Gold Assay Value Increases to 206.50
g/t Gold over 1.24 metres
from 20.65 g/t Gold
After Assay Lab Corrects
Typographical Error on Certificate
Corrected Interval Equates to 14.51
g/t Gold over 46.96 metres
Vancouver,
BC: February 12, 2009.� Northern
Freegold Resources Ltd. (NFR: TSX-V) announces that due to a typographical
correction from the lab for assay certificate AW2008-8069, the company is pleased to announce that the gold assay result from previously
released drill hole GRD08-073 encompassing the interval from 143.84 m to
145.08 m (1.24 m) has been corrected to 206.50 g/t gold from 20.65 g/t
gold (see table in press
release dated July 29th, 2008). This correction has resulted in Hole GRD08-073 returning 46.96
m of 14.51 g/t gold instead of 46.96 m of 9.60 g/t gold (as previously announced prior to
notification from the lab of this typographical error; see press release
dated July 29th, 2008). �
Revised Highlights of Hole GRD08-73 (in bold)
Hole No.
|
Length (m)
|
From (m)
|
To
(m)
|
Interval (m)
|
Interval (feet)
|
Au
(g/tonne)
|
Au (oz/ton)
|
Cu
ppm
|
Cu
%
|
GRD08-073
|
234.08
|
102.40
|
149.36
|
46.96
|
154.07
|
14.51
|
0.42
|
2172
|
0.22
|
Including
|
|
102.40
|
131.89
|
29.49
|
96.75
|
14.26
|
0.42
|
2941
|
0.29
|
Including
|
|
102.40
|
115.11
|
12.71
|
41.70
|
20.91
|
0.61
|
1762
|
0.18
|
Including
|
|
102.40
|
103.63
|
1.23
|
4.04
|
92.74
|
2.70
|
2102
|
0.21
|
Including
|
|
110.49
|
111.80
|
1.31
|
4.30
|
42.15
|
1.23
|
3070
|
0.31
|
Including
|
|
114.48
|
115.11
|
0.63
|
2.07
|
105.79
|
3.09
|
2041
|
0.20
|
Including
|
|
124.13
|
127.58
|
3.45
|
11.32
|
33.09
|
0.97
|
5906
|
0.59
|
Including
|
|
143.84
|
145.08
|
1.24
|
4.07
|
206.50
|
6.02
|
3488
|
0.35
|
Hole
GRD08-073 is one of 53 drill holes the company completed during the 2008
exploration program� in the Nucleus
Zone at the district scale 166 sq km (64 sq mile) Freegold Mountain
Project in the Yukon Territory. Step out holes focusing in the
vicinity of the higher grade trend of the Nucleus Zone indicate the
presence of gold-rich (abundant visible gold in some samples) sulphide
lenses in addition to hydrothermal vein style mineralization. The high
grade lenses returned:
� 2.00 m
of 45.25 g/t gold within 72.35 m of 2.50 g/t gold (see
press release dated July 19, 2007)
� 1.90 m of 86.71 g/t gold within 74.97
m of 4.26 g/t gold (see press release dated Dec. 6, 2007)
� 3.25 m
of 100.69 g/t gold within 37.80 m of 10.41 g/t gold (see
press release dated June 9, 2008)
� 1.27 m
of 410.00 g/t gold within 9.36 m of 70.19 g/t gold (see
press release dated Jan.14, 2009)
� 0.96 m
of 256.00 g/t gold within 4.00 m of 68.95 g/t gold (see
press release dated Jan.26, 2009)
Bill Harris, CEO & COO
commented "Although the company has been extremely pleased
with the results to date, this correction of a gold interval to ten times
the original value definitely reinforces the high grade trend that exists
in this area of the Nucleus zone. Also, the high grade interval of 46.96
m in GRD08-073 of 14.51 g/t gold instead of 9.60 g/t gold represents a 51
% increase in the gold content within this interval, which is very
exciting."
