Freegold Intersects 217.2 metres grading 0.72 g/t Au Golden Summit Project, Alaska

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[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Aug. 7, 2012 /CNW/ - Freegold Ventures Limited (TSX: FVL,\n Frankfurt: FR4N) (\"Freegold\") is pleased to report the results from its ongoing drill program on\n the Golden Summit Project located near Fairbanks, Alaska. Drilling at\n Golden Summit was conducted with two rigs from mid January through\n mid-April with one rig operating from mid May until now.  Drilling has\n been primarily focused in the Dolphin and Cleary Hill Areas. This\n drilling in conjunction with the 3,856 metres drilled in the Cleary\n Hill area last fall will be incorporated in the updated NI 43-101\n resource which is expected to be completed by late September/early\n October.  The current NI 43-101 resource at Dolphin was updated in\n December 2011 which using a 0.35 g/t cutoff, is 14,840,000 tonnes @\n 0.66 g/t Au  - represents 316,000 ounces in the indicated category and\n 50,460,000 tonnes @ 0.61 g/t Au  - and represents 991,000 ounces in the\n inferred category.\n\n\nTo date a total of approximately 35,000 metres have been drilled in the\n Dolphin/Cleary Hill areas of which 11,802 metres have been incorporated\n into the current NI 43-101 compliant resource at Dolphin. Results from\n the ongoing drill program continue to demonstrate the significant\n expansion potential of the Dolphin/Cleary Hill resource areas.\n\n\n\n\n\nHole Number\n\n\nHole Inclination\n\n\nDepth of Hole (ft)\n\n\nFrom (ft)\n\n\nTo(ft)\n\n\nInterval (ft)\n\n\nInterval (m)\n\n\nAug/t\n\n\nDolphin Area\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nGSDL1214\n\n\n-55\n\n\n898\n\n\n33\n\n\n114\n\n\n81\n\n\n24.7\n\n\n0.83\n\n\n \n\n\n \n\n\n \n\n\n187.5\n\n\n231\n\n\n43.5\n\n\n13.3\n\n\n1.08\n\n\n \n\n\n \n\n\n \n\n\n388\n\n\n528\n\n\n140\n\n\n42.7\n\n\n0.50\n\n\n \n\n\n \n\n\n \n\n\n722.5\n\n\n885.5\n\n\n163\n\n\n49.7\n\n\n0.69\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\nGSDL1215\n\n\n-90\n\n\n1789\n\n\n429\n\n\n473\n\n\n44\n\n\n13.4\n\n\n0.40\n\n\n \n\n\n \n\n\n \n\n\n570.5\n\n\n827\n\n\n256.5\n\n\n78.2\n\n\n0.82\n\n\n \n\n\n \n\n\n \n\n\n915.5\n\n\n1075\n\n\n159.5\n\n\n48.6\n\n\n1.21\n\n\n \n\n\n \n\n\n \n\n\n1498\n\n\n1748.5\n\n\n250.5\n\n\n76.4\n\n\n0....

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