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 > What’s taking so long?

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Comment by StonksInvestoron Oct 22, 2020 8:11am

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Post# 31760778

RE:RE:What’s taking so long?

I just wanted to reiterate that patience is needed. All we're doing now is speculating based on the fact that news haven't been released. At the end of the day.. we don't know. Sometimes overthinking is not a good thing, maybe we just have to accept that a delay is a delay.

GLTA.

I'm requoting one of BlueChipper's excellent post from 2 weeks ago.

BlueChipper2020 wrote: Management stated in their last PR all we need to know. They said there were very long delays at the labs as have other companies.

When the resumed drilling back in June 15, they had 1 rig. They finished off the GDS2002. The pending holes 3,4,5 etc. are deep holes. GDS2002 was released Friday, September 11. They likely got back maybe a hole or two. Every company has a certain number of days to release results. They probably do not want to release results drip drip drip.

Also, there is far too much anticipation built up on what "positive" results would be. If they hit a few holes of 200M at 1gpt, that may not be stellar to some, however they will add another million plus ounces. Yes it would be great if they hit another large interval at 3gpt, which would be another bonanza. The 10,000M program is not that large and is 15-20 holes.

I do not see anyway the next batch of holes is "bad" per se. The worst case is they hit 100-200M of 1gpt again. They have been hitting every hole. However, I do not see that situation and expect they will hit some high grade zones.

Seemed like ES had a slip of the tongue in last week's podcast. After saying he talked to management, he said there is more high grade to come then quickly corrected and said hope their is more high grade to come.

I am long and gonna be patient and let them drill this out, greatly expand the resource and leverage to an increasing gold price. They hit higher grade, that is gravy on the cake. They have $40M and expect lots of drilling over the next 12-18 months. So I am not going to hold my breath on a few upcoming holes and make a decision to exit this great investment.

GLTA