Northern Freegold Resources Ltd.

Northern Freegold Resources Ltd.

March 26, 2008 09:00 ET

Northern Freegold Intersects 117.10 Feet of 1.11 g/t Gold and 30.25 g/t Silver in Initial Drilling at Burro Creek Gold/Silver Property, Arizona

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 26, 2008) - Northern Freegold Resources Ltd. (TSX VENTURE:NFR) is pleased to announce results from the first two drill holes at the Burro Creek Gold/Silver Property located in Mohave County, Arizona, U.S.A. The main focus of the drill program is to confirm and update historical results on an open pit type epithermal gold/silver mineralized zone on the property and to drill test areas on the property with potential to discover additional mineralization within the epithermal vein system. To date, a total of 24 holes, totaling 1,899 m (6,229 feet) have been drilled on the vein system. Additional results will be released, as they are received, compiled and interpreted.

Burro Creek Property Highlights

- First drill hole (BC08-23) intersects 47.60 metres (156.13 feet) of 0.85 g/t (0.025 oz/ton) gold and 51.30 g/t (1.496 oz/ton) silver including:

- 18.10 m (59.37 feet) of 1.49 g/t (0.043 oz/ton) gold and 16.20 g/t (0.472 oz/ton) silver

- Second drill hole (BC08-24) intersects 35.70 metres (117.10 feet) of 1.110 g/t (0.032 oz/ton) gold and 30.25 g/t (0.882 oz/ton) silver including:

- 14.44 m (47.36 feet) of 2.32 g/t (0.068 oz/ton) gold and 20.46 g/t (0.597 oz/ton) silver

- 1.7 km known strike length of vein system up to 45 metres (147.6 feet) wide, open in both directions and to depth

- Portion of vein 300 m (984 feet) long and 230 m (754.4 feet) deep was fully permitted for open pit mining operations in mid 1980s

- Excellent infrastructure with Arizona State Highway, parallel high tension powerlines within 1.6 km of deposit; water rights secured

Susan Craig, President, commented, "The drill program at Burro Creek reflects Northern Freegold's purpose of developing resources and building reserves. We are pleased that the initial results from Burro Creek confirm historical results from the property. Additional drill results from our current program, which is testing the vein along strike and to depth, will test the potential to expand the historical resources."

Drilling Status

BC08-023 was the first hole completed of the 2008 program, and was a vertical hole drilled to a depth of 91.13 meters (298.91 feet). BC08-023 confirmed the down dip extension of the Burro Vein in the northern portion of the central block zone. The hanging wall of the Burro Vein was intercepted at a depth of 22.30 meters (73.16 feet), and was identified by intense clay alteration and fault gouge. BC08-024 was collared in the same location as BC08-023, and intersected the Burro Vein up dip from BC08-023 at a depth of 14.85 meters (48.72 feet). The hanging wall of the vein was marked by the same intense clay gouge observed in BC08-023. Results from the vein intersections are outlined in the table below, as well as in the plan map and section, as can be seen at www.

Burro Creek Drill Results Holes BC08-23 & 24
Thick- Thick-
Length From To ness ness Au Au Ag Ag
Hole No. m m m m feet g/t oz/ton g/t oz/ton
BC08-023 91.13 22.30 79.85 57.55 188.76 0.72 0.021 42.83 1.249
Includes 22.30 69.90 47.60 156.13 0.85 0.025 51.30 1.496
Includes 22.30 51.90 29.60 97.09 0.47 0.014 73.21 2.135
Includes 50.90 69.00 18.10 59.37 1.49 0.043 16.20 0.472
BC08-024 60.96 14.85 50.55 35.70 117.10 1.11 0.032 30.25 0.882
Includes 14.85 44.92 30.07 98.63 1.15 0.034 33.84 0.987
Includes 30.48 44.92 14.44 47.36 2.32 0.068 20.46 0.597

The Burro Creek Property

The Burro Creek Property is located 1.6 km off State Highway 93 in Mohave County, Arizona, 105 km southeast of Kingman, Arizona, and 265 km southeast of Las Vegas, Nevada. The 3000 acre property consists of four patented mineral claims and 150 surrounding unpatented mineral claims.

The Property covers a low-sulphidation epithermal vein system that has been traced for over 1.7 km and exhibits widths of up to 45 metres. A NI 43-101 report dated July 17, 2007 entitled "Evaluation Report of the Burro Creek Project" has been completed by J. Pautler, P. Geo., an independent qualified person. Previous reverse circulation, diamond drilling and underground development conducted on the property focused on a 300 metre strike length in the central block of the exposed vein system and outlined a historical gold and silver resource of 2.6 million tons with an average grade of 0.03 oz gold and 1.1 oz silver per ton. These historical results reported in the NI 43-101 report are considered by management to be reliable and relevant, though not conforming to current NI 43-101 standards.

The Property was fully permitted to commence production in the 1980s, but the production decision was deferred due to a decline in the gold price. At that time, the intent was to place the existing resource into production, and continue to expand the resource through exploration funded by the ensuing profits.

Quality Control and Assurance

The holes were drilled by a skid mounted diamond drill with NTW core size (5.6cm/2.2 inches in diameter). All core samples from diamond drilling are split and sent to ALS Chemex Laboratory in Reno for analysis. Blanks, commercial standards and duplicate core samples are included in each batch. Gold is analysed on 30 gram pulps by fire assay followed by aqua regia digestion and Atomic Absorption Spectrometry (AAS). Gold values greater than 1000 ppb are reanalysed by gravimetric fire assay. Silver is analysed by aqua regia digestion and Atomic Emission Spectrometry (AES). Other elements are analysed by 28 element ICP analysis after aqua regia digestion. Additional check analyses and assays will be carried out by EcoTech Laboratories in Kamloops. Intervals reported in this release do not necessarily represent true widths of mineralization.

The technical information disclosed in this release has been reviewed and approved by Susan P. Craig, P. Geo.

Northern Freegold is a well financed 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 Arizona.

Northern Freegold Resources Ltd.

On behalf of the Board of Directors

Susan P. Craig, President

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.

To view the "Burro Creek Drill Hole Plan Map" and the "Burro Creek Drill Section" accompanying this press release, please click on the following link:

Contact Information

  • Northern Freegold Resources Ltd.
    Sarah Longhurst
    Investor Relations Manager