Mining News: News Nuggets: Good news at Golden Summit

Freegold Ventures Ltd. Jan. 6 said results from recently completed metallurgical tests of the oxide mineralization at Golden Summit near Fairbanks are extremely encouraging. Gold extractions of more than 80 percent were achieved within 14 days on coarse crushed material. The column test was permitted to run for 65 days and final gold extractions were 85 percent. Freegold says these results compare favorably with earlier bottle roll test results on coarse crushed material. Results of these tests will be incorporated into the preliminary economic assessment currently underway for Golden Summit. Freegold undertook the additional metallurgical work to examine the potential for an initial heap leach operation on the oxide component.