Freewest Resumes Diamond Drilling on Its 100%-Owned McFaulds Property in the James Bay Lowlands, Northern Ontario
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MONTREAL, QUEBEC, Jun 29 (MARKET WIRE) --
Mackenzie I. Watson, President and CEO of Freewest Resources Canada Inc.
(TSX VENTURE: FWR) (the "Company") is pleased to announce that the
Company has resumed diamond drilling on its wholly-owned McFaulds
property (the "Property"). Following a seven (7) week shutdown, a minimum
of 3 drill rigs will be employed to complete a 20,000-metre diamond
drilling program testing the Black Thor and Black Label chromite zones as
well as several nickel-copper-platinum group element (PGE) targets. The
Property, consisting of 1,036 hectares, comprises one of three properties
in which the Company is currently exploring, on its own and in strategic
joint-venture agreements in the emerging 'Ring of Fire' mineral district.
Two of the drill rigs will be employed to test the Black Thor chromite
zone. Currently, Black Thor has been drill-tested over an intermittent
2600-metre strike length and to a maximum vertical depth of about 350
metres. It currently remains open-ended along strike and to depth. A
residual gravity anomaly intimately associated with chromite
mineralization, suggests a potential strike length of 3600 metres for the
Black Thor chromite zone. Highlighting recent drill results at Black
Thor, is an intercept returning 34.1% Cr2O3 over a core length of 174
metres (see Freewest news release dated June 2, 2009). In addition to
Black Thor's robust widths of high-grade chromite mineralization,
favourable chrome to iron ratios (Cr: Fe) of up to 2.27 bolster the
Company's belief that the Black Thor chromite zone has excellent
potential to develop into a world class chromite deposit.
The emphasis on Black Thor drilling will be to continue to expand the
limits of chromite mineralization beyond the 2600 metres and also to
fill-in the current 200-metre drill spacing at more detailed 100-metre
centres, along the same strike length. The immediate goal of all of this,
is to complete sufficient drilling at optimal spacing enabling the
Company to complete a National Instrument 43-101 compliant mineral
resource estimate as soon as practically possible.
The third drill rig will be employed to continue testing several quality
geophysical targets believed to be favourable for nickel-copper-PGE
mineralization. Several nickel-copper-PGE targets including the F2 zone,
have returned strongly anomalous to ore-grade values of nickel, copper as
well as platinum and palladium in drilling over narrow widths, occurring
as remobilized sulphides within ultramafic rocks. The Company continues
to believe that a source area for the remobilized sulphides or a larger
mass of nickel-copper sulphides, is present on the Property. Substantial
footage of the 20,000 metre diamond drilling program has been allotted to
the search for nickel, copper and PGE.
Additional drilling will also be directed at continued testing of the
Black Label chromite zone. Black Label has been traced over an
intermittent strike length of 2100 metres and features drill intercepts
of 35.4% Cr2O3 over 20 metres (BT-09-26) as well as 34.2% Cr2O3 across 20
metres (BT-09-30). Efforts will be made to complete some fill-in drilling
along the 2100-metre strike length and to continue to define the limits
of chromite mineralization for this zone. Results will be released as
they become available.
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.
Contacts:
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
www.freewest.com
Bay Street Connect
Michael D'Amico
Investor Relations
(647) 500-6023
AGORACOM
Investor Relations
FWR@Agoracom.com
http://agoracom.com/ir/freewest
Copyright 2009, Market Wire, All rights reserved.
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