Gold

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.

Gold mineralization in the Dolphin/Cleary area 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. Drilling and historical shallow underground mining has intersected this gold mineralization from surface to depths of over 1,000 m from the Dolphin stock in the west to the Cleary Hill mine workings in the east, a distance of over 1.5km. Gold mineralization is hosted within high-grade quartz veins and silicified zones that occur within a broader lower-grade envelope of quartz stockwork mineralization. Drilling continues to successfully delineate these higher-grade veins and the encompassing lower-grade stockwork mineralization to depths well below the depths of the previous drilling and well outside of the current pit-constrained gold resource.

Sections 478950E & 479000E

Zone

Hole
Number

Depth (m)

Dip

Azimuth

From
(m)

To (m)

Interval
(m)

Au g/t

DOLPHIN

2204

707.1

-70

360

7

60

53

0.31






66.1

102.7

36.6

0.83






310.3

702.9

392.6

0.79


including




419.2

476.4

57.2

1.15






546.5

588.2

41.7

1.18


including




633.1

702.9

69.8

1.09






701

702.9

1.9

16.15


2206

858.6

-70

360

8

69.2

61.2

0.26






383.1

586.1

203

1.17


including




538.6

586.1

47.5

2.19






684.9

822

137.1

0.83






819

822

13.9

3

Section 479150E

Zone

Hole
Number

Depth
(m)

Dip

Azimuth

From
(m)

To (m)

Interval
(m)

Au g/t

DOLPHIN

GS2155

850

-70

360

194.2

501.7

307.5

0.84


including




233.8

258.2

24.4

1.31


including




361.5

484.9

123.4

1.13


including




462.4

465.4

3

14.25


including




449.9

501.7

51.8

1.84






614.8

672.7

57.9

0.89











GS2168

694.6

-70

360

3.5

66.1

62.6

0.3






352.7

479.5

126.8

0.75






568.7

593.4

24.7

0.96

Section 479300E

Zone

Hole
Number

Depth
(m)

Dip

Azimuth

From
(m)

To (m)

Interval
(m)

Au g/t

DOLPHIN

2212

715.2

-70

360

235

267.5

32.5

1.1






312.2

421.5

109.3

1.63


including




351.9

403.5

51.6

2.5


including




363

363.8

0.8

23.7


including




401.3

403.5

2.2

12






512.7

533.7

21

1.56

Section 479400E

Zone

Hole
Number

Depth
(m)

Dip

Azimuth

From
(m)

To (m)

Interval
(m)

Au g/t

DOLPHIN

2205

415.7

-70

360

14.6

38.1

23.5

1.1


including




17.1

18.1

1

15.65






223

392.7

169.7

1.6


including




287.9

289.2

1.3

78.8


including




287.9

340.7

52.8

3.8


including




339

340.7

1.7

28.2











2207

531.8

-70

360

261.9

468.7

206.8

1.78


including




261.9

343.4

81.5

2.49


including




265

268.1

3.1

30.1


including




338.6

339.7

1.1

12.8


including




375.3

414.4

39.1

2.14


including




381.6

383.8

2.2

19.85


including




442.6

468.7

26.1

2.24











2209

764

-70

360

67.2

546.3

479.1

0.84


including




67.2

83

15.8

2.4


including




164

185

21

1.83


including




334.3

381.9

47.6

1.37


including




334.3

337.2

2.9

13.1


including




419

544.5

125.5

1.28


including




436.2

437

0.8

16.7

Section 479500E

Zone

Hole
Number

Depth
(m)

Dip

Azimuth

From
(m)

To (m)

Interval
(m)

Au g/t

CLEARY

2157

718.1

-70

360

236.2

316.8

80.6

0.75






272

316.8

44.8

0.91






431

444.9

13.9

1.73






512

607.5

95.5

0.72






626

686

60

0.85











2166

707

-70

360

50.6

86.5

35.9

0.74






286.4

457.5

171.1

0.93


including




290.6

293.6

3

20.1


including




414.3

443.6

29.3

1.18











2167

705.9

-70

360

38.1

638.8

600.7

0.56






198.9

200

1.1

13.85






393.5

486.9

93.4

1.34


including




405.8

408.9

3.1

19











GS2202




126.2

146

19.8

1.4






461

488

27

1.07






672.5

807.2

134.7

0.76


including




763.6

807.2

43.6

1.36

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

Four drill rigs have been operating since mid-February. The results of the Company's 2020 and 2021 drill programs, and several holes from the 2022 drill program, are expected to be incorporated into an updated pit-constrained resource estimate in the fourth quarter of this year.

