Freegold announces updated NI 43-101 compliant resource for Vinasale Project, Alaska and extends warrant expiry

About this update from Freegold Ventures Limited

[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, March 13, 2013 /CNW/ - Freegold Ventures Limited (TSX: FVL, Frankfurt: FR4N)(\"Freegold\") is\n pleased to report the results of a NI43-101 compliant Mineral Resource\n estimate recently completed on the Vinasale Gold Project located in\n southwest Alaska on which Freegold entered into an Exploration\n Agreement with an Option to Lease the Vinasale Project from Doyon\n Limited, an Alaskan Native Regional Corporation, in 2007. The resource\n estimate was completed by Giroux Consultants Ltd. of Vancouver, BC.\n Canada. Indicated resources are 3.41 million tonnes averaging 1.48 g/t\n Au for 162,000 ounces, and Inferred resources are 53.25 million tonnes\n averaging 1.05 g/t Au for 1,799,000 ounces of gold utilizing a cutoff\n value of 0.5 grams/tonne (g/t) as a possible open pit cutoff within the\n total blocks.\n\n\nThe 2012 drill program resulted in an estimation of indicated material\n for the first time and also expanded the inferred category from the\n March 2012 resource estimate.  Of significance is the increase in grade\n in the indicated category and it is anticipated that  additional\n drilling within the core of the Central Zone may have the potential to\n both increase the grade and tonnage within the indicated category.\n\n\nA total of 98 drill holes containing 11,284 gold assays have been\n completed on the project within three areas: the Central, Northeast and\n South Zones. The highest density of drilling has been completed in the\n Central Zone where 53 drill holes totaling 12,352 metres were used in\n estimating the resource for the Central Zone. Gold assays were capped\n at 20 -grams/tonne gold. Composites, 5 metres in length, were used to\n model the grade continuity using semivariograms. Blocks measuring 10 by\n 10 by 5 metres were populated using Ordinary Kriging.\n\n\nVinasale Central Zone Indicated Resource (Total Blocks)\n\n\n\n\nAu Cut-off\n(g/t)\n\n\nTonnes> Cut-off\n(tonnes)\n\n\nGrade > Cut-off\n\n\n\n\nAu\n(g/t)\n\n\nContained\n\n\n\n\nkgs Au\n\n\nozs Au\n\n\n\n\n0.10\n\n\n4,910,000\n\n\n1.11\n\n\n5,460\n\n\n176,000\n\n\n\n\n0.15\n\n\n4,670,000\n\n\n1.16\n\n\n5,440\n\n\n175,000\n\n\n\n\n0.20\n\n\n4,480,000\n\n\n1.21\n\n\n5,400\n\n\n174,000\n\n\n\n\n0.25\n\n\n4,300,000\n\n\n1.25\n\n\n5,370\n\n\n173,000\n\n\n\n\n0.30\n\n\n4,120,000\n\n\n1.29\n\n\n5,310\n\n\n171,000\...

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