Foundation Resources is pleased to announce encouraging results from a recently completed helicopter-borne electromagnetic survey on its massive sulphide Mitchell Property located in the Red Lake Mining District in Northwestern Ontario. The Property is located 10 km southwest of the former South Bay Mine (1.6 Mt mined at 2.5% copper, 14% zinc and [...]
Foundation Resources is pleased to announce that it has received TSX approval and completed the acquisition of Alto Ventures Ltd. 40% interest in the Coldstream Gold Project, as originally disclosed in the Company's news release on November 8, 2011. This consolidation gives Foundation 100% interest in the property. The Coldstream Project is host to [...]
Foundation is pleased to announce the results of its recently completed geophysical spectral induced polarization (IP) survey and prospecting/sampling program carried out in the 2011 summer field season on the Burchell West Grid of the Coldstream Property. One of five known areas of significant gold mineralization on the Property, the BWG is [...]
Foundation Resources is pleased to announce the following update on its 4,000-metre winter diamond drilling program on its flagship Coldstream Gold Property in northwestern Ontario. Under the current program, the two main areas, the Goldie Zone and Span Lake prospect, have been targeted for exploration drilling (Figure 1). A total of 10 holes have [...]
Foundation Resources is pleased to announce that it has received positive gold metallurgical results from the Initial Scoping Metallurgical Study on its Osmani Gold Deposit of the Coldstream Property in northwestern Ontario. The Osmani Gold Deposit, which is currently one of the five known significant gold mineralization areas within the Coldstream [...]
Foundation Resources is pleased to announce the commencement of a 4,000 metre diamond drilling program on its flagship Coldstream Gold Property in northwestern Ontario. The three primary objectives of this drill program are: (1) Test the Goldie Zone at depth where exploration trenching and channel sampling in 2009 completed by Foundation returned [...]
Foundation and Alto Ventures are pleased to announce the results of all drill holes from the Iris Lake area, located approximately 1.5 km north of the East Coldstream Deposit on their Coldstream Property northwestern Ontario. Upon recently completing the 6,133 metre drill program this summer on the Property, 2,236 metres were drilled in the Iris [...]
Foundation Resources announces that further to the Company's news release dated October 7, 2011, the Company has increased the non-brokered private placement of units at $0.10 per unit from 5,000,000 Units to 10,000,000 Units for aggregate proceeds of $1,000,000. As previously disclosed, each Unit is comprised of one common share and one half of [...]
A correction from source is issued with respect to the release dated October 11th, 2011 at 6:30AM ET. Under the results descriptions a new line about hole C11-83 has been added, along with a quotation from Foundations President Ike Osmani. The complete and corrected version follows.
Foundation Resources and Alto Ventures are pleased to announce the results of the last ten (10) holes drilled this summer on the East Coldstream Gold Deposit. Of the total fifteen (15) holes, totaling 3897 metres, drilled on the deposit, the results of five holes have already been reported. The fifteen completed holes on the Deposit are part of a [...]
Foundation Resources is pleased to provide an exploration update on its two Ontario projects, Coldstream and Mitchell. Foundation's President Ike Osmani states that 'Despite the present commodity price downtrend and uncertainty in current global market conditions, I would like to reassure our shareholders and the investment community that the [...]