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Northern Freegold Resources

Publié le 19 juin 2009

Commences 12,000 m Drill Program

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Mots clés associés :   Canada | Capstone | Copper | Precious Metals | Zinc |
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Press Release
June 18, 2009
NFR: TSX..V
PR #09-11
 

Northern Freegold Commences 12,000 m Diamond Drill Program

at Nucleus Zone at Freegold Mountain Project, Yukon

 

Vancouver, BC: June 18, 2009.  Northern Freegold Resources Ltd. (NFR: TSX-V) is pleased to announce drilling commenced May 31, 2009 at the Nucleus Zone on the district scale 166 sq km Freegold Mountain Project in the Yukon Territory. A second drill rig was added on June 14, 2009.    A minimum of 12,000 metres of diamond drilling is planned for 2009. Since 2006 NFR has drilled 106 holes, totaling 24,416 m on the Nucleus Zone and at the time of this release, 7 drill holes totaling 1,380 m have been completed in 2009. A NI 43-101 compliant resource calculation on the Nucleus Zone is still on schedule to be released within two weeks.

In 2008, a 53 hole 13,287 m drill program in the Nucleus Zone identified high grade gold mineralized zones over a 750 m strike area from east to west, including  hole GRD08-099 which intersected 1.27 m  of 410.00 g/t gold within 9.36 m of 70.19 g/t  gold (7.67 m true width) in a gold-rich�copper skarn (see press release dated January 14, 2009). This high grade mineralization occurs within the low grade, bulk tonnage, near surface gold initially targeted at Nucleus and remains open in both directions and to depth. Selective highlights from the 2008 drilling at Nucleus are included below:

  Hole GRD08-068 intersected 37.80 m of 10.41 g/t gold including  3.25 m of 100.69 g/t gold.

  Hole GRD08-073 intersected 46.96 m of 14.51 g/t  gold  including 1.23 m of 92.74 g/t gold.

  Hole GRD08-099 intersected 9.36 m of 70.19 g/t  gold including 1.27 m of 410.00 g/t gold.

  Hole GRD08-114 intersected 4.0 m of 68.95 g/t gold including  0.96 m of 256.00 g/t gold.

  Hole GRD08-113 intersected 3.60 m of 55.27 g/t  gold including 0.73 m of 142.00 g/t gold.

 

Geological modeling for the Nucleus Zone over the winter months has provided a significantly different model than previously interpreted and the current drilling will use this current model to focus on following up on this high grade mineralization, as well as to further define the low grade bulk tonnage potential.

 

Bill Harris, CEO & COO commented "With $11 million in working capital, NFR is well financed to continue exploration and building resources at the Freegold Mountain Project.    We  look forward to another exciting season including the current 12,000 m drill program focused on following up and expanding both the high grade and bulk tonnage resource potential within the Nucleus Zone as well as geological reconnaissance to understand the mineralized system between the Nucleus and Revenue Zones."


A project scale field geological reconnaissance exploration program is also currently underway on the Freegold Mountain Project. Three geological teams are conducting geological mapping, re-logging  historic drill holes, trenching, soil sampling and stream sediment sampling, focused initially on the 4 km area encompassing the Nucleus and Revenue Zones. Incorporation of the data generated from the reconnaissance program with existing geophysical, geological and geochemical data will be used to advance the understanding of the geological and petrogenetic model at Nucleus and Revenue, as well as assist in refining drill targets in different areas of the district scale Freegold Mountain Project..

The company also recently completed 8.18 line kilometers of a horizontal loop electromagnetic (HLEM) geophysical survey over the Nucleus Zone. Preliminary results (dated June 05, 2009) from the HLEM survey indicate several anomalies, including anomalies coincident with the known high grade skarn mineralization. Additional geophysics may be conducted during the 2009 exploration season depending on the final interpretation of the survey data.

 

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.

 

Nucleus Zone

The Nucleus Zone is located in the western portion of the Freegold Mountain Project. A total of 106 holes have been drilled in the Nucleus Zone since 2006 (24,416 m). 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.


