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Freegold to Attend Denver Gold Forum -
Freegold is also pleased to announce that it has been selected
to attend the Denver Gold Group's Gold Forum
as an "Up & Coming" company at its Forum on September 23
to 26th.
http://www.denvergold.org/i4a/pages/Index.cfm?pageID=3284
This invitation-only conference is internationally regarded
as one of the world's most prestigious precious metals
investment forums, attended by major global fund and
portfolio managers, institutional investors and analysts.
Apart from its attendance at the conference,
Freegold will also be co-sponsoring the Up & Coming
Reception held on Tuesday, September 25th from 6 to 9 p.m.
at the Denver Art Museum.
The Qualified Person for this release is
Michael P. Gross, M.S., P. Geo., VP Exploration,
Freegold Ventures Limited.
About Freegold Ventures Limited
Freegold Ventures Limited
is a North American exploration and development company
with a new management team experienced in mine development
and production that is actively exploring advanced-stage
gold projects in Idaho and Alaska.
Freegold holds a 100% lease interest in
the Almaden gold project in Idaho.
This large tonnage epithermal gold deposit was the subject
of a feasibility study in 1997 calling for the development
of a 95,000 oz/year open pit, heap leach mine.
Freegold is currently finalizing a 41,000-foot drilling
program aimed at further expanding the size of the
resource prior to undertaking new economic evaluations
in 2007.
Drilling at depth and to the north and south of the known
mineralization is continuing to identify new extensions
to the deposit.
Freegold is continuing to discover new high-grade veins
and bulk tonnage shear zones in its 25,000-foot drill
program at its -
Golden Summit project outside Fairbanks, Alaska.
Gold production from the processing of an initial
10,000-ton bulk sample collected in the fall of 2006,
along with additional bulk sampling/processing of
additional areas containing surface high grade gold
mineralization will commence shortly.
Drilling to outline larger, lower grade bulk tonnage targets
on the property will continue throughout the year.
In addition to its Vinasale project,
Freegold has also commenced exploration on its
Rob property in east-central Alaska,
and has just completed drilling on the first two high-grade
gold targets.
On behalf of the Board of Directors
"Steve Manz"
Steve Manz
President and C.E.O.
The TSX has neither approved nor disapproved the contents of this news
release. CUSIP: 45953B107
For further information
Kristina Walcott - VP Corporate Development,
(604) 685-1870,
1-800-667-1870,
jkw@freegoldventures.com
http://www.freegoldventures.com/s/Home.asp
Source: Freegold Ventures Limited
Freegold Completes Commissioning of Golden Summit Processing Plant
Thursday September 13, 8:24 am ET
TSX: ITF, OTC BB: FGOVF, Frankfurt: FR4
VANCOUVER, Sept. 13 /CNW/ -
Freegold Ventures Limited
(the "Company"), is pleased to announce that it has completed
the commissioning of its 1,200 ton per day plant at
the Golden Summit project outside Fairbanks, Alaska,
and that the first of the stockpiled material is currently
being processed through this gravity-based circuit.
During this plant commissioning phase, the Company has
continued to collect new bulk-sample material and has
drilled an additional 147 shallow exploratory holes at
various locations throughout the 5,000 feet of known
strike length of gold mineralization in
the Cleary Hill area.
http://biz.yahoo.com/cnw/070913/freegld_process_plant.html?.v=1&printer=1
Freegold's self-contained and fully mobile plant is designed to generate gold recoveries in excess of 70% from the processing of bulk sample material without the use of chemicals. The plant consists of a mobile crushing plant, and a three-stage gravity circuit using variable sized Knelson concentrators that will produce a directly saleable gold concentrate. The plant's modular nature permits easy modification of both the flow sheet and plant configuration in order to meet the changing ore characteristics at Golden Summit or other properties where the plant may be installed. The Company has also established a portable metallurgical lab on site. This lab will allow the operators to monitor production feed-grades and recoveries using a laboratory-scale Knelson concentrator that allows for the rapid detection and quantification of visible gold in a sample.
The initial feed that is being used to optimize the plant in advance of the bulk sample processing consists of approximately 3,000 tons of mineralized dump material collected from the old Cleary Hill and Penrose mine portals. While the grade of this mine dump material is not known, work by Freegold this summer confirmed the presence of visible gold in dump material from a variety of sample locations. Historical, non 43-101 compliant, sampling suggests that the grade of the dump material ranges between 0.15 and 0.25 oz/ton (5.1 to 8.6 g/tonne). In the event that the grade of the processed material proves economic, Freegold will process the remaining 35,000 tons of dump material.
After the completion of the plant optimization, the plant will begin processing the 10,000 ton bulk sample collected last fall. This material has been segregated into eight stockpiles based on location and ore type, and will be processed in separate batches. In order to determine gold grades and recovery, each stockpile will initially be weighed and sampled at the feed end, with additional samples taken from the tailings stream and gold concentrate. Once the original bulk samples have been processed, the plant will then process the next 8,000 tons from mineralized material recently excavated and stockpiled from the Beistline shaft and eastern Cleary Hill mine areas. A minimum of 25,000 tons of material is expected to be sampled and fed through the plant over the next two months before processing is suspended for the winter season.
The combination of RAB drilling and new bulk sampling continues to establish the continuity of the high grade structures on the eastern end of the Cleary Hill mine area. As was reported on July 31, 2007, a new swarm of parallel veins and shear zones hosting high-grade surface gold mineralization was uncovered in the Beistline shaft area. A total of 4 parallel east-west structures were identified over the 175 foot width of hanging wall that had been uncovered at that time. Ongoing bulk sampling has now traced the first two of these structures over a length of 800 feet to the area of Fence 2 drilling. Lab analyses on recently excavated bulk sample material continues to show visible gold hosted in rocks within the main structures as well as in the 75-foot wide bleed zone between the parallel B and B1 structures, where 3-foot long vertical channel samples last fall returned grades as high as 18 oz/ton (617 g/tonne) and 1.9 oz/ton (65 g/tonne).
Bulk sampling along the north-south oriented drill Fence 1, a further 700 feet west of Fence 2, has again encountered the strike extension of the B and B1 structures. Additional mineralized structures were also encountered in the hanging wall of the B1. One of these structures contains a mottled gray quartz vein containing visible gold. This vein appears to be similar in appearance to, and occurs on the strike projection of the Wackwitz vein from its last known exposure 250 feet further west. These additional veins run parallel to the main Beistline structure, dip 50 to 65 degrees to the south, and are often linked by north-dipping mineralized structures containing bleed-type gold mineralization.
In addition to the bulk sampling, Freegold continued with its RAB drill program throughout the summer. Given the success that this shallow, close-spaced drilling had in identifying and correlating mineralized structures and shear zones in the Cleary Hill area over the past nine months, the Company elected to expand the size of the program from its initial 25,000 feet of drilling. An additional 147 holes (11,212 feet) were drilled since the holes reported on July 31, 2007 were completed, bringing the total number of holes to 674 (40,093 feet). These latest holes have been grouped into 12 fences, two of which were located in the Cleary Hill area, and 10 of which were in the Tolovana area on the western end of the 5,000 foot long zone. Results from these new holes will be reported shortly. The RAB drilling has been suspended for the time being to allow the remaining assays to be received and to allow time for further analysis of the data. Additional drilling to further extend the strike length of these vein swarms beyond the current known eastern (Beistline) and western (Tolovana) limits may be undertaken this winter. In addition, the Company is currently planning its next phase of exploration, which will include the systematic drilling of deeper holes for resource generation purposes.
Freegold Office Relocation
Freegold also wishes to announce that it has moved its head office. The Company is now located at 1750 - 700 West Georgia Street, P.O. Box 10056, Vancouver, BC, V7Y 1B6. The new telephone number is (604) 662-7307 and the new fax number is (604) 662-3791. All e-mail contacts remain the same.
The Qualified Person for this release is Michael P. Gross, M.S., P. Geo., VP Exploration, Freegold Ventures Limited.
About Freegold Ventures Limited
Freegold Ventures Limited is a North American exploration and development company with a new management team experienced in mine development and production that is actively exploring advanced-stage gold projects in Idaho and Alaska. Freegold holds a 100% lease interest in the Almaden gold project in Idaho. This large tonnage epithermal gold deposit was the subject of a feasibility study in 1997 calling for the development of a 95,000 oz/year open pit, heap leach mine. Freegold is currently finalizing a 41,000-foot drilling program aimed at further expanding the size of the resource prior to undertaking new economic evaluations in 2007. Drilling at depth and to the north and south of the known mineralization is continuing to identify new extensions to the deposit. In addition to the activities being undertaken at Golden Summit, the Company has also commenced exploration on its Vinasale and Rob properties in Alaska, and is currently awaiting final assays from an 18-hole drill program at Rob.
On behalf of the Board of Directors
"Steve Manz"
Steve Manz
President and C.E.O.
The TSX has neither approved nor disapproved the contents of this news
release. CUSIP: 45953B107
DISCLAIMER
This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information
Kristina Walcott, VP Corporate Development, (604) 662-7307, jkw@freegoldventures.com
Source: Freegold Ventures Limited
http://biz.yahoo.com/cnw/070913/freegld_process_plant.html?.v=1&printer=1
Freegold Drilling Hits 50.2 g/t, 34.8 g/t, and 21.9 g/t Au
in Significant Beistline Area Expansion at Golden Summit
Tuesday July 31, 3:01 am ET
VANCOUVER, July 31 /CNW/ -
Freegold Ventures Limited -
(the "Company") is pleased to announce the discovery of a new
swarm of parallel veins and shear zones hosting high-grade
surface gold mineralization on the eastern end of
the Cleary Hill area at the Golden Summit project
outside Fairbanks, Alaska.
Recent drilling and bulk sampling in the area of the Beistline
shaft has identified 4 parallel east-west trending structures
to date over a width of 175 feet.
Two of the structures have been traced over a strike length
of 860 feet and remain open in both directions.
Significant gold mineralization has also been intersected
between the first two structures in the form of linking
shears and ladder structures.
Results from the 2006 trenching suggest that this new vein
swarm may extend up to 400 feet in width, and represents
an attractive target for the delineation of bulk tonnage
gold mineralization, similar to the multiple 150 to
300 foot wide vein/shear systems identified in shallow,
closed spaced drilling over a 5,000 foot strike length
further to the west.
The high-grade mineralization intersected in recent drilling
in this area is currently being bulk sampled and stockpiled
and will be added to the plant feed this fall once the
Company's on-site 1,200 ton per day gravity plant is fully
commissioned within the coming weeks.
Bulk sampling in this Beistline area in the fall of 2006 consisted of the extraction of approximately 2,800 tons of material from the main Beistline structure, and an additional 3,300 tons of bleed mineralization, which was collected principally from the hanging wall of this same structure. The final excavation in this area was a sample pit approximately 300 feet long, 30 feet wide and 30 feet deep. These 6,100 tons (in addition to 3,900 tons collected from 6 other areas on the property) are expected to be crushed, sampled and processed in August.
The first new extension of mineralization in this area was identified during the recent construction of a ramp into the previous pit area. This ramp uncovered the main Beistline structure over an additional 560 feet of strike length to the west with no visible offset by crossing faults. In order to determine gold grades within this 65 degree dipping structure and within the immediate hanging wall, a series of shallow vertical holes were drilled on 10-foot spacing, to a maximum depth of 78 feet. These holes, which tested the first 300 foot westward extension of the main structure from the previous pit limit, successfully intersected numerous high-grade zones in the 10 g/t to 50 g/t range, which were often surrounded by wider zones of lower grade mineralization. Significant assays from the drilling which tested the Beistline structure include:
-------------------------------------------------------------------------
Thick- Gold Gold
Hole From To ness Grade Grade
Number (foot) (foot) (feet) (g/tonne) (oz/ton) Description
-------------------------------------------------------------------------
447 12 27 15 16.13 0.47 Beistline hanging wall
-------------------------------------------------------------------------
including 15 27 12 19.55 0.57 Beistline hanging wall
-------------------------------------------------------------------------
including 24 27 3 50.15 1.46 Beistline hanging wall
-------------------------------------------------------------------------
449 0 78 78 1.95 0.06 Beistline hanging wall
-------------------------------------------------------------------------
including 3 33 30 4.42 0.13 Beistline hanging wall
-------------------------------------------------------------------------
including 15 21 6 15.81 0.46 Beistline hanging wall
-------------------------------------------------------------------------
450 0 78 78 1.52 0.04 Beistline hanging wall
-------------------------------------------------------------------------
including 3 24 21 4.62 0.13 Beistline hanging wall
-------------------------------------------------------------------------
including 15 21 6 12.66 0.37 Beistline hanging wall
-------------------------------------------------------------------------
451 0 78 78 1.68 0.05 Beistline hanging wall
-------------------------------------------------------------------------
including 0 27 27 4.17 0.12 Beistline hanging wall
-------------------------------------------------------------------------
Including 15 18 3 21.88 0.64 Beistline hanging wall
-------------------------------------------------------------------------
453 3 6 3 11.13 0.32 Beistline hanging wall
-------------------------------------------------------------------------
454 0 78 78 2.08 0.06 Beistline hanging wall
-------------------------------------------------------------------------
Including 0 6 6 14.68 0.43 Beistline hanging wall
-------------------------------------------------------------------------
Including 21 30 9 5.27 0.15 Beistline hanging wall
-------------------------------------------------------------------------
455 0 78 78 1.81 0.05 Beistline hanging wall
-------------------------------------------------------------------------
Including 24 27 3 34.80 1.02 Beistline hanging wall
-------------------------------------------------------------------------
456 6 9 3 12.95 0.38 Beistline hanging wall
-------------------------------------------------------------------------
473 0 12 12 2.74 0.08 Beistline hanging wall
-------------------------------------------------------------------------
474 0 12 12 2.28 0.07 Beistline hanging wall
-------------------------------------------------------------------------
Previous drilling from Fence 9 (reported on July 11, 2007) intersected 33.95 g/t and 22.65 g/t over 3-foot intervals in holes 347 and 350. These intercepts coincide with a 15 foot-wide surface channel sample, which averaged 22.3 g/t last year in this same area, with the center 5-foot sample returning 53.93 g/t. This was originally interpreted as further bleeding of mineralization from the main Beistline structure. Excavation of the first cut of a new larger bulk sample pit has now identified four separate structures (Beistline, B1, B2 and B3) within the 200-foot wide area cleared to date, and the Fence 9 drilling is now seen to have intersected the separate B2 structure which has now been traced in drill holes and surface exposures over a strike length of 375 feet.
