Freegold Ventures has declared the results from the drilling campaign, which is being conducted at the Golden Summit project in Alaska. Two rigs performed the drill program at the project from mid January till mid-April, while one rig was operating from mid of May till now. The main target of the program is the Cleary hill and Dolphin areas.
The company has drilled about 35,000 m at the Cleary Hill and Dolphin areas, wherein 11,802 m of drilling have been included in the present NI 43-101 compliant resource estimated at Dolphin. The updates NI 43-101resource will integrate all the drilling and is likely to be completed in late September or early October.
Freegold drilled the hole GSDL1218 to 1,757 ft of depth in the Dolphin deposit’s west area. The hole returned 0.59 g/t gold over 531 m and also 1.10 g/t gold over 90.5 m; and contained mineralization from top to bottom. It shows significant capability for extension towards depth and the western part of the Dolphin deposit.
The drilling campaign results continue to denote the significant capability to extend the resource areas of the Cleary Hill and Dolphin deposit. The company has drilled 8,228 m in the Dolphin zone since January, in which assays for drilling 6,399 m have been released and drilling is underway.
A diamond saw was utilized to cut the drill cores, with one-half core sealed in bags. Acme Analytical had taken the core samples and sent them to its unit located in Alaska.
Freegold mainly focuses on exploring gold projects found in Alaska. Besides the Golden Summit gold project, the company has a 100% lease interest in the Rob gold project, situated adjacent to the Pogo gold mine.
Source: http://www.freegoldventures.com/
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