Freegold drills 19.2 g/t Au over 24.7m and 33.7 g/t Au over 19.5m at Golden Summit

News provided by Freegold Ventures Limited May 20, 2026, 09:13 ET Share this article Share to X Share this article Share to X Freegold Reports High-Grade Gold Results and Expanding Corridor Continuity at Golden Summit VANCOUVER, BC , May 20, 2026 /CNW/ - Freegold Ventures Limited ("Freegold") (TSX: FVL ) (OTCQX: FGOVF) is pleased to report additional drill results from its Golden Summit Project in Alaska that continue to support the project's scale and the definition of higher-grade mineralized corridors. Recent drilling returned multiple high-grade intercepts across Cleary, Dolphin and WOW, while ongoing infill drilling is designed to increase confidence in the higher-grade domains expected to support the next mineral resource update and the upcoming Pre-Feasibility Study (PFS). Selected higher-grade results: recent intercepts include 35.73 g/t Au over 3.0 m in GS2553, 115.85 g/t Au over 3.1 m and 61.20 g/t Au over 1.9 m in GS2556, 33.71 g/t Au over 19.5 m including 263.90 g/t Au over 2.4 m in GS2558, and 347.90 g/t Au over 1.4 m in GS2559.

Broad mineralized intervals continue to support scale: GS2555 returned 1.15 g/t Au over 167.7 m . Corridor continuity; higher-grade corridors have now been traced for more than 1.5 km along the Dolphin–Cleary–WOW trend. Technical programs are advancing in parallel: six rigs are active, and metallurgical, geotechnical and condemnation work is progressing to support the PFS.

Additional upside remains under evaluation: Tamarack may extend the mineralized system by approximately 500 m to the east. The current 2025/2026 program, with approximately 40,000 m completed in 2025 and approximately 50,000 m planned for 2026, is focused on tightening drill spacing, refining the geological model and advancing the technical work required to support the next stage of project advancement. With six rigs active and multiple technical programs unde