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Northern Freegold Resources Ltd. (TSXV:NFR,OTCBB:NFRGF,FWB:8NG) announced the first National Instrument 43-101 resource estimate for Revenue Deposit, part of their gold-copper Freegold Mountain Project in the Yukon, Canada. The NI 43-101 reports a newly defined Inferred Resource of 101 million tonnes of mineralized material containing 1.1 million ounces gold, 10.2 million ounces silver, 287 million pounds of copper, and 90 million pounds of molybdenum grading 0.34 g/t gold, 3.14 g/t silver, 0.13 % copper and 0.04 % molybdenum using a gold equivalent* (“AuEq”) cut-off grade of 0.5 grams per tonne (“g/t”).
As quoted in the press release:
Highlights:
- Newly defined Inferred Resource of 101 million tonnes of mineralized material containing 1.1 million ounces gold, 10.2 million ounces silver, 287 million pounds of copper, and 90 million pounds of molybdenum grading 0.34 g/t gold, 3.14 g/t silver, 0.13 % copper and 0.04 % molybdenum using a gold equivalent* (“AuEq”) cut-off grade of 0.5 grams per tonne (“g/t”)
- This equates to a total of 3.7 million gold equivalent ounces at a grade of 1.1 g/t AuEq
- The Revenue Zone deposit remains open laterally and at depth
Click here to read the Northern Freegold Resources Ltd. (TSXV:NFR) press release
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