Freegold Ventures Limited

Freegold Ventures Limited

Mining

Vancouver, British Columbia 287 followers

Freegold (FVL: TSX)is a Toronto Exchange listed company focused on exploring for copper and gold near Fairbanks, Alaska.

About us

Freegold (FVL: TSX) is a Toronto Exchange listed company focused on exploring for copper and gold near Fairbanks, Alaska. Holding both the Golden Summit project, an advanced stage gold asset on which Freegold completed a preliminary economic assessment (PEA) in January 2016, and the Shorty Creek project, an exciting new copper-gold porphyry discovery. At Golden Summit, a drill program commenced in February 2020 which is designed to test a revised interpretation based on Freegold’s work that higher-grade mineralization may extend to the west of the old Cleary Hill Mine workings in an area of limited previous shallow drilling. The first hole in the program GSDL 2001 was completed to a depth of 548 metres and intersected 188 metres grading 3.69 g/t Au, and notably the last 20 metres averaged 9.87g/t Au. Drilling recommenced in mid June and is now expected to continue through the end of 2021. The program is aimed at further testing Freegold’s new interpretation as well as conducting the necessary drilling to advance the project through pre-feasibility. Three drill rigs are currently operating. In addition several of the previously identified targets on the property will be drill tested, several of which have had previous production averaging greater than one oz/t.

Industry
Mining
Company size
2-10 employees
Headquarters
Vancouver, British Columbia
Type
Public Company

Locations

  • Primary

    Suite 888 - 700 West Georgia Street

    PO Box 10351

    Vancouver, British Columbia V7Y 1G5, CA

    Get directions

Employees at Freegold Ventures Limited

Updates

  • We are pleased to announce additional drill results from the 2023 drill program, including the first results from the 2023 drilling west of Willow Creek. Today’s results successfully: • Confirmed the potential to further expand the resource along strike to the west within a 1.5 kilometre-long gold-in-soil geochemical anomaly • Highlighted the potential for further expansion drilling to increase the overall resource grade. Read the full release here: https://bit.ly/47JJACA

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  • We are pleased to announce the successful completion of the 2023 drill program! Over the year, the Company drilled a total of 44 holes. Between 2020 and 2022, Freegold's drilling successfully increased the resource from 1.35 Moz to 12.6 Moz Indicated and from 1.58 Moz to 7.7 Moz Inferred. The drill program conducted in 2023 has continued to intersect broad zones of mineralization with definitive zones of higher-grade mineralization. Read the full release here: https://bit.ly/471RDdr

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  • We are pleased to report that we have successfully confirmed the downdip continuity of the Cleary Vein Zone! Having increased Golden Summit's in-pit resource ounces with our 2020-2022 drill programs from 1.35 Moz to 12.6 Moz Indicated and from 1.58 Moz to 7.7 Moz Inferred, our primary strategy for the 2023-2024 drill program is to upgrade the resource with new higher-grade targets and infill drilling. Read the full release here: https://bit.ly/3FIQ0Wg

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  • We are pleased to report additional higher-grade mineralization at our Golden Summit Project! The two holes reported are from the northwest limits of the Dolphin Zone. Drilling is also targeting previously untested higher-grade zones, the Tolovana vein swarm west of Dolphin and the Saddle Zone, 4km to the east of Dolphin Cleary Zone. While assays have yet to be received for these two target areas, visible gold occurrences have been noted in both zones. Read the full release here: https://bit.ly/45J7nk4

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  • We are pleased to announce that we continue to successfully intercept higher grades at our Golden Summit Project as two drill rigs continue to operate. 34 holes have been completed in the Dolphin Cleary area since March, with assays for 17 holes now reported. Six holes have been completed in the Saddle Zone. Assays are pending. Read the full release here: https://bit.ly/3rRI8OI

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