Precious Metals

FREEGOLD INTERSECTS 3.83 G/T AU OVER 190.8 METRES AND 1.71 G/T AU OVER 370.1 METRES AT GOLDEN SUMMIT

FREEGOLD INTERSECTS 3.83 G/T AU OVER 190.8 METRES AND 1.71 G/T AU OVER 370.1 METRES AT GOLDEN SUMMIT

HIGHLIGHTS:

  • GS2232 3.83 g/t Au over 190.8m
    • Including 174.5 g/t Au over 3 m
    • 1.37 g/t Au over 67.2m
  • GS2215 1.71 g/t Au over 370.1 m
    • Including 119 g/t Au over 3 m
  • GS2236 1.93 g/t Au over 175.3 m
    • Including 5.5 g/t Au over 42.1 m
    • Including 30.1 g/t Au over 3.1 m

 Freegold Ventures Limited (Freegold) (TSX: FVL) (OTCQX: FGOVF) is pleased to report results from an additional nine holes ( 7,753.5m ) from its drill program designed to expand, upgrade and increase the overall resource grade at the Golden Summit Project ("Golden Summit" or the "Project") through systematic drilling.

With over 80 documented gold occurrences and 3 of the highest grade historic producers in the district situated within the property, Golden Summit project represents an exceptional exploration project.  Since 2020 over 83,000 metres in 130 holes have been drilled with results continuing to demonstrate the presence of a robust mineralized system.

Holes GS2226, GS2215, GS2236, GS2227 were drilled in the western portion of the Dolphin deposit.   GS2215 returned an impressive 370.1 metres grading 1.71 g/t, including 3 metres grading 119 g/t Au near the central portion of the Dolphin deposit. GS2232 in the southern portion of the deposit continues to demonstrate the presence of higher-grade mineralization returning 3.83 g/t over 190.8 metres and a further 67.2 metres grading 1.37 g/t Au. Holes G2236 and GS2226 were drilled on the western side of the Tolovana Vein. Drilled to the north, GS2226 continues to expand the mineralization to the north in an area of limited drilling. GS2236, again drilled to the north on the west side of the Tolovana Vein structure returned a broad zone of higher-grade mineralization and further demonstrates expansion potential to the west intersecting 175.3 metres grading 1.93 g/t Au including 42.1 metres grading 5.5 g/t Au.

DOLPHIN

Zone

Hole Number

Depth
(m)

Dip

Azimuth

From
(m)

To
(m)

Interval
(m)

Au g/t

Cut to
88 g/t
Au

Dolphin

GS2211

745.5

-70

360

275.9

319.1

43.2

1.10







436.2

444.1

7.9

1.30







492.4

535.5

43.1

0.86







578.2

608.7

30.5

1.37













GS2213

953

-70

360

190.0

221.0

31.0

0.65







271.5

296.0

24.5

0.91







436.7

471.9

35.2

0.90













GS2215

921.4

-70

360

189.3

224.6

35.3

0.73







291.7

661.8

370.1

1.71

1.46


including




319.1

322.2

3.1

119













GS2226

826.2

-70

360

199.3

238.6

39.3

1.03







447.4

628.8

181.4

0.8







675.9

695.0

19.1

1.38













GS2227

1072

-70

360

374.0

383.1

9.1

1.3







559.9

611.7

51.8

1.04







739.8

815.9

76.1

0.91













GS2232

1008

-70

360

363.0

553.8

190.8

3.83

2.47


including




550.8

553.8

3.0

174.5







632.6

699.8

67.2

1.37



including




663.4

666.2

2.8

12.2













GS2236

736.4

-70

360

53.0

59.0

6.0

1.8







340.5

343.5

3.0

16.7







451.7

627.0

175.3

1.93



including




451.7

492.9

41.2

5.50



including




465.4

468.5

3.1

30.1



including




477.6

480.7

3.1

15.1


The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization .

CLEARY

GS2231 and GS2234 were aimed at testing the downdip extent of the CVS.  Results continue to demonstrate the expansion potential of Golden Summit intersecting narrow high-grade veins within a broader envelope of mineralization.