Mineralization was encountered in all of the step out holes drilled on the west side of the Nucleus Zone. Mineralization in this area occurs as gold-bearing sulphide-rich veins/veinlets. This drilling combined with historical drilling and step-out drilling to the east have extended the mineralized zones up to 750 m long from east to west, and the mineralized zones remain open in both directions.


 

Freegold Mountain Project

 

The road accessible Freegold Mountain Project is situated within an active exploration and mining area in the Tintina Gold Belt of the Yukon which includes the producing Minto Mine of Capstone Mining Corp. to the north, Casino Deposit and Carmacks Copper Deposit of Western Copper Corporation to the west and east, and the White Gold Property of Underworld Resources to the northwest. 

 

The Freegold Mountain Project is a district scale Project 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 NI 43-101 resource calculations will be released within 2 weeks (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 Western Copper's 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.

 

A total of 3,896 m of diamond drilling was completed in 17 holes in the Tinta Zone in 2008. Drilling on the Tinta Vein system increased NFR's understanding of the vein's location and appearance at depth, confirming the presence of parallel veins and splay veins and providing more evidence of multiple episodes of mineralization. The vein system is 1250 m long, the main vein is 1.6 m wide on average (though it pinches and swells vertically and horizontally) and drilling has shown it continues to a depth of at least 350 m. A NI 43-101 compliant resource is being calculated on the Tinta Zone and will be released within two weeks.


In the central part of the Freegold Mountain Project, 27 holes, or 5,147 m of diamond drilling were completed in the Goldy, Ridge and Stoddart Zones in 2008. Two previously undrilled zones (Stoddart and Ridge) gave encouraging results. The Ridge Zone was drilled over a 250 metre strike length, with 8 of 9 holes returning good grades of gold, silver, copper, lead and zinc. A new interpretation of the Goldy Zone following a deep intersection of a new target has shifted our understanding and uncovered the potential for a sizeable mineralized system.




The central part of the Freegold Mountain Project is an area rich in mineral occurrences, many of them high grade. This area also has the highest concentration of placer mines on the Freegold Project. Metal zoning and the orientation of mineralization in the central part of the Freegold project suggest a larger mineralizing system. Many small, historical gold showings are located between Stoddart and Goldy. Surrounding them are the multi metal-bearing targets of Ridge, Stoddart and Tinta. The most common strike directions for the showings are northwest (parallel to the Big Creek Fault) and north.


The technical information disclosed in this release has been reviewed and approved by Dr. Fabrizio Colombo, P.Geo.


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 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.


For further information, please contact Debbie James, Investor Relations/Geologist  at 877.893.8757 or 604.893.8757.

 

Northern Freegold Resources     TSX.V: NFR

900-475 Howe St.

Vancouver, BC V6C 2B3

http://www.northernfreegold.com/

 

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Northern Freegold Resources | 900-475 Howe St | Vancouver | British Columbia | V6C 2B3 | Canada
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Northern Freegold Resources

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CODE : NFR.V
ISIN : CA6651671027
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Northern Freegold est une société d’exploration minière d'or basée au Canada.

Northern Freegold détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont SEVERANCE, TAD / TORO, FREEGOLD MOUNTAIN - GOLDY ZONE, FREEGOLD MOUNTAIN - STODDART ZONE, FREEGOLD MOUNTAIN - REVENUE ZONE, BURRO CREEK, FREEGOLD MOUNTAIN - NUCLEUS et FREEGOLD MOUNTAIN -TINTA HILL au Canada.

Northern Freegold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 13,4 millions CA$ (10,2 millions US$, 9,5 millions €).

La valeur de son action a atteint son plus haut niveau récent le 05 novembre 2010 à 4,20 CA$, et son plus bas niveau récent le 05 février 2016 à 0,04 CA$.

Northern Freegold possède 47 050 000 actions en circulation.

