Freewest and Noront Commence Drilling of Prospective Airborne Geophysical Anomaly on Their Joint-Ventured McFaulds Property, Northern Ontario
MONTREAL, QUEBEC - (Oct. 26, 2009) - Freewest Resources Canada Inc. (TSX VENTURE:FWR) ("Freewest") and Noront Resources Ltd. (TSX VENTURE:NOT) ("Noront"), today announce the commencement of diamond drilling on the 55.8 hectare property, jointly held by Freewest and Noront (the "JV Property"), in the McFaulds Lake area of northern Ontario. The JV Property comprises one of three properties in which Freewest is currently exploring, on its own and in strategic joint-venture agreement arrangements in the "Ring of Fire" metals district.
The JV Property covers a prominent bull's eye-shaped magnetic feature defined by airborne geophysical and ground geophysical surveys. Modeling of the ground magnetic and airborne data is suggestive of a tabular body, at depths ranging from 24 to 125 metres, that dips steeply to the northwest. It further suggests that the width of the body is from 36 to 88 metres and has a strike length of approximately 300 metres. Aside from weak, early-time responses from both moving-loop ground TDEM (Time Domain Electromagnetic) and surface Pulse EM surveys, there are no significant conductors associated with the magnetic feature.
The initial program will involve the completion of a few shallow drill holes (2 to 3 holes comprising 1000 metres) testing the geophysical feature to establish the geological setting and potential host rocks that reflect it. Down-hole Pulse EM surveys as well as deeper drilling of the target will be completed where warranted or, as the need arises. Drilling results will be released as they become available.
Under the terms of the joint-venture agreement, Freewest contributed 68 acres (27.5 hectares) comprising a small portion of its 100%-owned property. Noront in turn, contributed 70 acres (28.3 hectares) of their adjoining property to collectively form the JV Property. Freewest and Noront will share exploration costs on a 50%-50% basis and will share any mineralization found on a similar basis. Freewest will act as the initial operator on the project.
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 JV Property and is responsible for the preparation of this news release.
Freewest is a well-financed mineral exploration corporation with over C$4.0 million in working capital. It is actively exploring for gold, base-metals and chromite within eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. 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.
For more information, please contact
Freewest Resources Canada Inc.
Mackenzie I. Watson
President and CEO
(514) 878-3551 or 1-888-878-3551
(514) 878-4427 (FAX)
info@freewest.com
www.freewest.com
or
Bay Street Connect
Michael D'Amico
Investor Relations
(647) 500-6023
or
AGORACOM Investor Relations
FWR@Agoracom.com
http://agoracom.com/ir/freewest
