VANCOUVER, May 21, 2014 /CNW/ - Freegold Ventures Limited
(TSX: FVL, Frankfurt: FR4N) ("Freegold") is pleased to
announce the appointment of Andrew
Partington to the Board of Directors of Freegold effective
immediately. Freegold is extremely pleased to welcome Mr.
Partington to the Board of Freegold and believe he will add
considerable strength with both his strong technical and financial
background.
Mr. Partington was most recently a Partner with Toronto based investment bank Paradigm Capital
Inc. (2003-2013) specializing in corporate advisory, M&A, and
equity raising for mining and metals companies and was also a
Principal with Beacon Group Advisors (2001-2003) - the
precedessor to Paradigm's mining team. In addition Mr.
Partington has served as a mining equity analyst with Deutsche
Bank's Global Mining and Metals team and Newcrest Capital covering
the base metals and gold industries.
Mr. Partington holds a B.Sc. (Hons) Engineering Geology from the
University of Portsmouth and an MBA from York's University's
Schulich School of Business.
About Freegold Ventures Limited
Freegold is a TSX listed company focused on the exploration of
gold projects in Alaska. Its
flagship property is the Golden Summit property located near
Fairbanks, Alaska. Road
accessible, close to industrial strength power and with an
experienced labour force, the Golden Summit project represents an
excellent low risk development project in Freegold. The Golden
Summit Property hosts an indicated NI 43-101 resource of 79,800,000
tonnes averaging 0.66 grams/tonne gold for a total of 1,683,000
ounces and an inferred resource of 248,060,000 tonnes averaging
0.61 grams/tonne gold for a total of 4,841,000 ounces using a 0.30
gram/tonne gold cut-off grade. The resource estimate was completed
by Giroux Consultants Ltd.
Some statements in this news release contain forward-looking
information, including without limitation statements as to planned
expenditures and exploration programs. These statements address
future events and conditions and, as such, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the statements. Such factors include
without limitation the completion of planned expenditures, the
ability to complete exploration programs on schedule and the
success of exploration programs.
SOURCE Freegold Ventures Limited