Freegold Ventures Ltd 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 Ltd > 15 million ounces of gold

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Comment by goldhunter11on Jul 31, 2021 4:51pm

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Post# 33637415

RE:RE:RE:15 million ounces of gold

Blue,
Thanks for your remark. That's totally true, but I could not help myself, lol. At least, it puts the facts on the table for others.
GH11
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BlueChipper2020 wrote:

goldhunter11 wrote:

SHEEPBAAA1 wrote: so what if there is 15 million ounces of gold at Golden Summit. How economical is it to get it out of the ground. will it take 100 million dollars to get it out. Dilution of the stock price to obtain these monies. this stock is going nowhere for years. and the fact now they are focusing drilling at Shorty Creek confirms this.

The Sheep

Sheep,
Two comments:

(a) 15Moz is a huge RE. They already have 6.5Moz at around 0.8gpt for Golden Summit Intrusion global, and cruising to 10MozAu grade geater than 1gpt (ave). Hole 2017 has 588gpt/1.7m, plus some others with triple digit gpt. Their ave grade is about 3-4 time that of Kinross/Fort Knox, a few kms south. And Fort Knox is making money and they are running short or ore for the Fort Knox mill.

So, Kinross is watching FVL deposit very carefully (and salivating). It would not be a surprise to see an attempt to take over FVL...but they must convince Eric Sprott to let go his holding (he has some 20%of FVL, but he would sell if the price is right). If Kinross wait for too long, it would face quite a few competitors for this kind of deposit. Anything over 10Moz is not easy to find;

(b) Shorty Creek drilling resumption does not confirm that FVL is going nowhere with Golden Summit. It only part of the deal with the Australian company for their 70% option of Shorty Creek (mainly Cu). The drill program at Shorty would involve only 2500m (15 July 2021)... while 40,000m is slated for Golden Summit for 2021 (take a look at their website under Golden Summit Tab). Hence the emphasis is clearly the Au at Goldden Summit.
GH11

Goldhunter,

You need not write that type of detailed response to such an idiotic post by Sheep. It only has minimal effect on unknowledgable small retail fish and not the folks who will ultimately move this stock price and market cap WHEN THE TIME ARRIVES and it will.

I blocked that clown previously.

GLTA
BC