Freegold Ventures Limited
Freegold (FVL: TSX) is a Toronto Exchange listed company focused on exploring for copper and gold near Fairbanks, Alaska. Holding both the Golden Summit project, an advanced stage gold asset on which Freegold completed a preliminary economic assessment (PEA) in January 2016, and the Shorty Creek project, an exciting new copper-gold porphyry discovery, Freegold is well positioned to take advantage of rising metals prices.
The PEA recommended the advancement of the Golden Summit project through pre-feasibility. A small oxide expansion drill program was undertaken during 2017. Considerable additional expenditures will be needed to advance the project to the pre-feasibility level including infill and definition drilling - both oxide and sulphide, as well as additional metallurgical testwork and significant environmental baseline studies
Drilling by Freegold in 2015 on Shorty Creek discovered copper mineralization grading 0.55% Cu over 91 metres. Follow-up programs continue to demonstrate the exploration potential of Shorty Creek. Intercepts have included 434.5 metres grading 0.36% copper (2016) and 339 metres grading 0.30% copper (2017) with potentially significant by product credits including gold, silver and tungsten. In 2018 a further 1, 166 metres were drilled in the 1835 target area. Both holes returned consistent mineralization over broad widths. Highlights include include 0.45% Cu, 0.15 g/t Au, 10.5 g/t Ag, and 0.02% W03 over 121.15 metres in SC 18-01 , and 0.36% Cu, 0.09 g/t Au, 6.4g/t Ag, and 0.026% W03 over 126 metres in Hole SC 18-02.