DRILLING TO RECOMMENCE AT GOLDEN SUMMIT

DRILLING TO RECOMMENCE AT GOLDEN SUMMIT

 
 

Freegold Ventures Limited (Freegold) (TSX: FVL) (OTCQX: FGOVF) is pleased to announce mobilization for the 2022 drill program. Crews are presently arriving on-site, and drilling is expected to commence within the next week. The initial 2022 program will be a continuation of the 2021 program looking for deeper, higher-grade mineralization, with an initial 20,000 metres planned. Results from the 2020-2021 program are demonstrating the potential for more extensive and higher-grade gold mineralization on the project intersecting numerous assays intervals over 30 gt Au, more than any previous program.

 

Drilling will continue to focus on further expanding and defining the higher-grade Cleary Vein System (CVS), the identification of which has significant implications for both the grade and tonnage potential of the project. Numerous high-grade intercepts have been reported within the broad zones of mineralization and although the complex nature of the mineralization at Golden Summit makes it challenging to connect individual high-grade intersections into cohesive units. These broader zones are expected to substantially boost the average grade for a bulk mineable project, well above the historic 0.69 gpt resource grade average as well as contribute to an overall increased resource.

 

Holes will continue to target the down-dip extent of the higher-grade vein zones found within the historic Cleary, Colorado , Wackwitz, and Wyoming veins as well their broader enveloping stockwork zones. Holes drilled in 2021 south of the previous drilling have intersected significant veining, quartz breccia, and visible gold in areas with no previous drilling. The 2022 program will include further infill drilling to delineate the area to the south of the Cleary Vein Swarm and the area between the Dolphin and the Cleary where previous high-grade intercepts were reported.

 

Oriented core will continue to be used to better define the orientation of the higher-grade intervals. Mineralization at Golden Summit occurs in three main forms, a) intrusive hosted quartz-sulfide stockwork veinlets (such as the Dolphin), b) auriferous quartz-sulfide veins (historic underground mines), and c) shear-hosted gold-bearing veinlets. All three are part of a large-scale intrusive-related gold system on the property with the Dolphin intrusive as the apparent source of the mineralization. Significantly, during 2021 intrusive rocks were intersected on the Cleary side at depth further strengthening Freegold's interpretation that the Dolphin intrusive may underlie Cleary at depth, and that Cleary may be fault down-dropped on the east side of Bedrock Creek.

 

In addition, drill testing will also be undertaken on other areas of the project that have the potential to host additional mineralization. The 2020-2021 drilling results will be incorporated into an updated mineral resource estimate later in 2022.

 

Over 38,000 metres of drilling were completed in 68 holes with an average hole depth of over 600 metres. Assays are pending for 48 holes. Drilling for 2021 wrapped up in mid-December with cutting and sampling continuing over the winter break to expedite results.

 

Drill cores are logged, photographed, and cut in half using a diamond saw, with one-half placed in sealed bags for preparation and subsequent geochemical analyses by ALS Global Ltd and Bureau Veritas, with sample preparation carried out in Fairbanks with subsequent studies performed primarily using their Vancouver , Reno and Hermosillo, Mexico facilities. Freegold will continue to report assays as they are finalized.  A sample quality control/quality assurance program is in place. Commercial assaying remains extremely slow due in part to COVID constraints. Freegold and other explorers worldwide are continuing to experience significant delays.

 

Freegold will continue to operate a full-service camp at Golden Summit with stringent COVID‐19 protocols in place.

 

The Qualified Person for this release is Alvin Jackson , PGeo – Vice President Exploration and Development for Freegold.

 

  About Freegold Ventures Limited  
Freegold is a TSX-listed company focused on exploration in Alaska . It holds through leases the Golden Summit Gold Project near Fairbanks and the Shorty Creek Copper-Gold Project near Livengood, where a ~3,400-meter program was completed in 2021. Assays are pending.

 

  Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programs on schedule,e and the success of exploration programs. The term "Mineral Resource" used above is defined per NI 43-101. Though Indicated Resources have been estimated for the Project, this PEA includes Inferred Mineral Resources that are too speculative for use in defining Reserves. Standalone economics have not been undertaken for the measured and indicated resources, and as such, no reserves have been estimated for the Project. Please note that the PEA is preliminary in nature, that it includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would allow them to be categorized as mineral reserves. There is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various risks. Actual results could differ materially from those projected as a result of the following factors, among others: changes in the price of mineral market conditions, risks inherent in mineral exploration, risks associated with development, construction, and mining operations, the uncertainty of future profitability and uncertainty of access to additional capital. See Freegold's Annual Information Form for the year ended December 31st, 2020 filed under Freegold's profile at www.sedar.com for a detailed discussion of the risk factors associated with Freegold's operations.  On January 30, 2020 , the World Health Organization declared the COVID-19 outbreak a global health emergency. Many governments have likewise declared that the COVID-19outbreak in their jurisdictions constitutes an emergency. Reactions to the spread of COVID-19 have led to, among other things, significant restrictions on travel, business closures, quarantines, and a general reduction in economic activity. While these effects are expected to be temporary, the duration of the business disruptions and related financial impact cannot be reasonably estimated at this time. Such public health crises can result in volatility and disruptions in the supply and demand for various products and services, global supply chains, and financial markets, as well as declining trade and market sentiment and reduced mobility of people, all of which could affect interest rates, credit ratings, credit risk, and inflation. The risks to Freegold of such public health crises also include risks to employee health and safety and a slowdown or temporary suspension of operations in geographic locations impacted by an outbreak. As a result of the COVID-19 outbreak, the Freegold has implemented a significant COVID management program and established a full-service Camp at Golden Summit to attempt to mitigate risks to its employees, contractors, and community. While the extent to which COVID-19 may impact the Freegold is uncertain, it is possible that COVID-19 may have a material adverse effect   on Freegold's business, results of operations, and financial condition.  

 

SOURCE Freegold Ventures Limited

 

 

 

 Cision View original content: https://www.newswire.ca/en/releases/archive/February2022/09/c2840.html  

 
 

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Freegold Ventures Limited - Results of the Annual General and Special Meeting

Freegold Ventures Limited - Results of the Annual General and Special Meeting

 
 

Freegold Ventures Limited (TSX: FVL) (OTCQX: FGOVF) ("Freegold" or the "Company ") is pleased to announce that all matters set out in the Management Information Circular dated May 26 2025 for the 2025 Annual General and Special Meeting of Shareholders held on June 27, 2025 (the "Meeting") were approved by the shareholders holding 98,154,137 shares were voted representing approximately ~ 18.56% of the outstanding shares of the Company.

 
 

  Freegold Logo (CNW Group/Freegold Ventures Limited) 

 

The following nine nominees were elected as directors of Freegold. The detailed results of the vote for the election of directors are set out below:

 
 
                                                                        
 

   MOTIONS   

 
 

   NUMBER OF SHARES   

 
 

   PERCENTAGE OF VOTES CAST   

 

 

   FOR   

 
 

   AGAINST   

 
 

   WITHHELD/
ABSTAIN
 
 

 
 

   FOR   

 
 

   AGAINST   

 
 

   WITHHELD/
ABSTAIN
 
 

 
 

  To elect as Director :Kristina Walcott  

 
 

  96,353,303  

 
 
 

  1,800,834  

 
 

  98.165 %  

 
 
 

  1.835 %  

 
 

  To Elect as Director: Alvin Jackson  

 
 

  97,016,593  

 
 
 

  1,137,544  

 
 

  98.841 %  

 
 
 

  1.159 %  

 
 

  To Elect as Director: David Knight  

 
 

  85,790,018  

 
 
 

  12,364,119  

 
 

  87.403 %  

 
 
 

  12.597 %  

 
 

  To Elect as Director: Garnet Dawson  

 
 

  97,308,977  

 
 
 

  845,160  

 
 

  99.139 %  

 
 
 

  0.861 %  

 
 

  To Elect as Director: Ron Ewing  

 
 

  96,839,477  

 
 
 

  1,314,660  

 
 

  98.661 %  

 
 
 

  1.339 %  

 
 

  To Elect as Director: Glen Dickson  

 
 

  85,396,927  

 
 
 

  12,757,210  

 
 

  87.003 %  

 
 
 

  12.997 %  

 
 

  To Elect as Director: Reagan Glazier  

 
 

  79,513,338  

 
 
 

  18,640,799  

 
 

  81.009 %  

 
 
 

  18.991 %  

 
 

  To Elect as Director: Maurice Tagami  

 
 

  97,900,807  

 
 
 

  253,330  

 
 

  99.742 %  

 
 
 

  0.258 %  

 
 

  To Elect as Director: Vivienne Artz  

 
 

  93,614,569  

 
 
 

  4,539,568  

 
 

  95.375 %  

 
 
 

  4.625 %  

 
 
 

The Company's shareholders approved the appointment of Davidson & Company LLP, Chartered Professional Accountants, as the Company's auditors, as set forth in the management information circular.

 

The Company's shareholders approved the Company's new omnibus equity incentive plan.