Drill results from additional shallow drilling that tested the gold mineralization within the B1 structure, located approximately 73 feet further south from the main Beistline structure, just outside the limits of the initial bulk sample, pit have now been received. In addition to mineralization within the B1 structure, which ranges in true width from 1 to over 8.5 feet, additional gold mineralization was intersected in shears and ladder structures that appear to link the Beistline and B1 structures. These are believed to be tension openings caused by the stronger faulting localized on these two structures. Significant assays that tested the mineralization in this area include:
-------------------------------------------------------------------------
Thick- Gold Gold
Hole From To ness Grade Grade
Number (foot) (foot) (feet) (g/tonne) (oz/ton) Description
-------------------------------------------------------------------------
399 54 57 3 10.38 0.30 Bleed between
Beistline and B1
-------------------------------------------------------------------------
400 45 57 12 2.06 0.06 Bleed between
Beistline and B1
-------------------------------------------------------------------------
401 18 30 12 3.79 0.11 Bleed between
Beistline and B1
-------------------------------------------------------------------------
402 15 45 30 3.47 0.10 Bleed between
Beistline and B1
-------------------------------------------------------------------------
Including 18 27 9 5.30 0.15 Bleed between
Beistline and B1
-------------------------------------------------------------------------
403 15 39 24 3.22 0.09 Bleed between
Beistline and B1
-------------------------------------------------------------------------
Including 30 33 3 16.10 0.47 Bleed between
Beistline and B1
-------------------------------------------------------------------------
404 0 42 42 1.23 0.04 Bleed between
Beistline and B1
-------------------------------------------------------------------------
405 0 33 33 1.80 0.05 Bleed between
Beistline and B1
-------------------------------------------------------------------------
426 60 78 18 1.49 0.04 Bleed between
Beistline and B1
-------------------------------------------------------------------------
448 0 21 21 3.85 0.11 Bleed between
Beistline and B1
-------------------------------------------------------------------------
Including 12 18 6 11.00 0.32 Bleed between
Beistline and B1
-------------------------------------------------------------------------
420 0 18 18 4.76 0.14 B1 structure
-------------------------------------------------------------------------
421 3 21 18 2.36 0.07 B1 structure
-------------------------------------------------------------------------
424 18 27 9 2.79 0.08 B1 structure
-------------------------------------------------------------------------
436 15 36 21 1.55 0.05 B1 structure
-------------------------------------------------------------------------
437 15 36 21 1.31 0.04 B1 structure
-------------------------------------------------------------------------
438 15 33 18 1.63 0.05 B1 structure
-------------------------------------------------------------------------
439 12 27 15 1.70 0.05 B1 structure
-------------------------------------------------------------------------
During the stripping of overburden a further 100 feet south of drill Fence 9, a fourth structure (B3) has been partially uncovered over a length of 250 feet. This structure also appears to strike parallel to the main Beistline structure. Shallow bulk sample definition drilling in this area is expected to commence in late September, following the completion of step-out drilling currently being undertaken in the Tolovana area, following up on the positive drill results reported on June 11, 2007.
Gold mineralization in this eastern end of the historic Cleary Hill mine area remains open in all directions, with the main Beistline and B1 structures having been traced with drill holes, trenching, bulk sample excavation, and stripping over a distance of 860 feet. While the current geological model has gold mineralization hosted in a series of parallel structures similar to the Wackwitz-Currey vein swarm south of the old Cleary Hill mine workings, it is unclear how far south these repetitive Beistline area structures may extend.
Freegold President and C.E.O. Steve Manz stated "With this latest discovery of a new vein swarm on the eastern end of the Cleary Hill system, and the identification to date of multiple 100 to 300 foot wide mineralized zones that have been traced over a minimum of 5,000 feet of strike length, Golden Summit continues to grow as a property capable of hosting large tonnages of bulk mineable gold mineralization. While the shallow drilling and bulk sampling programs are instrumental in building our knowledge base, and while the commencement of our first gold production and cash flow from the property is an ideal way to capitalize on the extensive high grade gold mineralization that we have been steadily discovering at surface, we believe that the true potential of the project will be brought out with the initiation of systematic deeper drilling for resource building purposes that we are intending to commence this fall."
Drilling is currently being conducted with an Ingersol-Rand conventional percussion drill. Cuttings are returned up the drill hole with the use of an OEM vacuum drill cuttings collector, and are dropped from a cyclone directly into a sample bag. Samples are collected every three feet, with the drill bit being pulled off the bottom and the hole cleaned at the completion of each sample interval. Freegold maintains a geologist and sampler at the drill rig for all drilling to take and log all samples to insure that quality assurance and control procedures are in accordance with 43-101 requirements. One duplicate assay is being conducted in every drill hole and either a blank or a standard is inserted in the sample stream every 10 samples. Alaska Assay Laboratories in Fairbanks, Alaska is being used to analyze the drill cuttings for gold via fire assay analysis plus multi element ICP-AES and ICP-MS analysis using 4 acid digestion.
The Qualified Person for this release is Michael P. Gross, M.S., P. Geo., VP Exploration, Freegold Ventures Limited.
About Freegold Ventures Limited
Freegold Ventures Limited is a North American exploration and development company with a new management team experienced in mine development and production that is actively exploring advanced-stage gold projects in Idaho and Alaska. Freegold holds a 100% lease interest in the Almaden gold project in Idaho. This large tonnage epithermal gold deposit was the subject of a feasibility study in 1997 calling for the development of a 95,000 oz/year open pit, heap leach mine. Freegold is currently finalizing a 34,000-foot drilling program aimed at further expanding the size of the resource prior to undertaking new economic evaluations in 2007. Drilling at depth and to the north and south of the known mineralization is continuing to identify new extensions to the deposit. Freegold is continuing to discover new high-grade veins and bulk tonnage shear zones in its 25,000-foot drill program at its Golden Summit project outside Fairbanks, Alaska. Gold production from the processing of an initial 10,000-ton bulk sample collected in the fall of 2006, along with additional bulk sampling/processing of additional areas containing surface high grade gold mineralization will commence shortly. Drilling to outline larger, lower grade bulk tonnage targets on the property will continue throughout the year. Freegold has also optioned the Vinasale Gold Deposit in Alaska, from Doyon, Limited, where geophysical, mapping and sampling programs will be carried out on the property in 2007.
On behalf of the Board of Directors
"Steve Manz"
Steve Manz
President and C.E.O.
The TSX has neither approved nor disapproved the contents of this news
release. CUSIP: 45953B107
DISCLAIMER
This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information
Kristina Walcott -
VP Corporate Development,
(604) 685-1870,
1-800-667-1870,
jkw@freegoldventures.com
http://biz.yahoo.com/cnw/070731/freegold_ventures_ltd.html?.v=1&printer=1
http://www.investorshub.com/boards/board.asp?board_id=6526
http://siliconinvestor.advfn.com/subject.aspx?subjectid=57008
Source: Freegold Ventures Limited
Freegold Receives Final Permits for Commencement of Gold - Processing Operations at Golden Summit -
Monday July 16, 8:58 am ET
TSX: ITF, OTC BB: FGOVF, Frankfurt: FR4
http://www.freegoldventures.com
VANCOUVER, July 16 /CNW/ -
Freegold Ventures Limited -
(the "Company") is pleased to announce that it has received
all of the necessary permits required to commence the on-site
processing of bulk sampled high-grade surface gold
mineralization at the Company's Golden Summit property
outside Fairbanks, Alaska.
In addition to processing and recovering the gold
contained within the 10,000 tons of vein material
excavated and stockpiled last fall, the new permits
also allow for the on-going collection and processing
of an additional 50,000 cubic yards (approximately 108,000
tons of rock) per year of bulk sampled material on
the site through May 2012.
These 5-year permits include a small mine permit issued by
the Alaska Department of Natural Resources which covers
the installation and operation of the Company's chemical
free, gravity-based processing plant, along with water
usage, tailings storage and site reclamation activities.
The Company has also received final approval of a Hard
Rock Exploration permit covering BLM claims on the western
end of the property.
This permit covers additional trenching, drilling, bulk -
sampling and reclamation activities in -
the Cleary Hill mine area -
as well as on the recently drilled Tolovana (Fence 6) and
the prospective Newsboy and Newsboy Extension areas.
Agencies which were involved in the issuance of these
permits included the Alaska Department of Natural
Resources, the Alaska Department of Fish and Game,
the Alaska Department of Environmental Conservation,
the U.S. Army Corps of Engineers and the U.S Bureau of
Land Management.
The Qualified Person for this release is Michael P. Gross,
M.S., P. Geo., VP Exploration, Freegold Ventures Limited.
About Freegold Ventures Limited
Freegold Ventures Limited
is a North American exploration and development company
with a new management team experienced in mine development
and production that is actively exploring advanced-stage
gold projects in Idaho and Alaska.
Freegold holds a 100% lease interest in
the Almaden gold project in Idaho.
This large tonnage epithermal gold deposit was the subject
of a feasibility study in 1997 calling for the development
of a 95,000 oz/year open pit, heap leach mine.
Freegold is currently finalizing a 34,000-foot drilling
program aimed at further expanding the size of the resource
prior to undertaking new economic evaluations in 2007.
Drilling at depth and to the north and south of the known mineralization is continuing to identify new extensions to the deposit. Freegold is continuing to discover new high-grade veins and bulk tonnage shear zones in its 25,000-foot drill program at its Golden Summit project outside Fairbanks, Alaska. Gold production from the processing of an initial 10,000-ton bulk sample collected in the fall of 2006, along with additional bulk sampling/processing of additional areas containing surface high grade gold mineralization will commence shortly. Drilling to outline larger, lower grade bulk tonnage targets on the property will continue throughout the year. Freegold has also optioned the Vinasale Gold Deposit in Alaska, from Doyon, Limited, where geophysical, mapping and sampling programs will be carried out on the property in 2007.
On behalf of the Board of Directors
"Steve Manz"
Steve Manz
President and C.E.O.
The TSX has neither approved nor disapproved the contents of this news release. CUSIP: 45953B107
DISCLAIMER
This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information
Kristina Walcott -
VP Corporate Development,
(604) 685-1870,
(800) 667-1870,
jkw@freegoldventures.com
Source: Freegold Ventures Limited
http://biz.yahoo.com/cnw/070716/freegold_finalpermits.html?.v=1
http://www.investorshub.com/boards/board.asp?board_id=6526
http://siliconinvestor.advfn.com/subject.aspx?subjectid=57008
Freegold Reports Additional Almaden Holes - Significant Moly Grades Intersected in North Zones
TSX: ITF, OTC BB: FGOVF, Frankfurt: FR4 http://www.freegoldventures.com
VANCOUVER, July 9 /PRNewswire-FirstCall/ -
Freegold Ventures Limited -
(the 'Company') is pleased to provide assay results from an
additional 12 holes drilled as part of its 34,000-foot
resource expansion drill program currently in-progress at
the Company's 100% controlled Almaden gold project
in southwestern Idaho.
Two of the holes were located in the north part of the Main Zone to test gold mineralization in proximity to newly mapped feeder zones. The remaining ten holes were designed to in-fill the wider spaced holes and to test the eastern limits of mineralization in the smaller, lower grade North Zone. The current drilling has also started to intersect significant and more uniform quantities of molybdenum in the northern parts of the Main Zone and in the North Zone. Previous drill holes in these zones were not assayed for molybdenum historically. The Company is still evaluating the significance of these molybdenum occurrences in relation to the genesis and configuration of the gold mineralization.
Holes 692 (RC) and C-65 (core) were drilled vertically within the northwest extension of the Main Zone and provide true widths of the mineralization that is hosted within the generally flat-lying sediments. Hole 692 is located 120 feet further NNW of previously released hole C-63, which discovered a new fault at a depth of 570 feet, and which intersected resource-grade gold mineralization extending 540 feet in the hanging wall of this fault. Hole 692 appears to be located in the same structural hanging wall and the same brecciated and silicified rocks as those intersected in C-63.
Hole C-65, located in the north part of the Main Zone between two of the central feeder structures initially intersected a 45-foot thick section of clay alteration that appears to be a cap above the hydrothermal structures. Good intervals of resource-grade mineralization were intersected below this cap.
Gold mineralization in Holes 692 and C-65 extend over thicknesses in excess of 250 feet and to depths greater than 300 feet, further extending the size of the deposit which was historically drilled to only 200 feet in this area. Significant gold assays within these two holes include:
-------------------------------------------------------------------------
From To Thickness Gold Grade Gold Grade
Hole Number (foot) (foot) (feet) (oz/ton) (g/tonne)
-------------------------------------------------------------------------
692 65 325 260 0.026 0.88
-------------------------------------------------------------------------
Including 85 235 150 0.036 1.24
-------------------------------------------------------------------------
Including 145 185 40 0.049 1.69
-------------------------------------------------------------------------
C65 45 315 270 0.018 0.63
-------------------------------------------------------------------------
including 50 185 135 0.030 1.02
-------------------------------------------------------------------------
Including 55 85 30 0.048 1.64
-------------------------------------------------------------------------
Seven of the ten holes drilled in the North Zone were designed to in-fill and confirm the eastern limits of gold mineralization (RC holes 655, 670, 685, 690, 700, 701 and 703), while the remaining three were designed to in-fill areas within the zone that were historically drilled with wider spacing (RC holes 681, 702, and core hole C-77). The North Zone contains roughly 13% of the total tonnage reported in the most recent 43-101 resource calculation (March 13, 2006) with average grades 7% lower than that of the Main Zone. In general, all of the shallow in-fill holes conformed to the thicknesses and grades of nearby holes. Significant gold assays from these holes include:
-------------------------------------------------------------------------
From To Thickness Gold Grade Gold Grade
Hole Number (foot) (foot) (feet) (oz/ton) (g/tonne)
-------------------------------------------------------------------------
655 10 120 110 0.010 0.33
-------------------------------------------------------------------------
670 10 190 180 0.020 0.69
-------------------------------------------------------------------------
Including 10 125 115 0.030 1.01
-------------------------------------------------------------------------
Including 10 50 40 0.036 1.23
-------------------------------------------------------------------------
681 10 110 100 0.010 0.34
-------------------------------------------------------------------------
685 5 155 150 0.015 0.52
-------------------------------------------------------------------------
Including 5 55 50 0.021 0.70
-------------------------------------------------------------------------
701 30 110 80 0.009 0.30
-------------------------------------------------------------------------
702 5 210 205 0.016 0.53
-------------------------------------------------------------------------
Including 20 90 70 0.024 0.80
-------------------------------------------------------------------------
703 35 140 105 0.010 0.35
-------------------------------------------------------------------------
The occurrence of molybdenum in both surface and underground samples has been noted since Freegold resumed active exploration work on the Almaden Project in early 2006. While drill holes in the southern and central portions of the Main Zone had encountered molybdenum in quantities in excess of 0.015% MoS(2), these occurrences generally lacked continuity from hole to hole, with higher grades generally occurring in the proximity of feeder structures. Recent drilling in the North Zone however has encountered molybdenum in quantities as high as 0.32% MoS(2) over 5-feet. Grades in the new holes typically average between 0.03% and 0.05% MoS(2) over thicknesses in the 150 to 225 foot range, with the grade of molybdenum declining with gold grades further down the hole.
The significance of this widespread molybdenum encountered both in the North Zone and in recent drilling at the northern end of the Main Zone is uncertain at this time. The molybdenum appears to have been deposited at the same time as the gold mineralization, and it is likely that the greater complexity of block faulting in the northern portions of the deposit has led to a wider dispersion of the molybdenum in this area. Significant molybdenum assays within these northern holes include:
----------------------------------------------------------
From To Thickness Mo Grade
Hole Number (foot) (foot) (feet) (% MoS(2))
----------------------------------------------------------
655 10 200 190 0.049%
----------------------------------------------------------
Including 15 30 15 0.100%
----------------------------------------------------------
670 5 200 195 0.046%
----------------------------------------------------------
Including 30 150 120 0.070%
----------------------------------------------------------
681 10 165 155 0.064%
----------------------------------------------------------
685 5 185 180 0.060%
----------------------------------------------------------
Including 30 55 25 0.176%
----------------------------------------------------------
690 5 150 145 0.030%
----------------------------------------------------------
701 30 185 155 0.031%
----------------------------------------------------------
702 5 205 200 0.038%
----------------------------------------------------------
703 25 195 170 0.039%
----------------------------------------------------------
C42 30 120 90 0.065%
----------------------------------------------------------
Including 45 70 25 0.137%
----------------------------------------------------------
C70 95 155 60 0.050%
----------------------------------------------------------
C77 0 205 205 0.031%
----------------------------------------------------------
The strike of the numerous feeder structures that Freegold is defining in the NW portion of the Main Zone continues to remain open to the NW. Drilling continues to focus on this 2,000 to 3,000 foot wide under-explored area. Initial drilling within the Stinking Water basin area, located 1,700 feet east of the North Zone has recently been completed and assays are pending. This area was subject to wide spaced drilling by previous operators and returned some of the highest-grade gold assays within the deposit area.
