Freegold Ventures Limited
Freegold (FVL: TSX) is a Toronto Exchange listed company focused on the exploration and development of Alaskan Projects. Its flagship project is the Golden Summit Project. Located a 30 minute drive from Fairbanks with road, industrial scale power and an experienced workforce nearby the Golden Summit project represents an excellent low risk development opportunity for Freegold.
Since 2011 Freegold has been building NI 43-101 compliant mineral resources on it’s Golden Summit Property, located 30 minutes drive from the city of Fairbanks, Alaska. Fairbanks offers infrastructure support for exploration activities on a year round basis. Starting from no NI 43-101 compliant mineral resources in early 2011 Freegold has made significant progress and in January 2016, Freegold announced the results of an independent Preliminary Economic Assessment (see news release) on the Golden Summit Gold Project. Additional drilling to expand on the currently identified oxide mineral resource is currently being planned for 2017.
In addition to Golden Summit Project Freegold also holds Shorty Creek Copper–Gold, and Copper Molybdenum Porphyry Project. Located 120 km northwest of Fairbanks, just off the paved Elliot Highway, the project has seen little exploration since the early 1990’s when 20 holes were drilled to a maximum depth of 150 metres. Drilling by Freegold in 2015 and 2016 has discovered copper mineralization beyond the depth of the previous shallow drilling to a depth of at least 500 metres.