North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Freegold Ventures Ltd. May 18 reported more wide sections of strong gold mineralization and even wider sections of bulk tonnage gold mineralization were encountered in the latest batch of holes from the 2021 drilling at the Dolphin deposit on the company's Golden Summit project about 20 miles north of Fairbanks, Alaska.

During 2021, Freegold completed more than 38,000 meters of resource expansion around the Dolphin deposit, as well as the adjacent Cleary Hill Vein System, which hosts the historic Cleary Hill Mine that produced 281,000 oz of gold from ore averaging 1.3 oz per ton before the operation was shuttered during World War II.

The latest batch of assay results is from 6,091 meters of drilling completed in 12 holes last year.

Highlights from the latest batch of assays from the Dolphin zone include:

• 216.4 meters averaging 2.02 grams per metric ton gold from a depth of 377 meters in hole GS2147, including a 3.1-meter subsection averaging 59.9 g/t gold.

• 617.8 meters averaging 0.94 g/t gold from a depth of 32.6 meters in hole GS2151, including a 48.8-meter subsection averaging 2.49 g/t gold.

• 28.6 meters averaging 3.97 g/t gold from a depth of 177.8 meters in hole GS2158, including a 1.1-meter subsection averaging 58.4 g/t gold.

Hole GS2147 was drilled roughly 100 meters south of GSDL2003, a 2020 hole that cut 146 meters averaging 0.80 g/t gold from a depth of 306 meters and three meters grading 107 g/t (3.4 oz/t) gold from 504 meters. GS2147 was collared in the immediate footwall of the Dolphin intrusive and remained predominantly in schist until the end of the hole at 593.4. Freegold says this hole further demonstrates higher-grade gold mineralization over broad intervals near the footwall contact of the Dolphin intrusive.

Also collared in the immediate footwall of Dolphin intrusive about 80 meters southwest of GSDL2003, hole GS2151 cut more than 600 meters of nearly 1 g/t gold, including several high-grade subsections.

Freegold Ventures Ltd.

Click on the image for a larger version of the map.

Hole GS2158 was an expansion hole drilled north and east of any previous drilling at Dolphin. The nearest previous holes are nearly 100 meters to the east and south.

Four holes drilled at Cleary tested the surface projection of the Colorado Vein and 100 meters downdip of the historic Cleary Hill mine workings.

The best Cleary intercept was encountered in GS2116, which successfully intersected the near-surface projection of the Colorado vein with a 1.6-meter intercept averaging 42.7 g/t gold from a depth of 37.4 meters.

Assays remain pending for 22 holes drilled during the 2021 program at Golden Summit and are expected over the coming weeks.

Additionally, four drill rigs have been operating at the project since mid-February, and roughly 11,000 meters of drilling have been completed at Golden Summit so far this year.

Author Bio

Shane Lasley, Publisher

Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.

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