Freegold Ventures Limited · TSX:FVL
Freegold Ventures — AME Round Up 2022
28 slides from Freegold Ventures's conference presentation, Feb 3, 2022
Slide 1: Freegold Ventures Limited – AME Round Up Presentation
FREEGOLD VENTURES LIMITED AME Round Up Presentation February 3, 2022 TSX:FVL | OTCQX:FGOVF © 2022 Freegold Ventures 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: Management, Board and Share Capitalization
MANAGEMENT Kristina Walcott Alvin Jackson President & CEO VP Exploration & Development SHARE CAPITALIZATION Gordon Steblin Taryn Downing Market Capitalization Chief Financial Officer Corporate Secretary $202 Million TSX:FVL $0.60 Share Price BOARD OF DIRECTORS OTCQX:FGOVF $0.40 Ron Ewing - Chairman
Slide 4: Golden Summit
GOLDEN SUMMIT
Slide 5: Major Projects of the Tintina
MAJOR PROJECTS OF THE TINTINA Golden Summit – Taking its place within the Major Projects of the Tintina GOLDEN SUMMIT Large bulk tonnage gold deposit with potential for a higher-grade corridor along strike and to depth • Road Accessible and Year-round exploration possible • 38,000 metre diamond dr
Slide 6: Infrastructure in a Prolific Gold District
INFRASTRUCTURE IN A PROLIFIC GOLD DISTRICT One of the richest placer gold districts in Alaska GOLDEN SUMMIT Dolphin/Cleary +6.75M ounces of placer gold produced from creeks draining Golden Summit Nearby, Fort Knox has produced +8M ounces through year-round milling and heap leaching Kinross Fort Knox
Slide 7: Geology Fairbanks District
GEOLOGY FAIRBANKS DISTRICT General Geology of the Fairbanks Mining District. Data from Newberry and Others, 1996, modified by Avalon Development and Freegold. © 2021 2022 Freegold Ventures Limited 7
Slide 8: Golden Summit General Property Geology
GOLDEN SUMMIT Dolphin GENERAL PROPERTY GEOLOGY General Geology of the Fairbanks Mining District. Data from Newberry and Others, 1996, modified and Freegold. © 2021 2022 Freegold Ventures Limited 8
Slide 9: Schematic Cross Section – Intrusive Related Gold Deposits
0 Paleo Surface Epithermal SCHEMATIC Advanced Argillic Shallow Au-W-Bi –(Sn) Donlin Creek, CROSS Livengood, Brewery Creek Dike-sill hosted SECTION – Au-Ag-As-Sb-Hg Late and/or Distal Veins INTRUSIVE Ag-Pb-Zn- (Au-Sb-As) Contact Skarn Checkako Nixon Fork RELATED Shallow sheeted veins Ag-Pb-Zn (Au-Sb-
Slide 10: Resource Delineation Timeline
RESOURCE DELINEATION TIMELINE CONTINUING LOW DISCOVERY COSTS Indicated: Indicated: 17,270,000 tonnes at 0.62 g/t 79,800,000 tonnes at 0.66 g/t (341,000 contained ounces) (1,683,000 contained ounces) Inferred: Inferred: Commence 64,440,00 tonnes at 0.55 g/t 248,060,000 tonnes at 0.61 g/t resource dri
Slide 11: Golden Summit Preliminary Economic Assessment
GOLDEN SUMMIT PRELIMINARY ECONOMIC ASSESSMENT Tetra Tech PEA, January 2016 PEA contemplates 01 Initial Oxide heap leach (+80% recovery) a two-stage development 02 Sulphide Processing (+90% recovery) would commence in Year 9 2017: Drilling confirmed northern oxide-expansion potential Pit Grade Contai
Slide 12: Mineralization
MINERALIZATION Auriferous quartz veins (historic mining – Cleary Hill) Photos: Cleary Hill Mine, 1939 Cleary Vein 191.3 g/t /1.52m GSCL 1221 Intrusive hosted quartz stockwork veins and veinlets (tonalite and granite- Dolphin) © 2022 Freegold Ventures Limited 12
Slide 13: Dolphin a Multiphase Intrusive
DOLPHIN A MULTIPHASE INTRUSIVE Granodiorite being cut by leucocratic granite stockwork tonalite being cut by leucocratic granite, with late stage calcite veins GSDL1147 @ 484 metres © 2022 Freegold Ventures Limited 13
Slide 14: Alteration
ALTERATION Most common alteration Silification Sericitization Albitization with Strongly sericitized schist, top of box, 7.5 g/t Sericitic and albitic alteration in stockworked granodiorite carbonate alteration Advanced argillic Argillic altered granodiorite with sulfide veins, 1.025 g/t Intense arg
Slide 15: GSDL2001 Location
GSDL2001 LOCATION Intersected the broadest zone of higher grade mineralization Intense silicification and stockwork 479100E © 2022 Freegold Ventures Limited 15
