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|Mon Aug 8, 2016
Freeport Resources Inc. Announces Non-Brokered Private Placement
Vancouver, British Columbia -- (August 8, 2016) -- Freeport Resources Inc. (TSX-VENTURE: FRI) ("Freeport") announces a non-brokered private placement financing of up to $150,000 through issuance of up to 3,000,000 units of the Company (the "Units") at a price of $0.05 per Unit. Each Unit will consist of one common share and one non-transferable share purchase warrant (a "Warrant"). Each warrant shall be exercisable to acquire one additional common share for a period of five years at an exercise price of 10 cents ($0.10). As part of this non-brokered financing, the warrants are subject to an acceleration clause. This clause states that if after the warrants are issued, the closing price of the common shares of the company on the principal market on which such shares trade is equal to, or exceeds, 15 cents for 10 consecutive days, the warrant expiry date shall accelerate to a date 10 calendar days after the issuance of a press release by the company announcing that reduced warrant term. All units acquired pursuant to the private placement, and shares which may be acquired upon the exercise of the warrants, are subject to a four (4) month hold period in accordance with applicable securities legislation.
|Wed Oct 24, 2012
Freeport Presents Q Project at International Fluorspar Conference
Freeport Resources Inc. (FRI: TSX-V) is pleased to announce the Q fluorspar project was presented by invitation at the international fluorspar conference this week in Vancouver. This event, hosted by Industrial Minerals Events of the UK, brings together key participants with serious fluorspar (CaF2) interests from all over the world. Freeport's 100%-owned Q is the most significant fluorspar deposit known in western Canada. Extensive exploration in the 1980's by Eaglet Mines defined several large mineralized zones, with non 43-101 compliant estimates of 24 million tonnes of 11.5% CaF2. New analytical results released by Freeport this past May are very encouraging, as long intercepts suggest the possibility of bulk open pit mining as well as higher grades near the end of the Adit 2 (see news release dated May 1, 2012).
The site was previously abandoned when fluorspar prices dropped below US $100/tonne. The price of fluorspar at present is significantly higher -- recently up to $550-600/tonne due to reduced exports from China. Fluorspar is a mineral considered "critical" by the European Union, used to make hydrofluorocarbons (HFCs) used in coolants, and fluoropolymers. It is instrumental in energy reduction in metal smelting and similar processes (i.e. cement, glass), as fluorspar lowers melting temperature of numerous compounds. It is also instrumental in aluminum production. Please visit ...
|Mon Sep 10, 2012
Freeport Confirms Feasibility of Marine Logistics at Hutton
Freeport Resources Inc. (FRI.V) is pleased to announce the bulk-loading strategy required for commercial-scale production at its Hutton Garnet Beaches project has proven feasible. Recent field work has shown site access by large commercial vessels is possible and the site is very suitable for landing. A tug and two barges were brought to South Beach to test the marine operational plan for exploiting the garnet sands. A detailed route to shore was established and recorded by a registered Marine Surveyor. Enough marine data was collected to establish the practicality of full-scale production -- a landmark development for the Hutton project. Freeport greatly appreciates support by the Government of Newfoundland and Labrador's Junior Exploration Assistance program, an incentive program encouraging mineral exploration. Please see photos of the marine access study at Point-Vim-NT1032, Sappatak-NT1032-Ryans-Bay and South-Beach. Additional photos will be made available soon at the Hutton photo gallery on Freeport's website.
|Thu Jun 28, 2012
Freeport Appoints New Chief Financial Officer
Freeport Resources Inc. (FRI: TSX-V) is pleased to announce the appointment of Mr. Martin MacKinnon, MBA, of Halifax as the Company's new Chief Financial Officer. MacKinnon serves as CFO of another publicly traded resource company in Atlantic Canada with a quarry. MacKinnon has a broad background in financing, new ventures (business start-ups, funding, and performance improvements), and high growth business. He is also a well-known lecturer in finance, with over 30 years of experience in various areas of financial reporting, specializing in developing new strategic corporate directions.
|Tue May 1, 2012
Freeport Defines Significant Fluorspar Zones at Q (Eaglet), B.C.
