VANCOUVER, July 28, 2014 /CNW/ - Freegold Ventures Limited
(TSX: FVL, Frankfurt: FR4N) ("Freegold") has further extended the
expiry date of 1,648,297 share purchase warrants ("Warrants") and
50,000 Warrants.
1,648,297 Warrants were issued pursuant to a private placement
completed by the Company on August 2,
2012. The original expiry date of February 2, 2014 was extended to August 2, 2014. These have now been extended to
August 2, 2015. The price of
$0.25 remains the same.
In addition 50,000 Warrants previously issued pursuant to a
private placement completed by the Company on August 15, 2012 have also been extended. The
original expiry date of February 15,
2014 was extended to August 15,
2014 and the Company has now further extended the expiry to
August 15, 2015. The price of
$0.25 remains the same.
No insiders of Freegold hold any warrants described above that
are being amended.
The Company would like to thank its shareholders for their
continued support.
About Freegold Ventures Limited
Freegold is a TSX listed company focused on the exploration of
gold projects in Alaska. Its
flagship project is the Golden Summit Gold Project where a
Preliminary Economic Assessment is currently underway. The Golden
Summit project hosts an indicated NI 43-101 compliant resource of
79,800,000 t grading 0.66 g/t for a total of 1,683,000 oz, and an
inferred resource of 248,060,000 t grading 0.61 g/t for a total of
4,841,000 oz using a 0.3 g/t cut-off. The indicated oxide resource
using a 0.20 g/t cutoff is 25,026,200 t grading 0.55 g/t for a
total of 439,000 oz and the inferred resource is 16,620,510 t
grading 0.47 g/t for a total of 253,000 oz. The resource estimate
was completed by Qualified Person Gary Giroux of Giroux Consultants
in June 2013. The Technical Report
documenting this estimate can be found on the Company's website or
on SEDAR under the Company's profile.
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