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Freegold Expands Land Position At Shorty Creek
VANCOUVER , Oct. 14, 2014 /CNW/ - Freegold Ventures Limited ( TSX:FVL Frankfurt: FR4N ) (...
About this update from Freegold Ventures Limited
[{"type":"text","content":"\n\nVANCOUVER, Oct. 14, 2014 /CNW/ - Freegold Ventures Limited (TSX:FVL Frankfurt: FR4N) (\"Freegold\") is pleased to announce that it has staked an additional 48 claims on its Shorty Creek Property, enlarging the property position to 26,087 acres. Exploration completed over the Shorty Creek project has defined significant chargeability anomalies which are coincident with strong copper, molybdenum, gold and bismuth geochemistry. Additional staking was done to cover extensions to the known anomalous areas.  The Company is extremely pleased with the results to date and believes Shorty Creek project represents excellent drill ready porphyry copper-gold and copper molybdenum targets. \n\nThe Shorty Creek Project is 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. Previous drilling intercepted significant gold mineralization of up to 220 feet grading 1.22 g/t gold with most of the drilling intercepting increasing copper grades at depth (up to 0.45% Cu).\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. \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 150 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 which correlates very well with the area of limited previous drilling (maximum hole depth was 500 feet). Strongly anomalous gold (up to 480 ppb) and bismuth (up to 276 ppm) are associated with the geophysical anomaly.   \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 been previ...