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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (32207)	11/13/2004 1:24:28 AM
From: VAUGHN	Read Replies (1) \| Respond to of 39344

Hello Condor Thanks & this NR today: Freehold releases additional Grew Creek drill results Freegold Ventures Ltd (:ITF) Shares Issued 27,234,705 Last Close 11/11/2004 $0.32 Thursday November 11 2004 - News Release Mr. Harry Barr reports FREEGOLD VENTURES LIMITED - 3RD HOLE INTERSECTS HIGH GRADE MINERALIZATION GREW CREEK PROJECT, YUKON Freegold Ventures Ltd. has released assay results from GC-04-225 and GC-04-226 with initial results from GC-04-227. Complete assays from the first two drill holes and partial results from the third drill hole have been received from ALS Chemex. The second drill moved to site. Quartz-adularia vein stockwork was intersected in all of the holes drilled to date. Stockwork mineralization occurs throughout the first two holes and the lower section of the third drill hole. High-grade quartz-adularia veins intersected in GC-04-227 are located 20 metres north and 35 metres below the high-grade veins intersected in previous drilling (DDH-96-196: 17 metres at 28.55 grams per tonne gold and 22.8 grams per tonne silver). The majority of previous drilling was based on an interpretation that the mineralization in a quartz-adularia stockwork zone trended in an east-southeasterly direction; however, core angles from the previous high-grade intercept suggested the presence of a north-trending, steeply dipping high-grade vein system. Holes in the current drill program are being drilled to varying depths and are spaced at 25-metre intervals along a north to south trend. The vein-angles-to-core axis and relative location of the quartz-adularia intersections in the 2004 drilling are consistent with the new interpretation. Diamond drilling is continuing along the north to south trend of the mineralization. The reported intervals are not true width. The weighted average assay results are as follows: Drill Width Au Au Ag hole (m) (g/t) (ounces (g/t) per ton) GC-04-225 118.0 1.81 0.05 2.6 including 90.5 2.25 0.07 3.2 including 17.5 6.79 0.20 8.8 including 2.0 14.38 0.42 8.5 and 2.3 17.77 0.52 30.2 GC-04-226 128.0 0.38 0.01 0.70 including 90.0 0.46 0.01 0.65 including 57.5 0.53 0.02 0.65 including 7.5 1.56 0.04 0.80 GC-04-227 6.25 22.12 0.65 44.7 1.55 60.50 1.77 149.0 (*) Assays received subsequent to news as reported in Stockwatch on November 1, 2004. Assay results for the remainder of drill hole GC-04-227 are pending. A $500,000 program is currently in progress on the Grew Creek project. The program is 100-per-cent financed by Freegold. Drilling is slated to continue through Dec. 15, 2004. A second drill has been recently added to the program. The Grew Creek project is located 35 kilometres west of the town of Ross River and one kilometre from the Robert Campbell highway and the Yukon Energy power grid. Robert Stroshein, PEng, is the qualified person, as defined by National Instrument 43-101. Assays were carried out by ALS Chemex. Shaping up with some nice intersection depths and workable grades. Regards Vaughn