FREEGOLD INTERSECTS 3.83 G/T AU OVER 190.8 METRES AND 1.71 G/T AU OVER 370.1 METRES AT GOLDEN SUMMIT

FREEGOLD INTERSECTS 3.83 G/T AU OVER 190.8 METRES AND 1.71 G/T AU OVER 370.1 METRES AT GOLDEN SUMMIT

 
 

  HIGHLIGHTS:  

 
  • GS2232 3.83 g/t Au over 190.8m   
  •  
    •   Including 174.5 g/t Au over 3 m   
    •  
    •   1.37 g/t Au over 67.2m   
    •  
  • GS2215 1.71 g/t Au over 370.1 m   
  •  
    •   Including 119 g/t Au over 3 m   
    •  
  • GS2236 1.93 g/t Au over 175.3 m   
  •  
    •   Including 5.5 g/t Au over 42.1 m   
    •  
    •   Including 30.1 g/t Au over 3.1 m   
    •  

 Freegold Ventures Limited (Freegold) (TSX: FVL) (OTCQX: FGOVF) is pleased to report results from an additional nine holes ( 7,753.5m ) from its drill program designed to expand, upgrade and increase the overall resource grade at the Golden Summit Project ("Golden Summit" or the "Project") through systematic drilling.

 

With over 80 documented gold occurrences and 3 of the highest grade historic producers in the district situated within the property, Golden Summit project represents an exceptional exploration project.  Since 2020 over 83,000 metres in 130 holes have been drilled with results continuing to demonstrate the presence of a robust mineralized system.

 

Holes GS2226, GS2215, GS2236, GS2227 were drilled in the western portion of the Dolphin deposit.   GS2215 returned an impressive 370.1 metres grading 1.71 g/t, including 3 metres grading 119 g/t Au near the central portion of the Dolphin deposit. GS2232 in the southern portion of the deposit continues to demonstrate the presence of higher-grade mineralization returning 3.83 g/t over 190.8 metres and a further 67.2 metres grading 1.37 g/t Au. Holes G2236 and GS2226 were drilled on the western side of the Tolovana Vein. Drilled to the north, GS2226 continues to expand the mineralization to the north in an area of limited drilling. GS2236, again drilled to the north on the west side of the Tolovana Vein structure returned a broad zone of higher-grade mineralization and further demonstrates expansion potential to the west intersecting 175.3 metres grading 1.93 g/t Au including 42.1 metres grading 5.5 g/t Au.

 

  DOLPHIN  

 
 
                                                                                                                                                                                                                                                                                                                                          
 

   Zone   

 
 

   Hole Number   

 
 

   Depth
(m)
 
 

 
 

   Dip   

 
 

   Azimuth   

 
 

   From
(m)
 
 

 
 

   To
(m)
 
 

 
 

   Interval
(m)
 
 

 
 

   Au g/t   

 
 

   Cut to
88 g/t
Au
 
 

 
 

  Dolphin  

 
 

  GS2211  

 
 

  745.5  

 
 

  -70  

 
 

  360  

 
 

  275.9  

 
 

  319.1  

 
 

  43.2  

 
 

  1.10  

 
 
 
 
 
 
 
 

  436.2  

 
 

  444.1  

 
 

  7.9  

 
 

  1.30  

 
 
 
 
 
 
 
 

  492.4  

 
 

  535.5  

 
 

  43.1  

 
 

  0.86  

 
 
 
 
 
 
 
 

  578.2  

 
 

  608.7  

 
 

  30.5  

 
 

  1.37  

 
 
 
 
 
 
 
 
 
 
 
 
 
 

  GS2213  

 
 

  953  

 
 

  -70  

 
 

  360  

 
 

  190.0  

 
 

  221.0  

 
 

  31.0  

 
 

  0.65  

 
 
 
 
 
 
 
 

  271.5  

 
 

  296.0  

 
 

  24.5  

 
 

  0.91  

 
 
 
 
 
 
 
 