Zone

Hole Number

Depth
(m)

Dip

Azimuth

From
(m)

To
(m)

Interval
(m)

Au
g/t

Cleary

GS2231

791

-70

360

179.0

225.5

46.5

2.12


including




179.0

213.8

34.8

2.29






486.6

569.0

82.4

0.68











GS2234

700

-70

360

477.0

477.4

0.4

62.70






699.0

761.9

62.9

0.70

The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization.

In the late fall of 2022, a broad spaced NSAMT survey was carried out over the core of the Dolphin deposit. Preliminary 3D inversions show a resistive corridor which appears to track higher grade intervals in the deposit area.   Given the initial preliminary success, additional surveys to expand the coverage in the Dolphin area and well as to cover other prospective targets on the property are being planned.

Links to Drill Plan Map
https://freegoldventures.com/site/assets/files/6143/479850e.pdf
https://freegoldventures.com/site/assets/files/6143/478900e.pdf
https://freegoldventures.com/site/assets/files/6143/planmap_01232023.pdf

The 2020-2022 drill program focused exclusively on the Dolphin Cleary Zone and extended gold mineralization over 1.5 km along strike and to depths of over 1,000 metres. Mineralization in the Dolphin/Cleary is hosted within a broad structural corridor of gold mineralization comprised of the Dolphin stock, a multiphase intrusive complex, and metasedimentary rocks comprised of various schists within which are discrete high-grade veins, veinlets, and areas of vein stockwork which effectively form a vein swarm, that occasionally contain exceptional high grades.  The main Cleary Hill Vein swarm (CVS) mineralization dips to the south. It plunges southwest towards the Dolphin intrusive, with the mineralization increasing in intensity closer to the Dolphin intrusive and especially along the contact margins.

The Dolphin-Cleary is the only area of the project to have a resource delineated. The deposit remains open, particularly to the west/southwest, where Freegold outlined a strong gold in soil geochemical anomaly that has not been drill tested.  Further southwest lies the historic Newsboy Mine, which produced 40,000 ounces at an average grade of 1oz/t.  Other exploration targets within this remarkable project include the Saddle Zone and the Hi Yu area both of which host historic high-grade producers (Saddle Zone – American Eagle 60,000 ounces @ 1.6 oz/t, Hi Yu – 110,000 ounces @ 1.6 oz/t).  The 2023 program will target these areas with the aim of building additional resources.

The highway-accessible Golden Summit project is located approximately 32 km northeast of Fairbanks, Alaska , and was the subject of an intensive drill campaign between January 2011 and August 2013 in which 36,159 metres were drilled. Three resource updates were completed each in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). In January 2016 , a preliminary economic assessment ("2016 PEA") prepared in accordance with NI 43-101 was produced for the Company by Tetra Tech. Limited drilling was conducted between 2013 – 2020 (1,890 metres – of shallow oxide drilling). Since 2020 over 83,826 meters have been drilled, representing the most focused exploration effort ever undertaken on the Golden Summit project.

A sample quality control/quality assurance program was implemented. Drill cores were cut in half using a diamond saw, with one-half placed in sealed bags for preparation and subsequent geochemical analysis by ALS Chemex. All assays were performed by ALS Global Ltd., with sample preparation conducted at the ALS facility in Fairbanks, Alaska , with subsequent studies conducted primarily using its Vancouver and Reno laboratories.

