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Freegold Ventures Limited T.FVL

Alternate Symbol(s):  FGOVF

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.


TSX:FVL - Post by User

Comment by goldhunter11on Oct 19, 2020 5:26pm
276 Views
Post# 31743120

RE:RE:RE:Drill Holes abandoned...?

RE:RE:RE:Drill Holes abandoned...?Just wanted to fill in a bit more detail in the excellent summary provided by looto6492.

- Hole 2001:  Results available in May 2020 (2.94gpt/257.4m). Reviewed by Ahead of the Herd (AOTH) Brad Aelicks  on 6 June 2020. The results are a "world-class", according to Aelicks..
- Hole 2002: Drilling terminated by Covid rules at 165m downhole (results: 2.4gpt/9m beginning at 156m reported).
- Resumption of drilling hole 2002: Results not as stellar as 2001 (a long, 150m, step-out to the east) but excellent for Aelicks to "jump for joy" (another AOTH review, 14 September 2020). Hole 2002 results confirms the continuation of the mineralization zone at around 260m downhole.

- Hole 2003 - 587 metres depth (50 metres east of 2001).  Additional comments: Expect better results than 2002, since it's only 50m away from 2001.

- Holes 2004 - 420 metres depth (50 metres west of 2001), however it was lost. ( stuck pipe recover 420m good core results). Comments: This hole is not "lost" (already mentioned this to Kristina) a better word would be "terminated" at 420m, and awaiting assay results from the Lab (420 m is a long core, and should intersect the top part of the mineralized zone, grade? should be close to 2001, again only 50m away (west of 2001).

Hole 2005 - 645 metres depth (100 metres north of 2001), it was terminated. ( zone pinched out still 645m good results ). Comments: This appears to be a deepest hole among the current set of holes. Presumably, FVL geos decided to terminate it to save the budget for some other holes.But, watch this hole carefully since 2005 is on the NE corridor (i.e. along the edge of the hockey stick handle, defined by holes 2005, 2004 and 2006&7); note also that this corridor is situated just east of the Tolovana Vein).

Holes 2006 - 76 metres depth (140 metres southwest of 2001), however it was lost. Comments: Again this should be called "terminated" rather than "lost" ( dropped tools down hole, human error). Note: Drilling in schist is tricky, but I did  not know that they dropped some tools downhole (can't fish them out?). Back to hole 2001, apparently the rods had some complications (rod stuck) so the geos decided to call 548m End of Hole (for 2001).

Hole 2007: Apprently hole 2007 is a replacement for 2006.  Drilling in progress (140 metres southwest of 2001, at the same location as 2006). They should have finished the drilling, and awaiting assay results.

So that leaves us with another 7 holes or so, from F to L to cover the Proposed Cleary Vein System (I call it the goalie hockey tick, but Aelicks refers to it as a boomerang). Note that hole "I" is located in the norther part of the Dolphin intrusion...and F is a large step-out (some 200m north of 2001, and 100m outside the NE corridor. If hole F hits high grades big time then FVL would go balistic.
GH11
-------------------------


lotto6492 wrote: 2002 - This wasn't abandoned. We received results in September.
2003 - 587 metres depth (50 metres east of 2001).
2004 - 420 metres depth (50 metres west of 2001), however it was lost. ( stuck pipe recover 420m good core results )
2005 - 645 metres depth (100 metres north of 2001), it was terminated. ( zone pinched out still 645m good results )
2006 - 76 metres depth (140 metres southwest of 2001), however it was lost. ( dropped tools down hole, human error)
2007 - Drilling in progress (140 metres southwest of 2001). 

Its all good sit  back  and enjoy the ride


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