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Freegold Ventures Limited (TSX:FVL, Frankfurt:FR4N) released its first hole of the 2016 drill campaign from its Shorty Creek project. Over 434.5m the hole returned 0.12 g/t Au, 7.46 g/t Ag and 0.36% Cu (SC16-01); however, included within this longer intercept was 45m at 0.38 g/t Au, 9.9 g/t Ag and 0.57% Cu suggesting a higher grade core may exist. It is also worth noting that the hole ended in mineralization. Results were similar to SC15-03 (125m away – Figures 1 and 2) and continue to suggest a large Cu-Au system may exist. The company has completed four holes to-date at Shorty Creek, and assays are pending on the three remaining holes, which could be a catalyst for the company, particularly if results continue to demonstrate the potential for a large Cu-Au deposit.
Red Cloud Klondike Strike Inc. is registered as an Exempt Market Dealer (EMD) in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, and Yukon.
Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.
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