Northern Freegold Resources Ltd.
TSX VENTURE : NFR

Northern Freegold Resources Ltd.

November 09, 2006 14:16 ET

2006 Field Season Completed at Freegold Mountain Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 9, 2006) - Northern Freegold Resources Ltd. (TSX VENTURE:NFR) is pleased to announce the completion of a successful field season at the Freegold Mountain Project, Yukon Territory. The Freegold Mountain Project now covers an area in excess of 64 square miles (166 square km) and hosts a 43-101 compliant inferred resource that contains 703,916 contained ounces of gold(i) in 5 zones (based on 14,455,800 tonnes @ 1.51 g/t). All known mineralized zones within the project area are accessible by road.

Northern Freegold has successfully completed 15,741 ft (4,798 m) of diamond drilling and 7,104 ft (2,165 m) of rotary air blast ("RAB") drilling in 2006. Exploration activity was focused on the Nucleus and Revenue gold-copper targets, the most advanced zones within the Freegold Mountain Project. A 1,056 mile (1,700 km) airborne geophysical survey was flown covering the entire land package. Results of this extensive program are now being received from analytical laboratories and geophysical contractors, and will be released as they are compiled and interpreted.

The 2006 work program also included strategic land acquisitions, data compilation, prospecting and sampling, geological mapping, and differential GPS mapping. A combination of modern technology and traditional prospecting techniques continue to be useful tools in the exploration of the property. Mineralization and alteration within the Freegold Project is associated with mid to late Cretaceous intrusive bodies.

Mapping and prospecting was also carried out in other areas of the property, resulting in new discoveries and an advanced understanding of mineralizing processes in areas of known occurrences. Please refer to the map at www.northernfreegold.com/i/maps/propertylocation.jpg for zone locations.

At the Goldstar, Rage and Seymour Zones, widespread veins and dykes host mineralization that ranges from trace values to 3.7 g/t gold and 13.7% copper (2006 grab samples). Central to these zones is the Stoddart porphyry, which has similar characteristics to the Nucleus Zone, yet remains untested by drilling.

2006 work on the Revenue Zone confirmed the high-grade tenor of vein mineralization there, with samples ranging from trace values to up to 99.6 g/t gold and 17.1 g/t silver. Geological mapping suggests that the mineralization extends beyond previously recognized limits.

Elsewhere in the property area, stream-sediment sampling successfully confirmed known mineralized zones. In addition, highly anomalous samples collected upstream of known mineralization indicate the potential for more discoveries.

All 2006 exploration activity has been carried out under the direct supervision of Mr. Ron Robertson, P.Geol., hereby identified as the "Qualified Person" under N.I. 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.

(i)For more information on the stated gold resources of Northern Freegold Resources Ltd., please refer to the detailed NI 43-101 compliant technical reports filed on SEDAR by Northern Freegold on August 2, 2006 and found at www.northernfreegold.com/i/pdf/2006_6_30_43-101.pdf.

On behalf of the Board of Directors

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

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Northern Freegold Resources Ltd.
    Bernie Kennedy
    Investor Relations Manager
    1-877-489-4440 or (250) 489-4440
    Website: www.northernfreegold.com