Freegold Intersects 1.03 g/t over 149 m at Golden Summit, Alaska

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[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Aug. 2, 2011 /CNW/ - Freegold Ventures Limited (TSX: FVL,\n Frankfurt: FR4N) (\"Freegold\" or the \"Company\") is pleased to provide assays from for hole GSDC\n 11-47 (21) drilled in the Dolphin deposit during the 2011 winter\n program.\n\n\nDrilling in the 2011 program was designed to both upgrade the resource\n category as well as expand the known resource. The Dolphin Zone\n deposit is located at the western edge of the 8 km long property, and\n covers a 400 metre by 400 metre area.\n\n\nUsing a 0.3 g/t cutoff, the current NI 43-101 compliant resource on the\n Dolphin Zone deposit completed earlier this year is:\n\n\nTotal indicated resource is 7,790,000 mt @ 0.695 gpt for a total of\n 174,000 contained gold ounces. Total inferred resource is 27,010,000 mt @ 0.606 gpt for a total of\n 526,000 contained gold ounces. \n\n\nHoles GSDC 11-47 was drilled to a depth of 516 metres (1693 feet) in an\n effort to extend the current resource to depth. Hole GSDC 11-47 (21)\n was drilled 120 metres to the south of Hole TLD 98-01 which intersected\n 161 metres from 11 metres to 172 metres which averaged 0.65 g/t Au as\n well as 47 metres which averaged 1.7 g/t from 245m to 292 m. Hole TLD\n 98-01 was the deepest hole drilled on the property until the 2011 drill\n program. The first deep hole of the 2011 program was GSDC 11-06 (32)\n which was mineralized throughout the entire hole ( 0.68 g/t over 462\n metres). It remains open at depth. Higher grade intercepts included\n 0.81 g/t Au over 166.4 metres with the bottom 19.8 metres averaging\n 0.79 g/t and last 4.6 m averaging 1.3 g/t. For hole locations see\n attached map http://www.freegoldventures.com/i/maps/080211FVL_map.pdf.\n\n\nMineralization in hole GSDC-11-47 is hosted in pervasively\n sericite-altered granodiorite and consists of multiple zones exhibiting\n polyphase quartz-sulfide sheeted veins and sulfide-only veinlets.\n Pervasive silicification and albitization also were noted at several\n locations in the hole. Sulfides average approximately 1%, primarily as\n disseminated pyrite and arsenopyrite with or without accompanying\n arsenopyrite-jamesonite-pyrite veinlets. The intensity of silicate\n alteration, sulfide veining and quartz veining increases to depth. This\n hole represents the deepest drill hole at Dolphin and explores an area\n not previously te...

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