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FWR Freewest Resources Canada Com Npv

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Share Name Share Symbol Market Type
Freewest Resources Canada Com Npv TSXV:FWR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Freewest Resources, Spider Resources, & KWG Resources Encounter Consistent Chromite Mineralization at Big Daddy; Rare Nickel Min

08/01/2010 10:02pm

Marketwired Canada


Freewest Resources Canada Inc. (TSX VENTURE:FWR) ("Freewest"), Spider Resources
Inc. (TSX VENTURE:SPQ) ("Spider") and KWG Resources Inc. (TSX VENTURE:KWG)
("KWG") are pleased to provide further analytical results for drilling completed
in latter part of 2009 at the Big Daddy Chromite property.


Neil Novak, President of Spider Resources Inc. states: "We are extremely pleased
with the consistency of the drill results we are receiving from the Big Daddy
Chromite Project, that are all typically in excess of 40% Cr2O3 over very good
widths. The discovery of the nickel mineral godlevskite is intriguing,
particularly as its' source is considered proximal to Big Daddy, perhaps within
only a few hundred metres." 


Analytical Results for Recent Drilling

Analytical results have recently been received for an additional 9 more holes of
the 22 holes completed during the 2009 drilling campaign. Results for seven
holes were released on December 7th, 2009, results for six more drill-holes from
the 2009 program are pending.


Hole FW-09-31, located on Section 20+00E, undercut hole FW-09-30. Hole 31
encountered chromite mineralization between 193.5 metres and 264.5 metres (71
metres), highlighted by a 28.6 metre intercept between 235.9 and 264.5 metres
that averages 40.26% Cr2O3. 


Hole FW-09-32 is located on Section 21+00E, the most northeasterly section
drilled on the Big Daddy Chromite property to date. Two zones of chromite
mineralization were observed in this hole, the first between 93 and 97 metres
downhole (over 4 metres) contains intermittent to massive beds of chromite
averaging less than 25% Cr2O3. In the second interval, between 180.6 and 206.6
(over 25.7 metres) more consistently mineralized chromite was encountered of
which 8.15 metres averaged 38.5% Cr2O3. 


Holes FW-09-33 and FW-09-36, situated on Section 15+00E, both intersected
chromite mineralization. Hole 33 intersected 34.1 metres of which 11.0 metres
(between 210.0 and 221.0 metres) average 40.29% Cr2O3. Hole 36 overcut hole 33
and encountered a much wider zone (86.2 metres) between 9.8 metres downhole to
96.0 metres downhole. The initial 11.2 metres of chromite mineralization
averages 40.14% Cr2O3; the last 48.35 metres averages 41.35% Cr2O3. Of special
note, after passing through the chromite mineralization, hole 33 entered a
narrow fault zone that was observed to be partially filled with an unidentified
but high grade nickel sulphide mineral (based upon in-house hand held XRF Niton
Analyzer measurements). Upon receipt of laboratory analysis, the sulphide zone
over 1.0 metre averages 2.74% nickel, 0.12% cobalt and 1.04 g/t Pt+Pd. A sample
of the sulphide mineral selected for petrographic analysis was determined to
contain an alteration assemblage of minerals including godlevskite (Ni9S8) along
with veining of mackinawite ((Fe,Ni)9S8). Dr. James Franklin (director of Spider
Resources Inc.) states: "This is a very low-temperature assemblage, and probably
represents hydrothermal transport up a shear system from a more substantial Ni
accumulation", Dr. Franklin continues "this explains the very high Ni contents,
as it contains nearly 60% Ni." 


Hole FW-09-34, drilled on Section 14+00E, undercut holes FW-09-24 and 25
(reported December 7, 2009), and encountered  4 main zones of chromite
mineralization between 319.5 and 415.22, the best intersection being the latter
32.72 metres section between 383.5 and 415.22 metres that averages 41.25% Cr2O3.


Hole FW-09-35, drilled on Section 16+00E, undercut holes FW-09-26 and 27
(reported December 7, 2009), contains chromite mineralization between 349.16 and
399.0 for a total chromite intercept of 49.84 metres. The best intersection is
the latter 34.5 metres section between 364.5 and 399.0 metres that averages
41.15% Cr2O3.


Holes FW-09-39 and FW-09-40, situated on Section 17+00E, both intersected
significant widths of chromite mineralization. Hole 39 intersected 18.9 metres
between 119.1 and 138.0 metres that average 34.45% Cr2O3. Hole 40 intersected
22.7 metres of chromite mineralization of which 14.8 metres (between 87.4 and
102.2 metres) average 43.11% Cr2O3.


