Northern Freegold
Intersects 9.68 g/t Gold over 4.47 m
�in Step-Out drilling to the Southwest
�in the Nucleus Zone at Freegold Mountain, Yukon�
Vancouver,
BC: November 19, 2009. Northern Freegold
Resources Ltd. (NFR: TSX-V) is
pleased to provide results from 10 additional drill holes in the Nucleus
Zone at the district scale road accessible Freegold
Mountain Project, located in the Yukon.�
In 2009, a total of 10,440 m were completed within 44 drill holes
in the Nucleus Zone, where an
initial inferred gold resource of 1.082 million ounces was announced1.� The Nucleus Zone is a bulk tonnage, potentially open-pittable
intrusion related gold mineralized system.
Highlights:
�
Highlights
from holes within this release include:
� Hole 144:� 4.47 m of 9.68 g/t gold and
17.10 m of 1.01 g/t gold
� Hole 147: 2.27 m of 10.05 g/t gold, 0.42 m of
51.40 g/t gold & 2.00m of 9.68 g/t gold
� Hole 152:� 2.00 m of 7.73 g/t gold
�
These
holes are part of a large scale target newly
identified in the southern portion of Nucleus Zone which has� potential for resource expansion (refer
to attached map)
�
Integration
of recent and historical geophysical surveys, geological mapping and
diamond drilling now indicates a large northwest trending brittle shear
zone, which is a potential host for mineralization
�
In
addition to the highlighted holes from above, earlier holes from 20082
and 20093 drilled within the brittle shear zone returned
significant results such as:
� Hole 111:� 7.90 m of 25.33 g/t gold and
2.55 m of� 49.70 g/t gold
� Hole 113:� 3.60� m of 55.27 g/t gold including 0.73 m of
142.00 g/t gold
� Hole� 128:� 1.31 m of
11.50 g/t gold and 25.38 m of 1.25 g/t gold
� Hole 137:� 6.13 m of 1.11 g/t gold and
55.67 m of 0.52 g/t gold
�
The
Nucleus zone remains open in all directions and at depth.
Bill Harris, CEO & COO commented
"We are pleased that the initial compilation of the technical�� work between the Nucleus and Revenue
Zones at Freegold Mountain has identified this
large scale new target for resource expansion.� Particularly of note, is the presence
of high grade intercepts within this new target area. The application of
this integrated technical approach to data analysis and understanding to
the other areas of the Freegold Mountain
Project is exciting and will lead to
prioritization of targets for the 2010 program at Freegold
Mountain."
1(67.67 million tonnes
@ 0.5 g/t gold with a 0.3 g/t cutoff; see news release dated July 27, 2009).
2 see news release dated March 26, 2009;� 3 see news release dated Oct. 22, 2009
Complete results for the 10 holes are
presented in the tables at the end of this release.� The remaining 14 holes will be released
as they are received, compiled and interpreted.� Drill sections and a 3D visualization
can be viewed at ww.corebox.net or by following a link on the company's
website at www.northernfreegold.com
Northern Freegold also announces it has accepted the
resignation of Corwin Coe, VP Exploration, as he pursues other
opportunities.� Susan Craig,
President commented "I would like to thank Corwin Coe for all of his
efforts and contributions to Northern Freegold,
and wish him continued success in future endeavors."
Sampling Methodology,
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). Core samples from diamond drilling were split and sent to both
EcoTech Laboratory in Whitehorse for sample
preparation and then to EcoTech Laboratory in
Kamloops for anlaysis, as well as to ALS Chemex Laboratory in North Vancouver for sample
preparation and analysis. Blanks, commercial standards and duplicate core
samples were included in each batch. To determine Au levels at the ppb
level (detection limit 5-1000 ppb (10,000 ppb at ALS)) 30 g samples were
fire assayed then digested in aqua regia
solution and analyzed by atomic absorption. Values over 1,000 ppb 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) at EcoTech, or re-assayed by fire
assay followed by a gravimetric finish at ALS. Other elements are
analyzed by a 29 elements� (33 at
ALS) package (ICP-AES analysis). Additional check-analyses are carried
out by the lab which did not receive the original sample. 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
Wade Barnes, P. Geo.
About the Freegold
Mountain Project
The road accessible Freegold Mountain Project is located 200 km northwest
of Whitehorse, the capital of the Yukon and is situated within an active
exploration and mining area called the Tintina
Gold Belt. NFR controls 166 square km (64 square miles) within the
district scale Freegold Mountain Project,
containing at least 20 identified mineralized zones, including the
Nucleus, Revenue and Tinta.� Nearby projects include the producing Minto Mine of Capstone Mining Corp. the Casino and Carmacks Copper Deposits of Western Copper
Corporation, and the White Gold Property of Underworld Resources to the
northwest.
