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| | February 12, 2009
Gold Assay Value Increases to 206.50 g/t Gold over 1.24 metres from 20.65 g/t Gold After Assay Lab Corrects Typographical Error on Certificate
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| | PR #09-03
Corrected Interval Equates to 14.51 g/t Gold over 46.96 metres
Vancouver, BC: February 12, 2009. Northern Freegold Resources Ltd. (NFR: TSX-V) announces that due to a typographical correction from the lab for assay certificate AW2008-8069, the company is pleased to announce that the gold assay result from previously released drill hole GRD08-073 encompassing the interval from 143.84 m to 145.08 m (1.24 m) has been corrected to 206.50 g/t gold from 20.65 g/t gold (see table in press release dated July 29th, 2008). This correction has resulted in Hole GRD08-073 returning 46.96 m of 14.51 g/t gold instead of 46.96 m of 9.60 g/t gold (as previously announced prior to notification from the lab of this typographical error; see press release dated July 29th, 2008).
Revised Highlights of Hole GRD08-73 (in bold)
Hole No. |
Length (m) |
From (m) |
To
(m) |
Interval (m) |
Interval (feet) |
Au
(g/tonne) |
Au (oz/ton) |
Cu
ppm |
Cu
% |
GRD08-073 |
234.08 |
102.40 |
149.36 |
46.96 |
154.07 |
14.51 |
0.42 |
2172 |
0.22 |
Including |
|
102.40 |
131.89 |
29.49 |
96.75 |
14.26 |
0.42 |
2941 |
0.29 |
Including |
|
102.40 |
115.11 |
12.71 |
41.70 |
20.91 |
0.61 |
1762 |
0.18 |
Including |
|
102.40 |
103.63 |
1.23 |
4.04 |
92.74 |
2.70 |
2102 |
0.21 |
Including |
|
110.49 |
111.80 |
1.31 |
4.30 |
42.15 |
1.23 |
3070 |
0.31 |
Including |
|
114.48 |
115.11 |
0.63 |
2.07 |
105.79 |
3.09 |
2041 |
0.20 |
Including |
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124.13 |
127.58 |
3.45 |
11.32 |
33.09 |
0.97 |
5906 |
0.59 |
Including |
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143.84 |
145.08 |
1.24 |
4.07 |
206.50 |
6.02 |
3488 |
0.35 |
Hole GRD08-073 is one of 53 drill holes the company completed during the 2008 exploration program in the Nucleus Zone at the district scale 166 sq km (64 sq mile) Freegold Mountain Project in the Yukon Territory. Step out holes focusing in the vicinity of the higher grade trend of the Nucleus Zone indicate the presence of gold-rich (abundant visible gold in some samples) sulphide lenses in addition to hydrothermal vein style mineralization. The high grade lenses returned:
- 2.00 m of 45.25 g/t gold within 72.35 m of 2.50 g/t gold (see press release dated July 19, 2007)
- 1.90 m of 86.71 g/t gold within 74.97 m of 4.26 g/t gold (see press release dated Dec. 6, 2007)
- 3.25 m of 100.69 g/t gold within 37.80 m of 10.41 g/t gold (see press release dated June 9, 2008)
- 1.27 m of 410.00 g/t gold within 9.36 m of 70.19 g/t gold (see press release dated Jan.14, 2009)
- 0.96 m of 256.00 g/t gold within 4.00 m of 68.95 g/t gold (see press release dated Jan.26, 2009)
Bill Harris, CEO & COO commented "Although the company has been extremely pleased with the results to date, this correction of a gold interval to ten times the original value definitely reinforces the high grade trend that exists in this area of the Nucleus zone. Also, the high grade interval of 46.96 m in GRD08-073 of 14.51 g/t gold instead of 9.60 g/t gold represents a 51 % increase in the gold content within this interval, which is very exciting."
Drill sections and a 3D visualization can be viewed at www.corebox.net or by following a link on the Company's website at www.northernfreegold.com.
