Northwire Canada EditionThursday, November 12, 2026
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Gold 3,885.20 −2.9% Silver 50.08 −3.7% Copper 6.19 −1.6% Oil 88.62 +2.4% Palladium 991.75 −5.2% TDG 0.490 +0.0% PRU 6.07 −3.6% NGEX 21.27 −4.1% TWO 0.370 +0.0% BIG 1.01 +6.3% VCG 1.10 +0.0% SCD 0.145 +0.0% GAL 0.370 −0.7% SAG 0.620 −6.1% VIZ 0.195 +0.0% SAGA 0.375 −6.2% ZEN 0.530 −3.6% GDP 0.230 +0.0% PDN 8.41 +0.0% FL 0.350 −2.8% RIO 2.63 −1.5% Gold 3,885.20 −2.9% Silver 50.08 −3.7% Copper 6.19 −1.6% Oil 88.62 +2.4% Palladium 991.75 −5.2% TDG 0.490 +0.0% PRU 6.07 −3.6% NGEX 21.27 −4.1% TWO 0.370 +0.0% BIG 1.01 +6.3% VCG 1.10 +0.0% SCD 0.145 +0.0% GAL 0.370 −0.7% SAG 0.620 −6.1% VIZ 0.195 +0.0% SAGA 0.375 −6.2% ZEN 0.530 −3.6% GDP 0.230 +0.0% PDN 8.41 +0.0% FL 0.350 −2.8% RIO 2.63 −1.5%
Drill Results

Freegold 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

Massive Resource Expansion Underway as Freegold Secures $50 Million to Tackle Metallurgical Hurdles

By The Northwire Desk — AI Analysis Jan 15, 2026 · 08:13 FVL · 1.54 Freegold Ventures Limited
Executive Summary

The news release dated January 15, 2026, announces the discovery of a new mineralized zone, the "Tamarack Zone," located approximately 400 meters east of the existing Cleary Zone at the Golden Summit Project in Alaska. Drilling highlights include 1.28 g/t Au over 49.3m in the Tamarack Zone (Hole GS2536) and a significant broad intercept of 0.91 g/t Au over 150.9m in the Cleary Zone (Hole GS2532). The discovery extends the known mineralized footprint of the project. This follows the January 6, 2026, closing of a $50 million CAD financing, which was upsized due to demand.

Material Impact

The impact of this news is Material - Positive for the following reasons: - New Discovery: The Tamarack Zone discovery indicates that the 29.1 million ounce gold resource (Indicated and Inferred) is still growing. Finding a new zone 400m from the main deposit suggests the system is much larger than currently modeled. - Capital Strength: Closing a $50 million non-dilutive (in terms of warrants) financing at $1.30—significantly higher than 2024 financing levels—provides the company with one of the largest exploration "war chests" in the junior mining sector. - PFS De-risking: The company is moving toward a Pre-Feasibility Study (PFS) with a massive resource. The 2025 drilling program successfully completed 62 holes, which will be integrated into the upcoming resource update and engineering studies. - Metallurgical Validation: Historical news shows a jump in recovery expectations from 72% to over 90% using sulphide-oxidation methods. While more expensive, the grade and scale may now support the higher capital intensity of such a plant.

FVL · Price
Company Overview

Freegold Ventures is focused on the Golden Summit Project in the Fairbanks Mining District, Alaska. The project is an intrusion-related gold system. - Flagship Project: Golden Summit. - Current Resource (July 2025): 17.2 Moz Indicated (1.24 g/t Au) and 11.9 Moz Inferred (1.04 g/t Au). - Infrastructure: Excellent; located near the city of Fairbanks, paved roads, and grid power. - Stage: Advanced Exploration / Moving to PFS.

Read the original news release →

More from Freegold Ventures Limited

Oct 29, 2026 · 09:25

Cleary’s deep hit supports the 29-moz resource, positioning the project for a 2027 pre-feasibility study catalyst.

Drill Results Oct 15, 2026 · 07:45

Freegold’s in-line Dolphin infill hit resource grade without adding new ounces as the stock hit a 52-week low.

Drill Results Sep 16, 2026 · 07:30

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Drill Results Aug 26, 2026 · 07:00

Freegold 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

Drill Results Jul 21, 2026 · 09:39

Freegold’s Golden Summit project confirms bulk-tonnage continuity through long infill intercepts, despite market fatigue.

Drill Results Jul 02, 2026 · 08:06

Freegold infill drilling confirms grade continuity at the Golden Summit project, with the focus now shifting to the upcoming preliminary feasibility study economics.

Drill Results