Freegold Intersects 1.4 m grading 34.4 g/t Au and 2.3 metres grading 20 g/t Au in Saddle Zone Drilling and Completes Acquisition of the Tolovana Claims

Freegold Intersects 1.4 m grading 34.4 g/t Au and 2.3 metres grading 20 g/t Au in Saddle Zone Drilling and Completes Acquisition of the Tolovana Claims

 
 

Freegold Ventures Limited (TSX: FVL) (OTCQX: FGOVF) is pleased to report drill results from the Saddle Zone drilling as part of the 2023 exploration program at Golden Summit. The 2023 program has been very successful in demonstrating significant expansion potential with drilling 250 meters west of the main ClearyDolphin zone intersecting multiple zones with over 2 gt of gold over a considerable width (2.12 gt over 197.3m ) within a broader interval of 1.76 gt Au over 276.5 meters.

 

Today's Saddle Zone results, 4 kilometres east of the central Dolphin/Cleary Zone, show further expansion potential to the east. The Saddle Zone comprises an extensive vein system mapped on the surface, covering a 3km by 1km area.  The 2023 program tested an 800-metre strike length of this vein swarm and successfully intersected attractive gold and silver mineralization in all seven reconnaissance holes. The program also tested the depth potential.

 

Unlike the Dolphin/Cleary Zone, where mineralization occurs within broad, continuous lower-grade halos surrounding higher-grade veins, mineralization in the Saddle Zone is hosted within discrete higher-grade veins, often with attractive silver values.

 

Significant results can be found in the table below:

 
 
                                                                                                                                                                                                                                                                                                            
 

   HOLE
NUMBER
 
 

 
 

   AZ   

 
 

   DIP   

 
 

   DEPTH
(M)
 
 

 
 

   FROM
(M)
 
 

 
 

   TO
(M)
 
 

 
 

   INTERVAL
(M)
 
 

 
 

   AU
G/T
 
 

 
 

   AG  G/T   

 
 

   Au EQ
G/T
 
 

 
 

  SZ2301  

 
 

  25  

 
 

  -55  

 
 

  512  

 
 

  163.8  

 
 

  167.3  

 
 

  3.5  

 
 

  1.93  

 
 

  57.50  

 
 

  2.63  

 
 

  including  

 
 
 
 
 

  163.8  

 
 

  165.7  

 
 

  1.9  

 
 

  1.81  

 
 

  101  

 
 

  3.04  

 
 

  SZ2302  

 
 

  20  

 
 

  -55  

 
 

  632  

 
 

  101.5  

 
 

  132.9  

 
 

  31.4  

 
 

  0.65  

 
 

  3.25  

 
 

  0.69  

 
 
 
 
 
 

  183  

 
 

  209  

 
 

  26  

 
 

  0.88  

 
 

  24.0  

 
 

  1.17  

 
 
 
 
 
 

  183  

 
 

  185  

 
 

  2  

 
 

  0.75  

 
 

  103  

 
 

  2.01  

 
 
 
 
 
 

  185  

 
 

  186.6  

 
 

  2  

 
 

  1.37  

 
 

  197  

 
 

  3.77  

 
 
 
 
 
 

  273.1  

 
 

  287  

 
 

  13.9  

 
 

  1.43  

 
 

  3.05  

 
 

  1.46  

 
 
 
 
 
 

  375.6  

 
 

  387.9  

 
 

  12.3  

 
 

  0.76  

 
 

  0.29  

 
 

  0.76  

 
 

  SZ2303  

 
 

  509  

 
 

  -55  

 
 

  20  

 
 

  75.6  

 
 

  89  

 
 

  13.4  

 
 

  0.72  

 
 

  0.43  

 
 

  0.73  

 
 
 
 
 
 

  121.2  

 
 

  126.2  

 
 

  5  

 
 

  1.44  

 
 

  25.5  

 
 

  1.75  

 
 
 
 
 
 

  305  

 
 

  310.2  

 
 

  5.2  

 
 

  4.11  

 
 

  1.20  

 
 

