RD.H, Ah, it was you-lol. I thought it was Herb who mentioned it and it was you and Heinze. I am going ot get a bit if it will come down just a little bit more.
ITF, is one I would recommend buying, even if it is only a very small position as it could really go crazy. Lots of blue sky, those intercepts are sooooo wide and on surface.
And they have both almaden and golden summit:
Freegold Ventures Ltd (C-ITF) - News Release
Freegold drills six ft of 20.5 g/t Au at Golden Summit
2007-05-24 04:00 ET - News Release
Shares issued 47,494,224
ITF Close 2007-05-23 C$ 0.99
Mr. Steve Manz reports
FREEGOLD DRILLING CONTINUES TO INTERSECT HIGH GRADE VEINS AT GOLDEN SUMMIT
Freegold Ventures Ltd. has released assay results from the 64 drill holes in fence 4 under the phase 2, 20,000-foot drill program currently under way at the company's Golden Summit project outside Fairbanks, Alaska. This north-south-oriented fence is located approximately 500 feet farther to the west of fence 3 (reported in Stockwatch on April 26, 2007), and covers an area approximately 1,600 feet wide within the 5,000-foot-long known strike length of gold mineralization in the Cleary Hill mine area. Results from fence 4 include a number of high-grade vein intercepts which lie within broader 100-foot-to-300-foot-wide vein systems. Results from the first four fences and visual inspections of the cuttings from fence 5, indicate that these broader vein systems increase in width to the west.
As with the previous fences, holes in fence 4 employed shallow, close-spaced drilling to better define the large number of mineralized structures in the system. Holes in fence 4 were spaced 25 feet apart and had an average depth of 63 feet. The fence commenced with hole 165 at the southern end and proceeded north to hole 201. At this point, drilling conditions required a move to the north, and the holes then proceeded from hole 202 at the northernmost end southward to hole 229, which ended adjacent to hole 201.
Results from fence 4 have expanded the width of the Currey/Wackwitz vein system by 100 feet and continue to confirm the width and grades found in trenching last year, and in fences 1 and 3 of the current shallow drilling program with widths of 20 feet grading 2.5 g/t (0.073 ounce per ton) in the Currey zone and 13.6 g/t (0.4 ounce per ton) over three-foot width in the adjacent Wackwitz vein. Previous drilling in 2000, approximately 385 feet farther to the west, encountered the Currey zone over a width of 72 feet grading 4.74 g/t (0.138 ounce per ton). In fence 4, 150 feet south of the Currey shear zone, another new vein was encountered that assayed 8.91 g/t (0.26 ounce per ton) over three feet and 4.06 g/t (0.118 ounce per ton) over 12 feet. Drilling along the Colorado vein assayed 22.18 g/t (0.65 ounce per ton). Approximately 75 feet south of the Colorado, a new vein was encountered that assayed 36.65 g/t (1.069 ounce per ton) over three feet followed by an additional three feet which assayed 4.36 g/t (0.127 ounce per ton). Additional work is planned to follow up on these new discoveries.
SIGNIFICANT FENCE 4 INTERCEPTS
From To Thickness Gold grade Gold grade
Hole No. (feet) (feet) (feet) (g/t) (oz/ton)
169 45 75 30 2.26 0.064
including 45 57 12 4.06 0.118
176 30 72 42 1.41 0.041
including 57 66 9 3.30 0.096
177 0 21 21 3.80 0.111
including 6 21 15 5.03 0.147
180 27 51 24 0.78 0.023
182 33 48 15 1.13 0.033
183 12 51 39 0.91 0.027
191 6 12 6 20.50 0.598
including 9 12 3 36.65 1.069
194 54 66 12 7.80 0.228
including 54 57 3 7.89 0.230
including 57 60 3 22.18 0.650
196 33 66 33 2.60 0.076
including 51 54 3 19.48 0.568
197 3 39 36 1.56 0.046
including 12 21 9 3.50 0.102
200 48 66 18 0.93 0.027
205 3 45 42 1.11 0.032
208 18 30 12 2.11 0.062
211 6 12 6 13.42 0.391
212 0 42 42 0.78 0.023
213 9 30 21 1.11 0.032
216 6 33 27 1.47 0.043
including 27 30 3 9.34 0.272
Lower-grade mineralization continues to be encountered in between many of the shear zones and veins, and the average grade of the 64 holes over their average 63-foot depth and their 1,600-foot width is 0.39 g/t, which includes higher-grade zones of 0.86 g/t (0.025 ounce per ton) over a 175-foot width (holes 191 to 197) and 0.66 g/t (0.019 ounce per ton) over a 275-foot width (holes 205 to 216).
Analysis of results from drill fences 1, 3 and 4 indicates that the vein systems (swarms), identified in trenching, and confirmed with the current closely spaced shallow drilling, are widening toward the west. This is particularly apparent with the Currey/Wackwitz vein system. Fences 5 and 6, located 385 and 2,400 feet farther west of fence 4, were recently completed and final assay results are pending. Of particular significance is the widening of the Cleary Hill vein system, as prior to work last year in the Beistline area, Cleary Hill was considered to be a narrow, high-grade vein system. The recognition of a 375-foot-wide zone of lower-grade mineralization in and between the hanging and the footwalls of the narrow veins is a new geological model for the Golden Summit property.
