Freegold Ventures Limited · TSX:FVL
Freegold Ventures — Investor Presentation (May 2023)
28 slides from Freegold Ventures's investor presentation, May 2023
Slide 1: Freegold Ventures Limited
Freegold Ventures Limited FVL:TSX OTCQX: FGOVF Advancing one of North America's largest undeveloped gold deposits May 2023 © 2 0 2 3 F r e e g o l d V e n t u r e s L i m i t e d
Slide 2: Cautionary Notes
2 Cautionary Notes Forward Looking Statements And Disclaimer This presentation contains “forward-looking information” which may include, but is not limited to, statements with respect to future financial or operating performance of the Freegold Ventures Limited, (the “Corporation”) its subsidiaries
Slide 3: A Major Gold Resource
3 Discovery A Major Gold Resource Exploration Production 12 Million Ounces Indicated (0.92 /gt)* Freegold Ventures Limited is a Canadian- based company that is focused on the 7.7 Million Ounces Inferred (0.85 g/t Au)* exploration and development of gold and copper projects in Alaska. The company's O
Slide 4: Management and Board of Directors
4 Board Of Directors Management Ron Ewing - Chairman Former Mining Executive – previously Executive VP Lundin Mining Kristina Walcott President & CEO (Freegold) Kristina Walcott President & CEO Alvin Jackson, P.Geo, VP Exploration & Development (Freegold) former Discovery Alvin Jackson CEO/COO EuroZ
Slide 5: A Major Gold Resource in an Excellent Location
5 A Major Gold Resource in an Excellent Location Golden Summit is: located a 30-minute drive from Fairbanks, Alaska; the same age as Fort Knox (late Cretaceous) with the mineralization associated with intrusives but Golden Summit also has significant Kinross’s Fort Knox mineralization within the
Slide 6: Redefining Golden Summit
6 Redefining Golden Summit Between 2013 and February 2020 1,900 metres of drilling were completed at Golden Summit as the focus was on Shorty Creek, a copper gold porphyry. In 2019 a thorough data review was conducted to assess the potential of defining a higher- grade resource at Golden Summit. Bet
Slide 7: The Concept
7 The Concept Past historical production at Cleary Hill Mine was from a series of narrow high- grade veins and the ore was hand sorted (281,000 oz Au). Photos: Cleary Hill Mine, 1939 Freegold recognized that the narrow high- grade veins lay within broader mineralized envelopes. GSDL2001 – tested the
Slide 8: Initial Success
8 Initial Success GSDL2001 Intersected: Intense silicification and veining throughout a broad zone; 188 metres grading 3.69 g/t Au – the longest and highest-grade intercept at Golden Summit at its projected target depth. © 2023 Freegold Ventures Limited FVL:TSX FVL:TSXOTCQX: OTCQX:FGOVF FGOVF
Slide 9: Continuing Success
9 Continuing Success Discovery of Higher Grade below the 2016 Conceptual Pit Conceptual Pit from Tetra Tech PEA, January 2016 Since that initial hole in 2020 over 83,000 metres have been drilled. Drilling below the 2016 conceptual pit continues to confirm Freegold’s interpretation of broad zones of
Slide 10: Current Pit Constrained Resource
10 Current Pit Constrained Resource Tetra Tech Resource, February 2023 – A Significant Increase from the Previous Resource. Pit Constrained at $1,792 Au. Pit-Constrained Ox ide Cutoff Au g/t Category Tonnes Au g/t Au Ounces 0.15 Indicated 52,030,000 0.39 657,000 0.15 Inferred 18,187,000 0.47 272,000
Slide 11: Resilient to the Price of Gold
11 Resilient to The Resilient to the Price of Gold Price Of Gold Golden Summit Pit-Constrained Primary Au g/t - 0.45 cut off $1,792 Category Tonnes Au/gpt Au Ounces Indicated 407,544,000 0.92 12,011,000 Inferred 282,303,000 0.85 7,736,000 $1,650 Indicated 405,528,000 0.92 11,960,000 Inferred 272,805
Slide 12: Optionality: Increase Cut off, Increase Grade
12 Optionality Increase Cut off Increase Grade Still Large Golden Summit Pit-Constrained Primary Au g/t - 0.75 cut off $1,792 Category Tonnes Au/gpt Au Ounces Indicated 171,605,000 1.36 7,653,000 Inferred 105,332,000 1.32 4,469,000 For the pit-constrained resource, the mining, processing and G&A cos
Slide 13: Drill Plan Map - 2022
13 Drill Plan Map - 2022 Since 2020 over 83,000 metres have been drilled. Systematically testing for broad zones of higher-grade mineralization. OPEN OPEN ©©2023 2023Freegold FreegoldVentures VenturesLimited Limited FVL:TSX FVL:TSXOTCQX: OTCQX:FGOVF FGOVF
Slide 14: Strong Continuity
14 Strong Surrounding these higher-grade veins are lower grade envelopes, making an ideal bulk tonnage project. Continuity Continued validation of Freegold’s interpretation. OPEN
Slide 15: Open to the North and West
15 Open to the Open to the North and West. Immediate expansion targets potential for higher grade North and coming to surface. West 2023 drilling will test these areas.