Diamond drill core and RC samples are generally analysed on five-foot intervals. All samples are shipped to ALS Chemex at its Winnemucca, NV laboratory for preparation. Pulps are shipped to ALS Chemex Laboratories in Vancouver, B.C. for analysis. Gold values are determined using fire assay techniques with AA finish and multi element analysis using ICP-AES with aqua regia digestion.
The Qualified Person for this release is Michael P. Gross, M.S., P. Geo., VP Exploration, Freegold Ventures Limited.
About Freegold Ventures Limited
Freegold Ventures Limited is a North American exploration company with a new management team experienced in mine development and production that is actively exploring advanced-stage gold projects in Idaho and Alaska. Freegold holds a 100% lease interest in the Almaden gold project in Idaho. This large tonnage epithermal gold deposit was the subject of a feasibility study in 1997 calling for the development of a 95,000 oz/year open pit, heap leach mine. Freegold is currently finalizing a 34,000-foot drilling program aimed at further expanding the size of the resource prior to undertaking new economic evaluations in 2007. Drilling at depth and to the north and south of the known mineralization is continuing to identify new extensions to the deposit. Freegold is also discovering new high-grade veins and bulk tonnage shear zones in its 25,000-foot drill program at its Golden Summit project outside Fairbanks, Alaska. A 10,000-ton bulk sample collected in the fall of 2006 was successful in uncovered numerous zones of high-grade surface gold mineralization. Pending permit completion, on-site processing of this bulk sample material plus additional high-grade surface mineralization is expected to commence in late summer 2007. Freegold has also recently optioned the Vinasale Gold Deposit in Alaska, from Doyon, Limited. Geophysical, mapping and sampling programs will be carried out on the property in 2007.
On behalf of the Board of Directors
'Steve Manz'
Steve Manz
President and C.E.O.
The TSX has neither approved nor disapproved the contents of this news
release. CUSIP: 45953B107
DISCLAIMER
This news release contains certain 'Forward-Looking Statements' within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
CONTACT: Kristina Walcott -
VP Corporate Development,
(604) 685-1870,
1-800-667-1870,
jkw@freegoldventures.com
SOURCE Freegold Ventures Limited
Source: PR Newswire (July 9, 2007 - 9:01 AM EST)
News by QuoteMedia
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CONTACT:
Kristina Walcott, VP Corporate Development,
(604) 685-1870,
1-800-667-1870,
jkw@freegoldventures.com
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FREEGOLD VENTURES - higher volumes in Germany -
FREEGOLD VENTURES (Berlin:FR4.BE) -
Volume: 246,597
its still early trading -
still higher than TSE -
http://finance.yahoo.com/lookup?s=FREEGOLD+VENTURES&t=S&m=ALL
FREEGOLD VENTURES - higher volumes in Germany -
Note.
Ex.
FREEGOLD VENTURES (FR4.F) -
http://finance.yahoo.com/q?s=FR4.F
FREEGOLD VENTURES (FR4.MU) -
http://finance.yahoo.com/q?s=FR4.MU
FREEGOLD VENTURES (FR4.DE) -
http://finance.yahoo.com/q?s=FR4.DE
Gold demands higher in Germany -
they don't trust the fiatz -
Gold the only Real Money -
Well, some Gold investor in Canada knows -
Mr. McEwen is subscribing for 4.5 million units for proceeds
of C$ 5,175,000, and Sprott Asset Management, as portfolio
manager for various Sprott funds has subscribed for 900,000
units for proceeds of C$ 1,035,000.
Each unit is comprised of one common share of the Company
and one-half of one common share purchase warrant.
Each whole warrant entitles the holder to acquire one common
share for C$ 1.60 for a term of two years from the date
of closing.
In addition, the Company will be issuing an additional 100,000
units on a non-brokered basis bringing the total placement
to 5.5 million units with total proceeds of
C$ 6.325 million.
No finder's fee or commissions are being paid in connection
with any of these financings.
Upon completion of the placement, Mr. McEwen will own 8.2%
of the Company's issued shares.
Sprott Asset Management, currently the largest shareholder
of the Company, will be increasing its stake in the Company
after completion of the placement from 9.9% to 10.5%.
Rob McEwen is Chairman and CEO of US Gold
(AMEX & TSX: UXG) and Lexam Explorations (TSX: LEX) and
was the founder and former Chairman and CEO of Goldcorp,
which is the world's lowest cost million ounce gold producer.
He has been honored with such awards as the Northern Miner's
Man of the Year Award, the Prospectors and
Developers Association of Canada's Developer of the Year award,
the Ernst & Young's Ontario Entrepreneur of the Year Award
in the Energy Category and was most recently recognized
as Canada's most innovative C.E.O. by Canadian Business
Magazine.
Proceeds of this financing will be used to continue to fund
the on-going resource expansion drilling and economic
evaluations at the Almaden Project in Idaho, to fund
the ongoing shallow and subsequent deeper drilling programs
at the Golden Summit project in Alaska, to commence new
summer-fall exploration programs on the Vinasale and
Rob projects in Alaska, to fund the continued investigation
of acquisition opportunities, and for general working
capital purposes.
Freegold Ventures Limited is a North American exploration
company with a new management team experienced in mine
development and production that is actively exploring
advanced-stage gold projects in Idaho and Alaska.
Freegold holds a 100% lease interest in the Almaden gold
project in Idaho.
This large tonnage epithermal gold deposit was the subject
of a feasibility study in 1997 calling for the development
of a 95,000 oz/year open pit, heap leach mine.
Freegold is currently finalizing a 34,000-foot drilling
program aimed at further expanding the size of the
resource prior to undertaking new economic evaluations
in 2007.
Drilling at depth and to the north and south of the known
mineralization is continuing to identify new extensions
to the deposit.
Freegold is also discovering new high-grade veins and
bulk tonnage shear zones in its 25,000-foot drill program
at its Golden Summit project outside Fairbanks, Alaska.
A 10,000-ton bulk sample collected in the fall of 2006
was successful in uncovered numerous zones of high-grade
surface gold mineralization. Pending permit completion,
on-site processing of this bulk sample material plus
additional high-grade surface mineralization is expected
to commence in late summer 2007.
Freegold has also recently optioned the Vinasale Gold Deposit
in Alaska, from Doyon, Limited.
Geophysical, mapping and sampling programs will be carried
out on the property in 2007.
On behalf of the Board of Directors
Steve Manz
President and C.E.O.
CONTACT:
Kristina Walcott, VP Corporate Development,
(604) 685-1870,
1-800-667-1870,
jkw@freegoldventures.com
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FREEGOLD VENTURES - higher volumes in Germany -
Note.
Ex.
FREEGOLD VENTURES (FR4.F) -
http://finance.yahoo.com/q?s=FR4.F
Volume: 244,319
FREEGOLD VENTURES (FR4.MU) -
http://finance.yahoo.com/q?s=FR4.MU
Volume: 163,798
FREEGOLD VENTURES (FR4.DE) -
http://finance.yahoo.com/q?s=FR4.DE
Volume: 23,260
Gold demands higher in Germany -
they don't trust the fiatz -
Gold the only Real Money -
Well, some Gold investor in Canada knows -
Mr. McEwen is subscribing for 4.5 million units for proceeds
of C$ 5,175,000, and Sprott Asset Management, as portfolio
manager for various Sprott funds has subscribed for 900,000
units for proceeds of C$ 1,035,000.
Each unit is comprised of one common share of the Company
and one-half of one common share purchase warrant.
Each whole warrant entitles the holder to acquire one common
share for C$ 1.60 for a term of two years from the date
of closing.
In addition, the Company will be issuing an additional 100,000
units on a non-brokered basis bringing the total placement
to 5.5 million units with total proceeds of
C$ 6.325 million.
No finder's fee or commissions are being paid in connection
with any of these financings.
Upon completion of the placement, Mr. McEwen will own 8.2%
of the Company's issued shares.
Sprott Asset Management, currently the largest shareholder
of the Company, will be increasing its stake in the Company
after completion of the placement from 9.9% to 10.5%.
Rob McEwen is Chairman and CEO of US Gold
(AMEX & TSX: UXG) and Lexam Explorations (TSX: LEX) and
was the founder and former Chairman and CEO of Goldcorp,
which is the world's lowest cost million ounce gold producer.
He has been honored with such awards as the Northern Miner's
Man of the Year Award, the Prospectors and
Developers Association of Canada's Developer of the Year award,
the Ernst & Young's Ontario Entrepreneur of the Year Award
in the Energy Category and was most recently recognized
as Canada's most innovative C.E.O. by Canadian Business
Magazine.
Proceeds of this financing will be used to continue to fund
the on-going resource expansion drilling and economic
evaluations at the Almaden Project in Idaho, to fund
the ongoing shallow and subsequent deeper drilling programs
at the Golden Summit project in Alaska, to commence new
summer-fall exploration programs on the Vinasale and
Rob projects in Alaska, to fund the continued investigation
of acquisition opportunities, and for general working
capital purposes.
Freegold Ventures Limited is a North American exploration
company with a new management team experienced in mine
development and production that is actively exploring
advanced-stage gold projects in Idaho and Alaska.
Freegold holds a 100% lease interest in the Almaden gold
project in Idaho.
This large tonnage epithermal gold deposit was the subject
of a feasibility study in 1997 calling for the development
of a 95,000 oz/year open pit, heap leach mine.
Freegold is currently finalizing a 34,000-foot drilling
program aimed at further expanding the size of the
resource prior to undertaking new economic evaluations
in 2007.
Drilling at depth and to the north and south of the known
mineralization is continuing to identify new extensions
to the deposit.
Freegold is also discovering new high-grade veins and
bulk tonnage shear zones in its 25,000-foot drill program
at its Golden Summit project outside Fairbanks, Alaska.
A 10,000-ton bulk sample collected in the fall of 2006
was successful in uncovered numerous zones of high-grade
surface gold mineralization. Pending permit completion,
on-site processing of this bulk sample material plus
additional high-grade surface mineralization is expected
to commence in late summer 2007.
Freegold has also recently optioned the Vinasale Gold Deposit
in Alaska, from Doyon, Limited.
Geophysical, mapping and sampling programs will be carried
out on the property in 2007.
On behalf of the Board of Directors
Steve Manz
President and C.E.O.
CONTACT:
Kristina Walcott, VP Corporate Development,
(604) 685-1870,
1-800-667-1870,
jkw@freegoldventures.com
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Mr. McEwen is subscribing for 4.5 million units for proceeds
of C$ 5,175,000, and Sprott Asset Management, as portfolio
manager for various Sprott funds has subscribed for 900,000
units for proceeds of C$ 1,035,000.
Each unit is comprised of one common share of the Company
and one-half of one common share purchase warrant.
Each whole warrant entitles the holder to acquire one common
share for C$ 1.60 for a term of two years from the date
of closing.
In addition, the Company will be issuing an additional 100,000
units on a non-brokered basis bringing the total placement
to 5.5 million units with total proceeds of
C$ 6.325 million.
No finder's fee or commissions are being paid in connection
with any of these financings.
Upon completion of the placement, Mr. McEwen will own 8.2%
of the Company's issued shares.
Sprott Asset Management, currently the largest shareholder
of the Company, will be increasing its stake in the Company
after completion of the placement from 9.9% to 10.5%.
Rob McEwen is Chairman and CEO of US Gold
(AMEX & TSX: UXG) and Lexam Explorations (TSX: LEX) and
was the founder and former Chairman and CEO of Goldcorp,
which is the world's lowest cost million ounce gold producer.
He has been honored with such awards as the Northern Miner's
Man of the Year Award, the Prospectors and
Developers Association of Canada's Developer of the Year award,
the Ernst & Young's Ontario Entrepreneur of the Year Award
in the Energy Category and was most recently recognized
as Canada's most innovative C.E.O. by Canadian Business
Magazine.
Proceeds of this financing will be used to continue to fund
the on-going resource expansion drilling and economic
evaluations at the Almaden Project in Idaho, to fund
the ongoing shallow and subsequent deeper drilling programs
at the Golden Summit project in Alaska, to commence new
summer-fall exploration programs on the Vinasale and
Rob projects in Alaska, to fund the continued investigation
of acquisition opportunities, and for general working
capital purposes.
Freegold Ventures Limited is a North American exploration
company with a new management team experienced in mine
development and production that is actively exploring
advanced-stage gold projects in Idaho and Alaska.
Freegold holds a 100% lease interest in the Almaden gold
project in Idaho.
This large tonnage epithermal gold deposit was the subject
of a feasibility study in 1997 calling for the development
of a 95,000 oz/year open pit, heap leach mine.
Freegold is currently finalizing a 34,000-foot drilling
program aimed at further expanding the size of the
resource prior to undertaking new economic evaluations
in 2007.
Drilling at depth and to the north and south of the known
mineralization is continuing to identify new extensions
to the deposit.
Freegold is also discovering new high-grade veins and
bulk tonnage shear zones in its 25,000-foot drill program
at its Golden Summit project outside Fairbanks, Alaska.
A 10,000-ton bulk sample collected in the fall of 2006
was successful in uncovered numerous zones of high-grade
surface gold mineralization. Pending permit completion,
on-site processing of this bulk sample material plus
additional high-grade surface mineralization is expected
to commence in late summer 2007.
Freegold has also recently optioned the Vinasale Gold Deposit
in Alaska, from Doyon, Limited.
Geophysical, mapping and sampling programs will be carried
out on the property in 2007.
On behalf of the Board of Directors
Steve Manz
President and C.E.O.
CONTACT:
Kristina Walcott, VP Corporate Development,
(604) 685-1870,
1-800-667-1870,
jkw@freegoldventures.com
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Freegold Intersects More Gold Bearing Structures in 2,300 Foot Step-out Drilling at Golden Summit
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------------------------------------------------------------------------- - 37 shallow, close spaced holes drilled in a 200 x 275 foot
area containing a recent 31 g/t (0.90 oz/ton) grab sample
in gold bearing structures trending towards the multiple
150 to 375 foot wide zones picked up in Fences 1 to 5.
- High-grade drill intercepts of 23.0 g/t (0.67 oz/ton),
17.8 g/t (0.52 oz/ton) and 18.1 g/t (0.53 oz/ton) all
over 3-foot widths hosted within broader zones of
lower-grade, surface, bulk-tonnage mineralization.
- Mineralization in this Tolovana vein area remains open
in all directions, and future drilling will seek to
expand this zone to the north and south as well as
to fill in the 2,300-foot wide area between
Fences 5 and 6.
-------------------------------------------------------------------------
TSX: ITF, OTC BB: FGOVF, Frankfurt: FR4 www.freegoldventures.com
VANCOUVER, June 11 /PRNewswire-FirstCall/ -
Freegold Ventures Limited
(the 'Company') is pleased to provide assay results from
Fence 6 of the Phase 2, 20,000-foot drill program
currently underway at the Company's
Golden Summit project -
outside Fairbanks, Alaska.
Holes in Fence 6
tested a smaller 200 x 275 foot area in the Tolovana vein
area, located 2,300 feet west of Fence 5.
Drilling was undertaken in this area to follow up on a
recent grab sample which assayed 31 g/t (0.90 oz/ton)
in the face of an old surface mining cut in which
the gold-bearing structures were seen striking in
the general direction of the Currey Shear Zone.
As with the previous drilling in this program,
the Fence 6 holes
continue to intersect high-grade veins hosted within broader
areas of lower grade, bulk-tonnage surface -
gold mineralization.
