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October 11th, 2011 (Vancouver, BC) -- Freegold Ventures Limited (TSX: FVL, Frankfurt: FR4N)("Freegold" or the "Company")
is pleased to provide assays for thirteen holes of drilling from the Phase One drill program on the Dolphin Zone on Golden Summit , Alaska.
A total of 27 holes were completed totaling 6,500 metres during the Phase One program. Drilling in this phase was designed both to upgrade the resource category as well as expand the known resource. An updated NI-43-101 resource estimate is expected to be completed on the Dolphin Zone by the end of 2011. A Phase 2 10,000 metre drilling program was initiated in mid August and is expected to continue until March of 2012. Drilling has commenced at the Cleary Hill mine prospect where Freegold hopes to develop the first NI 43-101 resource in that area.
The current NI 43-101 compliant resource on the Dolphin Zone completed earlier this year is:
Total indicated resource is 7,790,000 mt @ 0.695 gpt for a total of 174,000 contained gold ounces.
Total inferred resource is 27,010,000 mt @ 0.606 gpt for a total of 526,000 contained gold ounces.
(using a 0.3 g/t cutoff)
The holes drilled in the Phase One program were within and adjacent to the main intrusive of the Dolphin Zone. (http://www.freegoldventures.com/i/maps/GS11DH_PR_Oct11b.pdf) and were designed to expand the resource to the east, south and to depth.
Highlights of the Phase One program to date include -- GSDC 11-32 which returned 452 m @ 0.68 g/t Au, and GSDC 11-47 which returned 149.2 m @ 1.02 g/t Au (from 367 -- 516.2m). See press releases dated June 13th, 2011, and August 2nd, 2011 respectively.
Significant intercepts from the currently reported holes include: GSDC 11-38 which returned 207.4 m @ 1.00 g/t Au, including 74.1 m @ 2.3 g/t Au, GSDC 11-41 which returned 187 m @ 0.65 g/t Au and GSDC 11-51 which returned 56.1 m @ 0.68 g/t Au. Also of note are some significant silver intercepts. Highlights include GSDC 11-37, which returned 97.5 m @ 8.00 g/t Ag, Hole GSDC 11-37 also returned 118.6 m grading 0.57 g/t Au. Hole GSDC 11-48 returned 24.8 m @ 34.7 g/t Ag
Verdoppelung der Resourcen !!
Initial drilling in the Phase 2 program was aimed at evaluating the bulk tonnage potential at the Cleary Hill area with a goal of tying the Cleary Hill Zone into the existing Dolphin Resource in the next resource update.
The Phase two program commenced in September focusing on the Cleary Hill area which is located approximately 600 meters northeast of the Dolphin Deposit on which a resource estimate was completed in December 2011. The current resource at Dolphin using a 0.35 g/t cutoff is 14,840,000 tonnes @ 0.66 g/t Au - representing 316,000 ounces in the indicated category and
50,460,000 tonnes @ 0.61 g/t Au - representing 991,000 ounces in the inferred category.
Additional drilling will also be carried out on the Dolphin Zone during the current program as there remains considerable expansion potential in the immediate area both along strike and to depth.
Drilling to date has identified bulk tonnage style mineralization over a 700 metre strike length in the Cleary Hill area. The Dolphin resource covers a comparable area with similar grades. The planned program is designed to infill the 400 metre area between the Cleary Hilll and Dolphin areas resulting in a potential resource strike length of 2,000 metres.
The Qualified Person, as defined by NI 43-101, who has reviewed the technical disclosure contained in this release is Curtis J. Freeman, M.Sc., PGeo who is the primary geological consultant for the project. Drill cores were cut in half using a diamond saw, with one-half placed in sealed bags. Core samples were picked up on-site by ALS-Chemex Labs and transported to their facility in Fairbanks, Alaska. A sample quality control/quality assurance program was implemented.
Link: http://www.freegoldventures.com/s/Home.asp
VANCOUVER, Feb. 7, 2012 /CNW/ - Freegold Ventures Limited (TSX: FVL, Frankfurt: FR4N) ("Freegold") reports the results of its three holes drilled at the Rob Project located in the Goodpaster District, Alaska.
Drilling was aimed at evaluating the bulk tonnage potential of the Michigan area of the project. A total of three holes totaling 2,984 feet were drilled.
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.
Width refers to drill hole intercepts, true widths have not been determined.
