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Northern Freegold Resources

Publié le 08 novembre 2007

New High Grade Zone Returns 5.6 feet of 0.52 oz/t Gold, 9.53 oz/t Silver, 2.82% Copper, 3.44% Lead a

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Mots clés associés :   Copper | Fort Knox | Knox | Zinc |


Thursday, November 08, 2007
New High Grade Zone Returns 5.6 feet of 0.52 oz/t Gold, 9.53 oz/t Silver, 2.82% Copper, 3.44% Lead and 1.57% Zinc at Freegold Mountain Project, Yukon

Press Release #07-27

Vancouver, BC, November 8, 2007. Northern Freegold Resources Ltd. (NFR: TSX-V) is pleased to announce a newly discovered zone (Ridge Zone) containing high grade gold-silver-copper-lead +/- zinc mineralization located in the central portion of the district scale Freegold Mountain Project, Yukon. Located roughly 8 km (5 miles) southeast of the Nucleus Zone, 11 km (7 miles) northwest of the Tinta Zone, and 1 km (0.6 miles) from the Stoddart Zone, the Ridge Zone was discovered following up on a historical gold-in-soil anomaly and recent sampling of float material grading up to 14.1% Cu. Trench 07R-01 exposed a 6.7 m (22.0 foot) wide shear zone with highlighted values shown in the table below.

Highlights from Trench 07R-01*:
Chip Sample Length
(true width)
(true width)
TR07R-01B 0.68 2.23 37.86 1.10 499.4 14.51 1.22 12.81 0.31
TR07R-01C 1.70 5.58 18.02 0.52 328.0 9.53 2.82 3.44 1.57
TR07R-01D 2.00 6.56 3.92 0.11 58.7 1.71 0.60 0.79 0.45
TR07R-01A &
6.70 21.98 3.77 0.11 59.8 1.74 0.59 0.59 0.29
G2420 Grab Grab 73.70 2.14 600.0 17.43 0.73 9.42 0.04
G2422 Grab Grab 70.30 2.04 840.0 2.44 1.12 20.10 0.18
*Complete results can be found in the Appendix at the end of this release - refer to plan map and photo of trench at www.northernfreegold.com
xcross-section of whole shear zone

Bill Harris, President & CEO commented "This new high grade showing highlights the excellent potential for new discoveries in under-explored parts of the property. The high grade values within and peripheral to the main shear zone are indicators of a strongly mineralized system that we see expressed throughout the district scale Freegold Mountain Project. These values are similar to those found at the Tinta Zone, a polymetallic vein system, which are often peripheral to, and found associated with, porphyry style mineralization. We are excited about the opportunity to continue exploration in this new zone and discover its relationship with nearby porphyry copper-molybdenum occurrences and other nearby high grade polymetallic showings."

Ridge Zone
Trenching was conducted to test the historical gold-in-soil anomaly, and to follow up on a float sample that ran 14.1% copper. Following excavation of the first trench (TR07R-01), other trenches were excavated along the projected strike extension of the shear zone, with trench TR07R-05 being located approximately 315 m (1,033 feet) from the first trench. The trenches were excavated to a maximum depth of 3 m (10 feet) and up to 40 m (131 feet) in length. Trenching in 07R-01 exposed fractured, altered and oxidized biotite granodiorite, with abundant azurite staining, black Cu-rich coating and local malachite and chrysocolla. This material is cross-cut by epithermal dolomite-quartz veining. All samples of the oxidized sheared intrusive rock were mineralized. Composite grab samples collected in Trench 07R-01 were followed up by a systematic program of mapping and chip sampling in TR07R-01, the highlights of which are on the table above.

Approximately 15 meters (49 feet) to the northwest of the shear zone in TR07R-01, a grab sample (G2419) of discrete clayey alteration zones on fractures in massive intrusive rock returned values of 16.90g/t Au, 140.0 g/t Ag, 0.43% Cu, 0.85% Pb and 0.42% Zn.

Two grab samples (G2411 and G2412) from TR07R-03 of azurite-stained biotite-rich intrusive rock were taken roughly 200 meters (660 feet) south of TR07R-01and returned values of 4.5% Cu and 10.4% Cu.

The Ridge Zone is in an area primarily underlain by mid Cretaceous granodiorite (Casino Granodiorite) that intrudes the Paleozoic or older basement metamorphic complex of the Yukon Tanana Terrane. The Ridge Zone is located within a biotite-rich granodiorite, at or near the contact between the Casino granodiorite and the later Bow Creek granite.

Northern Freegold's 2007 reconnaissance program was the first systematic exploration program on the central part of the Mount Freegold property since the late 1980's.

Freegold Mountain Project
The Freegold Project is situated within the Dawson Range portion of the Tintina Gold Belt, characterized by plutonic rocks of the 100 million year old Cretaceous Dawson Range Batholith and early Jurassic Klotassin Suite metaplutonic rocks intruding metavolcanic and metasedimentary rocks of the Yukon-Tanana Terrane. The region is transected by the west-northwest trending Big Creek Fault, which provides the locus for an over 100 km long well-mineralized belt, with placer gold deposits, porphyry copper-gold, and gold veins and breccias bodies, extending from Mt. Freegold northwesterly to the Casino copper-gold porphyry deposit. The Freegold Project covers a 30 km strike extent of this belt.

