Northern Freegold Resources Ltd.
TSX VENTURE : NFR

Northern Freegold Resources Ltd.

June 05, 2008 13:11 ET

Northern Freegold Intersects 168.3 Feet of 0.94 g/t Gold and 56.10 g/t Silver in Drilling at Burro Creek Gold/Silver Property, Arizona

VANCOUVER, BRITSH COLUMBIA--(Marketwire - June 5, 2008) - Northern Freegold Resources Ltd. (TSX VENTURE:NFR) is pleased to announce results from an additional eight diamond drill holes at the Burro Creek Gold/Silver Property located in northwestern 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 extensive epithermal vein system. The drill program was completed April 11, 2008 with 33 holes, totaling 8,414 feet (2,565 m) drilled along the vein system. Additional results from the remaining 10 holes will be released, as they are received, compiled and interpreted.

Burro Creek Property Highlights

- Drill hole BC08-038 intersects 168.3 feet of 0.94 g/t gold and 56.10 g/t silver including:

- 87.7 feet of 1.20 g/t gold and 43.96 g/t silver

- Drill hole BC08-44 intersects 90.62 feet of 0.75 g/t gold and 65.00 g/t silver including:

- 40.85 feet of 1.35 g/t gold and 20.79 g/t silver

- greater than 1 mile known strike length of vein system up to 150 feet wide, open in both directions and to depth

- Portion of vein 1,000 feet long and 750 feet deep was fully permitted for open pit mining operations in mid 1980s

- Excellent infrastructure with Arizona State Highway 93, parallel high tension powerlines within 1.6 km of deposit; water rights secured on the property

To view the maps accompanying this release please click on the following link: http://media3.marketwire.com/docs/nfr_results.pdf.

Bill Harris, CEO commented "The results from the Burro Creek drill program to date are confirming historical results and reflect Northern Freegold's goal of developing resources and building reserves. Drill holes BC08-38 through 40, and BC08-43 through 45 step out along section from previously released results (BC08-23 and 24) and confirm that there is potential to expand the historical resources."



Burro Creek Drill Results Holes BC08-38 to 45

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Au Au Ag Ag
Length From To Thickness Thickness g/ oz/ g/ oz/
Hole No. m m m m feet tonne ton tonne ton
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BC08-038 140.20 69.38 120.69 51.31 168.3 0.94 0.027 56.10 1.64
Including 93.96 120.69 26.73 87.7 1.20 0.035 43.96 1.28
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BC08-039 126.49 53.76 87.87 34.11 111.9 0.64 0.019 83.74 2.443
includes 75.56 87.87 12.31 40.4 1.09 0.032 47.46 1.384
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BC08-040 85.34 44.10 54.53 12.47 40.9 2.23 0.065 38.06 1.110
including 50.54 54.53 3.99 13.1 5.23 0.153 15.39 0.449
And 65.44 66.33 0.89 2.9 7.90 0.230 34.00 0.992
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BC08-041 102.10 48.76 58.23 9.47 31.1 1.18 0.034 48.40 1.412
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BC08-042 62.48 25.40 34.32 8.92 29.3 1.88 0.055 34.12 0.995
includes 30.78 32.40 1.62 5.3 7.16 0.209 39.00 1.138
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BC08-043 150.87 106.78 126.98 20.2 66.3 0.86 0.025 42.19 1.230
Includes 117.95 124.78 6.83 22.4 1.20 0.035 25.39 0.741
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BC08-044 117.35 62.48 90.10 27.62 90.6 0.75 0.022 65.00 1.896
Including 77.65 90.10 12.45 40.9 1.35 0.039 20.79 0.606
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BC08-045 185.93 145.81 161.54 15.73 51.6 0.83 0.024 4.09 0.119
Including 151.70 161.54 9.84 32.3 1.20 0.035 5.59 0.163
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Drilling Status

Holes BC 08-38 to 40, and BC 08-43 to 45 were step-out holes drilled down dip along section to test the extent of the vein. These holes are on the same section as BC 08-23 and 24 which returned 156.1 feet (47.6 m) of 0.85 g/t gold and 51.30 g/t silver and 117.1 feet (35.7 m) of 1.11 g/t gold and 30.25 g/t silver respectively (see press release dated March 26, 2008) and BC 08-36 and 37 which returned 91.2 feet (27.79 m) of 1.11 g/t gold and 54.49 g/t silver and 55.2 feet (16.83 m) of 0.95 g/t gold and 45.62 g/t silver respectively (see press release dated May 20, 2008).

Holes BC08-038 was a vertical hole which intersected the vein at 223 feet (68 m). BC08-039, a vertical hole intersected the vein at 177 feet (54 m) while BC08-040 drilled from the same pad at a 60 degree angle intersected vein material at 114 feet (35 m). Results from the vein intersections are outlined in the table above, as well as in the plan map and section, as can be seen at www.northernfreegold.com.

Holes BC08-041 and 042 were drilled from the same pad. Hole BC08-041, was a vertical hole while Hole BC 08-042, was drilled at a 45 degree angle.

Holes BC08-043, 044 and 045 were drilled from the same pad. BC08-043, was a vertical hole while BC 08-044, drilled at a 65 degree angle intersected the vein at 210 feet (64 m), and BC 08-045 drilled to the north at a 70 degree angle intersected the vein at 421 feet (128 m).

The Burro Creek Property

The Burro Creek Property is located 1 mile (1.6 km) off State Highway 93 in Mohave County, Arizona, 65 miles (105 km) southeast of Kingman, Arizona, and 164 miles (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 mile (1.7 km) and exhibits widths of up to 150 feet (45 m). 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 1,000 foot (300 m) 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. All samples from the channel chip sampling were also sent to ALS Chemex Laboratory. 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.

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.
    Sarah Longhurst
    Investor Relations Manager
    (604) 893-8757 or 1-877-893-8757
    Website: www.northernfreegold.com