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Gold/Mining/Energy : Int'l Freegold Mineral Development Inc./ITF/VSE
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To: CLK who wrote (59)5/12/1997 3:13:00 PM
From: Robert Douglas Hickey   of 298
 
Dead Thread... Thought it was time to see it revived.

Freegold has a first draft of the Almaden study in hand, and all expectations are that the final will be ready by mid to late June. Without prematurely delving into details, I'll just state firmly that we are pleased with the information received to date.

Plans for Alaska drilling should be finalized shortly. Expect to see a diamond drill on Golden Summit, seeking high grade intercepts around the Cleary Hill Mine site. Our Alaska geologist has the original mine maps, dating from the thirties and forties, and so has a pretty good idea where the veins were lost and therefore how to refind them. We did some reverse circulation drilling around Cleary Hill late last year, and confirmed the presence of high grade shoots. My guess is that the first drilling should be under way by late June, and that extensive work programs, both drilling and geochemical, will continue well into the fall.

Douglas Hickey
Manager, Investor Relations
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