  436.7  

 
 

  471.9  

 
 

  35.2  

 
 

  0.90  

 
 
 
 
 
 
 
 
 
 
 
 
 
 

  GS2215  

 
 

  921.4  

 
 

  -70  

 
 

  360  

 
 

  189.3  

 
 

  224.6  

 
 

  35.3  

 
 

  0.73  

 
 
 
 
 
 
 
 

  291.7  

 
 

  661.8  

 
 

  370.1  

 
 

  1.71  

 
 

  1.46  

 
 
 

   including   

 
 
 
 
 

  319.1  

 
 

  322.2  

 
 

  3.1  

 
 

  119  

 
 
 
 
 
 
 
 
 
 
 
 
 
 

  GS2226  

 
 

  826.2  

 
 

  -70  

 
 

  360  

 
 

  199.3  

 
 

  238.6  

 
 

  39.3  

 
 

  1.03  

 
 
 
 
 
 
 
 

  447.4  

 
 

  628.8  

 
 

  181.4  

 
 

  0.8  

 
 
 
 
 
 
 
 

  675.9  

 
 

  695.0  

 
 

  19.1  

 
 

  1.38  

 
 
 
 
 
 
 
 
 
 
 
 
 
 

  GS2227  

 
 

  1072  

 
 

  -70  

 
 

  360  

 
 

  374.0  

 
 

  383.1  

 
 

  9.1  

 
 

  1.3  

 
 
 
 
 
 
 
 

  559.9  

 
 

  611.7  

 
 

  51.8  

 
 

  1.04  

 
 
 
 
 
 
 
 

  739.8  

 
 

  815.9  

 
 

  76.1  

 
 

  0.91  

 
 
 
 
 
 
 
 
 
 
 
 
 
 

  GS2232  

 
 

  1008  

 
 

  -70  

 
 

  360  

 
 

   363.0   

 
 

   553.8   

 
 

   190.8   

 
 

   3.83   

 
 

  2.47  

 
 
 

   including   

 
 
 
 
 

  550.8  

 
 

  553.8  

 
 

  3.0  

 
 

  174.5  

 
 
 
 
 
 
 
 

  632.6  

 
 

  699.8  

 
 

  67.2  

 
 

  1.37  

 
 
 
 

   including   

 
 
 
 
 

  663.4  

 
 

  666.2  

 
 

  2.8  

 
 

  12.2  

 
 
 
 
 
 
 
 
 
 
 
 
 
 

  GS2236  

 
 

  736.4  

 
 

  -70  

 
 

  360  

 
 

  53.0  

 
 

  59.0  

 
 

  6.0  

 
 

  1.8  

 
 
 
 
 
 
 
 

  340.5  

 
 

  343.5  

 
 

  3.0  

 
 

  16.7  

 
 
 
 
 
 
 
 

   451.7   

 
 

   627.0   

 
 

   175.3   

 
 

   1.93   

 
 
 
 

   including   

 
 
 
 
 

   451.7   

 
 

   492.9   

 
 

   41.2   

 
 

   5.50   

 
 
 
 

   including   

 
 
 
 
 

  465.4  

 
 

  468.5  

 
 

  3.1  

 
 

  30.1  

 
 
 
 

   including   

 
 
 
 
 

  477.6  

 
 

  480.7  

 
 

  3.1  

 
 

  15.1  

 
 
 
 
 
 
 

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

 
 
 

  CLEARY  

 

GS2231 and GS2234 were aimed at testing the downdip extent of the CVS.  Results continue to demonstrate the expansion potential of Golden Summit intersecting narrow high-grade veins within a broader envelope of mineralization.

