Freegold Ventures Limited T.FVL

GREAT POST FROM CEO

[BlueChipper2020]

This is a post from CEO.CA earlier today from the following poster. I think it is very good. 
BC


 

@Goldfever4evr If they can intercept the high grade vein swarm closer to surface... they could plan an underground operation following from surface to the deeper zones and stope upwards from the main feeder. They could mine out each high grade off shoot along with the lower grade halos immediately surrounding the high grade vein swarms. The recent intercept of nearly 20 oz/t is essentially worth $34,000.00/t @ todays gold price. Even the 2-4 oz/t intercepts over 1-3 meter thickness are worth $3400-6800/t (2.65 t/m^3)... if they can define the high grade vein swarms over strike and dip of several hundred meters each way, this would then become a highly profitable project. Will take this and next year to define such an opportunity, well enough, to start a proper resource calculation. The share price certainly won't suffer if they're successful (and the pog holds up of course.) Lots of "ifs" here... but they have hit the high grade zone/s in multiple holes now. Things do look like they're leaning towards a large economically viable feeder system at depth with splays towards the surface. More drilling will determine whether a future mine will start as a lower grade bulk tonnage open pit operation with an underground high grade operation to follow... or whether they can start with a high grade underground operation. Good times ahead...
@Goldfever4evr If they can intercept the high grade vein swarm closer to surface... they could plan an underground operation following from surface to the deeper zones and stope upwards from the main feeder. They could mine out each high grade off shoot along with the lower grade halos immediately surrounding the high grade vein swarms. The recent intercept of nearly 20 oz/t is essentially worth $34,000.00/t @ todays gold price. Even the 2-4 oz/t intercepts over 1-3 meter thickness are worth $3400-6800/t (2.65 t/m^3)... if they can define the high grade vein swarms over strike and dip of several hundred meters each way, this would then become a highly profitable project. Will take this and next year to define such an opportunity, well enough, to start a proper resource calculation. The share price certainly won't suffer if they're successful (and the pog holds up of course.) Lots of "ifs" here... but they have hit the high grade zone/s in multiple holes now. Things do look like they're leaning towards a large economically viable feeder system at depth with splays towards the surface. More drilling will determine whether a future mine will start as a lower grade bulk tonnage open pit operation with an underground high grade operation to follow... or whether they can start with a high grade underground operation. Good times ahead...

[Minray]

Thank you Bluechipper. This is certainly uplifting. I suspect the POG has some resistance in the short term and then should climb to above 1800. That being said, there is a lot not uncertainty. Either way, I've waited a year with this stock...I can wait another year or two. Good luck folks.