Latest news with #Freegold
Cision Canada
3 days ago
- Business
- Cision Canada
Freegold Achieves over 90% Gold Recovery Using BIOX® and greater than 92% Gold Recovery using POX - Additional Metallurgical Work Remains Ongoing
VANCOUVER, BC, June 19, 2025 /CNW/ - 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. 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. 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. 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, 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 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.
Yahoo
29-05-2025
- Business
- Yahoo
Freegold Provides Update on 2025 Drill Program
2025 PROGRAM Drilling is now underway with three rigsConversion 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). VANCOUVER, BC, May 29, 2025 /CNW/ - 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. The 2025 drilling program aims to upgrade inferred mineral resources to indicated through targeted infill drilling, along with geotechnical drilling and additional metallurgical test holes. Since 2020, exploration has been highly successful. With a discovery cost of under $4.00 per ounce and substantially increased grade and tonnage, Golden Summit has grown into one of the most significant undeveloped gold resources in North America. Ongoing metallurgical tests indicate that a substantial portion of the mineralization is non-refractory and can be processed conventionally, although further processing of sulfides is necessary for optimal recoveries. The September 2024 resource estimate, based on a gold price of US$1,973, includes a flowsheet comprising grinding, gravity separation, flotation, regrinding of sulfide concentrate, and CIL treatment, achieving a 72% recovery rate at a processing cost of $14 per ton. To increase recoveries, additional sulfide processing (oxidation) is beneficial; however, this will increase costs, which higher gold recovery and higher gold prices could well offset. Current metallurgical programs are aimed at refining the flowsheet options available for evaluation in a pre-feasibility study, including testing of sulphide-oxidizing methods such as BIOX®, POX, and Albion Process. Earlier this year, Freegold reported 93% recovery using the Albion Process™. Earlier this year, Freegold reported 93% recovery using the Albion ProcessTM 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 to determine the trade-off between grind size and liberation versus power consumption with a view to optimizing power requirements and gold recoveries. An updated mineral resource estimate based on the 2024 drilling is expected to be completed in the second quarter of 2025. Link to the Plan Map 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. 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, Vice President of Exploration and Development for Freegold, who has approved the scientific and technical disclosure in this news release. About Freegold Ventures LimitedFreegold 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. For further information: Kristina WalcottPresident and CEOTelephone: 1.604.662.7307jkw@ 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 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 View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
29-05-2025
- Business
- Cision Canada
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). VANCOUVER, BC, May 29, 2025 /CNW/ - 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. The 2025 drilling program aims to upgrade inferred mineral resources to indicated through targeted infill drilling, along with geotechnical drilling and additional metallurgical test holes. Since 2020, exploration has been highly successful. With a discovery cost of under $4.00 per ounce and substantially increased grade and tonnage, Golden Summit has grown into one of the most significant undeveloped gold resources in North America. Ongoing metallurgical tests indicate that a substantial portion of the mineralization is non-refractory and can be processed conventionally, although further processing of sulfides is necessary for optimal recoveries. The September 2024 resource estimate, based on a gold price of US$1,973, includes a flowsheet comprising grinding, gravity separation, flotation, regrinding of sulfide concentrate, and CIL treatment, achieving a 72% recovery rate at a processing cost of $14 per ton. To increase recoveries, additional sulfide processing (oxidation) is beneficial; however, this will increase costs, which higher gold recovery and higher gold prices could well offset. Current metallurgical programs are aimed at refining the flowsheet options available for evaluation in a pre-feasibility study, including testing of sulphide-oxidizing methods such as BIOX®, POX, and Albion Process. Earlier this year, Freegold reported 93% recovery using the Albion Process™. Earlier this year, Freegold reported 93% recovery using the Albion Process TM 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 to determine the trade-off between grind size and liberation versus power consumption with a view to optimizing power requirements and gold recoveries. An updated mineral resource estimate based on the 2024 drilling is expected to be completed in the second quarter of 2025. 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. 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, 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. For further information: Kristina Walcott President and CEO Telephone: 1.604.662.7307 [email protected] 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 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.
