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Northern Freegold Resources

Publié le 02 juillet 2008

Drilling of Vein Extension Intersects 19.7 Feet of 4.08 g/t Gold and 25.46 g/t Silver at Burro Creek

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       NEWS RELEASE

Wednesday, July 02, 2008
Northern Freegold Drilling of Vein Extension Intersects 19.7 Feet of 4.08 g/t Gold and 25.46 g/t Silver at Burro Creek Gold/Silver Property, Arizona

Press Release #08-19


Vancouver, BC. July 2, 2008. Northern Freegold Resources Ltd. (NFR: TSX-V) is pleased to announce results from the final ten diamond drill holes at the Burro Creek Gold/Silver Property located in northwestern Arizona, U.S.A. The main focus of the drill program was 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 extensive epithermal vein system. The drill program was completed April 11, 2008 with 33 holes, totaling 8,414 feet (2,565 m) drilled along the vein system.

Burro Creek Property Highlights
  • Hole BC08-047 intersects 19.7 feet of 4.08 g/t gold and 25.46 g/t silver within vein extension 500 feet to the northwest of previous drilling and historical resources
  • Sampling of historic adit excavated into the vein near holes BC08-028 & 29 returns 12.01 feet of 8.78 g/t gold and 152.25 g/t silver including 3.00 feet of 20.90 g/t gold and 428.00 g/t silver
  • 1 mile known strike length of vein system up to 150 feet wide, open in both directions and to depth
  • Portion of vein 1,000 feet long and 750 feet deep was fully permitted for open pit mining operations in mid 1980s
  • Excellent infrastructure with Arizona State Highway 93, parallel high tension powerlines within 1.6 km of deposit; water rights secured on the property
Bill Harris, CEO commented "The results from the Burro Creek drill program confirm historical results and reflect Northern Freegold's goal of developing resources and building reserves. The program was also successful in indicating the potential to expand resources within the vein system along strike, as well as the potential for portions of the Burro vein system to return bonanza grade gold values. Northern Freegold will be evaluating the results and program at Burro Creek, to determine the next step for the Burro Creek property."

Burro Creek Drill Results Holes BC08-46 to 55 and Adit A3
Hole No. Length From To Thickness Thickness Au Au Ag Ag
m m m m feet g/tonne oz/ton g/tonne oz/ton
BC08-046 39.62 5.33 14.48 9.15 30.0 1.65 0.048 34.53 1.007
including 7.27 14.48 7.21 23.7 2.07 0.060 39.01 1.108
Including   7.27 9.97 2.70 8.9 2.42 0.071 43.35 1.264
BC08-047 74.37 25.03 25.91 0.88 2.9 0.31 0.009 92.00 2.683
And   50.40 56.39 5.99 19.7 4.08 0.119 25.46 0.743
Including   52.25 56.39 4.14 13.6 5.16 0.151 30.84 0.899
Including   52.25 53.34 1.09 3.6 4.12 0.120 55.76 1.626
BC08-048
45.72 24.38 30.82 6.44 21.1 0.71 0.021 64.93 1.894
Including   25.91 28.77 2.86 9.4 1.16 0.034 113.91 3.322
BC08-049 39.59 35.64 38.10 2.46 8.07 0.81 0.024 47.15 1.375
and   47.85 48.49 0.64 2.10 0.83 0.024 43.00 1.254
BC08-050 51.82 32.00 34.48 2.48 8.1 0.72 0.021 31.62 0.922
And   40.58 42.43 1.85 6.1 0.51 0.015 12.56 0.366
BC08-051 99.06 59.26 81.68 22.42 73.6 0.76 0.022 16.60 0.484
Including   60.96 66.75 5.79 19.0 1.53 0.045 30.50 0.890
BC08-052 103.63 48.17 84.67 36.50 119.8 0.26 0.008 32.25 0.941
Including   74.08 84.67 10.59 34.7 0.72 0.021 37.90 1.105
Including   74.08 77.40 3.32 10.9 0.78 0.023 90.29 2.633
Including   76.43 77.40 0.97 3.2 1.50 0.044 163.00 4.754
And   94.16 94.80 0.64 2.1 3.80 0.111 4.00 0.117
BC08-053 59.44 40.81 41.20 0.39 1.28 1.88 0.055 6.00 0.175
BC08-054 NSR - did not intersect vein
BC08-055 73.15 8.02 11.40 3.38 11.1 0.43 0.013 44.59 1.301
Including   10.53 11.40 0.87 2.9 0.78 0.023 24.00 0.700
And   68.19 69.32 1.13 3.7 1.14 0.033 13.00 0.379
BC08-A3
(adit channel sample)
6.41 2.75 6.41 3.66 12.01 8.78 0.256 152.25 4.441
Includes   4.58 6.41 1.83 6.00 16.83 0.491 234.50 6.840
Includes   4.58 5.49 0.92 3.00 20.90 0.610 428.00 12.483

Drilling Status

Holes BC 08-46 was drilled at an obtuse angle to the strike and dip of the vein, due to topographical constraints for pad location. The drilling confirmed mineralization within the vein at this location returning 23.7 feet (7.21 m) of 2.07 g/t gold and 39.01 g/t silver.

Holes BC08-047 to -052 were a series of holes drilled in a radial pattern from the same pad on a previously unexplored extension of the vein, on the north side of Burro Creek. The surface expression of the vein at this location was narrow, however the drilling intersected the vein in every hole, and showed that the vein is more extensive to depth. The results returned from these holes warrant additional exploration of the vein extension. Results from the vein intersections are outlined in the table above, as well as in the plan map and section, and can be seen at www.northernfreegold.com.

Nine adits, totaling approximately 1,066 feet (325 m) were driven on the main exposure of the Burro Vein, all prior to 1913. In 2008, channel chip sampling was completed on the west face every 3 feet (0.9 m) over 112 feet (34.1 m) perpendicular to the vein within historical adits 1 and 3. In 1984, historical adit 3 was sampled every 5 feet from 5 to 25 feet returning 4.97 g/t gold (0.145 oz/ton) and 12.0 g/t silver (0.35 oz/ton) (see NI 43-101 report referenced below). Channel chip sampling of the historical adit 3 in 2008 (BC08-A3) up dip from Holes BC08-028 and BC08-029 returned 12.01 feet of 8.78 g/t gold and 152.25 g/t silver.

The Burro Creek Property

The Burro Creek Property is located 1 mile (1.6 km) off State Highway 93 in Mohave County, Arizona, 65 miles (105 km) southeast of Kingman, Arizona, and 164 miles (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 mile (1.7 km) and exhibits widths of up to 150 feet (45 m). 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 1,000 foot (300 m) 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. All samples from the channel chip sampling were also sent to ALS Chemex Laboratory. 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 has also revised its investor relations program. As of May 1st, 2008, this program includes the full time employment of Sarah Longhurst in the head office of Northern Freegold. Ms. Longhurst's salary is $5,400 per month and she will be granted 50,000 stock options set at $0.77, vesting over a two year period and expiring in three years. Northern Freegold has additionally revised its contract with BMK Communications Inc. with an adjusted monthly retainer of $1,000. Ms. Longhurst holds an MBA and brings over 10 years of communications and marketing experience to the company. She will focus on raising market awareness and providing a conduit between management and its shareholder base. In addition, Northern Freegold has granted incentive stock options to employees and consultants of the company for the purchase of a total of 155,000 shares at an exercise price of $0.77 per share, expiring July 1, 2011.

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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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 - STODDART ZONE, FREEGOLD MOUNTAIN - REVENUE ZONE, FREEGOLD MOUNTAIN - GOLDY 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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