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Foundation Intersects 27.3 metres of 4.88g/tonne gold at Coldstream
Foundation Intersects 27.3 metres of 4.88g/tonne gold at Coldstream
About this update from Big Ridge Gold Corp
[{"type":"text","content":"\nFoundation Intersects 27.3 metres of 4.88g/tonne gold at Coldstream\n\n\n Mar. 29, 2010 (TheNewswire.ca) -- Vancouver B.C. March 29, 2010: Foundation Resources Inc. (TSXV:FDN) (FDN: TSX-V) is pleased to announce the results from the first two holes of the recently completed 2010 winter drilling program on the East Coldstream Deposit (the \"Deposit\") located on its Coldstream Property in Ontario. Foundation has an option to earn up to a 70% interest in the Coldstream property from Alto Ventures Ltd. (TSXV:ATV) Key points Summary:-13.55 g/t gold over 3.0m intersected within a 27.28 m wide zone averaging 4.88 g/t gold-Multiple higher-grade sections: 11.80 g/t gold over 1.20m, within a 47.25 m wide zone averaging 1.30 g/t gold-Results still pending from remaining seven completed drill holesThe first two holes (C-10-14 and C-10-15) are located 50 m apart from each other and were drilled at the Main Zone of the Deposit. Both drill holes intersected wide zones of gold mineralization, which include multiple higher grade intersections. Gold in both drill holes is associated with 1 to 8 percent disseminated to blebby pyrite, and occurs within strongly sheared and hydrothermally altered (silica, albite, sericite, magnetite and hematite) zone of mafic to intermediate metavolcanics and quartz-feldspar porphyry intrusive rocks. Significant results are as follows:Table of Significant Gold Assays\nDrill Hole From(metres) To(metres) Width(metres) Gold(grams /tonne) \nC-10-14 190.45 237.70 47.25 1.30 \nIncluding: 192.30 198.20 5.90 3.01 \n 216.95 218.95 2.00 6.15 \n 227.30 229.75 2.45 9.62 \n 228.55 229.75 1.20 11.80 \n \nC-10-15 169.45 196.73 27.28 4.88 \nIncluding: 193.73 196.73 3.0 13.55 \n \n \nDrill hole C-10-14 was drilled at 157°/-50º to a depth of 358.75 metres and C-10-15, located approximately 50 metres south-southwest of C-10-14, was drilled at 160º/-54º to a depth of 297.79 m. All intervals are represented as down hole core lengths, with the true widths estimated to be about 75% of core length. Assay results for the remaining seven holes completed in the 2010 program will be released as they become available.The 9-hole diamond-drilling program, totaling 2,090 metres, was intended to in-fill gaps between the widely spaced historic drill holes to confirm and expand non-NI 43-101 compliant historical resources of 5...