Friday 28th October 2016

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Foundation reports Ontario Gold Assays up to 1.26 g/t over 44.5m

Foundation Resources Inc FDN:CA in joint venture with Alto Ventures Ltd ATV:CA announced results from the East Coldstream Deposit on the Coldstream Property in Ontario. Assays include 0.8 g/t gold over 10.55 metres (including 1.82 g/t over 4.3 metres), 1.34 g/t over 30.1 metres (including 10.01 over 2.95 metres), 1.26 g/t over 44.5 metres (including 7.14 g/t over 2.95 metres) and 1.15 g/t over 27.5 metres.

Foundation is the operator of the program with an option to earn 70% of the Coldstream Property. The East Coldstream Deposit has an historical, non-NI 43-101 compliant, mineral resource of 234,000 ounces gold. The Coldstream Property is located in the Western Superior geological province of the Canadian Shield.

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Rain Communications
Nelson Da Silva
or Ralph Biggar

by Ted Niles

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