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Historic Gold Mineralization Confirmed in the Span Lake Area, Coldstream Gold Property, Ontario
Historic Gold Mineralization Confirmed in the Span Lake Area, Coldstream Gold Property, Ontario
About this update from Big Ridge Gold Corp
[{"type":"text","content":"\nHistoric Gold Mineralization Confirmed in the Span Lake Area, Coldstream Gold Property, Ontario\n\n\n Nov. 5, 2009 (TheNewswire.ca) -- Vancouver B.C. November 5, 2009: Foundation Resources Inc. (TSXV:FDN) (FDN: TSX-V) and its partner Alto Ventures Ltd. (TSXV:ATV) (ATV: TSX-V) are pleased to announce results of the summer field program confirming historic gold mineralization in the Span Lake area of the Coldstream Property in Ontario.This is the first in a series of news releases presenting the results of the recently completed 2009 summer field program on the Property. This first news release presents the results of the Span Lake area only. Further news releases providing results over the rest of the Coldstream Property are planned in coming weeks.Highlights of the Span Lake area:-2009 channel sampling results up to 31.8 g/t Au over 0.75 m-2009 grab samples returned results up to 67 g/t Au-Mineralization in the Span Lake area represents a potential extension onto the Coldstream Property of the Moss Lake gold deposit (a NI43-101 compliant inferred resource of 51 million tonnes with 1.5 million ounces contained gold)Mineralization in the Span Lake area is hosted in intensely sheared and silicified felsic metavolcanics and porphyries in a zone extending over a 3 km strike length trending northeast from the Moss Lake deposit at the property's southern boundary.The Span Lake area represents 27 claims (442 ha) situated within the 5,394 hectare Coldstream property. The Span Lake area is easily accessed by logging roads and old drill roads a short distance from the Trans Canada highway.Some of the most significant gold assays obtained from Foundation's 2009 channel sampling program include:\nChannel Sample Au g/t Length (m) \nA Zone \nS-A-03 0.68 8.76 \nincludes 1.71 2.85 \nS-A-05 1.29 2.35 \nS-A-06 0.53 10.2 \nincludes 1.1 4.0 \nS-A-07 1.05 3.0 \nS-A-14 2.36 2.0 \nS-A-18 31.8 0.75 \nS-A-20 2.51 3.16 \nS-A-26 1.23 2.0 \n \nB Zone \nS-B-05 1.7 2.22 \n2009 channel sampling at the Span Lake A and B zones has confirmed Au mineralization documented by Inco in the late 1980s. Inco's historic drilling in the area of the Span Lake A and B zones was limited to 5 drill holes at the A zone and 3 drill holes in the B zone. This mineralized zone is open along strike in both directions, and at depth.2009 grab sample results from the Span Lake I Zon...