Freegold Announces the Commencement of the Resource Expansion Drill Program - Golden Summit Project, Alaska

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[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Feb. 19, 2013 /CNW/ - Freegold Ventures Limited (TSX: FVL,\n Frankfurt: FR4N) (\"Freegold\") is pleased to report the commencement of drilling at Golden Summit.\n The Golden Summit project lies 32 km northeast of Fairbanks and is\n accessible by a maintained paved highway which facilitates exploration\n on a year round basis. Drilling will initially be targeted at expanding\n the current NI 43-101 resource and infill drilling to upgrade the\n current inferred resources into the indicated category.  The\n Dolphin/Cleary Hill deposit remains open to west, east and to depth and\n covers an area of 300 metres by 1.5 km; however, the entire Golden\n Summit project area covers an 11,400 acre area and hosts numerous other\n significant exploration targets also with the potential for additional\n bulk tonnage mineralization.\n\n\nThe NI 43-101 compliant resource estimate was completed by Giroux\n Consultants Ltd. of Vancouver, BC, Canada. The current indicated and\n inferred resource using a 0.3 gram/tonne (g/t) cut-off is:\n\n\nDOLPHIN/CLEARY ZONE INDICATED RESOURCE\n\nAu Cut -Off (g/t)\n\n\nTonnes\n\n\nAu g/t\n\n\nContained Oz Au\n\n\n0.30\n\n\n73,580,000\n\n\n0.67\n\n\n1,576,000\n\n\n\n\nDOLPHIN/CLEARY ZONE INFERRED RESOURCE\n\nAu Cut -Off (g/t)\n\n\nTonnes\n\n\nAu g/t\n\n\nContained Oz Au\n\n\n0.30\n\n\n223,300,000\n\n\n0.62\n\n\n4,437,000\n\n\n\n\n\nThe program for 2013 will include 20 - 25,000 metres of diamond core\n drilling, metallurgical testing and the initiation of a Preliminary\n Economic Assessment (PEA). Details on additional drill targets areas\n will be forthcoming over the next few weeks.\n\n\nThe Qualified Person for this release is Curt Freeman, MSc., who has\n reviewed and approved the contents of this press release. The mineral\n resource estimate has been prepared in compliance with the standards of\n NI43-101.\n\n\nAbout Freegold Ventures Limited\nFreegold is a TSX listed company focused on the exploration of gold\n projects in Alaska. In addition to the Golden Summit Gold Project, the\n company holds a 100% in lease interest in the Rob Gold Project near the\n Pogo Gold Mine in the Goodpaster Mining District of Alaska and has an\n exploration agreement with option to lease the Vinasale Gold project in\n central Alaska which also hosts a NI 43-101 compliant resource of\n inferred resour...

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