Freegold Continues to Increase Resources At Golden Summit Project, Alaska

About this update from Freegold Ventures Limited

[{"type":"text","content":"\n\n\nVANCOUVER, June 25, 2013 /CNW/ - Freegold Ventures Limited (TSX: FVL,\n Frankfurt: FR4N) (\"Freegold\") is pleased to report the results of an updated NI 43-101 compliant\n Mineral Resource estimate recently completed on the Golden Summit\n Project located near Fairbanks, Alaska. The resource estimate was\n completed by Giroux Consultants Ltd. of Vancouver, BC, Canada.\n\n\nThis update has included 8 additional holes completed since the December\n 2012 Resource was completed (Abrams and Giroux, 2012). Limited\n drillling in 2013 has again expanded the resource with an increase of\n 9% in both categories. In addition for this update an oxide resource\n was calculated. The oxide cap is contained largely within the upper 200\n feet (60 metres) of the resource. To date resource drilling has been\n confined to a 300 metre by 1.5 km area (approx. 110 acres) however the\n entire Golden Summit project area covers an 11,400 acre area and hosts\n numerous other significant exploration targets with potential to host\n additional resources, all of which have an oxide cap in the upper 200\n feet (60 metres).\n\n\nThe indicated and inferred resource using a 0.2 gram/tonne (g/t) cut-off\n for the oxide component is:\n\n\n\n\nDOLPHIN/CLEARY ZONE INDICATED RESOURCE (Oxide Zone)\n\n\nAu Cut-off(g/t) \n\n\nTonnes\n\n\n \n\n\nAu(g/t)\n\n\nContained\n\n\nkgs Au\n\n\nozs Au\n\n\n0.20\n\n\n25,026,200\n\n\n0.55\n\n\n13,660\n\n\n439,000\n\n\n\nDOLPHIN/CLEARY ZONE INFERRED RESOURCE (Oxide Zone)\n\n\nAu Cut-off(g/t) \n\n\nTonnes\n\n\nGrade \n\n\nAu(g/t)\n\n\nContained\n\n\nkgs Au\n\n\nozs Au\n\n\n0.20\n\n\n16,620,510\n\n\n0.47\n\n\n7,860\n\n\n253,000\n\n\n\n\n\nThe indicated and inferred resource using a 0.3 and 0.35 gram/tonne\n (g/t) cut-off for the total resource is:\n\n\n\n\nDOLPHIN/CLEARY ZONE INDICATED RESOURCE (Total)\n\n\nAu Cut-off(g/t) \n\n\nTonnes\n\n\n \n\n\nAu(g/t)\n\n\nContained\n\n\nkgs Au\n\n\nozs Au\n\n\n0.30\n\n\n79,800,000\n\n\n0.66\n\n\n52,350\n\n\n1,683,000\n\n\n0.35\n\n\n68,170,000\n\n\n0.71\n\n\n48,610\n\n\n1,563,000\n\n\n\n\nDOLPHIN/CLEARY ZONE INFERRED RESOURCE (Total)\n\n\nAu Cut-off(g/t) \n\n\nTonnes\n\n\nGrade \n\n\nAu(g/t)\n\n\nContained\n\n\nkgs Au\n\n\nozs Au\n\n\n0.30\n\n\n248,060,000\n\n\n0.61\n\n\n150,570\n\n\n4,841,000\n\n\n0.35\n\n\n213,530,000\n\n\n0.65\n\n\n139,440\n\n\n4,483,000\n\...

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