Freegold Ventures releases final 2023 results, reinforcing continued success in western expansion efforts

Scarlet Ibarra / April 17, 2024 | 08:52
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The latest report from Freegold Ventures highlights the conclusive results of their activities throughout 2023, emphasizing their ongoing success in expanding operations in the western region.

Freegold reporting the findings from the final two drilling sites of the 2023 program. These results will be used to update the mineral resource estimate ("MRE"), expected to be released later this quarter.

The drilling carried out in 2023 effectively showcased the potential for immediate expansion towards the west, possibly yielding higher grades. Notably, Golden Summit already boasts a substantial gold resource. However, the prospect of encountering higher grades at shallower depths to the west is significant and could profoundly impact the project's overall economics

Thus, the company believe that focusing on shallower, higher-grade mineralization before conducting economic studies will unlock even more value in this project. Drilling is set to commence soon.

Hole GS2337 was drilled at an azimuth of 315 degrees to intersect the Tolovana Vein swarm extensions to the southwest. This hole successfully encountered various zones of higher-grade mineralization.


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