Core samples were prepared using the PREP-31BY package in ALS's Fairbanks facility. Each core sample is crushed to better than 70 % passing a 2 mm (Tyler 9 mesh, US Std. No.10) screen. A split of 1kg is taken and pulverized to better than 85 % passing a 75-micron (Tyler 200 mesh, US Std. No. 200) screen; a portion of this pulverized split is digested by Four Acid and analyzed via ICP-AES (method code ME-ICP61). Fire Assay analyzes all samples with an AAS finish, method code Au-AA23 (30g sample size) and over 10 g/t are automatically assayed using a FA Grav method, Au-GRAV21. Additional Au screening is performed using ALS's Au- SCR24 method; select samples are dry-screened to 100 microns. A duplicate 50g fire assay is conducted on the little fraction and an assay on the entire oversize fraction. Total Au content, individual assays, and weight fractions are reported. Analytical and assay procedures are conducted in ALS's North Vancouver and Reno facilities. A QA/QC program included laboratory and field standards inserted every ten samples. Blanks are inserted at the start of the submittal, and at least one blank every 25 standards, with additional blanks inserted following samples of visible gold.

Freegold has a full-service camp at Golden Summit with COVID-19 protocols in place.

The Qualified Person for this release is Alvin Jackson , PGeo – Vice President of Exploration and Development for Freegold.

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.

Some statements in this news release contain forward-looking information, including, without limitation, statements as to planned expenditures and exploration programs, potential mineralization and resources, exploration results, the completion of an updated NI 43-101 technical report, and any other future plans. 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. See Freegold's Annual Information Form for the year ended December 31st, 2021 , 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

Cision View original content: http://www.newswire.ca/en/releases/archive/January2023/23/c4351.html

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FREEGOLD INTERSECTS 2.56 G/T AU OVER 44 METRES AND 1.58 G/T AU OVER 128.1 METRES AT GOLDEN SUMMIT

FREEGOLD INTERSECTS 2.56 G/T AU OVER 44 METRES AND 1.58 G/T AU OVER 128.1 METRES AT GOLDEN SUMMIT

HIGHLIGHTS:

VANCOUVER, BC , Jan. 18, 2023 /CNW/ - Freegold Ventures Limited (Freegold) (TSX: FVL) (OTCQX: FGOVF) is pleased to report results from an additional eleven holes ( 9,042.1m ) from its drill program designed to expand, upgrade and increase the overall resource grade at the Golden Summit Project ("Golden Summit" or the "Project") through systematic drilling. Results continue to demonstrate a robust mineralized system at Golden Summit.

The past two years have seen the most concerted exploration effort Golden Summit ever undertaken on the project with the drilling of over 83,000 meters holes in 130 holes, additional geophysics (CSAMT and AMT) and soil sampling. The drill program focused exclusively on the Dolphin Cleary Zone and has extended gold mineralization over 1.5 km along strike and to depths of over 1,000 metres. Mineralization in the Dolphin/Cleary is hosted within a broad structural corridor of gold mineralization comprised of the Dolphin stock, a multiphase intrusive complex, and metasedimentary rocks comprised of various schists within which are discrete high-grade veins, veinlets, and areas of vein stockwork which effectively form a vein swarm.  The main Cleary Hill Vein swarm (CVS) mineralization dips to the south. It plunges southwest towards the Dolphin intrusive, with the mineralization increasing in intensity closer to the Dolphin intrusive and especially along the contact margins.

The Dolphin Cleary is the only area of the project to have a resource delineated. The deposit remains open, particularly to the west/southwest, where Freegold outlined a strong gold in soil geochemical anomaly has not  been drill tested.  Further southwest lies the historic Newsboy Mine, which produced 40,000 ounces at an average grade of 1oz/t.

Additional geophysics was completed on the Saddle Zone, which lies 4km east of the Dolphin/Cleary Zone. The Saddle Zone is comprised of series of narrow veins that correlate well with strong gold in soil geochemistry. Like the Cleary Hill Zone, the Saddle Zone also hosts a historic high-grade gold producer, the American Eagle (60,000 ounces at 1.6 oz/t Au).

