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December 4, 2025

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Freegold Intersects 1.53 g/t Au over 191.3m in infill drilling at Golden Summit

Investing 9 Mins Read

Highlight Drill Results:

GS2508

1.05 g/t Au over 120.7 m in the Cleary Zone

GS2528

1.78 g/t Au over 61 m in the Cleary Zone

GS2531

1.53 g/t Au over 191.3 m in the Dolphin Zone

Note: The reported widths refer to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization.

VANCOUVER, BC, Dec. 4, 2025 /CNW/ – Freegold Ventures Limited (TSX: FVL,OTC:FGOVF) (OTCQX: FGOVF) announces results from six additional drill holes at the Golden Summit project. In 2025, a total of 62 holes were drilled, with assay results for 29 holes reported to date. Reporting assay results will continue in the coming months. The results from the 2025 and first half of 2026 drilling programs will be used to update the mineral resource estimate (MRE) published in July 2025, which reported 17.2 million ounces at 1.24 g/t Au indicated and 11.9 million ounces at 1.04 g/t Au inferred. The updated MRE and subsequent drilling in 2026 will serve as the basis for the Pre-Feasibility Study (PFS), scheduled for completion in early 2027. In addition to the extensive drill program, a range of other activities supporting the PFS are in progress. These include cultural resource assessments, paleontology, groundwater studies, power supply analysis, mammal habitat evaluations, and continuing metallurgical test work.

2025 Program Overview
The 2025 drilling program has been highly successful, focusing on the Cleary, Dolphin, and WOW zones. Efforts have centered on infill drilling to support the PFS, refining both geological and resource models, and developing a conceptual higher-grade starter pit targeting 5-10 million ounces to enhance the project’s early economic potential. Mineralization remains open both to the east and west of the current deposit.

Kristina Walcott, President and CEO of Freegold, commented, ‘The potential scale of this deposit is truly amazing. Our current exploration efforts focused on defining an area to host an attractive potential starter pit, as we continue to move the project forward through PFS’.  Further infill drilling in early 2026 is expected to refine this area further.

Metallurgical Test Work
Metallurgical testing continues to evaluate the most viable process flowsheets for Golden Summit material. Gold recovery rates exceeding 90% have been achieved using a flowsheet that includes gravity concentration, flotation to produce a cleaner concentrate, and subsequent treatment with sulphide-oxidizing techniques such as BIOX®, POX, and the Albion Process, producing feed for carbon-in-leach (CIL) for additional gold recovery.  Simple gravity and CIL are also being evaluated. This testwork is crucial to maximize the resource’s potential and will underpin the many trade-off scenarios to be evaluated during the Pre-Feasibility stage.

Current Drilling Status
Five drill rigs are currently completing the final holes of the season. Drilling will gradually wind down for a seasonal break and resume in February 2026.

Dolphin Zone: Higher-Grade Potential
Recent drilling in the Dolphin zone confirms strong, continuous mineralization, with broad intercepts of higher grades. The near-surface intercept in GS2531 indicates promising potential for higher grades, supporting the concept of a potential higher-grade starter area.

At depth, hole GS2531 shows excellent correlation with the current model, with an intercept of 1.53 g/t Au over 191.3m within the modelled higher-grade schist domain. This corridor remains open to the southwest and extends into the intrusive domain at depth. Hole GS2542, drilled 200 m south of GS2531, aims to extend the zone downdip, with assays pending.  Several other holes are planned for this potential higher-grade domain in 2026, as it may serve as the economic keel for a potential starter pit.

Hole

Depth (m)

Dip (°)

Azimuth (°)

From (m)

To (m)

Interval (m)

Au (g/t)

GS2515

602.5

-80

360

84.4

99.7

15.3

3.00

142.3

147.5

5.2

0.81

175.3

181.7

6.4

13.53

227.9

232.8

4.9

3.06

303.9

313.0

9.1

1.71

396.2

416.6

20.4

0.79

GS2531

703.2

-90

360

35.6

38.7

3.1

9.33

53.9

62.7

8.8

2.05

81.4

83.8

2.4

9.51

102.4

143.5

41.1

1.06

330.3

361.5

31.2

0.87

386.2

577.5

191.3

1.53

Note: The reported widths refer to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization.

