Freegold Ventures Ltd (FVL)

[NYBob]

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

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- 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).

http://biz.yahoo.com/cnw/060816/freegold_assay_result.html?.v=1

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