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Gold/Mining/Energy : Int'l Freegold Mineral Development Inc./ITF/VSE

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To: tanoose who wrote ()3/14/1997 8:30:00 PM
From: tanoose   of 298
 
To All;

Just got this out of todays Northern Miner,

The Northern Miner Volume
83 Number 3 March 17, 1997

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Freegold updates resource estimate for
Golden Summit project in Alaska

Vancouver-based International Freegold
Mineral Development (ITF-V) has calculated
gold resource estimates for four prospects at
its Golden Summit project near Fairbanks,
Alaska.

*At the Dolphin prospect, drill-indicated
resources are estimated at 30.6 million tons
grading 0.02 oz. gold per ton over a 1,500-ft.
strike length.

* At the Christina prospect, indicated resources
are estimated at 150,400 tons of 0.46 oz. gold
over a 2,600-ft. strike length.

* Drill-inferred resources at the Cleary Hill
prospect are pegged at 125,000 tons of 0.81 oz.
gold along a strike length of 1,500 ft.

* At the Tolovana prospect, inferred resources
are estimated at 36,525 tons grading 0.29 oz.
gold over 1,500 ft.

The 22,000-acre project will be subjected to at
least 35,000 ft. of reverse-circulation and
diamond drilling in 1997.

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Copyright c 1997 Southam, Inc.

With regards,Frank
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