Drilling is being conducted with an Ingersol-Rand conventional percussion drill. Cuttings are returned up the drill hole with the use of an OEM vacuum drill cuttings collector, and are dropped from a cyclone directly into a sample bag. Samples are collected every three feet, with the drill bit being pulled off the bottom and the hole cleaned at the completion of each sample interval. Freegold maintains a geologist and sampler at the drill rig for all drilling to take and log all samples to insure that quality assurance and control procedures are in accordance with 43-101 requirements. One duplicate assay is being conducted in every drill hole and either a blank or a standard is inserted in the sample stream every 10 samples. Alaska Assay Laboratories in Fairbanks, Alaska, is being used to analyze the drill cuttings for gold via fire assay analysis plus multielement ICP-AES and ICP-MS analysis using four-acid digestion.
The qualified person for this release is Michael P. Gross, MS, PGeo, vice-president of exploration, Freegold Ventures.
We seek Safe Harbor.
Freegold drills 440 feet of 0.02 oz/t Au at Almaden
2007-04-20 11:34 ET - News Release
Shares issued 46,091,403
ITF Close 2007-04-19 C$ 0.95
Mr. Steve Manz reports
FREEGOLD DRILLING CONTINUES TO EXPAND ALMADEN DEPOSIT BOUNDARIES
Freegold Ventures Ltd. is providing assay results from an additional 20 holes drilled as part of its 34,000-foot resource expansion drill program currently in progress at the company's 100-per-cent-controlled Almaden gold project in southwestern Idaho. The majority of these holes were drilled to further delineate the eastern and western boundaries of the deposit as well as to provide infill between wider-spaced holes in lower-grade areas. In general, these holes extended the limits of the gold mineralization grading above the 0.01-ounce-per-ton level previously used as the external resource cut-off grade. Two holes within the central part of the deposit continue to confirm depth extensions of resource-grade mineralization and indicate potential for additional deeper mineralization to the south where the deposit remains open.
Core hole C-66 (azimuth 90 degrees, dip minus 75 degrees), collared in the southern portion of the deposit, continued to identify deeper mineralization within the hangingwall of the main north-south fault in the Main zone. Significant intercepts from this hole include those in the accompanying table.
Gold
Hole From To Thickness grade
No. (foot) (foot) (feet) (oz/ton)
C-66 75 515 440 0.020
including 125 285 160 0.033
Including 150 205 55 0.051
Including 360 395 35 0.023
Hole 673, a vertical RC hole drilled 400 feet north and 150 feet east of hole C-66, intersected mineralization in the footwall of one of the main fault splays off the north-south fault. This hole extended mineralization 50 feet deeper than the shallower surrounding holes. Significant intercepts from this hole include those in the accompanying table.
Gold
Hole From To Thickness grade
No. (foot) (foot) (feet) (oz/ton)
673 5 235 230 0.020
including 5 155 150 0.026
including 55 120 65 0.041
A further 18 holes were drilled to better define and/or extend the known eastern and western boundaries of the deposit and to infill wider-spaced drilling in areas of lower-grade mineralization within the deposit. These holes have successfully extended the boundaries of the deposit and identified areas containing above-cut-off-grade mineralization in areas that were previously modelled as waste. In the event that the depth of the originally designed pit bottom is lowered as a result of the new deeper mineralization being identified in the central portion of the Main zone, this additional resource material at the edges of the deposit will aid in reducing the waste-to-ore stripping ratio (calculated as 0.6 to 1 in the 1997 feasibility study). Additional drilling is still warranted on both the eastern and western edges of the deposit where mineralization above the 0.01-ounce-per-ton external cut-off grade continues to be identified.
The accompanying table provides significant intercepts from these holes. Except for hole 669 (azimuth 90 degrees, dip minus 70 degrees) all other holes in the accompanying table are vertical.
Gold
Hole From To Thickness grade
No. (foot) (foot) (feet) (oz/ton)
C-56 0 15 10 0.011
C-58 5 145 140 0.017
including 5 65 60 0.028
C-59 45 265 220 0.013
including 135 180 45 0.021
C-60 5 100 95 0.010
C-61 10 160 150 0.011
including 10 50 40 0.022
C-62 175 300 125 0.016
including 175 215 40 0.028
C-64 0 30 30 0.014
669 5 25 20 0.043
225 260 35 0.015
671 15 60 45 0.011
675 40 180 140 0.008
677 25 145 120 0.016
200 240 40 0.010
680 25 180 155 0.011
683 145 215 70 0.010
684 35 260 225 0.012
including 110 145 35 0.018
686 5 160 155 0.012
including 25 70 45 0.026
687 65 255 190 0.009
688 65 115 45 0.011
689 70 100 30 0.010
120 160 40 0.012
Current drilling is aimed at extending deeper mineralization discovered in hole C-63 (see March 14, 2007, news in Stockwatch). This hole intersected a new fault at a depth of 570 feet, and resource-grade mineralization extended 540 feet in the hangingwall of this fault, with an additional 10 feet grading 0.025 ounce per ton located at a depth of 620 feet on the footwall side of the fault. This is the deepest gold mineralization identified to date, and since this area has extensive thicknesses of hydrothermal breccia and gold mineralization on either side of the fault, current drilling is being conducted to further define the strike and dip of this structure. Future holes are expected to test the depth and areal extent of the hydrothermal breccia zone to a depth of 800 feet.
Diamond drill core and RC samples are generally analyzed on five-foot intervals. All samples are shipped to ALS Chemex at its Winnemucca, Nev., laboratory for preparation. Pulps are shipped to ALS Chemex Laboratories in Vancouver, B.C., for analysis. Gold values are determined using fire assay techniques with AA finish and multielement analysis using ICP-AES with aqua regia digestion.
The qualified person for this release is Michael Gross, MS, PGeo, vice-president, exploration, Freegold Ventures.
We seek Safe Harbor. |
