878-3551 (514) 878-4427 (FAX) Email: firstname.lastname@example.org Website: www.freewest.com AGORACOM Investor Relations Email: FWR@Agoracom.com Website: http://agoracom.com/ir/freewest
SOURCE: Freewest Resources Canada Inc.