DOLPHIN

Zone

Hole Number

Depth
(m)

Dip

Azimuth

From
(m)

To
(m)

Interval
(m)

Au
g/t

Dolphin

GS2220

371.9

-70

360

49.6

70

20.4

0.61






135.2

153.5

18.3

1.97






215.9

251

35.1

0.97











GS2216

821.6

-70

360

128.1

569.6

441.5

0.62


including




437.6

473.6

36

1


including




517.5

569.6

52.1

1.22






636.4

638.4

2

58.5











GS2219

715.7

-70

360

329

648

319

0.63


including




329

374

45

0.96


including




450.4

533

82.6

0.87











GS2224

1074.1

-70

360

604.4

955.2

350.8

0.58


including




604.4

668.7

64.3

0.85











GS2210

1188.4

-70

360

523.3

840.3

317

0.67











GS2228

537.7

-70

360

241.3

259.3

18

0.96


including




273.5

317.5

44

2.56


including




298.7

300.9

2.2

25.2






352.7

456.9

104.2

1.23


including




352.7

354.5

1.7

17.3











GS2230

1229.6

-70

360

421.2

866.9

445.7

0.81


including




738.8

866.9

128.1

1.58


including




738.8

741.9

3.1

17.1


including




812

815.4

3.4

17.8






1217

1220

3

13.2











GS2163

732.4

-70

360

121

163.7

42.7

1.1






339.9

370.9

31

2.29






502.2

593.4

91

1

The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization .

Holes GS2228, GS2230, and GS2163 were drilled on the Dolphin side of the CVS, while GS2229 was drilled on the Cleary side.  Holes GS2228 was entirely within schists in the northern part of the CVS, while GS2230 and GS2163 were within intrusive for the upper part of the holes, with the stronger mineralization occurring within the schists in the footwall of the intrusive. GS2229, on the Cleary side, was drilled as a deeper test of the CVS and located approximately 600 metres south of the historic Cleary Hill Mine workings.

Kristina Walcott , President and CEO stated : "The 2020 – 2022 program continues to be tremendously successful returning broad intercepts of higher-grade mineralization, and demonstrates the existence of a broader higher grade corridor within the interpreted CVS".

CLEARY

Drilled in a north-south fence line, GS2229, GS2233, and GS2235 were aimed at testing the downdip extent of the CVS. Results continue to demonstrate the expansion potential of Golden Summit intersecting narrow high-grade veins within a broader envelope of mineralization.

Zone

Hole Number

Depth
(m)

Dip

Azimuth

From
(m)

To
(m)

Interval
(m)

Au
g/t

Cleary

GS2229

796.9

-70

360

485

746

261

0.76


including




572

662

90

1.25


including




656

659

3

13











GS2233

827.8

-70

360

211.3

244.5

33.2

0.86






542

574.1

32.1

0.88











GS2235

746

-70

360

512

557.8

45.8

0.84






594.7

677.8

83.1

1.17


including




665.8

666.8

1

56.8

The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization.

Links to Drill Plan Map & Cross Section – 479350E
https://freegoldventures.com/site/assets/files/6141/drill_plan_map.pdf
https://freegoldventures.com/site/assets/files/6141/section_479350e.pdf

The highway-accessible Golden Summit project is located approximately 32 km northeast of Fairbanks, Alaska , and was the subject of an intensive drill campaign between January 2011 and August 2013 in which 36,159 metres were drilled. Three resource updates were completed each in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). In January 2016 , a preliminary economic assessment ("2016 PEA") prepared in accordance with NI 43-101 was produced for the Company by Tetra Tech. Limited drilling was conducted between 2013 – 2020 (1,890 metres – of shallow oxide drilling). Since 2020 over 83,826 meters have been drilled, representing the most focused exploration effort ever undertaken on the Golden Summit project.

A sample quality control/quality assurance program was implemented. Drill cores were cut in half using a diamond saw, with one-half placed in sealed bags for preparation and subsequent geochemical analysis by ALS Chemex. All assays were performed by ALS Global Ltd., with sample preparation conducted at the ALS facility in Fairbanks, Alaska , with subsequent studies conducted primarily using its Vancouver and Reno laboratories.

