VANCOUVER, June 26, 2020 /CNW/
- Freegold Ventures Limited (Freegold) (TSX:
FVL) – At the request of IIROC ("Investment Industry Regulatory
Organization of Canada"), Freegold wishes to confirm
that it is not aware of any material, undisclosed information
that would account for the recent increase in market price and
level of trading volume of its ordinary shares. A 10,000 metre
diamond drill program is currently in progress at Golden Summit. No
results from that program are yet available.
About Freegold Ventures Limited
Freegold is a TSX listed company focused on exploration in Alaska and holds through
leases the Golden Summit Gold Project, near Fairbanks as well the Shorty Creek
Copper –Gold Project near Livengood.
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. The term "Mineral Resource" used
above is defined per NI 43-101. Though Indicated Resources have
been estimated for the Project, this PEA includes Inferred Mineral
Resources that are too speculative for use in defining Reserves.
Standalone economics have not been undertaken for the measured and
indicated resources and as such no reserves have been estimated for
the Project. Please note that the PEA is preliminary in
nature, that it includes inferred mineral resources that are
considered too speculative geologically to have economic
considerations applied to them that would allow them to be
categorized as mineral reserves. There is no certainty that the PEA
will be realized. Mineral resources that are not mineral reserves
do not have demonstrated economic viability. Without limitation,
statements regarding potential mineralization and resources,
exploration results, and future plans and objectives of the Company
are forward looking statements that involve various risks. Actual
results could differ materially from those projected as a result of
the following factors, among others: changes in the price of
mineral market conditions, risks inherent in mineral exploration,
risks associated with development, construction and mining
operations, the uncertainty of future profitability and uncertainty
of access to additional capital. See Freegold's Annual Information
Form for the year ended December 31st,
2019 filed under Freegold's profile at www.sedar.com for a
detailed discussion of the risk factors associated with Freegold's
operations.
SOURCE Freegold Ventures Limited