07:43 AM EDT, 10/08/2024 (MT Newswires) -- Freegold Ventures Limited ( FGOVF ) on Tuesday announced additional results from the 2024 drilling program.
In a statement Freegold ( FGOVF ) said 27 holes have been completed, with two more currently in progress. It noted the 2024 drill program is "strategically targeting" the western extension for potential additional expansion ahead of the commencement of a pre-feasibility study. It also noted the drilling has been systematically testing the expansion of the west zone, with some holes drilled to the north to delineate mineralization boundaries on the west side (GS2404, GS2409, GS2410). Hole GS2403 was drilled to the northwest and did not reach the target depth.
In addition, Freegold ( FGOVF ) said GS2406, GS2407 and GS2408 "show promising signs" as they follow the historically higher grade veins on the west side of Willow Creek, intersecting multiple higher grade intercepts over significant widths. It added: "As drilling progresses westward, a change in the orientation of the mineralization has been observed, which seems to align with the orientation of the mineralization at the historic Newsboy Mine, where the mineralization dips to the north. Furthermore, the more western holes have revealed larger veins, consistent with historical reports indicating the presence of substantial veins with mineralization dipping northward and to greater depths."