Freegold Ventures Limited T.FVL

RE:RE:RE:News

[GoneBroke]

Here it is from Ggoldhunter Mack and Stockmoves1 > this gives me a lot more confidence with our Huge resource !

@Ggoldhunter_ceo.ca 12 June 2024 NR Some comments:(i) Emphasis is on gold recovery, with the most significant recovery using gravity + float (94-99%). They could save the space by not including the table for the 8 holes. Instead, they should discuss a bit more using the Figure (picture = thousand words). All the (red) holes (except 2167) are between Bedrock Creek and Willow Creek. This means they re concentrating on the Dolphin results and not much on Cleary (the cluster around hole 2017 with value 1000gpt-m (588gpt/1.5m) are outside the area between the 2 creeks; (ii) update on RE base on the 2023 results are expected by end of June; (iii) they had the habit of applying the top-cut for high grade results (e.g. imposed some arbitrary value like 30gpt for anything higher than this) which ES (and I) dislike. They should include both results, with and without top-cut; (iv) RE based 2024 results (west of Willow Creek) will not be available for end of June (Perhaps our friend @miningrocks could help with some napkin math);(v) VG is nice to look at.. they should include some, or refer to the May Corp Presentation;(vi) Typo: this is minor, but on page 2, during the discussion of the Oxide layer... 70%meters does not make any sense, proving that nobody was proof-reading the NR. They could add some projection of the value of this layer...almost 1Moz which could be readily retrieved during the fist year or so. Assuming PoG of 2300 (not US$1792/oz as assumed in the NR) and the profit of 2300-1300 = US$1000/oz, the revenue from this top 70m would be huge ($1B? in USD) which would be more than enough to pay for the total CapX for the project. @Ggoldhunter_ceo.ca 12 June 2024 NR Some comments:(i) Emphasis is on gold recovery, with the most significant recovery using gravity + float (94-99%). They could save the space by not including the table for the 8 holes. Instead, they should discuss a bit more using the Figure (picture = thousand words). All the (red) holes (except 2167) are between Bedrock Creek and Willow Creek. This means they re concentrating on the Dolphin results and not much on Cleary (the cluster around hole 2017 with value 1000gpt-m (588gpt/1.5m) are outside the area between the 2 creeks; (ii) update on RE base on the 2023 results are expected by end of June; (iii) they had the habit of applying the top-cut for high grade results (e.g. imposed some arbitrary value like 30gpt for anything higher than this) which ES (and I) dislike. They should include both results, with and without top-cut; (iv) RE based 2024 results (west of Willow Creek) will not be available for end of June (Perhaps our friend @miningrocks could help with some napkin math);(v) VG is nice to look at.. they should include some, or refer to the May Corp Presentation;(vi) Typo: this is minor, but on page 2, during the discussion of the Oxide layer... 70%meters does not make any sense, proving that nobody was proof-reading the NR. They could add some projection of the value of this layer...almost 1Moz which could be readily retrieved during the fist year or so. Assuming PoG of 2300 (not US$1792/oz as assumed in the NR) and the profit of 2300-1300 = US$1000/oz, the revenue from this top 70m would be huge ($1B? in USD) which would be more than enough to pay for the total CapX for the project.