Drill Plan Map and Cross Sections:

https:///freegoldventures.com/site/assets/files/2280/Drillplanmap_07282022.pdf

https:/freegoldventures.com/site/assets/files/2280/Sections_07282022.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, and 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.

The terms "mineral resources", "indicated mineral resources", "inferred mineral resources" and "mineral reserves" are defined per NI 43-101. Though indicated mineral resources have been estimated for the Project, the 2016 PEA includes inferred mineral resources that are too speculative for use in defining mineral 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, and 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.

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 carried out at the ALS facility in Fairbanks, Alaska , with subsequent studies conducted primarily using its Vancouver and Reno laboratories. A sample quality control/quality assurance program was implemented.

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, as well as 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. Core Samples were also prepared using the PRP80-1Kg using the Bureau Veritas facilities. 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-ES (method code MA200). Fire Assay analyzes all samples with an AAS finish, method code FA-430 (30g sample size) and over 10 g/t are automatically assayed using a FA Grav method, FA530. Additional Au screening is performed using BV's FA632 method; select samples are dry screened to 100 microns. A duplicate 50g fire assay is conducted on the little fraction, as well as an assay on the entire oversize fraction. Total Au content, individual assays, and weight fractions are reported. Crushing was conducted at BV's Fairbanks facility, with subsequent analysis conducted by its Vancouver , Reno and/or Hermosillo 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 continues to operate 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 through leases the Golden Summit Gold Project near Fairbanks as well as 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 , 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/or 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, the Freegold has implemented a COVID management program and established a full service Camp at Golden Summit in order to attempt to mitigate risks to its employees, contractors and community. While the extent to which COVID-19 may impact the 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/July2022/28/c0435.html

News Provided by Canada Newswire via QuoteMedia

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Freegold venture logo

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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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Results of the Annual General Meeting

Results of the Annual General Meeting

Freegold Ventures Limited (TSX: FVL) (Frankfurt: FR4N) (OTCQX:FGOVF) (" Freegold " or the " Company ") is pleased to provide the results of the 2022 Annual General Meeting of Shareholders held on June 30, 2022 (the " Meeting ") and announces that all matters set out in the Management Information Circular dated May 16, 2022 (the " Circular ") were approved by the shareholders of the Company. A total of 96,220,856 shares were voted representing approximately 28.49% of the outstanding shares of the Company.

Freegold Ventures Limited Logo (CNW Group/Freegold Ventures Limited)

The following nine nominees were elected as directors of Freegold. The detailed results of the vote for the election of directors are set out below:

Nominee

# of Votes
For

% of Votes
For

# of Votes
Withheld

% of Votes
Withheld

Ron Ewing

95,557,011

99.31

663,845

0.69

Kristina Walcott

95,500,536

99.251

720,320

0.749

Alvin Jackson

95,263,691

99.005

957,165

0.995

David Knight

95,588,240

99,343

632,616

0.657

Gary Moore

82,186,891

85.415

14,033,965

14.585

Garnet Dawson

83,083,990

86.347

13,136,866

13.653

Gregory Hanks

95,588,962

99.343

631,894

0.657

Glen Dickson

81,101,224

84.287

15,119,632

15.713

Reagan Glazier

96,161,212

99.938

59,644

0.062

At the Meeting, the Company's shareholders also approved the appointment of Davidson & Company LLP, Chartered Professional Accountants as the auditors of the Company for the ensuing year.

Each of the matters voted upon at the Meeting is discussed in detail in the Circular, which is filed under the Company's profile at www.sedar.com .

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 as the Shorty Creek Copper –Gold Project near Livengood. Drilling remains ongoing at Golden Summit.

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. 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.

SOURCE Freegold Ventures Limited

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/30/c3703.html

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Freegold Intersects 2.18 g/t Au over 190.2 m in GS2203 and 1.45 g/t Au over 207.2 m in GS2201 at Golden Summit

Freegold Intersects 2.18 g/t Au over 190.2 m in GS2203 and 1.45 g/t Au over 207.2 m in GS2201 at Golden Summit

Freegold Ventures Limited (Freegold) (TSX: FVL) (OTCQX: FGOVF) is pleased to announce results from an additional seven holes ( 4,164.3m ) as part of the ongoing program designed to expand, upgrade and increase the overall resource grade at the Golden Summit Project ("Golden Summit") through systematic drilling.

