Business
Freegold Updates 2010 Activities
Dec. 30, 2010 (Canada NewsWire Group) -- VANCOUVER, Dec. 30 /CNW/ - Freegold Ventures Limited...
About this update from Freegold Ventures Limited
[{"type":"text","content":"\n\n\n\n Dec. 30, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nVANCOUVER, Dec. 30 /CNW/ - Freegold Ventures Limited (TSX: FVL,\n Frankfurt: FR4N)("Freegold" or the "Company") is pleased to provide an update of its activities\n during 2010.  The Company is focused on gold exploration in Alaska and\n has three primary projects, Golden Summit, Vinasale and the Rob\n Project. Exploration in 2010 was focused on the Golden Summit and\n Vinasale Projects. \n\n\nAt Golden Summit an induced polarization survey was undertaken during\n July. The survey was limited to the western portion of the property\n area and shows good correlation with known mineralization and has\n identified several areas for followup drilling in order to expand the\n known historic resources. Results of the survey will be utilized in\n planning the 2011 drill program at Golden Summit. An expanded\n geophysical program will also be undertaken to cover ground that is\n immediately adjacent to the Golden Summit Project on which Freegold has\n entered into a 20 year mining lease. Under the lease agreement Freegold\n will make annual cash payments of US$100,000 per year and incur US$2.5\n million in exploration expenditures over 4 years.  After four years\n Freegold will be required to make annual advance royalty payments of\n US$100,000 and increase to US$200,000 after 10 years until the\n commencement of commercial production. The property is subject to a 3%\n NSR.  The acqu...