Freegold's Alaska Drills Hit Wide Gold Intercepts as It Eyes a 2027 Starter-Pit Plan
Freegold reported eight more drill holes from its Golden Summit project, headlined by a 213-metre intercept grading 1.24 grams per tonne gold — as the company shifts toward defining a focused starter pit.
Freegold Limited is drilling deeper into one of North America's largest undeveloped gold resources, and the latest results suggest the Alaska project keeps getting more robust. The Vancouver-based company reported results from eight additional drill holes at its Golden Summit project on Thursday, as it works toward a pre-feasibility study targeted for 2027, according to a company release syndicated by Yahoo Finance.
The headline hole
The standout result came from hole GS2656 at the Dolphin zone, which returned 213 metres grading 1.24 grams of gold per tonne from 422 metres downhole — including a 21-metre stretch at 5.77 grams per tonne, and a 3-metre section that hit 32.7 grams per tonne, associated with quartz-arsenopyrite veins carrying visible gold, according to the company.
Other holes added breadth to the picture. GS2647 returned a 375-metre intercept at 0.73 grams per tonne, while GS2648 delivered near-surface mineralization — 18 metres at 2.47 grams per tonne from just 63 metres down — which the company says supports studies aimed at defining a starter pit. At the Cleary zone, holes GS2644 and GS2652 returned 3.35 grams per tonne over 3 metres and 2.1 grams per tonne over 9.1 metres respectively.
A pivot toward a starter pit
Rather than developing the entire deposit at once, Freegold is working on a focused starter-pit concept that would get production going sooner and potentially at lower cost. The company said it is evaluating the near-surface oxide material — roughly a million ounces — as early feed for the mine, and has drilled condemnation holes along the northern margin of the Dolphin zone to confirm the area is barren for potential infrastructure.
The project already hosts a substantial resource: a July 2025 estimate outlined 17.2 million ounces of indicated gold at 1.24 grams per tonne and 11.9 million inferred ounces at 1.04 grams per tonne.
Scale of the campaign
The 2026 drill program is the largest in the project's history — more than 58,000 metres drilled across over 100 holes, running into early December, with further assay results expected over the coming months, according to the release. Supporting work for the 2027 pre-feasibility study is also underway, including metallurgical test work, geotechnical drilling, a power-supply study, and environmental baseline programs. The exploration camp has been connected to grid power.
Freegold trades on the TSX under the ticker FVL and on the OTCQX as FGOVF. President and CEO Kristina Walcott leads the company, and Alvin Jackson, vice president of exploration and development, signed off on the technical content of the release as the qualified person.
Written by the BidAsk Newsroom. Based on reporting from the sources below.
