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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

Post by BlueChipper2020on Jul 14, 2021 2:38pm
184 Views
Post# 33543407

17 HOLES AND MAY 2020

17 HOLES AND MAY 2020Since the initial monster hit GS 2001 in May 2020 (as one of the two holes to test management's new theory/intrepretations), we have had the following: 

1. GS 2002- Released September 2020 after painfully long wait 
2. Holes GS 2003-2018 (two holes of this were lost, so 14 holes here) released later in 2020 including a few in 2021. 
3. 2 holes out of the expected 80 comprising the FY 2021 40K metre drill program 


So the initial monster hole 2001, we have had a grand total of 17 holes from May 2020 to July 14, 2021. 

How long will the remaining 78 holes (e.g. 80- 2) for the FY 2021 program take to all be drilled and assays released? Based on the above, you can count on mid 2022 on the earliest. Problem with this, is how do you know how to base your drill rigs if you are not receiving timely information. That drags out the process, which hurts treasury and shareholders. So these delays do cost money.  Of all my juniors, the delays here are the worst by far. I understand SH fustration here. 

GLTA
BC
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