Freegold Ventures Limited T.FVL

from CEO.com.. Brad Aelicks "AOTH" did summary report on FVL

[Mushbrain888]

"Although Hole #2 was not as strong as Hole #1 the magnitude of the step out at 150m and the continued strength of the zone with 249m of collective mineralization will build ounces fast and continue to improve economics in an already impressive body. Freegold Ventures will continue to expand the new discovery in all directions. Hole 2 seemed like a very risky giant step out, but we have to keep in mind that the technical staff had planned the Holes to test this stratigraphic package before they could have any inclination that Hole 1 would produce the blockbuster grades it did. But now that Hole 2 has also delivered such impactful results its critical to review the overall data from an investment perspective. Below is a list of my interpretations from the data now available. The first major point of importance is that Hole 2 intercepted the main mineralized body at 270m down hole virtually identical to the 290m down hole depth in hole 1. As I had pointed out in my original research report https://aheadoftheherd.com/Newsletter/2020/Freegold-Ventures-Climbs-Golden-Summit.html the biggest risk I felt to the potential, was the unknown strike and or dip of the new discovery. If the zone was striking at an estimated 45degNE as illustrated in the company graphic the remarkable intercept of 257.4m of 2.94g gold may have a minimum of 115m true width still impressive but not a lock. However, Hole 2 has me jumping for joy as it has strongly indicated that the drill holes are piercing the mineralization at very close to true width. The section illustrated above shows the mineralization from previous drilling extending up dip where GSDL 1201 had 113m of 1.33g gold and bottomed in mineralization. The two upper contacts between the holes gives us a dip of the zone of about 45 to 50 deg south. This is also very significant in that the new vein swarm bulk tonnage material is modestly dipping directly towards the Dolphin Stock mineralization. Both new holes were collared only 75m from the northern edge of the Dolphin Stock initial resource. What I must draw attention to now is that within that 6.524 million ounce resource lies a Preliminary Economic Assessment (PEA) released January 2016 when Freegold announced a resource of 2,947,000 ounces of gold - 1,363,000 ozs indicated and 1,584,000 ozs inferred gold within a conceptual pit using a 0.30 gram cut off and an average grade of 0.69 grams gold"