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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: E. Charters	10/2/2008 12:43:25 PM
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Another one with too much gold. This time 0.027 OPT in an AK projie. Roughly similar to the lean and hungry Fort Knox Gold thingie a few miles away in Fair-thee-well-to-Banks, Samoyed Division, Alaska Brown Bear State. 100 metres of 0.93 grams is way too much gold to support a stock. Management are farmers from the Ottawa Valley. ************************************ Vacnouver, Brutish Columnbia, Oct. 2 2009 - Freegold Ventures Limited, itf/tsxv, is pleased to announce results from its diamond drilling program at its Golden Summit project outside Fairbanks, Alaska. The first area tested with a small grid of deeper core holes was in the Fence 1 area of the Cleary Hill Vein Swarm, where multiple 75 to 150 foot wide mineralized shear zones were previously identified in closely spaced shallow RAB drill fences. Deeper core drilling in this area indicates that these shear zones can be extended to depth along the strike of the gold mineralization. Significant intercepts of down dip gold mineralization include 303 feet @ 0.027 oz/ton (92.4 m @ 0.93 g/t), 101 feet @ 0.046 oz/ton (30.8 m @ 1.58 g/t) and 55 feet @ 0.18 oz/ton (16.8 m @ 6.29 g/t). Initial Rotary Air Blast drilling in this area in early 2007 consisted of 3 lines of 51 foot deep holes 20 feet apart. Each line of holes was 15 feet apart (collectively called Fence 1) in order to better determine the variability of the grade along strike. The three lines each encountered a mineralized zone approximately 300 feet wide, with average assays in the zone ranging between 0.74 g/t to 1.02 g/t. Diamond drilling in this area was aimed at testing the continuity of this zone at depth. A total of 13 core holes were drilled on a grid of three lines, with each hole and each line spaced 100 feet apart. Twelve holes were drilled to the north at an angle of 60 degrees, as the shears and veins in this area principally dip 50 to 60 degrees to the south. As smaller cross cutting structures were seen in this area during earlier bulk sampling, one hole (Hole 1) was drilled to the south at an angle of 45 degrees. **********************************************

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