11:51 AM EDT, 06/19/2025 (MT Newswires) -- (Updates shares.)

Freegold Ventures ( FGOVF ) on Thursday said its metallurgical test methods all showed that gold recovery rates for ores from its Golden Summit project in Alaska of above 90% can be achieved.

The company's ongoing metallurgical test work are focused on refining the flowsheet options for the pre-feasibility study, including testing and ongoing evaluation of sulfide-oxidizing methods such as BIOX(r), POX and the Albion Process.

A series of BIOX(r) amenability oxidation tests have been completed and overall gold recovery from gravity, rougher flotation, BIOX(r) treatment and CIL averaged 91% from this suite of test work.

Pressure oxidation (POX) treatment has also been completed and has yielded an average overall gold recovery of over 92% in a process flowsheet incorporating gravity, flotation, POX, and CIL.

Freegold ( FGOVF ) earlier reported 93% recovery using the Albion Process, with further test work ongoing.

Further work to enhance sulfide recoveries through oxidation as well as gravity, flotation and CIL recoveries is in progress.

Freegold ( FGOVF ) shares were last seen down $0.03 to $1.08 on the Toronto Stock Exchange

Price: 1.08, Change: -0.03, Percent Change: -2.70