| | Published : March 26th, 2008 | Intersects 117.10 Feet of 1.11 g/t Gold and 30.25 g/t Silver in Initial Drilling a |
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NEWS RELEASE |
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Wednesday, March 26, 2008 Northern Freegold Intersects 117.10 Feet of 1.11 g/t Gold and 30.25 g/t Silver in Initial Drilling at Burro Creek Gold/Silver Property, Arizona
Press Release #08-09
Vancouver, BC. March 26, 2008. Northern Freegold Resources Ltd. (NFR: TSX-V) is pleased to announce results from the first two drill holes at the Burro Creek Gold/Silver Property located in Mohave County, Arizona, U.S.A. The main focus of the drill program is to confirm and update historical results on an open pit type epithermal gold/silver mineralized zone on the property and to drill test areas on the property with potential to discover additional mineralization within the epithermal vein system. To date, a total of 24 holes, totaling 1,899 m (6,229 feet) have been drilled on the vein system. Additional results will be released, as they are received, compiled and interpreted.
Burro Creek Property Highlights
- First drill hole (BC08-23) intersects 47.60 metres (156.13 feet) of 0.85 g/t (0.025 oz/ton) gold and 51.30 g/t (1.496 oz/ton) silver including:
- 18.10 m (59.37 feet) of 1.49 g/t (0.043 oz/ton) gold and 16.20 g/t (0.472 oz/ton) silver
- Second drill hole (BC08-24) intersects 35.70 metres (117.10 feet) of 1.110 g/t (0.032 oz/ton) gold and 30.25 g/t (0.882 oz/ton) silver including:
- 14.44 m (47.36 feet) of 2.32 g/t (0.068 oz/ton) gold and 20.46 g/t (0.597 oz/ton) silver
- 1.7 km known strike length of vein system up to 45 metres (147.6 feet) wide, open in both directions and to depth
- Portion of vein 300 m (984 feet) long and 230 m (754.4 feet) deep was fully permitted for open pit mining operations in mid 1980s
- Excellent infrastructure with Arizona State Highway, parallel high tension powerlines within 1.6 km of deposit; water rights secured
Susan Craig, President commented "The drill program at Burro Creek reflects Northern Freegold's purpose of developing resources and building reserves. We are pleased that the initial results from Burro Creek confirm historical results from the property. Additional drill results from our current program, which is testing the vein along strike and to depth, will test the potential to expand the historical resources."
Drilling Status
BC08-023 was the first hole completed of the 2008 program, and was a vertical hole drilled to a depth of 91.13 meters (298.91 feet). BC08-023 confirmed the down dip extension of the Burro Vein in the northern portion of the central block zone. The hanging wall of the Burro Vein was intercepted at a depth of 22.30 meters (73.16 feet), and was identified by intense clay alteration and fault gouge. BC08-024 was collared in the same location as BC08-023, and intersected the Burro Vein up dip from BC08-023 at a depth of 14.85 meters (48.72 feet). The hanging wall of the vein was marked by the same intense clay gouge observed in BC08-023. Results from the vein intersections are outlined in the table below, as well as in the plan map and section, as can be seen at www. northernfreegold.com.
Burro Creek Drill Results Holes BC08-23 & 24
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Hole No. |
Length m |
From m |
To m |
Thickness m |
Thickness feet |
Au g/ton |
Au oz/ton |
Ag g/ton |
Ag oz/ton |
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BC08-023 |
91.13 |
22.30 |
79.85 |
57.55 |
188.76 |
0.72 |
0.021 |
42.83 |
1.249 |
Includes |
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22.30 |
69.90 |
47.60 |
156.13 |
0.85 |
0.025 |
51.30 |
1.496 |
Includes |
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22.30 |
51.90 |
29.60 |
97.09 |
0.47 |
0.014 |
73.21 |
2.135 |
Includes |
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50.90 |
69.00 |
18.10 |
59.37 |
1.49 |
0.043 |
16.20 |
0.472 |
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BC08-024 |
60.96 |
14.85 |
50.55 |
35.70 |
117.10 |
1.11 |
0.032 |
30.25 |
0.882 |
Includes |
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14.85 |
44.92 |
30.07 |
98.63 |
1.15 |
0.034 |
33.84 |
0.987 |
Includes |
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30.48 |
44.92 |
14.44 |
47.36 |
2.32 |
0.068 |
20.46 |
0.597 |
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The Burro Creek Property
The Burro Creek Property is located 1.6 km off State Highway 93 in Mohave County, Arizona, 105 km southeast of Kingman, Arizona, and 265 km southeast of Las Vegas, Nevada. The 3000 acre property consists of four patented mineral claims and 150 surrounding unpatented mineral claims.
The Property covers a low-sulphidation epithermal vein system that has been traced for over 1.7 km and exhibits widths of up to 45 metres. A NI 43-101 report dated July 17, 2007 entitled "Evaluation Report of the Burro Creek Project" has been completed by J. Pautler, P. Geo., an independent qualified person. Previous reverse circulation, Diamond drilling and underground development conducted on the property focused on a 300 metre strike length in the central block of the exposed vein system and outlined a historical gold and silver resource of 2.6 million tons with an average grade of 0.03 oz gold and 1.1 oz silver per ton. These historical results reported in the NI 43-101 report are considered by management to be reliable and relevant, though not conforming to current NI 43-101 standards.
The Property was fully permitted to commence production in the 1980s, but the production decision was deferred due to a decline in the gold price. At that time, the intent was to place the existing resource into production, and continue to expand the resource through exploration funded by the ensuing profits.
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 ALS Chemex Laboratory in Reno 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. Silver is analysed by aqua regia digestion and Atomic Emission Spectrometry (AES). Other elements are analysed by 28 element ICP analysis after aqua regia digestion. Additional check analyses and assays will be carried out by EcoTech Laboratories in Kamloops. 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 Susan P. Craig, P. Geo.
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 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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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 |
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11/8/2012 | Jay Taylor Comments on Northern Freegold Resources Ltd. |
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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 ... |
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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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