GOLD – Freegold Ventures Ltd. Oct. 29 said it is continuing metallurgical test work on its flagship Golden Summit gold project located about 25 miles (40 kilometers) north of Fairbanks, Alaska. The current program is being conducted by McClelland Laboratories of Sparks, Nevada and consists of further bottle roll tests and column leach tests. This work augments the previous significant work conducted by SGS Laboratories in Vancouver. The technical data being generated from the metallurgical test work program is aimed at providing adequate data for Freegold to examine both the potential for a stand-alone valley heap leach operation on all material (oxide and sulfide) as well as to investigate a higher recovery milling operation to be incorporated in a preliminary economic assessment which is currently being completed by Tetra Tech. The Golden Summit project hosts an indicated resource of 79.8 million metric tons grading 0.66 grams per metric ton (1.68 million ounces) gold and an inferred resource of 248.06 million metric tons grading 0.61 g/t (4.84 million ounces) gold using a 0.3 g/t cut-off. The indicated oxide resource using a 0.20 g/t cutoff is 25.03 million metric tons grading 0.55 g/t (439,000 ounces) gold and the inferred resource is 16.62 million metric tons grading 0.47 g/t (253,000 ounces) gold.

GOLD – Redstar Gold Corp. Oct. 27 reported the completion of a summer exploration program aimed at delineating targets for a winter drill program at the Unga gold project located on Unga Island, Southwest Alaska. The summer field program – which included the collection of more than 1,775 rock chip, soil and talus samples; detailed survey work; geochemical sampling and geological trench mapping; the re-evaluation of the historic drill hole database; and the re-logging of over 600 m of historic core – will allow Redstar to construct an accurate three-dimensional model of the target areas prior to planning diamond drill targets for a winter 2014/15 core drilling program. Redstar President and CEO Toby Mayo said, “The program at Unga was designed ultimately to allow the company to maximize our potential for drilling high-grade gold mineralization while minimizing expenditure; to clearly delineate the potential for expanding areas of known mineralization; and to generate new targets for future exploration. We believe that the program was executed successfully and we look forward to receiving results over the coming weeks. Meanwhile, we will be using this time to compile new and historic data with the view of planning the next phase of exploration at Unga proposed for later in Q4 2014 and into 2015.” The field surface program covered three target areas: the Apollo-Sitka trend; the Aquila prospect; and the Shumigan prospect. The Apollo-Sitka trend is a northeast to southwest trending structure located to the south and east of Unga Island. The trend was a target priority at the beginning of the field surface program due to: a newly acquired surface-use agreement with the Unga Tribe (surface estate holder) granting overland access use; a general lack of understanding to as how mineralization mined previously within the Apollo-Sitka trend compares with the Shumigan Prospect; and the desire to identify additional geochemical or structural anomalies and potentially mineralized quartz-vein systems within the trend. To test the potential for mineralized anomalies within the Apollo-Sitka Trend, Redstar’s surface sampling program targeted about 3,280 meters of strike length between the historic Sitka trenches and the California prospect. Some 405 rock samples and 670 soil-talus fine samples were collected. At Sitka, about 235 meters of historic trenches have been remapped, continuous chip and select sampled to better understand the characteristics of historic mining activities. The Aquila prospect occurs at the southwest end of the Shumigan Trend on Unga Island. A small surface program was established to try to delineate the potential source areas to existing high-grade stream sediment and rock float samples. About 150 soil-talus fines samples and more than 50 rock samples were taken from the target area during the summer program. The Shumigan prospect has received the most attention in recent exploration programs as it contains a very strong potential for expansion of existing high-grade gold mineralization, as defined by historic drilling and surface trenching. The field surface program was designed to accurately organize, compile and then expand upon previously generated exploration data in order to produce an accurate 3D model that will be utilized for diamond drill targeting. A detailed differential global positioning system survey was performed to accurately locate all existing surface features including drill roads, trenches and historic drill collars. Redstar plans to complete a satellite survey during the winter months to produce an accurate Digital Elevation Model to finalize a base survey for the project area. The 2014 exploration crew salvaged and re-logged approximately 610 meters of drill core from the 1980s drilling programs that initially discovered and tested Shumigan (including, those completed by Battle Mountain Gold Corporation and Alaska-Apollo Gold Mines, Ltd.). The salvaged drill core is fully intact with all footage blocks and drill-hole identification clearly legible within the inside of the core box lids. The re-logged core is in the process of being compared to existing historic databases as well as to the 2011 Redstar drill core, which is also under review. A surface soil sample grid, which consists of about 380 samples collected over a 750- by 250-meter area, aims to extend areas of known mineralization roughly 500 meters along strike to the southwest of the Shumigan prospect area.