Freegold Ventures Limited · TSX:FVL
Freegold Ventures — Investor Presentation (October 2006)
28 slides from Freegold Ventures's investor presentation, October 2006
Slide 1: Freegold Ventures Limited
FREEGOLD VENTURES LIMITED TSX: ITF US OTCBB: FGOVF Frankfurt: FR4
Slide 2: Freegold Ventures: Corporate Overview
Freegold Ventures: Corporate Overview • TSX, OTCBB and Frankfurt listed gold exploration company • C $18 million market capitalization, C $1 million working capital • Idaho – expanding gold resources before updating 1997 positive feasibility study which called for the development of a 95,000 oz/year
Slide 3: Freegold Ventures: Enhanced Management Team
Freegold Ventures: Enhanced Management Team • Steve Manz – President/CEO joins Oct. 2005 • Michael Gross – VP Exploration joins March 2006 • Edward Fields – Almaden Manager joins April 2006 • Kristina Walcott – VP Business Development • Experienced mine developers, operators, and financiers, with an
Slide 4: Freegold Ventures: Location of Gold Projects
Freegold Ventures: Location of Gold Projects Golden Summit Rob Grew Creek Almaden
Slide 5: Almaden Project, Idaho: Overview
Almaden Project, Idaho: Overview • Acquired 1995, 100% lease interest • Freegold interest earned through delivery of a Feasibility Study in 1997. The study showed positive economics for a 95,000 oz/year open pit, heap leach mine • 2,980 acres, 12 miles east of Weiser, Idaho • Excellent access and ne
Slide 6: Almaden Project: Property Map
Almaden Project: Property Map • Main and North zones total 5,300 feet of strike length with gold mineralization starting at surface and extending up to 400 feet in depth • Well defined by 677 drill holes • 88% of holes less than 100 feet apart, 44% less than 50 feet apart
Slide 7: Almaden Project: Deposit Geometry
Almaden Project: Deposit Geometry Grade X thickness Surface grades Flat lying surface deposit with very Higher grade gold zones hold low waste to ore stripping ratio (0.6:1 together in NNW trend – in 97 study) homogeneous mineralization with no nugget effect
Slide 8: Almaden Project: Metallurgical Testing
Almaden Project: Metallurgical Testing • From 1980 through 1997, metallurgical testing on the project has included: 24,033 fire assays 10,051 cyanide-soluble (HCL assays) assays 214 bottle roll leach tests 188 column leach tests
Slide 9: Almaden Project: Initial Re-evaluation Steps
Almaden Project: Initial Re-evaluation Steps • First pass, new 43-101 compliant resource completed January 2006 Indicated = 551,834 oz (24,778,000 tons @ 0.021 oz/ton) Inferred = 359,802 oz (19,989,000 tons @ 0.018 oz/ton) (A new geological model is being finalized which will bring the resources bac
Slide 10: Almaden Project: 2006 Resource Expansion Program
Almaden Project: 2006 Resource Expansion Program • 34,000 foot resource expansion drilling program commenced July 2006 - continues through December • Each hole is designed to expand resources in the following areas: depth extensions, lateral extensions and open southern strike • New metallurgical te
Slide 11: Almaden Project: Resource Expansion
Almaden Project: Resource Expansion Proposed Holes C-37 500 ft average grade 0.021 opt/Au
Slide 12: Almaden Project: Resource Expansion
Almaden Project: Resource Expansion
Slide 13: Almaden Project: Resource Expansion
Almaden Project: Resource Expansion Proposed Holes
Slide 14: Almaden Project: Project Team
Almaden Project: Project Team • 43-101 Resource: Mine Development Associates • Metallurgical Testing: McClelland Labs • Project Engineers: Hatch Limited / Washington Group • Project Site Manager: Edward Fields
Slide 15: Almaden Project: Deep Feeder Zone Targets
Almaden Project: Deep Feeder Zone Targets • Almaden is similar to mines in northern Nevada (e.g. 7.5 MM oz Ken Snyder) which found bonanza-grade gold in feeder zones under lower grade disseminated ore • No deep holes have ever been drilled at Almaden • Mapping and testing of feeder zone orientation