The Freegold Mountain Project covers an area in excess of 64 square miles (166 square km) and several road accessible mineralized zones which include historical estimates not compliant with NI-43-101. Historical work on the Freegold Mountain property dating back to 1930 indicates that the property holds significant potential to host an intrusion related gold deposit or bulk-tonnage gold+/-copper porphyry style mineralization (ie Nucleus Zone) such as that seen at Kinross Gold's Fort Knox deposit in Alaska which has produced more than 3 million ounces in the past 10 years and still has a resource of 2.7 million ounces of gold from proven and probable reserves of 159.7 million tonnes grading 0.53 g/t as at Dec. 31, 2006 (www.kinross.com). These reserves have not been verified by the qualified person and the information is not necessarily indicative of the mineralization at Freegold Mountain. The Project also has potential to host other related deposit types such as intrusive hosted polymetallic vein systems (Tinta Hill), epithermal vein systems (Goldy) and skarn deposits (Margarete/Augusta), as well as other porphyry targets (Castle, Com, Nitro, Rage).

Quality Control and Assurance
All samples were sent to EcoTech Laboratory in Whitehorse for sample preparation and then to EcoTech Laboratory in Kamloops for analysis. 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. Other elements are analysed by 28 element ICP analysis after aqua regia digestion. The Ecotech Laboratory in Kamloops is an ISO 9001 certified and accredited facility.

The program is under the direct supervision of Mr. Ron Robertson, P. Geol., hereby identified as the "Qualified Person" under the NI 43-101 requirements.

Northern Freegold is a 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 the Burro Creek Project in Arizona.

Northern Freegold Resources Ltd.

On behalf of the Board of Directors

Signed "Bill Harris"

William (Bill) G. Harris
President and Chief Executive Officer

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.

*Appendix - Complete Results
  Tag #   Sample Type App.
Au (ppb) Ag ppm Cu ppm Pb ppm Zn ppm
TRENCH 07R-01                
G2401 Chip A chip, S wall 0.5 0.35? 265 9.6 1119 2284 1749
G2402 chip, S wall 0.4 0.3 24.1 g/t 286 g/t 1.13% 2.01% 3870
G2403 chip, S wall 0.5 0.35 260 4.1 516 480 1409
G2404 chip, S wall 0.45 0.3 95 1.4 277 152 3614
G2405 chip, S wall 1.5 1.2 4.57 g/t 104 g/t 1.11% 1.10% 3884
G2406 chip, S wall   0.65 410 14.7 1404 814 1025
G2407 chip, S wall 0.45 0.4 10.7 g/t 148 g/t 2.30% 9052 3825
G2408 chip, S wall 1.9 1.5 55 1.4 451 172 731
Weighted Average TR07R-01A
(G2402 to G2408)
4.7 3.72 g/t 60.3 g/t 0.59% 0.51% 0.23%
Weighted Average TR07R-01A
(G2402 to G2407)
3.2 5.43 g/t 87.9 g/t 0.85% 0.74% 0.30%
G2409 Chip B chip, S wall 1.3 0.6 38.9 g/t 406 g/t 1.26% 10.10% 3380
G2410 chip,S wall 0.5 0.08 30.1 g/t 1200 g/t 9020 33.10% 796
Weighted Average TR07R-01B
(G2409 to G2410)
0.68 37.86 g/t 499.4 g/t 1.22% 12.81% 0.31%
G2413 Chip C chip, N wall 1.2 0.6 16.6 g/t 240 g/t 3.40% 1.34% 1.10%
G2414 chip, N wall 0.6 0.4 36.7 g/t 740 g/t 4376 10.20% 1800
G2415 chip, N wall 1.6 0.7 8.57 g/t 168 g/t 3.70% 1.38% 2.77%
G2416 chip, N wall 1 0.5 35 1.6 164 176 734
Weighted Average TR07R-01C
(G2413 to G2415)
1.7 18.02 g/t 328.0 g/t 2.82% 3.44% 1.57%
G2417 Chip D chip, S wall 0.35 0.1 27.6 g/t 260 g/t 1.26% 3.99% 7591
G2418 chip, S wall 4 1.9 2.67 g/t 48.1 g/t 5671 6264 4332
Weighted Average TR07R-01D
(G2417 to G2418)
2 3.92 g/t 58.7 g/t 0.60% 0.79% 0.45%
Weighted Average TR07R-01A
(G2402 to G2408) & 01D
(G2417 to G2418)
6.7 3.77 g/t 59.8 g/t 0.59% 0.59% 0.29%
G2419   o/c, S wall     16.9 g/t 140 g/t 4277 8502 4180
G2420 TR07R-01 o/c, S wall     73.7 g/t 600 g/t 7270 9.42% 358
G2422 TR07R-01 grab in G2414     70.3 g/t 840 g/t 1.12% 20.1% 1773
TRENCH 07R-03                
G2411 TR07R-03 loose grab     35 1.7 4.50% 420 1359
G2412 TR07R-03 composite grab     225 56 g/t 10.40% 1642 3122

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Northern Freegold Resources

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.


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...
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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