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 > News 588 G/T over 1.7 metres

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Comment by BlueChipper2020on Apr 12, 2021 3:36pm

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Post# 32979069

RE:RE:RE:RE:News 588 G/T over 1.7 metres

goldhunter11 wrote: BlueChipper2020, It's conservative for management to cut this super-rich grade of 588 gpt (= 588 x 1.7 = 999.6 gpt-m) to 88gpt. (only 88 x 1.7 = 149.6 gpt-m was used in the averaging to get 1.61gpt/216m = 347.76 gpt-m) But why not let the market know the entire story, i.e. including the potential for the average grade for the intersection of 220m. Here is the math (check it out to verify my calculation). The math: Uncut average grade = (347.6 -149.6 + 999.6)/220 = 1197.6gpt-m/220m= 5.44gpt., which is much better than 1.61gpt with the cut to 88gpt. The market should jump with joy. Note also that this super high grade is about 305m down-hole, and if FVL extend their current pit bottom by just over 30m, they could scoop up this 1.7m section (at 588gpt)...see the Cross-section for hole 2017 in the NR. The uncut average grade for 2017 would be even better than that for hole 2001 (2.97gpt/294m) if the grade is "normalized" on the same intercept basis, i.e. 294m, the average grade for a 294m intercept for hole 2017 would be 4.07gpt (1197gpt-m/294m = 4.07gpt).
GH11

GH11

You make great points and I do not disagree that the results for 2017 should also have been shown for the uncut calculation in the table as they did in prior PRs. I am okay that they may not wanted the PR headline on an uncut basis, however the hole is what it is, and should be shown in the detail. They have had many intercepts greater than 100gpt in FY 2020 holes, so it is not a one off other than it being 588gpt.

Foks keep in mind, the big boys and sophisticated investors need to digest the PR today. I think those who are geologists or have access to such, need time to fully digest. So do not expect the stock price to explode. Whether there is or is not a knock out punch here, I do not know for certain, however there are many many great left hand jabs and we are winning the boxing match on points on the judges scoreboard.

BC
ain

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BlueChipper2020 wrote:

gmag66 wrote: All the holes are nice hits... 1.61 over 220m with the 588 cut to 88 is damn sweet!!

One big story here is that Hole 2017 with the 588 gpt hit is about 500 meters away from Hole 2001 which was the original monster hit last May 2020. All holes were hits again. BC