Freegold Ventures Limited reported additional higher-grade mineralization at its Golden Summit Project. The two holes reported are from the northwest limits of the Dolphin Zone. Drilling is also targeting previously untested higher-grade zones, the Tolovana vein swarm west of Dolphin and the Saddle Zone, 4km to the east of Dolphin Cleary Zone.

While assays have yet to be received for these two target areas, visible gold occurrences have been noted in both zones. Drill holes GS2318 and GS2319 were drilled on section 478850E as part of a series of fences of holes aimed at demonstrating the continuity of the higher-grade mineralization as well as delineating the extent of the mineralization to the north and northwest. These fences of holes have already extended the mineralization approximately 400 metres north of the previous drilling on the Dolphin Cleary Zone.

Hole GS2319 continued to demonstrate the continuity of a higher-grade core northwest of the February 2023 resource, including a 1.05 g/t Au over 164.3 metres beginning 425 metres downhole, above the average resource grade of 0.92 g/t Au. The fence of holes shown in the cross section 478850E includes GS2319 and is expected to expand the existing resource. Drilling indicates that a marble unit and significant faulting truncates the mineralization to the north in the Dolphin Zone.

Assay results remain pending for holes GS2320 to GS2328. Drilling is currently targeting the Tolovana Vein Swarm in the western portion of the Dolphin area. Hole GS2336, currently in progress, is a 30 metre step out to the south of GS2335, aimed at undercutting the mineralization seen in GS2335 where multiple occurrences of visible gold were observed.

Holes GS2331 - GS2336 were drilled west of Willow Creek with the intention of expanding the higher-grade mineralization to the west. These holes are reconnaissance in nature and are intended to provide a better understanding of the controls of mineralization in the densely veined Saddle Zone. Based on visual inspections it is apparent that additional drilling is warranted in the Saddle Zone with visible gold noted in hole SZ2307.

Since March 2023, the Company has completed 35 diamond drill holes in the Dolphin Cleary Area and 7 holes in the Saddle Zone. Assay results for 19 holes have now been reported. The current drill program is designed to test the boundaries, expand and infill the current mineral resource estimate (February 2023) which includes an indicated resource of 12.01 million ounces at 0.92 g/t (407,544,000 tonnes) and an inferred resource of 7.7 million ounces at 0.85 g/t (282,303,000 tonnes) using a 0.45 g/t Au cut off and a $1,792 gold price.

A sample quality control/quality assurance program ("QAQC") has been in place throughout the program. Drill cores were cut in half using a diamond saw, with one-half placed in sealed bags for preparation and subsequent geochemical analysis by ALS Global. Sample preparation has been conducted at the ALS facilities in Vancouver, Whitehorse and/or Reno, with subsequent analysis conducted primarily using its Vancouver and Reno laboratories.

Core samples were prepared using the PREP-31 package in ALS's facility. Each core sample is crushed to better than 70 % passing a 2 mm (Tyler, and a $1,7m (Tyler) and a $1,7.