202617 releases
Freegold drills 1.24 g/t Au over 213m including 21m of 5.77 g/t Au at Golden Summit
Results from eight drill holes at the Golden Summit project in Alaska include GS2656, which returned 213.0 m at 1.24 g/t Au from 422 m, including 21 m at 5.77 g/t Au from 467 m and 3.0 m at 32.7 g/t Au, and GS2648, which returned 30.5 m at 1.67 g/t Au from 63.1 m and 79.3 m at 1.11 g/t Au from 377 m. More than 58,000 m has been drilled in 2026, with eight geotechnical holes complete and a resource update and pre-feasibility study targeted for 2027.
Drill resultsFreegold Intersects 3.10 g/t Au over 102.8 m
Drilling at the Golden Summit project in Alaska returned 102.8 m at 3.10 g/t Au from 460.2 m in hole GS2634, including 55.9 m at 5.18 g/t Au and 1.2 m at 183.4 g/t Au, while GS2641 cut 5.8 m at 71.46 g/t Au and 78.0 m at 1.27 g/t Au. Dolphin holes returned 283.8 m at 0.61 g/t Au and 88.0 m at 1.06 g/t Au. More than 52,000 m has been drilled in 2026, with six of eight geotechnical holes complete ahead of a targeted 2027 PFS.
Drill resultsFreegold 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
Drilling at the Golden Summit project in Alaska returned 143.7 m grading 3.59 g/t Au from 758.0 m to the end of hole GS2638, including 3.0 m at 141.3 g/t Au from 779.0 m, while GS2630 cut 523 m at 0.75 g/t Au from 385 m and GS2623 returned 134.4 m at 1.12 g/t Au from 260 m. Six rigs are operating on infill, geotechnical and metallurgical work supporting an updated resource estimate for a targeted 2027 PFS.
Drill resultsFreegold Intersects 1.48 g/t Au over 176.8m including 3.09 g/t over 45.8 m as it advances Golden Summit Towards PFS
Drilling at the Golden Summit project in Alaska returned 176.8 m of 1.48 g/t Au from 389.2 m, including 45.8 m at 3.09 g/t Au, in hole GS2622 in the Dolphin Area, along with 70.8 m of 1.33 g/t Au in GS2617, 33.7 m of 1.59 g/t Au in GS2620, and 74.4 m of 1.20 g/t Au plus 2.2 m of 25.31 g/t Au in the Cleary Area. Six rigs are on site supporting an updated resource estimate and a 2027 pre-feasibility study.
Drill resultsFreegold Drills 2.08 g/t Au over 62.1 m within 102.3 m of 1.67 g/t Au in Infill Drilling at Golden Summit
Infill and exploration drilling at the Golden Summit Project in Alaska returned 2.08 g/t Au over 62.1 m from 371.9 m within 102.3 m of 1.67 g/t Au in hole GS2607 (Dolphin), 0.76 g/t Au over 405.4 m from 102.7 m in GS2610, 0.90 g/t Au over 113.7 m from 86.5 m in GS2608 (Cleary), and 1.02 g/t Au over 66.0 m from 644.0 m in GS2605 (WOW). Over 25,000 metres have been completed in 2026 with six rigs operating, supporting an updated resource estimate and a Pre-Feasibility Study planned for 2027. Metallurgical, hydrogeology, geotechnical and environmental studies are ongoing.
Drill resultsResults of the Annual General Meeting
Shareholders approved all matters set out in the May 26, 2026 Management Information Circular at Freegold Ventures' annual general meeting held June 26, 2026, with 86,999,687 shares voted, or about 15.06% of outstanding shares. Eight directors were elected — Kristina Walcott, Alvin Jackson, David Knight, Garnet Dawson, Glen Dickson, Reagan Glazier, Maurice Tagami and Vivienne Artz — with support ranging from 54.75% to 99.77%, and Davidson & Company LLP was appointed auditors. Ron Ewing did not stand for re-election and has retired from the board.
CorporateFreegold intersects 336.8 m grading 1.32 g/t Au starting from 26.5 m in Infill Drilling at Golden Summit
Drilling at the Golden Summit project in Alaska returned 336.8 m at 1.32 g/t Au from 26.5 m in hole GS2562 in the northern Dolphin area, including 3 m of 17.38 g/t Au, with the hole ending at 553.8 m in 3.9 m of 1.22 g/t Au. Hole GS2601 at Cleary cut 131.0 m at 1.48 g/t Au, including 3.1 m at 28.58 g/t Au, plus 3.1 m of 142.1 g/t Au at 630 m; GS2602 at WOW returned 85.9 m at 0.65 g/t Au. Six rigs are operating ahead of an updated resource estimate and a 2027 pre-feasibility study.
