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Northern Freegold Resources

Publié le 19 novembre 2009

Intersects 9.68 g/t Gold over 4.47 m in Step-Out to Southwest at Nucleus

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Press Release

November 19, 2009

NFR: TSX.V 

PR #09-18

 

 

 

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 haspotential 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 of49.70 g/t gold

  Hole 113:3.60m of 55.27 g/t gold including 0.73 m of 142.00 g/t gold

  Hole128:1.31 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 orreserves, 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; andthe 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%

 

  
Drillhole map

 

 

 

 

 

 

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

www.northernfreegold.com 

 

 

Join Our Mailing List!

 

 

 

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

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
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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
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19/08/2013PR#13-10: Northern Freegold Adopts Advance Notice Policy, Re...
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29/01/2014PR#14-02 Northern Freegold Announces Additional Exploration ...
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26/06/2013PR#13-07: Northern Freegold Announces 2013 Exploration Plan ...
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08/11/2012Jay Taylor Comments on Northern Freegold Resources Ltd.
04/06/2012PR #12-12 Northern Freegold Commences Drilling at Freegold M...
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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...
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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...
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08/11/2007New High Grade Zone Returns 5.6 feet of 0.52 oz/t Gold, 9.53...
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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
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05/04/2016NORTHERN FREEGOLD COMPLETES PRIVATE PLACEMENT
04/04/2016NORTHERN FREEGOLD ARRANGES PRIVATE PLACEMENT
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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
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30/10/2014Northern Freegold Resources Ltd. Management Appointments
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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...
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18/10/2013Presents at YGMA USA Roadshow Oct 21-25, 2013
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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...
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29/10/2012-Key Upcoming Milestones for the Freegold Mountain Project
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20/06/2012President's Letter
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29/12/2011Announces Final Drill Results from the 2011 Drill Program at...
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08/07/2010Adds Second Drill Ahead of Schedule
19/05/2010President's Message, May 2010
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24/11/2009Whitehorse Open House Westmark Hotel Wednesday, November 25 ...
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19/06/2009Completes $3,000,000 Financing
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27/02/2009 Investor Update February 2009
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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
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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
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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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TSX-V (NFR.V)
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