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Gold/Mining/Energy : SUDBURY AREA AND THE PGM PLAY -- Ignore unavailable to you. Want to Upgrade?

To: Brumell who wrote (308)	8/23/2000 10:06:35 AM
From: Brumell	Respond to of 349

A little off topic but not much.... VANCOUVER, BRITISH COLUMBIA--International Freegold Mineral Development Inc. (Freegold), announces that is has commenced drilling on the Cleary Hill mine prospect on its Golden Summit project in the Fairbanks Mining District, Alaska. The program consists of one diamond core hole with a target depth of 1,000 feet. The purpose of this program is to test for both high grade vein occurrences and bulk-tonnage gold mineralization in surrounding country rock, both of which have been intercepted by previous Freegold drill programs. Hole CHD00-1 is collared south of the Wyoming vein (northern-most vein in the area) and is directed due north at -50 degree inclination. The hole is expected to pass through the down-dip projections of thirteen gold-bearing veins located in the hanging wall of the Cleary Hill vein (past production 280,000 ounces grading 1.3 ounces per ton). The hole also will intercept the down-dip projection of the California vein, the southernmost high-grade vein intercepted by Freegold drilling to date, and the Cleary Hill footwall vein below the Sixth Level, the deepest level mined in the past. Drilling conducted by Freegold in 1998 intercepted 6 feet grading 3.7 ounces per ton in the Cleary Hill footwall vein followed by 100 feet grading 0.038 ounces per ton in the immediate footwall of this high grade interval. At the current rate of advance, the hole should be completed to its intended termination depth by the end of the week. The hole is being photographed, logged and split for assay by Avalon Development, Freegold's prime geological consultants on the project. Assays will be conducted by Bondar Clegg in Vancouver. Freegold is a diversified precious metal company focusing on acquiring and developing platinum, palladium, rhodium and gold projects in North America. Freegold has recently acquired ten PGM properties in the Sudbury Mining District in Ontario as well as two projects in Alaska, Union Bay and Tonsina. Phase I exploration has been completed on the Tonsina Project. Freegold is listed both on The Toronto Stock Exchange and The Canadian Venture Exchange, and has received 20F clearance in the United States. On behalf of the Board of Directors Harry Barr, Chairman & CEO