Freeport Resources Inc. (TSX-V) is very pleased to announce new fluorspar results from its Q project have confirmed several significant mineralized zones in Adit 2. The most important occurs in a faulted and folded zone, where three generally continuous intervals of fluorspar mineralization with a combined length of 126 metres (410 feet) have an average grade of 8.7% CaF2 (see Table 1 below). Some higher grade sections include 15 m. (50 ft.) of 10.3% CaF2 and 30 m. (100 ft.) of 11.1% CaF2. The Adit ends in a mineralized zone 369 m. (1210 ft.) from the portal. These grades and their continuity are encouraging as they suggest the possibility of bulk open pit mining.
|Wed Mar 14, 2012
Freeport Receives Fluorspar Results for Q Project (Eaglet)
Freeport Resources Inc. is pleased to announce encouraging preliminary assays received for its Q fluorspar project in central BC. Analyses indicate a similar range of CaF2 values to those used to calculate the historical fluorspar resource (Eaglet Mines, 1984), with about a quarter at 10% CaF2 or above, with values up to 23%. Of about 500 pulp samples submitted for analysis, representing the full extent of Adit 2 -- some 1200 feet in length, results from about half have been received. The samples were analyzed for fluorine, and converted to CaF2. The new results are significant as no fluorspar data was previously available for the Adit, which contains several fluorspar zones included in historical non NI43-101 estimates. It permits a much better understanding of the 3D spatial distribution of fluorspar and grades in the Adit and the overall deposit, in comparison to original results from vertical diamond drill holes only. Several hundred of the samples were also analyzed for 55 elements on an exploratory basis.
|Wed Feb 8, 2012
Freeport Closes Financing & Outlines Plans for 2012
Freeport Resources Inc. (TSXV-FRI) announces closing of its previously disclosed private placement, with a total of $521,000 raised and finders fees of $25,000 paid. Another private placement is anticipated this spring. Please refer to news releases of November 18, and December 28, 2011 for further information. The proceeds will be used to test a bulk loading strategy at the Hutton garnet beaches , a high-grade heavy mineral sands project on tidewater in Labrador, eastern Canada. With a NI43-101 Prefeasibility Study completed (2004), the Hutton is at an advanced stage, with a 5000 tonne bulk sample recently released from Environmental Assessment. Pilot plant work, based on processing 100 tonnes of garnetiferous sand collected already from the site, is commencing.
Work underway in BC includes comprehensive assaying of Adit 2 samples from the Q fluorspar-molybdenum property to outline fluorspar distribution.
|Wed Dec 28, 2011
Freeport Closes First Tranche of Financing
Freeport Resources Inc. (TSXV-FRI) is pleased to announce closing of the first tranche of a nonbrokered private placement announced last month. A total of $521,000 has been received from the issuance of 105,000 flow through shares at $0.20 per share and 2,500,000 non-flow through shares at $0.20 per share. These shares are subject to a four month hold period expiring April 24, 2012. Finders' fees in the amount of $25,000 cash are payable in connection with the issuance of
these shares. The second tranche is expected to close by mid-January 2012. As previously announced, Freeport intends to raise up to $1,060,000 from issuance of up to 5,000,000 non-flowthrough and 300,000 flow-through shares, at a price of $0.20 per share. Proceeds will be used to further advance Freeport's exploration programs in Canada and meet ongoing working capital requirements.
|Fri Nov 18, 2011
Freeport Arranges Financing for Spanish Mt. Gold, Hutton & Q Projects
Freeport Resources Inc. (TSX-V: FRI) is pleased to announce it will undertake a non-brokered private placement to raise up to $1,060,000 from issuance of up to 5,000,000 non-flow-through and 300,000 flow-through shares, to be issued at a price of $0.20 per share. The first tranche of $300,000 has been received. Closing is anticipated to occur on or before December 15, 2011. Securities will be subject to a four month hold period and TSX-Venture Exchange approval. A 5% finder's fee on the non-flow-through shares is payable. Proceeds are for working capital and exploration of Freeport's 100%-owned properties in Canada.
