Freegold Ventures Limited · TSX:FVL
Freegold Ventures — Investor Presentation (September 2020)
30 slides from Freegold Ventures's investor presentation, September 2020
Slide 1: Freegold Ventures Limited
FREEGOLD VENTURES LIMITED FVL: TSX September 2020 www.freegoldventures.com
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: Alaska
GOLD AND COPPER IN ALASKA Alaska GOLD AND COPPER IN ALASKA A safe, stable jurisdiction that has a long mining history with significant mineral resources: Gold: 2.5% of world’s gold reserves; 40% of U.S. gold resources ~ 200 million ounces; Over 47 million ounces of gold produced A progressive jurisd
Slide 4: Management and Board of Directors
GOLD AND COPPER IN ALASKA Management Kristina Walcott President & CEO Alvin Jackson VP Exploration & Development Gordon Steblin Chief Financial Officer GOLD AND COPPER IN ALASKA Board of Directors Ron Ewing - Chairman Former Mining Executive –previously Executive VP Lundin Mining David Knight Senior
Slide 5: Share Capitalization
GOLD AND COPPER IN ALASKA STRONG INSTITUTIONAL Share Capitalization SUPPORT OVER 90% O F C A P I TA L R A I S E D FROM INSTITUTIONAL AND S T R AT E G I C Share Price $1.10 INVESTORS GOLD AND COPPER IN ALASKA Market Capitalization $290M Key Shareholders Shares Outstanding 265,937,414 Management & Boa
Slide 6: Two significant projects
GOLD AND COPPER IN ALASKA Two significant projects GOLD AND COPPER IN ALASKA SHORTY CREEK Discovery of a new copper – gold porphyry with the potential for the discovery of several more deposits in the district. GOLDEN SUMMIT A large bulk tonnage gold resource already defined. A 10,000 metre drill pr
Slide 7: Infrastructure in a prolific gold district
GOLD AND COPPER IN ALASKA Infrastructure in a prolific gold district ALASKA INALASKA 30 minute drive from a community of Year round exploration possible. COPPERIN 100,00 people. ANDCOPPER Located in one of the richest placer gold districts in Alaska. GOLDAND Golden Summit GOLD Over 6.75 million ounc
Slide 8: Fairbanks gold district
GOLD AND COPPER IN ALASKA Fairbanks gold district Only One Major Mine in ALASKA INALASKA operation (Kinross – Fort Knox). COPPERIN ANDCOPPER Small scale high-grade production. GOLDAND Significant placer production. GOLD Golden Summit LOW DISCOVERY COST CLOSE TO INFRASTRUCTURE SIGNIFICANT POTENTIAL L
Slide 9: Fairbanks | the American Klondike
GOLD AND COPPER IN ALASKA Fairbanks | the American Klondike Dawson District Fairbanks District Gold Discovered 1896 Gold Discovered 1902 One of 3 placer gold districts One of 65 placer gold districts in in Yukon Alaska Historic placer production ~ Placer Production ~ 8 million ozs 10 million ozs (6.
Slide 10: Golden Summit
GOLD AND COPPER IN ALASKA Golden Summit A Large Bulk Tonnage Gold Project With Significant Expansion GOLD AND COPPER IN ALASKA Potential. Major Expansion Drill Program In Progress Based On Initial 2020 Drill Results. Year Round Drilling Possible. Located 30 minutes drive from Fairbanks in a well -es
Slide 11: Golden Summit resource delineation timeline
GOLD AND COPPER IN ALASKA Golden Summit resource delineation timeline 2011 2011 2012 2013 March December October June • Indicated mineral • Indicated mineral • Indicated mineral • Indicated mineral GOLD AND COPPER IN ALASKA resource 7,790,000 resource resource resource 79,800,000 tonnes at 0.695 g/t
Slide 12: Golden Summit resources
GOLD AND COPPER IN ALASKA Resource delineation began at Golden Summit in 2011. Four resource estimate updates have been Golden Summit completed. Resource delineation has been concentrated only on the western portion of the resources Golden Summit Property. Pit Grade Tonnage Contained Ounces Constrai
Slide 13: Building on the past for the future
GOLD AND COPPER IN ALASKA Building on the past for the future GOLD AND COPPER IN ALASKA Over 80 documented historical gold occurrences. Over 6.75 million ounces of placer gold produced from the streams that drain the project area. Fairbanks District’s highest grade historical lode producers ~ 500,00
Slide 14: Initial 2020 exploration
GOLD AND COPPER IN ALASKA Initial 2020 exploration ALASKA INALASKA Commenced in February 2020 - temporarily suspended in March. COPPERIN ANDCOPPER Hole GSDL2001 was completed to a depth of 548 metres. GOLDAND GSDL 2002 was suspended at 165 GOLD metres due to COVID 19. Completed in June. Spaced 150 m
Slide 15: Initial 2020 drill results
