Northern Freegold Resources Ltd.
TSX VENTURE : NFR

Northern Freegold Resources Ltd.

September 10, 2007 09:00 ET

Northern Freegold Acquires Additional Property in Dawson Range Gold Belt, Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 10, 2007) - Northern Freegold Resources Ltd. (TSX VENTURE:NFR) -

Northern Freegold is pleased to announce the purchase of another property within the Dawson Range. Based upon encouraging results from NFR's Freegold Mountain Project and the intense interest in properties in the Dawson Range by other companies, NFR has acquired the Nit gold-silver prospect located adjacent to the Tad/Toro Property of NFR, and to the northwest of the Freegold Mountain project from ATAC Resources Ltd. Pursuant to the terms of the agreement, Northern Freegold can earn a 100% interest in the property, subject to a one percent (1%) net smelter return royalty, by issuing a total of 100,000 common shares upon regulatory acceptance. NFR's acquisition of this additional property expands NFR's major land position in this active mineral belt. Exploration work on the Nit Property and the adjacent Tad/Toro Property is underway.

The Nit and Tad Toro Properties are located along the Big Creek Fault, the same structure controlling the mineralization at the Freegold Mountain Project. Based on historical work on the property including geological mapping, sampling, geophysics, trenching and diamond drilling the Tad/Toro has the potential to host gold-copper+/-molybdenum mineralization similar to that of the Casino Deposit to the northwest, and the Nucleus Zone, located within the Freegold Mountain Project of NFR to the southwest. The geological environment, host rocks, structures alteration and mineralization at Tad/Toro are similar to the Nucleus Zone which appears to be part of a high level porphyry gold-copper system grading to epithermal. Historical drilling carried out in 1969 targeted copper values in a porphyry body. Re-analysis of a portion of this core for gold in 1986 by Noranda returned encouraging gold values in three holes: T-2 gave 0.51 g/t gold over 37.0 m (including 1.0 g/t gold over 8.2 m); T-12 gave 1.23 g/t gold over 4.9 m; and drill hole T-14 gave 1.68 g/t gold over 7.0 m.

Historical work at Tad/Toro has defined several drill targets, which could be better defined with a multi-parameter airborne survey and additional analyses on historical drill core. Access to the property is via an existing tote trail, known as the Casino trail which is used year round to access active hardrock and placer projects at Sonora Gulch and Hayes Creek (the location of the Tad/Toro Property). Nuggets of tetradamite and other bismuth-gold telluride minerals in placer concentrates have been recovered from placer operations on the Tad/Toro Property.

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

William (Bill) G. 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
    Website: www.northernfreegold.com