|Mon Jul 25, 2011
Freeport Outlines Spanish Mountain Gold Developments
Freeport Resources Inc. is pleased to provide an update on developments at its Spanish Mountain claims, which are largely surrounded by a multi-million ounce gold project held by Spanish Mountain Gold Ltd. ("SMGL") (SPA-TSXV, formerly Skygold). SMGL recently closed a $20 million financing, and released a Preliminary Economic Assessment (PEA) in December 2010. Gold mineralization is proven to extend on Freeport's claims, which are on strike and less than half a mile from the proposed open pit. See map at http://www.freeportresources.com/i/maps/SMG-pit.gif . Spanish Mountain is road accessible and close to several operating mines.
|Wed Oct 20, 2010
Freeport receives Hutton approval; BC Gold-CaF2-MoS2-REE Projects Update
Freeport Resources Inc. is pleased to announce approval of its Hutton work plan, with updates for 3 BC projects prospective for gold, tungsten, fluorspar, moly & rare earth elements (REE).
Hutton Garnet Beaches: The bulk sample program to collect 5000 tonnes was recently released from environmental assessment with final approvals now received for work next season. Processing of about 100 tonnes will commence shortly. A major update to the Business Plan is nearing completion based on study of economic factors, especially transportation to high volume markets in NE North America. Garnet is used for waterjet cutting, blasting & filtration. Findings to date appear favourable and options for advancing the project are being developed.
|Thu Jul 22, 2010
Freeport's Hutton Garnet Beaches Released from Environmental Assessment
Freeport Resources Inc. is very pleased to announce its Hutton bulk sampling has been released from environmental assessment - a significant project milestone. Approximately 2000 cubic metres of garnet-rich sand will be collected to fine-tune mineral processing, finalize plant design, and make garnet products for larger scale market testing. This work will ultimately confirm logistics for commercial production. The Hutton is the first advanced stage project in Labrador Inuit Lands to undergo formal Environmental Assessment. Freeport would like to thank all concerned for their efforts especially as this is a new, previously untried process.
|Tue Feb 16, 2010
Freeport Updates Q Fluorspar Moly Project (Eaglet)
Freeport Resources Inc. is pleased to announce new developments at its Q project, where historical reserve estimates of 24 million tonnes of ore averaging 11.5% fluorite with silver, molybdenum and lead by-products were published by Eaglet Mines in 1984 (non NI43-101 compliant). The Q is interesting today as a potentially large source of fluorspar defined by extensive underground workings and drilling. Freeport has identified important molybdenite mineralization with rhenium values in Adit 2, as well as anomalous MoS2 in 6 of 14 nearby drill holes, which could favourably improve project economics; over 15% of the 3m long rib samples (total 562 samples) range between 0.0167% to 0.191% MoS2 (100 to 1143 ppm Mo, see map at http://www.freeportresources.com/i/maps/2010-02-15_NRM.jpg). Given the scope of the Q deposit, Freeport seeks an industry partner with suitable expertise and development capabilities to advance the project.
|Tue Sep 15, 2009
Freeport Closes Flow-through Private Placement
Freeport Resources Inc. announces TSX acceptance and closing of the non-brokered private placement reported August 13, 2009. A total of 750,000 flow-through shares have been issued at $0.11, with a non-flow-through warrant for a two-year term, at $0.15 in year one, and $0.25 in year two. The flow-through funds will be used towards the Hutton garnet beaches project, as well as several others in NL and BC. Securities issued under this private placement are subject to a four month hold period, expiring January 10, 2010 pursuant to TSX Venture Exchange policies.
Freeport Resources, founded in 1981, is a junior mineral exploration company listed on the TSX Venture Exchange. Freeport has landholdings in Labrador and B.C., with a special focus on industrial minerals, precious and base metals, and gemstones. For more information, please visit our website at .
Freeport Resources Inc.
