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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

Post by StonksInvestoron Oct 29, 2020 4:09pm
138 Views
Post# 31807490

While this stock hits 0.80+

While this stock hits 0.80+I started reviewing the maps and articles again. I keep getting excited everytime I do. 


Old Map:

https://freegoldventures.com/site/assets/files/2150/drill_plan_map09112020.pdf
  • Hole F: I think this is dependent on GSDL2005.
  • Hole H: I think this is depedent on GSDL2007.
  • Hole L: This is now GSDL2008/2009.
    • I won't get too excited about these due to the depth 442.4m/420.6m  but I still think 400m + is deep. 
Brad Aelicks mentioned that GSDL2005 was interesting because no geologist would recommend drilling that deep (645M) without encouragement from the mineral system. At the very least, we'll get additional low-grade gold. I truly believe it'll be high-grade but who knows?

Now looking at GSDL2007.. this was drilled to a depth of 573m. That's more than GSDL2001. Therefore, there must be encouragement from the mineral system. At the very least, we'll get additional low-grade gold. The more the merrier. If this is is a good hit, I think it's fair to say that we'll attempt to expand the mineral resource estimate (Hole H). 

New Map (This doesn't contain proposed holes, just drill holes). 

https://freegoldventures.com/site/assets/files/2155/fvl_10262020_map.pdf

Brad Aelicks mentioned earlier that GSDL2002 seemed like a very risky giant step out, but the technical staff had to plan for these holes. What I find interesting is that in the old map, there was no planned holes for GSDL2012. It wasn't planned for in the previous map (i might be overthinking) but this is even more risky than GSDL2002, so why go east again unless theres encouragement to do so? Time will tell.

Also I saw that a new company report was put up (will read later today), see the link below:

https://www.freegoldventures.com/site/assets/files/2158/10262020_e_version.pdf

GLTA
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