Although the Tolovana vein,
encountered in the 31 g/t grab sample in the face of
the old mining cut, and in holes 336, 303, 311, 312,
334, 332, and 333 strikes in a more northerly direction
than the structures seen in the vein swarms south of
the Cleary Hill Mine area,
the strike indicates that the Tolovana structure will
intersect the south vein swarm somewhere in the 2,300 foot
untested area in between Fence 5 and 6.
The gold mineralization in this area remains open
in all directions, and future drilling will aim to expand
this zone, as well as to in-fill the areas between
Fences 5 and 6 to determine how this structure ties into
the broader zones of gold mineralization traced from
Fences 1 to 5.
As with the previous fences, holes in
Fence 6 employed shallow,
close-spaced drilling to better define the large number
of mineralized structures in the system.
These 37 holes (holes 301 to 337) were spaced 25 feet apart
in roughly a grid pattern, and were drilled to an
average depth of 50 feet (see map of the drill hole locations
on the company web-site).
Significant higher-grade intervals from Fence 6 include:
-------------------------------------------------------------------------
From To Thickness Gold Grade Gold Grade
Hole Number (foot) (foot) (feet) (g/tonne) (oz/ton)
-------------------------------------------------------------------------
303 0 39 39 2.42 0.071
-------------------------------------------------------------------------
Including 24 27 3 23.01 0.671
-------------------------------------------------------------------------
Including 27 30 3 3.22 0.094
-------------------------------------------------------------------------
305 3 39 36 0.85 0.024
-------------------------------------------------------------------------
307 18 24 6 3.21 0.094
-------------------------------------------------------------------------
311 0 15 15 1.49 0.043
-------------------------------------------------------------------------
312 3 24 21 4.26 0.124
-------------------------------------------------------------------------
Including 12 15 3 17.76 0.518
-------------------------------------------------------------------------
Including 15 18 3 7.85 0.229
-------------------------------------------------------------------------
321 3 18 15 2.88 0.084
-------------------------------------------------------------------------
Including 6 9 3 8.61 0.251
-------------------------------------------------------------------------
325 33 54 21 3.30 0.096
-------------------------------------------------------------------------
Including 36 39 3 18.10 0.528
-------------------------------------------------------------------------
328 33 54 21 1.65 0.048
-------------------------------------------------------------------------
Including 33 36 3 4.73 0.138
-------------------------------------------------------------------------
329 27 39 12 2.04 0.060
-------------------------------------------------------------------------
334 0 18 18 1.70 0.050
-------------------------------------------------------------------------
Including 3 6 3 5.25 0.153
-------------------------------------------------------------------------
336 3 6 3 3.11 0.091
-------------------------------------------------------------------------
In addition to the mineralization located along the Tolovana vein, additional wider, lower-grade intercepts off the main vein include 0.85 g/t (0.024 oz/ton) over 36 feet (hole 305) and 3.30 g/t (0.096 oz/ton) over 21 feet (hole 325), including a 3 foot section assaying 18.1 g/t (0.229 oz/ton) over 3 feet. The average grade of all 650 three-foot sample intervals over the 200 x 275 foot area tested was 0.46 g/t (0.014 oz/ton). The scattered appearance of gold mineralization away from the main vein is not yet understood as many of these intercepts were in the southernmost holes of this fence.
Drilling in this area was halted due to spring break up conditions. Drilling is now in progress in the Beistline area where additional drill testing of the Beistline (Cleary Hill vein extension) and Beistline bleed area south of the structure is in progress. Future drilling will include testing the strike extension of the Tolovana structure, along with additional drilling north and south to determine if the width of the gold mineralization in this area may be similar to the multiple 150-350 foot wide zones seen 2,300 feet further to the east.
Drilling is being conducted with an Ingersol-Rand conventional percussion drill. Cuttings are returned up the drill hole with the use of an OEM vacuum drill cuttings collector, and are dropped from a cyclone directly into a sample bag. Samples are collected every three feet, with the drill bit being pulled off the bottom and the hole cleaned at the completion of each sample
interval. Freegold maintains a geologist and sampler at the drill rig for all drilling to take and log all samples to insure that quality assurance and control procedures are in accordance with 43-101 requirements. One duplicate assay is being conducted in every drill hole and either a blank or a standard is inserted in the sample stream every 10 samples. Alaska Assay Laboratories in Fairbanks, Alaska is being used to analyze the drill cuttings for gold via fire assay analysis plus multi element ICP-AES and ICP-MS analysis using 4 acid digestion.
The Qualified Person for this release is Michael P. Gross, M.S., P. Geo., VP Exploration, Freegold Ventures Limited.
About Freegold Ventures Limited
Freegold Ventures Limited is a North American exploration company with a new management team experienced in mine development and production that is actively exploring advanced-stage gold projects in Idaho (Almaden) and Alaska (Golden Summit, Vinasale). Freegold holds a 100% lease interest in the Almaden gold project in Idaho. This large tonnage epithermal gold deposit was the subject of a feasibility study in 1997 calling for the development of a 95,000 oz/year open pit, heap leach mine. Freegold is currently finalizing a 34,000-foot drilling program aimed at further expanding the size of the resource prior to updating the project economics in 2007. Freegold has also discovered new high-grade veins and bulk tonnage shears in surface trenching at its Golden Summit project outside Fairbanks. A 10,000-ton bulk sample collected in the fall of 2006 will be processed in the summer of 2007, and a 25,000-foot drill program to further delineate gold mineralization within the current 1,000-foot wide by 5,000-foot long vein swarm commenced in December. In addition Freegold has recently optioned the Vinasale Gold Deposit in Alaska, from Doyon, Limited. Geophysical, mapping and sampling programs will be carried out on the property in 2007.
On behalf of the Board of Directors
'Steve Manz'
Steve Manz
President and C.E.O.
The TSX has neither approved nor disapproved the contents of this news
release. CUSIP: 45953B107
DISCLAIMER
This news release contains certain 'Forward-Looking Statements' within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For map attachment please visit www.freegoldventures.com.
CONTACT: Kristina Walcott -
VP Corporate Development,
(604) 685-1870,
1-800-667-1870,
jkw@freegoldventures.com
SOURCE Freegold Ventures Limited
Source: PR Newswire (June 11, 2007 - 8:06 AM EDT)
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Freegold Drilling (Fence 5) Continues to Extend Gold
Mineralization at Golden Summit
------------------------------------------------------------------
- Step out drilling continues to intersect extensions of
numerous high-grade veins and shear zones.
- Individual intercepts include: 35.4 g/t over 3 feet, 9.1 g/t
over 9 feet, 21.8 g/t over 6 feet and 15.6 g/t over 3 feet. -
Numerous bulk tonnage zones, with grades comparable to those
of the nearby Fort Knox Mine have been identified over widths
exceeding 575 feet, with one 175-foot section grading
1.56 g/tonne (88% higher than Fort Knox 2006 average
mill feed grade).
--------------------------------------------------------------
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TSX: ITF, OTC BB: FGOVF, Frankfurt: FR4 www.freegoldventures.com
VANCOUVER, June 5 /PRNewswire-FirstCall/ - Freegold Ventures Limited (the 'Company') is pleased to provide Fence 5 assay results from the Phase 2, 20,000-foot drill program currently underway at the Company's Golden Summit project outside Fairbanks, Alaska. A total of 71 vertical holes were drilled in a line oriented in a generally north-south direction in Fence 5 which is located approximately 385 feet further to the west of Fence 4 (reported on May 24, 2007). Fence 5 covers an area approximately 1,725 feet wide within the 5,000-foot long strike length of known mineralization in the Cleary Hill Mine Area. Drilling continues to intersect and extend the strike length of both low-grade, large-tonnage gold mineralization, along with high-grade vein intercepts that are exhibiting excellent correlation between the drill fences.
As with the previous fences, holes in Fence 5 employed shallow, close-spaced drilling to better define the large number of mineralized structures in the system. The holes, spaced 25 feet apart, were drilled to an average depth of approximately 50 feet. Because of difficult drilling conditions encountered in the mid-part of Fence 4, a gap of 450 feet was left within Fence 5 that will be completed later in the program. At the southern end of Fence 5, 27 holes covering 650 feet of surface width were drilled (starting from south to north with holes 230 to 233, then continuing with holes 254 to 234 and ending with holes 255 and 256). In the northern portion, 44 holes covering 1,075 feet of surface width were drilled (starting with hole 256 in the south and ending with hole 300 in the north). Subsequent drilling within the Fence 5 gap is expected to yield positive results, as assays from structures in the mid-part of Fence 4 that strike in the direction of this gap include a 175 foot zone of holes averaging 0.86 g/t (0.025 opt), including new veins assaying 36.7 g/t (1.07 oz/ton) and 4.4 g/t (0.13 oz/ton) over 3 feet.
Significant higher-grade intervals from Fence 5 (reported from north to
south) include:
-------------------------------------------------------------------------
From To Thickness Gold Grade Gold Grade
Hole Number (foot) (foot) (feet) (g/tonne) (oz/ton)
-------------------------------------------------------------------------
281 6 21 15 1.67 0.05
-------------------------------------------------------------------------
279 21 33 12 11.22 0.33
-------------------------------------------------------------------------
Including 27 30 3 35.38 1.03
-------------------------------------------------------------------------
Including 30 33 3 7.64 0.22
-------------------------------------------------------------------------
278 30 54 24 3.80 0.11
-------------------------------------------------------------------------
Including 42 51 9 9.05 0.26
-------------------------------------------------------------------------
276 12 15 3 5.68 0.17
-------------------------------------------------------------------------
273 12 15 3 5.11 0.15
-------------------------------------------------------------------------
273 42 54 12 12.17 0.35
-------------------------------------------------------------------------
Including 42 45 3 14.85 0.43
-------------------------------------------------------------------------
Including 45 48 3 28.88 0.84
-------------------------------------------------------------------------
271 3 6 3 4.50 0.13
-------------------------------------------------------------------------
234 0 57 57 1.05 0.03
-------------------------------------------------------------------------
Including 30 48 18 2.46 0.07
-------------------------------------------------------------------------
239 6 54 48 0.81 0.02
-------------------------------------------------------------------------
240 12 45 33 1.03 0.03
-------------------------------------------------------------------------
243 0 48 48 1.14 0.03
-------------------------------------------------------------------------
Including 27 48 21 1.70 0.05
-------------------------------------------------------------------------
244 0 54 54 2.10 0.06
-------------------------------------------------------------------------
Including 30 51 21 4.39 0.12
-------------------------------------------------------------------------
Including 36 39 3 15.55 0.45
-------------------------------------------------------------------------
Including 39 42 3 5.11 0.15
-------------------------------------------------------------------------
245 3 24 21 1.56 0.05
-------------------------------------------------------------------------
233 15 48 33 1.09 0.03
-------------------------------------------------------------------------
including 15 27 12 2.08 0.06
-------------------------------------------------------------------------
231 0 3 3 6.83 0.20
-------------------------------------------------------------------------
This shallow drilling program continues to intersect broader zones with lower grade mineralization in between many of the shear zones and veins. Holes within the Cleary Hill Zone (holes 273 to 284 in the northern part of Fence 5) average 1.08 g/t (0.03 oz/ton) over a 275-foot width. Included within this zone is a higher-grade section of 1.56 g/tonne (0.05 oz/ton) over a 175-foot width. The Currey Shear Zone (holes 234 to 245 in the southern portion of Fence 5) displays similar characteristics, and has an average grade of 0.68 g/t (0.02 oz/ton) over a 300-foot width, which includes a higher-grade 75-foot section averaging 1.27 g/t (0.04 oz/ton). Both of these zones were encountered in Fences 1, 3 and 4, and are as wide as, or wider than the zones encountered in the previous fences. Both zones continue to carry additional lower-grade mineralization in their hanging walls. A new structure located 175 feet south of the Currey Shear Zone in Fence 4 (4.06 g/t (0.12 oz/ton) over 12 feet) was picked up again in a similar location in Fence 5 (4.03 g/t (0.12 oz/ton) over 12 feet). This new zone is likely an eastern extension of the Wyoming Vein, another of the many veins mined underground in the area surrounding the Cleary Hill Mine. All of these wider, bulk tonnage zones compare favourably to the 2006 average mill feed grade of 0.83 g/t for the Fort Knox gold mine (the largest gold mine in Alaska, located less than 5 miles to the south of Golden Summit) and the mine's remaining proven and probable reserve grade of 0.53 g/t.
The Company recently completed the drilling of Fence 6 to test the Tolovana vein system a further 2,000 feet to the west of Fence 5. This vein system, exposed in a 15- foot high face excavated by previous mining, returned a 31 g/t (0.90 oz/ton) grab sample from the face. This area is believed to be the westward projection of some of the numerous structures in the Cleary Hill south vein swarm, with the character and appearance of the mineralization strongly suggesting a correlation with the Wackwitz vein that has been traced throughout the previous drilling. Final assays from this fence are pending.
Drilling is currently in progress in the Beistline shaft area, where last year's trenching and bulk sampling programs returned the highest-grade gold assays to date. During the bulk sampling of approximately 6,000 tons of material from this area in October 2006, high-grade mineralization was seen to extend up to 100 feet into the hanging wall of the main structure. The principal vein in this area averaged 4 to 18 inches in width and averaged 39.5 g/t (1.15 oz/ton) over a sampled length of 185 feet. Following the excavation of this vein, 3-foot long vertical channel samples taken from the south wall of the 30-foot wide pit returned 1.6 g/t (0.05 oz/ton), 616.7 g/t (18.0 oz/ton), 4.6 g/t (0.14 oz/ton), and 65.3 g/t (1.90 oz/ton) in consecutive samples located 10 feet apart. Five-foot long chip channel samples located 10 feet or more into the hanging wall and perpendicular to the strike of the Beistline structure found mineralization grading 25.3 g/t (0.74 oz/ton), 34.3 g/t (1.00 oz/ton), and 31.1 g/t (0.91 oz/ton), while a channel sample located 80 feet south of the structure and 50 feet from the walls of the pit returned 22.3 g/t (0.65 oz/ton) over a 15 foot length perpendicular to the strike of the structures.
Drilling is being conducted with an Ingersol-Rand conventional percussion drill. Cuttings are returned up the drill hole with the use of an OEM vacuum drill cuttings collector, and are dropped from a cyclone directly into a sample bag. Samples are collected every three feet, with the drill bit being pulled off the bottom and the hole cleaned at the completion of each sample interval. Freegold maintains a geologist and sampler at the drill rig for all drilling to take and log all samples to insure that quality assurance and control procedures are in accordance with 43-101 requirements. One duplicate assay is being conducted in every drill hole and either a blank or a standard is inserted in the sample stream every 10 samples. Alaska Assay Laboratories in Fairbanks, Alaska is being used to analyze the drill cuttings for gold via fire assay analysis plus multi element ICP-AES and ICP-MS analysis using 4 acid digestion.
The Qualified Person for this release is Michael P. Gross, M.S., P. Geo., VP Exploration, Freegold Ventures Limited.
About Freegold Ventures Limited
Freegold Ventures Limited is a North American exploration company with a new management team experienced in mine development and production that is actively exploring advanced-stage gold projects in Idaho (Almaden) and Alaska (Golden Summit, Vinasale). Freegold holds a 100% lease interest in the Almaden gold project in Idaho. This large tonnage epithermal gold deposit was the subject of a feasibility study in 1997 calling for the development of a 95,000 oz/year open pit, heap leach mine. Freegold is currently finalizing a 34,000-foot drilling program aimed at further expanding the size of the resource prior to updating the project economics in 2007. Freegold has also discovered new high-grade veins and bulk tonnage shears in surface trenching at its Golden Summit project outside Fairbanks. A 10,000-ton bulk sample collected in the fall of 2006 will be processed in the summer of 2007, and a 25,000-foot drill program to further delineate gold mineralization within the current 1,000-foot wide by 5,000-foot long vein swarm commenced in December. In addition Freegold has recently optioned the Vinasale Gold Deposit in Alaska, from Doyon, Limited. Geophysical, mapping and sampling programs will be carried out on the property in 2007.
