Northern Freegold acquired the Burro Creek Gold/Silver Property located in Mohave County, Arizona, U.S.A. The deposit model for the property is the bulk mineable and bonanza type low sulphidation epithermal gold-silver model. Examples include the El Penon Mine of Meridian Minerals in Chile (9.3 million tons grading 6.6 g/t (.21 oz/ton) gold, www.meridiangold.com) and the Midas Mine of Newmont in Nevada (2.7 million tons grading 34.7 g/t (1.11 oz/ton) gold reported by Casteel et al, GSN sp. pub. No.29, 1999.)
- Indicated resource of 2.3 M t grading 1.01 g/t Au and 36.77 g/t Ag (yielding 122,491 ounces at 1.63 g/t AuEq)
- Inferred resource of 2.2 M t grading 0.60 g/t Au and 30.95 g/t Ag (yielding 81,304 ounces at 1.13 g/t AuEq)
- Excellent potential to expand resource
- Infrastructure (highway, water and power) within 2 km (1.2 mi)
The Burro Creek Property is located 1.6 km off State Highway 93 in Mohave County, Arizona, 105 km southeast of Kingman, Arizona, and 265 km southeast of Las Vegas, Nevada. The 2000 acre property consists of four patented mineral claims and 100 surrounding located mineral claims, 50 of which were recently staked by NFR to cover strike extensions of the known vein system.
Previous reverse circulation, diamond drilling and underground development conducted on the property focused on a 300 metre 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.
This historical resource estimate was completed in 1988 by K. Hanna, a Professional Engineer. Within this historical drill-proven resource, an open pittable resource of 1.2 million tons grading 0.04 oz gold and 1.470 oz silver per ton respectively with a 1:1 stripping ratio was defined in a historical independent positive feasibility study by A.J. Suchar in 1988, an independent Professional Engineer.
In 2008 Northern Freegold completed 2,565 m of drilling in 33 hoes to confirm prior drill results, conduct infill drilling and to explore the down dip potential of the vein in order to produce a NI 43-101 resource, as well as explore the Burro Vein along strike and dip.
*Gold equivalent (AuEq) is calculated based upon prices of US$846.00/oz gold and US$14.40/oz for silver with no discount for metallurgical recovery in contained metal figures (Note: total contained AuEq values may not add exactly because of rounding).
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Burro Creek
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