Brenda Clark, MAIBC
President & CEO
1-888-275-7335 (toll free)
(604) 275-7335 (tel.)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
|Thu Aug 13, 2009
Freeport Receives Hutton Bulk Sample Approval; Arranges Private Placement
Freeport Resources Inc. is very pleased to announce regulatory approval for bulk sampling at its Hutton Garnet Beaches is basically complete, with the final permit received today. This landmark development is the result of over a year's work. Selection of suitable barges is subject to availability and well underway. Collection and processing of the 5,000 tonne bulk sample will confirm logistics for commercial-scale production.
|Mon Jun 15, 2009
Freeport Advances Towards Feasibility at Hutton Garnet Beaches
Freeport Resources Inc. is advancing towards the feasibility study stage at its high grade Hutton Garnet Beaches project in Labrador, Canada. Permitting is in process for the 2009 bulk sample, and several governmental meetings were held in Newfoundland and Labrador last month to explain the proposal. The work is needed to confirm logistics for commercial-scale production. A sample of about 2000 cubic metres is planned, to develop pilot plant design and update tonnage estimates. Preliminary resource estimates of over 1.25 million tonnes garnet in October 2004 included 256,000 tonnes as a probable reserve. Production life is expected to be over 20 years, with more potential offshore. Community meeting(s) will be held prior to work commencing.
|Thu Apr 9, 2009
Freeport Updates BC Gold, Tungsten, & Fluorspar-Moly Projects
Freeport Resources Inc. is pleased to give an overview of its Spanish Mountain Gold, Red Rose tungsten-gold mine, and Q fluorspar-molybdenum projects, all located in B.C.
|Fri Nov 14, 2008
Freeport Appoints Fleming to Advisory Board
FREEPORT RESOURCES INC. (TSX-V: FRI) is very pleased to announce appointment of John Fleming, M.Sc., P.Geo. to the Advisory Board. Mr. Fleming's impressive geological career spans both public and private sectors, with 30 years at the Government of Newfoundland & Labrador (NL) prior to establishing a natural resources and environmental management consulting practice in 1996. Fleming has served in many roles, including Director of the NL Geological Survey, Deputy Minister of the Departments of Mines, Environment and Lands, and also Environment and Labour. Fleming is known for a balanced approach to the importance of economic development within a larger framework of sustainability.
|Wed Sep 17, 2008
Freeport Outlines Progress at the Hutton Garnet Beaches
FREEPORT RESOURCES INC. (TSX-V: FRI) is pleased to outline 2008 progress at its Hutton garnet beaches in Labrador, NL. Arrangements have been made for up to a 5000 tonne bulk sample with 2 shallow-draft barges, where one barge would be beached as a portable dock to load the second. Timing is subject to barge availability, weather, and final permitting requirements.
|Thu Jul 24, 2008
Freeport's Red Rose Mine Assessed For Gold-Tungsten
FREEPORT RESOURCES INC. (TSX-V: FRI) is evaluating its past-producing Red Rose tungsten mine for gold: Bonanza grades of 49.0 - 63.8 g/tonne (1.43-1.86 oz/ton) were reported, with samples representing 49 m (160 ft) strike length along Adit No. 1 averaging 19.2 g/tonne over 0.7 m (0.56 oz/ton over 2.1 ft). The Red Rose property consists of 15 crown grants 100% owned by Freeport, accessible by an unimproved road leading to the provincial highway.
|Thu May 8, 2008
Freeport Defines High Molybdenite Zones in Q's Adit 2
FREEPORT RESOURCES INC. announces two molybdenite-enriched zones have been defined in Adit 2 of its Q claims. Previous work focussed on fluorite mineralization, and moly was not pursued to any degree. These newly discovered molybdenite zones are each about 50m (165') long and occur along shear structures, with elevated Mo values from 0.0167% - 0.191% MoS2. Both molybdenite and fluorite correspond to zones of fracturing and schistosity, identified in structural mapping of the adit as well as high resolution air photographs. The north-east, structurally more complex part of the adit is characterized by faults and local scale folding, and is of most interest. Please see map at http://www.freeportresources.com/i/maps/Q-Adit-2-MoS2.gif and visit our new website, now live, at http://www.freeportresources.com.
