Dear Shareholders and Friends,
In a recent interview with Streetwise Reports, Michael Fowler, senior mining analyst with Loewen, Ondaatje, McCutcheon, commented on Northern Freegold Resources Ltd. Fowler sees small- and mid-cap junior producers and developers as the "sweet spot" in the gold equities space, and provides a basket of names to consider in each space. In this exclusive Gold Report interview, he also shares his views on the irresponsibility of the "new paradigm" of large-scale financings now in vogue.
Michael Fowler is a senior mining analyst with Loewen, Ondaatje, McCutcheon Ltd., and has worked in the investment industry since 1987 as a base and precious metals mining analyst for numerous high-profile firms. Previously, Fowler worked as a geophysicist involved in mineral exploration for 10 years. He was involved in the discovery of the high-grade Cigar Lake uranium mine in Northern Saskatchewan in the early 1980s. He is a member of the Institution of Materials in the UK and a member of the Canadian Institute of Mining and Metallurgy.
We thought you'd be interested in reading Michael Fowler's comments on Northern Freegold Resources Ltd. Scroll Down to see these comments.
Regards,
John Burges
President, Chief Executive Officer and Director
Michael Fowler's Comments:
"We like Northern Freegold Resources Ltd. A lot of the Yukon plays are limited to helicopter trips into their properties, while Northern Freegold benefits from a road and a nearby power line. The property is a large, porphyry-style project. It hosts about 6 Moz Au eq, 2.8 Moz gold per se, with copper in the deposit. The stock trades at $5/oz on an Au eq basis, which is exceedingly cheap, compared to an average of around $50/oz or so. There is a lot of potential to increase the resource. . .the company also has new management, which is making great efforts to make people aware of its story." View Article http://www.theaureport.com/pub/na/12878
About Northern Freegold
Northern Freegold Resources Ltd. (OTCQX: NFRGF; TSX.V: NFR)trades in the United States on OTCQX under the symbol "NFRGF", and in Canada on the TSX Ventureunder the symbol "NFR".Northern Freegold is a rapidly advancing Canadian-based precious metals exploration and development company. Northern Freegold brings wide-ranging expertise and strong management to focus on the development of economic mineral resources on the district-scale Freegold Mountain gold and copper project in the Yukon and the Burro Creek gold and silver property in Arizona. Management believes its Freegold Mountain Project is part of a large scale gold-rich porphyry system, which extends in an east-west direction for more than 8km. The system shows the same geological characteristics to other porphyry deposits in the region which host multi-million ounce gold resources and reserves with multi-billion pound copper resources.
PR Contact for Northern Freegold Resources:
Julie Hajduk, Manager of Investor Relations, + (604) 893-8757, julie@northernfreegold.com
Cautionary Note Regarding Forward-Looking Statements The information in this press releaseincludes certain "forward-looking statements." All statements, other than statements of historical fact, included herein including, without limitation, plans for and intentions with respect to the company's properties, statements regarding intentions with respect to obligations due for various projects, strategic alternatives, quantity of resources or reserves, timing of permitting, construction and production and other milestones, are forward looking statements. Statements concerning Mineral Reserves and Mineral Resources are also forward-looking statements in that they reflect an assessment, based on certain assumptions, of the mineralization that would be encountered and mining results if the project were developed and mined in the manner described. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from NFR's expectations include the uncertainties involving the need for additional financing to explore and develop properties and availability of financing in the debt and capital markets; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; the need for cooperation of government agencies and First Nation groups in the exploration, and development of properties; and the need to obtain permits and governmental approval. NFR's forward looking statements reflect the beliefs, opinions and projections of management on the date the statements are made. NFR assumes no obligation to update the forward looking statements if management's beliefs, opinions, projections, or other factors should they change.