Freegold Intersects 3.62 g/t Au over 42 metres and 1.23 g/t Au over 170.7 metres at Golden Summit

GS2421 Greater grade continuity intersecting certainly one of highest and broadest intercepts within the japanese part of the useful resource.

• 115.5 metres at 1.17 g/t Au beginning at 197.5 metres
• 42 metres at 3.62 g/t Au from 361 metres

GS2418 – A big broad zone of mineralization, together with a number of higher-than-resource grade intercepts, underscores the potential of the Fundamental Dolphin Zone .

• 23.7 metres at 3.06 g/t Au beginning at 95 metres
• 59.7 metres at 1.61 g/t Au beginning at 317 metres
• 51.8 metres at 1.56 g/t Au beginning at 407.8 metres

VANCOUVER, BC , Nov. 11, 2024 /CNW/ – Freegold Ventures Restricted (TSX: FVL) (OTCQX: FGOVF) (“Freegold” or the “Firm”) is happy to announce latest developments from its profitable drilling program in 2024, highlighting 4 particular holes that had been drilled to facilitate further metallurgical testing. These holes had been strategically designed to gather consultant materials from the deposit whereas enhancing infill drilling efforts. Roughly ~2,400 meters of ½ PQ core (~ 20 tonnes) have been shipped to BaseMet Labs in Kamloops, BC , the place a complete suite of metallurgical testing is at present underway and also will deal with attaining comminution traits over main lithologies and alteration at Golden Summit. Notably, take a look at work carried out earlier this 12 months confirmed a mean restoration of 77% utilizing gravity and CIL; nonetheless, flotation and oxidation are anticipated to extend recoveries to over 90%. This system will embody additional leach, gravity and CIL, and BIOX ^® , POX and Albion ^® take a look at work with further information from these 2024 drill holes to facilitate future trade-off research.  This testing is anticipated to take a number of months to finish.

Among the many accomplished take a look at holes, Gap GS2421 is within the Cleary Space on the east aspect of the useful resource footprint, whereas Gap GS2412 is west of Willow Creek on the west aspect of the useful resource footprint. The remaining two holes, GS2414 and GS2418, are within the north and south flanks of the principle Dolphin space.

Gap GS2421 crammed in a 200m hole and is without doubt one of the most steady higher-grade intercepts noticed within the japanese part of the useful resource space, returning 115.5 meters at 1.17 g/t Au, beginning at 197.5 meters and three.62 g/t Au over 42 meters from 361 metres .

^{The widths confer with drill gap intercepts; true width can’t be decided because of the unsure geometry of mineralization.}

In response to the constructive preliminary outcomes from Gap GS2421, a 3rd drill rig was added in late October. Gap GS2434 is being drilled 75 meters southwest of Gap GS2421, and one further gap is deliberate within the Cleary space earlier than the seasonal shutdown.

GS2418 – Southern portion of the Fundamental Dolphin Zone

GS2418 was drilled within the southern portion of the Fundamental (central) Dolphin Zone. It returned a number of huge and higher-grade intervals inside a broad intercept of mineralization (615.3 meters @ 0.8 g/t Au). Mineralization started inside 20m of floor, with the primary higher-grade interval of 23.7m at 3.06 g/t starting 95m downhole a nd 170.7 metres at 1.23 g/t from 288.9 metres. It’s anticipated that GS2418 will improve the useful resource grade in its neighborhood.

^{The width refers to drill gap intercepts; true width can’t be decided because of the unsure geometry of mineralization.}

GS2414 within the northern portion of the Dolphin Deposit is characterised by a number of occurrences of seen gold, all inside a quartz muscovite schist.  The holes once more intersected a number of higher-grade intercepts nearer to floor – 12 metres at 17.9 g/t from 101 metres and an additional 34.7 metres at 2.06 g/t from 183.3 metres .

^{The width refers to drill gap intercepts; true width can’t be decided because of the unsure geometry of mineralization.}

GS2412 – Instantly west of Willow Creek .  The outlet intersected quartz muscovite schist interbedded with carbonate schist, characterised by broad zones of upper than useful resource grade materials – together with 45 metres at 1.14 g/t Au.

^{The width refers to drill gap intercepts; true width can’t be decided because of the unsure geometry of mineralization}

The 2024 drill program is strategically targeted on the western extension to discover potential further growth and infill drilling in key areas in preparation for a pre-feasibility examine. The outcomes spotlight the presence of steady higher-grade mineralization within the useful resource space, emphasizing the necessity for additional infill drilling earlier than any financial assessments are made.  Assay outcomes display that infill drilling might probably improve the useful resource grade.

Drilling is anticipated to close down for the season by the tip of November and resume in early March. The outcomes of the 2024 drill program shall be integrated into an up to date mineral useful resource estimate as Freegold continues to maneuver the challenge in the direction of pre-feasibility.  Thirty-four holes have been accomplished, and three extra are in progress.