|Tue Apr 1, 2008
Freeport Announces Gold Results from Spanish Mountain Claims
Freeport Resources (FRI-TSXV) is very pleased to announce gold results from last season's field work at its Spanish Mountain Gold property near Likely, BC. Soil and rock samples collected over a geophysical 'resistivity low' are strongly anomalous in gold, reaching over 400 ppb in soil and up to 0.13 g/t in weathered pyritic argillite and greywacke surface rocks. This indicates an easterly extension of the large mineralized zone defined by Skygold Ventures Ltd. ("Skygold") (SKV-TSXV) and Wildrose Resources Ltd. ("Wildrose") (WRS-TSXV) at their 'Main Zone Argillite', measuring over 1.44 sq.km. (.56 sq.mi.) in size, also coinciding with a resistivity low. The local geophysical signature shows structural continuity across the claim blocks, with no discontinuities or major offsetting features. For map, please see http://www.freeportresources.com/i/maps/resistivity-au_geochem.gif
|Tue Mar 11, 2008
Freeport Announces Fluorite-Moly Study Published
FREEPORT RESOURCES INC. is pleased to announce completion of a detailed mineralogical and petrographic study on its Q claims near Williams Lake. The work was recently published as a BC Geological Survey Fieldwork article, "Eaglet Property Revisited: Fluorite-Molybdenite Porphyry-like Hydrothermal System" available at http://www.em.gov.bc.ca/DL/GSBPubs/GeoFldWk/2007/05-Hora-Eaglet19668.pdf. Written by Z.D. Hora, M.Sc., P.Geo., with Dr. Edvin Pivec of the Czech Republic, the study discusses different types of mineralization at the Q, as well as relationships of individual minerals of economic interest. Although evaluated primarily as a fluorspar deposit by Eaglet Mines Ltd. from 1973-85, molydenite and fluorite are now of interest given recent prices of molybdenum oxide at US$34/lb and fluorspar at US$180--280/tonne.
|Wed Sep 26, 2007
Freeport welcomes Dr. Derek Wilton to Advisory Board
VANCOUVER, Sept. 26 /CNW/ - FREEPORT RESOURCES INC. (TSX-V: FRI) announces the appointment of Dr. Derek Wilton, Ph.D., P.Geo., to the Advisory Board. Dr. Wilton is a well-known geologist and professor of mineral deposits and metallogenic research at Memorial University, St. John's, Newfoundland and Labrador (NL). Dr. Wilton, a St. John's native, received his B.Sc. from MUN, his M.Sc. from the University of British Columbia, and his Ph.D. from MUN, and is thus familiar with the geology of both NL and BC. Since 1984, he has been a faculty member at MUN and engaged in mineral deposit research in Newfoundland, and especially Labrador. Dr. Wilton will be involved in the Hutton heavy mineral sands project as well as the Notakwanon and Cabot Lake nickel properties near Voisey's Bay in Labrador. Michael Roberts, PE, Founding Director, remarks, "We are very pleased to welcome Dr. Wilton to the Freeport team. His broad knowledge and varied background in both Labrador and B.C. gives strategic experience and further depth to the company.
|Mon Sep 17, 2007
Freeport Advances Hutton Garnet Sands Project
VANCOUVER, Sept. 17 /CNW/ - FREEPORT RESOURCES INC. (TSX-V: FRI) is pleased to provide an update on the status of its Hutton project, including its Request For Proposals (RFP) which closed this past spring. The Hutton consists of several high-grade alluvial garnet deposits located on tidewater in northern Labrador now moving towards the development stage. Current work is focused on export market development, site logistics and environmental planning, as summarized below.
|Mon Aug 13, 2007
Freeport at Spanish Mountain Gold Property
FREEPORT RESOURCES INC. (TSX-V: FRI) is pleased to report on field work last month at its Spanish Mountain Gold property in BC. In July, Freeport conducted soil and stream sampling across the full width of the property as a follow-up to the airborne geophysical survey last fall by Skygold Ventures/Wildrose Resources (SKV-WRS). Assay results are pending. In the course of the work, drill holes by SKV-WRS were observed on access roads up to 54 metres (177 feet) of Freeport's west boundary. Outcrops of oxidized pyrite-rich shales with quartz veining were seen near Spanish Lake, with fragments of similar pyritic rocks in scree of road cuts on Freeport's claims also sent for assay. Spanish Mountain is a key gold exploration project in the Cariboo -- a historic gold placer district well-known for rich finds at Cedar and Spanish Creeks in the 1920's.