On behalf of the Board of Directors
'Steve Manz'
Steve Manz
President and C.E.O.
The TSX has neither approved nor disapproved the contents of this news
release. CUSIP: 45953B107
DISCLAIMER
This news release contains certain 'Forward-Looking Statements' within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For map attachment please visit www.freegoldventures.com.
CONTACT: Kristina Walcott - VP Corporate Development, (604) 685-1870, 1-800-667-1870, jkw@freegoldventures.com
SOURCE Freegold Ventures Limited
Source: PR Newswire (June 5, 2007 - 8:21 AM EDT)
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Well, its only the start -
GOLD Bullion Futures Mega LT uptrend and as you can see -
the volatility over the past year doesn't look like much -
On the contrary, this chart illustrates Gold's strength as it sits
near the high side of the rise that started in 2001 -
This is the most important picture to keep in mind
when investing in Gold -
The GOLD Long Term Bull market since 2001 is clearly underway -
This GOLD bull market rise is going to make the 1970s -
spectacular rise look small in comparison.
It will take time, but it's powerful because it's more of -
a global market today compared to the 1970s.
Aden cont.
It is only the beginning of the action,
let's hike back UP -
itf has great properties -
and at last good focused management
to take it to productions
in the foreseeable future -
history often repeat itself -
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Drill News..GS Looking like Fort Knox!!!! -
Freegold Drilling Delineates Surface Bulk Tonnage Gold Mineralization Over 620 Foot Widths at Golden Summit
3/29/2007
VANCOUVER, Mar 29, 2007 (Canada NewsWire via COMTEX News Network) --
<<
http://app.quotemedia.com/quotetools/popups/story.jsp ------------------------------------------------------------------------- - 93 shallow holes (4,700') identify gold grades comparable to nearby
Fort Knox Mine over 620-foot width of drilling. -
One line of close spaced holes returns 0.7 g/t (0.02 oz/ton) over 620 foot N-S width, with a 300 foot section
grading 1.02 g/t (0.03 oz/t) -
the zone remains open in all directions,
with the first and last hole
in one line grading 1.9 and 1.1 g/t over 51-foot hole depths. - Phase 2 - 20,000 ' drill program underway to further delineate bulk tonnage material in the Cleary Hill area. ------------------------------------------------------------------------- >>
TSX: ITF, OTC BB: FGOVF, Frankfurt: FR4
http://www.freegoldventures.com
VANCOUVER, March 29 /CNW/ -
Freegold Ventures Limited -
(the "Company") is pleased to announce initial drill results
from its 4,700-foot Phase 1 shallow drilling program at
its Golden Summit Project outside Fairbanks, Alaska.
This program, which is the first systematic drilling
for bulk-tonnage gold mineralization conducted on the
property, has successfully identified broad zones of
gold mineralization over the entire 620-foot width of
the drilled area.
The width of this zone remains open to the north and south,
and gold grades intersected within the zone are comparable
to those currently being mined at the neighboring
Fort Knox Mine.
Based on the success of this first Phase,
Freegold has commenced Phase 2 of the program
which involves an additional 20,000 feet of drilling
aimed at further outlining bulk tonnage mineralization
in the Cleary Hill Mine area.
Given the large number of mineralized structures encountered in prior trenching and bulk sampling, Freegold determined the most favorable method for simultaneously identifying new structures and veins, evaluating gold grade variability, and extending the known 3,500' strike length of mineralization previously encountered in this area, was through the use of a large number of shallow, closed spaced drill holes. Gold mineralization in this area is known to extend to depths of at least 400 feet, as evidenced by prior underground mining and by wide spaced deeper drill holes in the area. As such, information gathered from the current shallow programs is expected to help determine optimal wider spaced deeper drilling patterns for future resource calculations.
Phase 1 consisted of 4,700 feet of drilling (93 holes) in 3 parallel lines, spaced 15 feet apart. Each line consisted of 31 vertical holes, located 20 feet apart, with holes in the centre line offset ten feet to the south of those in the Lines 1 and 3. Given the general 65-degree south dip to the structures in this area, a drill depth of 51 feet was selected to be able to intercept each structure twice with the 20-foot hole spacing. The first three lines were drilled in an area between the Cleary Hill South Vein Swarm and the Cleary Hill East Extension, which were the focus of much of last year's exploration programs. (Figure 1)
The table below shows the average assay results from each hole in Phase 1. The average grade for the top 51 feet of the 620-foot wide area is 0.6 g/tonne (0.017 oz/ton). As the lines move from east to west, average gold grades of the drill lines increased by 36% (from 0.51 g/t in Line 1 to 0.70 g/t in Line 3) as the holes got closer to the Cleary Hill South Vein Swarm area. The width of the mineralization remains open to the north and south, with holes averaging 1.2 g/t and 1.9 g/ (hole 62 and 63) and 1.1 g/t (hole 93) at the ends of these fences. High-grade assays do not significantly distort the overall average grades, as only 9 of the 1,560 three-foot long assay intervals graded higher than 10 g/tonne, and none of the assays graded higher than 32 g/tonne.
<< - Higher-grade bulk tonnage mineralization encompassing the full 51 vertical feet drilled along individual lines includes: - Line 1: a 260-foot wide zone averaging 0.82 g/t (0.024 oz/t) from hole 4 to hole 16; - Line 2: a 340-foot wide zone averaging 0.74 g/t (0.022 oz/t) from hole 62 to 46, including 200 feet averaging 0.95 g/t (0.028 oz/t) from hole 57 to 48; and - Line 3: a 300-foot wide zone averaging 1.02 g/t (0.030 oz/t) from hole 63 to 77, including 120 feet averaging 1.74 g/t (0.051 oz/t) from hole 10 to 14 - These grades compare favorably to the 2006 average mill feed grade of 0.83 g/tonne for the Fort Knox gold mine (the largest gold mine in Alaska, having produced 333,383 ounces of gold in 2006, and located less than 5 miles to the south of Golden Summit) and the 0.53 g/tonne grade of its proven and probable reserves. Cleary Hill Area: Fence 1 Drill Results -------------------------------------------------------------- -------- Line 1 Line 2 Line 3 -------------------------------------------------------------- Hole Grade Hole Grade Hole Grade Number (g/t) Number (g/t) Number (g/t) -------------------------------------------------------------- 1 0.200 62 1.236 63 1.883 --------------------------------------------------------------- 2 0.297 61 0.185 64 0.291 --------------------------------------------------------------- 3 0.218 60 0.290 65 0.684 --------------------------------------------------------------- 4 0.447 59 0.157 66 0.785 ------------------------------------------------------------------------- 5 0.447 58 0.280 67 0.390 ------------------------------------------------------------------------- 6 0.460 57 0.684 68 0.476 ------------------------------------------------------------------------- 7 0.225 56 0.649 69 0.740 ------------------------------------------------------------------------- 8 0.539 55 0.386 70 0.467 ------------------------------------------------------------------------- 9 1.148 54 0.867 71 0.280 ------------------------------------------------------------------------- 10 1.591 53 0.408 72 3.018 ------------------------------------------------------------------------- 11 1.561 52 1.426 73 1.327 ------------------------------------------------------------------------- 12 1.566 51 1.006 74 3.027 ------------------------------------------------------------------------- 13 0.278 50 1.678 75 0.506 ------------------------------------------------------------------------- 14 1.907 49 0.585 76 0.846 ------------------------------------------------------------------------- 15 0.190 48 1.800 77 0.557 ------------------------------------------------------------------------- 16 0.499 47 0.488 78 0.233 ------------------------------------------------------------------------- 17 0.117 46 0.425 79 0.211 ------------------------------------------------------------------------- 18 0.168 45 0.192 80 0.230 ------------------------------------------------------------------------- 19 0.347 44 0.589 81 0.296 ------------------------------------------------------------------------- 20 0.024 43 0.121 82 0.198 ------------------------------------------------------------------------- 21 0.056 42 0.226 83 0.086 ------------------------------------------------------------------------- 22 0.103 41 0.032 84 1.389 ------------------------------------------------------------------------- 23 0.096 40 0.062 85* 0.086 ------------------------------------------------------------------------- 24 0.091 39 0.323 86 0.209 ------------------------------------------------------------------------- 25* 0.121 38 0.112 87 0.204 ------------------------------------------------------------------------- 26* 0.284 37 0.097 88 0.081 ------------------------------------------------------------------------- 27* 0.593 36 0.336 89 0.534 ------------------------------------------------------------------------- 28 0.310 35 0.699 90 0.415 ------------------------------------------------------------------------- 29 0.933 34 0.318 91 0.465 ------------------------------------------------------------------------- 30 0.586 33 0.439 92 0.606 ------------------------------------------------------------------------- 31 0.456 32 0.534 93 1.128 ------------------------------------------------------------------------- Line Avg. (g/tonne) 0.512 0.536 0.698 ------------------------------------------------------------------------- Line Avg. (oz/ton) 0.015 0.016 0.020 ------------------------------------------------------------------------- *Note: all holes are 51 feet in length, except hole 25 @ 24 feet, hole 26 @ 45 feet, hole 27 @ 45 feet, and hole 85 @ 42 feet. Individual drill holes also showed good thicknesses of higher grademineralization, including: ---------------------------------------------------------- Hole Number Thickness (ft) Grade (g/t) Grade (oz/t) ---------------------------------------------------------- 10 15 4.46 0.130 ---------------------------------------------------------- 11 36 1.20 0.058 ---------------------------------------------------------- 14 9 7.42 0.216 ---------------------------------------------------------- 32 12 1.30 0.038 ---------------------------------------------------------- 35 18 1.24 0.036 ---------------------------------------------------------- 48 12 7.42 0.117 ---------------------------------------------------------- 52 9 5.21 0.152 ---------------------------------------------------------- 93 6 7.51 0.219 ---------------------------------------------------------- 74 12 10.81 0.351 ---------------------------------------------------------- 73 12 3.05 0.089 ---------------------------------------------------------- 72 9 10.06 0.294 ---------------------------------------------------------- >>
Based on the success of this initial drilling, Freegold has moved immediately into its Phase 2 drill program. This program is using similar shallow, close spaced drilling with both multi-line and individual line fences that will step out in 300 to 600 foot increments at various locations along the known 3,500 feet of strike length of mineralization in the Cleary Hill Mine area, along with testing further eastern and western extensions.
Drilling is being conducted with an Ingersol-Rand conventional percussion drill. Cuttings are returned up the drill hole with the use of an OEM vacuum drill cuttings collector, and are dropped from a cyclone directly into a sample bag. Samples are collected every three feet, with the drill bit being pulled off the bottom and the hole cleaned at the completion of each sample interval. Freegold maintains a geologist and sampler at the drill rig for all drilling to take and log all samples to insure that quality assurance and control procedures are in accordance with 43-101 requirements. One duplicate assay is being conducted in every drill hole and either a blank or a standard is inserted in the sample stream every 10 samples. Alaska Assay Laboratories in Fairbanks, Alaska is being used to analyse the drill cuttings for gold via fire assay analysis plus multi element ICP-AES and ICP-MS analysis using 4 acid digestion.
The Qualified Person for this release is Michael P. Gross, M.S., P. Geo., VP Exploration, Freegold Ventures Limited.
About Freegold Ventures Limited
Freegold Ventures Limited is a North American exploration company with a new management team experienced in mine development and production that is actively exploring advanced-stage gold projects in Idaho (Almaden) and Alaska (Golden Summit, Vinasale). Freegold holds a 100% lease interest in the Almaden gold project in Idaho. This large tonnage epithermal gold deposit was the subject of a feasibility study in 1997 calling for the development of a 95,000 oz/year open pit, heap leach mine. Freegold is currently finalizing a 34,000-foot drilling program aimed at further expanding the size of the resource prior to updating the project economics in 2007. Freegold has also discovered new high-grade veins and bulk tonnage shears in surface trenching at its Golden Summit project outside Fairbanks. A 10,000-ton bulk sample collected in the fall of 2006 will be processed in the spring of 2007, and a 25,000-foot drill program to further delineate gold mineralization within the current 1,000-foot wide by 3,500-foot long vein swarm commenced in December. In addition Freegold has recently optioned the Vinasale Gold Deposit in Alaska, from Doyon, Limited. Geophysical, mapping and sampling programs, along with metallurgical test-work will be carried out on the property in 2007.
On behalf of the Board of Directors
"Steve Manz"
Steve Manz
President and C.E.O.
The TSX has neither approved nor disapproved the contents of this news
release. CUSIP: 45953B107
DISCLAIMER
This news release contains certain "Forward-Looking Statements"
within ----the Toronto Stock Exchange, British Columbia
Securities Commission and the United States Securities &
Exchange Commission.
SOURCE: Freegold Ventures Limited
Investor Relations:
(604) 685-1870,
1-800-667-1870,
ir@freegoldventures.com
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Since Feb, 2005, things for ITF have changed considerably.
With the new production oriented management team, the institutional and insider ownership level and the new properties, this is a brand new ball game.
The rise in the price of gold now allows deposits of low grade gold to be mined and processed economically.
With the high grade Golden Summit property and the newly acquired Vinasale Gold Deposit, things are much different than they were in 2005. Granted Mr.Barr is still involved in ITF but I would say at this point that is a plus given who he inspired to come on board since then.
This is no longer the same company you were once an investor in.
Freegold Ventures Limited
TSX: ITF OTCBB: FGOVF FRANKFURT: FR4
www.freegoldventures.com
News Release January 11, 2007
Freegold appoints Jeff Woods as Vice President Project Development
PDF
January 11, 2007, (Vancouver, BC) - Freegold Ventures Limited ("Freegold") announces the appointment of Jeffrey L. Woods as the Company's Vice President of Project Development. Mr. Woods is a metallurgical engineer with 23 years of experience in mine development and mineral processing, and has an excellent track record in designing, building and operating gold processing facilities throughout North America.
Highlights from Jeff's career include being part of the commissioning and operating team for the Hycroft-Crofoot gold mine in Nevada. Hycroft is a large tonnage, disseminated gold deposit, similar to Freegold's Almaden deposit. Hycroft produced approximately 1.1 million ounces of gold as an open pit, heap leach mine with average grades comparable to those at Almaden. Jeff also served on the commissioning and operating team of Kennecott's 15,000 ton per day Rawhide open pit, heap leach mine in Nevada and Santa Fe Gold/Newmont's autoclave, flotation and CIL plant expansions at the Lone Tree Mine in Nevada. In addition, Jeff has acted as Senior Metallurgical Engineer or Project Manager for numerous mine feasibility studies, mine developments, project expansions and operations, including the Kennsington gold project in Alaska, a cobalt mine concentrate and hydrometallurgical plant in Idaho, and numerous plant modifications for Newmont.
Jeff has established and run three full scale metallurgical laboratories, and was the founder and President of Woods-Gelati, Inc., a Nevada based environmental and process engineering consulting firm. Most recently, Jeff was a Senior Process Engineer/Project Manager at the Washington Group in Denver, and prior to that a Senior Processing Engineer at Hatch Limited in Vancouver, two of the world's leading minerals engineering firms.
