| | Published : February 25th, 2008 | Discovers New Mineralized Porphyry Body at Freegold Mountain Project, Yukon |
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NEWS RELEASE |
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Monday, February 25, 2008 Northern Freegold Discovers New Mineralized Porphyry Body at Freegold Mountain Project, Yukon
PR #08-06
Vancouver, BC: February 25th, 2008. Northern Freegold Resources Ltd. (NFR: TSX-V) is pleased to announce discovery of a new mineralized porphyry body in the Stoddart Zone located 1 km from the Ridge Zone, in the central portion of the district scale Freegold Mountain Project, Yukon. Two Diamond drill holes (509 m, 1,670 feet) tested a historical 1300 by 400 m (4,265 by 1,312 foot) gold and copper soil anomaly coincident with an airborne magnetic survey anomaly.
Highlights:
- Both Diamond drill holes intersected significant mineralization indicative of a porphyry system located at or near surface
- Drill hole ST07-01 intersected 159.25 m (522.47 feet) of 0.14% copper including 15.75 m (51.66 feet) of 0.33% copper
- Drill hole ST07-02 intersected 205.65 m (674.53 feet) of 0.15% copper including 26.40 m (86.6.1 feet) of 0.27% copper
- The Stoddart Zone is located 1 km from the Ridge Zone where chip sampling returned 4.70 m (15.74 feet) of 0.11 oz/ton gold, 1.83 oz/ton silver and 0.59% copper
- Northern Freegold is very well financed and has access to 4 drills in the 2008 season and plans an aggressive 25,000 m (82,000 foot) drill campaign at the Freegold Mountain Project
Bill Harris, President & CEO commented "We are encouraged that previously untested areas of the Freegold Mountain Project are producing significant new mineralized targets. Gold values in the Stoddart surface anomaly are higher than the gold-in-soil values at the Nucleus Zone where 2007 drilling intersected 75 m of 4.26 g/t gold (see December 6, 2007 news release). The large size of the surface anomaly and the long, mineralized intervals in the two holes drilled in 2007 make this area a priority for further drill testing in the 2008 season."
Stoddart Zone
Drill Results
Hole No. |
Length m |
From m |
To m |
Thickness m |
Thickness feet |
Cu ppm (%) |
Mo ppm (%) |
ST07-01 |
259.10 |
96.25 |
255.50 |
159.25 |
522.47 |
1354 (0.14%) |
* |
Includes |
|
173.00 |
259.10 |
86.10 |
282.41 |
1599 (0.16%) |
* |
Includes |
|
174.50 |
202.00 |
27.50 |
90.20 |
2399 (0.24%) |
127 (0.013) |
Includes |
|
174.50 |
190.00 |
15.50 |
50.84 |
3024 (0.30%) |
158 (0.016) |
Includes |
|
220.50 |
236.25 |
15.75 |
51.66 |
3288 (0.33%) |
* |
Includes |
|
222.20 |
229.80 |
7.60 |
24.93 |
4708 (0.47%) |
* |
ST07-02 |
249.90 |
1.60 |
207.25 |
205.65 |
674.53 |
1498 (0.15%) |
* |
Includes |
|
89.60 |
190.40 |
100.80 |
330.71 |
1814 (0.18%) |
* |
Includes |
|
130.60 |
157.00 |
26.40 |
86.61 |
2753 (0.27%) |
* |
Includes |
|
139.45 |
150.30 |
10.85 |
35.59 |
3425 (0.34%) |
211 (0.021) |
Includes |
|
204.00 |
207.25 |
3.25 |
10.66 |
5138 (0.51%) |
* |
Includes 1 |
|
205.50 |
207.25 |
1.75 |
5.74 |
5510 (0.55%) |
* |
*Mo values < 100 ppm
1 includes gold values of 0.87 g/t
The Stoddart Zone is underlain by a mid-late Cretaceous feldspar porphyritic stock, surrounded by a halo of northerly to northeasterly-trending quartz feldspar porphyry dyke swarms, intruding Mesozoic syenite and granodiorite. The model for the Stoddart Zone is a bulk-mineable plutonic hosted, calcalkaline porphyry copper+/-gold+/-molybdenum model, such as the Casino Deposit located 80 km (50 mi) to the northwest, which contains measured and indicated resources of 7.44 million oz of gold, 4,676 million lb of copper and 425 million lb of molybdenum (www.westerncoppercorp.com).