GS2515, drilled in the northern Dolphin Zone, intersected higher-grade mineralization with 3.0 g/t Au over 15.3m from 84.4 m, 13.53 g/t over 6.4m from 175.3m, and 3.06 g/t Au over 4.9m from 227.9 m. Like GS2531, located 250m to the south, GS2515’s higher-grade, closer-to-surface intercepts provide further encouragement for the development of a potential starter pit. Planned shallow infill drilling in 2026 will further target these areas.

Cleary Zone: Drilling Results Continuing to demonstrate strong correlation with resource model
Infill drilling within the Cleary Zone continues to demonstrate a strong correlation with the current resource model. Hole GS2508 returned 1.05 g/t Au over 120.7m, while hole GS2528 encountered four intervals with higher grades and widths, notably 1.6 g/t Au over 57.9m and 1.78 g/t Au over 61m, as well as two narrower, higher-grade sections. Hole GS2517, designated for hydrological investigation targeted the potential higher-grade downdip extent, was abandoned due to challenging ground conditions and complications arising from the attempted installation of a vibrating Wire Piezometer (VWP). VPWs are being installed to monitor groundwater levels throughout the prospective pit area, capturing both vertical and horizontal gradients to inform analyses of possible fault-block compartmentalization and support ongoing groundwater monitoring efforts. Eight installations were completed during 2025. A follow-up vertical hole, GS2549, was drilled from the same collar as GS2517 to access the target zone; assay results are pending.

Hole

Depth (m)

Dip (°)

Azimuth (°)

From (m)

To (m)

Interval (m)

Au (g/t)

GS2508

502

-75

360

224.6

345.3

120.7

1.05

364.8

373.7

8.9

0.91

GS2517*

593.4

-75

360

477.6

546.5

68.9

0.64

GS2524

413.3

-90

0

17.4

23.5

6.1

1.34

141.7

148.4

6.7

1.12

203.3

209.4

6.1

3.36

GS2528

721.2

-90

0

86.0

102.7

16.7

0.98

325.2

328.3

3.1

35.09

416.7

474.6

57.9

1.60

514.2

544.1

29.9

0.70

559.9

620.9

61.0

1.78

670.6

672.7

2.1

35.65

Note: The reported widths refer to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization. *Hole GS2517 was drilled for both infill and hydrogeological purposes.

Metallurgical Update: Environmental Characterization – Non-Acid-Generating Tailings
Recent metallurgical work results have also shown more positive developments. Tailings from the locked-cycle flotation tests were analyzed for environmental characterization, including Acid Base Accounting (ABA) and Toxicity Characteristic Leaching Procedures (TCLP). Tailings from the flotation-based flowsheet have been classified as low risk for acid generation due to the removal of sulphur and the presence of significant amounts of calcium carbonate. Gravity tailings from the CIL leach scenario also showed arsenic levels below acceptable limits. More specifically, results showed the Neutralization Potential to Acid Generating Potential ratio (NPR) of the flotation tailings was significantly above what is typically classified as non-acid generating.

About Golden Summit
Since 2020, the Golden Summit project has emerged as one of North America’s largest undeveloped gold resources. The increase in resource ounces and grade is attributed to targeted drilling campaigns (over 130,000 metres from 2020 to 2024), improvements to geological models, and a better understanding of mineralization controls. Positive metallurgical test results have further advanced the project. Ongoing drilling continues to delineate zones of higher-grade mineralization, converting previously considered waste areas into potentially economically viable zones.  Continued westward expansion has led to the discovery of new, higher-grade zones.

As of July 2025, the Golden Summit resource includes an Indicated Primary Mineral Resource of 17.2 million ounces at 1.24 g/t Au and an Inferred Primary Mineral Resource of 11.9 million ounces at 1.04 g/t Au, calculated using a 0.5 g/t cut-off grade and a three-year trailing average gold price of $2,490.

Drilling will continue into 2026, with upcoming results expected to support an updated resource estimate. A significant number of assay results remain pending.

