US Freegold Intersects 143.7 Meters of High-Grade Gold Mineralization

en.Wedoany.com Reported - On August 26, Freegold released the latest batch of drilling results from the Golden Summit gold project in Alaska, USA. Drill hole GS2638 in the Dolphin zone returned a 143.7-meter mineralized interval from 758 meters downhole, averaging 3.59 g/t gold, including a 3-meter interval from 779 to 782 meters averaging 141.3 g/t gold, with visible gold observed. The hole reached a depth of 901.7 meters and ended still within the mineralized zone.

GS2638 also returned a 1.9-meter interval averaging 11.59 g/t gold at 119 meters, and a 3-meter interval averaging 7.92 g/t gold at 464 meters. The related mineralization occurs in quartz–arsenopyrite–pyrite veins and shear structures. Freegold stated that the deep mineralization in the Dolphin zone remains open, and subsequent drilling will continue to test the north-south extensions and depth continuity.

Adjacent drill hole GS2630 returned a 523-meter mineralized interval from 385 meters to the end of the hole, averaging 0.75 g/t gold, including a 9.2-meter interval averaging 10.14 g/t gold. Drill hole GS2623 in the northern part of the Dolphin zone returned a 134.4-meter mineralized interval from 260 meters, averaging 1.12 g/t gold, which includes a separate 3.1-meter interval averaging 9.58 g/t gold. All lengths are downhole intercepts; true thicknesses cannot be determined at this time as the geometry of the mineralized bodies has not yet been established.

The Golden Summit project currently has six drill rigs operating, with work scope including infill drilling, step-out drilling, metallurgical testing, and geotechnical drilling. Geotechnical work includes core logging, rock quality assessment, and sample strength testing; metallurgical testing will determine gold recovery rates, reagent consumption, energy requirements, and processing equipment parameters. The project has not yet finalized the processing flowsheet.

As of July 2025, Golden Summit's primary (sulfide) indicated mineral resources stand at 432 million tonnes averaging 1.24 g/t gold, containing 17.2 million ounces of gold; inferred resources stand at 358 million tonnes averaging 1.04 g/t gold, containing 11.9 million ounces of gold. The resource estimate was calculated using a 0.5 g/t cut-off grade and a gold price of $2,490 per ounce. Freegold plans to incorporate 2026 drilling data into an updated mineral resource estimate and to support a pre-feasibility study targeted for completion in 2027.