Freeport Announces Notakwanon results

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VANCOUVER, Sept. 23 /CNW/ - FREEPORT RESOURCES INC. is pleased to
announce results from its Notakwanon claims in Labrador. 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.
As reported May 2 and September 1, 2005, Inco mistakenly conducted an
audio magnetotelluric (AMT) survey inside Freeport's claims in the fall of
2000. Freeport became aware of the geophysical survey last spring when Inco's
assessment report was publicly released by the NL government. On Freeport's
request, Inco has since provided data for 39 stations along two north-south
profiles inside Notakwanon to the Ecole Polytechnique (EP) for recalibration
and an independent interpretation. EP's work has clearly shown a "particular
high phase zone in the middle of the survey area".
A variety of modelling techniques were used to delineate a large       
"V-shaped" conductive body about 500m inside Freeport's property where the
zone is best defined. The body is part of a ESE trending conductive zone with
a lateral (NS) extension of about 1km, deepening to the east towards the claim
boundary. According to EP's report, although the body is about 500m below
surface, it appears some portions extend closer to surface, though
conductivity decreases. Thickness of the body is in the order of 500m. Michel
Chouteau of EP recommends a big loop electro-magnetic (EM) survey or drill
testing to explain the anomaly, which may reflect a sulphide zone with
sufficient connectivity to be conductive over large areas.
The AMT anomaly coincides with an area where Freeport's 1996-1997
geological work identified a gabbroic intrusion appearing to have steep
contacts with host gneisses, possibly representing a portion of a feeder
system. (Elsewhere on the property gabbroic intrusions have relatively flat-
lying contacts). Several rock samples collected from this area in August 2005
have been sent for petrographic analysis. Surface samples from the vicinity
exhibit elevated nickel values to 1749 ppm. When recalculated to one hundred %
sulphide, sample ND-28-1997, collected near the AMT anomaly gives values of
2.1% Ni, 6.7% Cu and 0.32% Co.
At the west of the property, an airborne EM/mag survey conducted for
Freeport in 1995 identified a prominent circular magnetic anomaly interpreted
as a possible vertical plug-like source. It is believed that the area west of
the lake may be a separate phase of the intrusion given a greater percentage
of oxide phases. In any case, a gossanous patch near a 2 m-wide by 20 m-long
disseminated sulphide zone (pyrite, pyrrhotite, trace chalcopyrite) near the
anomaly returned an assay of 1180 ppm Cu, 1361 ppm Ni and 526 ppm Co.
Mr. Chouteau is the geophysicist who has reviewed this release. Please
refer to previous releases dated May 5, 2001, May 2 & September 1, 2005, for
geological details, or contact Brenda Clark at (604) 275-7335 (tel.) or      
1-888-275-7335 (toll free), or via email: freeportresources(at)shaw.ca

                                  Respectfully submitted,

                                  "Brenda Clark"

                                  Brenda Clark, MAIBC
                                  President

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