News
Northern Freegold Begins It’s 2016 Yukon Exploration Program to Vector in On Higher Grades of Gold Mineralization
July 7, 2016
Vancouver, BC – July 7, 2016 – Northern Freegold Resources Ltd. (TSX-V: NFR) www.northernfreegold.com crews have been mobilized to the Yukon to begin phase one of the company’s 2016 exploration program.
Nucleus and Revenue Deposit — Define Paragenetic Sequence to Better Target Mineralization
Initially, the company will focus on the controls of mineralization at Nucleus and Revenue in order to vector in on higher grade mineralized zones adjacent to, and within the known mineral deposits. An important goal of this work will be to define a paragenetic sequence to better target the porphyry style mineralization. This information will be utilized to guide future drill programs, which will target higher-grade mineralized zones.
Previous diamond drilling at Nucleus has returned a number of holes with high grade gold results from a 500 metre by 200 metre gold rich core that remains open (partial listing of selected drill results below).
* True width unknown
Tinta Hill Deposit — Magnetic and VLF-EM Geophysical Survey and Geochemical Soil Survey
Concurrently with this program, the Northern Freegold plans to complete a 70-line km magnetic and VLF-EM geophysical survey at the Tinta Hill deposit as well as a 10-line km multi-element geochemical soil survey. The Tinta Hill Deposit is a structurally controlled, polymetallic low to intermediate sulphidation epithermal system. The main Tinta vein hosted deposit has been the dominant target for exploration since its discovery in 1930; however there are three other known veins in the immediate area that remain underexplored and warrant follow up work as well. The proposed field program will provide additional geophysical and geochemical coverage over the three veins outside of the main deposit with an objective of defining trench and/or diamond drill targets.
Freegold Mountain — A 198 Sq. Km. Project with Road Access
The Freegold Mountain project is located within the Dawson Range and covers an area in excess of 198 square km (75 square miles). The project has significant infrastructure advantages. It is located approximately 200 km northwest of Yukon’s capital and industrial center in Whitehorse. It is road accessible from Whitehorse, along the main Klondike Highway, a paved all-weather highway, thence along a 70 km government maintained road from Carmacks, called the Freegold Road. This road currently terminates near the Company’s Revenue camp and provides road access to the Nucleus, Revenue and Tinta deposits as well as most mineralized showings on the property. Commercial electrical grid power (138kv) is available at Carmacks or Stewart Crossing. A spur electrical line extends into the Minto copper mine 30 km north of the Freegold Mountain project.
Three Significant Mineral Deposits at Freegold Mountain
The Freegold Mountain property covers a fertile and very prospective segment of the Big Creek Fault Zone and is endowed with three significant mineral deposits and numerous showings, which represent porphyry-epithermal systems related to Mid-and Late-Cretaceous magmatic events. The Late-Cretaceous event, defined by Allan et al. 2013 and Bineli, 2011, has been recognized on the Freegold Mountain property to span at least 5 Ma (79 Ma — 74 Ma) and is responsible for the emplacement of the Stoddart (porphyry) prospect and both the Revenue (porphyry) and Nucleus (porphyry-skarn-epithermal) deposits as well as numerous other showings including the recently discovered Irene (epithermal) prospect. These porphyry-hydrothermal systems define an 8.0 km northwest trending fertile exploration corridor within the Big Creek Fault Zone.
Irene Zone — Potential for High-grade Gold+/-Silver+/-Copper mineralization at Surface
Recently Northern Freegold has been focused on select areas to the east of Nucleus and Revenue, which showed the potential for higher-grade gold mineralization. This initial work culminated in the discovery of the Irene zone where bedrock sampling in 2013 and 2014 returned 7.11 g/t Au over 3.0 metres in TR13-021 (see news release #14-03 dated February 27, 2014) and 9.45 g/t Au, 114.5 g/t Ag, 0.79% Cu over 1.00 metre in trench TR14-037 (see news release #14-11 dated November 17, 2014) highlighting the potential for high-grade gold+/-silver+/-copper mineralization at surface, in an under-explored area of the property.
NI 43-101 Disclosure
Paul Reynolds, B. Sc., P. Geo., President of Northern Freegold Resources Ltd., is the Qualified Person, as defined by NI 43-101, for the Freegold Mountain Project and has reviewed and approved the technical information in this release.
