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07.07.2016
Northern Freegold Begins It’s 2016 Yukon Exploration Program to Vector in On Higher Grades of Gold Mineralization

 

Northern Freegold Begins It’s 2016 Yukon Exploration Program to Vector in On Higher Grades of Gold Mineralization

 

Vancouver, BC: July 7, 2016 Northern Freegold Resources Ltd. (TSX-V: NFR) crews have been mobilized to the Yukon to begin phase one of the companys 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).

 

 

Hole ID

DH From (m)

DH To (m)

Length (m)*

Au (g/t)

GRD07-041

66.85

69.10

2.25

11.60

GRD07-041

133.85

135.85

2.00

45.00

GRD07-058

79.65

90.25

10.60

20.51

GRD07-058

101.70

103.71

2.01

6.22

GRD07-058

109.10

112.22

3.12

5.65

GRD08-068

74.05

77.30

3.25

113.15

GRD08-073

102.40

105.63

3.23

40.17

GRD08-073

107.02

111.80

4.78

15.14

GRD08-073

124.13

131.89

7.76

17.04

GRD08-099

112.49

114.55

2.06

256.31

GRD08-100

242.14

245.05

2.91

9.37

GRD08-111

29.65

35.05

5.40

36.40

GRD08-113

60.13

63.73

3.60

55.27

GRD08-114

21.00

23.63

2.63

104.18

GRD08-114

79.42

89.80

10.38

9.18

GRD08-114

190.00

192.00

2.00

4.76

GRD08-118

96.30

97.50

1.22

16.60

GRD08-118

120.40

122.01

1.61

52.10

GRD08-120

55.53

57.33

1.80

18.41

GRD12-175

88.80

92.85

4.05

4.16

* 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 Yukons 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 froCarmacks, called the Freegold Road. This road currently terminates near the Companys 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   system relate t Mid-an Late-Cretaceou magmatic   events.  Th 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 prospec an bot th Revenu (porphyry) an 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 Mountai projec i Yukon Fo map an detailed information please  visi our websit at www.northernfreegold.com

 

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. (604) 893-8757

 

John Anderson, Chairman

Northern Freegold Resources Ltd. (604) 218-7400

 

 

For Further Information, please

Visit our website at www.northernfreegold.com

 

200 52A Powell Street

Vancouver, BC Canada V6A 1E7

Tel: 604.893.8757

 

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.

 



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