Core samples were prepared using the PREP-31BY package in ALS's Fairbanks facility. Each core sample is crushed to better than 70 % passing a 2 mm (Tyler 9 mesh, US Std. No.10) screen. A split of 1kg is taken and pulverized to better than 85 % passing a 75-micron (Tyler 200 mesh, US Std. No. 200) screen; a portion of this pulverized split is digested by Four Acid and analyzed via ICP-AES (method code ME-ICP61). Fire Assay analyzes all samples with an AAS finish, method code Au-AA23 (30g sample size) and over 10 g/t are automatically assayed using a FA Grav method, Au-GRAV21. Additional Au screening is performed using ALS's Au- SCR24 method; select samples are dry-screened to 100 microns. A duplicate 50g fire assay is conducted on the little fraction and an assay on the entire oversize fraction. Total Au content, individual assays, and weight fractions are reported. Analytical and assay procedures are conducted in ALS's North Vancouver and Reno facilities. A QA/QC program included laboratory and field standards inserted every ten samples. Blanks are inserted at the start of the submittal, and at least one blank every 25 standards, with additional blanks inserted following samples of visible gold.

Freegold has a full-service camp at Golden Summit with COVID-19 protocols in place.

The Qualified Person for this release is Alvin Jackson , PGeo – Vice President of Exploration and Development for Freegold.

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.

Some statements in this news release contain forward-looking information, including, without limitation, statements as to planned expenditures and exploration programs, potential mineralization and resources, exploration results, the completion of an updated NI 43-101 technical report, and any other future plans. 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. See Freegold's Annual Information Form for the year ended December 31st, 2021 , 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

Cision View original content: http://www.newswire.ca/en/releases/archive/January2023/18/c3572.html

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FREEGOLD INTERSECTS 1.43 G/T AU OVER 317.8 METRES INCLUDING 3.69 G/T AU OVER 45M

FREEGOLD INTERSECTS 1.43 G/T AU OVER 317.8 METRES INCLUDING 3.69 G/T AU OVER 45M

as well as numerous high-grade intercepts including:

  • 47.6 G/T AU OVER 1.8M
  • 27.8 G/T AU OVER 1.3M
  • 20.2 G/T AU OVER 3.0 M

 Freegold Ventures Limited (Freegold) (TSX: FVL) (OTCQX: FGOVF) is pleased to report results from an additional seven holes ( 5,997.7m ) from its drill program designed to expand, upgrade and increase the overall resource grade at the Golden Summit Project ("Golden Summit" or the "Project") through systematic drilling. Results continue to demonstrate a robust mineralized system at Golden Summit.

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FREEGOLD INTERSECTS 155.5M GRADING 2.57 G/T AU INCLUDING 73.1 M GRADING 4.26 G/T AU AT GOLDEN SUMMIT

FREEGOLD INTERSECTS 155.5M GRADING 2.57 G/T AU INCLUDING 73.1 M GRADING 4.26 G/T AU AT GOLDEN SUMMIT

Freegold Ventures Limited (Freegold) (TSX: FVL) (OTCQX: FGOVF) is pleased to announce results from an additional 6 holes ( 3,925m ) as part of the ongoing drill program designed to expand, upgrade and increase the overall resource grade at the Golden Summit Project ("Golden Summit" or the "Project") through systematic drilling.

Holes GS2136, and GS2221 were drilled to the north in the Tolovana Area. Results from both holes demonstrate the potential for broad zones of higher-grade mineralization.   GS2221 was intended to intersect the downdip of the high-grade mineralization intersected in GS2121 where the bottom 62.4 metres ( 492.9m to 555.3m ) averaged 4.54 g/t Au and included multiple high grade intercepts. GS2221intersected 73.1 m grading 4.26 g/t Au within the lower part of a broader mineralized zone.

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FREEGOLD ANNOUNCES THE WITHDRAWAL OF SOUTH32 FROM THE SHORTY CREEK OPTION AGREEMENT

FREEGOLD ANNOUNCES THE WITHDRAWAL OF SOUTH32 FROM THE SHORTY CREEK OPTION AGREEMENT

Freegold Ventures Limited (TSX: FVL) (OTCQX: FGOVF) (Freegold) announces that South32 Limited (South32) has provided notice of its intention and election not to further fund any further Tranche Payments as defined in, and in terms of, the Option Agreement, and accordingly the Option Agreement has been terminated. Shorty Creek lies approximately 125 road km northwest of Fairbanks, Alaska and 4 kms to the south of the abandoned mining town of Livengood and the all-weather paved Elliott Highway.

