Freegold Ventures Limited · TSX:FVL
Freegold Ventures — Investor Presentation (June 2005)
40 slides from Freegold Ventures's investor presentation, June 2005
Slide 1: Freegold Ventures Limited
FREEGOLD VENTURES LIMITED Toronto Stock Exchange : ITF OTC BB: FGOVF
Slide 2: To delineate 3 million ounces in 3 years
To delineate 3 million ounces in 3 years
Slide 3: 4 Cornerstone Approach
4 CORNERSTONE APPROACH •ACQUIRE existing gold deposits and increase ore reserves •EXPLORE Add value to existing projects through exploration •DEVELOP by option/ joint venture with strategic partners •EXIT Outright Sale or Joint Venture or Merger
Slide 4: Current Gold Projects / Current JV Projects
CURRENT GOLD PROJECTS • Grew Creek Gold Project, Yukon • Almaden Gold Deposit, Idaho • Rob Gold Project, Alaska • Golden Summit Project, Alaska CURRENT JV PROJECTS •Union Bay Platinum Project, Alaska
Slide 5: Corporate Overview
CORPORATE OVERVIEW Management and Consultants Chairman, Director Harry Barr President, Director Colin Bird VP, Business Development Kristina Walcott Chief Financial Officer Gordon Steblin Corporate Secretary Taryn Downing Director Hans Van Michaelis Director Hubert Marleau Director Bernard Barlin Ch
Slide 6: Project Locations
PROJ ECT LOCATIONS GREW CREEK PROJECT, YUKON ROB PROJECT, ALASKA JOLDEN SUMMIT PROJECT, ALASKA UNION Bay PGM ALMADEN PROJECT, IDAHO 1997 WGM FEAasIBILiry STUDY Freegold Ventures Limited
Slide 7: 2005 Exploration Budget
2005 EXPLORATION BUDGET • GREW CREEK $ 1.0 M ($750,000 in hand) - extension target drilling • ALMADEN $ 1.0 M deep drilling 2 phases of $500,000 each • UNION BAY JV – US$ 1.1 million funded by Lonmin • GOLDEN SUMMIT/ROB develop projects by Joint Venture
Slide 8: Grew Creek
GREW CREEK YUKON TERRI TORY y Freegold Ventures Limited
Slide 9: Grew Creek
GREW CREEK Alaska Yukon) Territory Grew Creek British’ Columbia 100 200 ol an 500 303 rr rrr es bre \N Freegold Ventures Limited
Slide 10: Grew Creek
GREW CREEK • Low sulphidation epithermal gold deposit • Target Models Bodie Deposit, California + 1 million ounces - 15 gm/t gold Midas Deposit, Nevada + 5 million ounces – 17 gm/t
Slide 11: Grew Creek
GREW CREEK • Road Accessible – 1 km from the Robert Campbell Highway • 40 km west of Faro • 1km from the Whitehorse Power Grid • 370 claims covering 30 km of the Tintina Trench
Slide 12: Grew Creek
GREW CREEK • 1st documented Epithermal Gold Occurrence in Yukon • Dormant Since 1996 DDH-196-06 Main Showing Core at Grew
Slide 13: Drilling orientation by previous operators and Freegold
•Drilling by previous operators oriented north south May be one “bonanza vein” with several fault offsets with a north strike that dips steeply east. •Freegold’s drilling oriented east west
Slide 14: Grew Creek
GREW CREEK • 2004 - 12 hole diamond drill program aimed at determining trend of mineralization • 2005 - 4 hole diamond drill program
Slide 15: Grew Creek
GREW CREEK GC-04 225 • 297 feet grading 2.25 gm/t Au including – 57 feet @ 6.79 gm/t – 6.56 feet @ 14.38 gm/t – 7.5 feet @ 17.77 gm/t gold
Slide 16: Grew Creek
GREW CREEK GC-04 227 • 145 feet grading 4.34 gm/t Au including 100 feet @ 6.05 gm/t 61 feet @ 9.24 gm/t 20.5 feet @ 22.15 gm/t
Slide 17: Grew Creek
GREW CREEK •2004 drilling confirms North trend to mineralization •Tests 3 of the 4 known vein segments Golden Spike Zone •All of the known vein segments open to depth •3 of the 4 segments open to the north/south and to depth •Additional drilling planned
Slide 18: Grew Creek
GREW CREEK NEW TARGET AREAS Km 410 – 15 km west Maverick – 7 km west Rat Creek – 1 km east Tarn Zone – 2 km east Knoll Zone – 3 km east
Slide 19: Almaden Gold
ALMADEN GOLD a classic low sulfidation hot springs gold deposit …NORTHERN NEVADA RIFT…
Slide 20: Slide 20
Slide 21: Almaden Gold
ALMADEN GOLD Bears a remarkable resemblance to gold – silver – mercury occurrences and deposits in the Northern Nevada Rift Midas, et al., formed at 15-15.9 Ma
