Freewest Resources Canada Inc. (TSX VENTURE: FWR), Spider Resources
Inc. (TSX VENTURE: SPQ) and KWG Resources Inc. (TSX VENTURE: KWG)
are pleased to provide assay results for recently completed
drilling at the Big Daddy Chromite property located in the James
Bay Lowlands of northern Ontario. The Big Daddy property is
currently a joint-venture involving Freewest Resources Canada Inc.
(50%), Spider Resources Inc. (25%) and KWG Resources Inc. (25%).
Assay Results for Recent Drilling:
Analytical results have recently been received for the first 7
holes of 22 holes being assayed. Visual observations for these
seven holes were previously reported on October 14th 2009.
Holes FW-09-24 and 25 are located on Section 14+00E. Both
encountered significant chromite mineralization.
Holes FW-09-26 and 27 are located on Section 16+00E. Hole 26
failed to intersect chromite mineralization. The targeted
mineralization intended to be intersected by this hole is
interpreted to have been displaced by faulting, whereas Hole 27,
which undercut Hole 26, intersected two zones of massive chromite
mineralization, followed by a short intercept of Platinum and
Palladium averaging 1.66 g/t (Pt + Pd).
Holes 28 and 29, situated on Section 18+00E, both intersected
significant widths of chromite mineralization, in particular hole
29 which intersected 4 zones of massive chromite mineralization,
including a 75.2 metres interval averaging 43.4% Cr2O3. This
intersection was followed by 1.8 metres of Platinum and Palladium
averaging 2.18 g/t (Pt+Pd).
Hole FW-09-30, drilled on Section 20+00E, entered massive
chromite mineralization immediately after the overburden.
The following table provides assay highlights for the first
seven holes in the recent program. Only those intersections that
averaged greater than 35% Cr2O3 over significant widths are
included in the highlight table. The chromite mineralization
surrounding the highlighted massive chromite mineralization is
typically of varying tenor, and consists of heavily disseminated
plus / minus intercalated thin (centimeter scale) to thick (meter
scale) beds of massive chromite mineralization. The amount of this
mineralization that eventually may be included in the reserves will
not be determined until a feasibility study is undertaken. For
instance, in Hole 29, variable amounts of chromite mineralization
were intersected between 67.4 and 323.8 metres (256.4 metres),
however only 108.5 metres averaged in excess of 35% Cr2O3.
Assays for the remaining fifteen holes from the recent program
will be released when final results are available.
Assay Highlight Table:
----------------------------------------------------------------------------
Hole # From(m) To(m) Length(m) Pd(g/t) Pt(g/t) Cr2O3% Fe2O3% Cr:Fe
----------------------------------------------------------------------------
----------------------------------------------------------------------------
FW-09-24 73.5 80.3 6.8 0.26 0.23 41.01 21.10 1.90
----------------------------------------------------------------------------
100.9 132.2 31.3 0.17 0.23 40.63 23.40 1.70
----------------------------------------------------------------------------
----------------------------------------------------------------------------
FW-09-25 232.1 270.4 38.3 0.17 0.24 42.17 21.35 1.93
----------------------------------------------------------------------------
----------------------------------------------------------------------------
FW-09-26 no significant assays
----------------------------------------------------------------------------
----------------------------------------------------------------------------
FW-09-27 173.3 186.8 13.5 0.28 0.25 36.32 20.77 1.71
----------------------------------------------------------------------------
208.0 246.8 38.8 0.20 0.22 42.99 20.99 2.00
----------------------------------------------------------------------------
246.8 247.5 0.7 1.23 0.43
----------------------------------------------------------------------------
----------------------------------------------------------------------------
FW-09-28 38.7 61.1 22.4 0.12 0.20 41.30 22.16 1.82
----------------------------------------------------------------------------
----------------------------------------------------------------------------
FW-09-29 117.0 136.0 19.0 0.50 0.23 40.02 19.92 1.97
----------------------------------------------------------------------------
226.0 230.7 4.7 0.46 0.27 37.90 20.39 1.82
----------------------------------------------------------------------------
234.8 244.3 9.6 0.32 0.39 38.33 19.70 1.90
----------------------------------------------------------------------------
248.6 323.8 75.2 0.23 0.25 43.40 21.26 2.00
----------------------------------------------------------------------------
323.8 325.5 1.8 1.69 0.49
----------------------------------------------------------------------------
----------------------------------------------------------------------------
FW-09-30 24.1 32.8 8.7 0.26 0.26 40.92 22.61 1.77
----------------------------------------------------------------------------
True widths of the chromite mineralization have yet to be
determined, as this is typically done once the geometry (attitude,
dip and strike) of the entire mineralized body is determined. The
systematic drill pattern was designed to delineate the Big Daddy
Chromite Prospect along its entire strike length. The chromite
mineralized intersections are quite variable in apparent width due
to the geological nature of the intrusion.
