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Freegold Ventures Limited T.FVL

Alternate Symbol(s):  FGOVF

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

Bullboard Posts
Comment by jgoddardon Oct 26, 2020 6:45pm
164 Views
Post# 31783575

RE:RE:RE:RE:RE:Question for the board

RE:RE:RE:RE:RE:Question for the boardI contacted Freegold and they got back to me. When a hole is terminated it means they would have liked to have gone further but terminated the hole before total depth planned. The start of the drill hole to where it is terminated is all good core to go to the lab for testing. So if you see the chart below only 1 of those holes was terminated at a very short distance. All the rest were drilled at a sufficient distance to get a good idea of what's down there. The only issue I have here is why are they holding back on results. I'm holding on tight. They will have to tell us sooner than later and my guess is after the election. 


A summary of holes completed to date Summer/Fall2020 Program: 

Hole 

Dip 

Azimuth 

Total Depth 
(m) 

GSDL2003 

-70 

360 

587.6 

GSDL2004* 

-70 

360 

420 

GSDL2005 

-80 

360 

645 

GSDL2006** 

-70 

360 

76.5 

GSDL2007 

-75 

360 

573 

GSDL2008 

-70 

360 

442.4 

GSDL2009 

-70 

360 

420.6 

GSDL2010*** 

-70 

360 

518 

*Hole was terminated at 420m due to difficult hole conditions 

** Hole was terminated at 76.5m due to difficult hole conditions 

*** Hole was terminated at 518m due to difficult hole conditions


Bullboard Posts