Freegold intersects 3.10 g/t Au over 102.8 m at Golden Summit

Canada NewsWire

VANCOUVER, BC , Sept. 16, 2026 /CNW/ -- Freegold Limited ("Freegold") (TSX: FVL) (OTCQX: FGOVF) reports additional results from its 2026 Golden Summit program in Alaska. With more than 52,000 metres drilled to date, the program continues to deliver higher-grade intersections while advancing the technical work required for a Preliminary Feasibility Study ("PFS").

Freegold's 2026 program is advancing exploration and project development at Golden Summit. Results continue to demonstrate a large, continuous volume of moderate- to higher-grade mineralization. Six of the eight planned geotechnical holes are complete, metallurgical testing is progressing, and the exploration camp is now connected to grid power. Together, these initiatives support resource growth, reduce technical risk, and move the project toward an updated Mineral Resource Estimate and comprehensive PFS evaluation.

The program is also advancing Freegold's understanding of mineralization controls, particularly within higher-grade zones. Tighter-spaced infill drilling is improving the geological model and defining a structural framework for targeting extensions beyond the Dolphin/Cleary area. Freegold's property extends over 13 kilometres, while the main resource is currently concentrated within 1.5 kilometres; applying the structural and geological insights identified around the resource across this sizeable, underexplored land package could unlock a pipeline of high-priority discovery targets and increase the potential to discover additional mineralized centres elsewhere at Golden Summit.

Current drilling is building the geological, geotechnical, and metallurgical foundation needed to identify the most compelling area and optimal starting point for PFS evaluation. This approach is expected to define a smaller, focused initial development scope wh