Links to the Plan Map and Section 470505E

https://freegoldventures.com/site/assets/files/6287/nr-2025-drilling-20251204.jpeg

https://freegoldventures.com/site/assets/files/6287/e479050_section_04122025.pdf

QA/QC
HQ Core is logged, photographed and cut in half using a diamond saw. One half is placed in sealed bags for preparation and subsequent geochemical analysis by MSA Laboratories in Fairbanks, Alaska or ALS’s facilities in Vancouver and Thunder Bay.  At MSALABS, the entire sample will be dried and crushed to 70% passing -2mm (CRU-CPA). A ~500g riffle split was analyzed for gold using CHRYSOS PhotonAssay (CPA-Au1). From this, 250g will be further riffle-split from the original PhotonAssay sample, pulverized, and a 0.25g sub-sample analyzed for multi-element geochemistry using MSA’s IMS230 package, which includes 4-acid digestion and ICP-MS finish. MSALABS operates under ISO/IEC 17025- and ISO 9001-certified quality systems.

Core samples were delivered to ALS’s facility in Vancouver, Canada, where each sample was crushed to 70% passing a 2 mm (Tyler 9 mesh, U.S. Std. No. 10) screen.  A representative ~500 g subsample was obtained by riffle splitting (SPL-32a) and analyzed for gold using the ALS method Au-PA01 (Photon Assay), which provides a detection range of 0.03 to 350 ppm, in Thunder Bay.

In addition, a subsample was analyzed for multi-element geochemistry using the ALS method ME-ICP61 (34-element, four-acid ICP-AES).

A QA/QC program includes laboratory and field standards inserted in every ten samples. Blanks are inserted at the start of the submittal, and at least one blank every 25 standards.

The Qualified Person for this release is Alvin Jackson, P.Geo., Vice President of Exploration and Development for Freegold, who has approved the scientific and technical disclosure in this news release.

About Freegold Ventures Limited
Freegold is a TSX-listed company focused on exploration in Alaska.

Some statements in this news release contain forward-looking information, including, without limitation, statements as to planned expenditures and exploration programs, potential mineralization and resources, exploration results, the completion of an updated NI 43-101 technical report, and any other future plans. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programs on schedule, and the success of exploration programs. See Freegold’s Annual Information Form for the year ended December 31st, 2024, filed under Freegold’s profile at www.sedar.com, for a detailed discussion of the risk factors associated with Freegold’s operations.

SOURCE Freegold Ventures Limited

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2025/04/c4300.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

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As Trump’s standoff with Maduro deepens, experts warn the next move may force a showdown

Politics 9 Mins Read

Absent direct military action, President Donald Trump is running low on options amid his standoff with Venezuelan President Nicolás Maduro, according to experts.

Strikes near Venezuelan waters aimed at drug traffickers, sanctions and a $50 million bounty have so far been unsuccessful in forcing Maduro, whom the U.S. has designated as a leader of the Tren de Aragua drug cartel, to step down from power.

After repeated threats, adversaries may now view a lack of direct military action as a sign of weakness from the U.S. But Maduro is in an equally difficult position — his own military capabilities are dwarfed in comparison to Trump’s, and experts say China and Russia lack the will to directly challenge the U.S. in its own hemisphere.

Meanwhile, the clock is ticking: Trump’s unprecedented military buildup in the Caribbean — including sending the world’s largest aircraft carrier to the region — is taking away resources from other theaters.

Katherine Thompson, a senior fellow in defense and foreign policy studies at the libertarian think tank the Cato Institute, said that there are very few tools left at Trump’s disposal to oust Maduro, aside from a targeted strike against the Venezuelan leader or a land invasion. 

While the White House has not directly said that it is seeking regime change, recent media reports indicate that Trump and Maduro have spoken about the Venezuelan leader departing his post.

Thompson noted that previous efforts to squeeze out Maduro, including imposing sanctions on Venezuela and backing opposition leader Juan Guaidó during Trump’s first term, have proven unsuccessful. 

‘It does not seem like there is — outside of the military option — anything new on the table that hasn’t really been tried,’ Thompson said.

Even so, Thompson cast doubt on whether military action would prove successful. 

‘If the offer on the table from the Trump administration is we’re going to potentially execute an invasion unless you talk to us, perhaps that’s a strong enough diplomatic, strategic move that gets Maduro to capitulate,’ Thompson said. ‘But it just doesn’t seem like we’re picking up that many signals from the Maduro regime that that is going to be palatable.’ 

