Freegold Drills 2.94 g/t Au over 58.4m at Golden Summit

The most recent news (March 10, 2026) reports drilling results from six additional holes at the Golden Summit project in Alaska. Key intercepts include 2.94 g/t Au over 58.4m and 3.09 g/t Au over 40.8m. These results are part of a massive 50,000-meter 2026 drill program. The company is currently operating two rigs, with a third arriving this week and three more planned for deployment within six weeks (total of 6 rigs). The primary focus is tightening drill spacing to upgrade resource categories and enhance the grade of the resource estimate prior to the Pre-Feasibility Study (PFS). Additionally, pilot-scale metallurgical testing has successfully produced a flotation concentrate.

The news is Routine - Positive. While the drill grades (2.94 g/t and 3.09 g/t) are significantly higher than the current Indicated resource grade (1.24 g/t), this is a follow-up to a well-established exploration thesis. - Resource De-risking: The results confirm the continuity of higher-grade "starter pit" mineralization, which is critical for the upcoming PFS. - Operational Acceleration: Moving from 2 to 6 rigs indicates the company is well-funded (following the $50M raise in Jan 2026) and aggressive in its timeline. - Metallurgical Progress: The successful production of a flotation concentrate is a necessary step for the PFS, though the "preferred oxidation process" (POX vs. BIOX vs. Albion) remains to be finalized. - Expectation Alignment: The results are in line with the 2026 plan outlined in January, showing consistent execution.

Freegold Ventures is focused on the Golden Summit Project near Fairbanks, Alaska. It is one of the largest undeveloped gold deposits in North America. - Flagship Project: Golden Summit. - Resource (July 2025): - Indicated: 17.2 Moz Au @ 1.24 g/t. - Inferred: 11.9 Moz Au @ 1.04 g/t. - Stage: Resource expansion and Pre-Feasibility Study (PFS).