B2Gold Corp. press release
Freeport Extends Hutton RFP Submission to Jan. 17, 2007
TSX - Toronto Stock Exchange · Gold · Canada
>
VANCOUVER, Oct. 30 /CNW/ - FREEPORT RESOURCES INC. is pleased to provide an update on its Hutton property, Labrador. The Request for Proposals (RFP) process has been extended six weeks to permit completion of the proposals, with final submissions to be received by January 17, 2007. The RFP outlining the Hutton development opportunity is available at sedar.com as a public company document of Freeport Resources, filed June 27, 2006. Freeport's Hutton project consists of several high grade heavy mineral sand beaches on Canada's east coast, composed largely of alluvial almandine garnet. Test work has proven that Hutton garnet is well suited to waterjet cutting due to grain sizing, sub-angular shape and lack of inclusions. Hutton concentrates have met or exceeded performance of commercially available waterjet products. Processing consists of straightforward, environmentally friendly techniques such as wet gravity methods, magnetic separation and sieving. The Hutton project continues to attract world-wide interest, especially as high quality garnet is in high demand in both North America & Europe. Derek White, formerly of GMA Garnet, Australia, notes a "successful global garnet producer" must:
>
White's criteria tend "to favour alluvial deposits over hard rock occurrences..." supported by "a high class distribution network, and the sales volume and the physical and financial capability to make bulk shipments..." Freeport believes that the RFP process will greatly assist in moving the Hutton project forward to the next level. Work this year at the Hutton consisted of archeological, surveying and marine studies in advance of next summer's program, the first stage of which is planned to include a 5,000 tonne sample to test logistical approaches, as well as baseline studies. Various mineral processing studies on the 2005 bulk sample are currently underway. A detailed review of Freeport's landholdings is included in the Management Discussion & Analysis for the quarter ended July 31, 2006, filed at sedar.com.
Respectfully submitted,
"Brenda Clark"
Brenda Clark, MAIBC President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
%SEDAR: 00006031E