Foundation Resources Inc TSXV:FDN in joint venture with Alto Ventures Ltd TSXV:ATV announced assays from the East Coldstream Deposit of the Coldstream Property in northwestern Ontario. Results include 0.5 g/t gold over 56 metres (including 1.14 g/t over 10 metres), 0.53 g/t over 44 metres (including 4.7 g/t over 2 metres), 0.93 g/t over 42.6 metres (including 1.29 g/t over 13.1 metres) and 3.45 g/t over 13 metres (including 10 g/t over 4 metres). Foundation is the project operator and owns a 60% interest in the Coldstream Property. Alto owns 40%.
Foundation President/Director Ike Osmani commented, “The management and board of both companies are very pleased to report continued drilling successes at the East Coldstream Deposit. These drill hole results have demonstrated greater strike lengths from the Main and East Zones of the East Coldstream Deposit which should add significant gold resources to the historic resource calculated by Noranda in 1990.”
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Foundation Resources Inc
or Ike Osmani
by Ted Niles