The work funded by South32 over the last three years, has provided additional understanding of the mineralization at Shorty Creek with most of the work focused outside of the Hill 1835 target area, where Freegold previously focused its attention. The Hill 1835 area covers a 1,000 metre by 1,500 metre target area with copper mineralization associated with the magnetic high. Additional work by Freegold is expected to focus on the geochemical anomalies, with coincident magnetic highs located throughout the project area as well as additional follow-up in the Hill 1835 Area.

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FREEGOLD INTERSECTS 47.5M GRADING 2.19 GT/ AU WITHIN 203M GRADING 1.17 G/T AU AND 81.5M GRADING 2.49 G/T AU WITHIN 206.8M GRADING 1.78 G/T AU AT GOLDEN SUMMIT

FREEGOLD INTERSECTS 47.5M GRADING 2.19 GT/ AU WITHIN 203M GRADING 1.17 G/T AU AND 81.5M GRADING 2.49 G/T AU WITHIN 206.8M GRADING 1.78 G/T AU AT GOLDEN SUMMIT

Freegold Ventures Limited (Freegold) (TSX: FVL) (OTCQX: FGOVF) is pleased to announce results from an additional twelve holes ( 7,668m ) as part of the ongoing drill program designed to expand, upgrade and increase the overall resource grade at the Golden Summit Project ("Golden Summit" or the "Project") through systematic drilling.

Drilling at Golden Summit continues to successfully delineate broad zones of greater 1 g/t Au mineralization over significant widths. Drilling since 2020 has also demonstrated significant widths of greater than 2 g/t Au within the interpreted Cleary Vein Swarm (CVS). See included sections for further detail.

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AUGUSTA GOLD COMMENTS ON TRADING ACTIVITY

 Augusta Gold Corp. (TSX: G) (OTCQB: AUGG) (FSE: 11B ) (" Augusta Gold " or the " Company ") is issuing this press release in response to recent trading activity of its stock.

Augusta Gold Logo (CNW Group/Augusta Gold Corp.)

Augusta Gold is not aware of any material, undisclosed information related to the Company that would account for the recent decrease in the market price and increase in level of trading volume of its shares of common stock.

The Company further confirms that it has no agreements, paid research relationships or any other marketing arrangements with any parties to provide marketing services to the Company.

About Augusta Gold

Augusta Gold is an exploration and development company focused on building a long-term business that delivers stakeholder value through developing the Reward and Bullfrog gold projects and pursuing accretive M&A opportunities. The Reward and Bullfrog gold projects are located in the prolific Bullfrog mining district approximately 120 miles north-west of Las Vegas, Nevada and just outside of Beatty, Nevada . The Company is led by a management team and board of directors with a proven track record of success in financing and developing mining assets and delivering shareholder value.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/augusta-gold-comments-on-trading-activity-301733953.html

SOURCE Augusta Gold Corp.

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Alianza Minerals Outlines Drilling Plans for 2023 at Haldane Silver Property, YT

Alianza Minerals Outlines Drilling Plans for 2023 at Haldane Silver Property, YT

(TheNewswire)

Alianza Minerals Ltd

Vancouver, BC TheNewswire - January 30, 2023 - Alianza Minerals Ltd. ("Alianza") (TSXV:ANZ ) ( OTC:TARSF) is pleased to provide an outline of drilling and other exploration activities planned for the Haldane silver project in the historic Keno District, Yukon Territory. Work will include airborne electromagnetic and magnetics surveys and drilling at the high grade West Fault silver discovery and the emerging Bighorn silver target.

