Freegold Ventures has reported the assay results of the last three holes from the phase I drilling conducted at the Dolphin Zone, Alaska.
The company has drilled 6,328 m, totaling 28 holes, during the phase I drilling campaign. The plan of this drill program was to extend the prominent resource and improve the resource category. The company is anticipating the completion of an updated NI-43-101 resource calculation of the Dolphin zone during 2011. The holes drilled during phase I program were situated in and were contiguous to the Dolphin Zone’s major intrusive and were planned in such a way as to extend the resource to depth, the east and the south.
The company has intersected 0.68 g/t gold over 452 m in the hole GSDC 11-32, 1.03 g/t gold over 149.2 m in the hole GSDC 11-47, 2.3 g/t gold over 74.1 m and 1.00 g/t gold over 207.4 m in the hole GSDC 11-38, 0.65 g/t gold over 187 m in the hole GSDC 11-41 and 0.68 g/t gold over 56.1 m in the hole GSDC 11-51.
ALS Chemex has tested the core samples by means of fire assay analysis for gold and multi element ICP-MS and ICP-AES analysis utilizing four-axis digestion technique.
Freegold commenced a phase II drill campaign during mid August and may continue drilling till March, 2012. It is also drilling at the Cleary Hill mine prospect, wherein 15 holes have been drilled. The company is expecting to prepare an initial NI 43-101 resource in that region.
Besides drilling at the Golden summit, the company drilled three holes, totaling 2,984 ft, at the Rob Gold project and is waiting for the assay results.
Source: http://www.freegoldventures.com/