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Présentations des Compagnies de Northern Freegold Resources
30/03/2007Letter of Intent to Acquire Arizona Gold/Silver Property
Rapports annuels de Northern Freegold Resources
2008 Annual Report
2007 Annual Report
2006 Annual Reprot
Financements de Northern Freegold Resources
23/04/2013PR#13-06: Northern Freegold Announces Closing of Final Tranc...
03/04/2013PR#13-03: Northern Freegold Announces Private Placement
03/09/2012PR # 12-13: Northern Freegold Announces Closing of Expedited...
25/04/2012PR #12-09 Northern Freegold Announces Amended Terms for Brok...
02/12/2011Closes Private Placement
20/07/2011Closes First Tranche of Financing for $6 million
16/05/2011Announces $8M Private Placement
17/06/2009Completes $5,000,000 Bought Deal
28/05/2009Announces C$4,000,000 Bought Deal Equity Financing
22/12/2008Announces Flow-Through Financing
05/11/2008Announces Flow-Through Financing
Attributions d'options de Northern Freegold Resources
19/08/2013PR#13-10: Northern Freegold Adopts Advance Notice Policy, Re...
Nominations de Northern Freegold Resources
10/02/2009Appoints New Board Member to Further Develop Growth Plans
Projets de Northern Freegold Resources
27/02/2014PR#14-03 Northern Freegold Reviews 2013 Exploration Results ...
29/01/2014PR#14-02 Northern Freegold Announces Additional Exploration ...
20/01/2014PR#14-01 Northern Freegold Announces Exploration Results fro...
26/06/2013PR#13-07: Northern Freegold Announces 2013 Exploration Plan ...
09/05/2013Join Northern Freegold Resources at the Metals & Minerals In...
08/11/2012Jay Taylor Comments on Northern Freegold Resources Ltd.
04/06/2012PR #12-12 Northern Freegold Commences Drilling at Freegold M...
27/02/2012Commences Metallurgical Testing at Freegold Mountain, Yukon
18/01/2012Announces First Resource at Revenue Zone at Freegold Mountai...
11/01/2012Summarizes 2011 Exploration Program at the Freegold Mountain...
22/09/2011Intersects 304.8 Metres Averaging 0.47 g/t Au, 3.68 g/t Ag, ...
17/09/2011President of Northern Freegold Resources Steps Down
27/02/2011(Freegold Mountain - Revenue Zone)Identifies Initial Target Deposit at Revenue Zone, Freegold ...
22/02/2011(Freegold Mountain - Nucleus)Announces Updated NI 43-101 Resource Estimate for Nucleus, F...
11/05/2010(Freegold Mountain - Goldy Zone)Initiates Resource Expansion Program on Major Gold and Coppe...
29/04/2010Files Nucleus Deposit NI 43-101 Compliant Technical Report
10/02/2010(Freegold Mountain - Nucleus)Metallurgical Tests Show Excellent Gold Recoveries at Nucleu...
18/01/2010(Freegold Mountain - Goldy Zone)Increases Land Package at Freegold Mountain
03/12/2009(Freegold Mountain - Nucleus)extends gold mineralization to the southwest at Nucleus Zone
19/11/2009(Freegold Mountain - Nucleus) Intersects 9.68 g/t Gold over 4.47 m in Step-Out to Southwe...
22/10/2009(Freegold Mountain - Nucleus)extends gold mineralization at Nucleus Zone
10/08/2009(Freegold Mountain - Nucleus)President's Message from Northern Freegold Resources
27/07/2009(Freegold Mountain - Nucleus)Initial One Million Ounce Resource at Nucleus Zone
26/01/2009(Freegold Mountain - Nucleus)Intersects 4.00 metres of 68.95 g/t Gold
27/01/2009(Freegold Mountain - Nucleus)Freegold Intersects 4.00 Metres of 68.95 g/t Gold Including ...
14/01/2009(Freegold Mountain - Nucleus)Intersects 1.27 metres of 410.00 g/t Gold
01/12/2008CORRECTION News Release: Northern Freegold Drilling Intersec...