The 2 holes of the 2007 program were drilled to test a historical copper and gold soil anomaly measuring 1300 by 400 m (4,265 by 1,312 feet). The 2 holes were successful in locating a previously unknown mineralized porphyry intrusion in the area. Tenorite, chalcocite and malachite mineralization appear at the top of both drill holes. Sheeted vein systems carrying pyrite, chalcopyrite and molybdenum mineralization cut the main intrusive phase at a shallow angle to the core axis throughout both holes.
Low grade gold values were encountered in hole ST07-01 (0.22 g/t gold over 14.50 m; 0.14 g/t gold over 11.05 m). Although the first 2 holes did not intersect ore grade gold mineralization, there is still potential that this target will host elevated precious metal, as it is surrounded by occurrences of high grade gold and silver, inclduing the Ridge Zone, only a kilometer away (see November 8, 2007 news release). The Stoddart Zone is located uphill from Guder and Seymour Creeks, where significant quantities of gold have been produced by placer mining.
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).
Quality Control and Assurance
The holes were drilled by a skid mounted Diamond drill with NTW core size (5.6cm/2.2 inches in diameter). All core samples from Diamond drilling are split and sent to EcoTech Laboratory in Whitehorse for sample preparation and then to EcoTech Laboratory in Kamloops for analysis. Blanks, commercial standards and duplicate core samples are included in each batch. Gold is analysed on 30 gram pulps by fire assay followed by aqua regia digestion and Atomic Absorption Spectrometry (AAS). Gold values greater than 1000 ppb are reanalysed by gravimetric fire assay. Other elements are analysed by 28-element ICP analysis after aqua regia digestion. Additional check analyses and assays will be carried out by ALS Chemex in North Vancouver. Intervals reported in this release do not necessarily represent true widths of mineralization
The program is under the direct supervision of Mr. Ron Robertson, P. Geol., hereby identified as the "Qualified Person" under the NI 43-101 requirements.
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 "Bill Harris"
William (Bill) G. Harris
President and Chief Executive Officer
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.
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Northern Freegold Resources
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EXPLORATION STAGE |
CODE : NFR.V |
ISIN : CA6651671027 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Northern Freegold is a gold exploration company based in Canada. Northern Freegold holds various exploration projects in Canada. Its main exploration properties are SEVERANCE, TAD / TORO, FREEGOLD MOUNTAIN - GOLDY ZONE, FREEGOLD MOUNTAIN - STODDART ZONE, FREEGOLD MOUNTAIN - REVENUE ZONE, BURRO CREEK, FREEGOLD MOUNTAIN - NUCLEUS and FREEGOLD MOUNTAIN -TINTA HILL in Canada. Northern Freegold is listed in Canada. Its market capitalisation is CA$ 13.4 millions as of today (US$ 10.2 millions, € 9.5 millions). Its stock quote reached its highest recent level on November 05, 2010 at CA$ 4.20, and its lowest recent point on February 05, 2016 at CA$ 0.04. Northern Freegold has 47 050 000 shares outstanding. |
Corporate Presentations of Northern Freegold Resources |
Annual reports of Northern Freegold Resources |
Financings of Northern Freegold Resources |
Option Grants of Northern Freegold Resources |
Nominations of Northern Freegold Resources |
Project news of Northern Freegold Resources |
2/27/2014 | PR#14-03 Northern Freegold Reviews 2013 Exploration Results ... |
1/29/2014 | PR#14-02 Northern Freegold Announces Additional Exploration ... |
1/20/2014 | PR#14-01 Northern Freegold Announces Exploration Results fro... |
6/26/2013 | PR#13-07: Northern Freegold Announces 2013 Exploration Plan ... |
