Freegold Commences Geophysical Survey at Shorty Creek Copper-Gold Project, Alaska

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[{"type":"text","content":"\n\nVANCOUVER, Aug. 11, 2014 /CNW/ - Freegold Ventures Limited (TSX: FVL, Frankfurt: FR4N) (\"Freegold\") is pleased to announce that a ground based geophysical survey has commenced on its Shorty Creek Project, a copper gold porphyry target located 100 km northwest of Fairbanks, Alaska and approximately 4 kms to the south of International Tower Hill's Livengood Project. \n\nPrevious exploration on the project identified significant gold, copper and pathfinder elements associated with gold-copper porphyry mineralization. Shorty Creek mineralization has similarities to gold-enriched porphyry copper deposits of Tertiary age that are found throughout Interior Alaska and the western Yukon.  In addition to the geochemical signature, extensive alteration and hornfels metamorphism spatially associated with small bodies of biotite granodiorite, quartz porphyry and aplite are mapped throughout the property and are suggestive of this deposit type.  An area of extensive alteration associated with quartz porphyry and granodiorite porphyry intrusives have been previously identified over a 4km x 4 km area. The best exposure of the altered intrusive rocks is reported to be in the middle reaches of Shorty Creek at an elevation of 1000 feet (835 feet below hill 1835 and 335 feet below the bottom of the deepest drill hole on the property). One stream sediment sample from this location exceeds 550 ppb Au and a second exceeds 100 ppb Au.\n\nThe last drill campaign completed on the project was during the 1989-1990 field season.  Results from that program indicated increasing copper values with depth. Maximum depth of drilling was 500 feet.  The only other fieldwork completed on the project has been small soil and rock sampling programs.   \n\nSome of the more significant drill intercepts are as follows: \n\n\n\n\nHole #\n\n\nFrom (ft)\n\n\nTo (ft)\n\n\nInterval (ft)\n\n\nAu g/t\n\n\nAg g/t\n\n\nCu (ppm)\n\n\n\nRH89-02\n\n\n0\n\n\n90\n\n\n90\n\n\n0.39\n\n\nNA\n\n\nNA\n\n\n\nRH89-08\n\n\n0\n\n\n220\n\n\n220\n\n\n1.22\n\n\nNA\n\n\nNA\n\n\n\nincl.\n\n\n0\n\n\n125\n\n\n125\n\n\n1.78\n\n\nNA\n\n\nNA\n\n\n\nincl.\n\n\n60\n\n\n85\n\n\n25\n\n\n4.59\n\n\nNA\n\n\nNA\n\n\n\nRH90-09\n\n\n0\n\n\n170\n\n\n170\n\n\n0.35\n\n\n3.17\n\n\n44\n\n\n\nRH90-14\n\n\n335\n\n\n500\n\n\n165\n\n\nND\n\n\nNA\n\n\n1243\n\n\n\nRH90-15\n\n\n0\n\n\n...

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