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Freegold Ventures Ltd.
Summary
| Project: | Shorty Creek | |
|---|---|---|
| Deposit: | Shorty Creek | |
| Location: | United States | |
| Commodities: | Copper-Silver-Gold-Cobalt-Tungsten | |
| Date: | 11/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-11-2017: Freegold Ventures Ltd. announces an Exploration/Drilling Update report for its Shorty Creek deposit at the Shorty Creek project. Drilling results incl. 408m @ 0.27% Cu, 0.05g/t Au, 4.97g/t Ag, 85ppm Co, 0.05% WO3. November 16th, 2017 (Vancouve | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Alvin Jackson (Internal) | |
| ABSTRACT: | November 16th, 2017 (Vancouver, BC) – Freegold Ventures Limited (TSX: FVL, Frankfurt: FR4N) (“Freegold) is pleased to provide initial results of its 2017 drilling program on its Shorty Creek Project, Alaska where drilling intercepted significant widths of copper-gold-silver, cobalt and tungsten mineralization further confirming both the grade and tonnage potential of Shorty Creek, a large porphyry style exploration target with potentially significant by-product credits. Since our initial discovery hole was announced, Freegold has completed approximately 4,200 metres of drilling at Hill 1835. Our deepest hole SC 16-01 returned material grading Cu 0.55%, Au 0.145 g/t and Ag 9.67 g/t over the last 12 metres with the presence of bornite noted. Nine holes have been drilled within the 700 x 1,000 metre magnetic high at Hill 1835, which remains open both laterally and at depth. Porphyry style mineralization is associated with potassic and pervasive sericite alteration, within hornfelsed sedimentary rocks that are cut by porphyritic dykes and sills. The copper mineralization is primarily chalcopyrite with subordinate bornite. The 2017 program consisted of several step out holes building on the success of the 2015 and 2016 programs and confirmed the sizeable target at Hill 1835. Hill 1835 is only one of the several magnetic highs identified within the Shorty Creek property. The Shorty Creek property has the potential to host several copper porphyries in addition to the Hill 1835 target throughout its 100 square kilometer area. | |
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