Limited is a TSX listed company focused on the exploration of
gold projects in Alaska. In addition to the Golden Summit Gold
Project, Freegold has an option to lease the Vinasale Gold Project
in central Alaska. Both the Golden Summit and Vinasale projects have
current NI 43-101 compliant resources. In addition the Company holds
the Rob Gold project an early stage high grade gold project in the
Goodpaster Mining District of Alaska.
The mineralized Dolphin Solid has increased in volume by 254 % over the one used in the 2011 Estimate (Adams, Giroux, 2012). It has been deepened and extended to the north east to include the Cleary Hill area. This update of the 43-101 resource reported in January 2012 (Adams and Giroux, 2012) was based on an additional 74 drill holes completed in 2012 and an extension of the mineralized zone to the north and east. As a result the number of holes within the mineralized solid increased from the 77(11,802m) used in the 2011 estimate, to 177 (35,829m) for this update.
CENTRAL ZONE NI 43-101 Compliant Resource (March 2013)
(Using a 0.5grams/tonne (g/t) as a possible open pit cutoff.)
Vinasale Central Zone Indicated Resource (Total Blocks)
0.50 (cut off) , 3,410,000 (tonnes) Au g/t 1.48 kgs Au 5,030 Contained ounces 162,000
Vinasale Central Zone Inferred Resource (Total Blocks)
0.50 (cut off) , 53,259,000 (tonnes) Au g/t 1.05 kgs Au 55,970 Contained ounces 1,799,000
The 2013 program is expected to consist of additional drilling in the Central Zone where it remains open to the south and to depth.
Additional drilling is also planned for the North East zone to further test extensions of mineralization associated with the ground geophysics (IP).
HIGH GRADE GOLD PROJECT
- A diamond core drill program (2,984 feet) was completed on the Michigan area.