Description
Freegold is a Canadian gold exploration and development company which has assembled a senior, production-orient-ed management team over the past two years. Freegold's team has an excellent track record, having taken 5 companies to production in the past, and having created over $1 billion of new market capitalization in the process. This team has collectively been involved in the start-up, acquisition, financial turnaround and operation of 11 separate gold producers, with an aggregate production of 1,535,000 oz gold and 9,600,000 oz silver. With this experience, an excellent portfolio of North American projects, new supportive shareholders including Sprott Asset Management and Rob McEwen, and a sound capital/financial structure, Freegold is well along its own path to sustained gold production. Freegold's current assets include three advanced-stage gold projects: the Almaden project in Idaho, and the Golden Summit and Vinasale projects in Alaska. In addition Free-gold is actively exploring its Rob project, an early-stage exploration project also in Alaska.
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In-depth Freegold Ventures Proactive Investors Articles
Recent Freegold Ventures news
- 23/04/2008 Freegold Ventures intersects new high grade structures
- 08/04/2008 Freegold Ventures confirms continuity in gold vein swarm
- 31/03/2008 Freegold Ventures beefs up board of directors
- 13/03/2008 Freegold Ventures confirms gold mineralization
- 28/02/2008 Freegold Ventures starts Phase 2 drillling at Golden Summit
Presentations & Company Media
Related Research & Media
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Company Statement:
Freegold Ventures Limited is a North American exploration and development company with a management team experienced
in mine development and production and a track-record in transitioning exploration companies into gold producers. Current projects include Almaden, Golden Summit, Rob and Vinasale. Almaden was the subject of a 1997 feasibility study which called for the development of a 95,000 oz per year, open pit, heap leach gold deposit. Freegold is currently completing a new 43-101 resource following the completion of a 54,700-foot drill program, which identified extensions to the known gold mineralization, as well as open-ended areas of molybdenum mineralization. On the Golden Summit Project in Alaska, exploration is continuing to discover new high-grade veins and bulk tonnage shear zones. Evaluation and expansion of the mineralized zones is underway though closely spaced shallow drilling, core drilling and bulk sampling using a 1,200-ton per day gravity concentration plant. Exploration continued in 2008 at Freegold's Rob project where drilling continued to insect high-grade gold mineralization. Exploration was also undertaken on the Vinasale Gold deposit in an effort to expand the known 920,000 historical gold resource (not 43-101 compliant).
Current Operations:
Golden Summit, Alaska
Historically over 6.75 million ounces have been recovered from streams that drain the Golden Summit project and an additional 500,000 ounces of lode gold were recovered from past producing mines on the Golden Summit project. Freegold's 7-mile wide property is located less than 5 miles from the 330,000 oz per year Fort Knox gold mine, outside Fairbanks, Alaska. Exploration, on the property over the past two years, has identified multiple bulk-mineable shear zones similar in size and grade to those being mined at nearby Fort Knox. (Read More)
To view a slideshow of Freegold Venture's Golden Summit, Alaska project click HERE.
Almaden Project, Idaho
Located 12 miles east of Weiser, Idaho, Almaden is a 100% controlled large tonnage, low grade deposit that was the subject of a positive feasibility study in 1997 which called for the development of a 95,000 oz/year open pit, heap leach mine.
Previous operators only assayed for gold and silver. Molybdenum mineralization in the North Zone has now been tested in 21 holes on roughly 200 foot spacings that covers an area roughly 1,300 feet long by 500 feet wide. The arithmetic average of the molybdenum intercepts reported to date from these holes is 0.038% MoS2 over an average thickness of 170 feet. (Read More)
Rob Project, Alaska
Acquired in 2002, Freegold holds a 100% lease interest in the Rob Property, located 110 miles southeast of Fairbanks and 20 miles east of the 5.6 million ounce Pogo goldmine. Gold mineralization at Rob exhibits many of the same geological and geochemical characteristics to those found at Pogo. Initial work by Freegold consisted of rock and soil auger sampling, which successfully confirmed the presence of numerous drill ready targets. (Read More)
Vinasale Project, Alaska
In March 2007 Freegold signed a Mineral Exploration Agreement with Option to Lease with Doyon, Limited an Alaskan native corporation on their Vinasale project. Vinasale is located in central Alaska within the same mineralized trend that hosts the 33 million oz Donlin Creek deposit and the operating Nixon Fork gold mine. (Read More)
Management
Morris Medd - Director
Mr. Medd is an independent businessman. He retired as President of the Redpath Group of Companies (1999-2004), world leaders in underground mine development, and a current director of the group. He has served on the board of the Ontario Mining Association.
David Knight - Director
Mr. Knight is a partner with the law firm of Macleod Dixon LLP, who brings with him over 25 years experience in securities and mining law. David's expertise is in the areas of public and private financing, mergers and acquisitions, corporate governance and regulatory compliance, and he represents both issuers and investment dealers on a regular basis. David's representation of numerous clients on property acquisitions and development, and his experience in closing large mining transactions will be of great assistance in helping Freegold continue to grow through in-house project developments and on-going acquisitions.
Robert Jackson - Director
Mr. Jackson holds the Chartered Financial Analyst(r) designation along with Masters Degrees in both mining engineering and business administration. Mr. Jackson is currently the CEO of Tiomin Resources Inc., a TSX listed company involved in the exploration and development of mineral projects in Kenya and Peru. Prior to joining Tiomin in 2006, Mr. Jackson was a founding Director and the Executive Vice President of Corporate Development of Jaguar Mining Inc.
Steve Manz - Director, President and CEO
Mr. Manz holds a B.A.Sc. in geological engineering from the University of Toronto, and an MBA from York University and has been involved in the financing and operation of several North American gold producers over the past 19 years. From 2003 to 2005 Mr. Manz was a financial consultant in the mining and power generation sectors. From 2000 to 2003 he served as the Director of Finance of Energy Development Group, LLC in Connecticut.
Hubert Marleau - Director
Mr. Marleau, a graduate of the University of Ottawa is currently President & CEO of Palos Capital Corp. (1998-present).
For information on Freegold Venture's Management click HERE
Major Shareholders
Share Structure
September 6, 2008
Issued and Outstanding 64,068,760
Options 5,140,000
Warrants* 3,450,000
Performance Shares Outstanding** 563,641
Fully Diluted 73,222,401
Cash Received upon Dilution $9,980,836
* Warrant strike price = $1.60, expiration = June 26, 2009
Contact Information
Corporate Office:
Suite 507 - 1540 West 2nd Avenue
Vancouver, BC, Canada, V6J 1H2
Telephone: 604.662.7307
Facsimile: 604.662.3791
Email: ir@freegoldventures.com
www.freegoldventures.com
Investor Relations Contact:
Mark Feeney - Investor Relations
Telephone: 604.786.2587
Corporate Information
No info available.