25/09/2008(Freegold Mountain - Nucleus)Drilling Intersects 1.75 m of 21.18 g/t Gold
29/07/2008(Freegold Mountain - Nucleus)Intersects 1.23 Metres of 92.74 g/t Gold within 46.96 Metres...
02/07/2008(Burro Creek)Drilling of Vein Extension Intersects 19.7 Feet of 4.08 g/t ...
09/06/2008(Freegold Mountain - Nucleus)Intersects 3.25 Metres of 100.69 g/t Gold within 37.80 Metre...
05/06/2008(Burro Creek)Intersects 168.3 Feet of 0.94 g/t Gold and 56.10 g/t Silver ...
04/06/2008(Freegold Mountain - Nucleus)Initiates Fourth Drill in 25,000 m Diamond Drill Program at ...
20/05/2008Intersects 3.4 Feet of 31.80 g/t Gold and 759.00 g/t Silver ...
24/04/2008(Freegold Mountain - Nucleus) Commences 25,000 m Diamond Drill Program at Freegold Mounta...
23/04/2008(Burro Creek)Intersects 2.6 Feet Of 38.50 G/T Gold Within 69.0 Feet Of 2....
26/03/2008(Burro Creek) Intersects 117.10 Feet of 1.11 g/t Gold and 30.25 g/t Silve...
25/02/2008(Freegold Mountain - Nucleus)Discovers New Mineralized Porphyry Body at Freegold Mountain...
08/02/2008(Burro Creek)Completes Initial Holes of 3,000 m Drill Program at Burro Cr...
23/01/2008Receives Approval for Acquisition of Severance Property in D...
22/01/2008(Tad / Toro)Receives Approval for Acquisition of Tad/Toro Property in Da...
21/01/2008(Burro Creek) Commences 3,000 m drill program at Burro Creek Gold/Silver ...
06/12/2007Step Out Drilling - Intersects 75 m of 4.26 g/t Gold in Nucl...
08/11/2007New High Grade Zone Returns 5.6 feet of 0.52 oz/t Gold, 9.53...
24/10/2007Drill Hole in Nucleus Zone Steps Out 50 m and Returns Longes...
24/07/2007Diamond Drilling in Tinta Zone Extends Vein System Down Dip ...
19/07/2007First 2007 Diamond Drill Hole in Nucleus Zone Steps Out 50 m...
07/04/2006(Severance)2006 Technical report
Communiqués de Presse de Northern Freegold Resources
07/07/2016Northern Freegold Begins It's 2016 Yukon Exploration Program...
05/04/2016NORTHERN FREEGOLD COMPLETES PRIVATE PLACEMENT
04/04/2016NORTHERN FREEGOLD ARRANGES PRIVATE PLACEMENT
26/03/2015Northern Freegold Announces Updated NI 43-101 Resource Estim...
26/02/2015Yukon Ranks 1st in Mineral Potential and 9th Overall in the ...
02/02/2015Northern Freegold Closes Financing
16/01/2015Northern Freegold Announces Private Placement
17/12/2014Northern Freegold Reports Technical Disclosure Review
18/11/2014Northern Freegold Resources Ltd. Irene Trench Results Return...
30/10/2014Northern Freegold Resources Ltd. Management Appointments
19/06/2014Northern Freegold Announces 2014 Exploration at Freegold Mou...
05/05/2014Northern Freegold Appoints John Zbeetnoff to its Advisory Bo...
01/04/2014Northern Freegold Appoints Dennis Moore to its Advisory Boar...
18/11/2013PR#13-13 Northern Freegold Announces Approval of All Resolut...
14/11/2013Presents at 2013 Yukon Geoscience Forum, Whitehorse, Yukon, ...
06/11/2013PR#13-12 Northern Freegold Announces New Gold Discovery, Fre...
18/10/2013Presents at YGMA USA Roadshow Oct 21-25, 2013
08/10/2013(Burro Creek)New Northern Freegold Burro Creek Presentation Posted on Web...
09/07/2013(Burro Creek)PR#13-08: Northern Freegold Provides Update on Exploration P...
11/04/2013PR#13-05: Northern Freegold Announces Increase in Private Pl...
05/04/2013PR#13-04: Northern Freegold Closes First Tranche of Financin...
20/02/2013Preliminary Economic Assessment of Northern Freegold's Nucle...
31/01/2013Michael Fowler Comments on Northern Freegold