Steve Manz, President and CEO stated, "Jeff's expertise is the perfect complement to our existing development-oriented management team, and his experience in designing and starting up numerous gold mines adds to our collective experience in having previously transitioned a number of companies from gold explorers into producers. Jeff was Hatch's team leader when they undertook a technical review of our Almaden project last year, and we were impressed with his abilities, his project enhancement recommendations, and his enthusiasm for the project. In Jeff's new role with Freegold he will be instrumental in managing our feasibility study update and permitting at Almaden, as well as in helping us advance our Golden Summit project in Alaska, and in the ongoing evaluation of acquisition opportunities."
In conjunction with his appointment, Mr. Woods has been granted 350,000 stock options at an exercise price of $0.50 which shall vest quarterly over a two year period and which have a term of five years, and 400,000 nominal value performance shares which shall vest quarterly over a two year period. The foregoing are subject to regulatory approval.
Harry Barr
Position: Chairman
________________________________________
Mr. Barr is the Chairman, Founder and Director of Freegold Ventures Limited. Mr. Barr been involved in the mining industry for over 20 years and has extensive background in corporate finance through equity financings and joint ventures with major mining companies. Mr. Barr is also the President and Founder of Pacific North West Capital (Toronto Stock Exchange: PFN) a company involved in the exploration and development of platinum and palladium projects in North America.
Steve Manz
Position: President & CEO
________________________________________
Mr. Manz, B.A.Sc. (Geological Engineering), MBA, has been involved with the mining sector for the past 17 years, has been instrumental in the creation and refinancing of several North American gold producers, and has successfully raised in excess of $700 million for junior and mid-tier resource companies.
Mr. Manz was the principal financial officer of Royal Oak Mines during its inception. In this capacity, Mr. Manz was directly involved in the acquisition, merger, financing and financial turnaround of several distressed Canadian gold mines which resulted in Royal Oak being a debt-free, cash-flow-positive 300,000 oz/year gold producer at the time of his departure. Subsequently, Mr. Manz became the President and Chief Financial Officer of Atlas Corporation, a NYSE listed gold and industrial minerals company. While with Atlas, Mr. Manz raised US $66 million, which allowed the company to recommence mining at its 50,000 oz/year Nevada gold mine, and funded the acquisition and development of additional mining assets in Nevada and Oregon. Mr. Manz also served as Vice President of Gerald Metals, one of the world's largest metal merchanting companies, where he was responsible for the refining and purchasing of precious metals, the design and implementation of commodity and currency hedging programs, and the arrangement of and participation in project, working capital and bridge loans for mining projects throughout the world.
Michael Gross
Position: VP Exploration
________________________________________
Mr. Gross (P.Geo.) holds a B.S. in geology, and an M.S. in economic geology. With an excellent track record of finding, building, operating and improving precious metals mines throughout North America, Mr Gross has held senior exploration positions ranging from mine geologist to VP Exploration. In addition Mr. Gross has served as VP Operations for four separate gold and silver producers operating eight mines with aggregate annual production of 350,000 ounces of gold and 8.5 million ounce of silver between them. Mr. Gross's exploration and operating plans have served as the basis for the securing of over $200 million of mine financing.
Highlights from Mr. Gross' career include the operational turnaround of the 5 million ounce per year Lucky Friday silver mine, where as Mine Manager, he was responsible for increasing mill throughput by 85%, ore grade by 21% and productivity by 59%. Based upon this success, he subsequently served as VP Operations of Hecla's Metal Mining Division. As VP Operations of Royal Oak Mines, Mr. Gross was an integral member of the management team that acquired and returned to profitability two 100,000 ounce per year gold mines. Through increasing production and effective cost control, Mr. Gross was able to reduce cash operating costs by 25% (US $97) within the first 15 months of the acquisition. As VP Operations of NYSE-listed Atlas Corporation, Mr. Gross was a key member of the management team that recommenced mining at Atlas's 50,000 ounce per year gold mine. Mr. Gross has also successfully brought several new mines into production. While serving as VP Operations of Exall Resources, his revised feasibility study was instrumental in securing financing for the start-up of a new gold mine, which went from ground breaking to the first gold pour in six months and to positive cash flow within 10 months under his direction.
Posted By: stockdoggy7 at another forum -
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To 'Therock17' on 'FREEGOLD VENTURES LTD (ITF:TSX)' -
Fort Knox Open Pit -
The Fort Knox open pit Gold mine -
mill and mineral claims
cover approximately 20,463 hectares located 40 kilometers
northeast of the City of Fairbanks, Alaska -
The mine production rate varies between 94,000 and
130,000 tonnes per day of total material -
Mining is carried out on a year round basis,
seven days a week. Standard drilling and blasting
techniques are used, and the blast holes are sampled
and assayed for production grade control purposes.
What appears to be a potential elephant Gold resource
at the Golden Summit in Alaska.
ITF has approx 40 million shares basic and about 47 million
diluted.
Sprott owns about 19 %, which is a very strong index
of underlying value.
This is likley a consequence of the fact that over
the past 2-3 years, ITF has brought in an experienced
production oriented team that appears to be on track
for production beginning by late 2008....
The Fort Knox open pit Gold mines -
luv the Gold resources nearby its -
all in the works....
The mill feed is often reloaded into 77-tonne capacity
trucks for the 20.9-kilometer long trip to
the Fort Knox mill at 8,437 tonnes per day.
The material is directed dumped into a gyratory crusher.
The True North mine was operating at full production
into the third quarter of 2004 with reserves at
True North being depleted by the first quarter of 2005 -
All new Gold resources will be most welcome in the future -
Imo. Tia.
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FreeGold ( T.ITF ) offers double 5+ Bagger.
I like the chances for success that exist for both the Almaden bulk tonnage open pit gold resource in Idaho, and the what appears to be a potential elephant gold resource at the Golden Summit in Alaska.
ITF has approx 40 million shares basic and about 47 million diluted.
Sprott owns about 19 %, which is a very strong index of underlying value.
This is likley a consequence of the fact that over the past 2-3 years, ITF has brought in an experienced production oriented team that appears to be on track for production beginning by late 2008.
The Almaden gold property is located 13 miles east of Weiser, Idaho, and approximately 60 miles west of Boise. The property is situated at the crest and on the western side of Nutmeg Mountain. Excellent road and power infrastructure exist in the vicinity.
Freegold holds a 100% lease interest in the project amd has accumulated a substantial drill database since acquiring the project in 1995..
The two known zones of gold mineralization that were previously delineated was the Main Zone (3,600 feet long, 460 to 1,700 feet wide, ), and the North Zone (1,400 feet long, 600-800 feet wide ). In both zones, gold mineralization commences directly at surface.
Following its optioning of the project in 1995, Freegold undertook additional confirmatory and metallurgical core drilling, conducted bulk testing at seven pit location throughout the deposit, undertook extensive metallurgical and heap leach column testing, and delivered a feasibility study in mid 1997.
The study by Watts, Griffis and McOuat in 1997 contemplated a 22,500 ton per day open-pit, heap leach operation producing an average of 95,000 ounces of gold per year with an overall 0.6 to 1 strip ratio.
The IRR was a very robust 28 % at a gold price of $364/0z .
Following the completion of the study, the price of gold entered into an extended period of decline, and the project was placed on hold.
With the return of higher gold prices, and with the introduction of a new, production-oriented management team, the project was re-activated in 2005.
Initial re-evaluation of the project to date has been positive, following a recalculation of resources through a new, independent 43-101 study, following preliminary cost updating, and following a positive review of the prior feasibility study and its underlying test-work by Hatch Limited, a world leader in the design and construction of heap leach gold projects.
In late 2005 Freegold commissioned a new resource estimate for the Almaden deposit. This estimate was designed to comply with Canadian National Instrument 43-101.
This first phase of resource re-evaluation calculated an Indicated resources of 551,834 oz, and an Inferred resources containing 359,802 oz, for a total of 910,000 oz.
Although these resources were previously categorized in the Measured and Indicated categories (with 94% being categorized as measured), the prior resource studies failed to use adequate geological modeling to help guide their resource calculations. information from tight spaced drilling.
As a consequence, Freegold in 2006 began a major 34,000 ft drilling program that had 3 main objectives..
....provide the drill information necessary to complete the appropriate geological model,which would bring all of the indicated and inferred 43-101 resources back into the highest grades of Measured and Indicated categories.
.... Given the strong similarities with Mule Canyon, Buckhorn and Hollister gold deposits, a compelling case can be made that high level silica encapsulated gold-silver mineralization at Almaden may be the upper part of a deep-seated hot springs system with potential for bonanza grade quartz vein-hosted gold-silver mineralization similar to that being mined at the nearby Ken Snyder mine... ie ITF planned to test this hypothesis by drilling below the floor ( about 200ft ) of the existing open pit
....Three possible expansion areas were noted in the original Feasibility Study and Freegold's own recent re-modeling of the deposit confirmed that there are areas of the deposit that are open laterally and at depth. Testing of these lateral expansion zones was a significant part of the 2006 drilling program.
The 34,000 ft drilling program will very soon be completed.These data will be used to update the 2005 43-101 resource estimates, and, following the metallurgical testing by McClelland, Freegold will update the 1997 feasability study to determine whether the original mine design in the 1997 WGM feasibility study remains the optimal manner in which to develop the deposit.
From the drill results todate, some conclusions can already be made..
...the gold resource within the original area defined by the 2005 43-101 study will not only be upgraded to the highest 43-101 categories, but those resources should also be significantly increased by perhaps 10 to 20 % ( ie at least 1 million oz ) .This expected increase is a consequence of (a ) gold grades of infill drilling have, on average, being higher than the original cores (b )preliminary mettalurgical testing shows improved gold recoveries ( c ) a much higher POG means a lower cut-off grade
.... the overall gold resource will be significantly increased due to drill results which have confirmed the lateral extenions of the open pit resource beyond the periphery of the Main and North zones.
A close look at the drill results released todate shows that substantial expansions of the open pit will be possible on both the east, south and western borders of the original zones.
....drill testing at depths below the current open pit ( 200 ft ) show continous gold mineralization down at least to the 500 ft level, at grades equivalent to and higher than the previosuly defined shallow zones at least in the southern extension of the Main zone.These drill results not only indicate the potential for a much larger gold resource below the original open pit, but also show potential for bonanza grade quartz vein-hosted gold-silver mineralization similar to that being mined at the nearby Ken Snyder mine.
In summary, the results available todate from the 34,000 ft drilling program at Almaden show that
.... the original 43-101 resource of 910,000 oz will increase to at least 1 million oz in the M $ I categories,
... that the overall gold resource will be expanded substantially by the addition of gold mineralization from 3 lateral areas,
... and that the gold resource will also be expanded due to the continuation of gold mineralization to depths of 500 ft at least in the southern portion of the original zones.
One can only speculate as to the quantity of the new additions at depth and laterally, but eye-balling the zone dimensions suggests that 500,000 oz would not be unreasonable..and would increase the overall gold resource to levels in excess of 1.5 million oz.
That is, from a resource level, the picture will be significantly improved relative to the 1997 feasability study, grades will improve and gold recoveries will also be improved.
The strip ratio of 0.6 to 1 is very low and suggests a cash cost significantly below $300 /0z.
In other words, it is increasingly likley that the new feasabiulity report coming in Q2 will recommend proceding to heap leach gold production at the level of 100,000 oz of gold per year.
Heap leach gold mines are relatively cheap to construct and can be built within a period of 8-10 months.
Should ITF proceed to produce Alamden, the fair value market cap at 10 times cash flow would be about $400 million at POG of $650.
As for current valution due exclusively to the Almaden gold deposit, a value of about $50 per oz of gold in situ would be appropriate for Indicated and Inferred resources.
That is, current fair value would be about $50 million or about $1/share.
When the new 43-101 is updated in early Q2,and the original 910,000 oz are upgrade to the M & I category, the average value per oz of gold in situ..based on peer values.. rises to about $150 /oz.
That is, the Almaden asset value would rise to about $150 millio or better than $3/share..and could be higher, depending on the extent to which the overall gold resource is increased by the 2006 drilling program.
The Golden Summitt project,a potential " super pit" gold resource, is also a company maker.
Also, lots of news flows in the near future as well.
Freegold Ventures Limited is a North American exploration
company with a new management team experienced in
mine development and production that is actively
exploring advanced-stage gold projects in Idaho (Almaden)
and Alaska (Golden Summit).
Freegold holds a 100% lease interest in the Almaden gold
project in Idaho.
This large tonnage, disseminated, epithermal gold deposit
was the subject of a feasibility study in 1997 calling
for the development of a 95,000 oz/year open pit,
heap leach mine.
Freegold is currently in the midst of a 34,000-foot
drilling program aimed at further expanding the size
of the resource prior to updating the feasibility study
in 2007.
Freegold has also discovered new high-grade veins in surface
trenching at its Golden Summit project outside Fairbanks,
and has recently completed the stockpiling of 10,000 tons
of bulk sample material that will be processed in
the spring of 2007.
In excess of 7 million ounces of gold has historically
been recovered from the Golden Summit property, which
is located less than 5 miles from the Fort Knox mine,
Alaska's largest gold mine.
On behalf of the Board of Directors
"Steve Manz"
Steve Manz
President and C.E.O.
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FREEGOLD VENTURES LTD (ITF:TSX) - NEWS and Presentations -
http://www.freegoldventures.com/new/Presentations.asp?ReportID=150837
http://www.freegoldventures.com/s/NewsReleases.asp?DateRange=2006/01/01...2006/12/31
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Lack of visibility is keeping this one under radar imo
October 5, 2006, (Vancouver, BC) - Freegold Ventures Limited ("Freegold") is pleased to provide initial assay results from its 34,000-foot resource expansion drill program currently underway at the Company's 100% controlled Almaden gold project in southwestern Idaho. Initial results indicate that the disseminated gold mineralization in the southern portion of the deposit (previously defined by holes approximately 200 feet in depth) extends down to a depth of 500 feet.
Drilling commenced in July with a single core rig. A second drill rig (reverse circulation) was added in late September and approximately 9,000 feet of drilling has been completed to date. The first 6 holes, totaling 2,990 feet, were large-diameter (PQ) core holes designed to test areas of known gold mineralization and recoveries throughout the mile-long deposit. These holes are part of an ongoing metallurgical testing program being conducted by McClelland Laboratories of Reno, NV to help determine the optimal relationship between fragmentation, crush size and gold recovery for the project. The remaining 31,000 feet of drilling is being conducted to expand the overall project resource at depth and at the periphery of the deposit, where prior drilling encountered good thicknesses of resource grade mineralization.
Assay results have now been received from the first four holes. The first of these large-diameter core holes (C-37), collared 500 feet north of the open southern portion of the Main Zone, was strategically located to provide both representative material for metallurgical testing and a preliminary test for deeper gold mineralization beneath the 200 foot deep pit contemplated by Freegold's 1997 feasibility study. Previous drilling in this area never determined the extent of mineralization at depth, as the majority of holes in this area ended in mineralization above the cutoff grade. Hole C-37 was drilled to a depth of 540 feet, and gold mineralization was successfully encountered over the first 500 feet, averaging 0.021 oz/ton (equivalent to the current resource grade for the deposit). Included within this hole is a 100-foot interval (from 35-135') grading 0.037 oz/ton, and a 130-foot interval (from 235-365') grading 0.029 oz/ton. Holes C-38 and C-39 generated lower grade and lower recovery material on the western extremity of the deposit for the metallurgical test program. Hole C-40, located in the middle of the main zone returned 0.025 oz/ton over the first 210 feet (which coincides with the 210' original pit depth). Included within this hole is a 155-foot interval (from 15-170') grading 0.032 oz/ton.
In addition to drilling, 40 tons of bulk material was blasted from three surface pits (2 in the Main Zone and 1 in the North Zone) in August and shipped to McClelland Laboratories as part of the gold recovery optimization testwork. Assays from the 39 blast-holes (ranging in depth from 14 to 22 feet) averaged 0.02 oz/ton and are representative of the overall resource grade of the deposit.
