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.

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Freegold Ventures Limited > Freegold Ventures Limited filed new SEDAR documents

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Comment by TuTomekon Apr 02, 2021 6:39am

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Post# 32931323

RE:Freegold Ventures Limited filed new SEDAR documents

Comments copied from https://ceo.ca/fvl

1 Apr 2021

@tanneri “In February 2021, drilling recommenced at Golden Summit. Emphasis will be on continuing to delineate zones of higher-grade mineralization consistent with Freegold’s interpretation, in particular the area to the north of the Dolphin intrusive. In addition, drilling will also be directed to the south of the Cleary Hill mine workings where older workings included the Colorado, Wackwitz, and Wyoming vein zones which have never been tested to depth or along strike to the east. Past drilling in the Cleary Hill area has been largely shallow in nature and it is interpreted that the Dolphin intrusive likely underlies the Cleary Hill area at depth.

Approximately 80 holes (assuming an average hole depth of 500 metres) are expected to be drilled during 2021. There are currently three drills operating at Golden Summit.“

@Ggoldhunter_ceo.ca @tanneri...Excellent reporting, thanks. Just want to add a few items: (a) The link for this MD&A is https://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00004004&issuerType=03&projectNo=03200026&docId=4925229, for the year ended in 31 Dec 2020, and the info posted is in the Outlook section on page 26; (b) Shorty Creek is doing fine, South32 (Oz company) approved FVL exploration proposal for 2021; (c) back to Golden Summit, the MD&A gives a summary of the drilling results from 2001 to 2010 from pge 1 to page 6 (nothing new here) with the outlook at the top of page 7. 80 holes x 500m = 40,000m program for 2021, at an approximate cost of around $6M; (d) The company hs plenty of cash available, for drilling and activities involving new RE and updated PEA, which will reduce the payback period, if they include the potential higher grades, the current PoG at 1700/oz level (rather than 1300), and the increase in mill throughput (this would increase the initial CapEx a bit, but it would result in significantly the net profit = reduction of the payback period).

GLTA!

TuTomek wrote:
31 Mar 2021

MD&A - English

https://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00004004&issuerType=03&projectNo=03200026&docId=4925229

Audited annual financial statements - English

https://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00004004&issuerType=03&projectNo=03200023&docId=4925227