VANCOUVER, Nov. 15, 2012 /CNW/ - Freegold Ventures Limited (TSX: FVL, Frankfurt: FR4N) ("Freegold") is pleased to report results from last two holes of the Dolphin/Cleary drill programs. Results from these holes were not incorporated into the recently released NI 43-101 resource calculation as they were designed to test the potential for expansion to the north of the current resource. These holes are situated 120 metres to the north of the previous drilling. Results confirm that the resource continues to remain open to the north for further expansion. Additional drilling is planned to expand upon the current NI 43-101 resource which using a 0.30 g/t cutoff, is 73,580,000 tonnes @ 0.67 g/t Au - represents 1,576,000 ounces in the indicated category and 223,300,000 tonnes @ 0.62 g/t Au - and represents 4,437,000 ounces in the inferred category. The resource estimate was completed by Giroux Consultants Ltd
Width refers to drill hole intercepts, true widths can not be determined due to uncertain geometry of mineralization. Values greater than 30 g/t Au were cut to 30 g/t Au.
Drilling at Golden Summit is expected to recommence in January with two rigs. One rig will be focused in the Dolphin/Cleary Area as it remains open to expansion in several directions.
The Qualified Person who has reviewed the technical disclosure contained in this release is Curtis J. Freeman, M.Sc., PGeo who is the primary geological consultant for the project. Drill cores were cut in half using a diamond saw, with one-half placed in sealed bags for geochemical analysis. Core samples were picked up on-site by Acme Analytical Lab and transported to their facility in Fairbanks, Alaska. A sample quality control/quality assurance program was implemented.
Link: www.newswire.ca/en/story/1072193/...lden-summit-project-alaska
Width refers to drill hole intercepts, true widths can not be determined due to uncertain geometry of mineralization. Values greater than 30 g/t Au were cut to 30 g/t Au.
Drilling at Golden Summit is expected to recommence in January with two rigs. One rig will be focused in the Dolphin/Cleary Area as it remains open to expansion in several directions.
The Qualified Person who has reviewed the technical disclosure contained in this release is Curtis J. Freeman, M.Sc., PGeo who is the primary geological consultant for the project. Drill cores were cut in half using a diamond saw, with one-half placed in sealed bags for geochemical analysis. Core samples were picked up on-site by Acme Analytical Lab and transported to their facility in Fairbanks, Alaska. A sample quality control/quality assurance program was implemented.
Link: www.newswire.ca/en/story/1072193/...lden-summit-project-alaska