A 5,000-ft. reverse circulation drill program by Freegold Recovery (VSE) is now under way on the Golden Summit property 20 miles north of Fairbanks, Alaska, and adjacent to the Fort Knox gold project being developed by Amax Gold.
Additional drilling will be based on results of the first-phase drilling aimed at testing the Too Much Gold target, the focus of a recently completed 12,000-ft. trenching program.
The zone extends over 2,500 ft. along strike, with mineralization open in both directions and at depth.
Drill sites have been prepared in the Trench 6 area where sampling returned values of 0.045 oz. gold per ton for 195 ft., and the trench 2 area which returned values of 0.046 oz. gold over 115 ft.
The Two Much Gold target was extended by Trench 10 where mineralization averaged 0.06 oz. gold over 110 ft., including an interval containing 0.09 oz. gold over 65 ft.
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