Freegold Ventures Limited T.FVL

Results are out!

[StonksInvestor]

https://www.newswire.ca/news-releases/freegold-intersects-1-17-g-t-au-over-495-8-metres-including-111-2-metres-grading-2-94-g-t-au-in-gs2122-and-609-g-t-au-over-1-1-metres-in-gs2121-at-golden-summit-810532987.html

[StonksInvestor]

GS2122 is a nice hole. I'm excited to see the results for the holes around the Tolvana vein.  Hopefully the results keep coming! 

[Lester55]

This is a great result!  Even GS2103 which is a hug step out showed low grade over long depth. I'm really interested to see the rest of the Cleary results. 2126, 2123.  Two of the step outs 2138 and 2134. TBC

[Wtfover]

Another set of great results! This is fantastic property for gold,it's found in every drill hole.  I would like to know what hole 2021 would be without being cut to .88 gpt . As far as the reading I have done hole 2001 never had  it's high grade cut to .88 gpt. I can't imagine how good this hole would be,with out the cut. More and more ounces being added in hurry with these

[Hipshot]

Yes great report, are we over 10m oz yet? if we are: 10,000,000 x125.00=1,200,000,000/400,000,000=$3.00 Rough #s but close. imho

[BlueChipper2020]

Actually not close. No one is going to pay 125 an ounce at this point. You need one or both of the following: 1. Gold price significantly higher than 1750USD. 2. A lot more drill results that begin to show higher grade pockets. The grade and depths at this moment at 1750 gold are the issue. At this point today the market is paying us a much lower dollar per ounce and we also need an updated 43-101

[Chester55]

  this post is right on the money.  Top factors. price of Gold depth of gold and grade total ounces in ground with updated 43-101 price action of Gold is going to be the short term driver for SP and these results indicate some great definition.   Cheers

[Minray]

You're bang on BC and Chester. Too many game being played on the spot price of gold. Companies are starting to buy gold, Palantir for example, suggests that gold should be going up. Fingers crossed that gold is over sold now and the price begins rising. God only knows what will be said at the Jackson Hole meeting and residual impacts on gold price. Good luck to all.

[Hipshot]

Thanks: Looking forward to the 43-101, and the increase in gold price. I will check the comps of gold prices in the ground in the golden summit area and adjust my thinking on current value of fvl stock. your posts are straight forward, and to the point.  appreciated. ,

[wealth2015]

last few days it feels like tax loss selling time which is usally in Nov. & Dec., results don't matter much when investors are running for exit taking loss, market sentiment for juniors is bad, don't  know why since gold corrected about 10%, I follow some stocks which have lower market cap today than few years ago when gold was at 1200

[Chester55]

Very true

[goldhunter11]

WTFover, I presume you meant hole 2121. If so, the uncut value are shown in the Table.4.98gpt/166.8m (830gpt-m, compared to 669 gpt-m for that high grade 609gpt/1.1m). GH11 ----------------------