The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
2.4m of 82.5 g/t and 113.3m 5.42 g/t gold cut west of deposit North of 60 Mining News - October 11, 2023
So far this year, 34 holes have been drilled in the Dolphin-Cleary Hill area of the Golden Summit property in Alaska.
Click on image for larger Dolphin-Cleary deposit drill map.
Freegold Ventures Ltd. Oct. 11 reported that high-grade gold intercepts cut in holes drilled west of Dolphin-Cleary demonstrate the expansion potential of this 19.7-million-ounce gold deposit on the Golden Summit project about 25 miles north of Fairbanks, Alaska.
According to a March calculation, the Dolphin-Cleary deposit hosts 407.54 million metric tons of open-pit mineable indicated resource averaging 0.92 grams per metric ton (12 million oz) gold, plus 282.3 million metric tons of open-pit inferred resource averaging 0.85 g/t (7.7 million oz) gold.
In March, Freegold launched a drill program focused primarily on testing expansion targets to the north and west of this resource.
Highlights from previously reported assays from the 2023 program include:
• 56.7 meters averaging 1.02 g/t gold in hole GS2301.
• 256 meters averaging 1.01 g/t gold in hole GS2306.
• 244.7 meters averaging 1.13 g/t gold in hole GS2309.
• 21.4 meters averaging 1.67 g/t gold in hole GS2310.
Besides GS2306, an infill hole drilled roughly at the juncture of the Dolphin and Cleary Hill portions of the deposit, these highlighted intercepts are from step-outs north and west of Dolphin.
The latest batch of assays from five additional resource expansion holes includes one standout hole that cut multiple zones of high-grade gold west of the deposit. This hole, GS2314, was drilled from the same pad as GS2309 but angled west instead of north.
Highlights from hole GS2314 include:
• 16.5 meters averaging 2.1 g/t gold from a depth of 125 meters.
• 2.4 meters averaging 82.5 g/t gold from a depth of 293.6 meters.
• 113.3 meters averaging 5.42 g/t gold from a depth of 385.7 meters.
This hole was drilled about 150 meters northeast of GS2241, a 2022 hole that was also drilled toward the west and cut 88.7 meters averaging 1.43 g/t gold. Freegold says these two holes, along with strong gold-in-soil geochemistry, provide further evidence to support the idea that there remains significant expansion potential to the west where drilling is currently in progress.
Freegold reports that multiple occurrences of visible gold have been observed in GS2335, a hole currently being drilled about 250 meters southwest of hole GS2314.
Other highlights from this batch of Golden Summit assays include:
• 112 meters averaging 0.95 g/t gold from a depth of 239.9 meters in hole GS2315.
• 327 meters averaging 0.94 g/t gold from a depth of 211.5 meters in hole GS2317.
Both of these holes were drilled on the western side of the resource angled north.
So far this year, 34 holes have been drilled in the Dolphin-Cleary Hill area of the Golden Summit property. Assays have been reported for 17 of them.
In addition, Freegold is testing the Saddle zone about 4,000 meters east of the resource. So far, six reconnaissance holes have been drilled to assess the historically identified veins at Saddle, along with coinciding gold geochemistry to determine their potential to host additional resources. A seventh hole is in progress.
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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