Freegold Outlines 1.7 Million Ounces of Gold at Vinasale, Alaska

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[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, March 29, 2012 /CNW/ - Freegold Ventures Limited (TSX: FVL,\n Frankfurt: FR4N) (\"Freegold\") is pleased to report the results of a NI43-101 compliant Mineral\n Resource estimate recently completed on the Vinasale Gold Project\n located in southwest Alaska on which Freegold entered into an\n Exploration Agreement with an Option to Lease the Vinasale Project from\n Doyon Limited, an Alaskan Native Regional Corporation, in 2007. The\n resource estimate was completed by Giroux Consultants Ltd. of\n Vancouver, BC. Canada.  Inferred resources are 49.3 million tonnes\n averaging 1.09 g/t Au for 1,735,000 ounces of gold utilizing a cutoff\n value of 0.5 grams/tonne (g/t) as a possible open pit cutoff.\n\n\nThe addition of 13 drill holes drilled in 2011 and the expansion of the\n geologic solid have expanded the resource at a 0.5 g/t cut-off by 32.4\n % on tonnage at essentially the same grade for an increase of 30.4 %\n ounces of contained gold from the March 2011 resource estimate.\n\n\nA total of 85 drill holes containing 10,945 gold assays have been\n completed on the project within three areas: the Central, Northeast and\n South Zones. The highest density of drilling has been completed in the\n Central Zone where 41 drill holes totaling 9,948 metres were used in\n estimating the resource for the Central Zone. Gold assays were capped\n at 22.0 -grams/tonne gold.  Composites, 5 metres in length, were used\n to model the grade continuity using semivariograms.  Blocks measuring\n 10 by 10 by 5 metres were populated using Ordinary Kriging.\n\n\nVinasale Central Zone Inferred Resource\n\n Au Cut-off (g/t)\n\n\n Tonnes> Cut-off (tonnes)\n\n\nGrade > Cut-off\n\n\nAu\n  (g/t)  \n\n\nContained\n\n\n  kgs Au  \n\n\nozs Au\n\n\n0.10\n\n\n87,370,000\n\n\n0.74\n\n\n64,570\n\n\n  2,076,000\n\n\n0.15\n\n\n80,380,000\n\n\n0.79\n\n\n63,740\n\n\n2,049,000\n\n\n0.20\n\n\n74,930,000\n\n\n0.84\n\n\n62,790\n\n\n2,019,000\n\n\n0.25\n\n\n70,040,000\n\n\n0.88\n\n\n61,640\n\n\n1,982,000\n\n\n0.30\n\n\n65,620,000\n\n\n0.92\n\n\n60,440\n\n\n1,943,000\n\n\n0.40\n\n\n57,350,000\n\n\n1.00\n\n\n57,580\n\n\n1,851,000\n\n\n0.50\n\n\n49,320,000\n\n\n1.09\n\n\n53,960\n\n\n1,735,000\n\n\n0.60\n\n\n42,250,000\n\n\n1.19\n\n\n50,110\n\n\n1,611,000\n\n\n0.70\n\...

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