Northern Freegold Resources Ltd.
TSX VENTURE : NFR

Northern Freegold Resources Ltd.

December 06, 2007 09:27 ET

Northern Freegold Step Out Drilling Intersects 75 m of 4.26 g/t Gold in Nucleus Zone

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 6, 2007) - Northern Freegold Resources Ltd. (TSX VENTURE:NFR) is pleased to announce additional drill results from 8 holes in the 2007 diamond drill program at the Nucleus Zone at the Freegold Mountain Project, Yukon. Twenty-seven (27) holes totaling 6,313 m (20,705 ft) were drilled within the Nucleus Zone over a period of 3 months. Additional results from the final 9 holes will be released as they are received, compiled and interpreted.

Highlights:

- High grade gold trend within Nucleus Zone extended to the east and still open

- GRD-07-58 steps out 50 m to the east of GRD-07-041 (72.35 m of 2.5 g/t Au) and intersects 74.97 m of 4.26 g/t Au including:

- 10.6 m of 20.26 g/t (0.59 oz/ton) Au

- 1.90 m of 86.71 g/t (2.52 oz/ton) Au

- Holes GRD-07-051, 052 and 053 intersect heavy sulphide breccias and massive sulphide on the west flank of the Nucleus Zone. Hole GRD-07-051 intersects:

- 11.10 m of 1.79 g/t Au

- 42.00 m of 0.64 g/t Au; and

- 11.10 m of 1.79 m g/t Au and 0.18% Cu

- Step out holes GRD-07-054 and 55 confirm that mineralization continues 100 m to the south beyond the central zone. GRD-07-054 intersects:

- 57.50 m of 0.52 g/t Au

- 9.75 m of 0.85 g/t Au and 0.36% Cu

- Northern Freegold has access to at least 4 drills in the 2008 season and plans an aggressive drill campaign at the Freegold Mountain Project leading to the calculation of 43-101 resource estimates by the end of 2008

Bill Harris, President & CEO, commented, "We are very excited to have stepped out another 50 metres from our richest drill hole to date (GRD-07-041; 72.35 m of 2.5 g/t Au) and encountered an even richer gold interval that is persistent in width and open to the east. These step out holes attest to the persistence of the mineralization in the Nucleus Target and reflect the higher grades being encountered as we continue to step out to the east. These results combined with 2006 results and those of previous operators are beginning to show the great potential of the Nucleus Zone."



Nucleus Zone Drill Results Holes GRD-07-51 through GRD-07-58
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Thick- Thick- Au
Length From To ness ness Au oz/
Hole No. m m m m feet g/t ton Cu ppm (%)
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GRD-07-058 312.42 52.53 127.50 74.97 245.90 4.26 0.12 (i)
Includes 73.10 75.02 1.92 6.30 6.60 0.19 (i)
Includes 79.65 90.25 10.60 34.77 20.26 0.59 (i)
Includes 79.65 81.55 1.90 6.23 86.71 2.52 (i)
Includes 80.77 81.55 0.78 2.56 156.00 4.53 1,169 (0.12)
Includes 99.70 103.71 4.01 13.15 4.06 0.12 (i)
Includes 109.10 112.22 3.12 10.23 5.58 0.16 (i)
Includes 119.20 120.80 1.60 5.25 15.00 0.44 1,085 (0.11)
And 198.70 210.00 11.30 37.06 0.77 0.02 (i)
Includes 198.70 200.60 4.20 13.78 1.72 0.05 (i)
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GRD-07-057 179.53 No significant results
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GRD-07-056 140.08 83.82 84.10 0.28 0.92 1.87 0.05 6,037 (0.60)
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GRD-07-055 179.83 23.75 34.15 10.40 34.11 4.67 0.14 (i)
Includes 25.75 29.75 4.00 13.12 11.40 0.33 (i)
And 45.30 49.85 4.55 14.92 0.75 0.02 (i)
And 65.75 73.25 7.50 24.60 0.97 0.03 (i)
Includes 69.30 69.95 0.65 2.13 7.18 0.21 1,063 (0.11)
And 88.87 94.40 5.53 18.14 0.68 0.02 (i)
And 118.25 122.25 4.00 13.12 0.67 0.02 (i)
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GRD-07-054 297.18 13.00 31.30 18.30 60.02 0.57 0.02 (i)
Includes 14.95 22.20 7.25 23.78 1.09 0.03 (i)
And 59.30 116.80 57.50 188.60 0.52 0.02 (i)
Includes 74.65 116.80 42.15 138.25 0.54 0.02 1,448 (0.15)
Includes 83.70 87.03 3.33 10.92 1.30 0.04 2,153 (0.22)
Includes 91.75 101.50 9.75 31.98 0.85 0.02 3,599 (0.36)
And 260.61 261.15 0.54 1.77 1.61 0.05 8,580 (0.86)
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GRD-07-053 206.65 7.50 11.00 3.50 11.48 2.97 0.09 (i)
And 27.85 33.90 6.05 19.84 1.52 0.04 (i)
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GRD-07-052 222.50 121.10 130.60 9.50 31.16 0.53 0.02 (i)
And 146.25 158.30 12.05 39.52 0.54 0.02
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GRD-07-51 269.75 9.50 18.60 11.10 36.41 1.79 0.05 (i)
Includes 15.60 16.65 1.05 3.44 2.69 0.08 (i)
And 32.40 74.40 42.00 137.76 0.64 0.02 (i)
Includes 32.40 38.50 6.10 20.01 1.17 0.03 2,205 (0.22)
Includes 35.30 37.70 2.40 7.87 2.47 0.07 (i)
Includes 51.75 63.94 12.19 39.98 0.96 0.03 1,262 (0.13)
And 112.95 118.65 5.70 18.70 2.22 0.06 (i)
And 125.00 126.30 1.30 4.26 5.80 0.17 (i)
And 149.65 166.75 17.10 56.09 0.59 0.02 (i)
And 214.10 225.20 11.10 36.41 1.79 0.05 1,791 (0.18)
And 259.80 266.70 6.90 22.63 0.62 0.02 (i)
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(i)Cu values less than 1,000 ppm


