Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (26105)	6/23/2005 6:10:59 PM
From: bacchus_ii	Respond to of 108747

FREEWEST ADVANCES SUNGOLD COPPER-ZINC DISCOVERY, SHEBANDOWAN GREENSTONE BELT, NORTHWESTERN ONTARIO Montreal, Quebec, Canada, June 23, 2005 – Freewest Resources Canada Inc. (the “Company”) (FWR:TSX-V) is pleased to provide the following update on exploration activities recently completed on the Company’s Sungold copper-zinc property. This 100%-owned property comprises 93.6 square kilometres and is situated 120 kilometres west of Thunder Bay in the Shebandowan greenstone belt of Northwestern Ontario. Following spring break-up, priority was given to the completion of ground geophysical surveys covering the immediate locale of massive, semi-massive and stringer zone copper-zinc mineralization discovered in March of 2005 (see news release of March 16, 2005). To facilitate this, Freewest completed 25 kilometres of horizontal-loop electromagnetic surveys (HLEM), an induced polarization survey (IP), as well as total field magnetic surveys on the Wye Lake discovery located on the Sungold property. Ground Geophysical Surveys Collectively, the ground geophysical surveys have assisted in defining the mineralized horizon intimately associated with volcanic-hosted copper-zinc mineralization over a strike length of one kilometre. The geophysical surveys in combination with preliminary geological mapping indicate that the one kilometre-long trend is broken into three distinct segments. The northeast segment is 150 metres long and contains massive sulphide mineralization at its northeastern extremity (up to 12.49% copper and 32.80% zinc). The central segment of the geophysical anomaly is the strongest and most continuous of all and consists of coincident, strong IP, HLEM and magnetic anomalies over a 550 metre strike length. This segment is coincident with mineralized pits yielding assays of up to 3.04% copper and 9.60% zinc obtained from stringer and massive sulphide mineralization. The southwestern segment is 100 metres long and is open along trend to the southwest. Preliminary geological mapping just recently completed, has revealed strong chloritic alteration in the footwall of the mineralized horizon and a banded, cherty tuff unit in the hanging wall. A compilation map showing the geophysical anomalies and copper-zinc mineralization is posted on the Freewest website at www.freewest.com. Click Here for Map Airborne Geophysical Survey In other developments at the Sungold discovery, the Company has received results of a recently completed VTEM airborne geophysical survey flown by Geotech Ltd. The airborne survey was completed to provide a data base over additional ground acquired by Freewest to the southwest of its original discovery (see news release of March 25, 2005). Highlighting the results of the new survey is the definition of one high priority target known as the Island Lake anomaly. This anomaly is comparable to the Wye Lake anomaly (copper-zinc discovery) in terms of its areal extent and apparent conductivity. The Island Lake anomaly is thought to occur at the same stratigraphic level within the volcanic pile as the Wye Lake anomaly and is located four kilometres to the southwest of the latter. Separately, the Pats Lake anomaly, located 2.4 kilometres to the northeast of the Wye Lake anomaly is also a very prospective target for base metal mineralization. A map showing airborne electromagnetic anomalies with apparent conductivity is posted on the Freewest website at www.freewest.com. General Click Here for Map The Company is presently in the process of reinstalling a bridge and culverts in order to provide year-round access to the Wye Lake grid and to other parts of the property. Upon completion later this week, backhoe trenching and further geological mapping will be undertaken on the Wye Lake discovery in preparation for an initial and extensive mid-July diamond drilling program. Freewest management stated: “We are very pleased with the geophysical results on the Wye Lake discovery in terms of their strength and extent and look forward to advancing the discovery through additional geological mapping, initial trenching and diamond drilling later in July. We are also keen on the prospects of the nearby Island Lake and Pats Lake airborne electromagnetic anomalies as volcanogenic massive sulphide deposits tend to occur in clusters. Prospecting and initial ground exploration will be commencing shortly on these new targets.” Donald Hoy, P. Geo. (Ontario), Vice President of Exploration and a director of Freewest Resources Canada Inc., is the Qualified Person on the Sungold property and is responsible for the preparation of this news release. Freewest is a mineral exploration company exploring for gold and base metals 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. For further information please contact: Mackenzie I. Watson President and CEO Tel: (514) 878-3551 or 1-888-878-3551 Fax: (514) 878-4427 E-mail: info@freewest.com Website: www.freewest.com The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.