Freegold Ventures Limited T.FVL

Alternate Symbol(s): FGOVF

Metals & Mining Gold

Freegold Ventures Limited is a Canada-based company focused on exploration in Alaska. The Company holds Golden Summit Gold Project near Fairbanks and Shorty Creek Copper-Gold Project near Livengood through leases. The Golden Summit Project is a road-accessible gold exploration project near Fairbanks, Alaska. The project comprises approximately 53 patented claims, 107 unpatented federal claims, and 244 State of Alaska claims that cover a total area of 6,110.4 hectares. The property includes Keystone Claims, Newsboy Claims, Tolovana Claims, Green Claims, Chatham Claims, Alaska Mental Health Trust Property, Alaska Mining and Development Property, Discovery Claims, and Cheechako Claims. The property includes three main rock units: Fairbanks Schist, Chatanika Terrane and intrusive rocks. The Shorty Creek Project is 120 kilometers northwest of Fairbanks, Alaska and four kilometers south of the all-weather paved Elliott Highway within the Livengood-Tolovana Mining District.

TSX:FVL - Post by User

Freegold Ventures Limited

Bullboard Posts

Comment by goldhunter11on Sep 15, 2020 5:36pm

254 Views

Post# 31564275

RE:AGM Summary

BlueChipper,
Many thanks for the report wrt all resolutions passed. The SP is closed at 1.14 which is above the price ES et al paid for the units ($1.10/u). So, FVL can cash the cheques and the kitty is flushed with ~$45M (over $20M is from ES). If more good news is coming the SP will be propelled to a much higher level (they got above the strike price of $1.65? in early August ($1.83). With the uncertainty in the conversion removed, the SP can get back up to that level again. For sure ES will excercise the wts, since he would like to make sure that he has a large block that would control a take-over attempt (Kinross is salivating...). The wt exercise by ES would bring in and extra amount of over $20M ($28M if I am not mistaken, 17Mwts x$1.65 = $28M?) . Could someone please double check. GLTA.
GH11
-------------------------------

BlueChipper2020 wrote: 1. All resolutions passed including the conversion of subscription receipts.
2. VP exploration stated the old pit was based on $1300 gold. It is outdated (some paraphrasing by me here) and the Company will add to the resources, expand the pit all based on current drilling and a much higher gold price). Move on to a PEA, PFS and FS.

My view, next step is a lot more drilling, then a PEA sometime in 2021/2022. They now have a lot of cash for a lot of drilling.

3. CEO stated the Company needed to wait and can now move aggressively with drilling that the conversion is passed. A second rig will be added followed by a third drill rig also.

GLTA