02:53 PM EST - Freegold Ventures Limited : provided an update on its recently completed column test work at Golden Summit. Results are extremely encouraging with gold extractions over 80% being achieved within 14 days on coarse crushed material (80% -25 mm). The column test was permitted to run for 65 days and final extractions were 85% for gold. Sodium cyanide (NaCN) consumption in the column test was reasonable at 0.69 kg/mt. Optimization of cyanide dosing conditions in future test work programs will focus on potential improvement in both kinetics and cyanide consumption. Head grades of the oxide material were 1.0 g/t gold and 10 g/t silver respectively. Freegold Ventures Limited
shares T.FVL are trading down $0.01 at $0.13.
