Business
Freegold Defines Significant Geophysical and Geochemical Targets at Shorty Creek
VANCOUVER , Sept. 23, 2014 /CNW/ - Freegold Ventures Limited ( TSX:FVL Frankfurt: FR4N ) ...
About this update from Freegold Ventures Limited
[{"type":"text","content":"\n\nVANCOUVER, Sept. 23, 2014 /CNW/ - Freegold Ventures Limited (TSX:FVL Frankfurt: FR4N) (\"Freegold\") is pleased to announce that it's recently completed geophysical survey on the Shorty Creek Project has defined significant chargeability anomalies which are coincident with strong copper, gold and bismuth geochemistry. \n\nThe Shorty Creek Project is a copper gold porphyry target located 100 km northwest of Fairbanks, Alaska and lies approximately 4 kms to the south of International Tower Hill's Livengood Project. 

Previous exploration on the project identified significant gold, copper and pathfinder elements associated with gold-copper porphyry style mineralization in limited shallow drilling. \n\nSince acquiring the project in July 2014 Freegold's program has consisted of 28.6 line km of induced polarization surveying and the collection of 354 soil geochemical samples for multi element analysis and the staking of additional claims covering 5,200 acres increasing the project area to 20,920 acres. \n\nResults show a strong chargeability anomaly which is over 2km long and 1km wide in the northwestern area of the grid.  Coincident with the geophysical anomaly strongly anomalous copper values (up to 669 ppm) with significant molybdenum (up to 235 ppm) were returned. \n\nIn the southern portion of the grid, where previous drilling by Fairbanks Exploration and Asarco in 1989-1990 was completed, a significant chargeability zone was identified. Previous limited drilling in the area appears to have targeted the higher resistivity with some of the best copper grades appearing to be associated with the increasing chargeability to the southwest. Strongly anomalous gold (up to 480 ppb) and bismuth (up to 276 ppm) are associated with the area of increasing chargeability.  \n\nIn addition to the geophysical and geochemical anomalies identified, extensive alteration and hornfels metamorphism spatially associated with small bodies of biotite granodiorite, quartz porphyry and aplite have previously been previously mapped over a 4km x 4 km area.\n\nThe Company is extremely pleased with the results to date and believes Shorty Creek project represents an excellent drill ready porphyry copper-gold target. \n\nSee Map Links  1409_SC_Mo_GeochemIPN2.pdf   1409_SC_Cu_GeochemIPN2.pdf   1409_SC_Bi_Geoch...