TORONTO, ONTARIO--(Marketwire - June 11, 2008) - Freewest Resources Canada Inc. (TSX VENTURE:FWR) "Freewest" and Spider Resources Inc. (TSX VENTURE:SPQ) "Spider" and KWG Resources Inc. (TSX VENTURE:KWG) "KWG" are pleased to announce additional results from the diamond drilling program on their jointly owned Freewest Option property (the "Property"), located approximately 15 kilometres southwest of the McFaulds Lake volcanogenic massive sulphide ("VMS") occurrences and approximately 3.6 kilometres northeast of Noront Resources Ltd.'s ("Noront") Eagle One Magmatic Massive Sulphide ("MMS") discovery, in the Ring of Fire area of the James Bay Lowlands region of Northern Ontario. Massive chromitite layers in a peridotite sill were encountered in hole FW-08-07 returning Cr2O3 grades as high as 30.73% over 14.4 metres, other layers within the peridotite sill show enrichment in Platinum and Palladium as high as 2.183 g/t (Pt + Pd + Au) over 9.0 metres as well as enrichment in Nickel up to 0.21% Nickel over 3.6 meters.
As previously announced in an earlier release (dated May 2, 2008), Hole FW-08-05 encountered 35.6% Cr2O3 over a drill intercept of 7.5 metres, along with other layers showing enrichment in Platinum, Palladium and Nickel, this drill intercept is located 100 metres to the SW of the intercept in hole FW-08-07. Hole 5 was designed to undercut hole the 2006 drill hole numbered FW-06-03 on the same drill section that intersected two chromitite layers returning grades of 34.5% Cr2O3 over 1.03 metres, followed by 28.9% Cr2O3 over 0.85 metres (announced June 29, 2006). In light of a regional exploration review and discussions with neighbouring explorers, there is a consensus of opinion and a determination that the top of the chromitite layered complex is likely to the SE, with bottom being towards the NW. Observations in the drilling within this portion of the sill suggests thickening of the chromitite layers to depth and the northeast, consequently the focus of the next round of drilling will be to further investigate this Cr-PGE-Ni occurrence, exploring it to greater depths and along strike to the northeast and to continue the testing of several of the other anomalies on the property. Ground geophysical surveying is underway and is anticipated to be completed by the third week of June. Drilling is scheduled to continue immediately thereafter.
The joint venture commenced drilling in late March 2008 and concluded drilling in mid May, in the vicinity of their chrome-nickel-platinum group metal bearing peridotite previously discovered by Spider and KWG in 2006, which appears to have many geological similarities to the Eagle Two discovery of Noront, announced in late February. Spider and KWG completed 7 holes for a total of 2,184 metres, under the auspices of Dr. Howard Lahti, P.Geo., of Billiken Management Services Inc. ("Billiken") an exploration consulting firm retained to complete the field program. Billiken provided the onsite supervision as well as camp facilities, helicopter support and other logistical support for the program.
RECENTLY RECIEVED ANALYTICAL RESULTS
Hole FW-08-06, was located 100 meters grid west of FW-08-05, and was drilled at an inclination of -50, with an azimuth of 150 degrees, to a total depth 384 meters. The hole was collared in limestone, entered granodiorite at 17.8 meters, then intersected peridotite at 103.3 meters. At 330.2 meters, massive chromitite layering started, interstitial rock at this location is described as pyroxenite/peridotite with local thin bands of massive magnetite. At 346.5 to 384 meters the rock is pyroxenite with short (1 m) chromitite beds, and erratic patches of fine grained pyrrhotite and pyrite throughout. The following table presents the results of hole FW-08-06:
------------------------------------------------------------------------------------------------------------------------------------------------------Hole From To Int. Ni Pt Pd Au TPM Cr Fe# (m) (m) (m) % g/t g/t g/t (g/t) % Cr2O3% %---------------------------------------------------------------------------FW-08-06 285.0 286.5 1.5 0.09 0.99 0.50 0.03 1.50 0.34 0.50 6.2---------------------------------------------------------------------------followed by 289.5 295.5 6.0 0.04 0.42 0.20 0.01 0.62 0.16 0.27 3.2---------------------------------------------------------------------------followed by 328.5 336.0 7.5 0.14 0.16 0.18 0.02 0.35 4.02 7.15 9.9---------------------------------------------------------------------------followed by 339.0 340.2 1.2 0.17 0.04 0.07 0.00 0.11 8.89 24.64 21.7---------------------------------------------------------------------------followed by 377.1 384.0 6.9 0.14 0.08 0.12 0.01 0.21 3.74 9.73 11.1------------------------------------------------------------------------------------------------------------------------------------------------------For the above table TPM refers to Total Precious Metals (Pt + Pd + Au)
Hole FW-08-07, located 100 meters grid east of FW-08-05, and was drilled at an inclination of -50, with an azimuth of 150 degrees. This hole was drilled to a final depth of 405.7 meters. Hole 7 encountered peridotite at 10 meter core length and the hole remained in peridotite until 194.7m. Chromitite layering started in a Pyroxenite, followed by short chromitite layers between 194.7 to 195 meters, and between 197.8 to 205.5 meters, followed by a thick bed of chromitite between 209.8 to 223.3 meters. This hole continued in pyroxenite until 300 meters where the hole entered gabbro and remained in this rock unit until 405.7 meters. The following table presents the results of hole FW-08-07:
------------------------------------------------------------------------------------------------------------------------------------------------------Hole From To Int.
