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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)
Message: What's stoping NOT
Freewest Resources Canada Inc., Spider Resources Inc. & KWG Resources Inc. Provide Exploration Update on the Big Daddy Chromite Prospect
- Hole FW-09-29 intersects 74.9 metres of massive chromite mineralization.
- Metallurgical tests conclude that greater than 40% Cr2O3 can be
considered direct shipping ore with 1.9 Cr:Fe ratio
MONTREAL, QUEBEC--(Marketwire - Oct. 14, 2009) - Freewest Resources Canada
Inc. (TSX VENTURE:FWR) ("Freewest"), Spider Resources Inc. (TSX
VENTURE:SPQ) ("Spider") & KWG Resources Inc. (TSX VENTURE:KWG) ("KWG") are
pleased to provide an exploration update on the Big Daddy Chromite
property. Eight drill holes, 2,073 metres, have been completed, and have
tested the Big Daddy Chromite prospect (a magmatic chromium deposit type)
along its geophysically inferred strike length to Line 20 East, and to a
vertical depth of approximately 180 metres. The total amount of drilling in
this campaign is estimated to be 11,000 metres in 28 drill holes. The drill
program is deigned to test the entire geophysically inferred strike length
on the property to a depth of +/- 250 metres.
Freewest currently holds a 50% interest in the Big Daddy chromite property,
while joint-venture partners Spider and KWG retain equal 25% interests
each, respectively.
Drill Program:
Drilling has progressed significantly since the last report of October 1,
2009, where holes FW-09-24 and 25 were reported on section 1400 metres
east. Drill spacing for this first pass of drilling was established at 200
metres, testing the entire geophysically inferred strike length to section
2000 metres east. Drilling has successfully encountered chromite
mineralization in each section. Since the start of the project in 2006
chromite mineralization has been established from Line 900 metres East to
and including Line 2000 metres East, for a strike length of 1100 metres
thus far. Additional drilling is underway to the Northeast in an area where
the geophysical expression of the chromite mineralization appears to be
disrupted by faulting.
Hole FW-09-26 entered a fault zone in pyroxenite between 9 and 45 metres
depth and then continued in an altered pyroxenite to the end of the hole at
207 metres. No significant chromite mineralization was encountered.
Hole FW-09-27 was designed to step back and undercut Hole FW-09-26. This
hole encountered massive chromite between 173.3 and 186.8 metres (13.5
metres massive chromite), followed by a second zone of massive chromite
mineralization between 208 and 247 metres (39 metres of massive chromite).
Hole FW-09-28 was designed as a 200 metre northeasterly step out from holes
FW-09-26 and 27. The hole encountered massive chromite between 39 and 60.5
metres (21.5 metres massive chromite).
Hole FW-09-29 was designed to undercut Hole FW-09-28. Chromite
mineralization was encountered between 117.4 and 136 metres (18.6 metres of
massive chromite), followed by another zone of massive chromite with narrow
beds of semi-massive chromite that was encountered between 234.8 and 244.3
metres (massive chromite over 9.5 metres), followed by a very thick bed of
massive chromite between 248.6 and 323.5 meters (74.9 metres of massive
chromite).
Hole FW-09-30 was designed to test a 200 metre northeasterly step out from
Holes FW-09-28 and 29. At the bedrock - overburden interface of 23.7
metres, the hole immediately entered massive chromite and stayed in this
until 33.8 metres (10.1 metres of massive chromite subcropping).
Hole FW-09-31 was designed to be a 200 metre step out from Holes FW-09-28
and 29 and to undercut Hole FW-09-30. Between 235.9 and 264.5 metres,
massive chromite was encountered (28.6 metres of massive chromite).
True widths of the chromite mineralization have yet to be determined, as
this is typically done once the geometry (attitude, dip, strike) of the
mineralized body is determined. The systematic drill pattern as planned is
designed to better understand the Big Daddy Chromite Prospect along its
entire strike length at regular intervals; the chromite mineralized
intersections are quite variable due to the geological nature of the
intrusion. Once the current program is completed, an estimate of true width
will be provided. At current rate of drilling, it is anticipated that the
field portion of the program will be completed by early December.
/T/
Summary of Drill Results:
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Mineralization
DDH ID Completed Line Sta # Azimuth Dip Length Highlights
----------------------------------------------------------------------------
FW-09-24 Sep 26 / 09 14 E 1700 N 150 50 219 64.43 - 86.0
Intermittent Cr beds
86.0 - 101.85 diss
Cr in peridotite
101.85 - 132.2
Massive Cr
----------------------------------------------------------------------------
FW-09-25 Sep 30 / 09 14 E 1800 N 150 50 339 151.9 - 200.75 diss
Cr + occ Cr bed
in Per
200.75 - 213 fault
213.0 - 232.39 diss
Cr + occ Cr beds
in Per
232.39 - 270.35
Massive Cr
----------------------------------------------------------------------------
FW-09-26 Oct 2 / 09 16 E 1700 N 150 50 207 Cr zone displaced
by fault
166.55 - 178.5 fault
in Pyx with trace
py, po, cpy
----------------------------------------------------------------------------
FW-09-27 Oct 6 / 09 16 E 1800 N 150 50 321 171.0 - 173.3 diss
Cr in Dunite
173.3 - 186.8 Massive
Cr
186.8 - 189.0 diss
Cr in Dunite
189.0 - 208.0 diss +
intermittent Cr in
Dunite
208.0 - 247.0
Massive Cr
----------------------------------------------------------------------------
FW-09-28 Oct 5 / 09 18 E 1745 N 150 50 207 39.0 - 60.5
Massive Cr
120.0 - 137.3 fault
with py, cpy
----------------------------------------------------------------------------
FW-09-29 Oct 10 / 09 18 E 1850 N 150 50 368 70.1 - 117.35
intermittent Cr
beds in Dunite
117.35 - 136.0
Massive Cr
136.0 - 148.0 diss Cr
in Dunite
226.0 - 230.7 Semi
Massive - Massive Cr
231.45 - 233.0 Semi
Massive Cr
234.75 - 244.3
Massive Cr
248.6 - 323.5
Massive Cr
----------------------------------------------------------------------------
FW-09-30 Oct 11/09 20 E 1750 N 150 50 77 23.7 - 33.8
Massive Cr
----------------------------------------------------------------------------
FW-09-31 Oct 11/09 20 E 1850 N 150 50 335 205.4 - 235.9
intermittent Cr
beds + diss in Dunite
235.9 - 264.5 Massive
Cr (dyked off??)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Abbreviations: Cr (chromite), py (pyrite), cpy (chalcopyrite), po
(pyrrhotite), diss (disseminated), Per (peridotite), Pyx (pyroxenite).
/T/
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