The Qualified Person who has reviewed the technical disclosure contained in this release is Curtis J. Freeman, M.Sc., PGeo who is the primary geological consultant for the project. Drill cores were cut in half using a diamond saw, with one-half placed in sealed bags. Core samples were picked up on-site by Inspectorate Labs and transported to their facility in Fairbanks, Alaska. A sample quality control/quality assurance program was implemented.
http://www.minenportal.de/artikel.php?sid=19096
Gruß
Schaut mal auf die News Releases vom 15 Februar. (im Link zuvor)
Gruß
The addition of 13 drill holes drilled in 2011 and the expansion of the geologic solid have expanded the resource at a 0.5 g/t cut-off by 32.4 % on tonnage at essentially the same grade for an increase of 30.4 % ounces of contained gold from the March 2011 resource estimate.
A total of 85 drill holes containing 10,945 gold assays have been completed on the project within three areas: the Central, Northeast and South Zones. The highest density of drilling has been completed in the Central Zone where 41 drill holes totaling 9,948 metres were used in estimating the resource for the Central Zone. Gold assays were capped at 22.0 -grams/tonne gold. Composites, 5 metres in length, were used to model the grade continuity using semivariograms. Blocks measuring 10 by 10 by 5 metres were populated using Ordinary Kriging.
Vinasale Central Zone Inferred Resource
Au Cut-off
(g/t)
Tonnes> Cut-off
(tonnes)
Grade > Cut-off
Au
(g/t)
Contained
kgs Au
ozs Au
0.10
87,370,000 0.74
64,570
2,076,000
0.15
80,380,000 0.79
63,740
2,049,000
0.20
74,930,000 0.84
62,790
2,019,000
0.25
70,040,000 0.88
61,640
1,982,000
0.30
65,620,000 0.92
60,440
1,943,000
0.40
57,350,000 1.00
57,580
1,851,000
0.50
49,320,000 1.09
53,960
1,735,000
0.60
42,250,000 1.19
50,110
1,611,000
0.70
36,100,000 1.28
46,100
1,482,000
0.80
30,840,000 1.37
42,160
1,355,000
0.90
26,310,000 1.46
38,310
1,232,000
1.00
22,420,000 1.54
34,620
1,113,000
1.10
19,080,000 1.63
31,120
1,001,000
1.20
16,110,000 1.72
27,710
891,000
1.30
13,520,000 1.81
24,480
787,000
To date, mineralization in the Central Zone extends over a strike length of 400 metres and remains open to the south, east and at depth.
The 2012 program will consist of additional drilling in the Central Zone where it remains open to the south, as well as potential resource definition in the North East Zone. The zone was further defined by the 2011 ground geophysical program and limited prior drilling. The program is scheduled to commence in mid May.
The Qualified Person for this release is G.H. Giroux, M.A.Sc., P.Eng., who has reviewed and approved the contents of this press release
Hole GSDL12-01 is the first hole of the 2012 program in the Dolphin Zone and returned 314.1 metres averaging 0.69 g/t Au. It is a 60 metre step out to the north of hole GSDC 11-43 which intersected 200.3 metres of 0.85 g/t Au. The results of hole DL 12-01 also confirm that the mineralization remains open at depth and to the west and south. Additional drilling is planned to expand on the mineralization encountered in hole GSDL12-01.
Significant results from GSDL12-01 are reported below:
Hole Number
Hole Inclination Depth of Hole (ft)
From (ft)
To
(ft)
Interval (ft)
Interval (m)
Au
g/t
Dolphin Area
GSDL 12-01
-55 1058.5 28
1058.5
1030.5
314.1
0.69
28
464
436
132.9
0.27
including
464
1058.5
594.5
181.2
0.99
"
623
1058.5
435.5
132.7
1.19
including
732
738.5
6.5
1.98
11.40
and
896
1020
124
37.8
1.67
Width refers to drill hole intercepts, true widths can not be determined due to uncertain geometry of mineralization. All assays reported are uncut.
Significant mineralization in hole GSDL12-01 is associated with numerous faults and shear zones containing variable amounts of quartz -- sulfide veining. Host rocks include quartz mica schist, quartz biotite schist and hornfels. Visible gold was noted in core from this hole. Sulfide content was generally below 5% but ranged up to 50% in some massive sulfide veins. The dominant sulfide minerals include pyrite and arsenopyrite with lesser jamesonite and sphalerite.
Current drilling in the Dolphin area is aimed at expanding the current Dolphin resource (December 2011) which using a 0.35 g/t cutoff is 14,840,000 tonnes @ 0.66 g/t Au - representing 316,000 ounces in the indicated category and 50,460,000 tonnes @ 0.61 g/t Au - representing 991,000 ounces in the inferred category.
A total of 3,856 metres were drilled in the Cleary Hill zone since January of which assays have been reported for 1,832 metres. This drilling was aimed at merging mineralization at the Cleary Hill Zone with the existing Dolphin Resource. Results from the remaining Cleary Hill zone drilling will be reported shortly.