|Wed Aug 1, 2007
Freeport Finds Molybdenite in Q's Adit No. 1
FREEPORT RESOURCES INC. is very pleased to announce that recent field work has verified molybdenite in samples from both adits and in core from various drill holes. This is of significance as molybdenite (MoS2) had previously been reported only in Adit No. 2, approximately 279 metres (915 ft) to the east of Adit No.1. Because of a large-scale potassic alteration zone and the presence of molybdenite, the Q is now being evaluated as a possible molybdenum (Mo) porphyry. Preliminary metallurgical testing of Adit No. 2 samples by Dr. Bern Klein of BC Mining Research Ltd. resulted in a successful initial molybdenite concentrate (see Dec.15/05 release).
|Tue Feb 20, 2007
Freeport Reports Spanish Mountain Airborne Survey Completed
FREEPORT RESOURCES INC. (TSX-V: FRI) announced completion of an airborne geophysical survey over its Juan A property (150 hectares) at Spanish Mountain, BC. Juan A, 100%-owned by Freeport, is immediately adjacent to claims held by Skygold Ventures Inc. and Wildrose Resources Ltd. (TSX-V: SKV & WRS), and approximately 600 metres from their primary mineralized zone. Results from several SKV-WRS drill holes located within 100 metres of Freeport's claim boundary are pending.
|Fri Jan 26, 2007
Freeport Reports Molybdenum Results from the Q's Adit No. 2
FREEPORT RESOURCES INC. is very pleased to release assay data from its Q Claims (16 units) near William's Lake in the Cariboo region of B.C. These are the first comprehensive analytical results confirming widespread presence of molybdenum (Mo) in Adit #2.
|Thu Dec 21, 2006
Freeport Announces Notakwanon Drill Targets Confirmed
FREEPORT RESOURCES INC. is very pleased to announce details on gravity anomalies identified by Inco's recent airborne gravity survey over our Notakwanon property (23 claims, 575 ha) in Labrador. The survey, a collaborative data-sharing effort with Inco, was highly effective: Three dense bodies have been identified, two of which appear connected at depth and outcrop on either side of a lake. The strongest gravity anomaly appears to be 'deep rooted', with unlimited depth. The U-shaped connection between the two anomalies correlates with the strongest conductive zone identified by an audiomagneto telluric (AMT) survey also by Inco, at approximately 460 metres depth.
|Mon Oct 30, 2006
Freeport Extends Hutton RFP Submission to Jan. 17, 2007
FREEPORT RESOURCES INC. is pleased to provide an update on its Hutton property, Labrador. The Request for Proposals (RFP) process has been extended six weeks to permit completion of the proposals, with final submissions to be received by January 17, 2007. The RFP outlining the Hutton development opportunity is available at sedar.com as a public company document of Freeport Resources, filed June 27, 2006.
|Thu Jul 20, 2006
Freeport outlines Spanish Mountain Developments
FREEPORT RESOURCES INC. is pleased to announce new developments at its Juan A gold property (6 units) at Spanish Mountain near Likely in the Cariboo -- the heart of British Columbia's "Gold Rush" and currently one of BC's most active exploration areas. Juan A is directly east and adjacent to claims held by Skygold Ventures Inc. and Wildrose Resources Ltd. (TSX-V: SKV & WRS), where an intensive 30,000 metre drill program is currently underway. The Juan A is less than half a mile east of the mineralized zone, reportedly open towards Freeport's ground. As Skygold-Wildrose summarized:
|Mon Jun 26, 2006
Freeport Issues Request for Proposals, Hutton Garnet Beaches, Labrador
FREEPORT RESOURCES INC. is pleased to announce that it has issued a Request for Proposals (RFP) for its Hutton Project in northern Labrador. Freeport welcomes submissions from interested parties, with a written Expression of Interest requested by July 31, 2006 to facilitate property visits and shipment of bulk sample material stockpiled in eastern Canada. The RFP outlining the Hutton development opportunity will be available for viewing at sedar.com as a public company document of Freeport Resources. ZD Hora, PGeo, is the Qualified Person who has reviewed this news release.