 

Each of the matters voted upon at the Meeting is discussed in detail in the Company's Information Circular dated May 26   th, 2025, which is filed under the Company's profile at www.sedarplus.com.  

 

  Golden Summit Project Update:  

 

Drilling at Golden Summit is progressing well. Drilling is focused on resource definition, which includes both expansion and infill drilling, as well as geotechnical and metallurgical holes. Like the 2024 drill program, the current efforts aim to upgrade inferred resources to indicated status in preparation for the upcoming pre-feasibility study, which is expected to commence later this year. An updated mineral resource estimate is expected to be finalised soon, and the initial assay results from the 2025 drill program are also anticipated shortly.

 

The Qualified Person for this release is Alvin Jackson , P.Geo., Vice President of Exploration and Development for Freegold, who has approved the scientific and technical disclosure in this news release.

 

  About Freegold Ventures Limited  
Freegold is a TSX-listed company focused on exploration in Alaska . It holds the Golden Summit Gold Project near Fairbanks and the Shorty Creek Copper-Gold Project near Livengood through leases.

 

  Some statements in this news release contain forward-looking information, including, without limitation, statements as to planned expenditures and exploration programs, potential mineralization and resources, exploration results, the completion of an updated NI 43-101 technical report, and any other future plans. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programs on schedule, and the success of exploration programs. See Freegold's Annual Information Form for the year ended December 31st, 2024 , filed under Freegold's profile at www.sedar.com , for a detailed discussion of the risk factors associated with Freegold's operations. On January 30, 2020 , the World Health Organization declared the COVID-19 outbreak a global health emergency. Reactions to the spread of COVID-19 continue to lead to, among other things, significant restrictions on travel, business closures, quarantines, and a general reduction in economic activity. While these effects have been reduced in recent months, the continuation and re-introduction of significant restrictions, business disruptions, and related financial impact, and the duration of any such disruptions cannot be reasonably estimated. The risks to Freegold of such public health crises also include employee health and safety risks and a slowdown or temporary suspension of operations in geographic locations impacted by an outbreak. Such public health crises, as well as global geopolitical crises, can result in volatility and disruptions in the supply and demand for various products and services, global supply chains, and financial markets, as well as declining trade and market sentiment and reduced mobility of people, all of which could affect interest rates, credit ratings, credit risk, and inflation. As a result of the COVID-19 outbreak, Freegold has implemented a COVID management program and established a full-service Camp at Golden Summit to attempt to mitigate risks to its employees, contractors, and community. While the extent to which COVID-19 may impact Freegold is uncertain, it is possible that COVID-19 may have a material adverse effect   on Freegold's business, results of operations, and financial condition.  

 

SOURCE Freegold Ventures Limited

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2025/27/c9322.html  

 
 

 

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Freegold Achieves over 90% Gold Recovery Using BIOX® and greater than 92% Gold Recovery using POX - Additional Metallurgical Work Remains Ongoing

Freegold Achieves over 90% Gold Recovery Using BIOX® and greater than 92% Gold Recovery using POX - Additional Metallurgical Work Remains Ongoing

 
 
  •   All three methods tested: BIOX®, POX, and the Albion Process yield over 90% gold recovery  
  •  
  •   Further work to enhance sulphide recoveries through oxidation, as well as gravity, flotation and CIL recoveries, is in progress  
  •  

Freegold Ventures Limited (TSX: FVL) (OTCQX: FGOVF) ("Freegold" or the "Company ") is pleased to announce further results from the ongoing metallurgical test work currently underway.

 
 

  Freegold Logo (CNW Group/Freegold Ventures Limited) 

 

The current initiatives are focused on refining the flowsheet options for the pre-feasibility study. This includes testing and ongoing evaluation of sulphide-oxidizing methods such as BIOX®, POX, and the Albion Process™, as well as further gravity, flotation and CIL test work.

 

Earlier this year, Freegold reported 93% recovery using the Albion Process™ oxidation-CIL, with further test work ongoing.  Comminution tests using half-PQ core have been conducted on over 50 samples from various locations and lithologies within the deposit. These tests provide information to evaluate the trade-off between grind size and liberation versus power consumption, to optimize power requirements and operating costs while enhancing gold recovery.

 

The BIOX test work has been in progress for several months, and results have shown that gold recovery rates of greater than 90% can be achieved.

 
 
 
 

    2025 PROGRAM    

 
  •   Drilling is now underway with three rigs  
  •  

    Conversion of inferred resources into indicated & further exploration drilling.    