Drill resultsFreegold Drills 19.2 g/t Au over 24.7m and 33.7 g/t Au over 19.5m in Infill Drilling at Golden Summit
Drill results from the Golden Summit project in Alaska include 19.22 g/t Au over 24.7 m in GS2556 (including 115.85 g/t Au over 3.1 m), 33.71 g/t Au over 19.5 m in GS2558 (including 263.90 g/t Au over 2.4 m), 347.90 g/t Au over 1.4 m in GS2559, and 1.15 g/t Au over 167.7 m in GS2555 at Dolphin. Higher-grade corridors have been traced over more than 1.5 km along the Dolphin–Cleary–WOW trend, across widths of roughly 100–300 m. Six rigs are active, with about 50,000 m planned in 2026 ahead of an updated resource estimate and Pre-Feasibility Study.
Drill resultsFreegold Drills 1.43 g/t Au over 74.9 m at Golden Summit as 50,000 m 2026 Drill Program Accelerates Towards PFS
Drilling at the Golden Summit Project in Alaska returned 1.43 g/t Au over 74.9 m from 316.1 m in hole GS2548 in the Cleary area, including 23.38 g/t Au over 1.9 m, plus 2.29 g/t Au over 27.4 m. Dolphin hole GS2550 returned 1.35 g/t Au over 80.1 m from 409.7 m, and WOW hole GS2547 returned 1.06 g/t Au over 55.4 m and 1.14 g/t Au over 45 m. Six rigs are active in the roughly 50,000 m 2026 program supporting a Pre-Feasibility Study.
Drill resultsFreegold Advances Golden Summit Toward Pre-Feasibility and Expands Technical Leadership Team
A ~50,000 m drill program, mainly infill, is underway at the Golden Summit project in Alaska, with five rigs operating, a sixth to start next month, 11 holes completed and five in progress, supporting an upcoming Pre-Feasibility Study. Metallurgical test work continues, with recoveries exceeding 90% using BIOX®, POX and the Albion Process™, and GlassLock Process™ testing aimed at direct-to-smelter concentrate. Maureen Marks was appointed Vice President, Engineering and C. Paul Jago Exploration Manager.
Study resultsFreegold Drills 11.5 g/t Au over 29.5 m at Golden Summit within 216.4 m of 2.44 g/t Au
Drilling at the Golden Summit project in Alaska returned 216.4 m at 2.44 g/t Au from 255.1 m in hole GS2546, including 11.54 g/t Au over 29.5 m and 2.99 g/t Au over 31.1 m. In the Tamarack zone, GS2545 returned 24.12 g/t Au over 6.6 m and 1.69 g/t Au over 25.2 m, while GS2551 returned 19.01 g/t Au over 6.4 m. Five rigs are operating with a sixth mobilizing, and 16 holes remain pending assay.
Drill resultsFreegold Drills 2.94 g/t Au over 58.4m at Golden Summit
Results from six additional drill holes at the Golden Summit project in Alaska include, in the Dolphin area, 2.41 g/t Au over 18.9m and 1.46 g/t Au over 88.4m (GS2537), 1.70 g/t Au over 48.8m and 3.09 g/t Au over 40.8m (GS2542), and 2.94 g/t Au over 21.9m, 2.34 g/t Au over 23.4m and 2.94 g/t Au over 58.4m (GS2544); Cleary hole GS2539 returned 1.41 g/t Au over 45.6m and 2.02 g/t Au over 15.2m. Drilling concluded in mid-December with 63 holes completed, 19 still to be reported. Pilot-scale flotation testing is complete, with a concentrate produced from a 1,500 kg sample for further test work ahead of the pre-feasibility study.
Drill resultsFreegold Drills 1.54 g/t Au over 44m at Tamarack Drilling at Golden Summit
Results from eight additional drill holes at the Golden Summit project in Alaska include GS2540 in the new Tamarack area, 400 metres east of Cleary, which returned 1.54 g/t Au over 44 metres within 1.17 g/t Au over 111.9 metres, while GS2536 returned 1.28 g/t Au over 49.2 metres. In the Dolphin area, GS2533 intersected 0.74 g/t Au over 525 metres and GS2541 returned 1.78 g/t Au over 84.9 metres; WOW hole GS2516 cut 120.26 g/t Au over 3 metres at 803 metres depth. Drilling, which totalled 63 holes to mid-December, resumes later this month.