|Fri Jun 16, 2006
Freeport Announces Inco to recommence work at Notakwanon
FREEPORT RESOURCES INC. is pleased to announce that work by Inco Limited is recommencing at our 100%-owned Notakwanon property (23 claims, 575 ha) near Garland Lake, Labrador. An airborne gravity gradiometry survey will start at Inco's 'Plugger Hill', just to the east of Freeport's claim boundary and will work directly westward over Notakwanon. Preliminary data is expected shortly.
|Thu Jan 19, 2006
Freeport Participates in Inco's Airborne Gravity Survey
FREEPORT RESOURCES INC. is pleased to announce an airborne gravity gradiometry survey by Inco Limited has commenced over its Notakwanon River property (23 claims, 575 ha) in Labrador. Staked in 1995, Notakwanon is located in the heart of Inco's Garland Lake property and 30 km southeast of the Voisey's Bay deposits. It represents the key component of a much larger block of 995 claims which was later reduced to retain the most promising areas.
|Thu Jan 12, 2006
Freeport welcomes New Director and Officer
FREEPORT RESOURCES INC. is very pleased to announce the appointments of Mr. Peter Dimmell as a Director, and Mr. James Thistle as Secretary to the Board. Freeport welcomes the contributions of Mr. Dimmell and Mr. Thistle, whose efforts over the past six years have greatly assisted in the success of the company.
|Fri Dec 30, 2005
Freeport Grants 650,000 Stock Options
FREEPORT RESOURCES INC. proposes to grant a total of 650,000 stock options to directors, officers, and consultants of the company at an exercise price of 20 cents, under the terms of the Stock Option Plan approved by disinterested shareholders on August 9, 2004. The company has granted a total of 2,141,500 options, or 18% of the issued and outstanding shares. Grant of options is subject to approval by the TSX Venture Exchange.
|Thu Dec 15, 2005
Freeport Studies Molybdenum at the Q Claims
FREEPORT RESOURCES INC. is pleased to report positive results from recent work at its Q claims, the former Eaglet property in the Cariboo region of British Columbia. A metallurgical test study on molybdenum rich samples has now been completed by BC Mining Research Ltd. (BCMR) under the direction of Dr. Bern Klein. The purpose of the study was to determine whether it was possible to make a commercial-grade concentrate and commence design of a process flow sheet.
|Wed Nov 30, 2005
Freeport Announces Closing of Flow-through Financing
FREEPORT RESOURCES INC. announces that it has received regulatory acceptance of the private placement announced on August 10, 2005, and has issued an aggregate of 1,010,000 units to several investors at a price of $0.13 per unit for gross proceeds of $131,300.
|Mon Oct 17, 2005
Freeport Completes Hutton Drilling & Bulk Sample
FREEPORT RESOURCES INC. is pleased to report on the successful completion of the 2005 field program at its Hutton garnet beaches in Labrador. Both South and North Beaches were drilled, with the bulk sample completed. Archeological and environmental studies were also undertaken. The Board is very pleased with this year's progress, made possible by a generous grant from the Province of Newfoundland and Labrador under the Mineral Incentive Program - Junior Exploration Assistance.
|Fri Sep 23, 2005
Freeport Announces Notakwanon results
This area has again been the focus of media attention with Inco's large claim block now extending about 25 km south of Notakwanon -- adjacent to Inco's "Garland Lake" property. Inco has stated it will conduct an extensive drill program on their property during the Spring 2006.
|Thu Sep 1, 2005
Freeport provides Notakwanon update
FREEPORT RESOURCES INC. is pleased to update developments at its Notakwanon property in northern Labrador. The claims are about 25 km southeast of the Voisey's Bay nickel mine, and near the major structural boundary which runs through that mineral deposit.