The Freegold
Mountain Project is well situated within the stable, mining supportive
jurisdiction of the Yukon which has a single assessment approach for
developing projects The Freegold Mountain
Project is located within the traditional territories of two settled
First Nations: Little Salmon Carmacks First
Nation and the Selkirk First Nation.��
The Freegold
Mountain Project is located on the Freegold
Road, a government maintained gravel road that connects to the Klondike
Highway, an all weather paved highway leading to Whitehorse. Powerlines along the Klondike Highway are 30 km from
the Freegold Project boundary.
Other projects in the Tintina Gold Belt are the producing Fort Knox mine
operated by Kinross Gold and the recently discovered Livengood
Project of International Tower Hill Mines Ltd., both located in Alaska. The
open-pit Fort Knox mine contains proven and probable resources of 252.8
Mt at an average grade of 0.47 g/t gold as of December 31, 2008 (www.kinross.com).� These reserves and resources have not
been verified by the qualified person and the information is not
necessarily indicative of the mineralization at Freegold
Mountain.
Northern
Freegold is a well financed 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
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.�
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 statemenets. 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.
Cautionary Note Regarding
Reserve and Resource Estimates
This press release has been prepared in
accordance with the requirements of the securities laws in effect in
Canada, which differ from the requirements of U.S. securities laws. Unless
otherwise indicated, all resource and reserve estimates included in this
press release have been prepared in accordance with National Instrument
43-101 Standards of Disclosure for Mineral Projects ("NI
43-101") and the Canadian Institute of Mining and Metallurgy
Classification System. NI 43-101 is a rule developed by the Canadian
Securities Administrators which establishes standards for all public
disclosure an issuer makes of scientific and technical information
concerning mineral projects. Canadian standards, including NI 43-101,
differ significantly from the requirements of the United States
Securities and Exchange Commission ("SEC"), and resource and
reserve information contained herein may not be comparable to similar
information disclosed by U.S. companies. In particular, and without
limiting the generality of the foregoing, the term "resource"
does not equate to the term "reserves". Investors should also
understand that "inferred mineral resources" have a great
amount of uncertainty as to their existence and great uncertainty as to
their economic and legal feasibility. It cannot be assumed that all or
any part of an "inferred mineral resource" will ever be
upgraded to a higher category. The estimation of quantities of resources
and reserves is complex, based on significant subjective assumptions and
forward-looking information, including assumptions that arise from the
evaluation of geological, geophysical, engineering and economic data for
a given ore body. This data could change over time as a result of
numerous factors, including new information gained from development
activities, evolving production history and a reassessment of the
viability of production under different economic conditions. Changes in
data and/or assumptions could cause reserve estimates to substantially
change from period to period. No assurance can be given that the
indicated level of mineral will be produced. Actual production could