Mineralized intervals with a length times grade value of less than 2.5 g/t/m are not included in the above table.

Nucleus Zone

A plan map of the 2007 drilling and section including results from hole GRD-07-41 & 58 can be found at http://www.ccnmatthews.com/docs/nfr1206.pdf or www.northernfreegold.com.

The Nucleus Zone is a gold-biased gold-copper porphyry with a current drilled extent 300 m wide by 400 m long and 120 m deep. Host rocks are Paleozoic metasediments intruded by mid-Cretaceous granites and granodiorites. Mineralization appears to be concurrent with younger, smaller, felsic intrusions and quartz feldspar porphyry dykes (QFPs) that crosscut the older units. A microgranite stock is located on the north side of the Nucleus Zone and related QFPs with brecciated and/or faulted margins trending northwest-southeast across the zone.

Mineralization occurs as quartz-sulphide veins and stringers, disseminated sulphides, breccias, fault zones and in the QFPs. Visible gold is found with quartz and chalcopyrite/pyrite/limonite veins in the gold rich-core of the zone. Quartz-sericite-pyrite (phyllic) alteration forms a halo around the richer parts of the zone and transitions outwards into kaolinite-sericite (argillic) alteration. Lack of recent glaciations in the Dawson Range has produced a deeply weathered oxide zone which extends 50-100 m below surface and overprints hydrothermal alteration. Gold is found in both oxide and sulphide zones while copper is more commonly found at the base of the oxide and in the underlying sulphide zone. Common copper minerals are chalcopyrite and chalcocite.

GRD-07-051, 052 and 053 were drilled on the west flank of the Nucleus Zone to follow-up on mineralization on that side. Results from the west flank indicate a different style of mineralization than in the centre and to the east. There appears to be a zone of heavy sulphide breccias and massive sulphides (up to 11 m in GRD-07-051) trending slightly west of north from GRD-07-034 towards GRDN-04-12 and GRDN-04-14.

Holes GRD-07-054, 055, 056 and 057 were drilled to test the southern extent of the Nucleus Zone. Only 8 holes had been drilled in this area previously. GRD-07-054 and 055 together along with GRDN-04-13 confirm that mineralization continues greater than 100 m to the south beyond the central zone.

GRD-07-058 extended the high grade gold trend within the Nucleus Zone 50 m to the east, following up on high grade results from GRD-07-041 (72.35 m of 2.5 g/t Au). This gold-rich trend remains open to the east. Aggressive drilling early in the 2008 season will follow up on these high grade results.

About the Freegold Mountain Project

The Freegold 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 region is transected by the west-northwest trending Big Creek Fault, which provides the locus for an over 100 km long well-mineralized belt, with placer gold deposits, porphyry copper-gold, and gold veins and breccia bodies, extending from Mt. Freegold northwesterly to the Casino copper-gold porphyry deposit. The Freegold Project covers a 30 km strike extent of this belt.

The Freegold Mountain Project covers an area in excess of 64 square miles (166 square km) and several road accessible mineralized zones which include historical estimates not compliant with NI 43-101. Historical work on the Freegold Mountain property dating back to 1930 indicates that the property holds significant potential to host an intrusion related gold deposit or bulk-tonnage gold+/-copper porphyry style mineralization (ie Nucleus Zone) such as that seen 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. The Project also has potential to host other related deposit types such as intrusive hosted polymetallic vein systems (Tinta Hill), epithermal vein systems (Goldy) and skarn deposits (Margarete/Augusta), as well as other porphyry targets (Castle, Com, Nitro, Rage).

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 aqua regia digestion and Atomic Absorption Spectrometry (AAS). Gold values greater than 1000 ppb are reanalysed by gravimetric fire assay. Other elements are analysed by 28 element ICP analysis after aqua regia 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 program is under the direct supervision of Mr. Ron Robertson, P. Geol., hereby identified as the "Qualified Person" under the NI 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 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