Logo (CNW Group/Freegold Ventures Limited)

Zone

Hole Number

Depth (m)

Dip

Azimuth

From (m)

To (m)

Interval (m)

Au g/t

Cut to 88 g/t Au

Dolphin

GS2115

567.3

-70

360

233.8

284.9

51.1

1.25


including





236.8

238

1.2

14.15


including





271.5

273.4

1.9

12.3



GS2132

648.3

-70

315

172.8

175.9

3.1

10.76







300.8

599.5

298.7

0.95


including





474.6

599.5

124.9

1.42



GS2139

504.7

-70

315

434.9

492.9

58

0.93



GS2141

545.6

-70

360

34.1

34.7

0.6

58.1







319.1

529.4

210.3

0.86


including





355.7

434.9

79.2

1.05



GS2201

686.7

-70

360

142.1

648.3

506.2

0.88


including





306.1

648.3

342.2

1.1


including





441.1

648.3

207.2

1.45


including





550.8

553.8

3

19


including





630

633.1

3.1

24.4



GS2203

595

-70

360

129

147.6

18.6

4.2


including





143.5

145

1.5

15.55


including





145

145.9

0.9

10.05







287.8

478

190.2

2.52

2.18

including





359.1

359.9

0.8

168


including





463

464.3

1.3

75.7


including





464.3

465.9

1.6

61.2



GS2208

616.7

-70

360

90

367.2

277.2

0.97


including





90

118.8

28.8

2.52


including





266.3

319.5

53.2

1.76


including





266.3

289.1

22.8

2.31


The width refers to drill hole inter2cepts; true width cannot be determined due to the uncertain geometry of mineralization .

Hole GS2201 was drilled in the Tolovana area, as were holes GS2115, GS2132 and GS2141. Hole GS2115 was drilled on the north side of the Tolovana vein zone and intersected 51.1m grading 1.25 g/t Au. Hole GS2203 was drilled along the eastern side of the Dolphin intrusive. Hole GS2208 was drilled towards the updip portion on the northern side of the main mineralized zone. All of these holes intersected substantial widths with significantly higher grade than the previous resource grade. Hole GS2201 intersected 207.2 m grading 1.45 g/t Au within a broad zone of 506.2 m grading 0.88 g/t Au. The results continue to demonstrate higher grade over increasing widths downdip within the projected mineralized zone.

Four drill rigs have been operating since mid-February. The results of 2020, 2021, and several holes from the 2022 program are expected to be incorporated into an updated pit constrained resource estimate in the fourth quarter of this year.

Gold mineralization in the Dolphin/Cleary area 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. Drilling and historical shallow underground mining has intersected this gold mineralization from surface to depths of over 1,000 m from the Dolphin stock in the west to the Cleary Hill mine workings in the east, a distance of over 1.5km. Gold mineralization is hosted within high-grade quartz veins and silicified zones that occur within a broader lower-grade envelope of quartz stockwork mineralization. Freegold's drill programs are continuing to successfully delineate these higher-grade veins and the encompassing lower-grade stockwork mineralization to depths well below the depths of the previous drilling and well outside of the current pit constrained gold resource.

Drill Plan Map and Cross Section:
https://freegoldventures.com/site/assets/files/2260/479350e_06212022.pdf
https://freegoldventures.com/site/assets/files/2260/s478900e_06212022.pdf
https://freegoldventures.com/site/assets/files/2260/drillplanmap_06212022.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, and three NI 43-101 compliant resource updates were completed. In January 2016 , a preliminary economic assessment (PEA) was produced by TetraTech (Press release – January 26th, 2016 ).

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 carried out at the ALS facility in Fairbanks, Alaska , with subsequent studies conducted primarily using its Vancouver and Reno laboratories. A sample quality control/quality assurance program was implemented.