  4.12  

 
 

  SZ2304  

 
 

  498  

 
 

  -50  

 
 

  20  

 
 

  129.9  

 
 

  138.7  

 
 

  8.8  

 
 

  1.25  

 
 

  130.2  

 
 

  2.84  

 
 

  including  

 
 
 
 
 

   136.5   

 
 

   138.7   

 
 

   2.2   

 
 

   2.62   

 
 

   500.6   

 
 

   8.72   

 
 

  including  

 
 
 
 
 

   136.5   

 
 

   136.9   

 
 

   0.4   

 
 

   5.89   

 
 

   148   

 
 

   7.69   

 
 

  including  

 
 
 
 
 

   136.9   

 
 

   137.1   

 
 

   0.2   

 
 

   3.84   

 
 

   655   

 
 

   11.83   

 
 

  including  

 
 
 
 
 

   137.1   

 
 

   137.8   

 
 

   0.7   

 
 

   1.47   

 
 

   1110   

 
 

   15.01   

 
 

  including  

 
 
 
 
 

   137.8   

 
 

   138.7   

 
 

   0.9   

 
 

   1.8   

 
 

   149   

 
 

   3.62   

 
 
 
 
 
 

  431  

 
 

  440.4  

 
 

  9.4  

 
 

  2.57  

 
 

  22  

 
 

  2.84  

 
 

  SZ2305  

 
 

  616  

 
 

  -50  

 
 

  20  

 
 

   247.2   

 
 

   251.9   

 
 

   4.7   

 
 

   13.4   

 
 

   5.26   

 
 

   13.46   

 
 

  including  

 
 
 
 
 

   249.6   

 
 

   251   

 
 

   1.4   

 
 

   34.4   

 
 

   9.40   

 
 

   34.51   

 
 

  SZ2306  

 
 

  614  

 
 

  -55  

 
 

  20  

 
 

   225.1   

 
 

   227   

 
 

   1.9   

 
 

   24.1   

 
 

   9.60   

 
 

   24.22   

 
 
 
 
 
 

  395.2  

 
 

  418.7  

 
 

  23.5  

 
 

  0.73  

 
 

  96.3  

 
 

  1.91  

 
 

  including  

 
 
 
 
 

  414.6  

 
 

  417.4  

 
 

  2.8  

 
 

  0.79  

 
 

  711  

 
 

  9.46  

 
 

  SZ2307  

 
 

  691.7  

 
 

  -55  

 
 

  20  

 
 

  157.3  

 
 

  159.8  

 
 

  2.5  

 
 

  1.88  

 
 

  118  

 
 

  3.32  

 
 
 
 
 
 

  171.6  

 
 

  184  

 
 

  12.4  

 
 

  0.7  

 
 

  2.80  

 
 

  0.73  

 
 
 
 
 
 

  224  

 
 

  235.3  

 
 

  11.3  

 
 

  1.21  

 
 

  16.1  

 
 

  1.41  

 
 
 
 
 
 

   296   

 
 

   298.3   

 
 

   2.3   

 
 

   20   

 
 

   3.20   

 
 

   20.04   

 
 
 
 
 
 

  603.7  

 
 

  607.9  

 
 

  4.2  

 
 

  3.67  

 
 

  2.13  

 
 

  3.70  

 
 
 
 
 
 

  663.8  

 
 

  689  

 
 

  25.2  

 
 

  1.16  

 
 

  2.32  

 
 

  1.19  

 
 
 
 
 
 

   The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization.
AuEq (g/t)=(Au(g/t)*US$gold price per gram+Ag (g/t)*US$silver price per gram)/US$gold price per gram using a gold price of $2050 and a silver price of $25
 

 
 
 

Previously, Freegold conducted a limited drilling program on the Christina Vein, one of several veins located within the 3km by 1km wide Saddle Vein Swarm. The drilling program was carried out between 2011 and 2012 and covered a 150-meter strike length of the Christina Vein, situated west of the Main Saddle Zone.

