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Freegold Ventures Limited


ADVANCING ONE OF NORTH AMERICA’S LARGEST UNDEVELOPED GOLD DEPOSITS


Bullboard - Investor Discussion Forum 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... see more

TSX:FVL - Post Discussion

Freegold Ventures Limited > help with interpreting a FVL table
View:
Post by yogiseer on Sep 10, 2024 6:51pm

help with interpreting a FVL table

CutOff Au g/t

Classification

Au g/t

Tonnes

Ounces

OXIDE

       

1.00

Indicated

1.73

4,745,000

265,000

1.00

Inferred

1.77

127,000

7,000

0.75

Indicated

1.35

8,430,000

366,000

0.75

Inferred

1.17

359,000

14,000

0.50

Indicated

0.97

17,324,000

541,000

0.50

Inferred

0.84

919,000

25,000

0.40

Indicated

0.81

24,758,000

647,000

0.40

Inferred

0.72

1,322,000

31,000

0.15

Indicated

0.49

59,414,000

937,000

0.15

Inferred

0.45

3,252,000

47,000

PRIMARY

       

1.00

Indicated

2.07

99,704,000

6,628,000

1.00

Inferred

2.01

82,640,000

5,352,000

0.75

Indicated

1.55

174,604,000

8,694,000

0.75

Inferred

1.49

151,918,000

7,271,000

0.50

Indicated

1.08

346,304,000

12,050,000

0.50

Inferred

1.04

308,311,000

10,306,000

0.40

Indicated

0.92

461,582,000

13,711,000

0.40

Inferred

0.88

426,343,000

12,003,000

0.15

Indicated

0.66

778,574,000

16,609,000

0.15

Inferred

0.62

752,540,000

14,960,000

 

UNDER PIT

       

1.00

Indicated

1.89

1,193,000

73,000

1.00

Inferred

1.82

11,605,000

677,000

0.75

Indicated

1.29

2,867,000

119,000

0.75

Inferred

1.34

22,900,000

986,000

0.50

Indicated

0.84

7,958,000

216,000

0.50

Inferred

0.87

61,179,000

1,720,000

0.40

Indicated

0.66

14,765,000

313,000

0.40

Inferred

0.71

100,288,000

2,282,000

0.15

Indicated

0.35

64,264,000

720,000

0.15

Inferred

0.41

290,423,000

3,826,000



In the news report, they used around $1900 price per ounce and cut off at 0.5g per ounce in the ore per tonne. 

My question is hypothetical, but if for example the price per au jumped $10000 an ounce. 

would the total indicated resource reserve be the sum total of all the lines in the table listed as indicated? As the cut off could likely drop at a ratio of 4x seeing as the price increased around 4x? 

So the total resource indicated at higher prices is actually like 50-60 million ounces? 

I got that number by adding all those indicated amount of ounces up in those three tables above. 

Please advise.. Thanks and GLTA
Comment by yogiseer on Sep 10, 2024 7:04pm
I think on a second look, I understood it better, those tables are the estimates using the drill data from current drill results and so on on the property,  They are not seperate areas of the property all in different grades and cutoff? its a table of the overall grade and cutoff. So if the prices increased to around 10000 an ounce then basically the cutoff could all be used and it wont be 50 ...more  
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Investor Presentation

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Investment Opportunity

GOLDEN SUMMIT

  • Major gold resource with exceptional infrastructure

  • Indicated Au Ounces 12,050,000 @1.08 g/t

  • Inferred Au Ounces 10,306,000 @ 1.04 g/t

  • Additional studies in progress

  • Gold in soil anomaly west of willow Creek covers area larger than current resource

  • Potential exists for higher grades at shallower depths and may significantly alter overall project economics

  • 2024 drilling underway

Contact Us

PO Box 10351
Suite 888 - 700 West Georgia Street
Vancouver, BC
604-662-7307
ask@freegoldventures.com