Freegold Ventures Ltd (FVL)

[NYBob]

FREEGOLD VENTURES LIMITED
FREEGOLD VENTURES LIMITED

http://www.cnxmarketlink.com/en/releases/archive/June2011/14/c5874.html

Attention Business Editors
Freegold to Drill Rob Project, Alaska in Summer 2011

VANCOUVER, June 14, 2011 /CNW/ - Freegold Ventures Limited (TSX: FVL,
Frankfurt: FR4N)("Freegold") is pleased to announce its summer exploration
program for the 19,000 acre Rob Project. The program will involve mapping,
sampling, and a diamond drill program to expand upon previously intersected
high grade zones and to test other strong geochemical anomalies over
bulk-tonnage targets which have not been tested to date.
Initial targets include the Michigan Zone where grab samples returned
values up to 971 g/t (28.33 opt) gold. Previous prospecting in the Michigan
area identified a large stock-work vein system over a 3,500 x 2,500 foot
area. Other target areas include the Blue Lead area where sampling of the
vein zone returned values of up to 871 g/t (25.24 opt) gold. Drilling at the
Grey Lead Zone in 2007/2008 returned several high grade intercepts including
17.5 feet grading 15.8 g/t (0.46 opt) and 18.7 feet grading 19.2 g/t (0.56
opt) and 11 feet grading 43.2 g/t (1.26 opt).
One of the new targets to be tested is the Hilltop Prospect which is
located 600 feet southeast of the Grey Lead and where grab sampling returned
values of 18.7 g/t gold with elevated levels of bismuth and tellurium similar
to that seen in the Grey Lead Vein. Historical sampling in this area returned
values of up to 101 g/t (2.96 opt) gold.
Vinasale Project, Alaska
A 5,000 metre drill program is currently underway. The program is aimed
at both upgrading and expanding the current 1.33 MOz (inferred) NI 43-101
compliant resource (37,260,000 tonnes grading 1.11 g/t ). (see news release
dated March 31st, 2011). In addition to the drill program an induced
polarization survey is being completed and is anticipated to help define other
areas that may be prospective to host additional mineralization outside of the
Central Zone. The Central Zone covers a 300 metre by 400 metre area and hosts
all of the current NI 43-101 compliant resource. The zone remains open in
three directions and to depth.
Golden Summit Project, Alaska
A 7,000 metre drill program is underway and is expected to be completed
by the end of June. Drilling in this phase is designed both upgrade the
resource category as well as expand the known resource to over one million
ounces. Early results indicate that the existing resource will be expanded
with this phase of drilling. The current total indicated resource is
7,790,000 mt @ 0.695 gpt for a total of 174,000 contained gold ounces. Total
inferred resource is 27,010,000 mt @ 0.61 gpt for a total of 526,000 contained
gold ounces. (see news release dated March 31st, 2011). The Golden Summit
project is located 5 miles to the north of Kinross Gold's Fort Knox Mine which
is currently producing 350,000 ounces per year at an average milling grade of
0.7 g/t
The Qualified Person for this release is Curt Freeman, MSc. who has
reviewed and approved the contents of this press release.
About Freegold Ventures Limited
Freegold is a TSX listed company focused on the exploration of gold
projects in Alaska.
Some statements in this news release contain forward-looking information,
including without limitation statements as to planned expenditures and
exploration programs. These statements address future events and conditions
and, as such, involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements to be
materially different from any future results, performance or achievements
expressed or implied by the statements. Such factors include without
limitation the completion of planned expenditures, the ability to complete
exploration programs on schedule and the success of exploration programs



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/For further information:
Kristina Walcott-President and CEO Telephone: 1.604.662.7307
[e-mail]
/

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