Freegold Ventures Ltd. Signs Memorandum of Understanding with Alaska's Large Mine Permit Team Golden Summit Project, Alaska
Jan 7 14
Freegold Ventures Limited announced it has signed a memorandum of understanding with the Alaska Department of Natural Resources, Office of Project Management and Permitting for engagement with the State's Large Mine Permitting Team. The Large Mine Permitting Team offers multi-disciplinary expertise and is involved from pre-permitting to post-closure of mines. As Freegold moves into the preliminary economic assessment (PEA) stage of evaluation the engagement of the LMPT represents the next logical step in order to ensure the orderly development of the Golden Summit Project. Requests for Proposals for the completion of a PEA have been sent out to various engineering companies and Freegold expects to award the PEA contract in the near term with the aim of having the study completed during 2014.
Freegold Ventures Ltd. Presents at Mines & Money London 2013, Dec-01-2013 03:30 PM
Nov 28 13
Freegold Ventures Ltd. Presents at Mines & Money London 2013, Dec-01-2013 03:30 PM. Venue: Business Design Centre, 52 Upper Street, Islington, London N1 0QH, United Kingdom. Speakers: J. Kristina Walcott, Chief Executive Officer, President and Director.
Freegold Provides 2013 Exploration Update
Sep 23 13
Freegold Ventures Limited provided an update on its 2013 exploration efforts to date. Over past 12 months to date 5,138 meters (16,850 feet) of drilling has been completed at Golden Summit in 2013. In June Freegold updated it's current resource to include 8 of holes drilled during the Winter 2013 program. This limited drill program (3,172 meters) (11,392 feet) increased the indicated resource and inferred resource by 9 % in categories. The primary purpose of the June update was to provide an oxide component to the current resource. The current Golden Summit resource using a 0.30 g/t cut off is 79,800,000 tons grading 0.66 g/t Au in the indicated category for contained ounces of 1,683,000 and 248,060,000 tons grading 0.61 g/t Au for contained ounces of 4,841,000. The oxide component using a 0.20 g/t cuff off is 25,026,200 tons grading 0.55 g/t Au for contained ounces of 439,000 and 16,620,510 tons grading 0.47 g/t Au for contained ounces of 253,000. A further three holes for a total of 1,666,5 meters (5,468.5 feet) were drilled during July and August. Drilling during this program was aimed at expanding and infilling the deposit to the north and south. Hole GSDL 1311 drilled to the south was the first hole drilled during the summer program. It intersected 180 meters grading 1.13 g/t gold and averaged 0.82 gt/over the entire 585.5 meters which is one of the best higher grade intercepts drilled on the project to date. Holes GSDL1312 and 1313 were collared within the centre of the Dolphin Deposit and were aimed at testing the deposit to the north where limited drilling has been done and multi -ounce gold bearing veins crop out at surface. Again several significant higher-grade intervals were encountered with several of the intervals containing coarse gold. Of particular significance were the 27.13 meters grading 3.0 g/t and 8.53 meters grading 7.49 g/t gold in hole 1312, 27.79 meters grading 1.15 g/t gold over 21.79 meters and 26.82 meters grading 1.39 g/t in DL1313. To the north of the currently defined Dolphin deposit lies a northeast-trending, south dipping vein swarm containing multiple high grade gold-quartz veins which were mined at several locations by underground methods prior to 1942. The most prominent of these veins, the Tolovana vein, extends for at least 700 meters across the north end of the Dolphin deposit. Gold production from this vein has been limited (approx. 5,000 ounces) however it is noted for its extremely high grade, with published production grades from 1912 ranging from 34 to 171 gpt. The Tolovana vein, along with the high grade Scheuyemere and Parenteau veins, all form part of a swarm of subparallel high grade gold-bearing veins hosted in quartz-sericite-sulfide-bearing schist which extend over a true width of approximately 100 meters north-south. Limited recent exploration had been conducted on the Tolovana vein swarm until Freegold conducted a rotary air blast drilling program in 2007 and 2008 along a 300-meter portion of the center of this vein swarm. This drilling returned significant grade thickness intervals suggesting potential for near-surface bulk tonnage mineralization within the vein swarm. Past underground workings on the Tolovana vein swarm extend only 200 feet below surface, however, core drilling conducted by Freegold in 2013 extended high grade gold mineralization on the Tolovana vein swarm to at least 450 meters below surface and mineralization remains open to depth and along strike in both directions. Freegold intends to conduct additional drilling along the Tolovana vein swarm with the intention of pulling these higher grade ounces into its existing Dolphin-Cleary Hill resource base.