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Freegold Ventures Ltd.
Summary
| Project: | Golden Summit | |
|---|---|---|
| Deposit: | Golden Summit | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 5/6/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 6-5-2020: Freegold Ventures Ltd. announces an Exploration/Drilling Update report for its Golden Summit deposit at the Golden Summit project. Drilling results incl. 257.4m @ 2.94g/t Au from 290.6m. VANCOUVER: May 6th, 2020 - Freegold Ventures Limited (Free | |
| Resources: | ||
| CP/QP: | [Overall Report]: Alvin Jackson (Internal) | |
| ABSTRACT: | VANCOUVER: May 6th, 2020 - Freegold Ventures Limited (Freegold) (FVL: TSX) is pleased to announce assay results from its temporarily suspended drill program on its Golden Summit Project near Fairbanks, Alaska. Drill results returned multiple intercepts of higher-grade mineralization within the projected extension of the Cleary Vein system (CVS). Hole GSDL2001 was drilled to a depth of 548 metres and intersected 188 metres grading 3.69 grams per tonne (g/t). Significantly, the last 20 metres graded 9.87 g/t Au, indicating the system is open to depth. GSDL2002, drilled 150 metres to the east of GSDL 2001, was drilled to a depth of 165 metres and had just intersected the projected CVS returning 2.4 g/t over 9 m before drilling activities were suspended due to COVID 19. Drilling on this hole will be resumed when the program restarts. Kristina Walcott, President of Freegold states, “Management is tremendously excited with these results. The drill program is testing our interpretation that the high-grade CVS extendsto the west and these results are confirming our interpretation.” | |
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