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MONTREAL, QUEBEC, CANADA-(April 30, 2008) - Mackenzie I. Watson, President and CEO of Freewest Resources Canada Inc., (TSX VENTURE:FWR) and Henry A. Miller, COO of Rockport Mining Corp. ("Rockport"), today report the results of additional diamond drilling completed on the Clarence Stream gold property (the "Property"). The Property comprising 11,296 hectares is located close to infrastructure, 70 kilometres southwest of Fredericton and 10 kilometres east of the Mount Pleasant tin-tungsten-molybdenum-indium facility in Charlotte County, southwestern New Brunswick.
Management is further encouraged by the resource expansion of the Deep Zone and by the discovery of the New Zone which returned 17.25 g/t Au over a width of 5.00 metres in CS08-290. Collectively, continued drilling of both zones along strike and to depth should significantly add to the gold mineral resource at Clarence Stream, a prime goal of the 2008 drilling campaign. In addition, planned drilling will continue to test the mineralized trend along it's 15 km length in areas such as the East Zone where previous shallow drilling encountered mineralization grading 12.51 g/t Au over a width of 3.0 metres (CS07-246) and 12.45 g/t Au over 4.5 metres (CS07-240).
Previous drilling along this 15 km trend has been shallow, generally above the 100 meter level. The continued success of the current "deeper" drill program has demonstrated the scale of this large gold system and its resource potential at depth. Rockport Mining Corp. is currently funding an aggressive first-year $3,000,000 exploration program at Clarence Stream under the operatorship of Freewest. The prime objective is to increase the project's mineral resource to the million-ounce plus range during 2008. Due to the ongoing success, Freewest and Rockport are currently outlining plans to further accelerate the resource expansion drilling at Clarence Stream.
Recent drilling was directed at continuing to expand on the dimensions of the Deep Zone. Highlighting the results obtained from prior drilling of the Deep Zone are drill intercepts of 7.98 g/t Au over 12.00 metres (CS08-272) and 7.11 g/t Au over 5.00 metres (CS08-273) (see Freewest news release of February 29, 2008). Additional intercepts include 16.60 g/t Au over 2.00 metres (CS08-290), 3.86 g/t Au across 4.00 metres (CS08-289) and 3.50 g/t Au over 4.00 metres, in drill-hole CS08-284. The significant drill results obtained from the recently completed drilling program are summarized below in Table 1.
The Deep Zone currently has been traced over a strike length of 550 metres (line 500E to line 1050E) and at depths ranging from 200 metres to 450 metres below surface. It currently remains open-ended along strike and to depth (see Figure 1 - Longitudinal Section of the Proximal Deposits is part of this news release and is posted on the Freewest website at www.freewest.com). Mineralization occurs in a high-strain zone in quartz veins, quartz stock-work and disseminations, hosted within biotite-cordierite hornfels as well as microgranite and gabbro dikes and sills.
While drilling the Deep Zone, a new parallel zone of gold mineralization was encountered immediately to the north of the Deep Zone, within its hanging wall. The zone known as the New Zone, has been currently tested over a strike length of close to 650 metres (from line 500E to 1150E) and to a maximum depth of about 300 metres below surface. It too, remains completely open along strike and to depth.
Highlighting the results obtained from the New Zone are drill intercepts of 17.25 g/t Au over a width of 5.00 metres (CS08-290), 3.86 g/t Au over 4.00 metres (CS08-289) and 26.60 g/t Au over a core length of 0.50 metres (CS07-270). The style and nature of mineralization in the New Zone is similar to that of the Deep Zone, with gold occurring in quartz veins and wall-rock disseminations within metasedimentary rocks in close association with microgranite sills. In hole CS08-290, appreciable visible gold occurs with arsenopyrite, sphalerite, pyrite, pyrrhotite and stibnite in sheared recrystallized quartz veins.
The significant drill results obtained from the New Zone are summarized in Table 2 below.
Under the terms of an agreement with Freewest (October 2007), Rockport may earn a 30% interest in the Property by spending $3,000,000 on exploration on or before October 2008. They may earn a cumulative 50% interest by spending $4,500,000 on exploration prior to October 2011. A cumulative 65% interest may be obtained by Rockport by funding the Property through to a feasible study. Rockport is a well-funded St. Andrews-based mineral exploration company.
Glen Lutes, P. Geo. (New Brunswick) is the qualified person on-site at the Clarence Stream property. Donald Hoy, P. Geo. (Ontario), Vice President of Exploration and a Director of Freewest Resources Canada Inc. is responsible for the preparation of this news release.
Freewest is a well-funded mineral exploration corporation, with working capital in excess of $9 million, exploring for gold and base-metals in Eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest' shares are listed on the TSX Venture Exchange under the symbol FWR.
The TSX Venture Exchange has not approved and does not accept responsibility for the adequacy or of this press release.
CONTACT INFORMATION: Freewest Resources Canada Inc. Mackenzie I. Watson President and CEO 514-878-3551 or 1-888-878-3551 Fax: 514-878-4427
or
Rockport Mining Corp. Henry A. Miller Chief Operation Officer 506-529-8206 Fax: 506-529-8595 |
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