Slide 16: Exploration Potential: Multiple Vein Swarms
16 Multiple Vein Swarms Exploration Potential Systematic drilling has primarily been confined to the Dolphin/Cleary Area. A significant number of vein swarms and occurrences remain to be drill tested. Potential for larger mineralized envelopes to surround these narrow high-grade occurrences. © 2023
Slide 17: Exploration Potential: Coincident Gold Geochemistry
17 Coincident Gold Geochemistry Exploration Potential 2022 Soil Over 6.75 million ounces of Sampling placer gold produced from the streams that drain the project area. Extensive Soil Coverage. Numerous gold in Soil anomalies >100 ppb Au over 12.5km. Ground geophysics (CSAMT Current & AMT) completed
Slide 18: Exploration 2023
18 Drilling Underway. 2023 Exploration Testing the Cleary Vein Swarm (CVS) at depth and the area to the west and north and the Cleary, Colorado, Wyoming and Wackwitz along strike to the east. Additional metallurgical test work. Follow-up drilling on geophysical and geochemical anomalies aimed at del
Slide 19: Shorty Creek: A New Porphyry District
19 Shorty Creek A New Porphyry District © 2023 Freegold Ventures Limited FVL:TSX OTCQX: FGOVF
Slide 20: Shorty Creek
20 Shorty Creek Copper Gold Porphyry Potential 2014 125 km northwest of Fairbanks Freegold Acquires Long term lease agreement subject to a 2% NSR 2015 Freegold Makes Initial Discovery SC15-03 91m 0.55% Cu, 0.12 g/t Au, 3.23 g/t Ag Mineralization appears to be associated with the magnetic highs. Mult
Slide 21: Hill 1835
21 Hill 1835 Only on of the target areas on the property. Copper mineralization primarily associated with magnetic high. Magnetic anomaly covers a 1,000m x 1,500 metre area. Open for expansion – drilling conducted between 2015 and 2019. Ground Magnetics with DDH Locations – Hill 1835 © 2023 Freegold
Slide 22: Hill 1835
22 2015/2016 drilling Hill 1835 SC 15-03 – Freegold Discovery Hole Determined copper mineralization is directly associated with magnetic high From To Metres (m) Cu Eq % Cu% Au ppm Ag ppm W03% 78.6 371.2 292.6 0.37 0.26 0.12 3.23 NSV 279.8 371.2 incl 91.4 0.71 0.55 0.14 7.02 NSV SC 16-01 125 metre st
Slide 23: Hill 1835: Broad Zones of Mineralization
23 Broad Zones Of Hill 1835 Mineralization SC 17-01 – 100 metre step out from Hole 16-01 From To Metres (m) Cu Eq % Cu% Au ppm Ag ppm W03% 83 443 360 0.43 0.24 0.07 4.04 0.03 Incl 87 0.63 0.30 0.09 5.0 0.06 SC 17-02 - 125 metre step out from Hole 17-01 From To Metres (m) Cu Eq % Cu% Au ppm Ag ppm W0
Slide 24: Not Just Copper
24 Not Just Copper Significant Tungsten values Recoverable by a gravity circuit Hole Number W03 SC 16-01 0.045 over 207 metres over 409.6 metres SC 16-02 0.03 0.065 over 93.5 metres SC 17-01 0.06 over 87 metres SC 17-02 0.06 over 339 metres SC 18-02 0.045 over 121.15 metres © 2023 Freegold Ventures
Slide 25: 2023 Timeline
25 • Well located, Freegold’s projects are continuing to deliver exciting results FVL:TSX 2023 OTCQX:FGOVF • Updated Mineral Resource Estimate increased the size of Golden Summit making it one of the largest independently owned undeveloped gold resources in North America • Drilling underway Timeline
Slide 26: Appendix
APPENDIX © 2023 Freegold Ventures Limited FVL:TSX OTCQX: FGOVF
Slide 27: Dolphin
Dolphin Multi-phase Dolphin intrusive is the driver of the mineralization found in the CVS – sheeted veins and stockworks. Examples of tonalite and granodiorite vein styles found in the Dolphin. GS2206 538.6 – 586.1m © 2023 Freegold Ventures Limited GS2125 Sheeted Veins FVL:TSX FVL:TSXOTCQX: OTCQX:F
Slide 28: Mineralization in the Surrounding Schist at Cleary and Dolphin
Mineralization In The Surrounding Schist At Both Cleary And Dolphin CLEARY DOLPHIN GS2127 - 232.4 –235.4m GS2125 486.6–489.8m GS2125 – 489.8 – 492.9m 3 metres @ 36.8 g/t Au 3.2m @ 3.69 g/t Au 3.1m @ 9.53g/t Au © 2023 Freegold Ventures Limited FVL:TSX OTCQX: FGOVF