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Projects
Rob Project, Alaska
In 2011, a small diamond drill program (2,984 feet) was undertaken on the Rob Project. A total of three holes were drilled in the Michigan area in order to evaluate the bulk tonnage potential. Holes 11-01 and 11-03 both intersected anomalous values. Hole # Rob11-02 was particularly encouraging intersecting 57 g/t over 5 feet and 7 gm/t over 11.5 ft with the bottom 30 feet averaging 2.6 gm/t.
This was the first drilling ever done in the Michigan area. The Michigan prospect is hosted in pervasively sericite altered granodiorite with sheeted and stockwork quartz-sulfide-gold veins covering a 2-3 square kilometer area. Other significant targets on the Rob Project include the Grey Lead area previous drilling intersected multiple higher-grade intercepts such as 13 feet averaging 29 gm/t, 14 feet of 8.0 gm/t and 13.5 feet of 20 gm/t. Several other vein structures have been identified in the vicinity of the Grey Lead and Michigan prospect area, some of which have coincident induced polarization anomalies associated with them. Additional exploration is warranted at Michagan, Grey Lead and these other high priority target areas.
Rob is located within the Goodpaster Mining District. The Rob Property lies 110 miles southeast of Fairbanks and 20 miles to the east of Sumitomo's Pogo mine which has annual production of 350,000 - 450,000 oz/yr. Mineralization at the Rob exhibits many of the same geological and geochemical characteristics to the Pogo Mine. Work by Freegold to date has consisted of limited rock sampling and drilling.
Drilling by Freegold has been focused on the Grey Lead and O'Reely zones. The majority of drilling by Freegold has been concentrated in the Grey Lead area where 16 holes have been drilled to an average depth of 200 feet.
Significant intercepts from the 2007 and 2008 drill programs: Grey Lead
|
Hole Number |
From (ft) |
To (ft) |
Interval (ft) |
Gp/t |
|
ROB0706 |
154.5 |
171 |
16.5 |
6.6 |
|
ROB0712 |
43.5 |
58 |
14.5 |
10.5 |
|
ROB0713 |
46 |
65.5 |
19.5 |
14.5 |
|
ROB0714 |
57.8 |
76.5 |
18.7 |
19.1 |
|
ROB0715 |
93.0 |
106.0 |
13.0 |
3.3 |
|
ROB0716 |
43.0 |
57.0 |
14.0 |
6.1 |
|
ROB0717 |
176.0 |
185.5 |
9.5 |
11.4 |
|
ROB0818 |
69.9 |
81.4 |
11.5 |
43.1 |
|
ROB0819 |
87.8 |
156 |
63.4 |
5.2 |
|
ROB0820 |
48.6 |
82.7 |
34.1 |
2.8 |
|
ROB0823 |
64.4 |
69.7 |
5.3 |
4.9 |
Prospecting and sampling in the Grey Lead area has also identified two parallel gold-bearing veins to the east, suggesting that the Grey Lead vein may be one of a series of veins, comparable to the multiple vein system which is currently being mined at the Sumitomo's nearby Pogo Mine.
Nine holes have been drilled into the O'Reely zone. The O'Reely zone lies 6,000 feet southeast of the Grey Lead zone. These holes encountered a vein of similar width to the Grey Lead vein however contained only anomalous gold with values up to a level of 2.1 g/t over 3 feet, and 0.94 g/t over 17 feet.
Limited reconnaissance work has been carried out in the surrounding areas by Freegold; however it has confirmed the presence of multiple quartz veins in several other target areas.