Freegold Ventures Ltd. Reports High-Grade Gold Discoveries at Golden Summit Project
- Freegold Ventures Ltd. confirms high-grade gold mineralization at Golden Summit, with notable drill results from Dolphin and Cleary Zones.
- Recent drill hole GS2421 shows 115.5 meters at 1.17 g/t Au, indicating significant potential for higher-grade gold deposits.
- The company is progressing towards a Pre-Feasibility Study, aiming to convert inferred resources and optimize gold recovery methods.
Freegold Ventures Ltd. Confirms High-Grade Mineralization at Golden Summit
Freegold Ventures Ltd. announces exciting developments in its 2024 drilling program at the Golden Summit project, solidifying the potential for high-grade gold resources in both the Dolphin and Cleary Zones. Recent drill results, made public on May 8, 2025, reveal substantial mineralization, with particularly noteworthy findings from hole GS2421 in the Cleary Zone. This hole delivers a continuous intercept of 115.5 meters at an average grade of 1.17 grams per tonne (g/t) Au, which includes a remarkable peak of 3.62 g/t Au over 42 meters. Such results not only highlight the prospectivity of the area but also suggest that the Golden Summit project may contain more substantial, higher-grade gold deposits than previously estimated.
Further drilling in the Dolphin Zone confirms the continuity of mineralization, with hole GS2432 demonstrating a significant intercept of 0.9 g/t Au over 428.5 meters, which peaks at an impressive 6.82 g/t Au over 18.2 meters. This infill drilling is crucial for validating resource estimates and enhancing the project’s overall economic viability. The results indicate that Freegold is successfully advancing its understanding of the geological structure within the Golden Summit, which is vital for strategic planning and future resource development.
In addition to these promising drilling outcomes, Freegold Ventures is laying the groundwork for a Pre-Feasibility Study (PFS) through its comprehensive 2025 drilling program. This initiative is focused on converting inferred resources into indicated resources, thereby strengthening the potential for future mining operations. The company's metallurgical drilling aims to optimize gold recovery using a variety of oxidation methods, such as BIOX®, POX, and the Albion Process™, which are essential for enhancing the efficiency and profitability of the project. An updated mineral resource estimate is anticipated by the end of Q2 2025, which will further highlight the project's intrinsic value and support Freegold's long-term strategic goals.
Beyond the new drill results, Freegold Ventures demonstrates a firm commitment to advancing its exploration efforts and refining its resource estimates. These ongoing initiatives not only enhance the potential for significant gold recovery but also position the company favorably within the competitive landscape of gold exploration and mining. With a focus on maximizing resource recovery and ensuring sustainable practices, Freegold Ventures is poised to make a substantial impact in the gold sector.