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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 GoneBrokeon Jul 21, 2024 7:20pm
176 Views
Post# 36142042

Another MRE Napkin Math from Miningrocks Via Ggoldhunter

Another MRE Napkin Math from Miningrocks Via Ggoldhunter @Ggoldhunter_ceo.ca @miningrock...just went through your latest prediction for FVL in link https://miningexplained.com/freegold-ventures-napkin-math-2024-04-17/ and your prediction indicate an RE of 24.4Moz with excellent results from hole GS2337 (southern most in intrusion) and 2236 just on the West side of Tolovana fault, see Slide 11 July Corp presentation for hole id. In slide 11 FVL shows the promising Western Extension (between West of Tolovana fault and another fault line, 200m away?). Hole 2333 is in the southern end of this extension (still open). We are expecting FVL to give us an update on the RE with some new results for this extension. If you have some spare time perhaps you could plug in some additional data that you have available (and then update the results when FVL has released more data). It would be interesting to see if the RE could reach 30Moz with some partial results. Hole 2334 is further west and could provide good contribution to the RE due to potential of high tonnage. In my opinion, the Western Extension should be give highest priority by FVL (than the Saddle Zone in the east, may be one drill rig here and drilling toward Cleary, but more drilling should be done in Western Extension due to the proximity to the main deposit). Personnally, I would prefer high-grade (1.34gpt, at 0.75gpt cut-off, slide 6) and about 12Moz as an initial start option, but majors would want to see high tonnage deposits for building their resource holding.
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