HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Free
Message: Re: FWR News
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Nov 26, 2008 07:52AM
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Re: FWR News

in response to by
posted on Nov 26, 2008 09:01AM

CURRENT EXPLORATION PROGRAM:

As announced on November 21, 2008, diamond drilling has resumed on the Property, specifically to continue testing the Black Thor chromite zone and to test several prospective nickel-copper-platinum group element (PGE) targets. The nickel-copper-PGE targets are situated stratigraphically lower in the intrusion, or in the footwall to chromite mineralization. Additionally, a systematic gravimetric survey is currently being completed over the entire grid covering both the Black Thor chromite zone and several coincident electrical conductors and magnetic anomalies thought to be highly prospective for nickel-copper-PGE deposits. It is anticipated that the gravimetric results will be forthcoming shortly and will assist in prioritizing diamond drilling targets for both chromite and nickel-copper-PGE mineralization.

Mackenzie I. Watson, President and CEO of Freewest Resources Canada stated: "The high-grade assay results returned from drill-hole BT-08-01 coupled with the visual results of subsequent holes testing the Black Thor chromite zone, consolidate the belief that our wholly-owned McFaulds property has excellent potential to host a world-class chromite deposit. We are also very encouraged by the chrome to iron ratios of semi-massive to massive chromite mineralization that are in the order of 2:1. Currently, high-quality chromite producers in the world have ores that are characterized by chrome to iron ratios of greater than 1.8:1."

Gramps

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