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Revenue Target Deposit upgraded to NI43-101 Deposit as of January 2012.
New + million ounce gold deposit located adjacent to existing + million ounce gold deposit at Nucleus
Newly defined Inferred Resource of 101 million tonnes of mineralized material containing 1.1 million ounces gold, 10.2 million ounces silver, 287 million pounds of copper, and 90 million pounds of molybdenum grading 0.34 g/t gold, 3.14 g/t silver, 0.13 % copper and 0.04 % molybdenum using a gold equivalent* ("AuEq") cut-off grade of 0.5 grams per tonne ("g/t")
This equates to a total of 3.7 million gold equivalent ounces at a grade of 1.1 g/t AuEq
The Revenue Zone deposit remains open laterally and at depth
The results at various AuEq cut-off grades for the Revenue Deposit are tabulated below.
| AuEq (g/t) |
Tonnage
(Mt) |
Gold |
Silver |
Copper |
Molybdenum |
AuEq* |
| Cut-off |
g/t |
Ounces |
g/t |
Ounces |
% |
Pounds |
% |
Pounds |
g/t |
Ounces |
| 0.3 |
158 |
0.27 |
1,345,000 |
2.49 |
12,605,000 |
0.11 |
370,517,000 |
0.03 |
103,560,000 |
0.83 |
4,419,000 |
| 0.4 |
129 |
0.30 |
1,232,000 |
2.76 |
11,420,000 |
0.12 |
331,554,000 |
0.03 |
98,409,000 |
0.94 |
4,076,000 |
| 0.5 |
101 |
0.34 |
1,119,000 |
3.14 |
10,194,000 |
0.13 |
286,871,000 |
0.04 |
89,606,000 |
1.08 |
3,659,000 |
| 0.6 |
81 |
0.38 |
994,000 |
3.40 |
8,831,000 |
0.13 |
239,407,000 |
0.05 |
84,527,000 |
1.21 |
3,276,000 |
| 0.7 |
62 |
0.43 |
850,000 |
3.64 |
7,211,000 |
0.15 |
199,568,000 |
0.06 |
76,941,000 |
1.38 |
2,848,000 |
*Gold equivalent (AuEq) for the Revenue Resource is calculated based upon prices of US$1,016/oz for gold, US$15.82/oz for silver, and US$2.95/lb for copper and US$15.82/lb for molybdenum, and assumes 100% metal recovery with no discount for metallurgical recovery in contained metal figures (Note: total contained AuEq metal values may not add exactly because of rounding).
The map below illustrates the significant opportunity at the Revenue Deposit. Only ~50% of the original Target Deposit is included in the new NI43-101 resource.
 The Revenue Zone extends from the eastern edge of the Nucleus gold deposit southeast for approximately six kilometers, and spans approximately four kilometers north-south.
Modeling and data compilation at the Nucleus and Revenue zones has identified a significant gold and copper soil anomaly covering 24 km2 with values reaching over 1000ppb gold and 500ppm copper. The million ounce Nucleus gold deposit sits on the western side of this anomaly.
The Nucleus deposit remains open to further expansion and it is thought to be part of a much larger system that extends into the Revenue Zone. The analysis of compiled historical work, the extensive soil anomaly, and geophysics suggests the potential for a large porphyry Au ± Cu ± Ag ± Mo system in the Nucleus and Revenue Zones. The geological and mineralogical characteristics of the Revenue Zone are similar to deposits in the region which have developed multi-million ounce gold resources with multi-billion pound copper resources.
The 60 line-km Titan geophysical survey completed in the summer of 2010 encompassed a 30 sq km area including the Nucleus and Revenue. Drill testing to date in the Nucleus and Revenue test a very small portion of the significant chargeability anomaly (near direct indication of mineralization). An intial target deposit was outlined based on this drilling and can be seen in the figure below.
