Freegold Ventures Limited (TSX: FVL) has announced continuing success as two drill rigs continue to operate on its Golden Summit Project in Alaska, USA. A total of 30 holes have been completed since March of this year.
Freegold is testing further expansion potential to the west with one drill operating on the western extension. The completed holes are mainly in the west/north-west area of the project’s Dolphin Zone, with a focus on expanding mineralization to the north and reducing the strip ratio.
Highlights included a high of up to 28.9g/t Au in hole GS2309 from an intercept from 431.9m to 434m.
Currently, one rig is also testing the company’s Saddle Zone, which is located 4km to the east of the Dolphin/Cleary Zone. Several reconnaissance holes will be drilled to assess the historic veins along with their coinciding gold geochemistry to determine their potential to host additional resources.
Drilling continues to expand upon the broad higher-grade zone found within the Cleary Hill Vein swarm (CVS) which dips southward and plunges towards the Dolphin intrusive, and which results in a significant amount of higher-grade mineralization at depth.
The goal of holes GS 2308 – GS 2311 (located in the northern part of the Dolphin area) is to improve the strip ratio by identifying mineralization closer to the surface and defining even more high-grade mineralization. GS2309, was successful in demonstrating the potential for higher grade updip (towards the north) intersecting several high-grade intercepts within a broader interval.
An additional hole was drilled from the same pad as GS2309. Hole GS2314 was drilled to west and the results are pending. Furthermore, Freegold’s previous westerly hole (GS2241 – which intersected 88.7m grading 1.43 g/t) combined with strong gold in soil geochemistry have acted as further evidence to support the idea that there remains significant expansion potential to the west.
Additional assays results are pending and will be reported once received.
For further information, please visit: www.freegoldventures.com
To read more articles like this, please visit: www.theassay.com