Slide 16: 2020 GSDL 2001 Tested for Broader Zone of Higher Grade
2020 GSDL 2001 TESTED FOR BROADER ZONE OF HIGHER GRADE Intersected the broadest zone of higher grade mineralization Intense silicification and stockwork Drill hole GSDL2001 GSDL 2001 Original Proposed Interpretation © 2022 Freegold Ventures Limited 16
Slide 17: 2020 Initial Objective
2020 INITIAL OBJECTIVE Test for a broader zones of higher-grade mineralization Drill hole GSDL2001 – first test of this hypothesis Intersected a broad zone of the most intense silification and sericitization present © 2022 2021 Freegold Ventures Limited 17
Slide 18: GSDL2001
GSDL2001 Hole GSDL2001 was collared in the immediate footwall of the Dolphin intrusive Intense silification and veining throughout a broad zone Longest intercept of higher grade at Golden Summit to date (Select photos from 387 – 510 M.) © 2022 2021 Freegold Ventures Limited 18
Slide 19: GSDL2001
GSDL2001 Bottom 20 metres averaged 9.87g/t gold Intense silicification Hole terminated because of hole conditions (Selected photos from near bottom of hole GSDL2001 +500 M.) © 2022 2021 Freegold Ventures Limited 19
Slide 20: Mineralization
MINERALIZATION Hosted within the intrusive and surrounding meta-sediments Cleary Hill, Wackwitz, Colorado and Wyoming veins all comprise the CVS c Multi-phase Dolphin intrusive is the likely driver of the mineralization found in the CVS © 2022 2021 Freegold Ventures Limited Example of higher-grade m
Slide 21: Dolphin and Cleary Higher Grade Zone
DOLPHIN AND CLEARY HIGHER GRADE ZONE GOLDEN SUMMIT: CONNECTING CLEARY TO DOLPHIN Evaluate the extent . of the multiple veins and stockwork vein system that comprise the Cleary Hill Vein Swarm (CVS) Delineate the higher-grade veins with closer drill spacing within the broader zones of higher-grade mi
Slide 22: Current Drill Plan Map
CURRENT DRILL PLAN MAP ~ 38,000 metres completed in 2021 Additional Results Pending Dolphin Instrusive Continuing to expand and define the CVS 479000E 479150E © 2022 2021 Freegold Ventures Limited 22
Slide 23: Golden Summit – Dolphin/Cleary 479000E Section
TOPOGRAPHY: mergeNad27.GRD NUMBER BANDS L/R PATTERN RANGE Au_pbb L 0 to 30000 >= 30000 LOOKING WEST Au_pbb R 300 to 600 600 to 1000 1000 to 5000 5000 to 10000 10000 to 20000 GS2108 20000 to 30000 >= 30000 SECTION SPECS: REF. PT. E, 479000 m 7215300 m EXTENTS 1134 m 896.5 m SECTION TOP, BOT 639.7 m -
Slide 24: Golden Summit – Dolphin/Cleary 479300 Section
S N TOPOGRAPHY: mergeNad27.GRD NUMBER BANDS L/R PATTERN RANGE Au_pbb L 0 to 30000 >= 30000 LOOKING WEST Au_pbb R 300 to 600 600 to 1000 1000 to 5000 5000 to 10000 10000 to 20000 20000 to 30000 >= 30000 GS2101 – drilled to SECTION SPECS: REF. PT. E, 479300 m 7215500 m the north of the EXTENTS 1199 m
Slide 25: Golden Summit Objectives
Evaluate extent of the Cleary Hill Vein Swarm (CVS) Delineate higher grade veins with closer drill spacing Define a potentially higher-grade zone both along strike and to depth in order to increase the overall resource grade GOLDEN SUMMIT: Increase the density of drilling to upgrade the resource cat
Slide 26: Golden Summit Additional Targets
GOLDEN SUMMIT ADDITIONAL TARGETS Looking In The Right Area Over 80 documented gold occurrences 6.75 million ounces of placer gold produced from the streams draining Golden Summit Three other areas with historic production: • American Eagle • Newsboy • Hi Yu © 2022 2021 Freegold Ventures Limited 26
Slide 27: Golden Summit Gold Geochemistry
GOLDEN SUMMIT GOLD GEOCHEMISTRY Extensive Soil Coverage Numerous gold in Soil anomalies >100 ppb in soils over 12.5km Significant Exploration Potential Remaining Resource Area © 2022 2021 Freegold Ventures Limited 27
Slide 28: 2022 Exploration
2022 EXPLORATION Drilling to recommence in February Camp & strict COVID protocols in place in order to limit contact with the community Resource expansion drilling and resource boundary definition Determining the orientation of the higher-grade mineralization intersected in the 2020-2021 program Tes