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freyja resources inc (DFCPF) Snapshot

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freyja resources inc (DFCPF) Details

Freyja Resources Inc., an exploration stage company, is engaged in the acquisition, exploration, and development of mineral resource properties in Northern Mexico. It principally holds interests in the Las Cristinas copper/silver project located in Chihuahua State. The company was formerly known as D-Fense Capital Ltd. and changed its name to Freyja Resources Inc. in April 2013. Freyja Resources Inc. was incorporated in 2005 and is based in Montréal, Canada.

Founded in 2005

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freyja resources inc (DFCPF) Key Developments

Freyja Resources Inc. Announces Board Changes

Freyja Resources Inc. announced that Ron Keenan, a director of the company has been appointed as Vice President Development and Corporate Secretary of the company. Mr. Keenan has over 23 year of experience in senior executive positions at numerous major resource management players, including Laidlaw, Veolia, Matrec and Newalta. Mr. Keenan will continue to serve as a director of Freyja but has resigned as a member of the Audit and of the Human Resources and Governance Committee. Mr. Robert Boisjoli, a director and member of the Audit Committee of the Company will replace Mr. Keenan as the Chairman of that committee and Mr. Keenan will be replaced by Jean Halde on both the Audit Committee and the Human Resources and Governance Committee.

Freyja Resources Inc. Receives Drilling Permit from the Secretary of the Ministry of Environmental and Natural Resources of Mexico

Freyja Resources Inc. announced that it has received a drilling permit from the Secretary of the Ministry of Environmental and Natural Resources of Mexico. The Permit covers areas of the Las Cristinas Property where drilling operations will not impact vegetation. The first phase of the drilling program, which is expected to start in April 2014, will consist of approximately 1,000 meters, with more drilling targets to be identified in the coming weeks. The drilling program's main objective will be to delineate the initial open pit production area within the 550 meter mineralized sections comprised of the North Mount and South Mounts and to test the Southern Extension. The work will focus on the oxide copper mineralized surface section and the sulfide copper/silver ore at depth.

Freyja Resources Inc. Discovers New Anomaly at Las Cristinas

Freyja Resources Inc. announced the latest results of its sampling program the Las Cristinas copper/silver project located about 200 kilometers from Chihuahua, Mexico. This new phase of the sampling program consisted mainly of channel sample intervals and continued to focus on the southern end of the Property (the 'Las Cristinas Area') where small scale copper production took place in the early 70s. The Las Cristinas Area is approximately 1.3 kilometers long. The Las Cristinas Area consists of four mineralized zones. The main exploration target is split between two zones described as the South Mount (the 'South Mount') which has a 250 meter long mineralized section and the North Mount (the 'North Mount') which has a 300 meter long mineralized section. The Las Cristinas Area also includes a mineralized zone to the south (the 'Southern Extension') and a mineralized zone to the north (the 'Northern Extension'). The latest samples were taken primarily in the Northern Extension. The sampling program consisted of over 24 channel samples ranging from three kg to five kg per sample with a length varying from 0.8 to 1.2 meter. The samples were delivered, in secure tagged bags, directly to the analytical facility for analysis, namely the laboratory of ALS Chemex de Mexico, located in Chihuahua City, Mexico. The samples were weighed, identified and photographed prior to sample preparation. All samples are analyzed by ME-ICP61 for 31 elements, Au-ICP21 for gold, Ag-OG62 when Ag is greater than 100g/t, Cu-OG62 when copper is greater than 1% and by Cu-AA07n to obtain the oxide portion of copper. The upcoming drilling program will target the South Mount and the North Mount, an area exploited in the 70s. The drilling program's main objective will be to delineate the initial open pit production area within the 550 meter mineralized section and to test the Southern Extension. The work focus will be the oxide copper mineralized surface section and the sulfide copper/silver ore to a depth of 100 meters. In addition, the company supplements metallurgic tests to determine the recovery rates of copper -silver and lixiviation tests are concurrently being conducted. This will provide an indication of costs. Following the drilling campaign and subject to results, the Company intends to build on site a heap leach pad. Investors should note that Freyja does not have a defined NI 43-101 resource and that a feasibility study has not been completed. There is no certainty that the proposed operation will be economically viable.

 

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