Jaguar Mining Inc. press release
Freeport provides Notakwanon update
TSX - Toronto Stock Exchange · Gold · Arsenic · Antimony · Silver · Canada
TSX Venture Exchange: FRI Shares Issued: 10,449,232 Fully Diluted: 12,927,732
VANCOUVER, Sept. 1 /CNW/ - FREEPORT RESOURCES INC. is pleased to update developments at its Notakwanon property in northern Labrador. The claims are about 25 km southeast of the Voisey's Bay nickel mine, and near the major structural boundary which runs through that mineral deposit. With recent staking in the area, Freeport's 100% owned Notakwanon property has been completely surrounded by a large block of claims held by Inco Ltd. and Cornerstone Capital Resources, recently noted in John Kaiser's Bottom Fishing Report. Inco's first year assessment report on the adjacent claims states, "The occurrence of troctolitic breccias with Tasiuyak Gneiss inclusions and disseminated sulphides is a characteristic of the Voisey's Bay deposit." As noted in Freeport's May 2, 2005, press release, an audio- magnetotelluric (AMT) geophysical survey performed by Inco extended approximately 600 metres inside Freeport's property boundary. Importantly, the primary geophysical anomaly extends across Freeport's claims. Freeport has engaged the Ecole Polytechnique in Montreal to reinterpret Inco's geophysical data and this work is presently underway. Several rock samples were collected at the site last week by John Archibald APGO and have been sent for assay. Once results will be reviewed, they will be released. John Archibald is the Qualified Person who has reviewed this news release. To the knowledge of the company, no other material facts are available at this time.
Freeport Resources, founded in 1981, is a junior mineral exploration company listed on the TSX Venture Exchange. Freeport has landholdings in Labrador and B.C., with a special focus on industrial minerals, precious metals, and gemstones.
Respectfully submitted on behalf of the Board of Directors,
"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.
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