About
Freegold Ventures Limited (TSX: FVL; OTCQX: FGVOF) is an exploration and development company with
demonstrated expertise in developing resources and attracting major partners. Freegold is focused on
offering investors exposure to gold and copper.
Freegold currently has two major projects. Golden Summit, an advanced stage gold project near
Fairbanks, where over 38,000 metres of drilling were completed in 2021. Golden Summit already has a
significant resource and is drilling is aimed at not only expanding but increasing the grade of the existing
resource and advancing the project through pre-feasibility. At the Shorty Creek copper-gold porphyry
project, 3,400 metres of drilling were completed in 2021.
A 2022 diamond drill program is currently underway at Golden Summit. This program will be a
continuation of the 2021 program - looking for deeper, higher-grade mineralization, with an initial
20,000 metres planned. Drilling will continue to focus on further expanding and defining the higher-
grade Cleary Vein System (CVS). Results from the 2020-2021 program are demonstrating the potential
for more extensive and higher-grade gold mineralization on the project.
Holes will continue to target the down-dip extent of the higher-grade vein zones found within the
historic Cleary, Colorado, Wackwitz, and Wyoming veins as well as their broader enveloping stockwork
zones. Holes drilled in 2021 south of the previous drilling have intersected significant veining, quartz
breccia, and visible gold in areas with no previous drilling. The 2022 program will include further infill
drilling to delineate the area to the south of the Cleary Vein Swarm and the area between the Dolphin
and the Cleary where previous high-grade intercepts were reported.
In addition, drill testing will also be undertaken on other areas of the project that have the potential to
host additional mineralization. The 2020-2021 drilling results will be incorporated into an updated
mineral resource estimate later in 2022.
