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Freegold Announces Shorty Creek Drill Results

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Freegold Announces Shorty Creek Drill Results

 

 

 

 

 

Freegold Ventures Limited (TSX: FVL) (OTCQX: FGOVF) reports assays from the 2021 drill program on the Shorty Creek project. A total of 8 holes were drilled (3,397metres) and the program was fully funded under the Shorty Creek Option Agreement with a wholly-owned subsidiary of South32 Limited.  Shorty Creek lies approximately 125 road km northwest of Fairbanks, Alaska and 4 kms to the south of the abandoned mining town of Livengood and the all-weather paved Elliott Highway.

 

Eight widely spaced holes were drilled on the property and provided a limited test of the areas outside of the Hill 1835 area, where Freegold previously focused its attention. The Hill 1835 area covers a 1,000 metre by 1,500 metre target area with copper mineralization associated with the magnetic high.

  • Two holes were drilled in the Quarry target (SC2101, SC2102). The Quarry target tested a portion of the approximately 8km long magnetic anomaly.
  • SC2103, was drilled 350 metres northeast of SC1901A. This hole was designed to test an IP chargeability high and coincident magnetic low. SC1901A, drilled on the northern edge of the Hill 1835 target area intersected 99.1 metres of 0.29% Cu, 0.014 g/t Au, and 1.61 g/t Au.
  • Holes SC2104 was drilled 500 metres northeast of SC2103 and was drilled within the chargeability high and flanking the Steel Creek magnetic high.
  • SC2105 through SC2107 were drilled in the Steel Creek area. The holes were all drilled within the weaker portion of the magnetic high at Steel Creek.
  • SC2108 was drilled in the IP chargeability high flanking the magnetic high at Hill 1710.

 

 

Hole
Number
Hole
Depth
From

(m)

To

(m)

Interval

(m)

Dip Azimuth Cu
%
Au
ppm
Ag
ppm
SC2101 335.5 -60 315 NSV
SC2102 348 -70 90 NSV
SC2103 608.2 147.8 243.6 63.6 -70 135 0.12 0.24 1.12
SC2104 228.8 -70 135 NSV
SC2105 500.7 -70 135 NSV
SC2106 302.8 -67 145 NSV
SC2107 639.3 -66 205 NSV
SC2108 433.4 -65 312 NSV
NSV – No Significant Values – Width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization. See accompanying map for hole locations

 

 

The Qualified Person for this release is Alvin Jackson, PGeo – Vice President Exploration and Development for Freegold.

 

Drill cores were logged, photographed, and cut in half using a diamond saw, with one-half placed in sealed bags for preparation and subsequent geochemical analyses by Bureau Veritas, with sample preparation carried out in Fairbanks with subsequent studies performed primarily using their Vancouver, and Hermosillo, Mexico facilities. A sample quality control/quality assurance program was in place.

 

Map Showing Location of Drill Holes:

 

https://freegoldventures.com/site/assets/files/2274/sc-plan-location.jpg

 

About Freegold Ventures Limited

 

Freegold is a TSX listed company focused on exploration in Alaska and holds through leases the Golden Summit Gold Project, near Fairbanks as well the Shorty Creek Copper –Gold Project near Livengood.

 

Posted May 12, 2022

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