FAIRBANKS, Alaska The Golden Summit produced its first placer gold in 1902. Between 1903 and 1942, shallow high-grade underground gold mining yielded 535,000 oz. Not bad. But FREEGOLD VENTURES of Vancouver is convinced there is more gold in those hills, home to Kinross' Fort Knox mine, the largest gold mine in the state.
Freegold says its previous work on the Golden Summit revealed many high-grade zones and a new mineralized area, called the Currey zone. Drilling in the Currey zone returned grades of 4.9 g/t Au over 19.5 m in a poly-phase hydrothermal breccia. The current program will first test the dip and true width of the zone; then the strike extension will be defined.
Freegold controls three other past producers in the area. Learn more about the company at www.freegoldventures.com.