Yahoo
08-05-2025
- Business
- Yahoo
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 1.73 g/t over 111 m DOLPHIN ZONE - GS2432 1.17 g/t Au over 253.3m CLEARY ZONE – GS2434 1.84/t over 61m 1.6 g/t over 18.7m 2025 PROGRAM Drilling is now underway. Conversion of inferred resources intoindicated & exploration drilling. Updated mineral resource. Ongoing metallurgical work. Commencement of PFS. VANCOUVER, BC, May 8, 2025 /CNW/ - Freegold Ventures Limited (TSX: FVL) (OTCQX: FGOVF) ("Freegold" or the "Company") is pleased to announce the final drill results from its 2024 drill program. These results underscore the significant potential within Freegold's project area, particularly in the Dolphin and Cleary Zones. The impressive grades and extended intercepts highlight the robustness of the mineralization and provide further confidence. Freegold is committed to advancing its geological understanding and refining its resource estimates, ultimately enhancing the project's value. An updated mineral resource estimate, incorporating the 2024 results, is scheduled for completion by the end of the second quarter 2025. Drilling at Golden Summit is now underway. The aim is to convert inferred mineral resources into the indicated category, and additional exploration drilling will also be conducted. This comprehensive 2025 drill program will also include additional drilling of metallurgical holes in preparation for a planned Pre-Feasibility Study (PFS). Alongside the ongoing drill program, metallurgical work is advancing. Several rounds of testing are expected to be completed over the coming months. The current metallurgical program is focused on identifying effective sulfide oxidation methods to enhance gold recovery and revenue. This ongoing testing includes BIOX®, POX, and additional Albion Process™ oxidation before CIL. The results will provide a foundation for trade-off studies to maximise recoveries while minimizing capital and operational expenditures in preparation for the PFS. CLEARY ZONE The 2024 drill program included four large-diameter holes for metallurgical test work. Hole GS2421, located in the Cleary Zone, filled a 200m gap and exhibited one of the most continuous higher-grade intercepts observed in the eastern section of the resource area. It returned 115.5m at 1.17 g/t Au, starting at a depth of 197.5m, and 3.62 g/t Au over 42m from a depth of 361m (NR 11072024). Due to this success, three follow-up holes were drilled later in the season within the Cleary Zone: GS2438, GS2441 (NR04232025), and GS2434. All these holes intercepted broader zones of higher-grade material, which are not typically seen at Cleary. Drilling is underway in the Cleary Zone, further targeting these higher-grade zones. CLEARY ZONE - Drilled 70m SW of GS2421 Hole Depth Dip Azimuth From To Interval Au Number (m) (m) (m) g/t GS2434 550.8 -90 0 319.1 380.1 61 1.84 410.2 428.9 18.7 1.6 453 465.4 12.4 1.48 The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization. DOLPHIN ZONE In 2024, infill drilling was conducted within the Dolphin Zone. Holes GS2432 and GS2436 targeted the southern portion of the Dolphin Zone. Hole GS2432 returned a significant intercept of 0.9 g/t Au over 428.5m, including a notable 6.82 g/t over 18.2m starting from 486.5m, further confirming the continuity of mineralization. Hole GS2436 indicates the potential for mineralization to extend to depth. DOLPHIN ZONE Hole Depth Dip Azimuth From To Interval Au Number (m) (m) (m) g/t GS2432 788.2 -70 0 138 141.1 3.1 13.3 188.1 616.6 428.5 0.9 incl363.3 616.6 253.3 1.17 incl363.3 407.8 44.5 1.32 incl486.5 504.7 18.2 6.82 GS2436 652.9 -90 0 121 132.9 11.9 1.6 256.9 275.2 18.3 0.99 410.6 440.7 30.1 1.08 508.1 646.8 138.7 0.9 The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization. WOW ZONE The 2024 drill program concentrated on the WOW Zone, aiming to explore the potential for resource expansion to the west while conducting limited infill drilling. Ongoing drilling in the WOW Zone has uncovered an extension of higher-grade mineralization to the west and returned multiple higher-grade zones with a notable increase in the presence of visible gold. The 2025 drilling in the WOW Zone is now in progress, targeting this higher-grade extension and conducting infill drilling to improve resource classifications. WOW ZONE Hole Depth Dip Azimuth From To Interval Au Au Number (m) (m) (m) g/t Cut to90g/t GS2430 639.2 -90 0 121.9 123.7 1.8 23.1270.4 316.1 45.7 0.62434.9 461.5 26.6 0.66491 501.7 10.7 1.79GS2431 623 -85 0 111.3 120.8 9.5 2.81209 238.1 29.1 1.08263 289.9 26.9 0.6323 350 27 1.94407 518 111 1.73incl407 439.8 32.8 2.95incl430.5 433.6 3.1 22.0incl497 518 21 3.49incl512 515 3 19.3548 561.1 13.1 0.78GS2433 654 -90 0 482.2 508.8 26.6 0.82523.8 530.1 6.3 4.19GS2435 653 -85 0 98 155 57 1.07196.5 215 18.5 1.17254 470 216 1.01incl254 317 63 1.43558.5 559.8 1.3 20.4 Hole Depth Dip Azimuth From To Interval Au Au Number(m) (m) (m) g/t Cut to 90g/t GS2437 609 -85 0 69.8 102 32.2 0.85268.8 293.8 25 1.39326.6 344.4 17.8 1.37396 416.6 20.6 6.84 5.85 incl398.6 399.4 0.8 115.5498 501 3 43.8The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization The current results demonstrate the potential for infill drilling to enhance the resource grade and upgrade resource categories. This strategy aligns with our commitment to maximizing the project's value before completing any economic assessments. With drilling now underway, Freegold is looking forward to an exciting field season. Links to the Plan Map and Section A sample quality control/quality assurance program has been in place throughout the program. Drill cores were cut in half using a diamond saw and 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, using method code Au-AA23 (30g sample size) and over 10 g/t, which are automatically assayed using an 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 fine 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 Qualified Person for this release is Alvin Jackson, Vice President of Exploration and Development for Freegold, who has approved the scientific and technical disclosure in this news release. About Freegold Ventures LimitedFreegold 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. For further information: Kristina WalcottPresident and CEOTelephone: 1.604.662.7307jkw@ 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 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 View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