 

Highlights from the 2011-2012 Christina Vein Testing:

 
 
                                                                                                                                                                                                        
 

   HOLE
NUMBER
 
 

 
 

   AZ   

 
 

   DIP   

 
 

   DEPTH
(M)
 
 

 
 

   FROM
(M)
 
 

 
 

   TO
(M)
 
 

 
 

   INTERVAL
(M)
 
 

 
 

   AU
G/T
 
 

 
 

   AG
G/T
 
 

 
 

   Au EQ
G/T
 
 

 
 

  GSDC1174  

 
 

  20  

 
 

  -50  

 
 

  264.6  

 
 

  115.52  

 
 

  118.87  

 
 

  3.35  

 
 

  5  

 
 

  69.3  

 
 

  5.85  

 
 

  GSDC1175  

 
 

  20  

 
 

  -50  

 
 

  250  

 
 

  19.2  

 
 

  23.17  

 
 

  3.97  

 
 

  1.37  

 
 

  3.21  

 
 

  1.41  

 
 
 
 
 
 

  112.78  

 
 

  114.3  

 
 

  1.52  

 
 

  15.96  

 
 

  1.20  

 
 

  15.97  

 
 
 
 
 
 

  128.02  

 
 

  137.16  

 
 

  9.14  

 
 

  1  

 
 

  2.87  

 
 

  1.04  

 
 
 
 
 
 

  149.35  

 
 

  153.93  

 
 

  4.58  

 
 

  1.47  

 
 

  48.6  

 
 

  2.06  

 
 

   GSDC1176   

 
 

   20   

 
 

   -50   

 
 

   224.3   

 
 

   57.91   

 
 

   66.6   

 
 

   8.69   

 
 

   28.10   

 
 

   13.82   

 
 

   28.27   

 
 

  including  

 
 
 
 
 

   57.91   

 
 

   61.88   

 
 

   3.97   

 
 

   61.0   

 
 

   29.20   

 
 

   61.36   

 
 
 
 
 
 

  122.53  

 
 

  124.66  

 
 

  2.13  

 
 

  8.95  

 
 

  3.96  

 
 

  9.00  

 
 
 
 
 
 

   170.99   

 
 

   187.3   

 
 

   16.31   

 
 

   5.26   

 
 

   91.42   

 
 

   6.37   

 
 

  GSDC1177  

 
 

  20  

 
 

  -50  

 
 

  256.3  

 
 

  195.07  

 
 

  199.65  

 
 

  4.58  

 
 

  2.64  

 
 

  1.43  

 
 

  2.66  

 
 

  GSCH1201  

 
 

  25  

 
 

  -50  

 
 

  224  

 
 

  77.42  

 
 

  81.69  

 
 

  4.27  

 
 

  1.37  

 
 

  2.04  

 
 

  1.39  

 
 

  GSCH1202  

 
 

  25  

 
 

  -50  

 
 

  228  

 
 

  106.99  

 
 

  114.61  

 
 

  7.62  

 
 

  0.94  

 
 

  4.68  

 
 

  1.00  

 
 

  GSCH1204  

 
 

  25  

 
 

  -50  

 
 

  213.4  

 
 

  156.67  

 
 

  163.07  

 
 

  6.4  

 
 

  1.34  

 
 

  0.63  

 
 

  1.35  

 
 

  GSCH1205  

 
 

  25  

 
 

  -50  

 
 

  263.2  

 
 

  159.56  

 
 

  161.09  

 
 

  1.53  

 
 

  8.73  

 
 

  5.70  

 
 

  8.80  

 
 
 
 
 
 

  213.97  

 
 

  217.33  

 
 

  3.36  

 
 

  4.41  

 
 

  1.52  

 
 

  4.43  

 
 

  GSCH1206  

 
 

  25  

 
 

  -50  

 
 

  253  

 
 

  147.83  

 
 

  149.35  

 
 

  1.52  

 
 

  9.04  

 
 

  9.00  

 
 

  9.15  

 
 
 
 
 
 

  238.05  

 
 

  239.58  

 
 

  1.53  

 
 

  6.09  

 
 

  4.90  

 
 