Slide 22: Almaden Gold
ALMADEN GOLD Previous resource area “Midas Gold Model suggests significant unexplored potential for high grade Gold /Silver mineralization Proposed drilling area for high grade mineralization
Slide 23: Almaden and Midas share a number of similarities
Almaden and Midas share a Numer of similarities Midas is a high-grade deposit – Almaden has similar potential FOCUS OF EXPLORATION 300 – 600 Metre holes aimed at Midas type veins
Slide 24: Almaden is one of over 20 known hot springs systems
Almaden is one of over 20 known hot springs systems in the Weiser area. Regional-scale NNW trending structures are common Evaluation of other hot springs systems should be conducted with high grade targets as prime focus
Slide 25: Rob Project
ROB PROJECT GOODPASTURE DISTRICT, ALASKA
Slide 26: Rob Project
ROB PROJECT PROJECT LOCATION
Slide 27: Teck Cominco - Sumitomo's Pogo Deposit
TECK COMINCO - SUMITOMO’S POGO DEPOSIT • Reserves 5.6M oz at 0.52 opt • Mineralization is Au –As-Bi in low sulphide qtz veins • $280 Million Mine – December 2005 Mill start up • Production 350-500,000 oz per year
Slide 28: Rob Project – History
ROB PROJECT – HISTORY • Limited exploration in the 1930’s • Explored by Sumitomo from 1995 - 1999 • Dropped in 2000 when Pogo moved to development stage • Acquired by Freegold, mid-2001
Slide 29: Rob Project – Summary
ROB PROJECT – SUMMARY • MICHIGAN - +30 opt at surface, large intrusive hosted alteration pattern, never been drilled, immediate drill target • GREY LEAD – Pogo-style mineralization, limited drilling, geophysics needed before additional drilling • LOWER TRENCH – 2 opt at surface, limited drilling, po
Slide 30: Rob Project – 2005
ROB PROJECT – 2005 • Conduct Ground Geophysics Grey Lead, Michigan and O’Reely • Upgrade Grade Soils Using Auger Methods • Complete 10-15,000 Feet of Drilling Grey Lead, Michigan Lower Trench and O’Reely • Acquire Additional Land Holdings
Slide 31: Golden Summit Project
GOLDEN SUMMIT PROJECT FAIRBANKS DISTRICT, ALASKA
Slide 32: Golden Summit
GOLDEN SUMMIT Freegold Ventures Golden Summit Project True North Kinross Gold +2 Million oz Gil Kinross Gold 433,00 Fox @ 00 ? Kinross Gold To Fairbanks | & 5 Fort Knox Mine 7.5 Million oz
Slide 33: Golden Summit
GOLDEN SUMMIT • TARGETS - High Grade and Bulk Mineable • Project area includes the two highest grade producers - Hi-Yu Mine - Cleary Hill Mine • Located 5 miles from the Fort Knox Mine
Slide 34: Golden Summit
GOLDEN SUMMIT Over 80 documented gold occurrences in the Project Area
Slide 35: Golden Summit Project
GOLDEN SUMMIT PROJECT £ @ ATT, / New Drill Holes s@ns —+ 1938-39, 458 days averaged 2.53 opt gold ~~ PHASE 1 TARGET Down plunge extension of the Bankers Stope where underground grades reached +5,000 opt CLEARY HILL MINE Long Section
Slide 36: Golden Summit Project
GOLDEN SUMMIT PROJECT 2004 – Completed Exploration • Phase 1 drilling Cleary Hill mine area – 4,960 ft • Phase 1 trenching Tolovana prospect – 1,725 ft • Phase 1 drilling Tolovana vein swarm – 3,584 ft
Slide 37: Golden Summit
GOLDEN SUMMIT • Drilling in 2004 directed at targets below those previously tested at Cleary Hill and Tolovana, none of our drilling has tested depths below 800 feet. • Nothing is known about the deep high grade potential of the over 80 gold occurrences in the project
Slide 38: The Road Forward.....
The Road Forward…..
Slide 39: 6 Year Performance Chart
6 Year Performance Chart 0.88 0.9 0.8 0.7 0.65 0.62 0.6 0.5 0.5 Low 0.4 0.35 High 0.3 0.21 0.25 0.19 0.19 0.2 0.12 0.06 0.1 0.03 0.04 0 2000 2001 2002 2002 2003 2004 2005
Slide 40: Why Freegold
WHY FREEGOLD • An experienced Management/Exploration Team • A proven track record of acquiring high quality exploration projects . Possesses one of the best exploration property portfolio’s of junior mining companies • Undervalued… several of it’s properties already have known resources and further
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