08-05-2025
- Business
- Cision Canada
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 1.73 g/t over 111 m DOLPHIN ZONE - GS2432 1.17 g/t Au over 253.3m CLEARY ZONE – GS2434 1.84/t over 61m 1.6 g/t over 18.7m 2025 PROGRAM Drilling is now underway. Conversion of inferred resources into indicated & exploration drilling. Updated mineral resource. Ongoing metallurgical work. Commencement of PFS. VANCOUVER, BC, May 8, 2025 /CNW/ - Freegold Ventures Limited (TSX: FVL) (OTCQX: FGOVF) ("Freegold" or the "Company") is pleased to announce the final drill results from its 2024 drill program. These results underscore the significant potential within Freegold's project area, particularly in the Dolphin and Cleary Zones. The impressive grades and extended intercepts highlight the robustness of the mineralization and provide further confidence. Freegold is committed to advancing its geological understanding and refining its resource estimates, ultimately enhancing the project's value. An updated mineral resource estimate, incorporating the 2024 results, is scheduled for completion by the end of the second quarter 2025. Drilling at Golden Summit is now underway. The aim is to convert inferred mineral resources into the indicated category, and additional exploration drilling will also be conducted. This comprehensive 2025 drill program will also include additional drilling of metallurgical holes in preparation for a planned Pre-Feasibility Study (PFS). Alongside the ongoing drill program, metallurgical work is advancing. Several rounds of testing are expected to be completed over the coming months. The current metallurgical program is focused on identifying effective sulfide oxidation methods to enhance gold recovery and revenue. This ongoing testing includes BIOX ®, POX, and additional Albion Process™ oxidation before CIL. The results will provide a foundation for trade-off studies to maximise recoveries while minimizing capital and operational expenditures in preparation for the PFS. CLEARY ZONE The 2024 drill program included four large-diameter holes for metallurgical test work. Hole GS2421, located in the Cleary Zone, filled a 200m gap and exhibited one of the most continuous higher-grade intercepts observed in the eastern section of the resource area. It returned 115.5m at 1.17 g/t Au, starting at a depth of 197.5m, and 3.62 g/t Au over 42m from a depth of 361m (NR 11072024). Due to this success, three follow-up holes were drilled later in the season within the Cleary Zone: GS2438, GS2441 (NR04232025), and GS2434. All these holes intercepted broader zones of higher-grade material, which are not typically seen at Cleary. Drilling is underway in the Cleary Zone, further targeting these higher-grade zones. The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization. DOLPHIN ZONE In 2024, infill drilling was conducted within the Dolphin Zone. Holes GS2432 and GS2436 targeted the southern portion of the Dolphin Zone. Hole GS2432 returned a significant intercept of 0.9 g/t Au over 428.5m, including a notable 6.82 g/t over 18.2m starting from 486.5m, further confirming the continuity of mineralization. Hole GS2436 indicates the potential for mineralization to extend to depth. The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization. WOW ZONE The 2024 drill program concentrated on the WOW Zone, aiming to explore the potential for resource expansion to the west while conducting limited infill drilling. Ongoing drilling in the WOW Zone has uncovered an extension of higher-grade mineralization to the west and returned multiple higher-grade zones with a notable increase in the presence of visible gold. The 2025 drilling in the WOW Zone is now in progress, targeting this higher-grade extension and conducting infill drilling to improve resource classifications. Hole Depth Dip Azimuth From To Interval Au Au Number (m) (m) (m) g/t Cut to 90g/t GS2437 609 -85 0 69.8 102 32.2 0.85 268.8 293.8 25 1.39 326.6 344.4 17.8 1.37 396 416.6 20.6 6.84 5.85 incl 398.6 399.4 0.8 115.5 498 501 3 43.8 The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization The current results demonstrate the potential for infill drilling to enhance the resource grade and upgrade resource categories. This strategy aligns with our commitment to maximizing the project's value before completing any economic assessments. With drilling now underway, Freegold is looking forward to an exciting field season. Links to the Plan Map and Section A sample quality control/quality assurance program has been in place throughout the program. Drill cores were cut in half using a diamond saw and 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, using method code Au-AA23 (30g sample size) and over 10 g/t, which are automatically assayed using an 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 fine 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 Qualified Person for this release is Alvin Jackson, 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. For further information: Kristina Walcott President and CEO Telephone: 1.604.662.7307 [email protected] 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 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.
