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

By Shane Lasley
Mining News 

Expanding the Golden Summit deposit

Drills tap 200m of strong gold on opposite flanks of Dolphin North of 60 Mining News – June 24, 2022


Last updated 6/23/2022 at 3:07pm

A drill tests for gold on Freegold Ventures’ Golden Summit project.

Freegold Ventures Ltd.

At midway through 2022, Freegold Ventures is still receiving assay results from 2021 drilling at its Golden Summit project.

Freegold Ventures Ltd. June 21 reported roughly 200-meter-wide sections of strong gold mineralization in holes drilled on opposite sides of the Dolphin deposit during the company's 2021 drill program at the Golden Summit project about 20 miles north of Fairbanks, Alaska.

According to a 2016 calculation, Dolphin deposit hosts 61.5 million metric tons of indicated resource averaging 0.69 grams per metric ton (1.36 million ounces) gold; and 71.5 million metric tons of inferred resource averaging 0.69 g/t (1.58 million oz) gold.

During 2021, Freegold completed more than 38,000 meters of resource expansion and upgrade drilling at Dolphin, 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 of gold per ton before the operation was shuttered during World War II.

The latest batch of assay results is from 4,164 meters of drilling completed in seven holes on the east and west flanks of the Dolphin deposit.

Highlights from this latest batch of assays from the 2021 drill program at Golden Summit include:

207.2 meters averaging 1.45 g/t gold from a depth of 441.1 meters in hole GS2201, including a 3.1-meter subsection averaging 24.4 g/t gold from 630 meters.

190.2 meters averaging 2.52 g/t gold from a depth of 287.8 meters in hole GS2203, including a 1.3-meter subsection averaging 75.7 g/t gold from 463 meters.

Drilled south of the Tolovana vein on the western flank of the Dolphin intrusive, hole GS2201 cut a much wider section of above-resource-grade mineralization – 506.2 meters averaging 0.88 g/t gold.

Map showing hole locations at Golden Summit project near Fairbanks, Alaska.

Freegold Ventures Ltd.

Click on image for larger map.

Drilled about 500 meters northeast of GS2201 and on the eastern side of the Dolphin intrusive, hole GS2203 continues to expand the deposit to the Cleary Hill area.

Freegold says the latest batch of results continues to demonstrate higher grade gold mineralization over increasing widths downdip within the projected mineralized zone.

Assays are pending from 14 additional holes from the 2021 drill program at Golden Summit.

Freegold launched an initial 20,000-meter 2022 drill program at Golden Summit in February with four drill rigs.

Results from the 2020 and 2021 drilling, as well as several holes from the 2022 program, are expected to be incorporated into an updated pit-constrained resource estimate for Golden Summit in the fourth quarter of this year.

Author Bio

Shane Lasley, Publisher

Over his more than 14 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.

Email: [email protected]
Phone: (907) 726-1095


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