|Wed Aug 10, 2005
Freeport Announces Flow-Through Financing
FREEPORT RESOURCES INC. is pleased to announce that the Company has arranged in principle a non-brokered private placement of 800,000 units at a price of $0.13 per unit for gross proceeds of $104,000.
|Wed Jun 29, 2005
Freeport Reports on Molybdenum Potential of the Q claims
Freeport Resources is pleased to provide an update on its Q claims (16 units) in the Cariboo region of B.C. The Q covers a large fluorite deposit where over 22,000 metres of diamond drilling took place twenty years ago, with 126 surface, 9 underground holes and 2 adits completed by Eaglet Mines. That work identified eight distinct flat-lying lenticular zones mineralized with fluorite and accessory silver, molybdenum, and lead, varying in thickness from 3 to 30 metres, with an average of 8 metres. In 1984, Eaglet Mines published mineral reserve estimates of 24,000,000 tonnes of fluorite, averaging 11.5% CaF2 with silver, molybdenum and lead by-products. These historical estimates have not been verified by Freeport.
|Mon May 2, 2005
New Developments at Notakwanon, Labrador
claims, 6 sq km). These claims are near the major structural boundary which runs through the Voisey's Bay nickel deposit approximately 25 km to the northwest. In September 2000, Inco Ltd. staked a 250 sq km claim block around Notakwanon. Inco's first year assessment report on its adjacent claims has recently been released by the Government of NL. It notes, "The occurrence of troctolitic breccias with Tasiuyak Gneiss inclusions and disseminated sulphides is a characteristic of the Voisey's Bay deposit."
|Mon Jan 17, 2005
Freeport Concludes Agreement With Province Of NL
FREEPORT RESOURCES INC. is pleased to report that final agreement has been reached with the Province of Newfoundland and Labrador regarding its Hutton property. Freeport will receive a sum of $400,000 to surrender approximately 140 mineral claims (35 sq.km.) located inside the proposed Torngat park reserve. Most importantly, exploration and development at the Hutton garnet-titanium beaches outside the redefined boundary will now be permitted to proceed. This landmark agreement reflects many years of negotiation with government and other interested parties.
|Wed Dec 29, 2004
Stock Option Plan
Freeport Resources proposes to grant 2,145,500 options to directors and officers of the company, at an exercise price of $0.10 per share, expiring Dec. 29, 2009. Issuance of these options remains subject to the filing of the company's Stock Option Plan with the TSX Venture Exchange.
|Mon Oct 18, 2004
Hutton Prefeasibility Report & Marketing Study Update
Freeport Resources Inc. is pleased to announce completion of the Hutton Prefeasibility Report and Market Study update. This report, prepared by Zdenek D. Hora, M.Sc., P.Geol. (Qualified Person), and James D. Hansink, M.S. (Geol.), M.S. (Mgmt.), summarizes all work to date at the Hutton garnet-titanium heavy mineral sand deposits in northern Labrador, and incorporates new information on beach geomorphology developed by Dr. Norm Catto. The report estimates over a million tonnes garnet onshore and offshore (effective date Oct. 14/04), noting the Measured Resource at South Beach alone could sustain a 20,000 tonne per annum operation for over 20 years. The report may be viewed at www.sedar.com as a public company document of Freeport, listed as technical report filed Oct.18, 2004.
|Tue Sep 14, 2004
Hutton project revived
Freeport Resources Inc. is pleased to announce completion of the first phase of the 2004 sampling at its Hutton project in northern Labrador. After a five year hiatus, work at Freeport's garnet-titanium beaches has resumed. This program was made possible by the successful outcome of negotiations with government and other interested parties that resulted in a redefinition of the boundaries of a proposed park reserve. The new boundary excludes the Hutton garnet beaches.
|Mon May 31, 2004
Labrador Inuit Land Claim Ratified
Freeport Resources Inc. is pleased to provide a status report on its Hutton garnet-titanium discovery in northern Labrador. The project was delayed for four years because government proposed termination of all mineral interests in the area in anticipation of a federal park reserve.
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