The Small Cap Epicenter
Freewest’s McFaulds property is located 3.8 kilometres east-northeast of Noront’s Eagle One and Eagle Two nickel-copper-platinum group element discoveries within the Sachigo greenstone belt of northwestern Ontario. Drill results from Eagle One include 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 (NOT-07-27)
McFaulds Property - BLACK THOR CHROMITE ZONE DRILLING RESULTS (June 2, 2009):
- Drill hole BT-09-37 yields 34.1% Cr2O3 over 174.0 metres from the Black Thor chromite occurrence
- The 174-metre intercept contains 3 higher-grade sections including 40.4% Cr2O3 over 38.0 metres, 43.1% Cr2O3 over 64.0 metres and 41.6% Cr2O3 across 35.0 metres
- Twenty seven (27) of thirty one (31) drill holes completed over a 2.6 kilometre strike length at Black Thor, have intersected significant chromite mineralization, representing a success rate of 87%
The Company also intends on testing numerous nickel-copper-PGE targets situated in the footwall to the Black Thor chromite occurrence. The targets comprise discrete conductors, magnetic highs and gravity anomalies all contained within an area of strong conductivity defined by the VTEM airborne geophysical survey (see Map 2). A Crone Pulse EM survey was recently completed over the large conductive area to assist in fine-tuning the location of drill targets. A full interpretation of this survey should be forthcoming shortly enabling the onset of drilling such targets in the near term.
