Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • Data Privacy
  • Français
  • my CNW 
    • Login
    • Register
  • Client Login 
    • Online Member Centre
    • Next Gen Communications Cloud
    • Cision Communications Cloud®
  • Sign Up
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
Advanced Search
  • News in Focus
      • Browse News Releases

      • All News Releases
      • All Public Company
      • News Releases Overview

      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
      • Multimedia Gallery Overview

      • Trending Topics

      • All Trending Topics
  • Business
      • Auto & Transportation

      • All Automotive & Transportation
      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • Auto & Transportation Overview

      • View All Auto & Transportation

      • Business Technology

      • All Business Technology
      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • Business Technology Overview

      • View All Business Technology

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Financial Services & Investing

      • All Financial Services & Investing
      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • Financial Services & Investing Overview

      • View All Financial Services & Investing

      • General Business

      • All General Business
      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • General Business Overview

      • View All General Business

  • Science & Tech
      • Consumer Technology

      • All Consumer Technology
      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • Consumer Technology Overview

      • View All Consumer Technology

      • Energy & Natural Resources

      • All Energy
      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • Energy & Natural Resources Overview

      • View All Energy & Natural Resources

      • Environ­ment

      • All Environ­ment
      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • Environ­ment Overview

      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • All Heavy Industry & Manufacturing
      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • Heavy Industry & Manufacturing Overview

      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • All Telecomm­unications
      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • Telecomm­unications Overview

      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • All Consumer Products & Retail
      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • Consumer Products & Retail Overview

      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Health

      • All Health
      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • Health Overview

      • View All Health

      • Sports

      • All Sports
      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • Sports Overview

      • View All Sports

      • Travel

      • All Travel
      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • Travel Overview

      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • All Policy & Public Interest
      • Advocacy Group Opinion
      • Animal Welfare
      • Canadian Federal Government
      • Canadian Municipal Government
      • Canadian Provincial Government
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • Policy & Public Interest Overview

      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • All People & Culture
      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • People & Culture Overview

      • View All People & Culture

  • Advanced Search
  • Overview
  • Multichannel Amplification
  • Monitoring
  • Distribution
  • Multimedia
  • Guaranteed Paid Placement
  • AI Tools
  • IR
  • Become a Client
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • General Enquiries
  • Media
  • Worldwide Offices
  • Hamburger menu
  • Cision Canada
  • Send a Release
  • FR
    • Phone

    • 877-269-7890 from 8 AM - 10 PM ET

    • ALL CONTACT INFO
    • Contact Cision

      877-269-7890
      from 8 AM - 10 PM ET

  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
    • Trending Topics
  • Business
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR
  • Overview
  • Multichannel Amplification
  • Monitoring
  • Distribution
  • Multimedia
  • Guaranteed Paid Placement
  • AI Tools
  • IR
  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR
  • Become a Client
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • General Enquiries
  • Media
  • Worldwide Offices
  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR

Shorty Creek Update: Drilling at Shorty Creek Intercepts 165 Metres Grading 0.60% Cu Equivalent


News provided by

Freegold Ventures Limited

Jan 22, 2018, 13:17 ET

Share this article

Share toX

Share this article

Share toX

FVL: TSX

VANCOUVER, Jan. 22, 2018 /CNW/ - 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.

At least 3 phases of mineralization are present (CNW Group/Freegold Ventures Limited)
At least 3 phases of mineralization are present (CNW Group/Freegold Ventures Limited)
DRILLING AT SHORTY CREEK INTERCEPTS 165 METRES GRADING 0.60% CU EQUIVALENT - Map Showing Location of Drill Holes - Hill 1835 (CNW Group/Freegold Ventures Limited)
DRILLING AT SHORTY CREEK INTERCEPTS 165 METRES GRADING 0.60% CU EQUIVALENT - Map Showing Location of Drill Holes - Hill 1835 (CNW Group/Freegold Ventures Limited)
At least 3 phases of mineralization are present (CNW Group/Freegold Ventures Limited) DRILLING AT SHORTY CREEK INTERCEPTS 165 METRES GRADING 0.60% CU EQUIVALENT - Map Showing Location of Drill Holes - Hill 1835 (CNW Group/Freegold Ventures Limited)

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.  Five holes were drilled, each spaced 400 metres apart. Although grades intersected were not economic, each hole intersected strongly anomalous copper mineralization throughout the entire hole with copper grades increasing as the drilling moved to the northeast, further confirming the size potential of the mineralized system at Shorty Creek. Drilling has only tested 1.2 km of the 6 km long magnetic feature present at Hill 1710.  The 2016 program also consisted of additional ground magnetics, soil sampling and staking, which resulted in the identification of two additional target areas within the 100 square kilometer project area.

