Source: Freegold Ventures Ltd.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Freegold Ventures Limited (FVL) shared the gold results from an additional seven holes done for its drill program on the Golden Summit
  • One of the highest grades intercepted was 47.60 grams of gold per tonne over 1.80 metres
  • Drilling is now complete for the 2022 season, with a total of 44 holes having been drilled
  • Additional assays are expected to be reported in the coming weeks
  • Freegold Ventures Limited (FVL) is up 2.27 per cent and is trading at $0.45 per share as of 2:59 p.m. EST

Freegold Ventures Limited (FVL) shared the gold results from an additional seven holes done for its drill program on the Golden Summit Project.

The program was designed to expand, upgrade and increase the overall resource grade and results continued to show a hardy mineralized system at the project.

Some of the highest grades intercepted included 47.60 grams of gold per tonne over 1.80 metres, 27.80 grams of gold per tonne over 1.30 metres, and 20.20 grams of gold per tonne over 3.00 metres.

Drilling is now complete for the 2022 season, with a total of 44 holes having been drilled. The program targeted higher-grade mineralization and the surrounding moderate to lower-grade gold that forms broad zones.

Drilling and historical shallow underground mining have extended gold mineralization over 1.50 kilometres along strike to depths of over 1,000 metres on the project.

All results completed to date continued to outline broader zones of higher-grade mineralization below the depths of the proposed pit outlined in the 2016 pit-constrained resource.

Additional assays are expected to be reported in the coming weeks. A large number of results from the expanded 2022 program are expected to be included in an updated mineral resource estimate in early 2023.

Freegold Ventures Limited (FVL) is up 2.27 per cent and is trading at $0.45 per share as of 2:59 p.m. EST.


More From The Market Herald

" VRIC 2023: Canada’s largest mining conference returns amid commodity resurgence

Later this month, the Vancouver Resource Investment Conference (VRIC) will gather over 300 junior mining companies, over 100 expert speakers and over 5,000...

" Mining investors rejoice! VRIC 2023 fast approaches

Less than one week from today, the Vancouver Resource Investment Conference (VRIC) will showcase over 300 of the most prominent companies in the

" @ the Bell: Tech leads TSX comeback

It was another rocky day for Canada’s main stock index that ultimately ended up in the green thanks to a lead powered by
Geomega Resources - President & CEO, Kiril Mugerman

" Geomega Resources (TSXV:GMA) granted $3M for recycling demo plant

Geomega Resources (GMA) has been awarded a $3 million grant from the government of Quebec’s Technoclimat Program.