Drill resultsFreegold Provides an Update on its 2026 Plans
A 50,000-metre drill program will resume in February 2026 at the Golden Summit project in Alaska, targeting the central Dolphin/Cleary/WOW zones, the newly discovered Tamarack Zone and eastern soil anomalies, following 39,000 metres and 63 holes drilled in 2025. The 2026 work includes expanded metallurgical testing, an updated mineral resource estimate and a Pre-Feasibility Study targeted for completion by early 2027. Freegold completed a $50 million equity raise in January 2026. The July 2025 resource totals 17.2 Moz indicated at 1.24 g/t Au and 11.9 Moz inferred at 1.04 g/t Au.
CorporateFreegold Drills 1.28 g/t Au over 49.3m in New Tamarack Zone at Golden Summit and 0.91 g/t Au Over 150.9m at Cleary
Drill hole GS2536 at the newly identified Tamarack Zone, about 400 metres east of the Cleary Zone at the Golden Summit project in Alaska, returned 1.28 g/t gold over 49.2 metres, with assays pending for three further holes. Cleary Zone hole GS2532 intersected 0.91 g/t gold over 150.9 metres and 24.9 g/t over 6.1 metres. Drilling finished in mid-December with 62 holes completed, and an initial 50,000-metre program is planned to begin in February.
Drill resultsFreegold Ventures Limited Announces Closing of $50 Million Brokered Private Placement Financing
An upsized brokered private placement closed for gross proceeds of $49,999,950, with 38,461,500 common shares issued at $1.30 per share. Paradigm Capital Inc. acted as lead agent and sole bookrunner, with Stifel Nicolaus Canada Inc. in the syndicate; Eric Sprott, through 2176423 Ontario Ltd., bought 7,700,000 shares for $10,010,000, a related party transaction under MI 61-101. Proceeds will fund a Pre-Feasibility Study for the Golden Summit Project in Alaska, ongoing exploration and working capital. Final TSX approval is pending.
Financing
20255 releases
Freegold Ventures Limited Announces Upsized Brokered Private Placement Financing from $30 Million to Up to $50 Million
A previously announced brokered best efforts private placement has been upsized to up to 38,461,500 common shares at $1.30 per share for aggregate gross proceeds of up to $49,999,950, from $30,000,100 announced December 18, 2025. The agents' 15% option has been removed to stay within Listed Issuer Financing Exemption limits, with Paradigm Capital Inc. as lead agent and sole bookrunner earning a 5% cash commission. Proceeds will fund a Pre-Feasibility Study for the Golden Summit Project in Alaska, exploration and working capital, with closing expected on or about January 6, 2026.
FinancingFreegold Ventures Limited Announces $30 Million Brokered Private Placement Financing
A brokered best-efforts private placement for gross proceeds of $30,000,100 has been arranged, consisting of 23,077,000 common shares at $1.30 per share, with Paradigm Capital Inc. as lead agent and sole bookrunner. The agents receive an option for additional shares equal to 15% of the base offering and a 5% cash commission. Net proceeds will fund a Pre-Feasibility Study for the Golden Summit Project in Alaska, ongoing exploration and working capital. Closing is expected on or about January 6, 2026.
FinancingPositive Metallurgical Results from Initial Testwork with Dundee Sustainable Technologies
Testwork by Dundee Sustainable Technologies on a 1 kg sulphide concentrate sample from the Golden Summit Project near Fairbanks, Alaska, upgraded the gold grade 47% to 24.7 g/t Au with no measurable gold loss, cut arsenic from 7.34% to 0.17% (over 98% removal) and sulphide sulphur from 28.8% to 20.8%, producing a direct-to-smelter saleable concentrate. The arsenic-rich glass byproduct tested non-toxic under EPA Method 1311. Drilling resumes February 2026, with the Pre-Feasibility Study scheduled for completion in early 2027.
Study resultsFreegold Intersects 1.53 g/t Au over 191.3m in infill drilling at Golden Summit
Infill drilling at the Golden Summit project in Alaska returned 1.53 g/t Au over 191.3 m in hole GS2531 in the Dolphin Zone, 1.05 g/t Au over 120.7 m in GS2508 and 1.78 g/t Au over 61 m in GS2528 in the Cleary Zone. Of 62 holes drilled in 2025, assays for 29 have been reported; results will update the July 2025 resource of 17.2 Moz at 1.24 g/t indicated and 11.9 Moz at 1.04 g/t inferred, supporting a Pre-Feasibility Study due in early 2027. Metallurgical testing has achieved gold recoveries exceeding 90%.
Drill results