Hole FW-09-42, drilled on Section 19+00E, overcut hole FW-09-43 on the same
section (not yet reported), and intersected chromite mineralization between 25.5
metres and 35.9 for a total chromite intercept of 10.4 metres. The best
intersection is the latter 3.2 metres between 32.7 and 35.9 metres that averages
39.45% Cr2O3.


The following table, provides assay highlights for the nine holes reported upon
herein. Only those intersections that averaged greater than 35% Cr2O3 (or close
thereto) over significant widths are included in the highlight table. The
chromite zone surrounding the reported massive chromite mineralization is
typically of varying tenor, and consists of heavily disseminated 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. 




Assay Highlight Table

----------------------------------------------------------------------------
    Hole #    From      To Length  Cr2O3 % Fe2O3 %  Cr:Fe  Pd (g/t) Pt (g/t)
----------------------------------------------------------------------------
  FW-09-31  207.00  214.50   7.50    41.61   20.49   1.99     0.18     0.22
----------------------------------------------------------------------------
as well as  220.50  225.00   4.50    36.46   19.36   1.84     0.25     0.39
----------------------------------------------------------------------------
as well as  235.90  264.50  28.60    40.26   19.80   1.99     0.18     0.21
----------------------------------------------------------------------------
                                                                          
                                                                          
----------------------------------------------------------------------------
  FW-09-32  180.90  186.00   5.10    40.78   22.57   1.77     0.30     0.24
----------------------------------------------------------------------------
as well as  188.00  196.15   8.15    38.50   21.45   1.76     0.27     0.28
----------------------------------------------------------------------------
as well as  200.60  206.60   6.00    37.55   21.79   1.69     0.21     0.19
----------------------------------------------------------------------------
                                                                          
                                                                           
----------------------------------------------------------------------------
  FW-09-33  203.70  205.60   1.90    34.89   25.86   1.32     0.20     0.19
----------------------------------------------------------------------------
as well as  210.00  221.00  11.00    40.29   25.63   1.54     0.12     0.19
----------------------------------------------------------------------------
                                                                          
                                                                          
----------------------------------------------------------------------------
  FW-09-34  383.50  415.22  32.72    41.25   20.93   1.93     0.25     0.25
----------------------------------------------------------------------------
                                                                          
                                                                          
----------------------------------------------------------------------------
  FW-09-35  349.16  355.50   6.34    36.95   28.80   1.25     0.26     0.35
----------------------------------------------------------------------------
as well as  364.50  399.00  34.50    41.15   21.25   1.89     0.32     0.27
----------------------------------------------------------------------------
                                                                           
                                                                           
----------------------------------------------------------------------------
  FW-09-36    9.80   21.00  11.20    40.14   21.12   1.86     0.12     0.18
----------------------------------------------------------------------------
as well as   47.65   96.00  48.35    41.35   22.03   1.84     0.16     0.23
----------------------------------------------------------------------------
                                                                           
                                                                           
----------------------------------------------------------------------------
  FW-09-39  119.10  138.00  18.90    34.45   21.45   1.57     0.29     0.12
----------------------------------------------------------------------------
                                                                           
                                                                           
----------------------------------------------------------------------------
  FW-09-40   79.50   83.60   4.10    34.62   22.76   1.49     0.24     0.29
----------------------------------------------------------------------------
as well as   87.40  102.20   14.80   43.11   20.95   2.01     0.15     0.22
----------------------------------------------------------------------------
                                                                           
                                                                           
----------------------------------------------------------------------------
  FW-09-42    25.50   31.50   6.00   36.01   20.32   1.73     0.12     0.21
----------------------------------------------------------------------------
as well as   32.70   35.90   3.20    39.45   20.69   1.87     0.05     0.21
----------------------------------------------------------------------------



True widths of the chromite mineralization have yet to be determined, as this is
typically done once the geometry (attitude, dip and strike) of the entire
mineralized body is determined. The systematic drill pattern was designed to
delineate the Big Daddy Chromite Prospect along its entire strike length. The
chromite mineralized intersections are quite variable in apparent width due to
the geological nature of the intrusion.


Assays for the remaining six holes from the 2009 program will be released when
available.


