Northern Freegold Drilling Expands Mineralization in Revenue Zone

Gold Investing

Northern Freegold Resources Ltd. (CVE:NFR) reports results fromTitan 24 Geophysical survey Freegold Mountain Project, Yukon.

Northern Freegold Resources Ltd. (TSXV:NFR) reports results fromTitan 24 Geophysical survey Freegold Mountain Project, Yukon.

The press release is quoted as saying:

The million ounce(1) Nucleus Deposit correlates with a combined high chargeability and high conductivity zone (zone 1) extending over an area of 1.5 km wide by 1.5 km long, at an approximate depth of 100 to 500 m below surface. The million ounce resource defined to date tests only the upper reaches of this anomaly which is open laterally and to depth (see attached figure 2).

Bill Harris, Northern Freegold’s Chairman & COO says:

“The results from the Titan Survey and the 2010 drill program in the Revenue confirm management’s belief in a large scale mineralized system encompassing the million ounce resource at the Nucleus Deposit and related mineralization extending east through the Revenue Zone. The size of the untested anomaly beneath the Nucleus Deposit is significant and has great potential for us to add resources to the Freegold Project.”  “Integration of this geophysical survey with geochemical surveys, geological mapping, as well as the results of all 2010 and earlier drilling, will assist in the prioritization of high potential targets for drilling in 2011 leading to new and updated resource calculations.” 

Click here to access the entire press release.

Click here to access Northern Freegold’s company profile.

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