Golden Summit tops 12 million oz gold
Now hosts 407.5M metric tons of 0.92 g/t gold in indicated North of 60 Mining News - February 24, 2023
Last updated 3/11/2023 at 8:27am
Freegold Ventures Ltd. Feb. 23 reported an enormous upgrade to the quality and quantity of the mineral resources at Golden Summit, a now world-class gold project on the northern border of Kinross Gold Corp.'s Fort Knox Mine property in Alaska.
Over the previous three years, Freegold has carried out more than 83,000 meters of systematic resource expansion and upgrade drilling at Golden Summit. W...
For access to this article please sign in or subscribe.
Freegold deserves much, much credit for their dedication and vision. Now that a resource even larger than Fort Knox has been defined, the question is: Will several hundred local skiers, hikers, and snowmachiners kill this project? The resource is currently worth over $20B of which, if mined, would return well over $2B to the state in production royalties, mining license tax, and corporate income tax and over $2B to the U.S. Treasury in federal corporate tax and individual income taxes.
02/24/2023, 10:46 am