Announcement Date: 2022-03-21
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Freegold Ventures Ltd.
Project name: Golden Summit
Location: United States
Commodities: Gold
Highlight: Drilling results incl. 249.9m @ 1.05g/t Au from 296m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, March 21, 2022 – Freegold Ventures Limited (Freegold) (FVL: TSX, OTCQX: FGOVF) reports results from its ongoing exploration project at Golden Summit, located near Fairbanks, Alaska. Results continue to validate Freegold’s model that the Cleary Vein System (CVS) grade increases and broadens at depth as it gets closer to the Dolphin intrusive. Hosted within a structurally complex environment, the interpreted CVS is a zone of veins, veinlets, and stockwork zones hosted within the surrounding schist, which is interpreted to be the down-dip extent of the high-grade veins zones found within the historical high-grade Cleary, Colorado, Wackwitz, and Wyoming veins, which together with their broader enveloping stockwork zones have the potential to significantly expand the existing resource through both increased tonnage and grade. Within these wide zones of higher-grade mineralization, numerous high-grade intercepts occur within the broader zones, and oriented core is being utilized to define further and isolate these high grades.
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