Northwire Canada EditionThursday, November 12, 2026
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Resource Estimate

Freegold Provides an Update on its 2026 Plans

By The Northwire Desk — AI Analysis Jan 23, 2026 · 08:38 FVL · 1.68 Freegold Ventures Limited
FVL · Price

Executive Summary

  • Freegold announced a $50 million equity raise completed in January 2026, providing a strong treasury to fund 2026 activities.
  • Updated July 2025 mineral resource estimate shows Indicated resources of 17.2 Moz Au at 1.24 g/t (42% increase) and Inferred resources of 11.9 Moz Au at 1.04 g/t.
  • The company outlined a 50,000‑metre drilling program for early 2026 targeting the Dolphin/Cleary/WOW zones and the newly discovered Tamarack Zone, with a Pre‑Feasibility Study slated for completion by early 2027.

Key Details

  • Equity Financing: $50 M raised from >20 institutional investors, including continued support from Eric Sprott; strengthens balance sheet for 2026 exploration and development.
  • Resource Update (July 2025):
  • Indicated Primary Mineral Resource – 17.2 Moz Au at 1.24 g/t (42% ↑ ounces, 15% ↑ grade vs. Sep‑2024).
  • Inferred Primary Mineral Resource – 11.9 Moz Au at 1.04 g/t (11% ↑ ounces).
  • Cut‑off grade unchanged at 0.50 g/t Au.
  • 2025 Drilling Activity: >39,000 m completed; 63 holes drilled in mid‑December 2025, with analytical work ongoing.
  • 2026 Drilling Program (Feb 2026 start): Planned 50,000 m targeting central Dolphin/Cleary/WOW zones and Tamarack Zone; aims to define higher‑grade corridors and potential starter pit.
  • Metallurgical Testing:
  • Recoveries >90% achieved using BIOX®, POX, Albion Process™ and GlassLock Process™ on ~4% mass flotation concentrate.
  • Pilot plant processed >1.5 t composite material, producing gravity and cleaner flotation concentrates for further testing.
  • Development Strategy: Evaluation of staged development options to minimize initial capex; focus on higher‑grade corridors, strip‑ratio reduction, and optimal cut‑off grade.
  • Pre‑Feasibility Study (PFS): Targeted completion by early 2027; environmental baseline work, groundwater monitoring, and power infrastructure studies underway to support permitting.
  • Environmental & Social Initiatives: Baseline groundwater/wetland studies, cultural resource assessments, wildlife habitat monitoring, electrification of camp planned for early spring 2026.
  • Conference Appearances (Jan‑Mar 2026): AMEBC (Vancouver), BMO Global Metals Conference (Florida), PDAC (Toronto).

Notable Quotes

  • “With a strong treasury, Freegold is well‑positioned to advance the Golden Summit project in 2026 and will focus on several key initiatives…” – Kristina Walcott, President & CEO.
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

Freegold reports 102.8 metres at 3.10 g/t gold from cleary infill drilling, with no true width disclosed.

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