1,653 metres have been drilled in the Dolphin Zone since January of which assays for 314.1 metres have now been reported.
In addition 1,686 metres have been completed since January on the Christina area of which 1,175 metres have been reported.
The total program planned for 2012 for Golden Summit is 20,000 metres.
The Qualified Person who has reviewed the technical disclosure contained in this release is Curtis J. Freeman, M.Sc., PGeo who is the primary geological consultant for the project.
Drill cores were cut in half using a diamond saw, with one-half placed in sealed bags. Core samples were picked up on-site by ALS-Chemex Labs and transported to their facility in Fairbanks, Alaska. A sample quality control/quality assurance program was implemented.
About Freegold Ventures Limited
Freegold is a TSX listed company focused on the exploration of gold projects in Alaska. In addition to the Golden Summit Gold Project, the company holds a 100% in lease interest in the Rob Gold Project near the Pogo Gold Mine in the Goodpaster Mining District of Alaska and has an exploration agreement with option to lease the Vinasale Gold project in central Alaska.
Kristina Walcott-President and CEO
Telephone: 1.604.662.7307
jkw@freegoldventures,com
at Golden Summit and Vinasale Projects
April 26th, 2012 (Vancouver, BC) -- Freegold Ventures Limited (TSX: FVL, Frankfurt: FR4N) ("Freegold") is pleased provide an update on its 2012 exploration plans. Drilling began in mid January at Golden Summit. A total of 35 holes were completed totaling 9,320 metres. Assays have now been reported for 6,262 metres, and 25 holes. Remaining holes will be reported as assay results become available. The focus of the Golden Summit drilling was to test the Christina vein system to determine if there is potential to define a bulk tonnage resource in the Christina areas as well as additional drilling in the Cleary Hill and Dolphin Zones which is aimed at linking the Dolphin and Cleary Zone with the next NI 43-101 resource update.
The most recent NI 43-101 compliant resource was completed on the Dolphin Zone in December of 2011 which using a 0.35 g/t cutoff is 14,840,000 tonnes @ 0.66 g/t Au - representing 316,000 ounces in the indicated category and 50,460,000 tonnes @ 0.61 g/t Au - representing 991,000 ounces in the inferred category.
In addition drilling is expected to be conducted this summer in the Goose Creek and Too Much Gold areas that are two additional potential bulk tonnage targets within the 7.5km long Golden Summit Project. Drilling will also resume on the Dolphin Zone in mid May.
Vinasale Project, Alaska
In addition drilling is anticipated to start mid May on the Vinasale Project. Drilling is aimed at expanding the March 2012 NI 43-101 compliant resource of 1.7 million ounces (49.3 million tonnes averaging 1.09 g/t Au) in the inferred category within the Central Zone. To date, mineralization in the Central Zone extends over a strike length of 400 metres and remains open to the south, east and at depth.
The 2012 program will consist of additional drilling in the Central Zone as well as potential resource definition in the North East Zone. The zone was further defined by the 2011 ground geophysical program and limited prior drilling. A 5,000 metre program is currently planned.
The Vinasale Gold Project is located in southwest Alaska and is held under an Exploration Agreement with an Option to Lease from Doyon Limited, an Alaskan Native Regional Corporation.
The Qualified Person who has reviewed the technical disclosure contained in this release is Alvin Jackson, PGeo who is the Vice President Exploration and Development for the Company.
About Freegold Ventures Limited
Freegold is a TSX listed company focused on the exploration of gold projects in Alaska. In addition to the Golden Summit Gold Project, the company holds a 100% in lease interest in the Rob Gold Project near the Pogo Gold Mine in the Goodpaster Mining District of Alaska and has an exploration agreement with option to lease the Vinasale Gold project in southwest Alaska.
