Freegold Ventures Limited · TSX:FVL
Freegold Ventures — Investor Presentation (September 2022)
34 slides from Freegold Ventures's investor presentation, September 2022
Slide 1: Freegold Ventures Limited Corporate Presentation
FREEGOLD VENTURES Corporate Presentation September 2022 LIMITED FVL:TSX © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 1
Slide 2: Cautionary Notes: Forward Looking Statements and Disclaimer
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 a
Slide 3: Why Alaska?
WHY ALASKA? • A stable jurisdiction • Long mining history • Significant, underexplored mineral resources • Native land claims resolved in 1971 • Top 5 in the Fraser Institute Investment Attractiveness Index (February 2021 Report) © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 3
Slide 4: Why Freegold?
WHY FREEGOLD? • Advancing GOLDEN SUMMIT through additional drilling and exploration • Continuing exploration at SHORTY CREEK An exploration and development company • Increasing shareholder value focused on offering investors exposure to gold though continued exploration and and copper development We
Slide 5: Highlights
HIGHLIGHTS Two major projects – Gold & Copper Golden Summit Significant gold resource with a major drilling program underway. Since 2020 over 70,000 metres have been drilled – Updated Resource expected Q4 Considerable exploration potential remains – only one area of the project has been systematical
Slide 6: Major Projects of Tintina
MAJOR PROJECTS OF TINTINA © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 6
Slide 7: Management
MANAGEMENT Kristina Walcott Alvin Jackson Gordon Steblin President & CEO VP Exploration & Chief Financial Development Officer Market Capitalization $151 Million BOARD OF DIRECTORS SHARE CAPITALIZATION Ron Ewing - Chairman Alvin Jackson, P.Geo, Former Mining Executive – TSX:FVL $0.41 previously Execu
Slide 8: Golden Summit
Large bulk tonnage gold deposit with potential for a higher-grade corridor along strike and at depth GOLDEN Road Accessible and Year-round exploration possible SUMMIT Drilling Ongoing Updated Resource planned for Q4 2022 © 2022 Freegold Ventures Limited 8
Slide 9: Located in a Prolific Gold District
LOCATED • At both Golden Summit and IN A Fort Knox mineralization is associated with late PROLIFIC Cretaceous intrusives • Golden Summit also has GOLD significant mineralization within the meta-sediments DISTRICT (schist) surrounding the intrusive Golden Summit Fort Knox - Kinross Nearby, Fort Knox
Slide 10: Golden Summit Current Pit Constrained Resource
CURRENT PIT CONSTRAINED RESOURCE GOLDEN Tetra Tech PEA, January 2016 SUMMIT PIT CONSTRAINED GRADE TONNAGE CONTAINED (G/T) AU OUNCES US$1300 GOLD Initial Oxide heap leach (+80% recovery) – Indicated 0.69 61,460,000 1,363,000 top 70m – 0.54 g/t Au Inferred 0.69 71,500,000 1,584,000 Sulphide Processing
Slide 11: Schematic cross section of intrusive related gold deposits
0 SCHEMATIC Paleo Surface Advanced Argillic Epithermal Au-W-Bi –(Sn) Donlin Creek, CROSS Shallow Livengood, Brewery Creek Dike-sill hosted SECTION – Au-Ag-As-Sb-Hg Late and/or Distal Veins Ag-Pb-Zn- (Au-Sb-As) INTRUSIVE Contact Skarn Checkako Nixon Fork Shallow sheeted veins Ag-Pb-Zn (Au-Sb-As) RELA
Slide 12: Golden Summit: A New Chapter
GOLDEN SUMMIT A New Chapter © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 12
Slide 13: A Different Approach
A DIFFERENT APPROACH Historically the Cleary Hill Mine was Photos: Cleary Hill Mine, 1939 developed on a series of narrow high- grade veins and the ore was hand sorted Drilling by Freegold intersected multiple narrow high-grade veins GSCL1221 – Cleary Vein Freegold recognized that these narrow high-
Slide 14: GSDL2001
GSDL2001 Collared in the footwall of the Dolphin intrusive, it was designed to test for potential higher grades in the areas between Dolphin and Cleary Intersected: Intense silification and veining throughout a broad zone The longest intercept of higher grade at Golden Summit to date and was hosted
Slide 15: The CVS
THE CVS Cleary Vein Swarm Cleary Hill, Colorado, Wyoming, and Wackwitz veins are not one vein but instead are zones consisting of a Mineralization dips to the south wealth of small high-grade and plunges to the southwest veins within a given area (vein swarm) surrounded by a broader envelope of mine
Slide 16: Drill Plan Map
DRILL PLAN MAP Since 2020 over 70,000 metres have been drilled The program is designed to systematically test for broad zones of higher- grade mineralization and to expand the current pit- constrained resource The 2022 program remains ongoing - 28,000 metres drilled to date © 2022 FreegoldVentures 2
Slide 17: Dolphin
DOLPHIN GS2206 GS2206 583.6 – 586.1m 583.6 – 586.1m Multi-phase Dolphin intrusive is the driver of the mineralization found in the CVS – sheeted veins and stockworks Intrusive hosted sheeted quartz veins, stockwork veins and veinlets (tonalite and granite- Dolphin) represent the bulk of the current
