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 > Question to all about GSDL2005

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Comment by goldhunter11on Nov 10, 2020 1:00pm

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Post# 31870946

RE:RE:Question to all about GSDL2005

It would be a conservative to assume that mineralization stopped hole for hole 2005.

But, hole 2005 has 3.78gpt/119m (from 472m-591m) including 131.5gpt/3m at the end (from 588m-591m), which is an excellent intercept (3.84 gpt x 119m = 456gpt-m. This is not as good as hole 2001 (with 2.94gpt x 257m = 755gpt-m), but much better than hole 2002 (with 1.02gpt x 136m = 138gpt-m. Note that the average grade for the pit constrained is around 0.69gpt (which is in the same range with Fort Knox).

In other words, hole 2005 results confirm high-grade mineralization starting at around 300m (FVL NR) to above 550m depth. Grades over 40gpt-m would be considered economical for OP operation. Holes 2002, 2005 and 2001 are 3.5x, 11.4x, and 18.8x that of 40gpt-m standard respectively.

I would suggest that FVL move north (put the 3rd drill there) by another 100m from 2005, and drill hole F (FVL old nomenclature). Hole F is along the SW-NE trend line heading toward Cleary old workings.

GH11
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