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2013 Exploration

Freegold Mountain Project


2013 Program Overview


The goal of the 2013 program was to assess select areas of the property, east of the Nucleus and Revenue deposits, which have previously shown potential to host high grade-epithermal style gold mineralization, but have seen only limited exploration in recent years. A total of 216 rock samples and 1176 soil samples were obtained over the course of the 21 day exploration campaign. A new gold mineralized area (Irene Showing) was discovered during the course of the 2013 exploration program.


IRENE SHOWING

The 2013 exploration program resulted in the discovery of a new high-grade gold occurrence named the Irene. This occurrence was discovered within a larger target area identified for follow-up as a result of an induced polarization survey completed by Northern Freegold in 2011. Thirty-four chip samples were collected from bedrock in six separate trenches at Irene. Five of the six trenches crossed the mineralized zone perpendicular to the suspected strike of the zone. Complete trench results are tablulated below.


Irene Showing
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Attention was brought to the Irene area late in the program by local placer operators processing gravels in Guder Gulch. Upon inspection of the bedrock within the placer excavation, geologists found areas of extensive brecciation and alteration.


 

Irene Trench Result Highlights:
Trench Name Mineralized Intervals
TR13-017 0.93 gpt Au over 6.5 m (including 3.57 gpt Au/1.5 m)
TR13-018 3.47 gpt Au over 7.0 m (including 10.90 gpt Au/1.0 m)
TR13-019 2.24 gpt Au over 7.0 m (including 3.05 gpt Au/3.0 m; also including 4.82 gpt Au/1.0 m)
TR13-020 0.48 gpt Au over 7.0 m (including 1.49 gpt Au/2.0 m)
TR13-021 7.11 gpt Au over 3.0 m (including 10.1 gpt Au/2.0 m; also including 11.3 gpt Au/1.0 m)
TR13-022 1.65 gpt Au over 2.5 m


 

Gold mineralization at Irene is hosted in veins and breccias at the contact between a granitoid stock and metasediments. Mineralization is currently believed to be controlled by a property scale structural corridor which parallels the intrusive-metasediment contact. This structural corridor is part of the Big Creek Fault zone. Mineralogy indicates that the occurrence has an affinity towards a low-sulphidation epithermal gold system. The current extent of the Irene Zone extends 80 metres along strike and remains open in all directions. Bedrock exposure in the immediate area is encumbered by extensive gravel cover.


Irene Complete Sample Results:
Sample Number Location Au (g/t) Interval (m)
AHFGR065 TR13-017 4.270 0.5
AHFGR066 TR13-017 3.230 1.0
AHFGR067 TR13-017 0.375 1.0
AHFGR068 TR13-017 0.010 1.0
AHFGR069 TR13-017 0.011 1.0
AHFGR070 TR13-017 0.088 1.0
AHFGR071 TR13-017 0.232 1.0
AHFGR072 TR13-018 10.900 1.0
AHFGR073 TR13-018 4.770 1.0
AHFGR074 TR13-018 0.022 1.0
AHFGR075 TR13-018 0.313 1.0
AHFGR076 TR13-018 1.250 1.0
AHFGR077 TR13-018 2.540 1.0
AHFGR078 TR13-018 4.530 1.0
MMFGR139 TR13-019 1.230 1.0
MMFGR140 TR13-019 1.325 1.0
MMFGR141 TR13-019 2.850 1.0
MMFGR142 TR13-019 1.140 1.0
MMFGR144 TR13-019 4.820 1.0
MMFGR145 TR13-019 0.420 1.0
MMFGR146 TR13-019 3.910 1.0
MMFGR147 TR13-020 0.021 1.0
MMFGR148 TR13-020 0.182 1.0
MMFGR149 TR13-020 0.011 1.0
MMFGR151 TR13-020 0.087 1.0
MMFGR152 TR13-020 1.475 1.0
MMFGR153 TR13-020 1.505 1.0
MMFGR154 TR13-020 0.137 1.0
MMFGR155 TR13-021 9.030 1.0
MMFGR156 TR13-021 11.350 1.0
MMFGR158 TR13-021 0.977 1.0
MMFGR159 TR13-021 0.021 1.0
AHFGR079 TR13-022 2.420 1.5
AHFGR080 TR13-022 0.497 1.0
MMFGR084 Grab 0.307 n/a
MMFGR085 Grab 3.710 n/a


The company and its consultants are currently compiling and reviewing all remaining data from the 2013 program. Further results from the exploration program will be released by the Company once data analysis and interpretation is complete.


DISCOVERY ZONE (Seymour-Goldstar)

The Discovery Zone consists of a number of porphyry, skarn, and epithermal showings and targets which collectively cover an area encompassing approximately seven square kilometres.

The objective of the 2013 program was to assess an area within the Discovery Zone historically known as the Northwest Zone. Geochemical surveys have previously identified a 150-250 metre wide by 1,700 metre long gold in soil anomaly (> 90th percentile) which is centered on the historic Melissa Showing. The geochemical surveys and trenching activities completed during 2013 were designed to ground truth historic soil values, provide multi-element geochemistry, and trench high priority geochemical targets.

The 2013 geochemical survey from the Discovery area has successfully delineated a 150 to 300 metre wide by 900 metre long west-northwest trending zone of coincident anomalous gold-silver-arsenic-bismuth-lead-antimony in soil east of the existing geochemical grid completed in 1986 and west of the geochemical grid completed in 2011. The total strike length of the anomalous gold zone (> 90th percentile) is currently defined up to 1,700 metres. This zone has never been drill tested.

