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Freegold Ventures assays more high-grade gold in Alaska

 Trevor Abes Trevor Abes , The Market Online
0 Comments| January 21, 2025

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  • Freegold Ventures (TSX:FVL) continues to yield high-grade gold in the latest assays from 2024 drilling on its Golden Summit project in Alaska
  • Highlight intercepts include 2.72 grams per ton of gold over 139.9 metres and 1.93 grams per ton of gold over 105 metres
  • Freegold is a junior exploration stock active on two projects in Alaska prospective for copper and gold
  • Freegold Ventures stock has added 85.42 per cent year-over-year and 1,383.33 per cent since 2020

Freegold Ventures (TSX:FVL) continues to yield high-grade gold in the latest assays from 2024 drilling on its Golden Summit project in Alaska.

The 25,708-metre program successfully expanded mineralization to the west in the West of Willow Creek (Wow) zone tracking a 1.5 km gold-in-soil anomaly, strengthening Golden Summit’s value proposition as it approaches initial work on a pre-feasibility study.

Results paint an increasingly encouraging picture about the project’s potential to house an economical resource, including broad areas of significant mineralization.

The 2025 drilling program at Golden Summit will test the depth-extent of higher-grade zones discovered in 2024 and further explore mineralization in the Wow zone.

Investors can expect an updated mineral resource in 2025 once all 2024 assays have been received, allowing Freegold to kick off pre-feasibility work. To date, 29 of 41 assays are in hand.

Tuesday’s news release follows prospective results released earlier this month highlighted by 1.88 grams per ton of gold over 54.2 metres and 1.25 grams per ton of gold over 56.5 metres.

Wow zone assay results

Hole Depth Dip Azimuth From To Interval Gold
Number (m) (m) (m) g/t
GS2423 645.3 -89 0 57 100.9 43.9 0.76
195.7 270.4 74.7 0.62
340.5 361.8 21.3 1.63
391.4 543.8 152.4 0.84
including 508.1 543.8 35.7 1.47
GS2424 653 -85 67 388.1 412.9 24.8 1.28
488 503 15 0.80
551 578 27 0.72
(Source: Freegold Ventures)

Hole Depth Dip Azimuth From To Interval Gold
Number (m) (m) (m) g/t
GS2425 691.9 -90 0 44.2 81.4 37.2 0.61
108.8 166.7 57.9 0.80
194.2 212.4 18.2 1.41
311.2 340.5 29.3 0.72
401.4 541.3 139.9 2.72
including 514.2 541.3 27.1 11.6
including 514.2 517.2 3 44.7
including 520.3 523 2.7 59.5
572.1 585.5 13.4 5.26
including 572.1 575.2 3.1 18.2
611.7 647.7 36 0.89
(Source: Freegold Ventures)

Hole Depth Dip Azimuth From To Interval Gold
Number (m) (m) (m) g/t
GS2426 627 -86 360 117.3 129.6 12.3 0.96
343.8 359 15.2 1.02
405 510 105 1.93
including 481.8 483 1.2 44.1
including 502.6 504 1.4 65.9
609 627 18 2.03
(Source: Freegold Ventures)

Hole Depth Dip Azimuth From To Interval Gold
Number (m) (m) (m) g/t
GS2427 690.4 -65 360 228.9 474.6 245.7 1.07
including 386.2 389.2 3 23.3
558.7 638.6 79.9 0.95
GS2428 539 -85 83 157.6 188 30.4 0.61
328.4 340 11.6 1.57
409.4 419.7 10.3 0.80
476 531.9 55.9 1.14
GS2429 587 -85 294 433.7 487.7 54 0.85
(Source: Freegold Ventures)

About Freegold Ventures

Freegold is a junior exploration stock active on two projects in Alaska prospective for copper and gold.

Freegold Ventures stock (TSX:FVL) is up by 2.3 per cent trading at C$0.89 per share as of 11:05 am ET. The stock has added 85.42 per cent year-over-year and 1,383.33 per cent since 2020.

Join the discussion: Find out what everybody’s saying about this junior mining stock on the Freegold Ventures Limited Bullboard and check out the rest of Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

(Top photo of Freegold Ventures’ Golden Summit gold project in Alaska: Freegold Ventures)



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