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Freewest Resources has several promising properties under exploration, the most interesting of which is dubbed the "Botswana Elephant Hunt". This is base metals play, and 50/50 joint venture (JV) with Fancamp Resources. The JV has several very large properties along the Kalahari Suture Zone, in western Botswana. A recently completed airborne magnetic survey has revealed a very large number of mafic/ultramafic intrusive targets, many at relatively shallow depths. The companies describe one specific target "as being in a class of its own" - "an intense magnetic feature, some 10 by 13 km". Half of this target, dubbed "THE GREAT RED SPOT" is on the JV propery, the other half being on Falconbridge Ltd. property. The JV is planning a drill program for this fall, and any sign of base/precious metals in this previously unexplored area (under desert sands) could bring this new area play some major attention. John Kaiser has been following this story from the start, and his newsletters can be found at info-mine.com . At the time of this writing the share price is $1.10 Can. I hope I can look back at this price in 3 months and have a long happy laugh. CHEERS! | ||||||||||||||
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