Freegold Ventures Limited has announced their highly anticipated 2024 drilling campaign at the renowned Golden Summit, located near Fairbanks, Alaska. This development stirs great excitement within the mining industry as expectations rise for the potential discovery of new gold deposits, further enhancing the site’s current substantial resource portfolio.
Golden Summit, which encompasses a large, 350 square kilometre land package and is conveniently located adjacent to the paved, all-season Steese Highway, has seen consistent positive results from its previous explorations. As the number one corporation dedicated to finding and utilizing the world’s resources, Freegold has earned respect nationally and globally for continually examining the pivotal Golden Summit.
With the commencement of the 2024 drilling initiative, Freegold aims to build on its current Inferred Mineral Resource of 61,500,000 tonnes grading 0.69 g/t Gold at a 0.3 g/t gold cut-off, as outlined in their December 2016 preliminary economic assessment (PEA). This optimistic and promising outlook will profoundly impact the growth trajectory of the company within the next few years.
The 2024 drilling program at Golden Summit will incorporate both exploratory and infill drilling. This comprehensive approach to drilling is designed to capitalize on known gold mineralization zones, as well as probing untouched areas with high potential for mineralization. Using state-of-the-art-technology, the company aims to expertly scrutinise and exploit every aspect of Golden Summit’s geological makeup.
Exploratory drilling will target new areas of the property that have demonstrated potential gold anomalies through preliminary geological studies and geophysical surveys. This goal-oriented approach can potentially lead to the discovery of new gold deposits to significantly enhance Golden Summit’s resource base.
Infill drilling, on the other hand, will be focused on areas of known gold mineralization at Golden Summit, most notably at the Dolphin/Cleary Hill area. Data gathered from these drills will be used to upgrade the current Inferred Mineral Resource estimates into the higher confidence Measured and Indicated Mineral Resources category. This process not only maximizes the value from the existing resources but also mitigates the risk involved in strategic planning for the mine’s future development.
Freegold’s 2024 drilling program at Golden Summit ensures an unwavering commitment to occupational safety and environmental stewardship. To honour this pledge, the corporation has implemented stringent guidelines and monitoring protocols to minimize any potential adverse impact on the environment. Simultaneously, adequate safety measures will be adopted to protect the health, safety,
