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Freegold to Commence Drilling at Golden Summit Gold Project
Freegold to Commence Drilling at Golden Summit Gold Project Canada NewsWire VANC...
About this update from Freegold Ventures Limited
[{"type":"text","content":"\n\n\n\nFreegold to Commence Drilling at Golden Summit Gold Project\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 9, 2017\n\n\n\nVANCOUVER, May 9, 2017 /CNW/ - Freegold Ventures Limited (TSX: FVL, Frankfurt: FR4N) (\"Freegold) is pleased to announce that drilling will commence this week on the Golden Summit Project. The 2017 Phase 1 oxide expansion program is designed to potentially increase the current oxide gold resource. Drilling during Phase One will be focused to the north of the current mineral resource where previously completed RAB (rotary air blast drilling) has identified the potential for higher- grade material.  20 – 25 holes with an average hole depth of 80 metres are currently planned. \n\nBoth the drilling to potentially expand the oxide resource and the metallurgical program underway are aimed at improving the overall project economics. In particular, further oxidation treatment on all identifiable sulphide materials as well as ultra fine grind testwork is being undertaken in an effort to explore grind size vs recovery relationships. In addition to the expansion of the oxide resource upgrading of the inferred mineral resource to the measured and indicated category will also be necessary in order to further advance the project through to pre-feasibility.\n\nAbout Golden Summit\n\nGolden Summit is located 30 minutes drive via paved highway from Fairbanks, Alaska. Well located, a significant advantage for Golden Summit is the excellent supporting infrastructure in the immediate vicinity of the property, as well as in the broader region, including rail and power that will ultimately may allow for the staged development. \n\nThe Golden Summit project was the subject of an intensive drill campaign between January 2011 and August 2013.  A total of 36,159 metres of drilling and three NI 43-101 compliant mineral resource updates were completed.  A preliminary economic assessment (the \"PEA\") was completed in January 2016 - (Press Release January 25th, 2016). Please note that the PEA is preliminary in natur...