Freegold Intersects 2.49 g/t Au over 167.7m and 0.94g/t Au over 617 m at Golden Summit

Freegold Intersects 2.49 g/t Au over 167.7m and 0.94g/t Au over 617 m at Golden Summit

 Freegold Ventures Limited (Freegold) (TSX: FVL) (OTCQX: FGOVF) is pleased to announce results from an additional 12 holes ( 6,091m ) as part of the program designed to expand, upgrade and increase the overall resource grade at the Golden Summit Project ("Golden Summit").  The highway-accessible Golden Summit project is located approximately 32 km northeast of Fairbanks, Alaska . The remaining results from the 2021 program are expected over the coming weeks.

Gold mineralization in the Dolphin/Cleary area is hosted within a broad structural corridor of gold mineralization that is hosted in Dolphin stock, a multiphase intrusive complex, and metasedimentary rocks comprised of various schists. Drilling and historic shallow underground mining has intersected this gold mineralization that extends from surface to depths of over 1,000 m from the Dolphin stock in the west to the Cleary Hill mine workings in the east, a distance of over 1.5km. Gold mineralization is hosted within high-grade quartz veins and silicified zones that occur within a broader lower-grade envelope of quartz stockwork mineralization. Freegold's drill programs continue to successfully delineate both these higher-grade veins as well as the encompassing lower-grade stockwork mineralization to depths well below the depths of previous drilling and outside of the current pit constrained gold resource.

The primary goal of these programs is to increase the grade and size of the current resource and to define the limits of the mineralized corridor through systematic drilling.  Four drill rigs have been operating since mid-February, and approximately 11,000 meters have been completed to date.

Zone

Hole
Number

Depth
(m)

Dip

Azimuth

From
(m)

To
(m)

Interval
(m)

Au g/t












Dolphin

GS2143

678.5

-70

360

5.2

38.7

33.5

0.33

Oxide






340.5

669.6

329.1

0.67



including




434.9

477.6

42.7

0.94



including




559.9

590.4

30.5

0.91













GS2145

541.3

-70

360

47.9

72.2

24.3

0.45

Oxide






102.7

154.5

51.8

0.75







410.6

520.3

109.7

0.84













GS2158

611

-70

360

177.8

206.4

28.6

3.97



including




177.8

178.9

1.1

58.4



including




189.1

191.1

2

15.85







232.5

236.8

4.4

1.72












Zone

Hole
Number

Depth
(m)

Dip

Azimuth

From
(m)

To (m)

Interval
(m)

Au g/t



GS2147

593.4

-70

360

306.9

331.3

24.4

0.69







377

593.4

216.4

2.02



including




377

380.1

3.1

59.9



including




377

544.7

167.7

2.49



including




541.6

544.7

3.1

21.2













GS2151

650.4

-70

360

32.6

650.4

617.8

0.94



including




57

105.8

48.8

2.49



including




84.4

87.5

3.1

11.5



including




87.5

90.5

3

15.15



including




383.1

650.4

267.3

1.3



including




404

407.2

3.2

10.1



including




447.1

489.8

42.7

3.76



including




462.4

465.4

3

33.3



GS2159

610.8

-70

360

72.2

610.8

538.6

0.69



including




404.5

610.8

206.3

1.12



including




467.3

468.5

1.2

17.6







589

592.9

3.9

11.85



GS2161

660.5

-70

360

23.1

24.1

1

29.1







233.5

633.1

399.6

0.77



including




453.2

481.6

28.4

1.17



including




512.7

553.8

41.1

1.53












Cleary

GS2116

464

-70

360

37.4

39

1.6

42.7







115.5

133.7

18.2

0.61







171.1

204.8

33.7

0.52













GS2135




197.8

273.2

75.4

0.51







255.1

273.2

18.1

0.84













GS2137

421.2

-70

360

29.4

50.3

20.9

0.66







283.2

312.7

29.5

0.64







344.5

364.9

20.4

0.43







386.2

410.6

24.4

1.03













GS2148

422.6

-70

360

152.6

167.2

14.6

0.59







172.2

260.6

88.4

0.97



including




210.3

235.5

25.2

1.7













GS2153

438

-70

360

30.2

42.7

12.5

0.68







205.4

221.7

16.3

0.95


The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization .

A brief description of the results of the some of the holes follows:

Dolphin Zone – All holes reported are drilled to the north

GS2147
Collared in the immediate footwall of the Dolphin intrusive and remained predominantly in schist until the end of the hole at 593.4.   The hole is located approximately 100 metres south of GSDL2003, and again notably intersected higher-grade mineralization from 377 to 544.7m and averaged 2.49 g/t Au over 167.7m within a broader intercept of 2.02 g/t over 216.4 m from 377 to 593.4m .  This intercept again demonstrates higher grade mineralization over broad intervals near the footwall contact of the intrusive.

