Business
Freeport receives Hutton approval; BC Gold-CaF2-MoS2-REE Projects Update
Freeport receives Hutton approval; BC Gold-CaF2-MoS2-REE Projects Update
About this update from Freeport Resources Inc.
[{"type":"text","content":"\n\n\n\n Oct. 20, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTSX Venture Exchange: FRI\nShares Issued: 14,226,232\n\n\nVANCOUVER, Oct. 20 /CNW/ - Freeport Resources Inc. is pleased to\n announce approval of its Hutton work plan, with updates for 3 BC\n projects prospective for gold, tungsten, fluorspar, moly & rare earth\n elements (REE). \n\n\nHutton Garnet Beaches: The bulk sample program to collect 5000 tonnes was recently released from environmental assessment, with final approvals now received for work next season.  Processing of about 100 tonnes will commence\n shortly.  A major update to the Business Plan is nearing completion, based on study of economic factors, especially transportation to high\n volume markets in northeast North America.  Garnet is used for waterjet\n cutting, blasting and filtration.  Findings to date appear favourable\n and options for advancing the project are being developed. \n\n\nRed Rose Mine (tungsten-gold):  Final geophysical data is expected soon from the airborne geophysical survey (EM/mag/radiometric) flown in\n August.  Red Rose has excellent gold potential, with published values\n averaging 19.2 g/tonne over 0.7 m width and over 49 m strike length\n (0.56 oz/ton over 2.1 feet over 160 feet) in Adit No. 1.  Bonanza\n grades of 63.8 g/mt over 0.3m (1.86 oz/ton over 1.0 foot) and 49.0 g/mt over 0.7m (1.43 oz/ton over 2.2 feet) were also reported.  The Red Rose shear is\n an importa...