The Conversation (0)
Northern Freegold Resources Ltd. (TSXV:NFR,OTCQX:NFRGF,FWB:8N6) intersected mineralization at depths of 45 metres to 170 metres below the Nucleus Zone’s current Inferred and Indicated resource, and is pleased to announce results from the five drill holes completed at the Freegold Mountain Project in the Yukon.
Highlights include:
- The 2012 drilling program intersected mineralization at depths of 45 metres to 170 metres below the Nucleus Zone’s current Inferred and Indicated resource
- Higher grade intervals, such as:
- 13.20 metres averaging 1.57 g/t Au in Hole GRD12-175 from 82.45 metres depth
- 11.45 metres averaging 2.12 g/t Au in Hole GRD12-178 from 230.10 metres depth
- 4.05 metres averaging 2.64 g/t Au in Hole GRD12-178 from 382.35 metres depth
- Based on 2012 drilling the deposit continues to remain open to expansion laterally and at depth
Northern Freegold President and CEO John Burges said:
Our exploration objectives this season were to extend our known gold mineralization to depth at the Nucleus gold resource and to better understand the geological controls on gold mineralization. We achieved both of these objectives. The results demonstrate gold mineralization extends up to 60% deeper, or 170 metres further, than the maximum extent of the existing resource which starts near surface and reaches a maximum of 280 metres depth. This coupled with the recently reported excellent metallurgical results at Nucleus will assist us as we start to work on our first economic assessment for the Freegold project.
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