The Conversation (0)
Northern Freegold Resources Ltd. (CVE:NFR) reports since mid-May, an aggressive exploration program has been underway on the road-accessible Freegold Mountain project, Yukon within the White Gold district.
The press release is quoted as saying:
The program is budgeted at $5.7M, and will consist of up to 16,000m (52,000′) of diamond drilling, a deep-penetration Titan 24 Induced Polarization (“I.P.”) survey, soil geochemical surveys, and geological mapping and sampling. Two drills are currently operating on the property.
2011 Exploration work will focus on the following:
- Upgrading of the Au-Cu-Ag-Mo Revenue Zone from Target Deposit1 to Inferred Resource
- Titan 24 IP survey and if warranted, diamond drilling of the Stoddart Cu-Au-Mo Zone
- Potential expansion and further definition of the existing Indicated and Inferred Resource at the Nucleus Au-Cu-Ag Deposit (currently 1.1 M oz gold indicated and 0.63 M oz gold inferred)2
- Exploration and possible definition drilling of the Tinta Zone
Management believes the Revenue target deposit, the Nucleus deposit and the Stoddart Zone are all part of a large scale gold rich porphyry system, which extends in an east-west direction for more than 6 km. The system has the potential to host multi-million ounce gold resources with multi-billion pound copper resources similar to other porphyry deposits in the region.
Northern Freegold’s Chairman, John Anderson says:
“We are pleased to announce that we have selected Renmark to reinforce Northern Freegold Resources Ltd.’s profile in the financial community and enhance the visibility of our project portfolio. We choose Renmark because its standards and methodologies fit best with the message we wish to communicate to the investing public.”
Click here to access the entire news release.
Click here to access Northern Freegold’s company profile.(TSXV:NFR)