Freegold Ventures Limited (TSX: FVL | OCTQX: FGOVF) has announced additional drill results from its 2023 drill programme at its Golden Summit project in Alaska, USA; including the first results from the 2023 drilling west of Willow Creek. Assays are still pending for the Saddle Zone holes, located 4km east of the Dolphin/Cleary Zone.
Results successfully confirmed the potential to further expand the resource along strike to the west within a 1.5km long gold-in-soil geochemical anomaly and highlighted the potential for further expansion drilling to increase the overall resource grade.
Hole GS2333 was the furthest southwest hole drilled in the 2023 programme. Collared 200m west of previous drilling, outside the existing resource and within a 1.5km long gold in soil geochemical anomaly, the hole intersected 4.25g/t Au over 67.1m from 438 to 505.1m and bottomed in strong mineralization intersecting 4.09g/t over 23.9m.
Hole GS2331 targeted the area to the north of the known historic veins, intersecting several zones of higher-grade mineralization, including 2.0g/t over 11.5m from 276.6m to 288m and 1.41g/t Au over 35.9m from 370.9m to 406.8m. Further drilling will be required to follow up on the higher-grade mineralization intersected in both holes.
Holes GS2322, GS2321, and GS2320 were aimed at confirming the mineralization boundaries to the north of the existing resource in the Dolphin Zone. These holes intersected faulting/shearing and the bounding marble units to the north identified earlier in the season.
The current programme is designed to test the boundaries, expand, and infill the current mineral resource estimate from February of this year, at 12.01Moz at 0.92g/t Au (407.5Mt indicated) and 7.7Moz at 0.85g/t (282.3Mt inferred).
The drill programme has continued to intersect broad zones of mineralization with definitive zones of higher-grade mineralization. The mineralization style comprises discrete veins and stockwork accompanied by pervasive silification. Additionally, it is noteworthy that the mineralization continues to be intersected west of the Dolphin Zone and is coincident with the gold-in-soil anomaly.
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