Drill Results
Table 1. Significant Gold, Copper, Silver and Molybdenum Intercepts From the 2011 Revenue Zone Drill Program
| Hole # |
From |
To |
Length (m)1 |
Au (g/t) |
Ag (g/t) |
Cu (%) |
Mo (%) |
AuEq (g/t)2 |
| RVD11-014 |
282.2 |
492.3 |
210.1 |
0.20 |
1.94 |
0.07 |
0.01 |
0.46 |
| Incl. |
300.9 |
330.7 |
29.8 |
0.39 |
1.54 |
0.18 |
0.02 |
1.02 |
| and |
387.9 |
409.9 |
22.0 |
0.38 |
1.59 |
0.05 |
0.01 |
0.62 |
| and |
452.6 |
465.5 |
12.9 |
0.50 |
1.64 |
0.13 |
0.03 |
1.10 |
| and |
479.1 |
485.1 |
6.1 |
1.24 |
11.67 |
0.24 |
0.00 |
1.92 |
| RVD11-016 |
12.0 |
57.2 |
45.2 |
0.66 |
1.35 |
0.06 |
0.00 |
0.82 |
| RVD11-016A |
322.8 |
342.8 |
20.0 |
0.01 |
0.77 |
0.05 |
0.05 |
0.63 |
| RVD11-016A |
377.3 |
483.0 |
105.8 |
0.07 |
1.49 |
0.09 |
0.05 |
0.79 |
| Incl. |
391.4 |
427.4 |
36.0 |
0.10 |
2.37 |
0.15 |
0.11 |
1.66 |
| RVD11-019 |
42.8 |
347.6 |
304.8 |
0.47 |
3.68 |
0.12 |
0.02 |
0.95 |
| Incl. |
55.2 |
89.0 |
33.8 |
0.35 |
5.26 |
0.24 |
0.01 |
1.06 |
| and |
141.5 |
263.2 |
121.7 |
0.93 |
6.20 |
0.16 |
0.03 |
1.64 |
| RVD11-020 |
192.9 |
222.5 |
29.6 |
0.47 |
2.58 |
0.07 |
0.00 |
0.69 |
| RVD11-020 |
242.4 |
399.1 |
156.7 |
0.16 |
2.53 |
0.10 |
0.00 |
0.42 |
| Incl. |
338.3 |
351.2 |
13.0 |
0.63 |
9.01 |
0.32 |
0.00 |
1.45 |
| and |
362.4 |
379.0 |
16.7 |
0.34 |
4.45 |
0.15 |
0.01 |
0.79 |
| RVD11-020 |
437.5 |
502.7 |
65.2 |
0.41 |
3.28 |
0.14 |
0.00 |
0.77 |
| RVD11-022 |
52.6 |
210.1 |
157.5 |
0.31 |
3.10 |
0.14 |
0.01 |
0.73 |
| Incl. |
72.3 |
95.4 |
23.1 |
0.36 |
4.37 |
0.20 |
0.01 |
0.94 |
| and |
102.9 |
147.3 |
44.4 |
0.42 |
4.53 |
0.19 |
0.01 |
0.99 |
| and |
161.9 |
204.1 |
42.2 |
0.25 |
3.12 |
0.14 |
0.01 |
0.71 |
| RVD11-022 |
236.1 |
304.7 |
68.6 |
0.33 |
2.46 |
0.12 |
0.03 |
0.97 |
| RVD11-022 |
461.6 |
501.8 |
40.2 |
0.22 |
2.53 |
0.03 |
0.03 |
0.60 |
| RVD11-026 |
93.1 |
108.6 |
15.5 |
0.16 |
3.29 |
0.11 |
0.01 |
0.50 |
| RVD11-026 |
123.9 |
235.5 |
111.6 |
0.16 |
2.63 |
0.11 |
0.01 |
0.54 |
| Incl. |
167.2 |
176.9 |
9.7 |
0.45 |
6.64 |
0.27 |
0.03 |
1.39 |
| and |
194.6 |
215.5 |
20.9 |
0.23 |
4.20 |
0.19 |
0.02 |
0.94 |
| and |
219.0 |
229.5 |
10.5 |
0.22 |
3.57 |
0.14 |
0.01 |
0.68 |
| RVD11-026 |
312.7 |
330.6 |
17.9 |
0.15 |
0.73 |
0.07 |
0.02 |
0.54 |
| RVD11-028 |
48.2 |
65.6 |
17.4 |
0.18 |
1.53 |
0.08 |
0.00 |
0.41 |
| RVD11-028 |
78.0 |
301.3 |
223.3 |
0.36 |
3.98 |
0.18 |
0.08 |
1.58 |
| Incl. |
112.2 |
135.0 |
22.8 |
0.60 |
5.55 |
0.30 |
0.02 |
1.50 |
| and |
146.7 |
272.3 |
125.6 |
0.44 |
5.15 |
0.21 |
0.13 |
2.29 |
| RVD11-031 |
235.7 |
374.4 |
138.6 |
0.26 |
1.85 |
0.08 |
0.02 |
0.69 |
| Incl. |
288.7 |
296.1 |
7.4 |
2.16 |
14.02 |
0.77 |
0.04 |
4.39 |
| and |
307.7 |
324.5 |
16.8 |
0.30 |
2.73 |
0.12 |
0.07 |
1.34 |
| RVD11-031 |
461.6 |
471.6 |
10.0 |
0.26 |
1.95 |
0.07 |
0.01 |
0.52 |
| RVD11-032 |
390.4 |
548.0 |
157.6 |
0.24 |
1.42 |
0.04 |
0.01 |
0.42 |
| Incl. |
419.1 |
457.8 |
38.7 |
0.74 |
4.21 |
0.09 |
0.01 |
1.07 |
1 True widths unknown
2Au equivalent metal prices: US$1,016.00/oz gold, US$2.95/lb copper, US$15.82/oz silver and US$34.88/kg molybdenum (3 yr average; no discount for metallurgical recovery in contained metal figures).