The Nucleus Zone was originally identified as a low grade bulk tonnage near surface gold target. The majority of past exploration drilling focused on targeting the low grade bulk tonnage gold mineralization that appears to be associated with north-south trending vein systems. High grade gold bearing quartz + chalcopyrite ± pyrite veins and gold bearing infill in breccias, and gold-rich ± copper skarns have now been also indentified in a different orientation within the Nucleus zone area. Data generated from oriented core analysis coupled with ongoing geological modeling of the Nucleus zone has revealed that the gold-rich ± copper skarns encountered to date appear to follow the east-west orientation of the foliation within the metasediments and that a set of gold bearing quartz + chalcopyrite ± pyrite veins also trend east-west, in addition to the previously targeted north-south trending vein systems.
Modeling of the geology and the petrogenesis of the mineralization is in process. A NI 43-101 compliant resource will be calculated on the Nucleus Zone in 2009 once all the results are received and interpreted. The new geological model will help define targets to expand mineralization which is open in all directions and to depth.
Results are still pending for twelve drill holes in the Nucleus zone.
Freegold Mountain Project
The Freegold Mountain Project is a road accessible district scale property that covers 166 square km (64 square miles). Within the project expanse are at least 20 known mineralized zones, some with historical resource estimates (not compliant with NI 43-101). Northern Freegold has been actively drilling on five of those zones (2% of the total project area), two of which to calculate NI 43-101 resource calculations at the end of the 2008 program (Nucleus and Tinta), and 3 of which are still at an exploration stage (Goldy, Stoddart, Ridge).
The district scale Freegold Mountain Project is situated within the Dawson Range portion of the Tintina Gold Belt, characterized by plutonic rocks of the ca 100 million year old Cretaceous Dawson Range Batholith and Early Jurassic metaplutonic rocks, intruding Devono-Mississippian 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. The Freegold Mountain Project covers a 35 km long section of this belt.
Tinta Zone
The Tinta Zone, located 22 km to the east from the Nucleus Zone, is a high grade gold-silver-copper polymetallic vein system. The 2008 program was focused on drilling the vein system such that a NI 43-101 compliant resource may be calculated at the Tinta Zone, upon receipt of results. A total of 17 holes totaling 3,807 m (12,487 feet) have been drilled. Results are pending on all 17 holes.
Stoddart Zone
The Stoddart Zone is located 8 km from the Nucleus Zone. Two holes, testing a soil geochemical anomaly, drilled at the end of the 2007 program intersected porphyry style mineralization at the Stoddart Zone. A total of 10 holes totaling 2560 m (8,397 feet) have been drilled in 2008 to expand upon the 2007 discovery of porphyry mineralization. Results are pending on all 10 holes.
Quality Control and Assurance. The holes were drilled by a skid mounted diamond drill with NTW core size (5.6 cm/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.
To determine Au levels at the ppb level (detection limit 5-1000 ppb) 30 g samples are fire assayed then digested in aqua regia solution and analyzed by atomic absorption. Over-limit values are re-assayed by fire assay and then digested with aqua regia and then re-analyzed by an atomic absorption instrument (detection limit 0.03 g/t). Other elements are analyzed by a 29 elements package (ICP-AES analysis). EcoTech has verified there are no other typographical errors with respect to the Freegold Mountain assays. Additional check-analyses 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 Dr. Fabrizio Colombo, P.Geo.
Northern Freegold is a rapidly advancing Canadian-based precious metals exploration and development company, which brings local expertise and strong management to focus on the development of economic mineral resources on the district-scale Freegold Mountain gold and copper project in the Yukon and the Burro Creek gold and silver property in Arizona.
Northern Freegold Resources Ltd.
On behalf of the Board of Directors
Signed "Susan P. Craig"
Susan P. Craig
President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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.
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| | You can view the Previous 2009 Results item: Thu Mar 19, 2009, Northern Freegold Drills 1.10 m of 36.18 g/t Gold and 45.35 g/t Silver in Tinta Zone at the Freegold Mountain Project, Yukon
You can view the Next 2009 Results item: Mon Jan 26, 2009, Northern Freegold Intersects 4.00 metres of 68.95 g/t Gold including 0.96 metres of 256.00 g/t Gold in Nucleus Zone at Freegold Mountain, Yukon
You can return to the main 2009 Results page, or press the Back button on your browser.
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