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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 BlueChipper2020on Nov 10, 2020 11:23am
136 Views
Post# 31870225

Non expert take

Non expert take A few points I noted: 

If I exclude the shallow intervals in the 3 holes (which is great they have gold here BTW): 

2003-  From 306M to 580.5 yields 274.5M at 1.79gpt 

2004- This hole was terminated. As indicated 168M at .78gpt 

2005 - From 273M to 591M yields 318 metres x 1.83gpt 

Two of the above holes (2003 and 2005) along with the prior 2001, all hit mega high grades 2-3M x greater than 100gpt. 

Mining companies would die for the above results which are in an open pit situation. I think this stock will push higher once the big boys digest this, along with Sprott on Friday and maybe Brad Aelicks. 

One thing for sure is, we are talking about adding a lot ouces in these hole along with holes 2001 and 2002 peviously. 

The global resource they had officially is 6.5M ouces (outdated and obsolete now). The number today is much higher with added holes and the 1900 gold price. However that is for another day. This company will hit 10M ouces of resources (not reserves- there is a big difference) is short order and beyond just like Sprott said. 

GLTA 
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