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Freegold Advances Golden Summit Toward Pre-Feasibility and Expands Technical Leadership Team

Newswire.ca - Mon Apr 13, 5:00AM CDT

Key Highlights

VANCOUVER, BC, April 13, 2026 /CNW/ - Freegold Ventures Limited ("Freegold") (TSX: FVL) (OTCQX: FGOVF) provides an update on ongoing value-creation activities at its Golden Summit project in Alaska, as the Company advances the asset towards a Pre-Feasibility Study (PFS). The 2026 drill program is well underway, with five drill rigs operating and one additional rig on site, scheduled to commence drilling next month. Eleven holes have been completed, and an additional five holes are currently in progress. The ~50,000 m campaign is primarily focused on infill drilling to strengthen grade control and enhance confidence in higher-grade corridors, such as the 2.94 g/t Au over 58.4 m intercepted in GS2544 (see FVL news release dated March 10th, 2026 and 11.54 g/t Au over 29.5 m and 2.99 g/t Au over 31.1m intercepted in GS2546 (See FVL news release dated April 1st, 2026), while parallel metallurgical test work continues to evaluate processing options and potential improvements to concentrate quality for inclusion in the PFS. Golden Summit is a large road-accessible gold project in Alaska that has been advanced through systematic drilling, ongoing model refinement, and metallurgical testing. Metallurgical work continues to support multiple potential development pathways, with recovery rates exceeding 90% using sulphide-oxidizing techniques, including BIOX®, POX, and the Albion Process™. The GlassLock Process™ has also been tested, demonstrating the potential to increase gold grade in concentrate and reduce arsenic content, which may enhance the attractiveness of direct-to-smelter concentrate sales.

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