Freegold intercepts 336.8 m grading 1.32 g/t Au from 26.5 m at Golden Summit

Canada NewsWire Freegold continues to demonstrate continuity at Golden Summit VANCOUVER, BC , June 17, 2026 /CNW/ - Freegold Ventures Limited ("Freegold") (TSX: FVL) (OTCQX: FGOVF) is pleased to report additional drill results from its Golden Summit Project in Alaska, where drilling is ongoing. With six rigs currently operating, the 2026 program is designed to advance Golden Summit towards an updated mineral resource estimate and the 2027 Pre-Feasibility Study (PFS). The principal objective is to increase confidence in the known resource—particularly in the higher-grade areas—and to collect the technical information needed to determine which portion of the resource could support an initial starter pit, rather than simply expanding the overall deposit footprint.

The PFS is expected to evaluate a smaller, technically supported portion of the Golden Summit resource, rather than the entire resource. Current drilling and technical work are; therefore, focused on five key objectives: confirming grade continuity, improving geological confidence, evaluating metallurgical performance, supporting pit design and defining water-management requirements. Metallurgical testing continues to evaluate processing alternatives and to select the preferred process flowsheet for the PFS, which has not yet been finalized.

Additional metallurgical holes are being selected based on results from 2025 and 2026 drilling, so that test work focuses on the areas most relevant to a potential starter pit. In parallel, Freegold is advancing the engineering, hydrogeology and environmental baseline studies required for a well-defined PFS. Tetra Tech Canada Inc. has been retained to complete a staged geotechnical program for pit-slope design, including field investigations, geotechnical logging, laboratory testing, rock mass characterization, and engineering analysis.

This work wil