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|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.
|Wed May 5, 2004
Freeport Reports Hutton Processing Study Completed
Freeport Resources Inc. is pleased to announce results from an extensive processing study on its Hutton garnet sands. Work was completed by UBC's Center for Industrial Minerals Innovations (CIMI) under the direction of Dr. Bern Klein. Four different flowsheets were used to study the effects of various separation techniques on samples taken from South Beach in 1999. The overall objective was to prepare garnet concentrates for market testing prior to upcoming field work.
CIMI's proposed flowsheet is simple and economical, but also highly effective. It consists of a scalping screen to remove coarse material, gravity concentration, dry high intensity rare earth magnetic separation, and optional electrostatic separation.