GOLD AND COPPER IN ALASKA Initial 2020 drill results Previous holes in the vicinity of GSDL2001 were largely shallow holes. (<300 metres). Deep drill tests largely confined to the Dolphin intrusive. ALASKA INALASKA COPPERIN From To Int. Au Hole Number Dip Azimuth Depth (m) ANDCOPPER (m) (m) (m) g/t
Slide 16: GSDL2001 core photos
GOLD AND COPPER IN ALASKA GSDL G O L D E N S U M M I T 2001 ANDCOPPER GOLDAND GOLD ALASKA INALASKA COPPERIN Selection of Core Photos From 387 – 510m 16
Slide 17: GSDL2001
GOLD AND COPPER IN ALASKA GSDL 2001 Hole GSDL2001 was collared in the immediate footwall of the Dolphin ALASKA INALASKA intrusive. COPPERIN Photos from near bottom of Hole ANDCOPPER GSDL2001. GOLDAND GOLD 17
Slide 18: Summer/Fall 2020 exploration
GOLD AND COPPER IN ALASKA Summer/Fall 2020 exploration Phase 1 – 10,000 metre drill program GOLD AND COPPER IN ALASKA commenced mid June 15-20 holes initially planned to define the orientation of the higher grade projected vein zone Deep drilling – average + 500m depth Commenced with the completion
Slide 19: Initial Phase 1 2020 hole locations
GOLD AND COPPER IN ALASKA Initial Phase 1 2020 hole locations GOLD AND COPPER IN ALASKA Projected Cleary Vein System Dolphin Intrusive Pre-2020 Drilling 2020 Drill Hole Locations – Actual and Proposed Drill Hole Dip Azimuth Depth of Hole GSDL2001 -80 360 548 GSDL2002 -70 360 576 GSDL2003 -70 360 587
Slide 20: Looking West – GSDL2001
GOLD AND COPPER IN ALASKA Looking West – GSDL2001 Dolphin Intrusive GSDL1311 & GSDL1312 drilled post 2013 resource 130m 20
Slide 21: Mineralization broadens at depth GSDL2002
GOLD AND COPPER IN ALASKA Mineralization broadens at depth GSDL2002 GOLD AND COPPER IN ALASKA Projected Cleary Vein System
Slide 22: Shorty Creek
GOLD AND COPPER IN ALASKA GOLD AND COPPER IN ALASKA Shorty Creek A new Porphyry District 22
Slide 23: Shorty Creek
GOLD AND COPPER IN ALASKA Shorty Creek Located 125 km northwest of Fairbanks 328 State of Alaska mining claims (~ 31,000 acres) Long term lease agreement subject to a 2% NSR GOLD AND COPPER IN ALASKA Granted an Option to Earn 70% of Shorty Creek Property for a US $30 Million Commitment to South32: M
Slide 24: Multiple targets in a 100 sq km area
GOLD AND COPPER IN ALASKA Multiple targets in a 100 sq km area GOLD AND COPPER IN ALASKA 24 Limited drilling at Hill 1835 (5,236 metres) has already identified an area with significant tonnage potential
Slide 25: Hill 1835 plan
GOLD AND COPPER IN ALASKA STRONG INSTITUTIONAL Hill 1835 plan SUPPORT OVER 9 0 % O F C A P I TA L RAISED FROM INSTITUTIONAL A N D S T R AT E G I C Copper mineralization primarily INVESTORS GOLD AND COPPER IN ALASKA associated with magnetic high Key Shareholders Management & Board 4,466,887 Magnetic
Slide 26: Hill 1835 2015/2016 drilling
GOLD AND COPPER IN ALASKA Hill 1835 2015/2016 drilling 2015 - 2016 SC 15-03 Determined copper mineralization is directly associated with magnetic GOLD AND COPPER IN ALASKA high Metres Cu Eq Cu Au Ag From To W03% (m) % % ppm ppm 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
Slide 27: Hill 1835 broad zones of mineralization
GOLD AND COPPER IN ALASKA Hill 1835 broad zones of mineralization SC 17-01 - 100 metre step out from Hole 16-01 From To Metres CuEq Cu% Au g/t Ag g/t W03 % % 83 443 360 0.43 0.24 0.07 4.04 0.03 GOLD AND COPPER IN ALASKA Incl 87 0.63 0.30 0.09 5.0 0.06 SC 17-02 - 125 metre step out from Hole 17-01 Fr
Slide 28: 2019 drill results
GOLD AND COPPER IN ALASKA 2019 drill results SC1901A- 400 metes northeast of Hole SC15-03 Drilled at an azimuth of 135° and dip of -75° Depth From To Metres Cu Au Ag GOLD AND COPPER IN ALASKA (m) (m) (m) (m) % ppm ppm 336.6 225.3 324.4 99.1 0.29 0.014 1.61 SC1903 - 240 metres southwest of Hole SC17-
Slide 29: Not just copper
GOLD AND COPPER IN ALASKA Not just copper Significant Tungsten intercepts include: Hole Number % WO3 Potential by-product over 207 metres credits include gold, SC 16-01 0.045 silver & tungsten GOLD AND COPPER IN ALASKA over 409.6 metres 0.03 SC 16-02 over 93.5 metres incl 0.065 over 87 metres SC 17-
Slide 30: Freegold Ventures Limited
GOLD AND COPPER IN ALASKA FREEGOLD VENTURES LIMITED Projects in Alaska, a safe and stable jurisdiction with a long mining history GOLD AND COPPER IN ALASKA that remains underexplored with significant exploration and development upside PEA completed on Golden Summit with significant additional discov
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