2010 Drill Program

Field crews have been mobilized to the field to commence the 2010 winter drill
program. Technical planning meetings were held during December to review and
plan the 2010 program with the intent of having sufficient exploratory drilling
completed by the end of program, bearing in mind the shape and attitude of the
Big Daddy Chromite prospect (a magmatic chromium deposit type), to support an
initial resource estimate. It is envisioned that approximately 4,000 metres of
drilling will provide sufficient drill information to complete the resource
estimate. Since the discovery of chromite on the property in March, 2006 (Hole
FW-06-03), chromite mineralization has been established between section 900
metres East to and including section 2100 metres East, for an inferred strike
length of 1300 metres, and to a depth of 325 metres. Big Daddy remains open
along strike in both directions and to depth. Some of the planned expansion
drilling will continue to explore the chromite mineralization towards the
northeast, where faults are found to have apparently offset Big Daddy from the
Probe/Noront "Creek Zone" and to the northwest to Freewest's "Black Thor". 


Quality Assurance / Quality Control Protocol

Stringent QA / QC procedures are followed. Samples are shipped to the laboratory
in batches of 35 samples. Each sample batch includes 2 standards, 1 blank, and 1
duplicate that are inserted on site, plus a duplicate coarse reject and 1
duplicate pulp that are prepared at the laboratory and inserted. In addition,
Actlabs also employs a rigorous in-house QA/QC regime which includes standards,
blanks and duplicates. 


Once the final assays are received from Actlabs and prior to any data being
released to the public, a review of all QA/QC data is conducted by an
independent qualified person to ensure that the data released are within
predetermined norms. 


Analytical Methodology

All samples are assayed / analysed by Activation Labs (Actlabs) at either their
main laboratory in Ancaster, Ontario or at their Thunder Bay, Ontario facility.
Both laboratories are ISO accredited. All samples are 




--  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). 



For additional information on assay methodology visit the Actlabs website at
http://www.actlabsint.com.


Qualified Persons

Spider's VP Exploration Jim Burns P.Eng., along with Neil Novak P.Geo.,
President of Spider, have prepared and reviewed this press release, both of
which are Qualified Persons under Canadian Securities Guidelines. 


About Freewest

Freewest is a mineral exploration company actively exploring for gold,
base-metals and chromite within eastern Canada. Corporate information can be
accessed on the Internet at www.freewest.com. Freewest's shares are listed on
Tier 1 of the TSX Venture Exchange under the symbol FWR.


Georgeson is acting as Freewest's solicitation agent in connection with the
proposed Plan of Arrangement with Cliffs Natural Resources Inc. Georgeson may be
contacted as follows:




Georgeson
100 University Avenue
11th Floor, South Tower
Toronto, Ontario
M5J 2Y1
North American Toll Free Number: 1-866- 433-7579
Banks and Brokers Collect Number: 1-212-806-6859



About Spider Resources Inc. 

Spider Resources Inc. is the pioneer exploration company in the James Bay
Lowlands of Northern Ontario, exploring this area since 1993. The exploration
team at Spider is responsible for the discovery of 8 kimberlites to the east of
the Ring of Fire as well as 2 VMS deposits (McFaulds 1 and McFaulds 3), 8
additional VMS occurrences, and the Big Daddy Chromite Prospect within the Ring
of Fire. Spider Resources Inc. is a Tier 2 Canadian exploration company, quoted
for trading on the TSX Venture Exchange under the symbol SPQ. There are
currently 453,388,430 shares issued in Spider. 


About KWG Resources Inc. 

KWG Resources is a mineral exploration company with extensive claim holdings in
the James Bay Lowlands of Northern Ontario, Canada, where important discoveries
of nickel and chromium have been made recently in the Ring of Fire. KWG has an
equal joint venture interest in a large claim block in the central part of the
discovery area, with Spider Resources Inc. The joint venture is developing the
Big Daddy Chromite Prospect adjacent to the Black Thor and Black Label chromite
discoveries of Freewest Resources Canada Inc. KWG holds a 1% net smelter royalty
in all three prospects and has created Canada Chrome Corporation to pursue the
development of them. 


Forward-Looking Statements

This news release may contain "forward-looking information" which may include,
but is not limited to, statements with respect to the future financial or
operating performance of the companies and their projects. Often, but not
always, forward-looking statements can be identified by the use of words such as
"plans", "expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "believes" or variations (including
negative variations) of such words and phrases, or state that certain actions,
events or results "may", "could", "would", "might" or "will" be taken, occur or
be achieved. Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance
or achievements of the companies to be materially different from any future
results, performance or achievements expressed or implied by the forward-looking
statements. Forward-looking statements contained herein are made as of the date
of this press release and the companies disclaim any obligation to update any
forward-looking statements, whether as a result of new information, future
events or results or otherwise. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. The companies
undertake no obligation to update forward-looking statements if circumstances,
management's estimates or opinions should change, except as required by
securities legislation. Accordingly, the reader is cautioned not to place undue
reliance on forward-looking statements.


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