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FVL:TSX
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Freegold (FVL: TSX) is a Toronto Exchange listed company focused on the exploration and development of Alaskan Projects. Its flagship project is the Golden Summit Project. Located a 30 minute drive from Fairbanks with road, industrial scale power and an experienced workforce nearby the Golden Summit project represents an excellent low risk development opportunity for Freegold. 


Over the past three years the Company has been dedicated to building NI 43-101 compliant resources on this significant property. Starting from no NI 43-101 compliant resource in early 2011 the company has made significant progress. The current resource at Golden Summit is now 79,800,000 tonnes averaging 0.66 g/t Au for 1,683,000 ounces in the indicated category, and an inferred resource of 248,060,000 tonnes averaging 0.61 g/t Au for 4,841,000 ounces using 0.3 g/t as a possible open pit cut off. Current resource prepared in compliance with NI 43-10.

In addition to Golden Summit Project the Company recently acquired the Shorty Creek Copper --Gold, and Copper Molybdenum Porphyry Project. Located 120 km northwest of Fairbanks, just off the paved Elliot Highway, the project has seen little exploration since the early 1990's when 20 holes were drilled to a maximum depth of 500 feet. Highlights include 220 feet grading 1.22 g/t Au starting from surface. Although drilled as a gold target the holes consistently bottomed in significant copper mineralization. (up to 0.45% Cu). Since acquiring the Project in July 2014 Freegold has completed an induced polarization survey, a soil geochemical survey, staked additional claims and has identified the presence of two significant drill ready targets. 

Freegold also holds the Vinasale Gold Project, an option to lease with Doyon Limited. Since 2011 Freegold has built a significant gold resource. The current resource at Vinasale is now 3,400,000 tonnes averaging 1.48 g/t Au for 162,000 ounces in the indicated category, and an inferred resource of 53,300,000 tonnes averaging 1.05 g/t Au for 1,799,000 ounces using 0.5 g/t as a possible open pit cut off. Current resource prepared in compliance with NI 43-10.


Golden Summit Current Resource (June 2013) (Abrams and Giroux, 2013) 

The indicated and inferred resource using a 0.3 and 0.35 gram/tonne (g/t) cut-off for the total resource is:

The indicated and inferred resource using a 0.2 gram/tonne (g/t) cut-off for the oxide component is:

The oxide cap is contained largely within the upper 200 feet (60 metres) of the resource. To date resource drilling has been confined to a 300 metre by 1.5 km area (approx. 110 acres) however the entire Golden Summit project area covers an 11,400 acre area and hosts numerous other significant exploration targets with potential to host additional resources, all of which have an oxide cap in the upper 200 feet (60 metres).