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Freegold Ventures Updates Resource Estimate for Vinasale Project

Freegold Ventures Limited (FVL.TO) reported the results of a NI43-101 compliant Mineral Resource estimate recently completed on the Vinasale Gold Project.

Indicated resources are 3.41 million tonnes averaging 1.48 g/t Au for 162,000 ounces, and Inferred resources are 53.25 million tonnes averaging 1.05 g/t Au for 1,799,000 ounces of gold utilizing a cutoff value of 0.5 grams/tonne (g/t) as a possible open pit cutoff within the total blocks.

FVL was up 3% to 62 cents, with 52-week range of $0.50 - $1.1.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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