Foundation Resources Inc TSXV:FDN in joint venture with Alto Ventures Ltd TSXV:ATV announced assays from the Iris Lake Area, north of the East Coldstream Deposit on the Coldstream Property in northwestern Ontario. Results include 5.29 g/t gold over 1.6 metres (including 13.55 g/t over 0.6 metres), 3.68 g/t over 26 metres (including 61.7 g/t over 1.2 metres), 1.76 g/t over 8.9 metres and 1.24 g/t over 13 metres.
Foundation is the operator of the joint venture and owns a 60% interest in the Property. Alto has the remaining 40% interest. The East Coldstream Deposit has an historical, non-NI 43-101 compliant resource of 234,000 ounces gold.
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Foundation Resources Inc
or Ike Osmani
by Ted Niles