Freegold Intersects 297.6 metres grading 0.79 g/t Au Golden Summit Project, Alaska

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[{"type":"text","content":"\n\n\n\n\n\nwww.freegoldventures.com\n\n\nVANCOUVER, May 1, 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 and was been primarily focused in the Dolphin and Cleary Hill\n Area.  An updated NI43-101 compliant resource was completed on the\n Dolphin Zone in December of 2011 and the current drilling is aimed at\n expanding the current Dolphin resource which, 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.\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\nAu g/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\nGSDL1205\n\n\n-55\n\n\n855\n\n\n70\n\n\n127.5\n\n\n57.5\n\n\n17.5\n\n\n1.59\n\n\n \n\n\n \n\n\n \n\n\n310\n\n\n511.5\n\n\n201.5\n\n\n61.4\n\n\n0.41\n\n\nincluding\n\n\n \n\n\n \n\n\n310\n\n\n315\n\n\n5\n\n\n1.5\n\n\n6.95\n\n\n \n\n\n \n\n\n \n\n\n675\n\n\n835\n\n\n160\n\n\n48.8\n\n\n0.39\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\nGSDL1206\n\n\n-90\n\n\n1647\n\n\n182\n\n\n407\n\n\n225\n\n\n68.6\n\n\n0.81\n\n\nincluding\n\n\n \n\n\n \n\n\n182\n\n\n187\n\n\n5\n\n\n1.5\n\n\n11.95\n\n\n \n\n\n \n\n\n \n\n\n263\n\n\n302\n\n\n39\n\n\n11.9\n\n\n1.9\n\n\nand\n\n\n \n\n\n \n\n\n656\n\n\n1632.5\n\n\n976.5\n\n\n297.6\n\n\n0.79\n\n\nincluding\n\n\n \n\n\n \n\n\n798\n\n\n807\n\n\n9\n\n\n2.7\n\n\n33.1\n\n\nWidth refers to drill hole intercepts, true widths can not be determined\n due to uncertain geometry of mineralization. All assays reported are\n uncut.\n\n\nHole GSDL1205 was collared 60 metres northwest of GSDL1203. GSDL 1203\n averaged 0.49 g/t over the whole hole (350.9 metres) with the bottom\n 30.2 metres averaging 1.15 g/t.\n\n\nHole GSDC1206 was a vertical hole and is the northern most deep hole\n drilled in the Dolp...

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