International Freegold *** Seriously Undervalued??? Message Board

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Gold/Mining/Energy : International Freegold *** Seriously Undervalued???

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To: Mustafa Nazarali who wrote (3)	10/14/1996 1:09:00 AM
From: John Leather	of 43

THE LARGEST INTERNATIONAL FREEGOLD SHAREHOLDER IS INTERNATIONAL CANALASKA This item comes out of the 1996 annual report of International Canalaska from Harry Barr, President & CEO It mentions: " "Freegold completed a $5.5 million equity financing in May 1996. Freegold is acquiring up to 60% of the Golden Summit Gold Project located in Alaska's Fairbanks Mining District. The Golden Summit Project includes approximately 23,000 acres of prime state and federal mineral claims. A 40,000 feet drill program is underway on a minimum of three drill targets, with results expected in the fall of 1996 and winter of 1997. Freegold is also earning a majority interest in the Almaden Project, a drill proven million ounce heap leach gold project in Idaho. In July, Freegold hired the internationally respected engineering firm Watts, Griffiths and McQuait to complete a bankable feasibility study on the Almaden Project." compliments of John Leather

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