Freegold Ventures Limited (TSX: FVL | OCTQX: FGOVF) has announced additional drill results from its 2023 drill programme, including further drilling west of Willow Creek which returned 133.5m grading 1.43g/t beginning at 96.6m.
The company’s 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 at potentially shallower depths and highlighted the potential to increase the overall resource grade by further expansion drilling.
Significant mineralization, including broad zones of higher-grade mineralization, was consistently intersected during the 2023 drill programme. One of the highest-grade intercepts was seen in hole GS2333, located 250m west of the main Dolphin area.
This hole intersected multiple zones with over 2g/t Au over a significant width of over 197.3m within a broader interval of 1.76g/t Au over 276.5m. Mineralization is still open up-dip, down-dip, and to depth.
In 2024, the programme will target higher-grade mineralization that may exist at shallower depths to the west of the existing resource. The up-dip projection of GS2333 coincides with a strong surface gold-in-soil anomaly, part of the 1.5km soil anomaly to the west of Willow Creek. It’s worth noting that soil anomalies have been useful in identifying mineralization at Golden Summit since the area was not glaciated.
Two holes, GS2332 and GS2335, were drilled just west of Willow Creek, on the edge of the current resource. Both returned broad zones higher than resource grade, including multiple high-grade intercepts. GS2335 is notable in that it is closer to surface at significantly higher than resource grade than seen on the east side of Willow Creek, with 133.5m @1.43g/t starting 96.6m down hole (79m vertical).
Assays are still pending for the Saddle Zone holes (SZ2301 to SZ2307). The Saddle Zone is 4km east of the Dolphin/Cleary Zone. These holes were primarily exploratory and aimed at better understanding the mineralization controls. Based on visual inspections, it is evident that additional drilling is required in the Saddle Zone, as visible gold has been noted in hole SZ2307.
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