Recent drilling 100 feet and 600 feet north of hole C-37 in core holes C-43, C-44, C-50 and C-51 and in the first RC hole, 708, have all encountered rocks containing pervasive quartz veining and extensive brecciation similar to that seen in hole C-37. In the particular cases of holes C-43, C-50, and 708, this abundant quartz veining and brecciation also extends 250 to 300 feet below the originally designed 1997 pit bottom as was seen in hole C-37. This material has recently been shipped for analysis, and further gold assays are expected in November.
Diamond drill core and RC samples are generally analysed on five foot intervals. All samples are shipped to ALS Chemex at it's Winnemucca, NV laboratory for preparation. Pulps are shipped to ALS Chemex Laboratories in Vancouver, B.C. for analysis. Gold values are determined using fire assay techniques with AA finish and multi element analysis using ICP-AES with aqua regia digestion.
The Qualified Person for this release is Michael P. Gross, M.S., P. Geo., VP Exploration, Freegold Ventures Limited.
About Freegold Ventures Limited
Freegold Ventures Limited is a TSX, OTCBB and Frankfurt listed company actively exploring advanced-stage North American gold projects. Freegold has recently enhanced its management team with a new President and VP Exploration that have an excellent track record in generating shareholder value through the creation and operation of numerous North American gold producers. Freegold holds a 100% lease interest in the Almaden gold project in Idaho. This large tonnage, disseminated, epithermal gold deposit was the subject of a feasibility study in 1997 calling for the development of a 95,000 oz/year open pit, heap leach mine. Following a series of positive evaluation studies, Freegold commenced a 34,000-foot drill program aimed at further expanding the size of the resource prior to updating the feasibility study in 2007. Freegold has also discovered new high-grade veins in surface trenching at its Golden Summit project outside Fairbanks, Alaska. Further expansion and bulk sampling programs are underway for grade confirmation and cash flow generation purposes.
On behalf of the Board of Directors
"Steve Manz"
Steve Manz
President and C.E.O.
Freegold trenching intersects 85 feet (at) 34.8 g/tonne
(1.01 oz/ton) gold over 5 foot widths among new high grade
veins
Wednesday August 16, 2:35 pm ET
<< TSX: ITF, OTC BB: FGOVF, Frankfurt: FR4 >>
- Cleary Hill eastern extension -
trenching along 185 foot strike length of 4" to 18" wide vein
returns 39.5 g/tonne
(1.15 oz/ton), including 75 foot section (at) 83.4 g/tonne
(2.4 oz/ton).
- Wackwitz Vein - trenching discovers new five-foot wide
zone averaging 16.4 g/tonne (0.48 oz/ton) over 235 feet -
higher-grade section of 85 feet (at) 34.8 g/tonne
(1.01 oz/ton) includes 50 feet (at) 53.1 g/tonne
(1.5 oz/ton).
- New 10 to +15 foot wide shear zone grading 2.2 g/tonne
(0.065 oz/ton) over 220 feet, discovered 50 feet to
the south of the Wackwitz vein.
- All vein systems discovered in surface trenching remain
open along strike.
- Bulk sampling for grade confirmation and cash flow
generation to commence in September ---
("Freegold") is pleased to report final assays from its
June 2006 trenching program at its Golden Summit project
outside Fairbanks, Alaska.
Assays now confirm the high-grade nature of these newly discovered vein systems immediately east and south of the historic Cleary Hill underground mine.
A total of 2,200 feet of trenching was completed in two areas.
Trenching to the east (BST0601 - BST0610) was designed
to test for the eastern extension of the historic high-grade
Cleary Hill underground mine, while trenching to
the west (WC0601 - WC0606 and CL0601 - CL0603),
carried out 1,000 feet to the south of the Cleary Hill mine,
was designed to further delineate a number of high grade
veins and shear zones encountered in the
October 2005 program.
Trenching commenced at the old Beistline shaft
(1,300 feet southeast of the Cleary Hill mine).
A 12 to 25 foot wide shear zone was uncovered, and
samples were taken along the 256-foot strike length
of the most prominent quartz vein (BST0601, BST0603
and BST0605).
The quartz veining averaged between 4" and 18" in width,
and longitudinal assays averaged 39.58 g/tonne
(1.15 oz/ton) over 185 feet, and included a higher-grade
zone grading 83.4 g/tonne (2.4 oz/ton) over a 75-foot
interval.
Assays from the trenches which intersected the shear zone
at right angles included 5 feet at 25.3 g/tonne (0.74 oz/ton)
and 5 feet at 30.7 g/tonne (0.90 oz/ton).
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Freegold trenches 85 ft of 1.01 oz Au at Golden Summit
2006-08-16 15:02 ET - News Release
Mr. Steve Manz reports
FREEGOLD TRENCHING INTERSECTS 85 FEET @ 34.8 G/TONNE (1.01 OZ/TON) GOLD OVER 5 FOOT WIDTHS AMONG NEW HIGH GRADE VEINS
Freegold Ventures Ltd. is releasing final assays from its June, 2006, trenching program at its Golden Summit project outside Fairbanks, Alaska. Assays now confirm the high-grade nature of these newly discovered vein systems immediately east and south of the historic Cleary Hill underground mine.
A total of 2,200 feet of trenching was completed in two areas. Trenching to the east (BST0601 to BST0610) was designed to test for the eastern extension of the historic high-grade Cleary Hill underground mine, while trenching to the west (WC0601 to WC0606 and CL0601 to CL0603), carried out 1,000 feet to the south of the Cleary Hill mine, was designed to further delineate a number of high-grade veins and shear zones encountered in the October, 2005, program.
Trenching commenced at the old Beistline shaft (1,300 feet southeast of the Cleary Hill mine). A 12- to 25-foot-wide shear zone was uncovered and samples were taken along the 256-foot strike length of the most prominent quartz vein (BST0601, BST0603 and BST0605). The quartz veining averaged between four and 18 inches in width and longitudinal assays averaged 39.58 grams per tonne (1.15 ounces per ton) over 185 feet and included a higher-grade zone grading 83.4 grams per tonne (2.4 ounces per ton) over a 75-foot interval. Assays from the trenches which intersected the shear zone at right angles included five feet at 25.3 grams per tonne (0.74 ounce per ton) and five feet at 30.7 grams per tonne (0.90 ounce per ton).
SIGNIFICANT TRENCH AND GRAB SAMPLE ASSAYS -- TAKEN ALONG STRIKE
OF THE CLEARY HILL EAST EXTENSION
Sample Gold Gold
From To width Sample grade grade
Trench (ft) (ft) (ft) Sample type (g/t) (oz/t)
BST0601 0 5 5 Trench 6.65 0.19
BST0601 10 15 5 Trench 4.87 0.14
BST0601 15 20 5 Trench 16.90 0.49
BST0601 40 45 5 Trench 36.50 1.07
BST0601 45 50 5 Trench 42.20 1.23
BST0601 55 60 5 Trench 19.50 0.57
BST0601 20 Grab 57.00 1.66
BST0601 23 Grab 64.20 1.87
BST0601 28 Grab 7.36 0.22
BST0601 29 Grab 5.79 0.17
BST0601 30 Grab 39.60 1.16
BST0601 30 Grab 42.60 1.24
BST0601 45 Grab 12.90 0.38
BST0603 15 20 5 Trench 6.15 0.18
BST0603 20 25 5 Trench 14.10 0.41
BST0603 25 30 5 Trench 10.75 0.31
BST0603 30 35 5 Trench 60.20 1.76
BST0603 35 40 5 Trench 55.90 1.63
BST0603 40 45 5 Trench 129.00 3.76
BST0603 45 50 5 Trench 176.50 5.15
BST0603 50 55 5 Trench 42.40 1.24
BST0603 65 70 5 Trench 101.50 2.96
BST0603 70 75 5 Trench 255.00 7.44
BST0603 75 80 5 Trench 239.00 6.97
BST0603 80 85 5 Trench 149.50 4.36
BST0603 85 90 5 Trench 6.94 0.20
BST0603 19 Grab 50.70 1.48
BST0603 39 Grab 17.00 0.50
BST0605 10 15 5 Trench 55.30 1.61
BST0605 30 35 5 Trench 17.70 0.52
BST0605 30 Grab 49.40 1.44
Additional delineation of the structure was conducted by a series of cross trenches spaced roughly 150 to 200 feet apart (BST0606, BST0607, BST0609 and BST0610). The cross trenches traced the strike length of the shear an additional 1,000 feet to the northwest, with the final cross trench (BST0610) encountering the shear zone along strike and within 300 feet of the Banker's Stope, the highest grade and most productive ore shoot within the Cleary Hill mine.
SIGNIFICANT TRENCH AND GRAB SAMPLE ASSAYS -- CLEARY HILL
Sample Gold Gold
From To width Sample grade grade
Trench (ft) (ft) (ft) Sample type (g/t) (oz/t)
BST0606 10 15 5 Trench 1.64 0.05
BST0606 50 55 5 Trench 9.32 0.27
BST0606 54 Grab 33.90 0.99
BST0607 20 25 5 Trench 1.17 0.03
BST0607 30 35 5 Trench 1.83 0.05
BST0607 45 50 5 Trench 2.50 0.07
BST0607 7 Grab 12.30 0.36
BST0607 7 Grab 312.00 9.10
BST0607 32 Grab 5.30 0.16
BST0607 33.5 Grab 14.90 0.44
BST0609 75 80 5 Trench 6.02 0.18
BST0609 23 Grab 53.40 1.56
BST0609 24 Grab 50.50 1.47
BST0610 475 480 5 Trench 12.10 0.35
BST0610 168 Grab 6.32 0.19
BST0610 169 Grab 7.21 0.21
BST0610 170 Grab 4.59 0.13
BST0610 391 Grab 57.90 1.69
BST0610 480 Grab 13.05 0.38
South of the Cleary Hill mine, approximately 900 feet of trenching was completed to further delineate the high-grade veins discovered at surface last fall. Three small cross trenches tested the continuity of the Colorado vein, the northernmost vein in the swarm. Although trenching activities in this area were hampered by frozen ground conditions, grab sample assays included 16.25 grams per tonne (0.47 ounce per ton) and 13.75 grams per tonne (0.4 ounce per ton) in trench CL0601 and 30 grams per tonne (0.88 ounce per ton) in trench CL0603.
Trenching on strike of the Wackwitz vein (WC0603), with five-foot-long samples taken perpendicular to the strike every five feet, returned consistent high-grade assays averaging 16.4 grams per tonne (0.48 ounce per ton) over 235 feet, with the highest grade 50-foot section averaging 53.1 grams per tonne (1.5 ounces per ton) over 50 feet. The vein averages between five to 10 inches in width and is easily identifiable due to its uniquely banded grey and white quartz texture and continuous nature.
SIGNIFICANT TRENCH AND GRAB SAMPLE ASSAYS -- WACKWITZ VEIN TRENCH SAMPLES
Sample Gold Gold
From To width Sample grade grade
Trench (ft) (ft) (ft) Sample type (g/t) (oz/t)
WC0603 0 5 5 Trench 3.44 0.10
WC0603 5 10 5 Trench 26.40 0.77
WC0603 10 15 5 Trench 104.00 3.03
WC0603 15 20 5 Trench 5.46 0.16
WC0603 20 25 5 Trench 163.50 4.77
WC0603 25 30 5 Trench 4.75 0.14
WC0603 30 35 5 Trench 3.03 0.09
WC0603 40 45 5 Trench 143.50 4.19
WC0603 45 50 5 Trench 36.60 1.07
WC0603 50 55 5 Trench 42.80 1.25
WC0603 65 70 5 Trench 13.65 0.40
WC0603 70 75 5 Trench 27.40 0.80
WC0603 75 80 5 Trench 7.18 0.21
WC0603 80 85 5 Trench 8.40 0.25
WC0603 130 135 5 Trench 3.25 0.10
WC0603 175 180 5 Trench 9.16 0.27
WC0603 185 190 5 Trench 79.60 2.32
WC0603 195 200 5 Trench 8.13 0.24
WC0603 225 230 5 Trench 22.00 0.64
WC0603 230 235 5 Trench 41.50 1.21
WC0603 3 Grab 5.35 0.16
WC0603 50 Grab 105.50 3.08
WC0603 89 Grab 7.22 0.21
Fifty feet to the south and parallel to the Wackwitz vein, a new shear zone was discovered in trenches WC0601 and WC0602. Although lower grade than the other exposed veins and shear zones, this shear exhibited good consistency in the one to five grams per tonne range. Although the shear zone was often wider than the 15-foot widest part of the trench, composite samples were limited to 10 feet in length, taken every 10 feet perpendicular to the strike of the shear zone. Over its 150-foot length, trench WC0602 averaged 2.2 grams per tonne (0.064 ounce per ton) and trench WC0601, located along the same structure, assayed 2.3 grams per tonne (0.067 ounce per ton) over 70 feet.
Fifty feet north of the Wackwitz vein and perpendicular to the strike of the vein swarm, WC0605 assayed 11.5 grams per tonne (0.34 ounce per ton) over 10 feet with grab samples of 31.9 grams per tonne (0.93 ounce per ton) and 38.1 grams per tonne (1.11 ounces per ton), confirming that additional veins remain to be discovered and delineated within this area.
Based upon the success of this program, Freegold will be commencing further work in September and October. Work will include approximately 2,500 feet of supplemental trenching aimed at continued delineation of high-grade veins and shear zones that remain open along strike, along with bulk sampling of the areas outlined in trenches BST0603, WC0602 and WC0603. The bulk-sampling program will involve the collection, crushing, screening and sampling of approximately 10,000 tons of surface vein material for grade confirmation and for cash flow generation purposes.
A total of 410 trench samples were collected using five- and 10-foot sample intervals, along with 112 grab samples. All samples were prepared by Alaska Assay Laboratories in Fairbanks, Alaska, and pulps were submitted to ALS Chemex Labs in North Vancouver, B.C., for gold via fire assay analysis plus multielement ICP-AES and ICP-MS analysis using four acid digestion.
The qualified person for this release is Michael P. Gross, MS, PGeo, vice-president, exploration, Freegold Ventures Ltd.
We seek Safe Harbor.
Volume so far almost heavy trading today for ITF...
