Freegold Intersects 0.69 g/t Gold over 127 metres Golden Summit Project, Alaska

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[{"type":"text","content":"\n\n\n\n\n\nwww.freegoldventures.com\n\n\nVANCOUVER, March 15, 2012 /CNW/ - Freegold Ventures Limited (TSX: FVL)\n (Frankfurt: FR4N) (\"Freegold\") is pleased to report the results of from its ongoing drill program on\n the Golden Summit Project located near Fairbanks, Alaska.  Drilling is\n presently underway on the project with two rigs. Both rigs are focused\n on the Cleary Hill/Dolphin areas with a goal of tying the Cleary Hill\n Zone into the existing Dolphin Resource in the next resource update.\n The current resource (December 2011) at Dolphin using a 0.35 g/t cutoff\n is 14,840,000 tonnes @ 0.66 g/t Au  - representing 316,000 ounces in\n the indicated category and 50,460,000 tonnes @ 0.61 g/t Au  -\n representing 991,000 ounces in the inferred category.   To date 4,017\n metres of drilling have been completed in the Cleary Hill/ Dolphin\n zones since mid January of which assays have now been reported for\n 1,832 metres. The total program planned for 2012 for Golden Summit is\n 20,000 metres.\n\n\nSignificant new results from the Cleary Hill area are reported below:\n\n\n\n\n\nHole Number\n\n\nHole Inclination\n\n\nDepth ofHole (ft)\n\n\nFrom (ft)\n\n\nTo (ft)\n\n\nInterval\n(ft)\n\n\nInterval\n(m)\n\n\nAug/t\n\n\nCleary Area\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nCL 12-03\n\n\n-55\n\n\n764\n\n\n351\n\n\n514\n\n\n163\n\n\n50\n\n\n0.46\n\n\nCL 12-04b\n\n\n-55\n\n\n807\n\n\n259.5\n\n\n427\n\n\n167.5\n\n\n51\n\n\n0.39\n\n\nCL 12-05\n\n\n-55\n\n\n943\n\n\n307.5\n\n\n724\n\n\n416.5\n\n\n127\n\n\n0.69\n\n\nincl\n\n\n \n\n\n \n\n\n307.5\n\n\n423\n\n\n115.5\n\n\n35.2\n\n\n0.79\n\n\nincl\n\n\n \n\n\n \n\n\n647.5\n\n\n717.5\n\n\n70\n\n\n21.3\n\n\n1.46\n\n\nCL 12-06\n\n\n-55\n\n\n769\n\n\n94.5\n\n\n221\n\n\n126.5\n\n\n38.6\n\n\n0.3\n\n\nCL 12-07\n\n\n-55\n\n\n944\n\n\n75\n\n\n126.5\n\n\n51.5\n\n\n15.7\n\n\n0.53\n\n\n \n\n\n \n\n\n \n\n\n139\n\n\n192\n\n\n53\n\n\n16.2\n\n\n0.65\n\n\nWidth refers to drill hole intercepts, true widths can not be determined\n due to uncertain geometry of mineralization.\n\n\nEach of these reported holes are towards the western edge of the Cleary\n Hill vein system. Current drilling is continuing to move west toward\n the Dolphin resource. Hole CL 12-05 is the southern most hole on the\n western ...

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