FREEGOLD TSX:FVL OTCQX: FGOVF Freegold Drills 1.54 g/t Au over 44m at Tamarack Drilling at Golden Summit
FREEGOLD TSX:FVL OTCQX: FGOVF
Freegold Drills 1.54 g/t Au over 44m at Tamarack Drilling at Golden Summit
Highlights:
• Tamarack Continues to Shine with 1.54 g/t Au over 44m, highlighting new potential for Golden Summit
• Dolphin Area – broad zone of 0.74g/t Au over 525m and 1.78 g/t Au over 84.9m
• WOW Area: Multiple intercepts of higher grade -120 g/t Au over 3m
The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization
Vancouver, BC – February 18th, 2026, Freegold Ventures Limited (“Freegold”) (TSX: FVL, OTCQX: FGOVF)
is pleased to announce the results from eight additional drill holes at its Golden Summit project, which are
continuing to demonstrate ongoing exploration success and the project's substantial potential. Drilling is
scheduled to recommence later this month, with a focus on closer-spaced drilling to enhance grade control.
Additional metallurgical work remains ongoing to determine the optimal method for inclusion in the pre-
feasibility study (“PFS”).
2025/2026 Exploration Program Objectives
The current exploration program is designed to expand understanding of Golden Summit’s mineralized zones
and target both western and eastern extensions of the current resource area. Key goals include delineating
higher-grade corridors, reducing the strip ratio, determining the optimal cutoff grade to maximize project value,
and conducting strategic drilling in the WOW (2024), Dolphin, Cleary Hill, and the newly discovered Tamarack
areas. Later in the season, drilling to the east of the main resource zone is planned.
New Area – Tamarack
2025 Initial Tamarack Drilling
The Tamarack Area, located approximately 400 metres east of Cleary, marks a significant expansion of the
Golden Summit’s mineralized footprint. Four drill holes were completed to assess exploration potential further
to the east. Notably, hole GS2540 returned 1.32 g/t gold over 14.7 metres at a shallow depth, with deeper
mineralization of 1.54 g/t Au over 44 metres within a broader interval of 1.17 g/t Au over 111.9m, indicating
strong potential for expanding the eastern footprint of the project. Additional drilling is planned for 2026 in this
promising area.
Of the four holes drilled in Tamarack (GS2536, GS2540, GS2545, GS2551), GS2536 intersected 1.28 g/t gold
over 49.2 metres, and GS2540 showed several intervals of continuous gold mineralization in highly deformed
schist, with intense alteration and visible gold in some intervals. Results for GS2545 and GS2551 are pending.
Hole Depth (m) Dip (°) Azimuth
(°)
From (m) To (m) Interval
(m)
Au (g/t)
GS2540 623 -90 0 47.3 62.0 14.7 1.32
251.0 260.0 9.0 1.35
413.0 458.9 45.9 0.92
506.0 617.9 111.9 1.17
Incl 536.0 580.0 44.0 1.54
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Freegold 1.54 g/t Au over 44m at Tamarack Drilling at Golden Summit
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Dolphin Area
Hole GS2533, located on the western flank of central Dolphin, demonstrates strong mineralized continuity with
an intersection of 525 metres averaging 0.74 g/t Au, well above the resource cut-off grade. This provides
valuable infill data and is among the longest mineralized intercepts drilled at Golden Summit.
Hole Depth (m) Dip (°) Azimuth
(°)
From (m) To (m) Interval
(m)
Au (g/t)
GS2533 881 -85 360 144.8 179.0 34.2 0.84
251.0 776.0 525.0 0.74
Incl 472.4 475.5 3.1 21.7
Incl 494.0 534.8 40.8 1.43
Holes GS2535 and GS2541, drilled north of GS2533 by 50 and 200 metres, respectively, both returned notable
intervals, further supporting the area’s robust mineralization and continue to provide additional infill data,
further validating the current exploration model.
Hole Depth (m) Dip (°) Azimuth
(°)
From (m) To (m) Interval
(m)
Au (g/t)
GS2535 725.2 -50 360 280.3 301.9 21.6 0.98
346.7 365.0 18.3 1.04
399.0 413.0 14.0 0.72
502.5 538.3 35.8 1.05
563.0 582.9 19.9 0.99
603.6 635.0 72.0 0.74
Hole Depth (m) Dip (°) Azimuth
(°)
From (m) To (m) Interval
(m)
Au (g/t)
GS2541 751.2 -90 0 224.0 227.0 3.0 20.1
347.0 377.0 30.0 0.77
439.5 472.5 33.0 1.13
523.1 608 84.9 1.78
WOW Area
Fifteen holes were drilled in the WOW Area in 2025 to test the westward extension of the resource, particularly
focusing on areas closer to the surface with significantly higher-grade intersections. Drilling also targeted the
northern extent and depth, with results indicating strong potential at depth. Notably, GS2516 intersected 120 g/t
Au over 3 metres at 800 metres depth, while GS2529 confirmed broader zones of higher-grade material west of
historic veins. GS2530 explored the northwest portion, identifying mineralization at depth and revealing a shift
in mineralization trends from south- to north-dipping, aligning with the historic Newsboy Mine to the west. The
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Freegold 1.54 g/t Au over 44m at Tamarack Drilling at Golden Summit
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implications of this orientation change are still being evaluated. Exploration in 2026 will continue to further
evaluate the WOW Area, aiming to further delineate and infill higher-grade material near the surface.