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, as well as 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.  Core Samples were also prepared using the PRP80-1Kg using the Bureau Veritas facilities. 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-ES (method code MA200). Fire Assay analyzes all samples with an AAS finish, method code FA-430 (30g sample size) and  over 10 g/t are automatically assayed using a FA Grav method, FA530. Additional Au screening is performed using BV's FA632 method; select samples are dry screened to 100 microns. A duplicate 50g fire assay is conducted on the little fraction, as well as an assay on the entire oversize fraction. Total Au content, individual assays, and weight fractions are reported. Crushing was conducted at BV's Fairbanks facility, with subsequent analysis conducted by its Vancouver , Reno and/or Hermosillo 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 continues to operate 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 through leases the Golden Summit Gold Project near Fairbanks as well as 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, 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. Many governments have likewise declared that the COVID-19 outbreak in their jurisdictions constitutes an emergency. Reactions to the spread of COVID-19 have led to, among other things, significant restrictions on travel, business closures, quarantines and a general reduction in economic activity. While these effects are expected to be temporary, the duration of the business disruptions and related financial impact cannot be reasonably estimated at this time. Such public health 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. 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. As a result of the COVID-19 outbreak, the Freegold has implemented a COVID management program and established a full service Camp at Golden Summit in order to attempt to mitigate risks to its employees, contractors and community. While the extent to which COVID-19 may impact the 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 to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/21/c7381.html

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Freegold Intersects 1.36 g/t Au over 408.5 m including 85.3m grading 3.47 g/t Au at Golden Summit

Freegold Intersects 1.36 g/t Au over 408.5 m including 85.3m grading 3.47 g/t Au at Golden Summit

 Freegold Ventures Limited (Freegold) (TSX: FVL) (OTCQX: FGOVF) is pleased to announce results from an additional six holes ( 3,559m ) as part of the ongoing program designed to expand, upgrade and increase the overall resource grade at the Golden Summit Project ("Golden Summit").  The highway-accessible Golden Summit project is located approximately 32 km northeast of Fairbanks, Alaska . The remaining results from the 2021 program are expected over the coming weeks.

The primary goal of these programs is to increase the current resource grade and size and define the limits of the mineralized corridor through systematic drilling.  Four drill rigs have been operating since mid-February.

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Freegold Intersects 2.49 g/t Au over 167.7m and 0.94g/t Au over 617 m at Golden Summit

Freegold Intersects 2.49 g/t Au over 167.7m and 0.94g/t Au over 617 m at Golden Summit

 Freegold Ventures Limited (Freegold) (TSX: FVL) (OTCQX: FGOVF) is pleased to announce results from an additional 12 holes ( 6,091m ) as part of the program designed to expand, upgrade and increase the overall resource grade at the Golden Summit Project ("Golden Summit").  The highway-accessible Golden Summit project is located approximately 32 km northeast of Fairbanks, Alaska . The remaining results from the 2021 program are expected over the coming weeks.

Gold mineralization in the Dolphin/Cleary area is hosted within a broad structural corridor of gold mineralization that is hosted in Dolphin stock, a multiphase intrusive complex, and metasedimentary rocks comprised of various schists. Drilling and historic shallow underground mining has intersected this gold mineralization that extends from surface to depths of over 1,000 m from the Dolphin stock in the west to the Cleary Hill mine workings in the east, a distance of over 1.5km. Gold mineralization is hosted within high-grade quartz veins and silicified zones that occur within a broader lower-grade envelope of quartz stockwork mineralization. Freegold's drill programs continue to successfully delineate both these higher-grade veins as well as the encompassing lower-grade stockwork mineralization to depths well below the depths of previous drilling and outside of the current pit constrained gold resource.

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RooGold Announces Changes To Its Board Of Directors

RooGold Announces Changes To Its Board Of Directors

CSE:ROO) (OTC:JNCCF) (Frankfurt:5VHA) RooGold Inc. ("RooGold" or the "Company

RooGold announces the appointment of Vishal Gupta to the Board of Directors. Mr. Gupta replaces Carlos Espinosa, who will be stepping down as a director in order to make room for Mr. Gupta to join the Company's board of directors. Mr. Espinosa will remain in his role as President and Chief Executive Officer of the Company.

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Novo Reports Q2 2022 Financial Results

Novo Reports Q2 2022 Financial Results

Novo Resources Corp. ( "Novo" or the "Company" ) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) reports its financial results for the six-month period ended June 30, 2022. All amounts are expressed in Canadian dollars, unless otherwise noted.

This news release should be read together with Novo's management's discussion and analysis (the " MD&A ") and condensed interim consolidated financial statements (the " Financial Statements ") for the six-month period ended June 30, 2022 (" H1 2022 ") which are available under Novo's profile on SEDAR (www.sedar.com). The three-month period ended June 30, 2022 is referred to as " Q2 2022 " in this news release.

