Freegold Ventures Limited (TSX: FVL | OTCQX: FGOVF) has released further strong results from its 2024 drilling programme at the company’s Golden Summit project, Alaska. The company completed 41 holes, covering a total of 25,708m with the primary goal to expand mineralization to the west and support further metallurgical testing. To achieve this, large-diameter holes were strategically drilled at key locations.
The ongoing metallurgical test work aims to optimize the flowsheet design. An extensive soil geochemical programme was conducted prior to drilling in the promising western expansion zone. This programme revealed multiple gold anomalies in the soil, extending 1.5km west of the existing resource area. Key geochemical trends were identified, including a significant east-west orientation and a strong south-southwest trend that aligns directly with the historic Newsboy Mine. This, Freegold states, underscores the area’s substantial potential for resource expansion.
To the east of Willow Creek, all drilling conducted by the company shows that the higher-grade mineralization dips to the south. As a result, drilling at Golden Summit is usually directed to the north. In contrast, the higher-grade mineralization at the historic Newsboy mine, situated west of Willow Creek, dips to the north. This appears to indicate a dip change likely caused by faulting.
Holes GS2411, GS2413, GS2415, GS2416, and GS2417 tested the mineralization to the north within the east-west geochemical trend in the WOW Zone (West of Willow Creek). While these holes encountered mineralization, the widths were narrower than those in the main Dolphin/Cleary area. Freegold says this suggests a change in the overall dip of the mineralization. Consequently, these northern holes may have been drilled over the top of the main mineralization trend.
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