14/01/2013in the Media
09/01/2013PR#13-01: Northern Freegold Announces Updated NI 43-101 Reso...
09/01/2013Announces Updated NI 43-101 Resource Estimate for Nucleus De...
29/10/2012-Key Upcoming Milestones for the Freegold Mountain Project
10/10/2012PR#12-16 Northern Freegold Extends the Nucleus Gold Deposit
10/10/2012Extends the Nucleus Gold Deposit
19/09/2012Preliminary Metallurgical Results from Nucleus Gold Deposit ...
12/09/2012Preliminary Metallurgical Results from Revenue Cu-Au-Mo Zone...
26/06/2012Ian Gordon Comments on Northern Freegold
20/06/2012President's Letter
18/05/2012PR #12-11 Northern Freegold Appoints Paul Reynolds Vice Pres...
11/05/2012PR #12-10 Northern Freegold Announces Closing of Brokered Pr...
05/04/2012PR #12 - 08 Northern Freegold Adopts Shareholders Rights Pla...
02/04/2012PR #12 - 07 Northern Freegold Scheduled to Begin 25,000 Mete...
22/03/2012Corporate Update Spring 2012
07/02/2012Announces Listing on the OTCQX
29/12/2011Announces Final Drill Results from the 2011 Drill Program at...
10/05/2011Announces Management and Board Changes Mobilization Underway...
08/07/2010Adds Second Drill Ahead of Schedule
19/05/2010President's Message, May 2010
14/04/2010NFR & the Yukon Gold Mining Alliance Forums
05/03/2010Increases Gold Grade and Ounces at Freegold Mountain Project
11/02/2010Invests in Business with Yukon First Nations Project 2010 Te...
14/01/2010Announces Management Transition
14/01/2010NFR provides update on successful 2009 Program at Nucleus Zo...
24/11/2009Whitehorse Open House Westmark Hotel Wednesday, November 25 ...
18/11/2009President's Message from Northern Freegold Resources
05/11/2009executes option agreement for Tad/Toro
27/08/2009Stakes Additional Ground in Dawson Range Mining Camp, Yukon
13/08/2009drills 25 m of 2.45 g/t gold at Nucleus Zone
19/06/2009Completes $3,000,000 Financing
19/06/2009Commences 12,000 m Drill Program
27/02/2009 Investor Update February 2009
12/02/2009Gold Assay Value Increases to 206.50 g/t Gold over 1.24 metr...
30/12/2008Closes Financing of $475,300
01/12/2008Extends Warrant Expiry Dates
13/11/2008Extends Warrant Expiry Dates
10/11/2008Closes Financing of $1.8 Million
23/09/2008What NFR did during your summer vacation
21/05/2008Commences Drilling in Goldy Zone to follow up on 9.3 m of 15...
21/02/2008Confirms Extension of Warrant Expiry Dates
19/12/2007 Closes Financing of $4.334 Million
04/12/2007 Closes Financing of $7.147 Million
23/11/2007Investor Relations Update
22/11/2007 Receives Approval for Acquisition of Nit Property in Dawson...
15/11/2007Drilling Discovers 15.45 g/t Gold over 9.3 metres in Goldy Z...
24/10/2007Receives Approval For Acquisition Of 100% Interest In Nucleu...
11/10/2007Receives Approval for Acquisition of Burro Creek Gold/Silver...
01/10/2007Diamond Drill Program at Freegold Mountain Passes 11,000 Met...
10/09/2007Acquires Additional Property in Dawson Range Gold Belt, Yuko...
10/09/2007Additional Diamond Drill Results in Tinta Zone Confirm Exten...
23/08/2007Acquires 100% Interest in Golden Revenue, Nitro and Sey Prop...
28/06/2007Three Drills in Operation in Three Zones at Freegold Mountai...
08/06/2007Completes First Hole of 15,000 m Diamond Drill Program at Fr...
22/05/2007Announces Financing
10/05/2007Acquires Burro Creek Gold/Silver Property, Arizona
07/05/2007Commences 15,000 m Diamond Drill Program at Freegold Mountai...
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