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RETRANSMISSION: Prismo Metals Announces Definitive Agreement to Acquire Majority Interest in Hot Breccia Property in the Arizona Copper Belt

RETRANSMISSION: Prismo Metals Announces Definitive Agreement to Acquire Majority Interest in Hot Breccia Property in the Arizona Copper Belt

Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) ("Prismo") is pleased to announce that it has signed a definitive agreement (the "Agreement") with Infinitum Copper Corp. (TSXV: INFI) (OTCQB: INUMF) ("Infinitum") to acquire a 75% interest in the Hot Breccia porphyry copper-skarn project (the "Project" or "Hot Breccia") located in the Arizona Copper Belt which is home to some of the largest copper deposits in the world.

The Project consists of 227 mining concessions that lie about four kilometers from the historic Christmas mine which recorded production of about 481.6 Mlbs of copper from 20.2 M tons at a grade of 1.2% Cu plus significant gold and silver (Sources: Arizona Geological Society Spring Field Trip Guide in 2014). The Company has not been able to verify the production information and it is not necessarily indicative of the mineralization on the Hot Breccia property. It is believed that the Hot Breccia property may contain high grade skarn mineralization similar to that originally mined at the Christmas mine and the historical information is being used by the Company solely to plan and guide future exploration.

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Nevada Sunrise Engages McClelland Laboratories Inc. for the Gemini Lithium Project

Nevada Sunrise Engages McClelland Laboratories Inc. for the Gemini Lithium Project

Nevada Sunrise Metals Corp. ("Nevada Sunrise", or the "Company", formerly Nevada Sunrise Gold Corp.) (TSXV: NEV) (OTC: NVSGF) is pleased to announce that it has contracted McClelland Laboratories Inc. of Sparks, NV ("MLI") to perform metallurgical leach tests on samples of lithium mineralization intersected by the Company at the Gemini Lithium Project ("Gemini", or the "Project") in Esmeralda County Nevada. Gemini is located in the Lida Valley, approximately 25 miles (38 kilometres) southwest of the only producing lithium mine in the United States at Silver Peak, Nevada .

Nevada Sunrise Metals Corporation logo (CNW Group/Nevada Sunrise Gold Corporation)

"Nevada Sunrise looks forward to the ongoing collaboration between MLI and our Nevada -based metallurgical consultant, Mr. Willem Duyvesteyn ", said Warren Stanyer , President and CEO of Nevada Sunrise. "We anticipate that the work of MLI's technical team will provide critical information about the lithium mineralization and extractability from sample material generated during our 2022 drilling campaign, to help guide future exploration and development at Gemini."

MLI has offered metallurgical, environmental, analytical testing and consulting services to the mineral exploration industry since 1987 and operates an ISO 17025 accredited facility that provides quality laboratory services during all phases of project development and operation. Willem Duyvesteyn, M.Sc.,  is renowned as an innovator in his field of and is the primary inventor and author of over 100 patents for mineral and hydrocarbon extractive technologies, including numerous applications for the extraction and leaching of metals and minerals from ores, brines, and solutions (see Nevada Sunrise news release dated November 15, 2022 ).

About Gemini

Gemini consists of 582 unpatented placer and lode claims (covering about nine square miles) located in the western Lida Valley, Esmeralda County , approximately 6 miles (10 kilometres) east of the town of Lida, Nevada . The Lida Valley is a flat, arid basin with a similar geological setting to the better-known Clayton Valley basin where Albermarle Corporation operates the Silver Peak lithium brine mine, which has operated continuously since 1966.

Gemini is situated adjacent to the Gold Point Solar Energy Zone, a Bureau of Land Management land reserve set aside for solar and wind power generation projects until 2033. Exploration at Gemini is complemented by the Company's 80.09 acre/feet/year water right, a pre-requisite for the exploration and development of lithium brine projects in Nevada . Under the laws of Nevada , water cannot be pumped from a subterranean source without a valid water permit.