 
  •   Updated mineral resource  
  •  
  •   Ongoing metallurgical work, focusing on flowsheet optionality with sulphide oxidation is a key part of our strategy to maximize the potential of the resource.  
  •  
  •   Commencement of a Pre-Feasibility Study (PFS)  
  •  
 
 

  Summary of Gold Recovery using   BIOX®,  

 

A series of BIOX® amenability oxidation tests have been completed using a sulphide rougher concentrate produced from a composite of Golden Summit material sourced from eight diamond drill hole assay rejects.  The duration of the biological oxidation tests conducted was 10, 15, 20, 30 and a duplicate 30 days.  The residue from these BIOX® tests was subjected to CIL treatment, and overall gold recovery from gravity, rougher flotation, BIOX® treatment, and CIL averaged 91% from this suite of test work.

 

  Summary of Gold Recovery using   POX,  

 

Pressure oxidation (POX) treatment of sulphide rougher concentrate, as well as a cleaner concentrate, with lower mass and only marginally lower gold deportment, has been completed.  The POX residue was washed and neutralized and subjected to CIL leaching for gold recovery.  The POX-CIL testwork has yielded an average overall gold recovery of over 92% in a process flowsheet incorporating gravity, flotation, POX, and CIL.

 

This testwork utilized eight drill core composites comprising 1,192 meters of drill intercepts that represent 587 continuous mineralized intervals, with a total material weight of over 5,100 kilograms. These composites represent different locations and grades within the Dolphin and Cleary area and were created using continuous drill intervals chosen to reflect potential mill feed (Refer to the map below for hole locations.) The selections of drill holes and intervals included the primary gold-hosting lithologies.  These composites were prepared from laboratory assay rejects of fresh rock intervals located well below the existing oxide cap at Golden Summit.  Additionally, four large-diameter PQ holes were drilled during 2024. A total of 7,600 kg has been made available for comminution testing and ongoing metallurgical testwork.

 

Two additional PQ holes are being drilled in the 2025 program to enhance our metallurgical test work. This work aims to provide data for trade-off studies in the pre-feasibility study, developing a process flowsheet to maximize economic returns. Ongoing tests indicate that part of the mineralization is non-refractory and can be processed conventionally, although additional sulfide processing is necessary for optimal recovery. The September 2024 resource estimate, based on a gold price of $1,973 , included grinding, gravity separation, flotation, regrinding of sulphide concentrate, and CIL treatment, achieving a 72% gold recovery rate at a processing cost of $14 per ton.

 

The current program is designed to test sulphide oxidation methods, aiming to increase recoveries beyond the 72% gold recovery reported in the September 2024 resource estimate. Each of the three oxidation methods tested successfully demonstrated the potential to achieve gold recoveries exceeding 90%. These methods may increase costs; however, higher gold recoveries and gold prices could offset the additional capital expenditures (CAPEX) and operating expenditures (OPEX ) costs. Ongoing work will focus on identifying the most suitable oxidation method for use in the pre-feasibility study.

 

Discovery costs at Golden Summit are under $4.00 per ounce. Since 2020, exploration at Golden Summit has transformed the project, evolving to one of North America's most significant undeveloped gold resources, owing to a revised interpretation, extensive drilling, and a robust metallurgical program. There remains considerable potential for further expansion and optimisation as the project advances. The revised mineral resource estimate, incorporating the 2024 drilling, is expected to be finalised soon.

 

The current 2025 drilling program aims to upgrade inferred resources to indicated through infill drilling. Drilling for geotechnical purposes, resource definition, and additional metallurgical test holes will also be carried out. A total of 30,000 metres of drilling is planned. Archaeological fieldwork and geotechnical drilling are scheduled to commence shortly, with a fourth drill rig added to enhance exploration efforts. A pre-feasibility study is set to begin later this year.

 

  Link to the Plan Map:  

 

   https://freegoldventures.com/site/assets/files/6287/fvl06192025_ddhplan.png   

 

HQ Core is logged, photographed and cut in half using a diamond saw, and one-half placed in sealed bags for preparation and subsequent geochemical analysis by MSA Laboratories in Prince George, BC , and/or Fairbanks, Alaska .  At MSALABS, the entire sample will be dried and crushed to 70% passing -2mm (CRU-CPA). A ~500g riffle split will be analyzed for gold using CHRYSOS PhotonAssay™ (CPA-Au1). From this, 250g will be further riffle split from the original PhotonAssay™ sample, pulverized, and a 0.25g sub-sample analysed for multi-element geochemistry using MSA's IMS230 package, which includes 4-acid digestion and ICP-MS finish. MSALABS operates under ISO/IEC 17025 and ISO 9001 certified quality systems. A QA/QC program includes laboratory and field standards inserted every ten samples. Blanks are inserted at the start of the submittal, and at least one blank every 25 standards.