Slide 18: Dolphin/Cleary Mineralization in the Surrounding Schist
MINERALIZATION IN THE SURROUNDING DOLPHIN/ SCHIST AT BOTH CLEARY AND DOLPHIN CLEARY CLEARY GS2125 486.6–489.8m 3.2m @ 3.69 g/t Au DOLPHIN GS2127 - 234.4 –235.4m GS2125 – 489.8 – 492.9m 3 metres @ 36.8 g/t Au 3.1m @ 9.53g/t Au © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 18 © 2022 F
Slide 19: Broad Zones
Drilling in the Cleary Area is intersecting broad zones of higher-grade mineralization at depth, like that seen in the Dolphin Area BROAD Intrusive intersected at depth at Cleary ZONES Mineralization dips to the south and plunges to the southwest Cleary Dolphin © 2022 FreegoldVentures 2022 Freegold
Slide 20: Broad Zones Higher Grade Zones Below the Proposed Pit - 2016 PEA
HIGHER GRADE ZONES BELOW THE BROAD PROPOSED PIT- 2016 PEA ZONES Evaluating the Cleary Hill Vein Swarm (CVS) both along strike and to depth aimed at increasing and expanding the overall pit constrained resource Delineating higher grade zones with closer drill spacing © 2022 FreegoldVentures 2022 Free
Slide 21: Projected Higher Grade Corridors
PROJECTED HIGHER GRADE CORRIDORS © 2022 Freegold Ventures Limited 21
Slide 22: 479000E
479000E Drilled on the northern side of the Tolovana vein zone. Intersected 41.4 metres grading 3.99 g/t Au within a broad zone of 296.3 metres grading 1.4 g/t Au Historical Mapped Veins Existing Resource Area © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 22 © 2022 Freegold Ventures
Slide 23: 479300E
479300E Drilling to the north of the contact of the Dolphin intrusive. Continues to show broad zone of +1g/t mineralization with significant sections better than 1.5 g/t Au. Shallowing of the mineralization to the Historical Mapped Veins north as projected Existing Resource Area © 2022 FreegoldVentu
Slide 24: Vein Swarms: More Resources?
VEIN MORE RESOURCES? SWARMS Systematic drilling has primarily been confined to the Dolphin/Cleary Area A significant number of vein swarms and occurrences remain to be evaluated Historical Mapped Veins Potential for larger mineralized envelopes to surround these narrow Existing Resource Area high-gr
Slide 25: Gold Geochemistry - Gold in Soils
GOLD GEOCHEMISTRY – GOLD IN MORE RESOURCES? SOILS Over 6.75 million ounces of placer gold produced from the streams that drain the project area Extensive Soil Coverage Numerous gold in Soil anomalies >100 ppb in soils over 12.5km Follow up drilling planned on areas that are prospective to host addit
Slide 26: 2022 Exploration
2022 EXPLORATION Resource expansion drilling– updated resource expected Q4 – 2022 Testing the Cleary Vein Swarm (CVS) at depth and the area to the south – including the Wyoming, Wackwitz along strike and to the east Additional metallurgical test work Follow-up drilling on geophysical and geochemical
Slide 27: Shorty Creek: A New Porphyry District
SHORTY CREEK A New Porphyry District © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 27
Slide 28: Shorty Creek
SHORTY CREEK 125 km northwest of Fairbanks 328 State of Alaska mining claims (~ 31,000 acres) Long term lease agreement subject to a 2% NSR Copper Gold Porphyry Potential © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 28
Slide 29: Shorty Creek Multiple Target Areas
MULTIPLE TARGET AREAS SHORTY CREEK Multiple targets in a 100 sq km area Mineralization appears to be associated with the magnetic highs Copper, gold, silver and tungsten mineralization Hill 1835 – already represents a significant target area © 2022 FreegoldVentures 2022 Freegold Ventures Limited Lim
Slide 30: Hill 1835
HILL 1835 Copper mineralization primarily associated with magnetic high Magnetic anomaly covers a 1,000m x 1,500 metre area Only one of the target areas on the property Ground Magnetics with DDH Locations – Hill 1835 © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 30 © 2022 Freegold V
Slide 31: Hill 1835 2015/2016 Drilling
HILL 1835 2015/2016 DRILLING 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 step
Slide 32: Broad Zones of Mineralization Hill 1835
BROAD ZONES OF MINERALIZATION HILL 1835 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 W03% 77 4
Slide 33: Not Just Copper
NOT JUST COPPER • Significant Tungsten values • Recoverable by a gravity circuit Hole Number W03 © 2022 FreegoldVentures 2022 Freegold Ventures Limited Limited 33
Slide 34: Discovery, Exploration, & Production Experience
DISCOVERY, EXPLORATION, & PRODUCTION EXPERIENCE Well located, Freegold’s projects are continuing to deliver exciting results with significant additional discovery potential Ongoing Drill Results Updated Mineral Resource Estimate – Golden Summit Q4 - 2022 FVL:TSX OTCQX: FGOVF © 2022 FreegoldVentures
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