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MONTREAL, QUEBEC--(Marketwire - Dec. 7, 2009) - Freewest Resources Canada Inc. (TSX VENTURE:FWR), Spider Resources Inc. (TSX VENTURE:SPQ) and KWG Resources Inc. (TSX VENTURE:KWG) are pleased to provide assay results for recently completed drilling at the Big Daddy Chromite property located in the James Bay Lowlands of northern Ontario. The Big Daddy property is currently a joint-venture involving Freewest Resources Canada Inc. (50%), Spider Resources Inc. (25%) and KWG Resources Inc. (25%).
Assay Results for Recent Drilling:
Analytical results have recently been received for the first 7 holes of 22 holes being assayed. Visual observations for these seven holes were previously reported on October 14th 2009.
Holes FW-09-24 and 25 are located on Section 14+00E. Both encountered significant chromite mineralization.
Holes FW-09-26 and 27 are located on Section 16+00E. Hole 26 failed to intersect chromite mineralization. The targeted mineralization intended to be intersected by this hole is interpreted to have been displaced by faulting, whereas Hole 27, which undercut Hole 26, intersected two zones of massive chromite mineralization, followed by a short intercept of Platinum and Palladium averaging 1.66 g/t (Pt + Pd).
Holes 28 and 29, situated on Section 18+00E, both intersected significant widths of chromite mineralization, in particular hole 29 which intersected 4 zones of massive chromite mineralization, including a 75.2 metres interval averaging 43.4% Cr2O3. This intersection was followed by 1.8 metres of Platinum and Palladium averaging 2.18 g/t (Pt+Pd).
Hole FW-09-30, drilled on Section 20+00E, entered massive chromite mineralization immediately after the overburden.
The following table provides assay highlights for the first seven holes in the recent program. Only those intersections that averaged greater than 35% Cr2O3 over significant widths are included in the highlight table. The chromite mineralization surrounding the highlighted massive chromite mineralization is typically of varying tenor, and consists of heavily disseminated plus / minus intercalated thin (centimeter scale) to thick (meter scale) beds of massive chromite mineralization. The amount of this mineralization that eventually may be included in the reserves will not be determined until a feasibility study is undertaken. For instance, in Hole 29, variable amounts of chromite mineralization were intersected between 67.4 and 323.8 metres (256.4 metres), however only 108.5 metres averaged in excess of 35% Cr2O3.
Assays for the remaining fifteen holes from the recent program will be released when final results are available.
Assay Highlight Table:
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Hole # From(m) To(m) Length(m) Pd(g/t) Pt(g/t) Cr2O3% Fe2O3% Cr:Fe
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FW-09-24 73.5 80.3 6.8 0.26 0.23 41.01 21.10 1.90
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100.9 132.2 31.3 0.17 0.23 40.63 23.40 1.70
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FW-09-25 232.1 270.4 38.3 0.17 0.24 42.17 21.35 1.93
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FW-09-26 no significant assays
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FW-09-27 173.3 186.8 13.5 0.28 0.25 36.32 20.77 1.71
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208.0 246.8 38.8 0.20 0.22 42.99 20.99 2.00
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246.8 247.5 0.7 1.23 0.43
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FW-09-28 38.7 61.1 22.4 0.12 0.20 41.30 22.16 1.82
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FW-09-29 117.0 136.0 19.0 0.50 0.23 40.02 19.92 1.97
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226.0 230.7 4.7 0.46 0.27 37.90 20.39 1.82
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234.8 244.3 9.6 0.32 0.39 38.33 19.70 1.90
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248.6 323.8 75.2 0.23 0.25 43.40 21.26 2.00
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323.8 325.5 1.8 1.69 0.49
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FW-09-30 24.1 32.8 8.7 0.26 0.26 40.92 22.61 1.77
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- Analyzed for 35 trace and major elements including Cu & Ni by 4 acid
digestion with an ICP finish (Actlabs code 1F2). Any samples for which
the result(s) are over limit for either Cu or Ni are then assayed for
these elements by ICP-OES.
- Assayed for Au, Pd & Pt by fire assay with an ICP/OES finish (Actlabs
code 1C-OES).
- Assayed for 13 major element oxides, including Cr2O3 by fusion-XRF
(Actlabs code 4C).
Georgeson
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11th Floor, South Tower
Toronto, Ontario
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