Freegold Ventures Limited T.FVL

Alternate Symbol(s): FGOVF

Metals & Mining Gold

Freegold Ventures Limited is an exploration stage company. The Company is engaged in the acquisition, exploration and evaluation of mineral properties. The Company is focused on exploration activities in Alaska on its Golden Summit and Shorty Creek Projects. The Golden Summit Project is a road accessible gold exploration project near Fairbanks, Alaska. The Project consists of several long-term leases, including Keystone Claims, Tolovana Claims, Newsboy Claims, Green Claims, Chatham Claims and Alaska Mental Health Trust Property and claims and lands owned by the Company. The property is comprised of 53 patented claims, 107 unpatented federal claims, and 240 State of Alaska claims that cover a total area of 5,971.6 hectares. The Shorty Creek Project is located 120 kilometers northwest of Fairbanks, Alaska and four kilometers to the south of the all-weather paved Elliott Highway within the Livengood-Tolovana Mining District.

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Freegold Ventures Limited > Eric’s weekly Wrap-up here

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Comment by goldhunter11on Sep 26, 2020 12:10pm

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Post# 31625331

RE:RE:Eric’s weekly Wrap-up here

Just wanted to expand Stonksinvestor a bit on FVL (at bout 15:45 in link below).
https://www.youtube.com/watch?v=vTDpKx4_DW4

Some key points:
- ES went back to re-examine hole 2002. It's a 150m step-out from 2001. He liked the results, over 1gpt over wide intercept. (My comment: Not as stella as 2001, but quite economical for OP development).
- FVL has an easy shot at 10Moz target which is worth between $ 0.5-1.0 B (Comment: ES used Cdn $50-100/oz in situ, but if the insitu value is in US$, then there is a factor of 1.3 conversion to be considered) while the current Mkt Cap is about $0.3B. So there is lots of rooms there (3x or 4x potential for 10Moz).
- ES wouldn't be shocked if the RE goes beyond 10Moz (they currently has 6.5Moz assuming 1300/oz gold, cut off grade of 0.30gpt (instead of 0.2gpt as done by Fort Know). My comments: Taking into account of those 2 would bring up 6.5Moz without any new drilling. In addition, to the results outside the 2103 RE boundary (Slide 20 of Corp Presentation) and old data take was not used in the 2013 RE would add another 4Moz (my napkin math, ceo.ca/fvl) assuming 1gpt (note hole 2001 hs 2.94gpt/257m).
- Greg Hemke chimed in with the location of FVL (near Fairbanks). ES said you can drive (30 min from FB) to the ore body and there is a major mine (Kinross/Fort Knox) nearby (just a few km away to the south).
GH11
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StonksInvestor wrote: Thanks for this.

"There are no markets anymore, just interventions" - People interfering with the market

- Questioning how is the dollar going up? He's very suspcious of what's happening in the market especially with the COVID situation that we're in. Mentions how Powell's policy on 0 interest rates being silly.

- Talked about JP Morgan manipulation

- Hasn't sold any gold.

- Great earnings reports, dividend announcements. "Good things coming in the precious metal sector"

- FVL: Easy shot at 10 million oz. He wouldn't be shocked if they get more. MArket cap 300M right now, could see it at 1 billion. He's super confident.