Fort Knox reports anomalous values

Borehole SG-10 is in progress at the Fawcett Twp. base metal property of Fort Knox Gold Resources (TSE) in the Shining Tree area of northeastern Ontario and is targeted on a strong electromagnetic response below borehole SG-8, the junior reports.

SG-8 is a 100-metre stepout hole north of previous drill intersections; SG-8 reached a depth of 1,423 ft. The company said anomalous copper-nickel mineralization was encountered from 1,118 ft. to 1,312 ft., with the best intersection grading 0.23% copper and 0.44% nickel over 10.2 ft. Fort Knox said it recently raised $272,000 through the exercise of warrants and has about $300,000 in total on hand for exploration work at the property.