Freewest Resources Canada Inc.

Freewest Resources Canada Inc.

September 10, 2008 09:16 ET

Freewest Commences Diamond Drilling on its 100%-Owned McFaulds Property in the James Bay Lowlands of Northern Ontario

MONTREAL, QUEBEC--(Marketwire - Sept. 10, 2008) - Mackenzie I. Watson, President and CEO of Freewest Resources Canada Inc., (TSX VENTURE:FWR) (the "Company") today announces that diamond drilling has commenced on the Company's 100%-owned McFaulds property (the "FWR Property") situated in the James Bay Lowlands of northern Ontario. The FWR 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. The new district contains magmatic nickel-copper sulphide-platinum group element deposits, chromite deposits as well as volcanic-hosted massive sulphide deposits (copper-zinc).


The FWR 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 (see Figure 1). Figures 1 and 2 comprise part of this news release and are posted on the Freewest website at

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 (see Figure 2). Figures 1 and 2 comprise part of this news release and are posted on the Freewest website at 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 It is anticipated that the first phase of drilling will consist of a minimum of 5000 metres comprising approximately 12 drill holes in this initial drill test. Results will be released as they become available.


The Eagle One deposit has yielded some exceptional grades including 5.90% nickel, 3.10% copper, 2.87 g/t platinum, 9.78 g/t palladium over 68.3 metres as well as 6.30% nickel 2.80% copper, 1.90 g/t platinum and 10.20 g/t palladium over 46.2 metres. A recent 43-101 compliant mineral resource calculation yielded an Indicated Mineral Resource of 1.83 million tonnes grading 1.96% nickel, 1.18% copper, 1.12 g/t platinum, 3.91 g/t palladium as well as an Inferred Mineral Resource of 1.10 million tonnes grading 2.39% nickel, 1.27% copper, 1.37 g/t platinum and 4.50 g/t palladium.

Noront also discovered a second nickel-copper occurrence known as Eagle Two, two kilometers southwest of Eagle One. Several drill holes have intersected deformed semi-massive sulphides over widths of up to 26 metres. Noront's latest discovery, the AT12 nickel-copper occurrence, is situated along the same magnetic trend that traverses the FWR Property, some 1000 metres to the southwest. Limited drilling at AT12 testing a northeast-southwest trending magnetic high and coincident conductors, intersected disseminated and semi-massive copper-nickel-iron sulphides over widths of up to 29.2 metres (see Noront News Release dated July 17, 2008).

Noront has also intersected high-grade chromite mineralization over significant widths at the site of the Blackbird One and Blackbird Two occurrences. Chromite mineralization occurring stratigraphically above nickel-copper mineralization in the peridotite intrusion has yielded drill intercepts of up to 51.1% CR2O3 over 48.0 metres.


A recent diamond drilling program completed by Spider Resources and KWG Resources on the Freewest-Spider-KWG joint-venture resulted in the expansion of a new chromite zone hosted in peridotite. To date, high-grade chromite mineralization has been traced over a strike length of 250 metres and to a vertical depth of close to 300 metres. Hole FW-08-07 yielded 30.73% CR2O3 over 14.4 metres while FW-08-05 cut 35.6% CR2O3 over 7.5 metres. One of the more recent drill holes completed on the zone cut 45.6 metres of massive chromite in FW-08-14. (see Freewest News Release dated August 20, 2008). The chromite zone remains open-ended along strike and to depth. Drilling continues on the chromite zone in efforts to expand the area of mineralization with the near-term objective of completing a 43-101 compliant mineral resource estimate on the chromite before year-end.

In addition to further drilling on the chromite zone, several other quality geophysical targets will be drill-tested for their nickel-copper-platinum group element potential.

Spider and KWG may earn a 50% interest in the property by spending $3.0 million on exploration over a 4-year period. They may earn a 60% interest by delivering a bankable feasible study on any mineralization found and a cumulative 65% interest, by arranging project financing on behalf of Freewest to put such mineralization into commercial production.

Freewest and Noront recently agreed to jointly explore a key airborne geophysical anomaly situated near the common boundary of the FWR Property and adjacent land owned by Noront Resources Ltd. Under the agreement terms, Freewest and Noront contributed 68 and 70 acres of their properties respectively, to form the joint-venture (Freewest-Noront JV Property).

The joint-venture property covers a prominent bulls-eye shaped magnetic anomaly resembling the magnetic signature associated with the Eagle One deposit. Deep-penetrating electromagnetic surveys (TDEM) will be completed over the magnetic anomaly to help prepare this target for diamond drilling, anticipated to occur in the late fall of 2008.

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 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.

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