Hole GS2516
Drilled at a -70-degree angle to the north in the western WOW Area, GS2516 aimed to reach the downdip
extension of higher-grade material. Multiple zones with grades above the cut-off were encountered, exhibiting
increased width and thickness at greater depths. This indicates that the Tolovana and Schuemeyer vein systems
likely continue westward and extend further to depth. Notably, a significant intercept of 120 g/t Au over 3.0
meters was recorded near the base of the hole at a depth of 803 meters.
Hole Depth (m) Dip (°) Azimuth
(°)
From (m) To (m) Interval
(m)
Au (g/t)
GS2516 812 -70 360 128.4 130.0 1.6 10.6
164.0 170.0 6.0 2.25
248.0 266.0 18.0 0.75
341.0 368.0 27.0 0.72
436.6 467 30.4 0.70
485.0 512.0 27.0 1.25
529.4 538.3 8.9 0.67
605.0 621.9 16.9 1.08
644.0 707.0 63.0 0.63
725.0 749.0 24.0 1.44
803.0 806.0 3.0 120.26
Hole GS2529
Hole GS2529, drilled vertically in the western WOW Area, aimed to test for broader zones of higher-grade
material extending westward from known veins. Results confirm the continuity of higher-grade mineralization
downdip and at depth.
Hole Depth (m) Dip (°) Azimuth
(°)
From (m) To (m) Interval
(m)
Au (g/t)
GS2529 830.4 -90 0 8.7 32.6 23.9 0.76
121.0 129.1 8.1 2.24
246.0 306.9 60.9 0.78
322.2 337.4 15.2 1.60
462.4 483.1 20.7 1.59
532.4 539.1 6.7 1.46
579.7 593.4 13.7 1.16
608.7 648.3 39.6 1.41
666.6 697.1 30.5 0.72
742.7 776.6 33.9 0.66
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Freegold 1.54 g/t Au over 44m at Tamarack Drilling at Golden Summit
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Hole GS2530
Drilled to test the extent of mineralization in the northern portion of the western side of WOW, GS2530
intercepted mineralization above the resource cut-off grade at approximately 536 metres. The mineralization in
may dip northward unlike the previous historically south dipping veins, as a result GS2530 may have stopped
short at 629m before entering the main zone. The broader implications of this shift in orientation are still being
assessed.
Hole Depth (m) Dip (°) Azimuth
(°)
From (m) To (m) Interval
(m)
Au (g/t)
GS2530 629 -90 0 212.4 229.5 17.1 1.28
408.8 411.9 3.1 16.70
575.0 622.3 47.3 0.70
Cleary Area
A hole drilled on the western edge of Cleary targeted a depth of 900 metres but terminated at 714.5 metres due
to drilling challenges. The aim was to test for the potential for Cleary to broaden at depth.
Hole Depth (m) Dip (°) Azimuth
(°)
From (m) To (m) Interval
(m)
Au (g/t)
GS2534 714.5 -80 360 156.6 160.6 4.0 4.86
185 205.7 20.7 1.01
425.5 614.8 189.3 0.60
incl 526.4 614.8 88.4 0.73
Plan Map and Section 478800E
https://freegoldventures.com/site/assets/files/6287/nr_2025_drilling_20260218_v2.pdf
https://freegoldventures.com/site/assets/files/6287/478800e.pdf
Analytical Program and QA/QC
Drilling concluded in mid-December with a total of 63 holes completed. Analytical work, including cutting and
sampling of the remaining drill holes, is ongoing, with further results to be reported upon validation. Since
2020, Golden Summit has grown into one of North America's largest undeveloped gold resources through
targeted drilling campaigns, model improvements, and enhanced understanding of mineralization controls.
Positive metallurgical results have advanced the project, with recovery rates exceeding 90% using sulphide-
oxidizing techniques, including BIOX®, POX, and the Albion Process™. The GlassLock Process™ has also
been tested, increasing gold grade in concentrate and reducing arsenic content for direct-to-smelter sales.
As of July 2025, Golden Summit resources include an Indicated Primary Mineral Resource of 17.2 million
ounces at 1.24 g/t Au and an Inferred Primary Mineral Resource of 11.9 million ounces at 1.04 g/t Au, using a
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Freegold 1.54 g/t Au over 44m at Tamarack Drilling at Golden Summit
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0.5 g/t cut-off grade and a gold price of $2,490. Ongoing cutting, sampling, and analytical work support an
updated mineral resource estimate, which will inform the upcoming Pre-Feasibility Study (PFS).
HQ core is logged, photographed, and cut in half for geochemical analysis at MSA Laboratories in Fairbanks or
ALS facilities in Vancouver and Thunder Bay. Samples are prepared, crushed, riffle split, and analyzed for gold
and multi-element geochemistry using certified quality systems. A QA/QC program includes insertion of
laboratory and field standards, with blanks checked regularly.
Qualified Person and Disclosure
Alvin Jackson, P.Geo., Vice President of Exploration and Development for Freegold, is the Qualified Person
responsible for the scientific and technical disclosure in this release.
About Freegold Ventures Limited
Freegold is a TSX-listed company focused on exploration activities in Alaska.
For further information, contact Kristina Walcott, President and CEO, at 1.604.662.7307 or
This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements")
within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fac t, are
forward-looking statements and are based on expectations, estimates and projections as at the date of this press release. Any statement
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historical fact and may be forward-looking statements. Forward-looking statements contained in this press release, include, without
limitation, statements regarding advancing the Golden Summit Project and other exploration plans and results of any drill programs,
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