Slide 16: Golden Summit Project, Alaska: Overview
Golden Summit Project, Alaska: Overview • 7,500 acre highway-accessible project outside Fairbanks • This 8-mile wide property was the heart of the historic Fairbanks mining district – over 7.25 million ounces recovered. Freegold holds 93% interest • High-grade camp – avg. grades from 1902–1942 under
Slide 17: Golden Summit Project: Fort Knox Mine
Golden Summit Project: Fort Knox Mine Golden Summit is located less than 5 miles from the +350,000 oz/year Fort Knox gold mine Fort Knox is a $350 million, 40,000 ton/day low grade (0.88 g/tonne), open pit mine with current pit reserves through 2010
Slide 18: Golden Summit Project: Property Map
Golden Summit Project: Property Map 80 known gold occurrences Current exploration is focused on new high-grade veins near the old Cleary Hill Mine (280,000 oz produced at an average grade of 1.3 oz/ton)
Slide 19: Golden Summit Project: New High-Grade Surface Veins
Golden Summit Project: New High-Grade Surface Veins • October 2005 trenching program intersects high grade veins in wide-spaced surface trenching 1,000 feet south of the Cleary Hill Mine • June 2006 program, designed to test vein continuity along strike, hits numerous multi-ounce intercepts, with ve
Slide 20: Golden Summit Project: On-going Evaluation
Golden Summit Project: On-going Evaluation • Phase 2 = 2,500 feet of supplemental trenching to further extend strike length of veins – in progress • Phase 3 = test mining of a 10,000 ton bulk surface sample from veins – in progress. Program designed to confirm gold grades in larger volumes and to ge
Slide 21: Golden Summit Project: Cleary Hill Area
Golden Summit Project: Cleary Hill Area
Slide 22: Golden Summit Project: Bulk Sample Mining
Golden Summit Project: Bulk Sample Mining
Slide 23: Grew Creek Project, Yukon: Overview
Grew Creek Project, Yukon: Overview • 24 km long property hosting numerous hydrothermal systems within the Tintina Main Zone Trench • Acquired July 2004 • Freegold earning up to 100% interest
Slide 24: Grew Creek Project: Overview (cont.)
Grew Creek Project: Overview (cont.) • Main Zone drilled late 80’s/early 90’s • 147 drill holes define Main Zone mineralization • Historical high grade intercepts within the Main Zone never followed at depth: - 59 feet @ 38.8 g/t (1.13 oz/ton) – hole GRCK-29 - 20 feet @ 54.9 g/t (1.6 oz/ton) – hole
Slide 25: Rob Project, Alaska
Rob Project, Alaska • 100 miles SE of Fairbanks • Property located on the same geological contact as the 4 million oz Pogo mine (400,000 oz/yr) • 4 gold zones previously identified by soil sampling with multi- ounce/ton grab samples from each zone • Limited drilling in 1992 - intercepts as high as 1
Slide 26: Freegold Ventures: Financial Overview
Freegold Ventures: Financial Overview • Market capitalization: C $18 million • C $1 million in working capital • Recent financings: $300,000 ($0.20, January 2006) $1,930,000 ($0.35, March 2006) Share structure: 38,831,020 shares 4,481,000 options 2,767,715 warrants (warrant strike = $0.45)
Slide 27: Freegold Ventures: Why Freegold?
Freegold Ventures: Why Freegold? • New management team with excellent track record of achieving production and creating share value • Maximize value of existing portfolio first and generate internal cash flow ASAP to minimize shares outstanding • Active exploration = fresh and steady news • Reviewin
Slide 28: Freegold Ventures: Disclaimer
Freegold Ventures: Disclaimer UNCERTAINTY OF FORWARD LOOKING STATEMENTS The presentation contains “forward-looking statements”within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and 21E of the U.S. Securities Exchange Act of 1934, as amended, that are intended to be cov
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