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Freegold Ventures Ltd.
Summary
| Project: | Shorty Creek | |
|---|---|---|
| Deposit: | Shorty Creek | |
| Location: | United States | |
| Commodities: | Copper-Silver-Gold | |
| Date: | 6/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-6-2017: Freegold Ventures Ltd. announces an Exploration/Drilling Update report for its Shorty Creek deposit at the Shorty Creek project. Amended technical report summarising technical aspects of project. The Shorty Creek property (Property) is located i | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John R. Woodman (Woodman Geologic Consultants) | |
| ABSTRACT: | The Shorty Creek property (Property) is located in the Livengood - Tolovana Mining District about 125 road-kilometres northwest of Fairbanks Alaska. The Property lies about 4 kilometres south of the now-abandoned gold-mining town site of Livengood and the allweather paved Elliott Highway. The claim group is situated primarily within Township 7 North, Ranges 4 and 5 West, Fairbanks Meridian; in the Livengood B-3 and B-4 quadrangles. The Property is centered on 430000 E, 7257500 N (UTM NAD 27 for Alaska, Zone 6 North datum (Figure 4.2). The Property is comprised of 328 State of Alaska mining claims covering 31,478 acres (12,738.69 hectares). The Trans-Alaska Pipeline and the associated surface access corridor cross the Property. This 48-inch diameter 800 mile long pipeline carried 517,568 barrels per day of crude oil (approx. 50% of design capacity), during 2016 from production facilities on Alaska’s North Slope to the all-weather port of Valdez, Alaska. In addition, the right -of-way for the proposed trans-Alaska natural gas pipeline also passes through the Property and is largely coincident with the oil pipeline right-of-way. The Shorty Creek prospect was originally located as an antimony prospect in 1972. It was re-evaluated as a copper-molybdenum prospect by Earth Resources in 1972 and was reportedly drilled in several locations prior to 1974. No technical data remains from this work. Public sector mineral evaluations between 1979 and 1984 indicated that copper; gold and arsenic mineralization was exposed in road cuts on the Alyeska Pipeline access road on what is now the southwestern extension of the Hill 1835 prospect. | |
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