Freewest Resources Canada Inc.

Freewest Resources Canada Inc.

March 06, 2008 10:24 ET

Freewest's Interpretation of Airborne Geophysical Surveys Completed on its McFaulds Properties, Reveal Numerous Anomalies

MONTREAL, QUEBEC--(Marketwire - March 6, 2008) - Mackenzie I. Watson, President and CEO of Freewest Resources Canada Inc. (TSX VENTURE:FWR) (the "Company") is pleased to provide an exploration update on the Company's activities, currently ongoing on its McFaulds properties (the "Property").

The Property consists of 9 mineral claims situated 3.8 kilometres northeast of the Eagle One and Eagle Two nickel-copper-platinum group element (PGE) occurrences of Noront Resources Ltd. Four (4) of the claims are wholly-owned by Freewest (Freewest claims), while the remaining 5 claims are under option to Spider Resources Inc. and KWG Resources Inc. (Freewest JV claims). Spider and KWG may earn a 50% interest in the 5 claims from Freewest by spending $3,000,000 on exploration over a 4-year period. They may earn a 60% interest by delivering a bankable feasibility study on any mineralization identified and a cumulative 65% interest by arranging project financing for Freewest to place such mineralization into commercial production. The Property is located in the Sachigo greenstone belt, 300 kilometres north of Nakina in the James Bay Lowlands of northern Ontario.


The first discovery by Noront, known as Eagle One, has yielded some exceptional grades including 5.90% nickel, 3.10% copper, 2.87 g/t platinum and 9.78 g/t palladium over 68.3 metres (NOT-07-05) as well as 6.30% nickel, 2.80% copper, 1.90 g/t platinum and 10.20 g/t palladium over 46.2 metres in drill hole NOT-07-27. The deposit occurs in ultramafic rocks described as peridodite, within the basal lower-most portion of the volcanic pile comprising the greenstone belt.

Noront recently announced the discovery of a second nickel-copper massive sulphide occurrence known as Eagle Two, situated 2 kilometres southwest of Eagle One. To date, 4 drill holes have yielded semi-massive to massive sulphides over widths of 3 to 26 metres in deformed, altered peridotite, containing pyrrhotite, magnetite, chalcopyrite and pentlandite. Significantly, 3 of the 4 drill holes intersected chromitite layers and seams, closely associated with semi-massive and massive sulphide zones of mineralization.

Both of the Eagle One and Eagle Two occurrences are intimately associated with discrete magnetic anomalies (magnetic highs) and coincident electromagnetic anomalies known as conductors.


Freewest recently completed a compilation and interpretation of two airborne geophysical surveys flown for the Company, namely the Fugro Airborne survey in 2004 and the Aeroquest International Limited survey in late 2007.

Based on the airborne geophysical surveys and geological evidence, it is clear that the Property covers the northeast extension of the peridodite that hosts the Eagle One and Eagle Two occurrences. Both the Freewest claims, as well as the Freewest JV claims, contain numerous anomalies that are similar to the geophysical signature obtained over the Eagle One occurrence, specifically, a coincident magnetic high and conductor (Figure 1). These anomalies are of prime exploration interest and are obvious targets for diamond drilling.

Figure 1 is part of this news release and is posted on the Freewest website at

Lending further support to the geophysical anomaly similarities between Eagle One and those on the Property is the geological evidence yielded in drill hole FW-06-03. This drill hole was completed on the Freewest JV claims by the operator in 2006 and intersected 2 chromitite layers, capping a thick section of peridotite. Limited sampling of the chromitites returned high chrome values and anomalous levels of nickel, copper and platinum-group-elements. The drill test clearly demonstrates the presence of magmatic styles of mineralization occurring within peridotite and highlights the importance of the chromitite horizon intersections, particularly in light of the recent results obtained by Noront at Eagle Two.

The Company also completed a detailed interpretation of the preliminary data generated by the Aeroquest survey. The interpretation reveals numerous northeast-trending conductor panels and coincident magnetic anomalies, including 8 on the Freewest JV claims and 5 on the Freewest claims (Figure 2). The location of these anomalies indicates that they are all situated close to the base of the volcanic pile within peridotite, the same geological setting as at Eagle One and Eagle Two.

Figure 2 is part of this news release and is posted on the Freewest website at


Freewest is currently completing detailed ground geophysical surveys on the Freewest claims in preparation for diamond drilling. These include ground magnetic, horizontal-loop electromagnetic (HLEM) and high-power deep electromagnetic surveys (deepEM). It is anticipated that some of these surveys will be completed shortly, enabling the completion of an initial diamond drilling program testing some of the targets before spring break-up.

Similarly, on the Freewest JV claims, Spider Resources Inc. and KWG Resources Inc. have completed line cutting and subsequent magnetic and HLEM surveys in the locate of the chromitite occurrence (FW-06-03) and on the conductor adjoining drill hole FW-06-03. Drilling is anticipated to commence on Friday of this week.

Results for both properties will be released as they become available.

Freewest is a well-financed mineral exploration company 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.

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.

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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