A plan map exhibiting the areas of the 4 metallurgical drill holes and cross-sections will be discovered right here.

https://freegoldventures.com/website/belongings/information/6387/goldensummit-dolphin-cleary_resource_drilling_western_anomaly_reportedholes_l479000-479500_november2024.pdf

https://freegoldventures.com/website/belongings/information/6387/section_479500e.pdf

https://freegoldventures.com/website/belongings/information/6387/section_479000e.pdf

Along with the continuing drill program, metallurgical, baseline environmental, cultural useful resource, and wetland research stay ongoing.

A pattern high quality management/high quality assurance program has been in place all through this system. Drill cores had been lower in half utilizing a diamond noticed, and one-half positioned in sealed baggage for preparation and subsequent geochemical evaluation by ALS Laboratories. Core samples had been ready in ALS’s facility utilizing the PREP-31BY package deal. Every core pattern is crushed to raised than 70 %, passing a 2 mm (Tyler 9 mesh, US Std. No.10) display. A break up of 1kg is taken and pulverized to raised than 85 % passing a 75-micron (Tyler 200 mesh, US Std. No. 200) display; a portion of this pulverized break up is digested by 4 Acid and analyzed through ICP-AES (technique code ME-ICP61). Fireplace Assay analyzes all samples with an AAS end, technique code Au-AA23 (30g pattern measurement) and over 10 g/t are routinely assayed utilizing a FA Grav technique, Au-GRAV21. Further Au screening is carried out utilizing ALS’s Au- SCR24 technique; choose samples are dry-screened to 100 microns. A replica 50g hearth assay is carried out on the tremendous fraction, and an assay is carried out on the complete oversize fraction. Whole Au content material, particular person assays, and weight fractions are reported. Analytical and assay procedures are carried out in ALS’s North Vancouver and Reno services.

A QA/QC program included laboratory and discipline requirements inserted each ten samples. Blanks are inserted at the beginning of the submittal, and not less than one clean each 25 requirements.

The Certified Individual for this launch is Alvin Jackson , P.Geo., Vice President of Exploration and Improvement for Freegold, who has accepted the scientific and technical disclosure on this information launch.

About Freegold Ventures Restricted
Freegold is a TSX-listed firm targeted on exploration in Alaska . It holds the Golden Summit Gold Challenge close to Fairbanks and the Shorty Creek Copper-Gold Challenge close to Livengood by way of leases.

Some statements on this information launch comprise forward-looking info, together with, with out limitation, statements as to deliberate expenditures and exploration applications, potential mineralization and assets, exploration outcomes, the completion of an up to date NI 43-101 technical report, and another future plans. These statements deal with future occasions and situations and, as such, contain recognized and unknown dangers, uncertainties, and different components which can trigger the precise outcomes, efficiency, or achievements to be materially completely different from any future outcomes, efficiency, or achievements expressed or implied by the statements. Such components embody, with out limitation, the completion of deliberate expenditures, the flexibility to finish exploration applications on schedule, and the success of exploration applications. See Freegold’s Annual Data Kind for the 12 months ended December thirty first, 2023 , filed underneath Freegold’s profile at www.sedar.com , for an in depth dialogue of the chance components related to Freegold’s operations. On January 30, 2020 , the World Well being Group declared the COVID-19 outbreak a worldwide well being emergency. Reactions to the unfold of COVID-19 proceed to result in, amongst different issues, vital restrictions on journey, enterprise closures, quarantines, and a basic discount in financial exercise. Whereas these results have been decreased in latest months, the continuation and re-introduction of serious restrictions, enterprise disruptions, and associated monetary affect, and the length of any such disruptions can’t be moderately estimated. The dangers to Freegold of such public well being crises additionally embody worker well being and security dangers and a slowdown or momentary suspension of operations in geographic areas impacted by an outbreak. Such public well being crises, in addition to international geopolitical crises, may end up in volatility and disruptions within the provide and demand for numerous services and products, international provide chains, and monetary markets, in addition to declining commerce and market sentiment and decreased mobility of individuals, all of which might have an effect on rates of interest, credit score rankings, credit score danger, and inflation. On account of the COVID-19 outbreak, Freegold has carried out a COVID administration program and established a full-service Camp at Golden Summit to try to mitigate dangers to its staff, contractors, and neighborhood. Whereas the extent to which COVID-19 could affect Freegold is unsure, it’s doable that COVID-19 could have a fabric antagonistic impact on Freegold’s enterprise, outcomes of operations, and monetary situation.

SOURCE Freegold Ventures Restricted

View authentic content material to obtain multimedia: http://www.newswire.ca/en/releases/archive/November2024/11/c3057.html