Freegold Ventures launches 2024 drilling program at Golden Summit

The company starts drilling at Golden Summit, focusing on higher-grade gold zones. Building on 2023 success, they aim to enhance resource grade.

This drilling campaign, which expanded to cover the western portion of the site, aims to systematically explore geochemical trends. The objective is to identify shallow mineralization zones and improve the overall grade of the mineral resource.

Mineralization found in drill programs from 2020 to 2023 shows higher-grade mineralization dipping towards the Dolphin intrusive in the south and bounded by significant faulting in the north. Deeper mineralization is found towards the south.

In 2023, drilling at Golden Summit revealed higher-grade mineralization on the western side of the existing resource at a shallower depth. In 2024, the plan is to continue drilling in the western part of the Dolphin/Cleary deposit and expand further westward. 

Three distinct geochemical trends have been identified: two south-southwest flanking trends and an east-west trend spanning 1.5 km. As Golden Summit lacks glacial coverage, surface geochemistry serves as a reliable indicator of near-surface gold mineralization. 

The 2024 drill program aims to explore these trends to identify higher-grade shallow mineralization, improving the overall resource grade before economic studies begin. As of February 2023, the primary mineral resource at Golden Summit, using a gold price of $1,792 and a cut-off grade of 0.45 g/t, comprises 12,011,000 oz @ 0.92 g/t Au (407,544,000t) indicated and 7,736,000 oz @ 0.85 g/t Au (282,303,000t) inferred.

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