Announced an updated mineral resource estimate for its Golden Summit Project, located near Fairbanks, Alaska. Mineral Resources for the primary resources are reported at a cut-off grade of 0.50 g/t gold and constrained within an open pit shell using a gold price of US$2,490/ounce, US$2.50/t mining cost, US$25 processing cost, US$2.00/t G+A, 92% gold recovery, and a 45° pit slope. Tonnes and ounces rounded to the nearest thousand. Freegold Ventures Limited shares T.FVL are trading up $0.15 at $1.44.
Stocks in play: Freegold Ventures Limited
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