Freegold Ventures has announced the results of the program that is presently conducted at the Golden Summit project in Alaska.
Currently, the company is drilled at the project using two rigs. The focus of these two drill rigs is on the Dolphin or Cleary Hill regions with an intention of binding the Cleary Hill Zone to the previous Dolphin Resource. The present resource at Dolphin area is 14,840,000 t, which shows 316,000 oz in the indicated category and 50,460,000 t, showing 991,000 oz in the inferred category. The company has drilled 4,017 m in the Dolphin or Cleary Hill zones since mid January and has announced the assay results for 1,832 m. Freegold has planned 20,000 m of drilling in the total program for 2012 at the Golden Summit.
The company is continuing the present drill program towards the western part of the Dolphin resource. The drill hole CL 12-05 is the southern hole located on the Cleary system’s west edge. Further drill program is specifically designed to expand this mineralization towards the west and south of the Dolphin resource region. Besides drilling at the Cleary Hill, the company has announced the completion of primary drilling at the Christina area, which is a shear zone of more than 5,000 ft long and has numerous high-grade gold mines.
Drilling at the Christina area has shown that it may possibly contain bulk tonnage mineralization, same as the Dolphin or Cleary Hill regions. The company has drilled 1,686 m in the Christina region since mid January, wherein the assay results for 1,175 m are reported. It may perform further the drill program at Christina following the assessment of these holes.
Source: http://www.freegoldventures.com/