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Northern Freegold
Extends Gold Mineralization
in Step-Out Drilling to the Southwest
�of the
Nucleus Zone at Freegold Mountain, Yukon�
Vancouver, BC:
December 3, 2009. Northern Freegold Resources Ltd. (NFR: TSX-V) is
pleased to provide results from 6 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.� The 6 holes fall within the large scale
northwest trending brittle shear zone, identified from the 2009 field
program, and first documented in the Nov. 19, 2009 release.
Highlights:
�
Highlights
from holes within this release include (see attached map):
� Hole 153: 3.74 m of 4.43 g/t gold including 0.37
m of 38.70 g/t gold; and 1.80 m of 11.30 g/t gold
� Hole 149: 12.84m of 0.81 g/t gold and 31.85m of
0.56 g/t gold
� Hole 150: 6.49 m of 1.47 g/t gold
�
These
holes were drilled in the same area of the brittle shear zone outlined in
the previous news release and continue to expand mineralization to the
south and southwest� of the Nucleus
�
The
northwest trending brittle shear zone, identified by integrating
historical geophysical surveys, geological mapping and diamond drilling,
is part of a large shear system within the Freegold
Mountain Project.�� The brittle
shear zone has the potential to host mineralization as seen by the
following significant results returned from earlier holes from 20082
and 20093 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 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
�
The
Nucleus zone remains open in all directions and at depth.
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 releases dated Oct. 22, 2009 and Nov. 19, 2009
Bill Harris, CEO & COO commented
"Management at Northern Freegold is very
pleased that the newly identified brittle shear zone located along the
south and southwest sides of the Nucleus deposit continues to return high
grade gold values as well as long intervals of lower grade mineralization.� Recognition
that the brittle shear zone may be part of a larger system at the Freegold Mountain Project is also key
in prioritizing drill targets for the 2010 program at Freegold
Mountain.� The brittle shear zone
represents a significant new target for resource expansion."
Complete results for the 6 holes are
presented in the tables at the end of this release.� The remaining 6 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
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 analysis, 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
also announces it has granted incentive stock options to directors,
employees and consultants of the company for the purchase of a total of
1,660,000 shares at an exercise price of $0.35 per share, expiring
December 4, 2012 and 2014.
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
statements. 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
|
%
|
|
GRD09-148
|
12.38
180/-50
|
not sampled, shut down because of
ground conditions
|
|
GRD09-149
|
300.23
|
0.00
|
36.58
|
36.58
|
120.01
|
0.47
|
0.014
|
**
|
|
and
|
0/-50�
|
81.65
|
94.49
|
12.84
|
42.13
|
0.81
|
0.023
|
**
|
|
including
|
|
86.26
|
89.05
|
2.79
|
9.15
|
1.90
|
0.055
|
.14
|
|
and
|
|
131.15
|
137.17
|
6.02
|
19.75
|
0.71
|
0.021
|
**
|
|
and
|
|
205.62
|
237.47
|
31.85
|
104.49
|
0.56
|
0.016
|
**
|
|
including
|
|
205.62
|
206.96
|
1.34
|
4.40
|
5.99
|
0.175
|
**
|
|
and
|
|
295.38
|
296.79
|
1.41
|
4.63
|
1.58
|
0.046
|
**
|
|
GRD09-150
|
298.71
|
124.20
|
130.69
|
6.49
|
21.29
|
1.47
|
0.043
|
**
|
|
including
|
0/-63�
|
127.01
|
130.69
|
3.68
|
12.07
|
2.19
|
0.064
|
**
|
|
and
|
|
142.89
|
143.82
|
0.93
|
3.05
|
1.47
|
0.043
|
**
|
|
and
|
|
208.86
|
209.51
|
0.65
|
2.13
|
2.19
|
0.064
|
.16
|
|
and
|
|
211.84
|
213.66
|
1.82
|
5.97
|
1.03
|
0.030
|
.23
|
|
|
and
|
|
256.85
|
265.45
|
8.60
|
28.22
|
0.91
|
0.027
|
**
|
|
|
including
|
|
262.28
|
265.45
|
3.17
|
10.40
|
1.97
|
0.057
|
.11
|
|
|
GRD09-151
|
240.80
|
10.90
|
13.10
|
2.20
|
7.22
|
2.01
|
0.059
|
**
|
|
|
and
|
0/-60
|
51.00
|
52.10
|
1.10
|
3.61
|
4.17
|
0.122
|
**
|
|
|
and
|
|
83.00
|
98.60
|
15.60
|
51.18
|
0.51
|
0.015
|
**
|
|
|
and
|
|
125.50
|
140.70
|
15.20
|
49.87
|
1.40
|
0.041
|
**
|
|
|
Including
|
|
135.20
|
137.20
|
2.00
|
6.56
|
8.00
|
0.233
|
**
|
|
|
GRD09-153
|
391.89
|
24.38
|
38.82
|
14.44
|
47.38
|
0.55
|
0.016
|
**
|
|
|
and
|
0/-50�
|
118.52
|
123.37
|
4.85
|
15.91
|
0.62
|
0.018
|
**
|
|
|
including
|
|
118.52
|
118.97
|
0.45
|
1.48
|
3.79
|
0.111
|
.29
|
|
|
and
|
|
306.26
|
316.42
|
10.16
|
33.33
|
0.83
|
0.024
|
**
|
|
|
including
|
|
308.13
|
311.44
|
3.31
|
10.86
|
1.79
|
0.052
|
.12
|
|
|
and
|
|
327.96
|
331.7
|
3.74
|
12.27
|
4.43
|
0.129
|
**
|
|
|
including
|
|
327.96
|
328.33
|
0.37
|
1.21
|
38.70
|
1.129
|
.38
|
|
|
and
|
|
352.57
|
353.84
|
1.27
|
4.17
|
1.01
|
0.029
|
**
|
|
|
and
|
|
368.30
|
370.10
|
1.80
|
5.91
|
11.30
|
0.330
|
.10
|
|
|
GRD09-156
|
105.16/0/-79
|
NSR
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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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%; NSR - No
significant results
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