Freegold Intersects 1.12 g/t Gold over 102.7 metres Golden Summit Project, Alaska

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[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Feb. 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. One rig is focused on\n the Cleary Hill/Dolphin area with the other dedicated to exploring the\n bulk tonnage potential of the Christina area which lies 3.3 km to the\n east.\n\n\nDrilling during this phase is evaluating the bulk tonnage potential at\n the Cleary Hill area with a goal of tying the Cleary Hill Zone into the\n existing Dolphin Resource in the next resource update. The current\n resource (December 2011) at Dolphin using a 0.35 g/t cutoff is\n 14,840,000 tonnes @ 0.66 g/t Au  - representing 316,000 ounces in the\n indicated category and 50,460,000 tonnes @ 0.61 g/t Au  - representing\n 991,000 ounces in the inferred category.\n\n\nSignificant new results from the Cleary Hill area are reported below:\n\n\n Hole Number \n\n\nHole Inclination  \n\n\n Depth of Hole (ft)\n\n\n From (ft) \n\n\nTo(ft)\n\n\n  Interval  (ft)\n\n\n  Interval  (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 12-01\n\n\n-55\n\n\n810\n\n\n26\n\n\n46.5\n\n\n20.5\n\n\n6.24\n\n\n2.93\n\n\n \n\n\n \n\n\n \n\n\n374\n\n\n711\n\n\n337\n\n\n102.7\n\n\n  1.12  \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nCL 12-02\n\n\n-55\n\n\n886\n\n\n341\n\n\n  766.5  \n\n\n425.5\n\n\n129.7\n\n\n0.83\n\n\nIncl.\n\n\n \n\n\n \n\n\n611\n\n\n711.5\n\n\n100.5\n\n\n30.6\n\n\n1.62\n\n\nWidth refers to drill hole intercepts, true widths can not be determined\n due to uncertain geometry of mineralization.\n\n\nDrilling to date has identified bulk tonnage style mineralization over a\n 700 metre strike length in the Cleary Hill area. The Dolphin resource\n covers a comparable area with similar grades.  The current program is\n designed to infill the 400 metre area where the northwest-striking\n Cleary Hill zone intersects with the northeast-striking Dolphin zone.\n Additional ex...

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