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Freegold Core Drilling Extends Depth of Bulk Tonnage Mineralization at Golden Summit.

Publication: PR Newswire
Publication Date: 02-OCT-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
VANCOUVER, Oct. 2 /PRNewswire-FirstCall/ -- Freegold Ventures Limited (TSX: ITF, OTCBB: FGOVF, Frankfurt: FR4) is pleased to announce results from its diamond drilling program at its Golden Summit project outside Fairbanks, Alaska. The first area tested with a small grid of deeper core holes was in the Fence 1 area of the Cleary Hill Vein Swarm, where multiple 75 to 150 foot wide mineralized shear zones were previously identified in closely spaced shallow RAB drill fences. Deeper core drilling in this area indicates that these shear zones can be extended to depth along the strike of the gold mineralization. Significant intercepts of down dip gold mineralization include 303 feet @ 0.027 oz/ton (92.4 m @ 0.93 g/t), 101 feet @ 0.046 oz/ton (30.8 m @ 1.58 g/t) and 55 feet @ 0.18 oz/ton (16.8 m @ 6.29 g/t).

Initial RAB drilling in this area in early 2007 consisted of 3 lines of 51 foot deep holes 20 feet apart. Each line of holes was 15 feet apart (collectively called Fence 1) in order to better determine the variability of the grade along strike. The three lines each encountered a mineralized zone approximately 300 feet wide, with average assays in the zone ranging between 0.74 g/t to 1.02 g/t. Diamond drilling...

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