In March 2022 , Nevada Sunrise began drilling geophysical targets at Gemini and intersected significant zones of lithium mineralization in sediment and groundwater in the first two holes (see Nevada Sunrise news release dated June 6, 2022 ). Drilling continues in 2023 with a Phase 2 drilling program of up to six additional holes. Final geochemical analyses for lithium-in-sediments and groundwater are pending for hole GEM23-03, which was completed in mid-December 2022 .

The scientific and technical information contained in this news release has been reviewed and approved by Robert M. Allender, Jr. , CPG, RG, SME and a Qualified Person for Nevada Sunrise as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects .

About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC , Canada , that holds interests in lithium, gold, copper and cobalt exploration projects located in the State of Nevada, USA .

Nevada Sunrise owns 100% interests in the Gemini and Jackson Wash lithium projects, both of which are located in Esmeralda County, NV. The Company owns Nevada water right Permit 86863, located in the Lida Valley basin, near Lida, NV.

The Company's key gold asset is a 20.01% interest at the Kinsley Mountain Gold Project ("Kinsley Mountain") near Wendover, NV. Kinsley Mountain is a joint venture with Copaur Minerals Inc. ("Copaur"), following the completion of a plan of arrangement between Copaur and the Company's former joint venture partner, New Placer Dome Gold Corp.  Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au 1 .

1 Technical Report on the Kinsley Project, Elko County, Nevada , U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin , Ph.D., and Gary L. Simmons , MMSA and filed under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR ( www.sedar.com ).

Nevada Sunrise has the right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV. The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno, NV , with Global Energy Metals Corp. holding an 85% participating interest.

FORWARD LOOKING STATEMENTS

This news release may contain forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward looking statements whether as a result of new information, future events or otherwise.

Such factors include, among others, risks related to the exploration plans at our Nevada lithium projects; reliance on technical information provided by third parties on any of our exploration properties; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays encountered due to pandemic; delays in obtaining governmental approvals, financing, or in the completion of exploration, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Year Ended September 30, 2022 , which is available under Company's SEDAR profile at www.sedar.com .

Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

Neither TSX Venture Exc hange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Nevada Sunrise Gold Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2023/30/c5961.html

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Prismo Metals Announces Definitive Agreement to Acquire Majority Interest in Hot Breccia Property in the Arizona Copper Belt

Prismo Metals Announces Definitive Agreement to Acquire Majority Interest in Hot Breccia Property in the Arizona Copper Belt

Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) ("Prismo") is pleased to announce that it has signed a definitive agreement (the "Agreement") with Infinitum Copper Corp. (TSXV: INFI) (OTCQB: INUMF) ("Infinitum") to acquire a 75% interest in the Hot Breccia porphyry copper-skarn project (the "Project" or "Hot Breccia") located in the Arizona Copper Belt which is home to some of the largest copper deposits in the world.

The Project consists of 227 mining concessions that lie about four kilometers from the historic Christmas mine which recorded production of about 481.6 Mlbs of copper from 20.2 M tons at a grade of 1.2% Cu plus significant gold and silver (Sources: Arizona Geological Society Spring Field Trip Guide in 2014). The Company has not been able to verify the production information and it is not necessarily indicative of the mineralization on the Hot Breccia property. It is believed that the Hot Breccia property may contain high grade skarn mineralization similar to that originally mined at the Christmas mine and the historical information is being used by the Company solely to plan and guide future exploration.

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Aben Resources Announces Share Consolidation, Name and Symbol Change

Aben Resources Announces Share Consolidation, Name and Symbol Change

Aben Resources Ltd. (TSX-V: ABN ) (OTC QB : ABNAF ) (Frankfurt: E2L2 ) ("Aben" or "the Company") announces that the Board of Directors have approved a consolidation of the Company's common shares on the basis of one (1) post-consolidated share for every ten (10) pre-consolidated shares (the "Consolidation").

Currently, the Company has 136,697,345 common shares issued and outstanding. Following the Consolidation, the Company will have approximately 13,669,734 common shares issued and outstanding. No fractional shares will be issued but will instead be rounded as provided for in section 83(1) of the Business Corporations Act (British Columbia).

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