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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

Comment by BlueChipper2020on Feb 10, 2021 12:25pm
214 Views
Post# 32526174

RE:Resource Potential

RE:Resource PotentialI can answer that with a basic understanding. These two holes by themsselves are a piece of the puzzle. A significant piece, but a piece. There is a lot more drilling to do. 

Keep in mind that the original legacy resources in and out of the pit for the Dolphin zone were 6.5 million ounces before the 2020 drilling and hole 2001 mega hit and subsequent holes including today. But those ounces were 4.5M of inferred. 

The company stated clearly many times in past NRs and the January corporate presentation, one objective of 2021 drilling is to move the inferred ounces to higher categories, measured and indicated. 

So to answer your question, you have to look at the big picture. FVL has multiple zones and targets which will add signficantly to the global resource COLLECTIVELY. Do  not look at it hole by hole. Of course each of these holes are big holes which add tens of thousands of ounces, at least every time. Not a geoligist. GLTA. 

BC
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