Freegold Ventures has entered into an agreement with South32 whereby South32 can earn a 70% interest in Freegold’s Shorty Creek property 120 km northwest of Fairbanks, Alaska. To maintain the option in good standing, South32 must contribute minimum exploration funding of $10 million over a four-year option period, with minimum exploration expenditures of $2 million each in years one and two and $3 million each in years three and four.
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