In 2017, Freegold drilled five additional holes at Hill 1835. These holes continue to be significant step outs (average 100 metres) with the results continuing to demonstrate the size and grade potential of Hill 1835.  Both holes 17-01 (360 metres grading 0.42% Cu equivalent*) and 17-02 (339 metres grading 0.46% Cu equivalent*) intersected broad zones of copper mineralization consistent with the results of the 2016 drilling in addition to significant by-product credits of gold, silver, cobalt and tungsten. See attached map for hole locations.

Holes 17-03 and 17-04 were both angle holes drilled on the eastern edge of the magnetic high. Hole 17-03 averaged 0.47% copper equivalent* over 105.2 metres and was lost at depth of 362 metres. This hole is expected to be completed during the 2018 program. Hole 17-04 encountered substantial faulting throughout the entire hole with both gold and copper values increasing at depth.

Hole 17-05A was collared 125 metres north of Hole 15-03 and was aimed at testing both the northern portion of the magnetic high and the potential for gold mineralization in the area surrounding the magnetic high. Hole 17-05A returned 165 metres grading 0.60% Cu equivalent - (0.29% Cu, 0.18 g/t Au, 6.81 g/t Au and 135 ppm Co). Hole 17-07 was collared 90 metres northeast of Hole 17-05 and was completed to a depth of 41 metres before winter conditions set in rendering it impossible to complete the hole. Gold and silver values of 0.07 g/t Au and 1.7 g/t Ag respectively, were returned over the top 34 metres, and all within oxide.  Hole 17-07 is expected to be completed during the 2018 field program.

Drilling at Hill 1835 is still very early stage with the spacing between holes averaging 120 metres and a large untested area remaining. Considerable infill drilling will be necessary in order to define a resource, however, each hole drilled to date has intersected broad zones of mineralization, despite the wide spacing, and results continue to confirm both the grade and overall tonnage potential of this sizeable target area. 

In addition to the Hill 1835 drilling, one hole was completed in the Steel Creek area during 2017. Steel Creek lies 1.5 km to the northeast of Hill 1835, and is defined by a large magnetic anomaly measuring 2.0 km by 2.5 km.  Hole 17-06 was drilled in the centre of the magnetic feature, and returned anomalous values. Of particular significance is the anomalous metal suite encountered within the hole, which includes copper, gold silver, cobalt and tungsten, consistent with that seen at Hill 1835. Additional drilling will be necessary to further test this promising target area.

Significant Intervals from the 2017 Drill Program













Hole
Number

Depth

From
(m)

To
(m)

Int
(m)


*Cu Eq
%

Cu

 %

Au

g/t

Ag

g/t

Co

ppm

W03

%*

(m)


