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 > Results are out!

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Comment by BlueChipper2020on Aug 18, 2021 3:33pm

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Post# 33724820

RE:RE:RE:RE:RE:Results are out!

Hipshot wrote: Yes great report, are we over 10m oz yet?
if we are: 10,000,000 x125.00=1,200,000,000/400,000,000=$3.00
Rough #s but close.
imho

Actually not close. No one is going to pay 125 an ounce at this point. You need one or both of the following: 1. Gold price significantly higher than 1750USD. 2. A lot more drill results that begin to show higher grade pockets. The grade and depths at this moment at 1750 gold are the issue. At this point today the market is paying us a much lower dollar per ounce and we also need an updated 43-101 showing we have 10M ounces. Also a lot more in the indicated category and not 75% inferred. So a long way to go here. BC

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