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Northern Freegold Resources

Publié le 29 janvier 2014

PR#14-02 Northern Freegold Announces Additional Exploration Results From the Goldy Zone, Freegold Mo

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Mots clés associés :   Cadmium | Canada | Copper | K Street | Precious Metals |
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Northern Freegold Resources
PR# 14-02

Northern Freegold Announces Exploration Results From
the Goldy Zone, Freegold Mountain Project, Yukon

Vancouver, BC: January 29, 2014.  Northern Freegold Resources Ltd. (NFR: TSX-V, NFRGF: OTCQX) is pleased to announce further results from the 2013 exploration program on the Freegold Mountain Project ("Freegold").  The project is 100% owned by Northern Freegold Resources Ltd. (the "Company" or "Northern Freegold") and is road accessible, located 70 km west of Carmacks in the Dawson gold belt of southwestern Yukon.

 

Goldy Zone

 

The Goldy Zone displays an affinity towards an epithermal type gold prospect which is hosted within vein and breccia systems controlled by splays of the Big Creek Fault Zone.  The core of the Goldy prospect occurs at the apparent intersection of major northwest and north trending faults; at the contact between a Jurassic syenite and Paleozoic metasediments of the Yukon Tanana Terrane.  Quartz-feldspar porphyry dykes have been observed within the mineralized zone.  Anomalous gold and arsenic in soil values have been identified through historic sampling along these structures, over a strike length of 2.3 km.

 

The objectives of the 2013 program at the Goldy Zone were to conduct orientation surveys over zones of known mineralization and to extend the survey north of the historic grid, completed in 1987, to determine if a structural "link" is present between the Goldy and Dart Zones.  The Dart showing lies 1.8 km north of the Goldy Zone.  The orientation survey was completed to provide the following control: 1) ground truth historic geochemical results and 2) to provide multi-element geochemistry of soils overlying mineralized zones; an exercise which has never been completed for the Goldy zone. 

 

The 2013 geochemical survey from the Goldy-Dart Zone has successfully delineated a 150 metre wide by 400 metre long extension of coincident anomalous gold-arsenic-cadmium in soil north of the existing geochemical grid completed in 1987.  The total strike length of the anomalous zone is currently defined up to 1.3 km north of the Goldy showing.  The Goldy zone has previously been drill tested by the Company and has returned significant gold mineralization (refer to news releases #08-22 and #09-03).

 

Initial data analysis completed by TerraLogic Exploration Inc. prior to this year's field activities included compilation of historic drill hole assays to identify elemental correlations with gold mineralization.  These correlations were then used to determine which pathfinder elements could be used to delineate prospective exploration zones.  The data analysis concluded that both arsenic (As) and cadmium (Cd) are pathfinder elements for gold mineralization at the Goldy Zone, whilst silver (Ag), copper (Cu), and lead (Pb) are pathfinder elements for gold mineralization at the Dart Zone.

 

A total of 12.9 line kilometres of geochemical surveys totalling 533 B-horizon and 5 C-horizon soil samples were collected during the program.  The 2013 geochemical survey from the Goldy-Dart Zone has successfully delineated a 150 metre wide by 400 metre long extension of coincident anomalous gold-arsenic-cadmium in soil north of the existing geochemical grid completed in 1987.  The total strike length of the anomalous zone is currently defined up to 1.3 km north of the Goldy showing, which has previously been drill tested by the Company.

 

 

Orientation surveys were completed over zones of interest identified through historic trenching and geochemical soil surveys.  Exploratory pits were dug using an excavator to a depth where samples could be collected from the B-Horizon/C-horizon interface.  Rock samples were also collected where possible to provide analytical results which characterize the lithogeochemical signature of the mineralization.  Comparison of the data indicates that soils overlying zones of mineralization are enriched in gold and the key pathfinder elements identified above.  B-horizon soil samples were collected using soil augers.

 

The 2013 results indicate the potential for significant expansion of the main Goldy Zone to the north.  A 1.0 metre chip sample (AHFGR055) located 475 metres north-northeast of the Goldy Zone returned an assay value of 2.47 g/t Au.  The sample appears to represent a splay of the structure which hosts the main Goldy showing.  A grab sample (AHFGR054) of silica altered fault breccia, collected 20 metres west of AHFGR055, returned an assay value of 1.50 g/t Au.  A strong gold-arsenic anomaly (95th-99th percentile) identified in 1987, measuring 150 to 200 metres wide by 475 metres long, connects the two zones.  Mineralization observed in AHFGR054-055 has similar geological and geochemical characteristics as samples collected from the Goldy Zone.  The coincident anomalous soil geochemistry suggests that the two zones are connected along a variably mineralized north-south trending structural corridor.  This area represents a high priority exploration target warranting follow up work.

 

Results from the 2013 program indicate that the Goldy Zone and the Dart Zone appear to be discrete zones.  A moderate (80th-95th percentile) gold, strong (90th-99th percentile) silver, moderate (75th-99th percentile) copper and strong (90th-99th percentile) lead anomaly was identified in the immediate area of the historic Dart workings and extends 200 metres to the northwest.  The soil anomaly is closed to the southeast and remains open to the northwest.  The Dart showing has yielded significant gold results in the past, but is not currently ranked as a high priority exploration target.

 

All samples were submitted to ALS Minerals in Whitehorse for prep and geochemical analysis. The following analytical techniques were used for all rock samples: ME-ICP41, Au-AA23 30 g Fire Assay, and Au-GRA21 30 g Fire Assay for all samples > 10 ppm Au.  The following analytical techniques were used for all soil and silt samples: ME-MS41; Au-TL44, and Au-OR44 for all samples > 1 ppm Au.  The Company QAQC measures included insertion of external blanks and standards into the sample stream for all rock chip samples. A minimum of one standard and one blank sample were inserted for each trench containing multiple chip/channel samples. In addition, the lab was instructed to wet-sieve each sample prior to sample preparation in order to minimize contamination from placer gravels.

 

The 2013 program was designed and managed by Mike McCuaig, P. Geo., of TerraLogic Exploration Inc., of Cranbrook, BC.

 

Paul Reynolds, B. Sc., P. Geo., Vice President Exploration for Northern Freegold Resources Ltd., is the Qualified Person, as defined by NI 43-101, for the Freegold Mountain Project and has reviewed the technical information in this release. 

 

About Northern Freegold

 

Northern Freegold Resources Ltd. (TSX.V: NFR; OTCQX: NFRGF) trades in Canada on the TSX Venture Exchange under the symbol "NFR" and in the United States on the OTCQX under the symbol "NFRGF". Northern Freegold is a growth oriented, Canadian-based, precious metals exploration and development company.  Northern Freegold is focused on creating value through the advancement of the district scale Freegold Mountain project, which hosts one of the largest undeveloped gold and copper resources in the Yukon, and the Burro Creek gold and silver property in Arizona.  For maps and more information, please visit our website www..northernfreegold.com

 

On behalf of the Board of Directors

 

Signed "John Burges"

 

John Burges, President and CEO

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Cautionary Note Regarding Forward-Looking Statements The information in this press release includes 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, 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 testing and the estimation of reserves and resources; the need for cooperation of government agencies and First Nations 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 change.

For Further Information, please contact:
Andy Hay,Corporate Communications
1.877.893.8757,
andy@northernfreegold.com                                                               
                                                              

502 - 535 Thurlow Street 

Vancouver, BC Canada V6E 3L2                                                                        

www.northernfreegold.com

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Northern Freegold Resources | 502 - 535 Thurlow Street | Vancouver | British Columbia | V6E 3L2 | Canada
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Northern Freegold Resources

EXPLORATEUR
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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