About Northern Freegold
Northern Freegold is a growth oriented Canadian-based precious metals exploration and development company and is focused on creating value through the advancement of the district scale Freegold Mountain project in Yukon. For maps and detailed information, please visit our website at www.northernfreegold.com
NOT FOR DISTRIBUTION TO THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES
On behalf of the Board of Directors
Signed “Paul Reynolds”
Paul Reynolds, President
For further information please contact:
Vancouver, BC – September 27, 2016 – Northern Freegold Resources Ltd. (TSX-V: NFR) www.northernfreegold.com announces that the 2016 exploration program at Freegold Mountain, Yukon has been successfully completed.
Tinta Hill Deposit — Magnetic and VLF-EM Geophysical Survey and Geochemical Soil Survey
Northern Freegold has completed a 70-line km magnetic and VLF-EM geophysical survey as well as a 10-line km (approx.) of multi-element geochemical soil survey at the Tinta Hill deposit. Geophysical data is being interpreted by the Company’s geophysical consultants and soil samples have been delivered to the lab for analysis. Results will be released once they are received and interpreted by the Company. The Tinta Hill Deposit is a structurally controlled, polymetallic low to intermediate sulphidation epithermal system. The main Tinta vein hosted deposit has been the dominant target for exploration since its discovery in 1930. There are also three other known veins in the immediate area that remain underexplored and warrant follow up work. The 2016 field program will provide additional geophysical and geochemical coverage outside of the main deposit with the objective of defining trench and/or diamond drill targets. The Tinta Hill exploration program is being funded in part by a Yukon Mineral Exploration Program (YMEP) grant.
Nucleus and Revenue Deposit — Define Paragenetic Sequence to Better Target Mineralization
Exploration crews spent roughly three weeks in the field conducting geological mapping and re-logging select drill core. While the field portion of this work is complete, lab work is ongoing. Results from this work will be reported later this fall when completed. The primary objective of this work is to define a paragenetic sequence to better target the porphyry style mineralization. This information will be utilized to guide future drill programs which will target higher-grade mineralized zones.
Freegold Mountain — A 198 Sq. Km. Project with Road Access
The Freegold Mountain project is located within the Dawson Range and covers an area in excess of 198 square km (75 square miles). The project has significant infrastructure advantages and is located only 200 km northwest of Whitehorse, the capital and industrial center of Yukon. It is road accessible from Whitehorse, along the main paved all-weather Klondike Highway, then along the 70 km government maintained Freegold Road from Carmacks. This road currently terminates near the Company’s Revenue camp, providing road access to the Nucleus, Revenue and Tinta deposits as well as most of the mineralized showings on the property. Commercial electrical grid power (138kv) is available at Carmacks and Stewart Crossing with a spur electrical line extending into the Minto copper mine 30 km north of the Freegold Mountain project.
Three Significant Mineral Deposits at Freegold Mountain
The Freegold Mountain property covers a fertile and very prospective segment of the Big Creek Fault Zone and is endowed with three significant mineral deposits and numerous showings, which represent porphyry-epithermal systems related to Mid- and Late-Cretaceous magmatic events. The Late-Cretaceous event, defined by Allan et al. 2013 and Bineli, 2011, has been recognized on the Freegold Mountain property to span at least 5 Ma (79 Ma — 74 Ma). This event is responsible for the emplacement of the Stoddart (porphyry) prospect and both the Revenue (porphyry) and Nucleus (porphyry-skarn-epithermal) deposits, as well as numerous other showings including the recently discovered Irene (epithermal) prospect. These porphyry-hydrothermal systems define an 8.0 km northwest trending fertile exploration corridor within the Big Creek Fault Zone. This work was supported by a contribution from the Yukon Mineral Exploration Program (YMEP).
NI 43-101 Disclosure
Paul Reynolds, B. Sc., P. Geo., President of Northern Freegold Resources Ltd., is the Qualified Person, as defined by NI 43-101, for the Freegold Mountain Project and has reviewed and approved the technical information in this release.
Burro Creek Property, Arizona
Northern Freegold announces that it has dropped the option on the Burro Creek property to better focus its efforts on the Freegold Mountain project.
About Northern Freegold
Northern Freegold is a growth oriented Canadian-based precious metals exploration and development company and is focused on creating value through the advancement of the district scale Freegold Mountain project in Yukon. For maps and detailed information, please visit our website at www.northernfreegold.com
NOT FOR DISTRIBUTION TO THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES
On behalf of the Board of Directors
Signed “Paul Reynolds”
Paul Reynolds, President
For further information please contact:
Paul Reynolds, President
Northern Freegold Resources Ltd.
+1 604 893 8757
John Anderson, Chairman
Northern Freegold Resources Ltd.
+1 604 218 7400
Neither the 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.