Drill Program:
The current exploration program started on September 23, 2009,
and included twenty two drill holes totaling 6,777 metres. The
program was curtailed on November 22 due to abnormal weather
conditions in the project area that were hampering cost-effective
progress, and causing additional safety and other logistical
concerns, drilling is anticipated to resume in early January. This
pause in drilling is being utilized to review drill and analytical
results, and also to adjust the drilling plan. More holes may be
added, where warranted, in certain areas of The Big Daddy Chromite
Prospect based upon this internal mid program review. Six holes
remain to be drilled from the original planned budget, and these
will be strategically planned to infill and expand Big Daddy. The
Big Daddy Chromite prospect (a magmatic chromium deposit type) has
been expanded along its strike and depth. Since the discovery of
chromite on the property in March, 2006 (Hole FW-06-03), chromite
mineralization has been established between section 900 metres East
to and including section 2100 metres East, for an inferred strike
length of 1300 metres, and to a depth of 325 metres. Big Daddy
remains open along strike in both directions and to depth. Some of
the planned expansion drilling will continue to explore the
chromite mineralization towards the northeast, where faults are
found to have apparently offset Big Daddy from the Probe "Creek
Zone" and Freewest's "Black Thor".
As stated in the last release (Nov. 16, 2009), one drill hole
tested a coincident magnetic and electromagnetic anomaly, that
straddled the border between the Big Daddy property with four
claims held by Freewest due north of the Big Daddy Property. This
hole encountered 10 metres of sulphide mineralization consisting of
thin wispy bands of up to 20% pyrite, pyrrhotite and chalcopyrite
between 104.0 metres and 114.0 metres down hole. Samples for this
entire sulphide section have been selected for assay and will be
reported upon once results are received.
Quality Assurance / Quality Control Protocol:
Stringent QA / QC procedures are followed. Samples are shipped
to the laboratory in batches of 35 samples. Each sample batch
includes 2 standards, 1 blank, and 1 duplicate that are inserted on
site, plus a duplicate coarse reject and 1 duplicate pulp that are
prepared at the laboratory and inserted. In addition, Actlabs also
employs a rigorous in-house QA/QC regime which includes standards,
blanks and duplicates.
Once the final assays are received from Actlabs and prior to any
data being released to the public, a review of all QA/QC data is
conducted by an independent qualified person to ensure that the
data released are within predetermined norms.
Analytical Methodology:
All samples are assayed / analysed by Activation Labs (Actlabs)
at either their main laboratory in Ancaster, Ontario or at their
Thunder Bay, Ontario facility. Both laboratories are ISO
accredited. All samples are
- Analyzed for 35 trace and major elements including Cu & Ni by 4 acid
digestion with an ICP finish (Actlabs code 1F2). Any samples for which
the result(s) are over limit for either Cu or Ni are then assayed for
these elements by ICP-OES.
- Assayed for Au, Pd & Pt by fire assay with an ICP/OES finish (Actlabs
code 1C-OES).
- Assayed for 13 major element oxides, including Cr2O3 by fusion-XRF
(Actlabs code 4C).
For additional information on assay methodology visit the
Actlabs website at http://www.actlabsint.com.
Qualified Persons:
Spider's Vice President of Exploration Jim Burns P.Eng., along
with Neil Novak P.Geo., President of Spider, has prepared and
reviewed this press release, both of which are Qualified Persons
under National Instrument 43-101
About Freewest
Freewest is a mineral exploration company 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 Tier 1 of the TSX Venture Exchange
under the symbol FWR.
Georgeson Inc. is acting as Freewest's solicitation agent in
connection with a proposed Plan of Arrangement with Cliffs Natural
Resources Inc. Georgeson may be contacted as follows:
Georgeson
100 University Avenue
11th Floor, South Tower
Toronto, Ontario
M5J 2Y1
North American Toll Free Number: 1-866- 433-7579
Banks and Brokers Collect Number: 1-212-806-6859
Forward-Looking Statements
This news release contains statements that constitute
"forward-looking information" or "forward-looking statements"
within the meaning of applicable securities legislation. This
forward-looking information is subject to numerous risks and
uncertainties, certain of which are beyond the control of Freewest
Resources Canada Inc. ("Freewest"). Actual results or achievements
may differ materially from those expressed in, or implied by, this
forward-looking information. No assurance can be given that any
events anticipated by the forward-looking information will
transpire or occur, or if any of them do so, what benefits that
Freewest will derive therefrom. In particular, no assurance can be
given as to whether a proposed plan of arrangement with Cliffs
Natural Resources Inc. will be completed. Forward-looking
information is based on the estimates and opinions of Freewest's
management at the time the information is released and Freewest
does not undertake any obligation to update publicly or to revise
any of the forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this 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 AGORACOM Investor
Relations FWR@Agoracom.com http://agoracom.com/ir/freewest
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