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Freewest Resources Canada Inc. Quick Quote: FWR 0.31 (+0.04)
Extends Strike Length of High-Grade Gold Zone on Larose Property
11/11/03
in Northwestern Ontario
Mackenzie I. Watson, President and CEO of Freewest Resources Canada Inc., is pleased to announce the receipt of additional high-grade gold assays, obtained recently from the Larose property. The property comprises 3,546 hectares and is located 120 kilometres west of Thunder Bay, in the Shebandowan Greenstone Belt of northwestern Ontario. The 100%-owned property contains a newly discovered high-grade auriferous corridor, known as the Main Zone, initially exposed intermittently by Freewest over a 900-metre strike length (see news release of August 20, 2003).
Recent prospecting and backhoe stripping by Freewest have increased the strike length of the Main Zone to 1500 metres, with the discovery of the Northwest View occurrence. A total of 17 selected grab samples, collected from the Northwest View occurrence, yielded an average assay of 23.85 g/t gold (18.01 g/t gold when individual assays are cut to 30 grams), with assays ranging from 0.02 to 62.93 g/t gold.
The following table summarizes assay results obtained from selected samples collected to date from the Main Zone, over its 1500-metre strike length (results in bold and italics are those obtained from the recent prospecting program).
Gold Grid Coordinates Au (g/t) RemarksOccurrence (metres) J&R 380S, 130W 2.56 Probable parallel zone to Main Zone J& R 355S, 136W 1.42 Probable parallel zone to Main Zone J&R 360S, 140W 79.20 Probable parallel zone 8.62 to Main ZoneLarose 010S, 005E 13.78 Main ZoneLarose 012S, 000E 1.37 Main ZoneLarose 005S, 005E 64.87 Main Zone, visible goldLarose 010N, 005W 33.13 Main ZoneLarose 012N, 007W 1.65 Main Zone P 100N, 005W 3.27 Main Zone P 110N, 012W 5.55 Main Zone P 115N, 005W 23.81 Main Zone, visible gold P 117N, 001W 3.75 Main Zone P 140N, 005E 98.05 Main Zone, visible gold P 146N, 008W 293.57 Main Zone, heavy lead-zinc 277.60 mineralization P 150N, 005W 371.94 Main Zone, visible gold P 165N, 005W 33.33 Visible goldSnoopy 285N, 010W 2.68 Main ZoneSnoopy 288N, 015W 1.02 Main ZoneSnoopy 290N, 017W 2.25 Main ZoneSnoopy 295N, 010W 10.15 Main ZoneSnoopy 293N, 008W 2.31 Main ZoneSnoopy 298N, 020W 2.01 Main ZoneSnoopy 301N, 018W 1.76 Main ZonePorphyry 475N, 002E 3.50 Main Zone, porphyry hostedPorphyry 520N, 005W 3.22 Main Zone, porphyry hostedPorphyry 520N, 007W 1.53 Main Zone, porphyry hostedPorphyry 522N, 005W 3.87 Main Zone, porphyry hostedNorthwest View 1500N,015W 62.93 Northeast extension of 1510N, 017W 51.50 Main Zone, sediment and 1508N, 022W 49.51 porphyry-hosted 1512N, 020W 43.35Assays performed by Accurassay Laboratories of Thunder Bay, Ontarioutilizing the fire assay method on 30 grams of prepared sample.
The Northwest View occurrence consists of a sheared sericitic alteration zone developed at the contacts between sedimentary rocks and quartz-feldspar porphyry sills. Alteration and deformation are exposed over a true width of about 10 metres at this site. The highest gold grades were obtained from shear zones characterized by quartz flooding and sericitic alteration, and containing moderate to appreciable amounts of galena, sphalerite and chalcopyrite.
Collectively, the Larose, P, Snoopy, Porphyry and Northwest View occurrences comprise the Main Zone, now exposed over a 1500-metre strike length. The Main Zone remains completely open-ended along strike and has never been tested by diamond drilling. It contains a series of discrete northeast-trending shear zones, enveloped within a broader zone of deformation, that attains widths of up to 30 metres. The shear zone cuts a broad sequence of moderate to intensely altered greywacke and siltstone, intruded by a series of quartz-feldspar porphyry sills.
To supplement the new discoveries, an Induced Polarization (IP) survey was completed to create a geophysical data base to correlate with the showings and to aid in geological interpretation. The Main Zone is coincident with a strong IP anomaly (chargeability) that extends beyond the area of exposed mineralization. Several other IP anomalies were defined by the survey, in addition to that coinciding with the Main Zone, suggesting the presence of additional mineralized zones.
'We are very pleased with the progress to date on the Larose property, particularly by the strength and persistence of the mineralized structure containing multi-ounce gold grades along its entire explored strike length. There are similarities in the geologic setting of the Larose property with that of the Hemlo district in Ontario and the Malartic gold camp in Quebec, that have produced over 20 million ounces and 5 million ounces of gold, respectively. The high-grade mineral occurrences, in combination with the IP results at Larose, will be targeted in a first-phase diamond drilling program slated to commence in early December,'states Mr. Watson.
Freewest is a mineral resource company aggressively exploring for gold, platinum-group metals and base metals primarily within Eastern Canada. Corporate information may be accessed on the Internet at www.freewest.com. Freewest's shares are listed on the TSX Venture Exchange under the symbol FWR.
CONTACT: TEL: (514) 878-3551 Mackenzie I. Watson, President
FAX: (514) 878-4427
Toll Free: 1-888-878-3551