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Freegold Ventures Restricted ( TSX : FVL,OTC:FGOVF ) (OTCQX: FGOVF ) is happy to offer a mission replace. Drilling at Golden Summit is advancing steadily, with 5 drill rigs presently energetic on web site. The main focus for this yr has been directed at infill drilling to improve inferred sources to indicated standing—a vital step for the upcoming Pre-Feasibility Examine (PFS). As inferred sources can’t be included within the PFS, this work is essential for the mission’s development.
2025 PROGRAM
- Drilling is constant with 5 drill rigs
- Conversion of inferred sources into indicated & additional exploration drilling and geotechnical drilling.
- 37 holes (~24,000m accomplished up to now: 5 holes reported (~3030m)
- Ongoing metallurgical work, specializing in flowsheet optionality with sulphide oxidation, is a key a part of our technique to maximise the potential of the useful resource.
- Graduation of Pre-Feasibility Examine (PFS)
Focus can be on defining the boundaries of mineralization within the Dolphin/Cleary space, in addition to conducting additional exploration drilling and finishing important geotechnical drill holes.
Drilling Progress and Timeline
Up to now, a complete of 37 drill holes, amounting to ~24,000 meters, have been accomplished. Moreover, 5 extra drill holes are presently in progress. Assay outcomes are pending for a big variety of holes. Drilling actions are scheduled to proceed by mid-December, after which this system will pause for the winter and resume in February 2026 . The outcomes from the 2025 drilling shall be included right into a revised mineral useful resource estimate, which shall be utilized for the upcoming Pre-Feasibility Examine (PFS).
Useful resource Enhancement and Pre-Feasibility Examine Preparation
Along with efforts to improve the useful resource base by a mix of infill and geotechnical drilling, extra geochemical and metallurgical testing can be being undertaken. Preparatory work for the PFS additionally encompasses:
- Set up of vibrating wire piezometers (VWPs) in drill holes for groundwater monitoring
- Assortment of floor water samples
- Organising mammal and habitat surveys to determine baseline environmental knowledge
- Conducting cultural useful resource assessments, together with paleontological research, for evaluation by the State Historic Preservation Workplace (SHPO) and federal businesses, and growing mitigation plans as wanted
- Mapping of wetlands, with mitigation methods being formulated the place required
- Persevering with geological mapping and sampling to determine new exploration targets for future improvement
Metallurgical Check Work
Metallurgical testing is presently underway at BaseMet Labs in Kamloops, BC . A grasp composite pattern, weighing over 1,500 kilograms and derived from twelve drill holes, varieties the premise for this work. As a part of the PFS, a number of trade-off research are deliberate, together with a comparability of the added advantages of additional sulphide oxidation with a less complicated Gravity-CIL flowsheet.
Oxidation Course of Optimization
In the course of the present section of metallurgical testing, a sulphide focus is being produced to allow optimization of oxidation processes. Three commercially obtainable oxidation strategies, all of which have demonstrated effectiveness with Golden Summit supplies, are beneath analysis:
- Stress Oxidation (POX): Achieved over 92% whole gold restoration in testwork up to now.
- BIOX: Achieved over 91% whole gold restoration in testwork up to now.
- Albion Course of™: Achieved over 93% whole gold restoration in testwork up to now.
Stable residues ensuing from these oxidation processes have been subjected to environmental characterization and waste testing in accordance with EPA tips. The Toxicity Attribute Leaching Process (TCLP) was utilized to all residues, with leachate ranges for metals remaining under regulatory limits.
Flotation Check Outcomes and Environmental Evaluation
Flotation testing continues for the grasp composite. Preliminary locked-cycle checks have proven gold restoration charges exceeding 95%, using gravity and cleaner flotation with the sulphide focus accounting for lower than 5% of the full mass, thereby minimizing the amount that wants additional oxidation. These outcomes assist constructing a small pilot plant at BaseMet to supply a considerable quantity of focus for upcoming oxidation optimisation research. These research shall be ongoing over the subsequent a number of months.
Flotation tailings from this course of have additionally handed the EPA TCLP process 1311, with all leachate concentrations for metals falling under most allowable limits, confirming environmental compliance. Additional investigations are ongoing to grasp higher and characterize the environmental influence of all flowsheet merchandise and tailings.
Extra Challenge Info
Golden Summit presently hosts an Indicated Main Mineral Useful resource: 17.2 Moz at 1.24 g/t Au and an Inferred Main Mineral Useful resource: 11.9 Moz at 1.04 g/t Au, utilizing a 0.5 cut-off grade and a gold value of $2,490 .
A plan map detailing the areas of drill holes—each accomplished and in progress could be discovered right here:
https://freegoldventures.com/web site/property/information/6287/nr_2025_drilling_v2_20251003.png
The certified individual liable for the scientific and technical info on this replace is Alvin Jackson , P.Geo., Vice President of Exploration and Improvement for Freegold.
About Freegold Ventures Restricted
Freegold Ventures Restricted is a TSX-listed firm centered on mineral exploration in Alaska .
Warning Relating to Ahead-Trying Statements
This replace accommodates forward-looking statements, together with, however not restricted to, info relating to deliberate expenditures, exploration applications, potential mineralization and sources, exploration outcomes, the completion of an up to date NI 43-101 technical report, and different future plans. Such statements contain identified and unknown dangers, uncertainties, and different components which will trigger precise outcomes to vary materially from these expressed or implied. These components embody, however usually are not restricted to, the completion of deliberate expenditures, the flexibility to finish exploration applications on schedule, and the success of these applications. For a complete dialogue of danger components, consult with Freegold’s Annual Info Kind for the yr ended 2024-12-31, obtainable at www.sedar.com .
SOURCE Freegold Ventures Restricted
View authentic content material to obtain multimedia: http://www.newswire.ca/en/releases/archive/October2025/07/c8111.html
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