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NEWS RELEASE
Thursday, April 24, 2008
Northern Freegold Commences 25,000 m Diamond Drill Program at Freegold Mountain Project, Yukon
Press Release #08-11
View News Release in PDF Format
Initial Holes Target High Grade Gold Trend in Nucleus Zone
Vancouver, BC: April 24, 2008. Northern Freegold Resources Ltd. (NFR: TSX-V) is pleased to announce it has commenced drilling in the Nucleus Zone on the district scale 166 square km Freegold Mountain project in the Yukon Territory. The initial 8 holes of the 25,000m 2008 program will strategically drill test the area surrounding holes GRD07-41 and GRD07-58, which returned 72 m of 2.5 g/t Au and 75 m of 4.26 g/t Au respectively, and highlighted a higher grade gold trend with the Nucleus Zone, a low grade, bulk tonnage gold target.
Two of the four drills contracted from Kluane drilling of Whitehorse, Yukon will focus on the Nucleus Zone in order that the company may calculate a NI 43-101 compliant resource at the Nucleus Zone upon results from the 2008 season. The 3rd drill will be focused at the Tinta Zone, a polymetallic vein system 20 km from the Nucleus Zone. A NI 43-101 compliant resource will also be calculated at the Tinta Zone, upon receipt of results. The 4th drill will explore the central area of the Freegold Mountain Project and will be following up on the 53 m of 3.6 g/t gold discovered in the Goldy Zone in 2007, as well as the porphyry style mineralization discovered at the Stoddart Zone, and the high grade gold mineralization at the Ridge Zone, and other zones of interest.
Susan Craig, President commented "With $13 million in working capital, NFR is well financed to carry out the 25,000 m drill program at Freegold Mountain. The initial drilling will help delineate possible extensions of the higher grade trend within the Nucleus Zone. This aggressive 2008 program will help Northern Freegold execute its strategy of developing resources and building reserves. Key to completing the 25,000 m of drilling is beginning the drill program 2 months earlier than prior exploration programs."
Freegold Mountain Project
The Freegold Mountain Project is situated within the Dawson Range portion of the Tintina Gold Belt, characterized by plutonic rocks of the 100 million year old Cretaceous Dawson Range Batholith and early Jurassic Klotassin Suite metaplutonic rocks intruding metavolcanic and metasedimentary rocks of the Yukon-Tanana Terrane. The Dawson Range is a well-mineralized belt over 100 km long, extending from Mount Freegold northwesterly to the Casino copper-gold porphyry deposit. This belt is transected by the west-northwest trending Big Creek Fault, which provides the locus for many mineral occurrences including placer gold deposits, porphyry gold-copper mineralization, gold veins and breccias bodies. The Freegold Mountain Project covers a 35 km long section of this belt.
The Project area is in excess of 166 square km (64 square miles) and includes several road-accessible mineralized zones with historical resource estimates (not compliant with NI-43-101). Work on the Freegold Mountain Project dating back to 1930 indicates that the property has the potential to host intrusion related gold deposits or bulk-tonnage gold+/-copper porphyry style mineralization (eg. the Nucleus Zone) with similarities to the mineralization at Kinross Gold's Fort Knox deposit in Alaska which has produced more than 3 million ounces in the past 10 years and still has a resource of 2.7 million ounces of gold from proven and probable reserves of 159.7 million tonnes grading 0.53 g/t as at Dec. 31, 2006 (www.kinross.com). (These reserves have not been verified by the qualified person and the information is not necessarily indicative of the mineralization at Freegold Mountain Project). The Project also has potential to host other related deposit types such as intrusive-hosted polymetallic vein systems (Tinta Hill), epithermal vein systems (Goldy, Dart) and skarn deposits (Margarete/Augusta), as well as other porphyry targets (Stoddart).
Northern Freegold is a well financed Canadian-based resource exploration and development company which relies on local expertise and strong management to focus on development of economic reserves on the district-scale Freegold Mountain Project in the Yukon and the Burro Creek Project in Arizona.
Northern Freegold Resources Ltd.
On behalf of the Board of Directors
Signed "Susan Craig"
Susan P. Craig
President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
©2007 Northern Freegold Resources Ltd. All Rights Reserved.
Northern Freegold Resources
EXPLORATION STAGE
CODE : NFR.V
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Corporate Presentations of Northern Freegold Resources
3/30/2007
Letter of Intent to Acquire Arizona Gold/Silver Property
In the News and Medias of Northern Freegold Resources
1/19/2012
Northern Freegold outlines 100mt gold-polymetallic deposit i...
4/22/2010
Northern Freegold eyes sale of Burro Creek asset
2/12/2009
Resources Ltd.: Gold Assay Value Increases to 206.50 g/t Gol...
