Golden Summit Drilling Of 54 Holes Has Been Completed

VANCOUVER – Freegold Ventures Limited reported on additional drill holes at the Golden Summit project which further demonstrate the project’s resource potential. To date, the company has completed 54 drill holes, and the drilling of 36,231m including ongoing holes. A substantial number of assay results are still pending with results expected to be reported as they are finalized.
The 2025 drill program aims to upgrade resources, expand mineralization, and define boundaries in the Dolphin and Cleary Zones. This involves exploration, geotechnical, and metallurgical test holes. Significant exploration potential remains both to the west and east of the current deposit.
GS2510 had a planned depth of 600m but reached only 492.9m due to difficult drilling conditions. In the target zone, the hole intersected 1.49g/t Au over 32.5m at a depth of 425.8m. GS2513 and GS2521 were both infill holes and part of the 10-hole groundwater investigation program conducted to measure the hydraulic properties of lithologies within the potential proposed pit volume (i.e., schist, granodiorite, and tonalite) through packer testing. The results will provide hydraulic conductivities to inform the conceptual hydrogeologic model and help estimate dewatering needs. Vibrating Wire Piezometers (VWPs) were installed in these 8 of these holes to measure groundwater levels within the potential pit area, including vertical and horizontal gradients, to identify potential fault-block compartmentalization, and to monitor long-term groundwater levels. VWP depths were chosen to target various schist units, granodiorite, and tonalite in each hole.
GS2513 intersected higher-grade mineralization closer to surface, with 1.43g/t Au over 24.3m from 35.7m. It was also planned for a depth of 600m but was terminated at 448m due to difficult conditions. GS2521 intersected 1.7g/t Au over 70.1m at 259m and an additional 1.29g/t Au at 535.5m; however, the hole was lost in the mineralized zone before reaching the planned depth of 700m.
GS2518 was drilled to a depth of 656.2m, but was initially planned to 700m. The hole was lost due to difficult ground conditions, but it still demonstrates the continuity of mineralization. GS2518 was also a hydrological hole. G2526 intersected several zones, with a higher-grade zone closer to the surface of 1.26 g/t Au over 16.4m from a depth of 37.5m, and a broad zone of 0.90 g/t Au over 182.9m from 386.2m. GS2526 lies within the projected potential starter pit area. These results suggest strong mineralization near the surface, which could enhance the economic viability of the starter pit area and support further exploration efforts.
GS2519, GS2522 and GS2525 were all drilled within the WOW Zone. All three holes intersected significant zones of over 1.0 g/t Au mineralization, continuing to validate the WOW Zone’s potential to host higher-grade mineralization. GS2519 one of the most western holes drilled in the WOW zone and returned 1.08g/t Au over 110.7m from a depth of 365m.  The hole encountered several other zones over 1.0 g/t Au at depth, including 1.65g/t Au over 54m from 404m, and a further 1.44 g/t Au over 18m from 617m. These intercepts indicate strong mineralization potential to depth and continue to support our ongoing resource model.  GS2522 intersected 1.44 g/t Au over 22.5m from 4.5m, and several other narrower zones of plus 1 g/t Au, again demonstrating the potential of this exciting zone. GS2525 (section 478600), demonstrates the potential to expand the current mineralized envelope with infill drilling. Mineralization in the WOW Zone remains open to depth and along strike to the west and southwest.