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Steppe Gold Announces Q2 2022 Financial Results and July Production Update

Steppe Gold Announces Q2 2022 Financial Results and July Production Update

Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is pleased to announce its financial results for the three months ended June 30, 2022.

Second Quarter Highlights (all figures in US$000's unless stated otherwise)

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Finlay Minerals receives Exploration Permit for its Silver Hope Property

Finlay Minerals receives Exploration Permit for its Silver Hope Property

Finlay Minerals Ltd. (TSXV: FYL) (OTCQB: FYMNF) (" Finlay " or the " Company ") is pleased to announce that it has received a five-year Multi Year Area Based British Columbia Mines Act Permit (Mineral) which allows Finlay to commence the 2022 exploration drilling program on its Silver Hope Property ("the Silver Hope "). Field preparations will begin within the next couple of weeks with drilling anticipated to follow in September.

The Silver Hope Property is located approximately 70 kilometres (km) south-east of Houston, BC and is accessible year-round by road.  The Silver Hope is positioned within a highly prospective area with producing and past-producing mines, as well as brown-fields exploration projects as neighbours.  Finlay is targeting both Equity Silver Mine type Silver (Ag) – Copper (Cu) – Gold (Au), and porphyry Cu-Au-Molybdenum (Mo) mineralization in multiple target areas on the property.  ( Click HERE to view the drill target areas).

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NOMAD ROYALTY COMPANY LTD. COMPLETES ARRANGEMENT WITH SANDSTORM GOLD

NOMAD ROYALTY COMPANY LTD. COMPLETES ARRANGEMENT WITH SANDSTORM GOLD

Nomad Royalty Company Ltd. (TSX:NSR) (NYSE: NSR) (" Nomad " or the " Company ") is pleased to announce that the acquisition of the Company by Sandstorm Gold Ltd. (the " Purchaser ") by way of a court approved plan of arrangement in accordance with the Canada Business Corporations Act (the " Arrangement ") was completed earlier today. Under the terms of the Arrangement, the Purchaser has acquired all of the outstanding shares of the Company for a consideration of 1.21 common shares of the Purchaser per Nomad share (the " Consideration ").

The Consideration has been deposited with Computershare Investor Services Inc., as depositary under the Arrangement, in trust for the former shareholders of the Company and will be provided to former shareholders as soon as reasonably practicable after the date hereof (or, in the case of registered shareholders, as soon as reasonably practicable after a properly completed and signed letter of transmittal is received by the depositary together with the share certificate(s) and/or Direct Registration System (DRS) Advice(s) representing Nomad shares formerly held by them).

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Sandstorm Gold Royalties Completes Acquisition of Nomad Royalty Company

Sandstorm Gold Royalties Completes Acquisition of Nomad Royalty Company

Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to announce the successful completion of the previously announced acquisition of Nomad Royalty Company Ltd. (NYSE: NSR) (TSX: NSR) ("Nomad") pursuant to a plan of arrangement under the Canada Business Corporations Act (the "Acquisition").

Sandstorm Gold Royalties logo (CNW Group/Sandstorm Gold Ltd.)

Sandstorm issued approximately 74.4 million common shares of the Company ("Sandstorm Shares") to former Nomad shareholders equal to an exchange ratio of 1.21 Sandstorm Shares for each common share of Nomad (each, a "Nomad Share"). The Company's shareholders approved the share issuance for the Acquisition at its special meeting of shareholders on August 9, 2022 (see press release dated August 9, 2022 ). The Sandstorm Shares issued pursuant to the Acquisition are expected to be listed and posted for trading on the Toronto Stock Exchange and New York Stock Exchange. With completion of the Acquisition, existing Sandstorm and former Nomad shareholders are expected to own approximately 73% and 27% of the outstanding shares of the pro forma Sandstorm, respectively 1 .

