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Gold/Mining/Energy : FREEWEST RESOURCES T.FWR / M.FWR -- Ignore unavailable to you. Want to Upgrade?


To: Bruce Robbins who wrote (195)2/28/2001 12:43:56 PM
From: russwinter  Respond to of 253
 
Also add 1.65 @ 12.66, 6.5 @ 4.45, 2 @ 12.45. 0.5 @ 23.63. Starts to add up, and this is only from 947 meters of drilling. Isn't the one to two meter width typically of skarn deposits? The surface sampling has been quite spectacular in many spots and the structure has a strike length of two kilometers. Look over the "hot spots" map, it is more than just promising. They also have a large land holding of PGE concessions. That's a bonus.

Market cap is really pretty small at US 6.5 million and they are well cash up. 25 to 50 million shares out and under 75 cents trading is getting to be par for the course anymore even among some pretty well known advanced staged explorers. Roll back? They all just need investor interest.



To: Bruce Robbins who wrote (195)3/1/2001 4:57:29 PM
From: russwinter  Read Replies (2) | Respond to of 253
 
The sleeper among FWR's stable may be McKewen Lake right next to GEO's Marathon palladium project (another promising one). There is visible mineralization that carries right onto McKewan. The Coldwell Complex has some excellent mineralization and not enough recognition.

geomaque.com

McKewen Lake, Ontario

Freewest is pleased to announce the acquisition of its wholly owned McKewen Lake property which contains a new base and precious-metal discovery offering volcanogenic massive sulphide potential. The discovery was made by prospectors Terry Nicholson and Gaston Gratton while prospecting new logging roads. The 10,000 acre property is situated approximately 65 kilometres NW of the town of Wawa in the eastern portion of the Michipicoten greenstone belt about 12 kilometres due west of the formerly producing Renabie gold mine.

To earn a 100 percent interest in the property, Freewest must make cash payments totalling $75,000 and issue 140,000 shares over a 4 year period. The vendors will retain a 2.5 percent Net Smelter Return Royalty.

This discovery consists of heavily disseminated to semi-massive, banded sphalerite, pyrite and lesser chalcopyrite hosted within sericitized and chloritized felsic volcanic flows and fragmentals. Such mineralization has been uncovered over a true width of 3 metres in preliminary trenching and is contained within a broader zone of altered felsic volcanics containing disseminated sulphide mineralization. Grab samples of semi-massive sulphide mineralization contains 6.60 percent, 2.73 percent, 3.87 percent, 3.61 percent, 3.52 percent, 3.66 percent, 2.19 percent and 6.59 percent Zinc with 1.34, 2.23, 0.96 2.19, 5.59, 1.23, 1.68 and 0.74 g/t Gold respectively. Flanking wallrock samples situated up to 15 metres away from the heavy mineralization contain up to 0.5 percent Zinc and 575 ppb Gold and are characterized by Na depletion as well as K, Fe and Hg enrichment.

Previous exploration efforts on the property were solely precious metal oriented and uncovered a number of narrow, high grade veins containing visible gold. These veins appear to crosscut the semi- massive style of mineralization. Additionally, a number of untested IP anomalies are situated in the locale and constitute prime trenching targets. Elsewhere on the large claim group, a number of coincident airborne EM and Copper-Gold lake sediment anomalies are underlain by predominantly felsic volcanic rock. These anomalies will be targeted in subsequent exploration and auger well for the discovery of additional mineralization. A first-phase exploration program of trenching and ground geophysics is currently underway at the site of the main discovery.