VANCOUVER, BC, April 25,
2023 /CNW/ - Freegold Ventures Limited (TSX: FVL)
("Freegold" or the "Company"), announces the
appointment of Maurice Tagami to the Freegold Board of
Directors, effective April
24th, 2023.
"We are extremely pleased to welcome Maurice Tagami to the Freegold Board. "
said Kristina Walcott, President and
CEO of Freegold. "Maurice's extensive experience in
metallurgical processes both from the project development and
operational side will be invaluable to Freegold as we continue to
grow our Company. Maurice is already very familiar with the both
the metallurgy at Golden Summit and Shorty
Creek having directed the metallurgical programs which have
been conducted to date on both projects."
Mr. Tagami served as the Vice President, Mining Operations and
later as Technical Ambassador for Wheaton Precious Metals Corp.
from July 2012 to November
2022. He is a Metallurgical Engineer from the University of British Columbia with over 40 years
of experience in mining and mineral processing. He was responsible
for maintaining partnerships with over 20 operating mines and 13
development projects from which Wheaton Precious Metals Corp. has
metal streaming agreements. Mr. Tagami currently serves on the
Board of Maple Gold Mines and Foran
Mining Corporation as the Lead Independent Director.
Previously, he held the positions of President and CEO, with
Keegan Resources Inc. and Senior Project Manager (Onca Puma
Project) with Canico Resource Corp. Mr. Tagami previously
served on the Board of Brett Resources Inc.
About Freegold Ventures
Limited
Freegold is a TSX-listed company focused on exploration in
Alaska and holds the Golden Summit
Gold Project near Fairbanks and
the Shorty Creek Copper-Gold Project near Livengood through
leases.
For further information, please visit www.freegoldventures.com
or contact:
Kristina Walcott, President,
Chief Executive Officer & Director
Telephone: (604) 662-7307
Email: jkw@freegoldventures.com
Forward-looking Information Cautionary Statement
This press release contains statements that constitute
"forward-looking information" (collectively, "forward-looking
statements") within the meaning of the applicable Canadian
securities legislation. All statements, other than statements of
historical fact, are forward-looking statements and are based on
expectations, estimates and projections as at the date of this
press release. Any statement that discusses predictions,
expectations, beliefs, plans, projections, objectives, assumptions,
future events or performance (often but not always using phrases
such as "expects", or "does not expect", "is expected",
"anticipates" or "does not anticipate", "plans", "budget",
"scheduled", "forecasts", "estimates", "believes" or "intends" or
variations of such words and phrases or stating that certain
actions, events or results "may" or "could", "would", "might" or
"will" be taken to occur or be achieved) are not statements of
historical fact and may be forward-looking statements.
Forward-looking statements contained in this press release,
include, without limitation, statements regarding the completion
of, and the use of proceeds from, the Offering. In making the
forward-looking statements contained in this press release, the
Company has made certain assumptions. Although the Company believes
that the expectations reflected in forward-looking statements are
reasonable, it can give no assurance that the expectations of any
forward-looking statements will prove to be correct. Known and
unknown risks, uncertainties, and other factors may cause the
actual results and future events to differ materially from those
expressed or implied by such forward-looking statements. Such
factors include, but are not limited to: availability of financing;
delay or failure to receive required permits or regulatory
approvals; and general business, economic, competitive, political
and social uncertainties. Accordingly, readers should not place
undue reliance on the forward-looking statements and information
contained in this press release. Except as required by law, the
Company disclaims any intention and assumes no obligation to update
or revise any forward-looking statements to reflect actual results,
whether as a result of new information, future events, changes in
assumptions, changes in factors affecting such forward-looking
statements or otherwise. See Freegold's Annual Information Form for
the year ended December 31 2022,
filed under Freegold's profile at www.sedar.com, for a detailed
discussion of the risk factors associated with Freegold's
operations
On January 30, 2020, the World
Health Organization declared the COVID-19 outbreak a global health
emergency. Reactions to the spread of COVID-19 continue to lead to,
among other things, significant restrictions on travel, business
closures, quarantines, and a general reduction in economic
activity. While there has been a reduction in these effects in
recent months, the continuation and re-introduction of significant
restrictions, business disruptions, and related financial impact,
and the duration of any such disruptions, cannot be reasonably
estimated at this time. The risks to Freegold of such public health
crises also include risks to employee health and safety and a
slowdown or temporary suspension of operations in geographic
locations impacted by an outbreak. Such public health crises, as
well as global geopolitical crises, can result in volatility and
disruptions in the supply and demand for various products and
services, global supply chains, and financial markets, as well as
declining trade and market sentiment and reduced mobility of
people, all of which could affect interest rates, credit ratings,
credit risk, and inflation. As a result of the COVID-19 outbreak,
Freegold has implemented a COVID management program and established
a full-service Camp at Golden Summit to attempt to mitigate risks
to its employees, contractors, and community. While the extent to
which COVID-19 may impact Freegold is uncertain, it is possible
that COVID-19 may have a material adverse effect on Freegold's
business, results of operations, and financial condition.
SOURCE Freegold Ventures Limited