5/9/2013 | Join Northern Freegold Resources at the Metals & Minerals In... |
11/8/2012 | Jay Taylor Comments on Northern Freegold Resources Ltd. |
6/4/2012 | PR #12-12 Northern Freegold Commences Drilling at Freegold M... |
2/27/2012 | Commences Metallurgical Testing at Freegold Mountain, Yukon |
1/18/2012 | Announces First Resource at Revenue Zone at Freegold Mountai... |
1/11/2012 | Summarizes 2011 Exploration Program at the Freegold Mountain... |
9/22/2011 | Intersects 304.8 Metres Averaging 0.47 g/t Au, 3.68 g/t Ag, ... |
9/17/2011 | President of Northern Freegold Resources Steps Down |
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... |
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 |
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 |
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Corporate news of Northern Freegold Resources |
7/7/2016 | Northern Freegold Begins It's 2016 Yukon Exploration Program... |
4/5/2016 | NORTHERN FREEGOLD COMPLETES PRIVATE PLACEMENT |
4/4/2016 | NORTHERN FREEGOLD ARRANGES PRIVATE PLACEMENT |
3/26/2015 | Northern Freegold Announces Updated NI 43-101 Resource Estim... |
2/26/2015 | Yukon Ranks 1st in Mineral Potential and 9th Overall in the ... |
2/2/2015 | Northern Freegold Closes Financing |
1/16/2015 | Northern Freegold Announces Private Placement |
12/17/2014 | Northern Freegold Reports Technical Disclosure Review |
11/18/2014 | Northern Freegold Resources Ltd. Irene Trench Results Return... |
10/30/2014 | Northern Freegold Resources Ltd. Management Appointments |
6/19/2014 | Northern Freegold Announces 2014 Exploration at Freegold Mou... |
5/5/2014 | Northern Freegold Appoints John Zbeetnoff to its Advisory Bo... |
4/1/2014 | Northern Freegold Appoints Dennis Moore to its Advisory Boar... |
11/18/2013 | PR#13-13 Northern Freegold Announces Approval of All Resolut... |
11/14/2013 | Presents at 2013 Yukon Geoscience Forum, Whitehorse, Yukon, ... |
11/6/2013 | PR#13-12 Northern Freegold Announces New Gold Discovery, Fre... |
10/18/2013 | Presents at YGMA USA Roadshow Oct 21-25, 2013 |
10/8/2013 | (Burro Creek)New Northern Freegold Burro Creek Presentation Posted on Web... |
7/9/2013 | (Burro Creek)PR#13-08: Northern Freegold Provides Update on Exploration P... |
4/11/2013 | PR#13-05: Northern Freegold Announces Increase in Private Pl... |
4/5/2013 | PR#13-04: Northern Freegold Closes First Tranche of Financin... |
2/20/2013 | Preliminary Economic Assessment of Northern Freegold's Nucle... |
1/31/2013 | Michael Fowler Comments on Northern Freegold |
1/14/2013 | in the Media |
1/9/2013 | PR#13-01: Northern Freegold Announces Updated NI 43-101 Reso... |
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 | PR#12-16 Northern Freegold Extends the Nucleus Gold Deposit |
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... |
6/26/2012 | Ian Gordon Comments on Northern Freegold |
6/20/2012 | President's Letter |
5/18/2012 | PR #12-11 Northern Freegold Appoints Paul Reynolds Vice Pres... |
5/11/2012 | PR #12-10 Northern Freegold Announces Closing of Brokered Pr... |
4/5/2012 | PR #12 - 08 Northern Freegold Adopts Shareholders Rights Pla... |
4/2/2012 | PR #12 - 07 Northern Freegold Scheduled to Begin 25,000 Mete... |
3/22/2012 | Corporate Update Spring 2012 |
2/7/2012 | Announces Listing on the OTCQX |
12/29/2011 | Announces Final Drill Results from the 2011 Drill Program at... |
5/10/2011 | Announces Management and Board Changes Mobilization Underway... |
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 |
11/5/2009 | 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 |
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... |
2/21/2008 | Confirms Extension of Warrant Expiry Dates |
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... |
11/15/2007 | 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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