TRANSFORMATIVE MILESTONE FOR SANDSTORM

In conjunction with the previously announced closing of the BaseCore transaction (together with the Acquisition, the "Transactions") (see press releases dated May 2, 2022 , and July 12, 2022 ) the Transactions are expected to provide several benefits to Sandstorm, including:

  • Substantial increase in size and scale cementing Sandstorm's status as the highest-growth 2 and most liquid mid-tier royalty and streaming company;

  • Adds high-quality and low-cost assets with precious metals focus resulting in Sandstorm's expected revenue to be nearly 90% precious metals 3 in 2025;

  • Highest growth amongst peers 4 where production is expected to grow more than 85% between 2022 and 2025;

  • Industry-leading portfolio diversification with a resulting portfolio of 250 streams and royalties, of which 39 of the underlying assets are cash-flowing and no asset contributing more than 15% to the Company's consensus net asset value; and

  • Bolsters financial strength and capital markets profile with a strong balance sheet, increased public float, liquidity, and access to capital, Sandstorm is expected to have a greater capacity to pursue further growth and return capital to Sandstorm shareholders.

Nolan Watson , President & CEO of the Company, remarked, "The completion of the Nomad Acquisition is another exciting milestone for Sandstorm shareholders this year. We began 2022 with a bold vision for Sandstorm and this is the next step in the growth strategy for the Company. We welcome the new shareholders of Sandstorm and appreciate your support as we continue to grow and build Sandstorm into the go-to precious metals royalty and streaming royalty company."

For more information about the details of the Acquisition, see the Company's press release dated May 2, 2022 and the Company's management information circular dated July 11, 2022 .

INFORMATION PERTAINING TO NOMAD SHAREHOLDERS

The Company intends to cause Nomad to delist the Nomad Shares from the Toronto Stock Exchange, New York Stock Exchange and Frankfurt Stock Exchange, and to delist Nomad's listed warrants from the Toronto Stock Exchange. An application has been made for Nomad to cease to be a reporting issuer in all of the provinces of Canada . An application will also be made for Nomad to terminate its reporting obligations in the United States .

Certain securities issued pursuant to and under the Plan of Agreement are to be issued in reliance upon available exemptions from such registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act") pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

Notes


1.

Pro forma ownership on a non-diluted basis, in each case based on the number of Sandstorm Shares and Nomad Shares issued and outstanding as of July 8, 2022, taking into account the number of Nomad Shares issuable under the Nomad dividend reinvestment plan as of such date and the completion of the BaseCore Transaction as described in the Company's press releases dated May 2, 2022 and July 12, 2022.


2.

Based on 2025 production guidance after Transactions close


3.

Commodity Price Assumptions: $1,800/oz Au, $22/oz Ag, $4.00/lb Cu


4.

Gold equivalent production based on peer production guidance and analyst estimates. Peers include Franco-Nevada Corp, Wheaton Precious Metals Corp., Royal Gold, Inc., Triple Flag Precious Metals Corp., and Osisko Gold Royalties Ltd.




CONTACT INFORMATION

For more information about Sandstorm Gold Royalties, please visit our website at www.sandstormgold.com or email us at info@sandstormgold.com .

ABOUT SANDSTORM GOLD ROYALTIES

Sandstorm is a gold royalty company that provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm holds a portfolio of 250 royalties, of which 39 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold royalties. For more information visit: www.sandstormgold.com .

CAUTIONARY STATEMENTS TO U.S. SECURITYHOLDERS

The financial information included or incorporated by reference in this press release or the documents referenced herein has been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board, which differs from US generally accepted accounting principles ("US GAAP") in certain material respects, and thus are not directly comparable to financial statements prepared in accordance with US GAAP.

This press release and the documents incorporated by reference herein, as applicable, have been prepared in accordance with Canadian standards for the reporting of mineral resource and mineral reserve estimates, which differ from the previous and current standards of the United States securities laws. In particular, and without limiting the generality of the foregoing, the terms "mineral reserve", "proven mineral reserve", "probable mineral reserve", "inferred mineral resources,", "indicated mineral resources," "measured mineral resources" and "mineral resources" used or referenced herein and the documents incorporated by reference herein, as applicable, are Canadian mineral disclosure terms as defined in accordance with Canadian National Instrument 43-101 — Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") — CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the "CIM Definition Standards").

For United States reporting purposes, the United States Securities and Exchange Commission (the "SEC") has adopted amendments to its disclosure rules (the "SEC Modernization Rules") to modernize the mining property disclosure requirements for issuers whose securities are registered with the SEC under the Exchange Act, which became effective February 25, 2019 . The SEC Modernization Rules more closely align the SEC's disclosure requirements and policies for mining properties with current industry and global regulatory practices and standards, including NI 43-101, and replace the historical property disclosure requirements for mining registrants that were included in SEC Industry Guide 7. Issuers were required to comply with the SEC Modernization Rules in their first fiscal year beginning on or after January 1, 2021 . As a foreign private issuer that is eligible to file reports with the SEC pursuant to the multi-jurisdictional disclosure system, the Corporation is not required to provide disclosure on its mineral properties under the SEC Modernization Rules and will continue to provide disclosure under NI 43-101 and the CIM Definition Standards. Accordingly, mineral reserve and mineral resource information contained or incorporated by reference herein may not be comparable to similar information disclosed by United States companies subject to the United States federal securities laws and the rules and regulations thereunder.

