Freegold Ventures Limited (TSX:
FVL) is a TSX listed company focused on gold exploration in Alaska.
Freegold's flagship project is the Golden Summit project a road
accessible project located 30 road km from Fairbanks, which is
Alaska's second largest city. Power, water and a labour force are
all nearby. Exploration on the Golden Summit Project been primarily
dedicated to resource delineation since 2010. Since drilling began
in 2011 the indicated resources have increased by 867% and the
inferred resources by 820%. The Golden Summit resource update was
the largest single resource increase in the State of Alaska in 2012.
In addition Freegold also holds the Vinasale Gold Project which also
hosts a NI 43-101 compliant resource. As with Golden Summit,
exploration since 2010 has been focussed on resource delineation.
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
HIGH GRADE GOLD PROJECT
The technical disclosure on this website has been reviewed by Alvin W. Jackson, Vice President Exploration and Development for Freegold Ventures Limited as the Qualified Person.
- A diamond core drill program (2,984 feet) was completed on the Michigan area.