Freegold Ventures Limited (TSX: FVL | OCTQX: FGOVF) has reported additional higher-grade mineralization at its Golden Summit project. The two holes reported are from the northwest limits of the Dolphin Zone.
Drilling is also targeting previously untested higher-grade zones, the Tolovana vein swarm and the Saddle Zone. While assays have yet to be received for these two target areas, visible gold occurrences have been noted in both zones.
Drill holes GS2318 and GS2319 were drilled on section 478850E as part of a series of fences of holes aimed at demonstrating the continuity of the higher-grade mineralization as well as delineating the extent of the mineralization to the north and northwest.
Holes were drilled on sections spaced 50m apart with holes on each section spaced between 50m to 100m apart. These fences have already extended the mineralization approximately 400m north of the previous drilling on the Dolphin Cleary Zone.
Hole GS2319 continued to demonstrate the continuity of a higher-grade core northwest of the February 2023 resource, including a 1.05g/t Au over 164.3m beginning 425m downhole, above the average resource grade of 0.92g/t Au.
The fence of holes shown in the cross section 478850E includes GS2319 and is expected to expand the existing resource. Drilling indicates that a marble unit and significant faulting truncates the mineralization to the north in the Dolphin Zone. Assay results remain pending for the other holes.
Drilling is currently targeting the Tolovana Vein Swarm in the western portion of the Dolphin area. Hole GS2336, currently in progress and is a 30m step out to the south of GS2335, aimed at undercutting the mineralization seen in GS2335 where multiple occurrences of visible gold were observed. Holes GS2331 – GS2336 were drilled west of Willow Creek with the intention of expanding the higher-grade mineralization to the west.
Freegold is a TSX-listed company focused on exploration in Alaska and holds the Golden Summit Project near Fairbanks and the Shorty Creek Copper-Gold Project near Livengood through leases.
For further information, please visit: www.freegoldventures.com
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