FREEGOLD TSX:FVL OTCQX: FGOVF Freegold Intersects 3.63 g/t Au over 45.4m at Golden Summit
FREEGOLD TSX:FVL OTCQX: FGOVF
Freegold Intersects 3.63 g/t Au over 45.4m at Golden Summit
Highlights:
GS2523 1.24 g/t A over 277.1 m
incl 3.63g/t Au over 45.4m
GS2509 1.16 g/t Au over 44.7m
GS2511 3.30 g/t Au over 18.3m
GS2514 1.44 g/t Au over 36.6m
The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of
mineralization
Vancouver, BC – November 5th, 2025 — Freegold Ventures Limited
(TSX: FVL, OTCQX: FGOVF) pleased to announce the results from four
additional drill holes at the Golden Summit project. To date, the
company has completed 49 drill holes, totaling approximately 31,754m.
A substantial number of assay results are still pending with results
expected to be reported as they are finalized.
Objectives of the 2025 Drill Program
2025 drill program has several objectives: to enhance and upgrade
existing resources, explore areas for expanding current mineralization,
and define the mineralized boundaries, primarily in the Dolphin and
Cleary Zones. These goals are being achieved through a combination of
exploration, geotechnical, and metallurgical test holes. There is still
significant exploration potential to the west and east of the known deposit.
The current infill drill program continues to validate and refine the resource block model, with results showing strong
agreement with the current model. As part of the lead up to the pre-feasibility study (“PFS”) work is also continuing to
define an initial starter pit.
Metallurgical test work is advancing, and further metallurgical processes are being evaluated to potentially increase
overall gold recoveries.
Dolphin Zone
Hole Depth Dip Azimuth From To Interval Au
Number (m) (m) (m) g/t
GS2523 759.6 -75 360 303.9 328.3 24.4 1.05
349.6 626.7 277.1 1.24
incl 581.3 626.7 45.4 3.63
The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization.
2025 PROGRAM
• Drilling Is expected to remain
ongoing until mid-December
• Conversion of inferred resources
into indicated & further
exploration drilling and
geotechnical drilling.
• 49 holes (31,754m) completed
• 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 TSX:FVL OTCQX: FGOVF
Freegold Intersects 3.63 g/t Au over 45.4m at Golden Summit
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GS2523
One of the southernmost holes drilled in the Dolphin Zone demonstrates the continuity and robust nature of the system,
clearly indicating the potential to expand further and increase the overall grade at Golden Summit, and it remains open
to the south and southwest. Furthermore, it is one of the broadest gold mineralized intervals within the intrusive seen to
date. Of particular significance is the intercept of 1.24 g/t gold over 277.1 meters, which includes a higher-grade zone
of 3.63 g/t Au over 45.4 meters, consisting of sheeted quartz veinlets and rare visible gold almost entirely within the
intrusive.
GS2523 - Typical sheeted veins system with tonalite:
GS2509, GS2511 and GS2514
GS2509, GS2511 and GS2514 were all drilled in the southern portion of the WOW Zone. All three holes intersected
significant zones of over 1.0 g/t Au mineralization, continuing to validate the WOW Zone’s potential to host higher-grade
mineralization. Mineralization in the WOW Zone remains open to depth and along strike to the west and southwest.
FREEGOLD TSX:FVL OTCQX: FGOVF
Freegold Intersects 3.63 g/t Au over 45.4m at Golden Summit
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Hole Depth Dip Azimuth From To Interval Au
Number (m) (m) (m) g/t
GS2509 785 -70 360 242.3 287 44.7 1.16
359 434 75 0.93
707 727.8 20.8 1.35
GS2511 725 -65 360 235.9 287 51.1 0.68
346.7 365 18.3 3.30
520.7 533 12.3 1.32
GS2514 743 -80 360 149 167 18 1.51
202.4 239 36.6 1.44
283.5 308 24.5 0.8
380 442.2 62.2 1.01
635 655.6 20.6 1.53
The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization.
Ongoing and Future Work
The 2025 program continues to make significant progress, with assay results from over 24,000 metres still to be
reported. Alongside the extensive drilling program, other work supporting the start of a Pre-Feasibility Study—including
cultural resource assessments, paleontology, groundwater analysis, and studies on mammals and habitats—remain in
progress.
Since 2020, the Golden Summit Project has become one of North America's largest undeveloped gold resources. The
significant increase in resource ounces and grade is the result of targeted drilling campaigns from 2020 to 2024 (over
130,000 meters), ongoing improvements to geological models, and a better understanding of mineralization controls.
Positive metallurgical test results have also advanced the project. Ongoing drilling has continued to delineate zones of
higher-grade mineralization and to convert previously considered waste areas into potentially economically viable
mineralized zones. Continued westward expansion has resulted in the discovery of new higher-grade zones, increasing
both indicated gold resources and grades.
Recovery rates exceeding 90% have been achieved using sulphide-oxidizing techniques, including BIOX®, POX, and the
Albion Process™. As of July 2025, the current Golden Summit resource includes 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,
FREEGOLD TSX:FVL OTCQX: FGOVF
Freegold Intersects 3.63 g/t Au over 45.4m at Golden Summit
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calculated using a 0.5 g/t cut-off grade and a gold price of $2,490. A significant number of assay results remain pending.
Drilling is expected to continue until mid-December and resume in February 2026. Results from the 2025 drilling
campaign provide the basis for an updated mineral resource estimate, which will support the upcoming Pre-Feasibility
Study (PFS).
Links to the Plan Map and Section 478950E & 478600E
https://freegoldventures.com/site/assets/files/6287/478600e_478950e_20251104_nr_ds.jpg
https://freegoldventures.com/site/assets/files/6287/e478950_nr_sc_assay.jpg
https://freegoldventures.com/site/assets/files/6287/e478600_nr_sc_assay.jpg
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 Fairbanks, Alaska or ALS’s facilities in Vancouver and
Thunder Bay. At MSALABS, the entire sample will be dried and crushed to 70% passing - 2mm (CRU-CPA). A ~500g riffle
split was analyzed for gold using CHRYSOS PhotonAssay ™ (CPA-Au1). From this, 250g w ill 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.
Core samples were delivered to ALS’s facility in Vancouver, Canada, where each sample was crushed to 70% passing a 2
mm (Tyler 9 mesh, U.S. Std. No. 10) screen. A representative ~500 g subsample was obtained by riffle splitting (SPL-32a)
and analyzed for gold using ALS method Au-PA01, which provides a detection range of 0.03 to 350 ppm, in Thunder Bay.
In addition, a subsample was analyzed for multi- element geochemistry using ALS method ME -ICP61 (34-element, four-
acid ICP-AES).
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.
For further information:
Kristina Walcott
President and CEO
Telephone: 1.604.662.7307
FREEGOLD TSX:FVL OTCQX: FGOVF
Freegold Intersects 3.63 g/t Au over 45.4m at Golden Summit
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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, 202 4, filed under Freegold’s profile at www.sedar.com, for a detailed discussion of the risk factors associated
with Freegold’s operations.