07:50 AM EST, 01/14/2025 (MT Newswires) -- Freegold Ventures ( FGOVF ) reported Tuesday additional results from its 2024 drilling program at the Golden Summit gold project in Alaska.

The company said drilling extended mineralization to the west and southwest. Highlights include 1.88 grams per tonne (g/t) gold over 54.2 meters and 1.58 g/t gold over 60 meters.

The results were from 41 holes completed spanning 25,708 meters.

Freegold ( FGOVF ) said the ongoing metallurgical test work is expected to take several additional months to complete, and the results will be used to optimize the flowsheet design.

Freegold's ( FGOVF ) share price fell 7% on Monday to $0.80 on the TSX.