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Freegold Ventures Ltd.
Summary
| Project: | Shorty Creek | |
|---|---|---|
| Deposit: | Shorty Creek | |
| Location: | United States | |
| Commodities: | Copper-Silver-Gold | |
| Date: | 9/8/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-9-2016: Freegold Ventures Ltd. announces an Exploration/Drilling Update report for its Shorty Creek deposit at the Shorty Creek project. Drilling results incl. 434.5m @ 0.12g/t Au, 7.46g/t Ag, 0.36% Cu from 86.1m. September 8th, 2016 (Vancouver, BC) – F | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Alvin Jackson (Internal) | |
| ABSTRACT: | September 8th, 2016 (Vancouver, BC) – Freegold Ventures Limited (TSX: FVL, Frankfurt: FR4N) (“Freegold) is pleased to provide results from its first drill hole from the Summer 2016 drilling program at its Shorty Creek Project, Alaska, located approximately 125 km by road north west of Fairbanks, Alaska. A total of 4 holes have been completed to date. Assays will be reported as they become available. Drilling commenced on Hill 1835, where results of previous drilling by Asarco had suggested the potential for a porphyry system at depth. The Asarco drill program during 1989/1990 ( Holes RH 89/RH90 on plan map) was comprised of an RC drill program with a maximum hole depth of 152 metres. The presence of copper mineralization in conjunction with gold mineralization was noted at depth in most of the historic drill holes. A limited drill program by Freegold in 2015 intersected 0.71% Cu equivalent mineralization over 91 metres from 279 – 371 metres in SC 15-03. Hole SC 16-01 was collared approximately 125 metres SW of hole SC 15-03. Hole SC 16-01 intersected 434.5 metres grading 0.57% Cu equivalent from the base of oxidation at 86.1 metres to EOH at 520.6 metres. Within this broad intercept a highergrade interval of 207 metres grading 0.73% Cu equivalent from 138.6 metres to 345 metres was also intersected. Mineralization remains open to depth with the last 12 metres grading 0.82% Cu equivalent. (Cu 0.55%, Au 0.145 g/t and Ag 9.67 g/t). | |
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