An undisclosed senior mining company is proposing to further develop the Golden Summit property being explored by Freegold Recovery (VSE) near Fairbanks, Alaska. Freegold management expects to release details of the written offer shortly.
The Golden Summit property is adjacent to the Fort Knox gold deposit being developed by Amax Gold (NYSE). Several gold targets have been tested on the large property which is considered prospective for a variety of mineral deposit types.
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