differ from expected production and an adverse change in mineral prices
could make a reserve uneconomic to mine. Variations could also occur in
actual ore grades and recovery rates from estimates.
Drill Hole Results
Hole No.
|
Length(m)
|
From
|
To
|
Interval
|
Interval
|
Au1
|
Au2
|
Cu3
|
Az (o)/Dip(o)
|
m
|
m
|
m
|
feet
|
g/tonne
|
oz/ton
|
%
|
GRD09-141
|
274.51
|
88.86
|
96.34
|
7.48
|
24.54
|
0.97
|
0.028
|
**
|
and
|
0/-50�
|
123.12
|
123.62
|
0.50
|
1.64
|
11.95
|
0.349
|
.16
|
and
|
|
160.85
|
161.20
|
0.35
|
1.15
|
2.77
|
0.081
|
**
|
and
|
|
228.94
|
230.05
|
1.11
|
3.64
|
2.15
|
0.063
|
**
|
GRD09-142
|
227.08
|
160.40
|
160.90
|
0.50
|
1.64
|
1.29
|
0.038
|
**
|
|
0/-50�
|
|
|
|
|
|
|
|
GRD09-144
|
270.67
|
66.80
|
83.02
|
16.22
|
53.22
|
2.96
|
0.086
|
**
|
including
|
180/-50
|
67.66
|
72.13
|
4.47
|
14.67
|
9.68
|
0.282
|
**
|
and
|
|
206.93
|
224.03
|
17.10
|
56.10
|
1.01
|
0.029
|
**
|
including
|
|
214.48
|
222.29
|
7.81
|
25.62
|
1.54
|
0.045
|
**
|
and
|
|
249.88
|
249.55
|
0.47
|
1.54
|
1.78
|
0.052
|
**
|
GRD09-147
|
303.28
|
7.22
|
9.49
|
2.27
|
7.45
|
10.05
|
0.293
|
**
|
|
and
|
0/-59
|
49.96
|
50.38
|
0.42
|
1.38
|
51.40
|
1.499
|
**
|
|
and
|
|
150.32
|
175.19
|
24.87
|
81.59
|
0.76
|
0.022
|
**
|
|
including
|
|
173.59
|
175.19
|
1.60
|
5.25
|
5.20
|
0.152
|
**
|
|
and
|
|
192.50
|
194.5
|
2.00
|
6.56
|
9.68
|
0.282
|
**
|
|
and
|
|
198.79
|
200.29
|
1.50
|
4.92
|
2.87
|
0.084
|
**
|
|
and
|
|
213.00
|
215.00
|
2.00
|
6.56
|
1.05
|
0.031
|
**
|
|
and
|
|
224.84
|
231.50
|
6.66
|
21.85
|
1.06
|
0.031
|
.23
|
|
GRD09-152
|
260.30/0/-50
|
6.00
|
8.00
|
2.00
|
6.56
|
7.73
|
0.225
|
**
|
|
GRD09-154
|
277.68
|
98.80
|
100.30
|
1.50
|
4.92
|
1.87
|
0.055
|
.15
|
|
and
|
0/-50
|
229.85
|
235.13
|
5.28
|
17.32
|
0.94
|
0.027
|
**
|
|
GRD09-155
|
39.62
|
32.67
|
33.16
|
0.49
|
1.61
|
2.38
|
0.069
|
**
|
|
and
|
180/-56
|
35.67
|
36.58
|
0.91
|
2.99
|
1.41
|
0.041
|
**
|
|
Hole
abandoned due to poor ground conditions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hole
No.
|
Length(m)
|
From
|
To
|
Interval
|
Interval
|
Au1
|
Au2
|
Cu3
|
Az (o)/Dip(o)
|
m
|
m
|
m
|
feet
|
g/tonne
|
oz/ton
|
%
|
GRD09-158
|
216.11
|
30.78
|
34.76
|
3.98
|
13.06
|
0.85
|
0.025
|
**
|
and
|
0/-50�
|
44.69
|
45.26
|
0.57
|
1.87
|
4.23
|
0.123
|
**
|
and
|
|
56.18
|
62.20
|
6.02
|
19.75
|
0.99
|
0.029
|
**
|
including
|
|
59.62
|
60.42
|
0.80
|
2.62
|
4.01
|
0.117
|
**
|
and
|
|
99.21
|
101.54
|
2.33
|
7.64
|
1.94
|
0.057
|
**
|
GRD09-161
|
224.34
|
98.96
|
99.33
|
0.37
|
1.21
|
1.43
|
0.042
|
**
|
and
|
0/-50�
|
138.15
|
142.89
|
4.74
|
15.55
|
0.62
|
0.018
|
**
|
and
|
|
189.22
|
193.36
|
4.14
|
13.58
|
1.79
|
0.052
|
**
|
and
|
|
222.50
|
223.54
|
1.04
|
3.41
|
1.22
|
0.036
|
**
|
GRD09-162
|
154.23
|
15.20
|
19.50
|
4.30
|
14.11
|
2.80
|
0.082
|
**
|
and
|
0/-55
|
30.50
|
31.10
|
0.60
|
1.97
|
8.91
|
0.260
|
**
|
including
|
|
73.40
|
75.40
|
2.00
|
6.56
|
2.26
|
0.066
|
**
|
and
|
|
144.60
|
154.23
|
9.63
|
31.59
|
0.84
|
0.025
|
**
|
including
|
|
145.10
|
147.10
|
2.00
|
6.56
|
1.70
|
0.050
|
**
|
GRD09-163
|
190.12/0/-50
|
184.30
|
184.80
|
0.50
|
1.64
|
1.60
|
0.047
|
.12
|
Results less than 2.5 g/t/m gold were not
reported in this table, unless the grade was > 1 g/t gold
1Au composite intervals were
calculated from Au ppb if Au values<1,000 ppb; if Au values were >
1,000 ppb
�� fire assay g/tonne values
were used;
�2Au oz/ton
values were converted by dividing Au g/tonne value by 34.2857
3Percent values were
calculated from ppm results; if Cu value was >10,000 ppm lab reported
% values were used;
** Cu values� <0.10%
|