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2011 Exploration Program Summary for the Freegold Mountain Project, Yukon

Investing News Network
Jan. 11, 2012 08:03AM PST
Gold Investing

Twenty seven drill holes of approximately 12,375 metres were completed at the Northern Freegold Resources Ltd. (TSXV:NFR,OTCBB:NFRGF,FWB:8NG) Freegold Mountain Project, Yukon. Highlights include multiple holes with mineralized intervals over 100 metres in length and in particular, hole RVD11-019 that returned 304.8 metres averaging 0.47 g/t gold, 3.68 g/t silver, 0.12% copper and 0.02% molybdenum, for a gold equivalent value of 0.95g/t.

Twenty seven drill holes of approximately 12,375 metres were completed at the Northern Freegold Resources Ltd. (TSXV:NFR,OTCBB:NFRGF,FWB:8NG) Freegold Mountain Project, Yukon. Highlights include multiple holes with mineralized intervals over 100 metres in length and in particular, hole RVD11-019 that returned 304.8 metres averaging 0.47 g/t gold, 3.68 g/t silver, 0.12% copper and 0.02% molybdenum, for a gold equivalent value of 0.95g/t.

As quoted in the press release:

Highlights:

  • Drilling successfully provided data to upgrade Revenue Zone Target Deposit to Inferred Resource. A N.I. 43-101 compliant resource estimate for the Revenue Zone is pending
  • Drilling at Revenue Zone extends known mineralization an additional 250 m east, 300 m north and 250 m depth;
  • Geophysics identifies multiple high-priority targets for mineralization at Stoddart Zone, 6 km from Revenue
  • New institutional marketing campaign initiated

Northern Freegold President and CEO John Burges said:

“We are very pleased with the progress made in 2011 at Freegold Mountain. The drilling at the Revenue Zone has given us the data we need to upgrade the Target Deposit into an inferred resource. Furthermore, we have greatly expanded the area of known mineralization at Revenue, and defined a number of highly prospective porphyry drill targets at the Stoddart Zone. In 2012 we will continue to work to build additional resources, and we believe that the Freegold Mountain project will emerge as a leading gold-copper porphyry deposit.”

Click here to read the Northern Freegold Resources Ltd. (TSXV:NFR) press release
Click here to see the Northern Freegold Resources Ltd. (TSXV:NFR) profile.

porphyry-deposit tsxv-nfr copper-porphyry
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