3 Months Close Prices
Date Ex : Sym Open High Low Close Chg Vol #Tr Bid Ask
2006-08-08 T : ITF 0.425 0.43 0.42 0.42 -0.01 33,500 6 0.42 0.45
2006-08-04 T : ITF 0.43 0.43 0.42 0.43 0.03 32,000 10 0.42 0.43
2006-08-03 T : ITF 0.40 0.40 0.40 0.40 0.00 17,500 4 0.395 0.41
2006-08-02 T : ITF 0.43 0.43 0.40 0.40 -0.025 60,000 9 0.40 0.43
2006-08-01 T : ITF 0.43 0.43 0.42 0.425 0.015 21,226 9 0.42 0.43
2006-07-31 T : ITF 0.41 0.43
2006-07-28 T : ITF 0.40 0.41 0.40 0.41 0.01 33,446 6 0.41 0.43
2006-07-27 T : ITF 0.40 0.40 0.40 0.40 -0.01 5,250 2 0.40 0.415
2006-07-26 T : ITF 0.41 0.41 0.40 0.41 0.00 50,100 15 0.40 0.42
2006-07-25 T : ITF 0.41 0.41 0.41 0.41 0.00 583 2 0.41 0.42
2006-07-24 T : ITF 0.39 0.42
2006-07-21 T : ITF 0.425 0.425 0.365 0.41 0.01 39,700 14 0.39 0.40
2006-07-20 T : ITF 0.40 0.40 0.40 0.40 0.01 8,000 6 0.40 0.42
2006-07-19 T : ITF 0.41 0.41 0.39 0.39 -0.01 63,250 13 0.39 0.42
2006-07-18 T : ITF 0.40 0.40 0.40 0.40 -0.01 20,000 6 0.40 0.43
2006-07-17 T : ITF 0.41 0.41 0.40 0.41 -0.01 13,050 9 0.40 0.43
2006-07-14 T : ITF 0.42 0.42 0.42 0.42 0.00 3,200 3 0.40 0.43
2006-07-13 T : ITF 0.40 0.42 0.40 0.42 0.03 30,000 5 0.42 0.45
2006-07-12 T : ITF 0.405 0.42 0.39 0.39 -0.03 62,996 19 0.39 0.42
2006-07-11 T : ITF 0.40 0.42 0.40 0.42 -0.02 75,445 6 0.41 0.435
2006-07-10 T : ITF 0.40 0.44 0.40 0.44 -0.01 27,500 6 0.40 0.415
2006-07-07 T : ITF 0.43 0.45 0.40 0.45 0.02 41,200 16 0.41 0.46
2006-07-06 T : ITF 0.445 0.445 0.43 0.43 -0.03 27,541 7 0.43 0.46
2006-07-05 T : ITF 0.48 0.50 0.42 0.46 0.04 48,047 39 0.47 0.48
2006-07-04 T : ITF 0.45 0.45 0.42 0.42 -0.03 47,000 10 0.42 0.45
2006-06-30 T : ITF 0.425 0.46 0.425 0.45 0.03 14,500 6 0.43 0.45
2006-06-29 T : ITF 0.40 0.43
2006-06-28 T : ITF 0.42 0.42 0.42 0.42 -0.01 3,000 1 0.40 0.42
2006-06-27 T : ITF 0.42 0.43 0.42 0.43 0.025 35,000 7 0.375 0.44
2006-06-26 T : ITF 0.44 0.44 0.405 0.405 -0.045 7,000 3 0.385 0.45
2006-06-23 T : ITF 0.405 0.45
2006-06-22 T : ITF 0.40 0.47
2006-06-21 T : ITF 0.40 0.45 0.40 0.45 0.02 11,600 4 0.39 0.48
2006-06-20 T : ITF 0.49 0.49 0.40 0.43 -0.03 14,000 8 0.40 0.43
2006-06-19 T : ITF 0.46 0.46 0.45 0.46 -0.04 26,425 6 0.45 0.485
2006-06-16 T : ITF 0.49 0.50 0.42 0.50 0.01 65,460 18 0.425 0.51
2006-06-15 T : ITF 0.475 0.49 0.46 0.49 0.09 38,500 11 0.47 0.49
2006-06-14 T : ITF 0.40 0.45 0.40 0.40 0.10 18,750 10 0.40 0.46
2006-06-13 T : ITF 0.41 0.42 0.30 0.30 -0.15 185,500 48 0.30 0.37
2006-06-12 T : ITF 0.48 0.48 0.45 0.45 -0.01 25,250 4 0.44 0.46
2006-06-09 T : ITF 0.44 0.485 0.44 0.46 -0.04 42,183 20 0.46 0.48
2006-06-08 T : ITF 0.53 0.53 0.455 0.50 0.01 49,875 18 0.455 0.51
2006-06-07 T : ITF 0.465 0.51 0.44 0.49 0.02 116,900 26 0.50 0.51
2006-06-06 T : ITF 0.48 0.50 0.45 0.47 -0.03 70,425 21 0.47 0.50
2006-06-05 T : ITF 0.52 0.52 0.46 0.50 -0.02 29,000 6 0.48 0.52
2006-06-02 T : ITF 0.56 0.56 0.52 0.52 -0.04 73,800 26 0.54 0.55
2006-06-01 T : ITF 0.55 0.56 0.54 0.56 0.01 61,500 12 0.53 0.56
2006-05-31 T : ITF 0.53 0.55 0.52 0.55 0.03 71,330 22 0.54 0.55
2006-05-30 T : ITF 0.51 0.52 0.51 0.52 0.01 68,712 17 0.52 0.53
2006-05-29 T : ITF 0.51 0.54 0.51 0.51 0.00 55,950 15 0.52 0.53
2006-05-26 T : ITF 0.52 0.53 0.51 0.51 0.02 84,500 15 0.51 0.53
2006-05-25 T : ITF 0.465 0.51 0.465 0.49 -0.01 42,600 13 0.49 0.51
2006-05-24 T : ITF 0.48 0.53 0.48 0.50 -0.02 55,600 14 0.485 0.53
2006-05-23 T : ITF 0.48 0.53 0.48 0.52 0.045 28,750 8 0.495 0.52
2006-05-19 T : ITF 0.52 0.52 0.43 0.475 -0.015 260,355 43 0.45 0.475
2006-05-18 T : ITF 0.53 0.55 0.47 0.49 -0.05 170,950 39 0.49 0.52
2006-05-17 T : ITF 0.47 0.58 0.47 0.54 0.065 200,450 40 0.54 0.55
2006-05-16 T : ITF 0.52 0.52 0.475 0.475 -0.085 46,000 13 0.47 0.50
2006-05-15 T : ITF 0.57 0.57 0.52 0.56 -0.02 258,500 40 0.52 0.56
2006-05-12 T : ITF 0.60 0.62 0.58 0.58 0.04 302,750 109 0.58 0.59
2006-05-11 T : ITF 0.54 0.54 0.51 0.54 0.04 231,977 41 0.52 0.54
2006-05-10 T : ITF 0.50 0.52 0.495 0.50 0.01 147,922 29 0.495 0.50
Freegold Commences 34,000' of Resource Expansion -
Drilling at Almaden -
Wednesday August 2, 9:20 am ET
TSX: ITF, OTC BB: FGOVF, Frankfurt: FR4
VANCOUVER, Aug. 2 /CNW/ -
Freegold Ventures Limited
("Freegold") is pleased to announce the commencement
of a 34,000-foot drilling program designed to define
new gold resources at its 100% controlled -
Almaden gold project in western Idaho.
This new drilling follows the recent re-evaluation
of the company's 1997 Watts, Griffis and McOuat Limited
("WGM") feasibility study by Hatch Limited, and the
generation of a new, independent 43-101 compliant
resource by J. D. Graham and Associates Ltd.
The 1997 study is referenced in the 43-101 report that
was filed on SEDAR on March 15, 2006.
The historic WGM 1997 study contemplated -
a 22,500-ton per day open-pit -
heap leach operation producing an average -
of 95,000 ounces of gold per year -
at an overall 0.6 to 1 strip ratio.
The WGM study recommended that additional drilling
be conducted to test areas of the deposit that remained
open laterally and at depth.
These possible expansion areas were confirmed during
Freegold's re-modeling of the deposit, and include
the following:
- the periphery of the Main and North zones where a number of holes
drilled by previous operators intercepted thick intervals of resource
grade mineralization (+.011 oz/ton cut-off) that were not brought
into the model due to the wide spacing of the drilling;
- the southern portion of the Main zone which remains open;
- depth extensions within the Main and North zones where prior drill
holes ended in resource grade material; and
- an area 1,500 feet to the west of the North Zone where seven previous
holes intersected significant shallow mineralization (eg. hole
SW13: 180 feet grading 0.038 oz/ton, hole SW40: 160 feet grading
0.053 oz/ton). Six of these holes containing resource-grade
mineralization are located in a 200-foot by 50-foot wide area that is
currently open for more than 500 feet in two directions and between
200 and 300 feet in the other two directions.
Core drilling commenced on July 8, 2006 and a reverse
circulation rig is expected to be on site at the beginning
of September.
The 34,000 foot resource expansion program is comprised
of approximately 2,500 feet of large diameter PQ core
drilling that will be used for supplemental metallurgical
testing, 16,500 feet of HQ core drilling, and 15,000 feet
of RC drilling.
Drilling is forecast to be complete by mid-November at
which time a new independent 43-101 resource calculation
will be generated.
Mine Development Associates ("MDA") of Reno, NV has been
engaged to assist Freegold in the ongoing modeling of
the deposit, and to prepare an updated 43-101 compliant
resource calculation.
A new metallurgical test program has also commenced that
will seek to enhance the project through improved gold
recoveries.
One of Hatch's conclusions from its review was that
inadequate testing had been done in the past to determine
the optimal crush size for the project.
While the 1997 WGM study was based on minus 6-inch
run-of-mine material being placed on the heap leach pads,
new metallurgical testing by McClelland Laboratories, Inc.
of Reno, NV is testing the leaching characteristics of
representative material at five different crush sizes to
help determine whether smaller crush sizes and improved
recoveries can enhance project economics.
In addition to the 2,500 feet of PQ core being taken from
6 locations within the deposit, the metallurgical testing
will also be conducted on bulk tonnage material that will
be blasted from three small surface pits in August.
Upon the completion of the updated resource calculation by
MDA and the metallurgical testing by McClelland, Freegold
will initiate a new preliminary assessment to determine
whether the original mine design in the 1997 WGM
feasibility study remains the optimal manner in which
to develop the deposit.
Qualified Person
The Qualified Person for this release is Michael P. Gross,
M.S., P. Geol. Vice President of Exploration for
Freegold Ventures Limited.
About Freegold Ventures Limited
Freegold Ventures Limited is a North American exploration
company that is actively exploring advanced stage gold
projects in Idaho (Almaden), Alaska (Golden Summit)
and the Yukon Territory (Grew Creek).
Freegold has recently enhanced its management team with
a new President and VP Exploration that have an excellent
track record in generating shareholder value through
the creation and operation of numerous
North American gold producers.
In addition to focusing on its Almaden project, the company
is in the process of delineating a series of newly discovered
high-grade surface veins at Golden Summit.
On behalf of the Board of Directors
"Steve Manz"
Steve Manz
President and C.E.O.
The Toronto Stock Exchange has neither approved nor disapproved the
contents of this news release. CUSIP: 45953B107
DISCLAIMER
This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information
Investor Relations, 1-800-667-1870,
http://www.freegoldventures.com
Source: Freegold Ventures Limited
http://biz.yahoo.com/cnw/060802/freegold_34k_drillin.html?.v=1
http://www.investorshub.com/boards/board.asp?board_id=6526
Thanks, and I do tend to be a committed gold bug also. I survived a small r/s here and confident this will be a good one.
To 'originunknown' welcome to 'FREEGOLD VENTURES LTD (ITF:TSX)
Investors Hub - '
ITF Gold Prices must go up, a lot! Why?
Paper fiat money is fraud, and paper money growth has been
tremendous. M3, which is a measure of money in U.S. banks,
stands at over $10.3 trillion as of February 2006.
(And will no longer be reported after March, 2006).
Central banks are running short on Gold, and are starting
to buy gold again. Currently, the U.S.
(officially) has 261 million ounces of Gold.
If U.S. money, M3, were backed by U.S. Gold, there would
be over $38,314 dollars for every one ounce of Gold!
The total value of all the fiat paper money and bonds in
the world is about $100 trillion, and all the Gold ever
mined in all of human history is just under about 5 billion
ounces. That’s $20,000 per ounce!
But world central banks are running out of Gold, and some
are starting to buy Gold, such as Russia, China, South Africa,
South Korea, and more! The central banks claim to have about
30,000 tonnes of Gold, but they may have less than half of
that, as most has been lent or leased into the market -
over the past ten years.
In sum, at $700/oz., there is about $3.5 trillion dollars
worth of Gold in the world, but there is $49 trillion worth
of bonds, and $40 trillion worth of paper money! So, bonds
and fiat paper money must go down - and Gold must go up!
Gold is the only real money, because of its fundamental
nature.
Gold is the only real money because it is liquid and easily
tradable, with a narrow spread between the prices to buy
and sell (about 1%). Also, Gold is easily transportable,
because it has a high value for its weight. This makes Gold
an excellent medium of exchange.
Gold is money because it is divisible, you can divide it into
coins, or re-melt it into bars, without destroying it.
Also, Gold is fungible, where each unit of .999 fine Gold
(99.9% pure) is similar enough to another unit so as to be
easily interchangeable.
Gold is also nearly impossible to counterfeit, as genuine
Gold is easily recognizable. When measured by weight, Gold
is easily countable, and verifiable. These properties make
Gold an excellent unit of account.
Gold is money because it is a great store of value.
Gold is not subject to decay, rot, or rust.
Gold has an intrinsic value, because it is rare, highly
coveted the world over, and is a luxury item -
Got ITF Gold & Silver Mines -
http://www.investorshub.com/boards/board.asp?board_id=6526
http://www.freegoldventures.com/s/ResearchReports.asp?ReportID=128576&_Type=Research-Reports&...
I have been in this one for quite some time. I have confidence for the long term, but short term it is a very slow ascension.
Freegold Ventures Ltd.
DL (8/8/2006 1:17 AM)
T.ITF Last: 0.43
Change: +0.03(+7.50%)
Volume: 32.0 k
Last Trade: 8/4/06
http://www.investorshub.com/boards/quotes.asp?ticker=t.itf&qm_page=39267&qm_symbol=T.ITF
Welcome to join ITF Ihub forum -
http://www.investorshub.com/boards/board.asp?board_id=6526
Tia
Bob
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FREEGOLD VENTURES LTD (ITF:TSX)
http://www.freegoldventures.com/s/Home.asp
http://www.freegoldventures.com/new/Presentations.asp?ReportID=150825
Golden Summit Project:
Short SUMMARY:
Location: Fairbanks, Alaska
Access-Infrastructure:
Public power and roads exist on the property.
Less than 5 miles from the Fort Knox Gold Mine,
Alaska's largest - Gold producer.
Past Production:
Property is host to several of the district's
highest grade producers.
Cleary Hill Mine:
past production 281,000 average grade of 1.3 oz/t.
Hi Yu Mine:
past production 110,000 ounces average grade 1.6 oz/t.
http://www.freegoldventures.com/s/GoldenSummit.asp?ReportID=138903
Golden Summit Graphics -
Photos from the Golden Summit 10,000 ton bulk sampling program -
http://www.freegoldventures.com/s/GoldenSummitGraphics.asp?ReportID=151473
http://www.freegoldventures.com/i/photos/gs/images/gallery.html
Fort Knox Open Pit -
The Fort Knox open pit mine, mill and mineral claims
cover approximately 20,463 hectares located 40 kilometers
northeast of the City of Fairbanks, Alaska.
New Slide Presentations -
http://www.freegoldventures.com/new/Presentations.asp?ReportID=150825
http://www.freegoldventures.com/s/RobGold.asp?ReportID=108962
http://www.freegoldventures.com/s/GrewCreek.asp?ReportID=109005
Harry Barr
Position: Chairman
Mr. Barr is the Chairman, Founder and CEO
and Director of Freegold Ventures Limited.
Mr. Barr been involved in the mining industry
for over 20 years and has extensive background
in corporate finance through equity financings
and joint ventures with major mining companies.
Mr. Barr is also the President and Founder of
Pacific North West Capital
(Toronto Stock Exchange: PFN)
a company involved in the exploration
and development of platinum and palladium
projects in North America.
http://www.freegoldventures.com/new/Presentations.asp?ReportID=150837
http://www.freegoldventures.com/s/NewsReleases.asp?DateRange=2006/01/01...2006/12/31
Move GO back UP!
Freegold Ventures Limited - World Market -
http://finance.yahoo.com/lookup?s=Freegold&t=S&m=ALL
history repeat itself -
The Financial System Is A Farce -
http://www.sprott.com/pdf/marketsataglance/10_2007.pdf
by Eric Sprott who spells it our clearly -
Welcome to FREEGOLD VENTURES LTD IHub Forum
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