Meanwhile, Thompson said that adversaries like Russia and China are probably confused about why the Trump administration has fixated on the Maduro regime, which doesn’t jeopardize U.S. interests as much as other actors, when the Trump administration has adopted an ‘American First’ mantra. 

‘I imagine for them, it’s probably a bit puzzling, if they’re looking at it through a real, brass tacks, realist lens, why this administration would be prioritizing ousting the Maduro regime, as opposed to conflicts in other theaters,’ Thompson said.

As a result, the Trump administration’s actions focusing on Venezuela likely leave a bit of ‘befuddlement’ on the part of Russia and China about how serious the U.S. is about putting American interests first, Thompson said.

She added that China may be wondering if the U.S. diverting resources, such as directing the aircraft carrier USS Gerald R. Ford to the Caribbean, could provide an opportunity for it to invade Taiwan if the U.S. is tied up with operations in Venezuela. Multiple U.S. officials have said they believe China will be capable of invading Taiwan by 2027. 

Will Russia and China back Venezuela? 

While there may be greater interest from China to take action within its own theater, experts agreed it was unlikely that Russia or China would actually get involved and back Venezuela should military operations between the U.S. and Caracas escalate — even though Moscow and Beijing are strategic allies with Venezuela. 

Some analysts said Maduro would find himself largely isolated if Trump launched military strikes against Venezuela. Russia, still consumed by its war in Ukraine, is unlikely to offer anything beyond denunciations of U.S. action, and China, despite years of deep economic engagement with Caracas, is also expected to stop well short of military involvement, they said. 

From Moscow’s perspective, there is both ideological and strategic discomfort with an American intervention — but little appetite or capability to counter it.

‘Moscow opposes unilateral U.S. military intervention, especially when aimed at toppling a friendly authoritarian regime. That said, Russia lacks the will and ability to stop U.S. intervention in this part of the world should Trump decide to go that route,’ said John Hardie, a Russian military analyst at the Foundation for Defense of Democracies (FDD).

Hardie said Russia is watching Washington’s internal debate carefully. 

‘Analysts in Moscow interpret the internal debate in Washington over Venezuela as evidence that although Republican views on foreign policy are shifting, the more traditional, hawkish camp still retains influence,’ Hardie said. ‘This whole episode probably also reinforces Russian views of Trump as unpredictable and impulsive, though I suspect Moscow is glad to see Trump prioritizing the Western Hemisphere over other regions more central to Russian interests.’

China’s likely response would mirror its recent behavior in other conflicts. Beijing has major financial stakes in Venezuela but has shown little willingness to risk confrontation with the United States, especially in the Western Hemisphere.

Jack Burnham, a China analyst at FDD, said Maduro should take note of how China behaved during the 12-Day War, when Iran came under intense U.S.- and Israeli-led strikes.

‘If Maduro is expecting support from China, he should have had his expectations corrected by Tehran’s recent experience under fire,’ Burnham said. ‘Despite China providing key war-related materials to Iran prior to the 12 Day War, once the conflict escalated, Beijing stood down, content to stand on the sidelines and offer statements.’

Burnham said that same pattern would likely apply now: ‘If American military action accelerates, look for Beijing to engage in a war of words rather than send badly needed supplies to Caracas.’

Trump’s crusade against drugs

The Trump administration has beefed up its military presence off the coast of Venezuela and has adopted a hard-line approach to address the flow of drugs into the U.S. For example, it designated drug cartel groups like Tren de Aragua, Sinaloa and others as foreign terrorist organizations in February.

The Trump administration has repeatedly said it does not recognize Maduro as a legitimate head of state, but instead, a leader of a drug cartel. In August, the Trump administration upped the reward for information leading to Maduro’s arrest to $50 million, labeling him ‘one of the largest narco-traffickers in the world.’

On Sunday, Trump confirmed that he spoke to Maduro over the phone last week, after the New York Times reported that the two had talked, but declined to provide specifics on what they discussed. However, The Miami Herald reported on Sunday that Trump gave Maduro an ultimatum, guaranteeing the Venezuelan leader and his family safety — if he resigned immediately. 

The White House did not provide comment when asked if the Trump administration is pushing a regime change, and whether Maduro had been offered any incentives to step down. However, the officials said all options are on the table to mitigate the influx of drugs into the U.S. 

