Freegold Ventures Limited announced drilling results holes from its ongoing drilling program at Golden Summit, located near Fairbanks, Alaska. During 2020, 18 holes (2001-2018) were drilled and assay results for 10 holes are pending. Assay laboratories are continuing to experience significant delays. Drilling is planned to resume in early February 2021 with four drill rigs, and to continue throughout 2021. A minimum of 40,000 metres of drilling is planned. The Company is well financed to carry out its proposed programs. Located nearly 600 metres apart both holes GSDL2007 and GSDL2008 successfully intercepted broad zones of above resource grade at their projected target depths. Management is very encouraged with the ongoing results, as they continue to demonstrate the potential for larger higher-grade portions within what could be open pittable depths over a significant area. Hole GSDL2006 was lost at depth of 76.5 metres and encountered considerable caving and lost samples, as a result the drill was moved 14 metres north and the hole was re-drilled as GSDL2007. During 2021 drilling is expected to continue to the north, west and east of the Dolphin intrusive and will be aimed at expanding and upgrading the current resource category in order advance the project through pre-feasibility. In addition, drilling will also be targeting the known high grade vein structures ­ Cleary,Wackwitz, Colorado and Wyoming all located in the Cleary Hill area. The veins in the Cleary area all appear to have a southerly dip and are interpreted to bend towards the Dolphin intrusive and form part of the interpreted Cleary Vein Swarm (CVS) ­ a series of stacked higher grade veins within a lower grade envelope amenable to bulk tonnage mining. During 2020, 5 holes GSDL2008, GSDL2009, GS2012, GS2014 and GS2017 were drilled in the Cleary Hill area aimed at intersecting these higher-grade vein structures at depth. GSDL2008 was the first of the holes drilled in the Cleary area in 2020 and intercepted another broad zone of above resource grade material. This hole intersected the projected zone at its target depth and returned 1.2 g/t Au over 231 metres. This is interpreted to be the down dip extension of the Cleary Hill vein zone. Previous drilling in the Cleary Hill area was largely shallow in nature. The upcoming program will continue to systematically test this vein swarm to the south, by testing both the depth extent of these high-grade vein structures and their strike to the west towards the Dolphin intrusive, neither of which has been tested and covers a 500x600 metre area. In the Dolphin area results from Hole GSDL 2007 confirmed another broad zone of higher-grade mineralization within the schists in the immediate footwall of the intrusive. This hole averaged 1.0 g/t Au over 348 metres from 225-573 metres, which was the end of the hole. The interval included 1.55 g/t over 90 metres and 0.91 g/t over 222 metres. Assays for GSDL2010, GSDL2011, GS2015, GS2016 and GS2018 are pending. These holes are step out holes from GSDL2001 and are intended to better define and delineate the potential strike of the higher-grade mineralization in the vicinity of the Dolphin intrusive. Holes GSDL2005 and GS2018 are the furthest north holes drilled in the Dolphin Area and were aimed at expanding the current resource to the north. There are over 80 documented gold occurrences throughout the project area and ongoing work continues to identify the potential for other vein swarms.