Annual reports of Northern Freegold Resources
2008 Annual Report
2007 Annual Report
2006 Annual Reprot
Financings of Northern Freegold Resources
9/3/2012
PR # 12-13: Northern Freegold Announces Closing of Expedited...
4/25/2012
PR #12-09 Northern Freegold Announces Amended Terms for Brok...
12/2/2011
Closes Private Placement
7/20/2011
Closes First Tranche of Financing for $6 million
7/19/2011
Announces $8M Private Placement
5/16/2011
Announces $8M Private Placement
6/17/2009
Completes $5,000,000 Bought Deal
5/28/2009
Announces C$4,000,000 Bought Deal Equity Financing
12/22/2008
Announces Flow-Through Financing
11/5/2008
Announces Flow-Through Financing
Nominations of Northern Freegold Resources
2/10/2009
Appoints New Board Member to Further Develop Growth Plans
Project news of Northern Freegold Resources
2/27/2011
(Freegold Mountain - Revenue Zone)
Identifies Initial Target Deposit at Revenue Zone, Freegold ...
2/22/2011
(Freegold Mountain - Nucleus)
Announces Updated NI 43-101 Resource Estimate for Nucleus, F...
11/22/2010
(Freegold Mountain - Nucleus)
Drilling Expands Mineralization in Revenue Zone; Reports Res...
5/11/2010
(Freegold Mountain - Goldy Zone)
Initiates Resource Expansion Program on Major Gold and Coppe...
4/29/2010
Files Nucleus Deposit NI 43-101 Compliant Technical Report
2/10/2010
(Freegold Mountain - Nucleus)
Metallurgical Tests Show Excellent Gold Recoveries at Nucleu...
1/18/2010
(Freegold Mountain - Goldy Zone)
Increases Land Package at Freegold Mountain
12/3/2009
(Freegold Mountain - Nucleus)
extends gold mineralization to the southwest at Nucleus Zone
11/19/2009
(Freegold Mountain - Nucleus)
Intersects 9.68 g/t Gold over 4.47 m in Step-Out to Southwe...
10/22/2009
(Freegold Mountain - Nucleus)
extends gold mineralization at Nucleus Zone
8/10/2009
(Freegold Mountain - Nucleus)
President's Message from Northern Freegold Resources
7/27/2009
(Freegold Mountain - Nucleus)
Initial One Million Ounce Resource at Nucleus Zone
3/26/2009
(Freegold Mountain - Nucleus)
Intersects 0.73 m of 142.00 g/t Gold within 3.60 m of 55.27 ...
1/26/2009
(Freegold Mountain - Nucleus)
Intersects 4.00 metres of 68.95 g/t Gold
1/27/2009
(Freegold Mountain - Nucleus)
Freegold Intersects 4.00 Metres of 68.95 g/t Gold Including ...
1/14/2009
(Freegold Mountain - Nucleus)
Intersects 1.27 metres of 410.00 g/t Gold
12/1/2008
CORRECTION News Release: Northern Freegold Drilling Intersec...
9/25/2008
(Freegold Mountain - Nucleus)
Drilling Intersects 1.75 m of 21.18 g/t Gold
7/29/2008
(Freegold Mountain - Nucleus)
Intersects 1.23 Metres of 92.74 g/t Gold within 46.96 Metres...
7/2/2008
(Burro Creek)
Drilling of Vein Extension Intersects 19.7 Feet of 4.08 g/t ...
6/9/2008
(Freegold Mountain - Nucleus)
Intersects 3.25 Metres of 100.69 g/t Gold within 37.80 Metre...
6/5/2008
(Burro Creek)
Intersects 168.3 Feet of 0.94 g/t Gold and 56.10 g/t Silver ...
6/4/2008
(Freegold Mountain - Nucleus)
Initiates Fourth Drill in 25,000 m Diamond Drill Program at ...
5/20/2008
Intersects 3.4 Feet of 31.80 g/t Gold and 759.00 g/t Silver ...
4/24/2008
(Freegold Mountain - Nucleus)
Commences 25,000 m Diamond Drill Program at Freegold Mounta...
4/23/2008
(Burro Creek)
Intersects 2.6 Feet Of 38.50 G/T Gold Within 69.0 Feet Of 2....
3/26/2008
(Burro Creek)
Intersects 117.10 Feet of 1.11 g/t Gold and 30.25 g/t Silve...
2/25/2008
(Freegold Mountain - Nucleus)
Discovers New Mineralized Porphyry Body at Freegold Mountain...
2/8/2008
(Burro Creek)
Completes Initial Holes of 3,000 m Drill Program at Burro Cr...
1/23/2008
Receives Approval for Acquisition of Severance Property in D...
1/22/2008
(Tad / Toro)
Receives Approval for Acquisition of Tad/Toro Property in Da...
