Freegold Intersects 207.4 metres of 1.00 g/t Au at Golden Summit, Alaska

About this update from Freegold Ventures Limited

[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Oct. 11, 2011 /CNW/ - Freegold Ventures Limited (TSX: FVL)\n (Frankfurt: FR4N) (\"Freegold\" or the \"Company\") is pleased to provide assays for thirteen holes of\n drilling from the Phase One drill program on the Dolphin Zone on Golden\n Summit, Alaska.\n\n\nA total of 27 holes were completed totaling 6,500 metres during the\n Phase One program. Drilling in this phase was designed both to upgrade\n the resource category as well as expand the known resource. An updated\n NI-43-101 resource estimate is expected to be completed on the Dolphin\n Zone by the end of 2011.   A Phase 2 10,000 metre drilling program was\n initiated in mid August and is expected to continue until March of\n 2012. Drilling has commenced at the Cleary Hill mine prospect where\n Freegold hopes to develop the first NI 43-101 resource in that area.\n\n\nThe current NI 43-101 compliant resource on the Dolphin Zone completed\n 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\n(using a 0.3 g/t cutoff)\n\n\nThe holes drilled in the Phase One program were within and adjacent to\n the main intrusive of the Dolphin Zone. (http://www.freegoldventures.com/i/maps/GS11DH_PR_Oct11b.pdf) and were designed to expand the resource to the east, south and to\n depth.\n\n\nHighlights of the Phase One program to date include - GSDC 11-32  which\n returned 452 m @ 0.68 g/t Au, and GSDC 11-47 which returned 149.2 m @\n 1.02 g/t Au (from 367 - 516.2m).  See press releases dated June 13th, 2011, and August 2nd, 2011 respectively.\n\n\nSignificant intercepts from the currently reported holes include: GSDC\n 11-38 which returned 207.4 m @ 1.00 g/t Au, including 74.1 m @ 2.3 g/t Au, GSDC 11-41 which returned 187 m @ 0.65 g/t Au and GSDC 11-51 which\n returned 56.1 m @ 0.68 g/t Au. Also of note are some significant silver\n intercepts. Highlights include GSDC 11-37, which returned 97.5 m @ 8.00 g/t Ag, Hole GSDC 11-37 also returned 118.6 m grading 0.57 g/t Au. Hole GSDC\n 11-48 returned 24.8 m @ 34.7 g/t Ag.\n\nHole Number\n\n\nDepth of Hole\n\n\nFrom (ft)\n\n\nTo (ft)\n\n\nInterval (ft)\n\n\nInterval (m)\n\n\nAu g/t\n\n\n \n\n\n \n\n\n \n\n...

More updates from Freegold Ventures Limited