| | Published : November 15th, 2007 | Drilling Discovers 15.45 g/t Gold over 9.3 metres in Goldy Zone, Freegold Mountain |
|
Article
|
Comments
|
Comment this article
|
Rating
|
♥
Follow Company
|
|
|
|
|
|
NEWS RELEASE |
|
|
Thursday, November 15, 2007 Northern Freegold Drilling Discovers 15.45 g/t Gold over 9.3 metres in Goldy Zone, Freegold Mountain Project, Yukon
Press Release #07-28
Vancouver, BC, November 15, 2007. Northern Freegold Resources Ltd. (NFR: TSX-V) is pleased to announce a new discovery in the Goldy Zone located 6 km (3.7 miles) from the Tinta Zone, in the eastern portion of the district scale Freegold Mountain Project, Yukon. The 2007 program consisted of ground geophysics, trenching and the drilling of 5 diamond drill holes (696 m, 2,283 feet) based upon historical gold-in-soil anomalies, trenching and a shallow drill program.
Highlights:
- Drill hole GY07-16, the longest hole drilled to date in the Goldy Zone, intersected 53.75 m (176.30 feet) of 3.50 g/tonne (0.11 oz/ton) gold including
- 9.30 m (30.50 feet) of 15.45 g/tonne (0.50 oz/ton) gold
- Drill hole GY07-18 was drilled toward GY07-16 in the same section, from a collar 100 m to the southwest, and may have intersected the top section of the mineralized zone in GY07-16
- The Goldy Zone is at the intersection of a 3 km gold in soil anomaly trending north-south; and a 4 km gold in soil anomaly trending northwest-southeast
- The Goldy Zone is located 4 km from a past producing gold mine
- Northern Freegold intends to systematically grid drill the Goldy Zone in 2008 (approximately 20 to 30 holes) to follow up on hole GY07-16
- Northern Freegold has access to at least 4 drills in the 2008 season and plans an aggressive drill campaign at the Freegold Mountain Project on at least 3 targets (Nucleus, Tinta and Goldy) to be able to calculate 43-101 resource estimates by the end of 2008
Bill Harris, President & CEO commented "We are encouraged that the first drilling in 19 years at the Goldy Zone has discovered this important new target. Following up on hole GY07-16 to determine the significance of this mineralization will be part of the 2008 program and will enable us to fulfill our purpose of developing resources and building reserves in multiple deposits within the district-scale Freegold Mountain Project Area."
Goldy Zone
Drill Results
Hole No. |
Length |
>From |
To |
Thickness |
Thickness |
Au |
Au |
|
m |
m |
M |
m |
feet |
g/tonne |
oz/ton |
GY07-15 |
124.95 |
11.90 |
20.65 |
8.75 |
28.70 |
0.50 |
0.02 |
Includes |
|
16.80 |
20.65 |
3.85 |
12.63 |
0.83 |
0.03 |
And |
|
52.85 |
59.90 |
7.05 |
23.12 |
2.91 |
0.09 |
Includes |
|
52.85 |
53.80 |
0.95 |
3.12 |
10.30 |
0.33 |
GY07-16 |
169.15 |
13.80 |
19.60 |
5.80 |
19.02 |
0.64 |
0.02 |
And |
|
100.85 |
153.00 |
53.75 |
176.30 |
3.60 |
0.12 |
Includes |
|
100.85 |
119.90 |
19.05 |
62.48 |
8.03 |
0.26 |
Includes |
|
103.00 |
112.30 |
9.30 |
30.50 |
15.45 |
0.50 |
Includes |
|
132.00 |
153.00 |
21.00 |
68.88 |
1.58 |
0.05 |
Includes |
|
140.50 |
143.80 |
3.80 |
12.46 |
4.90 |
0.16 |
Includes |
|
149.45 |
153.00 |
3.55 |
11.64 |
3.65 |
0.12 |
GY07-17 abandoned at 48 m due to poor ground conditions |
GY07-18 |
142.6 |
64.00 |
67.45 |
3.45 |
11.32 |
1.35 |
0.04 |
And |
|
99.53 |
102.00 |
2.47 |
8.10 |
1.64 |
0.05 |
GY07-19 no significant results |
Mineralized intervals with a length times grade value of less than 2.5 g/t/m are not included in the above table.
Previous work on the Goldy Zone targeted epithermal-style quartz veining and silicified zones associated with an altered quartz-feldspar porphyry body (QFP).
The Goldy Zone occurs at the northwest-trending contact between the Jurassic Big Creek syenite and Paleozoic gneisses of the Yukon-Tanana terrane. A body of altered and silicified quartz-feldspar porphyry intrudes the contact, which is also locally characterized by clay alteration and faulting. Gold mineralization is documented in altered QFP as well as in highly silicified zones of very fine grained "blue quartz" containing very fine grained disseminated sulphides, and associated quartz-sulphide veining. Chalcedonic quartz and barite in quartz veins are other epithermal features noted in outcrop and in core.
The 2007 drilling campaign was aimed at extending the known distribution of the QFP and its associated mineralized wall rock. The planned drill holes and prospecting were successful in extending the known extent of the QFP both at depth and along strike. Drill holes GY07-15 and GY07-19 were drilled 120 m and 70 m respectively to the south of GY07-16 and GY07-18.
Hole 07GY-16 extended the known distribution of the QFP body to the northwest. The hole is characterized by widespread greenish mica-clay alteration, disseminated sulphides and significant but discontinuous clayey crush zones. A section of alternating altered porphyry and syenite/hornblendite containing abundant quartz-sulphide veinlets and abundant (2-10%) fine grained pyrite and arsenopyrite needles replacing the mafic minerals graded 8.03g/t gold over 19.05m, including an interval grading 15.45g/t over 9.3m.
Freegold Mountain Project
The Freegold 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 region is transected by the west-northwest trending Big Creek Fault, which provides the locus for an over 100 km long well-mineralized belt, with placer gold deposits, porphyry copper-gold, and gold veins and breccias bodies, extending from Mt. Freegold northwesterly to the Casino copper-gold porphyry deposit. The Freegold Project covers a 35 km strike extent of this belt.
The Freegold Mountain Project covers an area in excess of 64 square miles (166 square km) and several road accessible mineralized zones which include historical estimates not compliant with NI-43-101. Historical work on the Freegold Mountain property dating back to 1930 indicates that the property holds significant potential to host an intrusion related gold deposit or bulk-tonnage gold+/-copper porphyry style mineralization (ie Nucleus Zone) such as that seen 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. The Project also has potential to host other related deposit types such as intrusive hosted polymetallic vein systems (Tinta Hill), epithermal vein systems (Goldy) and skarn deposits (Margarete/Augusta), as well as other porphyry targets (Castle, Com, Nitro, Rage).
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 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 statement.
|
|
|
|
|
|
|
|
|
Northern Freegold Resources
|
|
EXPLORATION STAGE |
CODE : NFR.V |
ISIN : CA6651671027 |
|
| |
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 - STODDART ZONE, FREEGOLD MOUNTAIN - REVENUE ZONE, FREEGOLD MOUNTAIN - GOLDY 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 |
|
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... |
|
|