Kristina Walcott-President and CEO
Telephone: 1.604.662.7307
jkw@freegoldventures,com
link: http://www.freegoldventures.com/s/Home.asp
www.freegoldventures.com
VANCOUVER, May 10, 2012 /CNW/ - Freegold Ventures Limited (TSX - FVL; Frankfurt: FR4N) (the "Company"): The Company announces that its Board of Directors has approved and adopted a Shareholders Rights Plan (the "Plan"). The Plan entitles shareholders to severable rights to purchase additional shares of the Company upon the occurrence of a take-over bid (i.e. an offer to purchase 20% or more of the issued shares, when aggregated with the offeror's shareholdings), which fails to meet certain conditions. Bids which meet these conditions ("Permitted Bids") do not trigger the rights to purchase additional shares. Permitted Bids are offers which meet all of the following conditions:
1. The offer is made to all shareholders and includes shares issuable upon exercise of share purchase warrants, stock options and other convertible securities;
2. The offer must contain an irrevocable and unqualified provision that no shares will be taken up or paid for prior to the close of business on a date less than 60 days following the date of the Bid, and only if at such date more than 50% of the shares held by independent shareholders have been deposited or tendered and not withdrawn;
3. The offer must contain an irrevocable and unqualified provision that any share deposited may be withdrawn at any time until being taken up and paid for; and
4. The offer must contain an irrevocable and unqualified provision that if the deposit conditions set out in item 2 above are met, then the offeror will make a public announcement of that fact, and the bid will remain open for deposits or tenders of additional shares for not less than 10 business days from the date of the public announcement.
The Plan is designed to ensure that all shareholders are treated fairly and equitably in the event of a take-over bid.
The Plan is subject to the acceptance of regulatory authorities, ratification by the shareholders of the Company, and the acceptance of the rights agent.
About Freegold Ventures Limited
Freegold is a TSX listed company focused on the exploration of gold projects in Alaska. In addition to the Golden Summit Gold Project, the company holds a 100% in lease interest in the Rob Gold Project near the Pogo Gold Mine in the Goodpaster Mining District of Alaska and has an exploration agreement with option to lease the Vinasale Gold project in central Alaska.
Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.
For further information:
Kristina Walcott-President and CEO
August 2, 2012 (Vancouver, BC) -- Freegold Ventures Limited (TSX:FVL Frankfurt: FR4N) ("Freegold") is pleased to announce that it has received subscription agreements for the first closing of a non-brokered private placement of 3,311,957 ("Units"), priced at $0.56 per Unit. Each unit will consist of one common share (a "Share") and one half of one common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder to acquire an additional Share at a price of $0.65 for a period of 18 months from the date of closing. Each warrant is subject to accelerated expiry provisions such that if at any time after the expiry of any resale restriction governing the subscribed shares, the Corporation's common shares trade on the TSX at or above a volume weighted average trading price of $0.90 per common share for 10 consecutive trading days, the company may give notice to the holders that each Warrant will expire 30 days from the date of providing such notice. All securities issued bear a legend restricting resale until December 3, 2012.
A finder's fee of 7% cash, 7% finder's warrants and/or 8% cash will be paid on a portion of the placement. The foregoing is subject to regulatory approval.
The Company would like to thank its shareholders for their continued support.
About Freegold Ventures Limited
Freegold is a TSX listed company focused on the exploration of gold projects in Alaska. In addition to the Golden Summit Gold Project, the company holds a 100% in lease interest in the Rob Gold Project near the Pogo Gold Mine in the Goodpaster Mining District of Alaska and has an exploration agreement with option to lease the Vinasale Gold project in central Alaska.
Kristina Walcott-President and CEO
Telephone: 1.604.662.7307
jkw@freegoldventures.com
VANCOUVER, Oct. 11, 2012 /CNW/ - Freegold Ventures Limited (TSX: FVL) (Frankfurt: FR4N) ("Freegold") is pleased to report the results from its drill program on the Golden Summit Project located near Fairbanks, Alaska. Drilling at Golden Summit was conducted with two rigs from mid January through mid-April with one rig operating from mid May until the end of September at which point drilling ceased in order to complete the upcoming resource calculation. Drilling has been primarily focused in the Dolphin and Cleary Hill Areas.
To date a total of approximately 38,357 metres have been drilled in the Dolphin/Cleary Hill areas of which 11,802 metres have been incorporated into the current NI 43-101 compliant resource at Dolphin. All drilling will be incorporated into the updated NI 43-101 resource which is expected to be completed in the near term.
Hole GSDL1219, collared in the western area of the Dolphin deposit intersected 290.3 metres grading 0.67 g/t Au and was drilled to a depth of 1975 feet (602 metres). GSDL1219 and GSDL1223 are the two most westerly deep holes drilled on the Dolphin Deposit. HoleGSDL1223 was drilled 200 metres to the south-southwest of GSDL1219.
Hole GSDL1224 was drilled to a depth of 2000 feet (610 metres) in the eastern area of the Dolphin deposit. The hole was mineralized from top to bottom and averaged 0.57 g/t Au over the entire 606.2 metres that were sampled. This hole is the deepest hole drilled to date at Dolphin and shows continuity of mineralization to depth.
Width refers to drill hole intercepts, true widths can not be determined due to uncertain geometry of mineralization. All assays reported are uncut.
