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|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.