GS2151
Collared in the immediate footwall of Dolphin intrusive the hole returned a broad zone of 617.8 m grading 0.94 gt Au from near-surface. Of particular significance are several zones of higher-grade mineralization including 48.8 m of 2.49 g/t Au from 57 to 105.8m and 42.7 m grading 3.76 g/t Au from 447.1 to 489.8m .

GS2143
Collared 175 metres south of GS2145 and within the Dolphin intrusive, the hole was primarily within schist for the first 200 metres before intersecting intrusive at 204.4 m and remained in intrusive for the next 200 metres before re-entering the schist until the end of the hole. Notable intercepts include 70.1 m grading 1.23 g/t from 343.5 to 413.5m , an over 50%  increase over the existing global resource grade of 0.69 g/t Au.

Cleary Zone – All holes reported are drilled to the north

The following holes were drilled to the north to establish the mineralized boundary and to test depths to the north beyond the previous drilling.  Holes GS2116, GS2153, GS2148, and GS2135 were drilled near the surface projection of the Colorado Vein and 100 metres downdip of the historic Cleary Hill mine workings.  The holes encountered significant faulting which truncates the mineralization to the north and is in line with previous results.

Results of these holes all of which are approximately 100 metres below the previous mine workings on Cleary Hill and in combination with previously reported drilling down-dip all indicate that the mineralization is continuing to broaden at depth with increasing cohesive grade. (GS2021 -  270.2 – 437 m 166.8 m at 1.55 g/t, and GS2017 which intersected 98.2m of 3.07 g/t from 300.5 to 398.7 g/t – 11.72 g/t uncut) . These holes were approximately 180 metres downdip of the intercept in GS2135.

GS2153
Intersected 0.95 g/t Au over 16.3 metres which is the downdip projection of the Cleary Vein Swarm, approximately 100 metres below the old workings.

GS2148,
Again, intersects the downdip projection of the Cleary Vein Swarm and returned 25.2 m grading 1.7 g/t Au, approximately 100 metres below the old workings.

GS2116
Collared 125 m to the north of GS2137 and designed to infill and determine the depth extent of the mineralization within Cleary Hill area..  Hole GS2116 successfully intersected the near surface projection of the Colorado vein zone intersection 1.6 m of 42.7 g/t Au from 37.4 to 39 m .  The downdip extension of the Cleary Vein Swarm was intersected at 171.1 metres and returned 0.52 g/t Au. Over 33.7 m . The mineralization is truncated to the north at a depth of 223m .

GS2137
Drilled in a previously undrilled area, and 110 m to the south of GS2116.  Highlights include 0.7m of 11.5 g/t Au from 35.7m to 36.4 m typical of the Cleary Vein system.  A more cohesive zone was intersected at 386.2 to 410.6  returning 24.4 m of 1.03 g/t. Further demonstrating the broadening and plunging of the mineralization to the south.

Drill Plan Map and Cross Section:
https://freegoldventures.com/site/assets/files/2280/drillplanmap_05182022.pdf
https://freegoldventures.com/site/assets/files/2280/s479150e_05182022.pdf

Golden Summit was the subject of an intensive drill campaign between January 2011 and August 2013 . 36,159 metres were drilled, and three NI 43-101 compliant resource updates were completed. In January 2016 , a preliminary economic assessment (PEA) was produced by TetraTech (Press release – January 26th, 2016 ).

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 Chemex. All assays were performed by ALS Global Ltd., with sample preparation carried out at the ALS facility in Fairbanks, Alaska , with subsequent studies performed primarily using its Vancouver and Reno laboratories. A sample quality control/quality assurance program was implemented.

Core samples were prepared using the PREP-31BY package in ALS's Fairbanks facility. 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, method code Au-GRAV21. 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 little fraction as well as an essay on the entire oversize fraction. Total Au content, individual assays, and weight fractions are reported. All analytical and assay procedures are conducted in ALS's North Vancouver facility and Reno facilities. A QA/QC program included laboratory and field standards inserted every 10 samples. Blanks are inserted at the start of the submittal and at least one blank every 25 standards with additional blanks inserted following samples visible gold.

Freegold continues to operate a full service camp at Golden Summit with 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 and holds through leases the Golden Summit Gold Project, near Fairbanks as well the Shorty Creek Copper –Gold Project near Livengood.

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 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, 2021 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 in order 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

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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

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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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