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.
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.
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