Drill sections and a 3D
visualization can be viewed at www.corebox.net or by following a link on
the Company's website at www.northernfreegold.com.
The
Nucleus Zone was originally identified as a low grade bulk tonnage near
surface gold target. The majority of past exploration drilling focused on
targeting the low grade bulk tonnage gold mineralization that appears to
be associated with north-south trending vein systems. High grade gold
bearing quartz + chalcopyrite � pyrite veins and gold bearing infill in
breccias, and gold-rich � copper skarns have now been also indentified in
a different orientation within the Nucleus zone area. Data generated from
oriented core analysis coupled with ongoing geological modeling of the
Nucleus zone has revealed that the gold-rich � copper skarns encountered
to date appear to follow the east-west orientation of the foliation
within the metasediments and that a set of gold bearing quartz +
chalcopyrite � pyrite veins also trend east-west, in addition to the
previously targeted north-south trending vein systems.
�
Modeling of the geology and the petrogenesis of the mineralization is in
process. A NI 43-101 compliant resource will be calculated on the Nucleus
Zone in 2009 once all the results are received and interpreted. The new
geological model will help define targets to expand mineralization which
is open in all directions and to depth.
Results
are still pending for twelve drill holes in the Nucleus zone.
Freegold Mountain Project
The
Freegold Mountain Project is a road accessible district scale property
that covers 166 square km (64 square miles). Within the project expanse
are at least 20 known mineralized zones, some with historical resource
estimates (not compliant with NI 43-101). Northern Freegold has been
actively drilling on five of those zones (2% of the total project area),
two of which to calculate NI 43-101 resource calculations at the end of
the 2008 program (Nucleus and Tinta), and 3 of which are still at an
exploration stage (Goldy, Stoddart, Ridge).
The district scale Freegold Mountain Project is situated within the
Dawson Range portion of the Tintina Gold Belt, characterized by plutonic
rocks of the ca 100 million year old Cretaceous Dawson Range Batholith
and Early Jurassic metaplutonic rocks, intruding Devono-Mississippian
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. The Freegold Mountain Project covers a 35 km long section of
this belt.
Tinta Zone
The Tinta
Zone, located 22 km to the east from the Nucleus Zone, is a high grade
gold-silver-copper polymetallic vein system. The 2008 program was focused
on drilling the vein system such that a NI 43-101 compliant resource may
be calculated at the Tinta Zone, upon receipt of results. A total of 17
holes totaling 3,807 m (12,487 feet) have been drilled. Results
are pending on all 17 holes.
Stoddart Zone
The
Stoddart Zone is located 8 km from the Nucleus Zone. Two holes, testing a
soil geochemical anomaly, drilled at the end of the 2007 program
intersected porphyry style mineralization at the Stoddart Zone. A total
of 10 holes totaling 2560 m (8,397 feet) have been drilled in 2008 to
expand upon the 2007 discovery of porphyry mineralization. Results
are pending on all 10 holes.
Quality Control and Assurance. The holes were drilled by
a skid mounted diamond drill with NTW core size (5.6 cm/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.
To
determine Au levels at the ppb level (detection limit 5-1000 ppb) 30 g
samples are fire assayed then digested in aqua regia solution and analyzed
by atomic absorption. Over-limit values are re-assayed by fire assay and
then digested with aqua regia and then re-analyzed by an atomic
absorption instrument (detection limit 0.03 g/t). Other elements are
analyzed by a 29 elements package (ICP-AES analysis). EcoTech has
verified there are no other typographical errors with respect to the
Freegold Mountain assays.�
Additional check-analyses will be carried out by ALS-Chemex in
North Vancouver.
Intervals
reported in this release do not necessarily represent true widths of
mineralization.
The technical information disclosed in this release has been reviewed and
approved by Dr. Fabrizio Colombo, P.Geo.
Northern Freegold is a rapidly advancing Canadian-based precious metals
exploration and development company, which brings local 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.
�
Northern Freegold Resources Ltd.
�On behalf of the Board of
Directors
Signed "Susan P. 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.
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