Initial data analysis completed prior to this year's field activities included compilation of historic drill hole assays and surface rock samples to identify elemental correlations with gold mineralization. These correlations were then used to determine which pathfinder elements would be used to delineate prospective exploration zones during post-field data analysis. The data analysis concluded that silver (Ag), bismuth (Bi), and arsenic (As) are strong pathfinder elements for gold mineralization, whilst lead (Pb) and antimony (Sb) are moderate pathfinder elements for gold mineralization, within the Northwest or Seymour Zone.

A total of 14.7 line kilometres of geochemical surveys totalling 590 B-horizon soil samples were collected during the program using soil augers. The 2013 geochemical survey from the Discovery area has successfully delineated a 150 to 300 metre wide by 900 metre long west-northwest trending zone of coincident anomalous gold (90th - 99th percentile), silver (90th - 99th percentile), arsenic (90th - 99th percentile), bismuth (75th - 99th percentile), lead (90th - 99th percentile), and antimony (75th - 99th percentile) in soil east of the existing geochemical grid completed in 1986 and west of the geochemical grid completed in 2011. The total strike length of the anomalous gold zone (> 90th percentile) is currently defined up to 1700 metres and has never been drill tested.


DISCOVERY ZONE SOIL ANOMALY
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DISCOVERY ZONE SOIL ANOMALY
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GOLDY ZONE (Goldy-Dart)

The objectives of the 2013 program at the Goldy Zone were to conduct orientation surveys over zones of known mineralization and to extend the survey north of the historic grid, completed in 1987, to determine if a structural "link" is present between the Goldy and Dart Zones. The Dart showing lies 1.8 km north of the Goldy Zone. The orientation survey was completed to provide the following control: 1) ground truth historic geochemical results and 2) to provide multi-element geochemistry of soils overlying mineralized zones; an exercise which has never been completed for the Goldy zone.

The 2013 geochemical survey from the Goldy-Dart Zone has successfully delineated a 150 metre wide by 400 metre long extension of coincident anomalous gold-arsenic-cadmium in soil north of the existing geochemical grid completed in 1987. The total strike length of the anomalous zone is currently defined up to 1.3 km north of the Goldy showing. The Goldy zone has previously been drill tested by the Company and has returned significant gold mineralization (refer to news releases #08-22 and #09-03).

Initial data analysis completed by TerraLogic Exploration Inc. prior to this year's field activities included compilation of historic drill hole assays to identify elemental correlations with gold mineralization. These correlations were then used to determine which pathfinder elements could be used to delineate prospective exploration zones. The data analysis concluded that both arsenic (As) and cadmium (Cd) are pathfinder elements for gold mineralization at the Goldy Zone, whilst silver (Ag), copper (Cu), and lead (Pb) are pathfinder elements for gold mineralization at the Dart Zone.

A total of 12.9 line kilometres of geochemical surveys totalling 533 B-horizon and 5 C-horizon soil samples were collected during the program. The 2013 geochemical survey from the Goldy-Dart Zone has successfully delineated a 150 metre wide by 400 metre long extension of coincident anomalous gold-arsenic-cadmium in soil north of the existing geochemical grid completed in 1987. The total strike length of the anomalous zone is currently defined up to 1.3 km north of the Goldy showing, which has previously been drill tested by the Company.


GOLDY ZONE SOIL ANOMALY
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Orientation surveys were completed over zones of interest identified through historic trenching and geochemical soil surveys. Exploratory pits were dug using an excavator to a depth where samples could be collected from the B-Horizon/C-horizon interface. Rock samples were also collected where possible to provide analytical results which characterize the lithogeochemical signature of the mineralization. Comparison of the data indicates that soils overlying zones of mineralization are enriched in gold and the key pathfinder elements identified above. B-horizon soil samples were collected using soil augers.

The 2013 results indicate the potential for significant expansion of the main Goldy Zone to the north. A 1.0 metre chip sample (AHFGR055) located 475 metres north-northeast of the Goldy Zone returned an assay value of 2.47 g/t Au. The sample appears to represent a splay of the structure which hosts the main Goldy showing. A grab sample (AHFGR054) of silica altered fault breccia, collected 20 metres west of AHFGR055, returned an assay value of 1.50 g/t Au. A strong gold-arsenic anomaly (95th-99th percentile) identified in 1987, measuring 150 to 200 metres wide by 475 metres long, connects the two zones. Mineralization observed in AHFGR054-055 has similar geological and geochemical characteristics as samples collected from the Goldy Zone. The coincident anomalous soil geochemistry suggests that the two zones are connected along a variably mineralized north-south trending structural corridor. This area represents a high priority exploration target warranting follow up work.

Results from the 2013 program indicate that the Goldy Zone and the Dart Zone appear to be discrete zones. A moderate (80th-95th percentile) gold, strong (90th-99th percentile) silver, moderate (75th-99th percentile) copper and strong (90th-99th percentile) lead anomaly was identified in the immediate area of the historic Dart workings and extends 200 metres to the northwest. The soil anomaly is closed to the southeast and remains open to the northwest. The Dart showing has yielded significant gold results in the past, but is not currently ranked as a high priority exploration target.

   

0.77 g/t Au Grab-brecciated and altered rock from the Irene showing
 

3.77 g/t Au Grab-brecciated and altered rock from the Irene showing
 
   

Rock Sampling at Freegold Mountain
 

Placer mining at Guder Creek
 
   

Placer mining at Mechanic Creek
 

Historic trench at Dart