SC 17-01

443

3

83

80

Oxide

----

----

0.05

5.35

----

0.02



83

443

360


0.42

0.24

0.07

4.04

100

0.03



200

287

87


0.50

0.3

0.09

5

130

0.06

SC 17-02

485

4.5

77

72.5

Oxide

----

----

0.07

5.14

----

0.04



77

485

408


0.42

0.27

0.05

4.97

85

0.05


Incl 

95

434

339


0.46

0.3

0.05

5.72

85

0.06

SC 17-03

362.2

20

116

96

Oxide

----

----

0.06

NSV

----




116

362.2

246.2


0.36

0.2

0.08

3.82

77

0.02


Incl

257

362.2

105.2


0.47

0.27

0.05

6.75

114

0.02

SC 17-04

500.5

4

308.5

304.5


 NSV

NSV 

0.04

 NSV

NSV 

NSV



308.5

500.5

192


0.25

0.11

0.13

1.48

56

NSV


Incl 

425.5

500.5

75


0.33

0.15

0.12

2.64

79

NSV

SC17-05A

495.3

0

209

209

Oxide

----

----

0.08

4.83

----

NSV



209

495.3

286.3


0.44

0.21

0.15

4.52

99

0.011


Incl

209

374

165


0.60

0.29

0.18

6.81

135

0.017

SC 1707

41

7

41

7

Oxide

---

----

0.07

1.7

----

----



















Freegold has not as yet collected sufficient data to determine how the downhole drill intervals might relate to the actual true thickness of mineralization. *Copper equivalent grades are based on metal prices of: copper US$3.20/lb, gold US$1330 per oz and silver US$17 per oz and cobalt US$34/lb. Metal recoveries have not been applied in the copper equivalent calculation. The copper equivalent calculation is as follows; CuEq=Cu grade+(Au grade x Au price + Ag grade x Ag price)/(22.0462 x 31.1035 x Cu price)+ (Co grade x 22.0462 x Co price/Cu price/22.0462). NSV – no significant values. *Tungsten - Tungsten is not included in the copper equivalent.

Similar to other large-scale porphyry projects, Shorty Creek hosts an abundance of highly prospective target areas in addition to the Hill 1835 target area.  Five main target areas have been identified at Shorty Creek - Hills' 1835, 1710, 1890, Steel Creek and the Quarry.

Considerable geochemical differences are present between the various target areas. The mineralization at Hill 1835 is comprised of copper, gold, silver, cobalt and tungsten, whilst the mineralization at Hill 1710 is primarily copper and molybdenum. Results from the one hole at Steel Creek indicate that the mineral suite appears to be similar to Hill 1835.  Limited work has been undertaken on Hill 1890 and Quarry targets to date. Rock and soil sampling on the Quarry target returned 0.05% copper in oxidized quartz feldspar porphyry with stockwork veining. The presence of oxidized quartz feldspar porphyry with stockwork veining has not been noted on surface anywhere else on the project to date. 

Drill cores were logged, photographed and placed in sealed bags for geochemical analysis. Core samples were picked up at the logging facility by ALS Chemex and transported to their facility in Fairbanks, Alaska. ALS Chemex analyzed core samples via fire assay analysis for gold plus multi element ICP-AES and ICP-MS analysis using 4 acid-digestion. A series of check assays were also performed by SGS.  Quality control entailed insertion of blanks and standards into the sample stream, at the rate of approximately one QA/QC sample every tenth assay. Reported standard and blank assay values were within an acceptable margin of error.

The Qualified Person for this release is Alvin Jackson, P.Geo – Vice President Exploration and Development for the Company who has reviewed and approved the scientific and technical information contained in this press release.

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. Actual results could differ materially from those projected as a result of the following factors, among others: changes in the price of mineral market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and uncertainty of access to additional capital. See Freegold's Annual Information Form for the year ended December 31st, 2016 filed under Freegold's profile at www.sedar.com for a detailed discussion of the risk factors associated with Freegold's operations.

SOURCE Freegold Ventures Limited

Kristina Walcott-President and CEO, Telephone: 1.604.662.7307, [email protected]

Related Links

www.freegoldventures.com

Modal title

Organization Profile

Freegold Ventures Limited

Freegold Ventures Limited

    Also from this source

  • Freegold Ventures Limited - Results of the Annual General and Special Meeting

  • Freegold Achieves over 90% Gold Recovery Using BIOX® and greater than 92% Gold Recovery using POX - Additional Metallurgical Work Remains Ongoing

  • Freegold Provides Update on 2025 Drill Program

Contact Cision

  • 866-245-2317
    from 8 AM - 10 PM ET
  • Become a Client
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • General Enquiries
  • Media

Products

  • Cision Communications Cloud®
  • Media Monitoring
  • Content Distribution
  • Multimedia Distribution
  • Measurement & Analytics
  • Investor Relations

About

  • About Cision Canada
  • About Cision
  • Media Partners
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Online Member Centre
  • Next Gen Communications Cloud
  • Cision Communications Cloud®
  • my CNW

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Centre
  • Next Gen Communications Cloud
  • Cision Communications Cloud
  • my CNW
877-269-7890
from 8 AM - 10 PM ET
  • Terms of Use
  • Information Security Policy
  • Site Map
  • Cookie Settings
  • Accessibility Statement
Copyright © 2025 CNW Group Ltd. All Rights Reserved. A Cision company.