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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.
|Thu Dec 11, 2003
Hutton Garnet Beaches Excluded from Proposed Park Reserve
FREEPORT RESOURCES INC. is pleased to provide a status report on its Hutton project in Northern Labrador. Featured on the cover of the December 2003 edition of the Voisey's Bay News, the Hutton garnet beaches represent a high-grade resource well-positioned to supply waterjet-grade material to North America and Europe.
|Mon May 28, 2001
Freeport Provides Notakwanon Property Update
Freeport Resources is pleased to provide an update on its Notakwanon River claims in northern Labrador. The 23 claim (6 sq. km) block is located near the major structural boundary which runs through the Voisey's Bay nickel deposit approximately 25 km north. Staked in 1995, the property consisted of 995 claims which were later grouped and reduced to retain the most promising areas. Inco Ltd. recently staked 1001 claims surrounding the entire property. Freeport has entered into confidentiality agreements with several major companies regarding the Notakwanon claims.
|Mon Apr 23, 2001
Freeport Announces Hutton Prefeasibility Report & Marketing Study Completed
Freeport Resources is pleased to announce that the Prefeasibility Report and Marketing Study on its garnet-titanium beach sand deposits at the Hutton property in Northern Labrador has been completed. The report, prepared by Zdenek D. Hora, M.Sc., P.Geol. (Qualified Person), and James D. Hansink, M.S. (Geol.), M.S. (Mgmt.), summarizes preliminary resource and reserve estimates as follows:
|Wed Jul 5, 2000
Offshore claims outside proposed Park Reserve
Freeport Resources announces new developments regarding the Hutton project in northern Labrador. Correspondence received this morning from the Government of Newfoundland and Labrador acknowledges offshore mineral licences are located "outside the proposed National Park area", and that no action has been taken and no decision made with respect to these claims. Freeport's offshore licences consist of approximately 117 claims (29.25 sq.km.) which cover three heavy mineral sand beaches below the high tide line. A previous governmental letter received June 12, 2000, stated Freeport would not be granted a mining lease "in anticipation" of establishment of a proposed National Park reserve, but was silent on development of offshore claims.
|Mon Jun 12, 2000
Government of Newfoundland and Labrador Requests Arrangements to Terminate Mineral Interests
Freeport Resources announces that correspondence from the Government of Newfoundland and Labrador, dated June 7, 2000, received today by mail, expresses interest in "arrangements to terminate [Freeport's] mineral interests" in its Hutton property in northern Labrador. This includes the high grade garnet-titanium beaches on tidewater discovered three years ago. The letter was written in response to a 10 hectare mining lease application submitted in December of 1999 for part of one of the garnet beaches. It states, "In anticipation that a federal park will be established ... Government has taken a decision that a mining lease will not be issued to Freeport Resources Inc. [which] will not be permitted to undertake mineral development in this area." No mention is made with respect to Freeport's offshore claims in the vicinity.
|Tue May 16, 2000
High Garnet Content Confirmed at the Hutton Beaches
Freeport Resources is pleased to announce new results from its garnet-titanium sand discovery in northern Labrador. These beach deposits, with 65 wt.% garnet & 4.12% TiO2 over 860 m. of Beach South previously reported, have been featured in a number of international journals. Frank Alsobrook, an independent geologist with expertise in industrial minerals, notes garnet content at the Hutton beaches is "much higher than most alluvial garnet deposits known world-wide." On recent review of new data, he states, "This is a garnet deposit with a natural particle size distribution well suited to water-abrasive jet cutting...remarkable for an alluvial material after no processing other than magnetic separation." Initial AWJ tests of Hutton garnet show performance at 96% of a leading commercial product. The AWJ industry, growing rapidly in North America and Europe, is a major consumer of almandine garnet.
|Mon Jun 14, 1999
Hutton Project Results
Freeport Resources is pleased to announce new information regarding its HUTTON project (588 claims, 147 sq.km.) in Labrador. This has been an exciting time, with several international articles featuring our garnet sand discovery in Labrador. These include the Mining Journal (London, England, Jan. 1999), North American Mineral News (April 1999), and most recently, Industrial Minerals (Metal Bulletin, UK, June 1999).
Well-known industrial garnet expert, Mr. Frank Alsobrook, of New Jersey, was engaged to provide an independent opinion on garnet results to date. He states grades of 58% are "much higher than most other alluvial garnet deposits that are known world-wide", and "...that, with further exploration, a large resource of garnetiferous sands might be delineated at these sites". He summarizes that the sand is well sorted and its garnet grains typically contain few inclusions and are free of internal fractures. Sub-angular grains predominate by far, which is good from a commercial standpoint. "All considered, therefore, these are very interesting garnet prospects indeed, and their further exploration is warranted."
|Tue Apr 27, 1999
Hutton Project Results
Freeport Resources is pleased to announce new information from its 1998 HUTTON project (576 claims, 144 sq.km.) in Labrador. To further evaluate the mineralogy and composition of garnet-rich sand discovered at the KANGA EAST claims, a representative composite of 3 samples from Beach South (BA, BD, & BG) was made (approx. 25 kg. total weight). The samples were selected on the basis of location to give an overall representation of the heavy mineral sand, as they were spaced at 430 m. intervals along the 860 m. long portion of the beach which was sampled last summer. The composite sample was examined by Lakefield Research Laboratories to determine the proportion of garnet and other heavy minerals with further economic potential. Magnetic separation and dry gravity methods were used to produce a garnet concentrate for use in further testing.
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