Freegold Ventures Limited has intersected 3.59 g/t gold over 143.7 metres from 758 metres downhole, including a high-grade interval of 141.3 g/t gold over 3.0 metres, in ongoing drilling at the Golden Summit project in Alaska.

The drill results form part of the company's active 2026 exploration program across the deposit, which is utilising six rigs to execute infill, geotechnical, metallurgical, and condemnation drilling in parallel. The work is designed to confirm grade continuity, define geological controls, and build resource confidence in key target areas, including the Dolphin and Cleary zones.

Freegold is preparing an updated Mineral Resource Estimate that will incorporate data from the 2026 drill program to support a targeted Pre-Feasibility Study in 2027. The company previously outlined plans to develop a conceptual higher-grade starter pit targeting 5 to 10 million ounces at Golden Summit to enhance early project economics ahead of the study.

At the Dolphin Area, hole GS2638 was collared on the northwest side of the Dolphin stock near the Willow Creek topographic corridor and returned the broad mineralised interval alongside the high-grade vein sample, which was associated with quartz-arsenopyrite-pyrite veins containing visible gold and green clay. Hole GS2630, drilled nearby, returned 523 metres grading 0.75 g/t gold to the end of the hole at 908 metres, featuring multiple higher-grade sampling intervals.

Drilling in the shallow Cleary Area tested the northern margin of the deposit across the Cleary Road Cut Shear and into its footwall block to define the northern limits of mineralization. Additional metallurgical test work is continuing on samples from the 2025 and 2026 drill programs to evaluate recoveries, reagent use, energy requirements, and processing capital intensity. No processing path has been selected at this stage.

Elsewhere in the surrounding district, Felix Gold Limited was selected by the U.S. Department of Energy for a financial award of up to $18 million to progress its Treasure Creek Antimony Pilot Processing Facility. Once current infill and technical programs at Golden Summit are completed, Freegold expects to shift one rig east to test priority exploration targets.

Read the full announcement: Freegold Intersects 3.59 g/t Au Over 143.7 m Including 141.3 g/t Au Over 3.0 m as It Advances Golden Summit PFS