As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of "measured mineral resources", "indicated mineral resources" and "inferred mineral resources." In addition, the SEC has amended its definitions of "proven mineral reserves" and "probable mineral reserves" to be "substantially similar" to the corresponding CIM Definition Standards that are required under NI 43-101. While the SEC will now recognize "measured mineral resources", "indicated mineral resources" and "inferred mineral resources", U.S. investors should not assume that all or any part of the mineralization in these categories will be converted into a higher category of mineral resources or into mineral reserves without further work and analysis. Mineralization described using these terms has a greater amount of uncertainty as to its existence and feasibility than mineralization that has been characterized as reserves. Accordingly, U.S. investors are cautioned not to assume that all or any measured mineral resources, indicated mineral resources, or inferred mineral resources that the Company reports are or will be economically or legally mineable without further work and analysis. Further, "inferred mineral resources" have a greater amount of uncertainty and as to whether they can be mined legally or economically. Therefore, U.S. investors are also cautioned not to assume that all or any part of inferred mineral resources will be upgraded to a higher category without further work and analysis. Under Canadian securities laws, estimates of "inferred mineral resources" may not form the basis of feasibility or pre-feasibility studies, except in rare cases. While the above terms are "substantially similar" to CIM Definitions, there are differences in the definitions under the SEC Modernization Rules and the CIM Definition Standards. Accordingly, there is no assurance any mineral reserves or mineral resources that the Company may report as "proven mineral reserves", "probable mineral reserves", "measured mineral resources", "indicated mineral resources" and "inferred mineral resources" under NI 43-101 would be the same had the Company prepared the reserve or resource estimates under the standards adopted under the SEC Modernization Rules or under the prior standards of SEC Industry Guide 7.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Sandstorm Gold Royalties. Forward-looking statements include, but are not limited to, expectations regarding the delisting of the Nomad Shares and Nomad's listed warrants; expectations regarding Nomad's reporting issuer status following completion of the Acquisition; expectations regarding the listing of Sandstorm Shares issued under the Acquisition on the Toronto Stock Exchange and New York Stock Exchange; expectations regarding the potential benefits and synergies of the Transactions and the ability of Sandstorm post-completion of the Transactions to successfully achieve business objectives, including integrating the companies or assets or the effects of unexpected costs, liabilities or delays; expectations regarding the growth potential of Sandstorm including in scale and production and the anticipated benefits of the Transactions; expectations regarding financial strength, trading liquidity, and capital markets profile; the future price of gold, silver, copper, iron ore and other metals; the estimation of mineral reserves and mineral resources, and realization of mineral reserve and mineral resource estimates; the timing and amount of estimated future production; and expectations for other economic, business, and/or competitive factors. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", or similar terminology.

Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Sandstorm Gold Royalties to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Sandstorm Gold Royalties will operate in the future, including the receipt of all required approvals, the price of gold and copper and anticipated costs. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, failure to receive necessary approvals, changes in business plans and strategies, market conditions, share price, best use of available cash, gold and other commodity price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks relating to the parties which produce the gold or other commodity the Company will purchase, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution, share price volatility and competition.

Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact of general business and economic conditions, the absence of control over mining operations from which the Company will purchase gold, other commodities or receive royalties from, and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined, risks in the marketability of minerals, fluctuations in the price of gold and other commodities, fluctuation in foreign exchange rates and interest rates, stock market volatility, as well as those factors discussed in the section entitled "Risks to Sandstorm" in the Company's annual report for the financial year ended December 31, 2021 and the section entitled "Risk Factors" contained in the Company's annual information form dated March 31, 2022 available at www.sedar.com . Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are contained or incorporated by reference, except in accordance with applicable securities laws.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/sandstorm-gold-royalties-completes-acquisition-of-nomad-royalty-company-301605621.html

SOURCE Sandstorm Gold Ltd.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2022/15/c5368.html

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