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Freegold Ventures Ltd.
Summary
| Project: | Shorty Creek | |
|---|---|---|
| Deposit: | Shorty Creek | |
| Location: | United States | |
| Commodities: | Copper-Silver-Gold-Cobalt-Tungsten | |
| Date: | 1/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-1-2018: Freegold Ventures Ltd. announces an Exploration/Drilling Update report for its Shorty Creek deposit at the Shorty Creek project. Drilling results incl. 286.3m @ 0.21% Cu, 0.15g/t Au, 4.52g/t Ag, 99ppm Co, 0.011% WO3 from 209m. Vancouver, Januar | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Alvin Jackson (Internal) | |
| ABSTRACT: | Vancouver, January 22, 2018 - Freegold is pleased to report the final results of the outstanding assay results from its 2017 drill program at Shorty Creek. Results continue to confirm the size potential of this large porphyry project. Hole 17-05A intercepted another broad zone of copper mineralization of 165 metres grading 0.60% Cu equivalent*. Located 125-road km northwest of Fairbanks, Alaska (population 100,000), Freegold acquired Shorty Creek in 2014, believing that Shorty Creek had the potential to host a significant copper porphyry system. In 2015, Freegold commenced its first drilling (3 holes) at Hill 1835 with the objective of testing both the ground and airborne geophysical anomalies, and to determine if the mineralization extended beyond the 150 metres depth drilled by Asarco in 1989-1990 while exploring for gold. Twenty-five years later, Hole 15-01 successfully intersected copper mineralization beyond the depth of the limited previous Asarco drilling. Hole 15-02 intersected the pyritic halo outside the main magnetic feature, and hole 15-03, not only discovered significant copper mineralization, (91.4 metres grading 0.81% Cu equivalent*) but also demonstrated that the copper mineralization was associated with the magnetic high at Hill 1835. The magnetic feature at Hill 1835 covers a 700 metre by 1,000-metre area. Drilling in 2016 (2 holes) at Hill 1835 continued to demonstrate the association of copper mineralization with the magnetic high at Hill 1835 and also successfully intersected mineralization to a depth of at least 520 metres, (Hole 16-01 – 434.5 metres grading 0.64% Cu equivalent*) and (Hole 16-02 – 409.5 metres grading 0.49% Cu equivalent*), demonstrating both the size and tonnage potential of Hill 1835. Drilling was also carried out on Hill 1710, an area located 2.5 km northwest of Hill 1835. | |
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