NEWS RELEASE:
FWR 1999-02-03 (provided courtesy of Canadian Corporate News.)
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Freewest Trenching Uncovers Broad Gold Zones at the Golden Ridge Property, New Brunswick & Maine
MONTREAL, QUEBEC--Freewest Resources Canada Inc. is pleased to
announce the results of ongoing exploration undertaken on its 100
percent owned, Golden Ridge property. The 22,560 acre property is
located approximately 80 kilometres west of Fredericton in west-
central New Brunswick, straddling the Maine-New Brunswick border.
Recent trenching has focussed on the Poplar Mountain prospect
situated in New Brunswick. Earlier exploration work completed on
this prospect identified at least 12 in-situ gold showings
occurring within an area measuring 500 metres by 500 metres. Such
mineralization is hosted within intense sericite-carbonate,
altered dacite, a high-level subvolcanic intrusion comprising part
of the Poplar Mountain volcanic complex (PMVC). The PMVC is a 4.5
kilometre-long, 1.0-kilometre-wide volcanic centre comprising
andesitic to dacitic flows, pyroclastic rocks and subvolcanic
intrusions. The volcanic centre is intimately related to a major
geological terrane boundary marked by the crustal-scale, Woodstock
Fault.
Trenching at the Poplar Mountain prospect has uncovered broad,
mineralized deformation zones in dacite porphyry containing quartz
vein stockwork and quartz breccias within, and on the margins of
the Woodstock Fault. In trench 2, a brittle-ductile shear zone
associated with the Woodstock fault contains appreciable
disseminated pyrite and arsenopyrite. A weighted channel sample
cut across the structure returned 1.2 g/t Au across 28.0 metres.
One hundred metres to the south, trench 5 uncovered the same
structure over a true width of 60 metres. Due to heavy snowfall,
channel sampling was not completed however, the average of 19 grab
samples collected across the 60 metre-wide mineralized zone is 1.8
g/t Au. Notably, this mineralized structure is coincident with a
resisitivity high delineated by a recent IP survey. The
resistivity anomaly is 900 metres long and is open ended along
strike to the NE and SW.
A parallel, mineralized structure was also encountered 100 metres
to the west of the Woodstock Fault in trench 3. Channel sampling
of this zone returned 1.3 g/t Au across 21.0 metres. All of the
mineralized zones show remarkable consistency in gold grade with
assays ranging from 210 ppb to 5530 ppb, reflecting the
disseminated nature of mineralization. Individual channel cuts
are 0.5 metres long. Assaying was performed by Chemex Labs Ltd.
in Mississauga, utilizing the Fire Assay technique on 30 grams of
sample pulp.
Elsewhere on the property, soil geochemistry results have been
received and plotted for the balance of the grid surveyed to the
north of Poplar Mountain in Maine. Several strong gold, arsenic
and antimony anomalies have been identified within the PMVC. The
most prominent is located 3 kilometres north of the Poplar
Mountain prospect at the north end of the grid. Such an anomaly
is 1.2 kilometres long and contains gold in-soil values of up to
875 ppb. A new showing yielding gold values of 7.1 and 5.8 g/t is
contained within this anomaly.
Prospecting in Maine has also located several large metre-size
blocks of debris flow, pyroclastic rocks containing fine-grained,
massive sulphide clasts. The clasts assay up to 0.192 percent Cu,
6.13 percent Pb, 11.1 percent Zn, 108 g/t Ag and 1.1 g/t Au. A
series of isolated, weak to moderate strength airborne
electromagnetic anomalies situated nearby suggest a possible
source area for the massive sulphides.
Clearly, the potential for the discovery of significant gold
deposits and base-metal mineralization is excellent at Golden
Ridge, given the occurrence of widespread mineralization and
numerous, strong soil anomalies over a large area within the PMVC.
Within such a geological and structural setting, a variety of
precious and base metal deposit types can exist.
Exploration at Golden Ridge is continuing with the undertaking of
a pionjar overburden drilling program. This will be followed by a
first-phase, diamond diamond drilling program targeting the Poplar
Mountain prospect. Drilling is anticipated to begin by mid-
February.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Freewest Resources Canada Inc.
Mackenzie I. Watson
President
(514) 878-3551 or 1-888-878-3551
(514) 878-4427 (FAX)
e-mail: info@freewest.com
Web Site: freewest.com
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