  6.15  

 
 

  GSCH1207  

 
 

  25  

 
 

  -50  

 
 

  258.5  

 
 

  129.85  

 
 

  131.98  

 
 

  2.13  

 
 

  7.9  

 
 

  11.10  

 
 

  8.04  

 
 
 
 
 
 

  166.73  

 
 

  168.25  

 
 

  1.52  

 
 

  4.95  

 
 

  3.30  

 
 

  4.99  

 
 
 
 
 
 

   The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization.
AuEq (g/t)=(Au(g/t)*US$gold price per gram+Ag (g/t)*US$silver price per gram)/US$gold price per gram using a gold price of $2050 and a silver price of $25
 

 
 
 

The Saddle Zone plan map & Sections 483000E and 482300E can be found here:
https://freegoldventures.com/site/assets/files/6287/saddle-drill-plan-map.pdf  
https://freegoldventures.com/site/assets/files/6287/2024-02-482300e-section.pdf  
https://freegoldventures.com/site/assets/files/6287/2024-02-483000e_section.pdf  

 

The 2024 program will consist of drilling west of the main Dolphin/Cleary, where mineralization has the potential to be both higher grade and closer to the surface, testing an extensive 1.5 km gold-in-soil geochemical anomaly west of the current resource. In the Saddle Zone, the 2024 program will primarily focus on testing the vein zones not explored during the 2023 program. The primary goal is to locate higher-grade veins and trace them towards the surface. Moreover, the American Eagle, within the Saddle Zone, which historically produced 60,000 ounces at an average of 1.6 ounces per tons will be another area of interest. The Christina Vein will also undergo further drilling to depth.

 

Holes to still be reported from the 2023 Program:

 
 
      
 

  Zone  

 
 

  Hole Numbers  

 
 

  Tolovana Vein Swarm west of Willow Creek  

 
 

  GS2336- GS2337  

 
 

  The number of Holes yet to be reported  

 
 

  2  

 
 
 
  Tolovana Exercise  
 

Furthermore, Freegold is pleased to announce that it has exercised its right to purchase the state and federal mining claims that have previously been subject to a 20-year lease on what is known as the Tolovana Gold Property in Alaska by making a payment of US$655,260 . The Tolovana Gold Property was leased by a third party and later assigned to Freegold, which assumed all the Seller's obligations under the lease, including annual lease payments. The property was subject to a sliding scale NSR under the lease. The Tolovana exercise eliminates the NSR under the lease and further solidifies Freegold's land position.

 
  QA/QC Protocols  
 

A sample quality control/quality assurance program has been in place throughout the program. Drill cores were cut in half using a diamond saw, with one-half placed in sealed bags for preparation and subsequent geochemical analysis by ALS Laboratories.  Core samples were prepared in ALS's facility using the PREP-31BY package. Each core sample is crushed to better than 70%, passing a 2 mm (Tyler 9 mesh, US Std. No.10) screen. A split of 1kg is taken and pulverized to better than 85 % passing a 75-micron (Tyler 200 mesh, US Std. No. 200) screen; a portion of this pulverized split is digested by Four Acid and analyzed via ICP-AES (method code ME-ICP61). Fire Assay analyzes all samples with an AAS finish, method code Au-AA23 (30g sample size) and over 10 g/t are automatically assayed using a FA Grav method, Au-GRAV21. Silver Assays over 100 g/t are automatically re-assayed using Ag-OG62. Additional Au screening is performed using ALS's Au- SCR24 method; select samples are dry-screened to 100 microns. A duplicate 50g fire assay is conducted on the undersized fraction, and an assay is conducted on the entire oversize fraction. Total Au content, individual assays, and weight fractions are reported. Analytical and assay procedures are conducted in ALS's North Vancouver and Reno facilities.

 

The QA/QC program included 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 and 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, 2022 , 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: http://www.newswire.ca/en/releases/archive/February2024/22/c2655.html  

 
 

News Provided by Canada Newswire via QuoteMedia

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Developing highly prospective gold and copper projects in Alaska

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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