11:38 AM EST, 11/05/2025 (MT Newswires) -- Freegold Ventures ( FGOVF ) said Wednesday it intersected 3.63 g/t gold over 45.4 meters at the Golden Summit project in Alaska.

To date, the company has completed 49 drill holes, totaling 31,754 meters.

Freegold ( FGOVF ) said the current infill drill program continues to validate and refine the resource block model, with results showing strong agreement with the current model. As part of the lead up to the pre-feasibility study work is also continuing to define an initial starter pit, the company said.

Metallurgical test work is advancing, and further metallurgical processes are being evaluated to potentially increase overall gold recoveries.

The company's shares are up $0.04 to $1.13 on the Toronto Stock Exchange.

Price: 1.13, Change: +0.03, Percent Change: +3.21