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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 StonksInvestoron Oct 26, 2020 4:35pm
101 Views
Post# 31783158

RE:RE:RE:RE:RE:That was a long read

RE:RE:RE:RE:RE:That was a long readIt's always good to go back and review. For those not knowing what Chipper was refering to, go to the following link. 

"The next hole on section to the North is Hole 5. The news release stated that Hole 5 is collared 100m north of Hole 1 and drilled to a depth of 645m to test the up-dip extension of the discovery. However not only would they have tested the up-dip extension but the hole continued to 645m which is 97m deeper than Hole 1 and 100m north. This is a very exciting development as no geologist would allow a hole to run to this depth without serious encouragement from the mineral system. In addition, there is now a proposed Hole F which sits a further 75m estimated north of Hole 5. All of these Holes 1,5 and F sit in the apex of the Cleary vein bend and the other 4 veins are all projecting into this area."

https://www.aheadoftheherd.com/Newsletter/2020/AOTH-Freegold-Follow-up-Coverage-2020-09-14.htm

By reviewing the projected clearly vein system (CVS), GSDL2012 is on the edge of the CVS. I agree that GSDL2005 could play a huge role. Please excuse my paint skills but I put the new map over the old map and here's what I see. 
  • If GSDL2005 is a good hit (as it's expected to be), then we will likely drill Hole F to see how big the cleary vein system is. No point in drilling more north, if poor results come back.
  • Hole L (GSDL 2008) and GSDL2009 are interesting because they're outside of the CVS. Could they believe that the projected CVS could be bigger? I hope so, but time will tell. 
  • GSDL2011 is an outlier, I'm assuming this could be to test a theory (I won't get my hopes up on this one). I would assume this hole is speculation. 
  • There's a lot more holes to drill in the projected CVS.



Personally, I plan to hold onto my investment till the end of 2022 and I believe I'll be rewarded in the long-term. I hope you guys are rewarded in your short-term or long-term strategies too. 

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