 

The Qualified Person for this release is Alvin Jackson, P.Geo., Vice President of Exploration and Development for Freegold, who has approved the scientific and technical disclosure in this news release.

 

  About Freegold Ventures Limited  
Freegold is a TSX-listed company focused on exploration in Alaska . It holds the Golden Summit Gold Project near Fairbanks and the Shorty Creek Copper-Gold Project near Livengood through leases.

 

  Some statements in this news release contain forward-looking information, including, without limitation, statements as to planned expenditures and exploration programs, potential mineralization and resources, exploration results, the completion of an updated NI 43-101 technical report, and any other future plans. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programs on schedule, and the success of exploration programs. See Freegold's Annual Information Form for the year ended December 31st, 2024 , filed under Freegold's profile at www.sedar.com , for a detailed discussion of the risk factors associated with Freegold's operations. On January 30, 2020 , the World Health Organization declared the COVID-19 outbreak a global health emergency. Reactions to the spread of COVID-19 continue to lead to, among other things, significant restrictions on travel, business closures, quarantines, and a general reduction in economic activity. While these effects have been reduced in recent months, the continuation and re-introduction of significant restrictions, business disruptions, and related financial impact, and the duration of any such disruptions cannot be reasonably estimated. The risks to Freegold of such public health crises also include employee health and safety risks and a slowdown or temporary suspension of operations in geographic locations impacted by an outbreak. Such public health crises, as well as global geopolitical crises, can result in volatility and disruptions in the supply and demand for various products and services, global supply chains, and financial markets, as well as declining trade and market sentiment and reduced mobility of people, all of which could affect interest rates, credit ratings, credit risk, and inflation. As a result of the COVID-19 outbreak, Freegold has implemented a COVID management program and established a full-service Camp at Golden Summit to attempt to mitigate risks to its employees, contractors, and community. While the extent to which COVID-19 may impact Freegold is uncertain, it is possible that COVID-19 may have a material adverse effect   on Freegold's business, results of operations, and financial condition.  

 

SOURCE Freegold Ventures Limited

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2025/19/c8191.html  

 
 

 

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Freegold Provides Update on 2025 Drill Program

Freegold Provides Update on 2025 Drill Program

 
 

  2025 PROGRAM  

 
  • Drilling is now underway with three rigs

    Conversion of inferred resources into indicated & further exploration drilling.

     
  •  
  • Updated mineral resource end of Q2

  •  
  • Ongoing metallurgical work, focusing on flowsheet optionality with sulphide oxidation is a key part of our strategy to maximize the potential of the resource.

  •  
  • Commencement of a Pre-Feasibility Study (PFS).
  •  

Freegold Ventures Limited (TSX: FVL) (OTCQX: FGOVF) ("Freegold" or the "Company ") is pleased to announce that three drill rigs are now operational at Golden Summit. One rig is situated in the WOW Zone (Holes GS2502, GS2505), another is operating in the Cleary Zone (Holes GS2501, GS2503), and a third is in the Dolphin Zone (GS2504). A fourth rig is anticipated to begin in early summer.

 

 

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Freegold Reports Final 2024 Drilling Results from Golden Summit Continuing to Confirm Higher Grade Potential

Freegold Reports Final 2024 Drilling Results from Golden Summit Continuing to Confirm Higher Grade Potential

 
 
  •   WOW ZONE – GS2437

     
    •   6.84 g/t Au over 20.6 m including 115.5 g/t over 0.8m   
    •  
    •   43.8 g/t Au over 3.0m   
    •  
  •  

  GS2435  

 
  •  
    •   1.01 g/t over 216 m   
    •  
    •   20.4 g/t over 1.3 m   
    •  
  •  

  GS2431  

 

 

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Freegold Intersects Higher-Grade in Both Cleary and WOW Zones in Drilling at Golden Summit

Freegold Intersects Higher-Grade in Both Cleary and WOW Zones in Drilling at Golden Summit

 
 

WOW ZONE GS2440

 
  •  
    •   2.07 g/t Au over 54.9m  
    •  
    • 128.3 g/t Au over 3.1m
    •  
    • 4.16 g/t Au over 21.6m
    •  
  •  
  • CLEARY ZONE – GS2441
  •  
  •  
    • 2.74/t over 30.3m
    •  
    • 11.6 g/t Au over 33.6m including 110 g/t Au over 3.1m
    •  
    • 1.73 g/t over 25m
    •  
  •  

2025 PROGRAM

 

 

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