The current NI 43-101 resource at Dolphin was updated in December 2011 which using a 0.35 g/t cutoff, is 14,840,000 tonnes @ 0.66 g/t Au - represents 316,000 ounces in the indicated category and 50,460,000 tonnes @ 0.61 g/t Au - and represents 991,000 ounces in the inferred category.
Results from the drill program continue to demonstrate the significant expansion potential of the Dolphin/Cleary Hill resource areas. 9,714 metres have been drilled in the Dolphin Zone since January of which assays for 9,373 metres have now been reported. 5,203 meters have been drilled in the Cleary Zone since January of which assays for 3,856 have now been reported.
The Qualified Person who has reviewed the technical disclosure contained in this release is Curtis J. Freeman, M.Sc., PGeo who is the primary geological consultant for the project.
Drill cores were cut in half using a diamond saw, with one-half placed in sealed bags for geochemical analysis. Core samples were picked up on-site by Acme Analytical Lab and transported to their facility in Fairbanks, Alaska. A sample quality control/quality assurance program was implemented.
Link: http://www.newswire.ca/en/story/1051387/...lden-summit-project-alaska
October 31st, 2012 (Vancouver, BC) -- Freegold Ventures Limited (TSX: FVL, Frankfurt: FR4N) ("Freegold") is pleased to report the results of a NI 43-101 compliant Mineral Resource estimate recently completed on the Golden Summit Project located near Fairbanks, Alaska. The resource estimate was completed by Giroux Consultants Ltd. of Vancouver, BC, Canada.
31. Oktober 2012 (Vancouver, BC) – Freegold Ventures Limited (TSX: FVL, Frankfurt: FR4N) („Freegold“) ist erfreut, die Ergebnisse einer NI 43-101-konformen Mineralressourcenschätzung, die vor kurzem für das Projekt Golden Summit in der Nähe von Fairbanks (Alaska) angefertigt wurde, zu melden. Die Ressourcenschätzung wurde von Giroux Consultants Ltd. aus Vancouver (BC, Kanada) angefertigt. Die angezeigte und abgeleitete Ressource unter Anwendung von Cutoff-Gehalten von 0,3 und 0,35 Gramm pro Tonne (g/t) verhält sich wie folgt:
ANGEZEIGTE RESSOURCE IN DER ZONE DOLPHIN
Zur Ansicht der vollständigen Pressemeldung folgen Sie bitte dem Link:
http://www.irw-press.com/dokumente/FreegoldVentures_021112_German.pdf
Das Volumen des mineralisierten Erzkörpers bei Dolphin ist im Vergleich zu demjenigen, der bei der Schätzung 2011 verwendet wurde, um 254 % gestiegen (Adams, Giroux, 2012). Er wurde in die Tiefe und nach Nordosten erweitert, um das Gebiet Cleary Hill miteinzubeziehen. Diese Aktualisierung der NI 43-101-konformen Ressourcenschätzung, die im Januar 2012 gemeldet wurde (Adams und Giroux, 2012), beruhte auf weiteren 74 Bohrungen, die 2012 niedergebracht wurden, sowie einer Erweiterung der mineralisierten Zone nach Norden und Osten. Folglich stieg die Anzahl der Bohrungen innerhalb des mineralisierten Körpers von 77 (11.802 Meter), die in der Schätzung 2011 verwendet wurden, auf 177 (35.829 Meter) für diese Aktualisierung.
Die Ressource wurde mittels eines Blockmodells mit Blöcken von 10 Metern auf 10 Metern auf 5 Metern, die unter Anwendung einer Kombination an gewöhnlichem Kriging und sogenanntem Indicator Kriging interpoliert wurden, berechnet. Die Blöcke innerhalb des Erzkörpers Dolphin wurden zusammengerechnet, um den Gesamttonnengehalt und Durchschnittserzgehalt zu bestimmen. In den nachstehenden Tabellen wurden die Cutoff-Gehalte von 0,30 g/t und 0,35 g/t als mögliche Cutoff-Gehalte für einen Tagebau hervorgehoben. Bei der Bestimmung der Cutoff-Gehalte wurden keine wirtschaftlichen Parameter angewendet.
ANGEZEIGTE RESSOURCE IN DER ZONE DOLPHIN
Zur Ansicht der vollständigen Pressemeldung folgen Sie bitte dem Link:
http://www.irw-press.com/dokumente/FreegoldVentures_021112_German.pdf
ABGELEITETE RESSOURCE IN DER ZONE DOLPHIN
Zur Ansicht der vollständigen Pressemeldung folgen Sie bitte dem Link:
http://www.irw-press.com/dokumente/FreegoldVentures_021112_German.pdf