1/21/2008
(Burro Creek)
Commences 3,000 m drill program at Burro Creek Gold/Silver ...
12/6/2007
Step Out Drilling - Intersects 75 m of 4.26 g/t Gold in Nucl...
11/8/2007
New High Grade Zone Returns 5.6 feet of 0.52 oz/t Gold, 9.53...
10/24/2007
Drill Hole in Nucleus Zone Steps Out 50 m and Returns Longes...
7/24/2007
Diamond Drilling in Tinta Zone Extends Vein System Down Dip ...
7/19/2007
First 2007 Diamond Drill Hole in Nucleus Zone Steps Out 50 m...
4/7/2006
(Severance)
2006 Technical report
Corporate news of Northern Freegold Resources
2/20/2013
Preliminary Economic Assessment of Northern Freegold's Nucle...
1/9/2013
Announces Updated NI 43-101 Resource Estimate for Nucleus De...
10/29/2012
-Key Upcoming Milestones for the Freegold Mountain Project
10/10/2012
Extends the Nucleus Gold Deposit
9/19/2012
Preliminary Metallurgical Results from Nucleus Gold Deposit ...
9/12/2012
Preliminary Metallurgical Results from Revenue Cu-Au-Mo Zone...
10/27/2010
Closes Financing of $3.45 Million
7/8/2010
Adds Second Drill Ahead of Schedule
5/19/2010
President's Message, May 2010
4/14/2010
NFR & the Yukon Gold Mining Alliance Forums
3/5/2010
Increases Gold Grade and Ounces at Freegold Mountain Project
2/11/2010
Invests in Business with Yukon First Nations Project 2010 Te...
1/14/2010
Announces Management Transition
1/14/2010
NFR provides update on successful 2009 Program at Nucleus Zo...
11/24/2009
Whitehorse Open House Westmark Hotel Wednesday, November 25 ...
11/18/2009
President's Message from Northern Freegold Resources
11/17/2009
extends warrant expiry dates
11/5/2009
executes option agreement for Tad/Toro
8/27/2009
Stakes Additional Ground in Dawson Range Mining Camp, Yukon
8/13/2009
drills 25 m of 2.45 g/t gold at Nucleus Zone
6/19/2009
Completes $3,000,000 Financing
6/19/2009
Commences 12,000 m Drill Program
5/6/2009
Earns 100% of Nucleus Zone
3/25/2009
Investor Update
3/19/2009
Drills 1.10m of 36.18 g/t Gold and 45.35 g/t Silver in Tinta...
2/27/2009
Investor Update February 2009
2/12/2009
Gold Assay Value Increases to 206.50 g/t Gold over 1.24 metr...
12/30/2008
Closes Financing of $475,300
12/1/2008
Extends Warrant Expiry Dates
11/13/2008
Extends Warrant Expiry Dates
11/10/2008
Closes Financing of $1.8 Million
9/23/2008
What NFR did during your summer vacation
5/21/2008
Commences Drilling in Goldy Zone to follow up on 9.3 m of 15...
12/19/2007
Closes Financing of $4.334 Million
12/4/2007
Closes Financing of $7.147 Million
11/23/2007
Investor Relations Update
11/22/2007
Receives Approval for Acquisition of Nit Property in Dawson...
11/16/2007
Announces Financing
11/15/2007
Drilling Discovers 15.45 g/t Gold over 9.3 metres in Goldy Z...
10/24/2007
Receives Approval For Acquisition Of 100% Interest In Nucleu...
10/11/2007
Receives Approval for Acquisition of Burro Creek Gold/Silver...
10/1/2007
Diamond Drill Program at Freegold Mountain Passes 11,000 Met...
9/10/2007
Acquires Additional Property in Dawson Range Gold Belt, Yuko...
9/10/2007
Additional Diamond Drill Results in Tinta Zone Confirm Exten...
8/23/2007
Acquires 100% Interest in Golden Revenue, Nitro and Sey Prop...
6/28/2007
Three Drills in Operation in Three Zones at Freegold Mountai...
6/8/2007
Completes First Hole of 15,000 m Diamond Drill Program at Fr...
5/22/2007
Announces Financing
5/10/2007
Acquires Burro Creek Gold/Silver Property, Arizona
5/7/2007
Commences 15,000 m Diamond Drill Program at Freegold Mountai...
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TSX-V (NFR.V)
0.060
+20.00%
TSX-V
CA$
0.060
05/22
15:57
0.010
20%
Prev close
Open
0.050
0.050
Low
High
0.050
0.060
Year l/h
YTD var.
0.050
-
0.150
-45.45%
52 week l/h
52 week var.
0.050
-
0.170
-50.00%
Volume
1 month var.
15,000
20.00%
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