 
 
                                                               
 

  Zone  

 
 

  Hole Number  

 
 

  Depth
(m)
 

 
 

  Dip  

 
 

  Azimuth  

 
 

  From
(m)
 

 
 

  To
(m)
 

 
 

  Interval
(m)
 

 
 

  Au
g/t
 

 
 

  Cleary  

 
 

  GS2231  

 
 

  791  

 
 

  -70  

 
 

  360  

 
 

   179.0   

 
 

   225.5   

 
 

   46.5   

 
 

   2.12   

 
 
 

   including   

 
 
 
 
 

  179.0  

 
 

  213.8  

 
 

  34.8  

 
 

  2.29  

 
 
 
 
 
 
 

  486.6  

 
 

  569.0  

 
 

  82.4  

 
 

  0.68  

 
 
 
 
 
 
 
 
 
 
 
 

  GS2234  

 
 

  700  

 
 

  -70  

 
 

  360  

 
 

  477.0  

 
 

  477.4  

 
 

  0.4  

 
 

  62.70  

 
 
 
 
 
 
 

  699.0  

 
 

  761.9  

 
 

  62.9  

 
 

  0.70  

 
 
 
 
 
 

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

 
 
 

In the late fall of 2022, a broad spaced NSAMT survey was carried out over the core of the Dolphin deposit. Preliminary 3D inversions show a resistive corridor which appears to track higher grade intervals in the deposit area.   Given the initial preliminary success, additional surveys to expand the coverage in the Dolphin area and well as to cover other prospective targets on the property are being planned.

 

Links to Drill Plan Map
https://freegoldventures.com/site/assets/files/6143/479850e.pdf  
https://freegoldventures.com/site/assets/files/6143/478900e.pdf  
https://freegoldventures.com/site/assets/files/6143/planmap_01232023.pdf  

 

The 2020-2022 drill program focused exclusively on the Dolphin Cleary Zone and extended gold mineralization over 1.5 km along strike and to depths of over 1,000 metres. Mineralization in the Dolphin/Cleary is hosted within a broad structural corridor of gold mineralization comprised of the Dolphin stock, a multiphase intrusive complex, and metasedimentary rocks comprised of various schists within which are discrete high-grade veins, veinlets, and areas of vein stockwork which effectively form a vein swarm, that occasionally contain exceptional high grades.  The main Cleary Hill Vein swarm (CVS) mineralization dips to the south. It plunges southwest towards the Dolphin intrusive, with the mineralization increasing in intensity closer to the Dolphin intrusive and especially along the contact margins.

 

The Dolphin-Cleary is the only area of the project to have a resource delineated. The deposit remains open, particularly to the west/southwest, where Freegold outlined a strong gold in soil geochemical anomaly that has not been drill tested.  Further southwest lies the historic Newsboy Mine, which produced 40,000 ounces at an average grade of 1oz/t.  Other exploration targets within this remarkable project include the Saddle Zone and the Hi Yu area both of which host historic high-grade producers (Saddle Zone – American Eagle 60,000 ounces @ 1.6 oz/t, Hi Yu – 110,000 ounces @ 1.6 oz/t).  The 2023 program will target these areas with the aim of building additional resources.

 

The highway-accessible Golden Summit project is located approximately 32 km northeast of Fairbanks, Alaska , and was the subject of an intensive drill campaign between January 2011 and August 2013 in which 36,159 metres were drilled. Three resource updates were completed each in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). In January 2016 , a preliminary economic assessment ("2016 PEA") prepared in accordance with NI 43-101 was produced for the Company by Tetra Tech. Limited drilling was conducted between 2013 – 2020 (1,890 metres – of shallow oxide drilling). Since 2020 over 83,826 meters have been drilled, representing the most focused exploration effort ever undertaken on the Golden Summit project.

 

A sample quality control/quality assurance program was implemented. 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 conducted at the ALS facility in Fairbanks, Alaska , with subsequent studies conducted primarily using its Vancouver and Reno laboratories.

 

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, 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 and an assay 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. A 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, with additional blanks inserted following samples of visible gold.

 

Freegold has 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 of Exploration and Development for Freegold.

 
  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, 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. 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 there has been a reduction in these effects 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 at this time. 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. 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: https://www.newswire.ca/en/releases/archive/January2023/23/c4351.html  

 
 

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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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