Northern Freegold Resources Ltd.
TSX VENTURE : NFR

Northern Freegold Resources Ltd.

June 09, 2008 11:42 ET

Northern Freegold Intersects 3.25 Metres of 100.69 g/t Gold Within 37.80 Metres of 10.41 g/t Gold in First 2008 Step Out Diamond Drill Hole in Nucleus Zone at Freegold Mountain, Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 9, 2008) - Northern Freegold Resources Ltd. (TSX VENTURE:NFR) is pleased to announce results from the first hole drilled in the 2008 season at the district scale 166 sq km (64 sq mile) Freegold Mountain Project in the Yukon Territory. Hole GRD08-68 intersected 3.25 m (10.66 feet) of 100.69 g/t (2.94 oz/ton) gold within 37.80 m (124.02 feet) of 10.41 g/t (0.30 oz/ton) gold in the Nucleus Zone. The high grade mineralization in hole GRD08-68 is hosted in massive pyrrhotite with lesser pyrite and chalcopyrite.



Highlights of Hole GRD08-68
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Au Au
Length From To Thickness Thickness g/ oz/ Cu Cu
Hole No. m m m m feet tonne ton ppm %
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GRD08-68 224.03 42.20 80.00 37.80 124.02 10.41 0.30 2883 0.29
Including 69.85 80.00 10.15 33.30 37.57 1.10 3800 0.38
Including 74.05 80.00 5.95 19.52 62.78 1.83 3686 0.37
Including 74.05 77.30 3.25 10.66 100.69 2.94 5392 0.54
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To view the maps accompanying this release please click on the following link:
http://media3.marketwire.com/docs/nfr_maps.pdf.

Drill sections and a 3D model can be viewed at http://www.corebox.net/properties/freegold/ or by following a link on the Company's website at www.northernfreegold.com.

Drilling commenced at the Nucleus Zone on April 24, 2008, and a second drill was added May 29, 2008. To date the drills at Nucleus have completed over 2,950 m (9,700 feet) in 14 holes, and are strategically drill testing the area adjacent to holes GRD07-41 and GRD07-58. These two holes returned 72 m of 2.5 g/t gold (including 2 m of 45.25 g/t) and 75 m of 4.26 g/t Au (including 1.9 m of 86.71 g/t) respectively in 2007 (see press releases dated July 19, 2007 and December 6, 2007). These holes highlighted a higher grade trend with the Nucleus Zone. Hole GRD08-68 was drilled 50 m to the east of Hole GRD07-58. As well as the intervals outlined in the table above, the hole also intersected 2.43 m (7.97 feet) of 4.73 g/t gold at a depth of 4.57 m; 2.43 m (7.97 feet) of 1.04 g/t gold at a depth of 158.90 m; and 3.80 m (12.46 feet) of 1.35 g/t gold at a depth of 183.40 m. These two drills will focus on the Nucleus Zone in order that the company may calculate a NI 43-101 compliant resource at the Nucleus Zone upon results from the 2008 season. Additional results will be released as they are received, compiled and interpreted.

Bill Harris, CEO & COO commented, "The first hole of 2008 successfully extended the high grade mineralized trend defined in the Nucleus Zone. We look forward to receiving the results from the remaining 7 holes drilled adjacent to this trend."

Freegold Mountain Project

The Freegold Mountain Project is situated within the Dawson Range portion of the Tintina Gold Belt, characterized by plutonic rocks of the 100 million year old Cretaceous Dawson Range Batholith and early Jurassic Klotassin Suite metaplutonic rocks intruding metavolcanic and metasedimentary rocks of the Yukon-Tanana Terrane. The Dawson Range is a well-mineralized belt over 100 km long, extending from Mount Freegold northwesterly to the Casino copper-gold porphyry deposit. This belt is transected by the west-northwest trending Big Creek Fault, which provides the locus for many mineral occurrences including placer gold deposits, porphyry gold-copper mineralization, gold veins and breccias bodies. The Freegold Mountain Project covers a 35 km long section of this belt.

The Project area is in excess of 166 square km (64 square miles) and includes several road-accessible mineralized zones with historical resource estimates (not compliant with NI43-101). Work on the Freegold Mountain Project dating back to 1930 indicates that the property has the potential to host intrusion related gold deposits or bulk-tonnage gold+/-copper porphyry style mineralization (eg. the Nucleus Zone) with similarities to the mineralization at Kinross Gold's Fort Knox deposit in Alaska which has produced more than 3 million ounces in the past 10 years and still has a resource of 2.7 million ounces of gold from proven and probable reserves of 159.7 million tonnes grading 0.53 g/t as at Dec. 31, 2006 (www.kinross.com) (These reserves have not been verified by the qualified person and the information is not necessarily indicative of the mineralization at Freegold Mountain Project). The Project also has potential to host other related deposit types such as intrusive-hosted polymetallic vein systems (Tinta Hill), epithermal vein systems (Goldy, Dart) and skarn deposits (Margarete/Augusta), as well as other porphyry targets (Stoddart).

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 EcoTech Laboratory in Whitehorse for sample preparation and then to EcoTech Laboratory in Kamloops 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 four acid total digestion and Atomic Absorption Spectrometry (AAS). Gold values greater than 1000 ppb are reanalysed by gravimetric fire assay. Other elements are analysed by 29 element ICP analysis after four acid total digestion. Additional check analyses and assays will be carried out by ALS Chemex in North Vancouver. 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