TSX Venture Exchange: FRI
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VANCOUVER, Sept. 10, 2012 /CNW/ - Freeport Resources Inc. (TSXV: FRI) is
pleased to announce the bulk-loading strategy required for
commercial-scale production at its Hutton Garnet Beaches project has
proven feasible. Recent field work has shown site access by large
commercial vessels is possible and the site is very suitable for
landing. A tug and two barges were brought to South Beach to test the
marine operational plan for exploiting the garnet sands. A detailed
route to shore was established and recorded by a registered Marine
Surveyor. Enough marine data was collected to establish the
practicality of full-scale production - a landmark development for the
Hutton project. Freeport greatly appreciates support by the Government
of Newfoundland and Labrador's Junior Exploration Assistance program,
an incentive program encouraging mineral exploration. Please see
photos of the marine access study at Point-Vim-NT1032 , Sappatak-NT1032-Ryans-Bay and South-Beach . Additional photos will be made available soon at the Hutton photo gallery on Freeport's website.
Unique aspects of the program included specialized advance marine
forecasting and detailed site weather predictions to identify
conditions favourable for landing barges, working ashore and to ensure
safety of the vessels. Work at the site confirmed that only certain
wind conditions, namely easterlies, could affect the proposed
operation; this may be resolvable by use of spud barges.
In June, a community meeting was held in Nain. An environmental
assessment was previously completed. A bird survey subsequently
conducted at both beaches by a team of several environmental scientists
and Nain residents with extensive local knowledge identified twelve
avian species common to the area. Geological sampling was also done to
complement and verify previous data and update tonnage estimates.
Barge and weather delays necessitated an extension of several days to
the August 31 work permit deadline. As it was not granted, the bulk
sample could not be completed as planned. However, sufficient material
is available from previous work to finish mineral processing studies
and pilot plant design. A temporary facility has already been
established and processing is planned to commence soon. Information
from the 2012 work will be used to complete the Feasibility Study. The
Hutton project's NI43-101 Prefeasibility Study and Marketing Survey was
completed in 2004.
Zdenek Hora, M.Sc., P.Geo., is the qualified person who has reviewed
Freeport Resources, founded in 1981, is a mineral exploration company
with a portfolio of promising, diversified properties in Canada, from
precious and base metals to industrial minerals. Please visit our
website at www.freeportresources.com, email email@example.com, or view our presentations at http://www.freeportresources.com/i/pdf/Hutton2011.pdf and http://www.freeportresources.com/i/pdf/spanishmt2011.pdf for more information.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Freeport Resources Inc.
For further information:
Freeport Resources Inc.
Brenda Clark, MAIBC
President & CEO
1-888-275-7335 (toll free)
(604) 275-7335 (tel.)