‘President Trump has been clear in his message to Maduro: stop sending drugs and criminals to our country,’ White House spokesperson Anna Kelly said in a statement to Fox News Digital on Tuesday. ‘The President is prepared to use every element of American power to stop drugs from flooding in to our country.’

The White House did not respond to a request for comment from Fox News Digital on The Miami Herald’s report. 

Additionally, the New York Post reported on Tuesday that U.S. officials are discussing potentially sending Maduro to Qatar, although officials familiar with Qatar’s role in the negotiations said Maduro will not head there. It’s unclear where Maduro would flee to, and no countries have confirmed they will accept him. 

Trump’s reported negotiation with Maduro comes as the strikes in the Caribbean are facing heightened scrutiny from the legal community and lawmakers.

While lawmakers have questioned the legality of the strikes since the beginning, the attacks have come under renewed scrutiny after the Washington Post reported on Friday that Secretary of War Pete Hegseth verbally ordered everyone onboard the alleged drug boat to be killed in a Sept. 2 operation. The Post reported that a second strike was conducted to take out the remaining survivors on the boat. 

On Monday, the White House confirmed that a second strike had occurred, but disputed that Hegseth ever gave an initial order to ensure that everyone on board was killed when asked specifically about Hegseth’s instructions.

The White House also said Monday that Hegseth had authorized Adm. Frank ‘Mitch’ Bradley to conduct the strikes, and that Bradley was the one who ordered and directed the second one. 

At the time of the Sept. 2 strike, Bradley was serving as the commander of Joint Special Operations Command, which falls under U.S. Special Operations Command. He is now the head of U.S. Special Operations Command. 

According to Hegseth, carrying out a subsequent strike on the alleged drug boat was the right call. 

‘Admiral Bradley made the correct decision to ultimately sink the boat and eliminate the threat,’ Hegseth said Tuesday. 

Altogether, the Trump administration has conducted more than 20 strikes against alleged drug boats in Latin American waters, and has enhanced its military presence in the Caribbean to align with Trump’s goal to crack down on drugs entering the U.S.

The last confirmed strike occurred on Nov. 15. Hegseth said Tuesday that although there has been a pause in strikes in the Caribbean because alleged drug boats are becoming harder to find, the Trump administration’s crusade against drugs will continue. 

‘We’ve only just begun striking narco-boats and putting narco-terrorists at the bottom of the ocean because they’ve been poisoning the American people,’ Hegseth said Tuesday. 

This post appeared first on FOX NEWS

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Shopify says a daylong Cyber Monday outage has been resolved

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Outages on Shopify’s e-commerce platform have been resolved, the company said late Monday, bringing to an end a daylong glitch on the annual ‘Cyber Monday’ shopping day.

Some merchants that use Shopify’s service to sell goods online said they experienced issues with checkouts through the company’s point-of-sale system.

Businesses that run on Shopify also had trouble logging into their administrative portals.

In a statement, Shopify said: ‘We had a system degradation that has now been mitigated.’

Throughout the day, business owners posted angry messages directed at the company on X, where Shopify President Harvey Finkelstein had posted ‘HAPPY CYBER MONDAY! Let’s finish strong!’ earlier in the day, with an emoji of a flexed arm.

One business, Costack Spices, based in London, replied: ‘How??? [We] cannot fulfill orders or log on,’ with three red-faced emojis. In a follow-up, the company posted, ‘This is unbelievable.’

Another user wrote, ‘@ShopifySupport I haven’t been able to access it for the last couple hours.’

Shopify replied to most users on X with the same message: ‘We are aware of an issue with Admins impacting selected stores, and are working to resolve it.’

In 2024, merchants using Shopify services recorded $11.5 billion in sales from Black Friday through Cyber Monday, the company said, with more than 76 million customers buying from businesses powered by the platform.

Shopify provides website design tools, online checkout services and digital advertising products to businesses of all sizes. The company says that millions of merchants use its services.

While Shopify’s share of Cyber Monday sales may be limited, smaller businesses that rely on the company to process their transactions may have missed out on crucial sales at the start of the all-important holiday season.

Total Cyber Monday sales are expected to be more than $53 billion, according to Salesforce.

Shopify stock ended the trading day down 5.9%.

This post appeared first on NBC NEWS

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