News & Results
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February 22, 2011
Northern Freegold Announces Updated NI 43-101 Resource Estimate for Nucleus, Freegold Mountain Yukon
Vancouver, BC: February 22, 2011. Northern Freegold Resources Ltd. (NFR: TSX-V) is pleased to announce an updated NI 43-101 mineral resource estimate for the Nucleus deposit, located on the road accessible district scale Freegold Mountain Project in the Yukon.
The new resource (at a 0.4 AuEq cut-off) contains 48.5M tonnes grading 0.70 g/t gold, 0.90 g/t silver and 0.06% copper (1.1 M oz Au, 1.4 M oz Ag, 67.8 M lbs Cu or 1.4 Moz AuEq) in the Indicated Category and 41.5M tonnes grading 0... (73 KB) |
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November 22, 2010
Northern Freegold Drilling Expands Mineralization in Revenue Zone; Reports Results from Titan-24 Geophysical Survey
Highlights
... (88 KB) |
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August 10, 2010
Northern Freegold Reports on Progress and Enhances Drill Program with Titan Deep IP Survey At Freegold Mountain, Yukon
Highlights
... (14 KB) |
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July 08, 2010
Northern Freegold Adds Second Drill Ahead of Schedule to Successful Drilling Program at Freegold Mountain Project, Yukon
Vancouver, BC: July 8, 2010. Northern Freegold Resources Ltd. (NFR: TSX-V) is pleased to announce arrival of the second drill ahead of schedule at the road accessible, district scale (198 km2) Freegold Mountain Project. Step out diamond drilling began at the Nucleus Deposit (million ounce1 NI 43-101 compliant inferred gold resource) on June 29, 2010. The Nucle... (10 KB) |
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June 07, 2010
Northern Freegold Phase 1 10,000 m drill program underway at Freegold Mountain Project, Yukon
Vancouver, BC: June 7, 2010. Northern Freegold Resources Ltd. (NFR: TSX-V) is pleased to announce that the drill is on site and drilling will commence immediately at the road accessible, district scale (198 km ) Freegold Mountain Project in the Yukon Territory. The reverse circulation (RC) drill rig will begin testing the large scale gol... (10 KB) |
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May 21, 2010
Presidents Update Letter
Dear Shareholder,
As President and newly appointed CEO of NFR, I am pleased to provide an update on the status of Northern Freegold Resources on behalf of the management team. Although market conditions remain challenging, we are pleased with the recent upward trend in Gold. We continue to focus on the development of resources on the Freegold property while aggressi... (14 KB) |
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May 11, 2010
Northern Freegold Initiates Resource Expansion Program on Major Gold and Copper Target with 10,000 m Phase 1 Drill Program at Freegold Mountain Project, Yukon
Vancouver, BC: May 11, 2010. Northern Freegold Resources Ltd. (NFR: TSX-V) is pleased to announce plans for its 2010 phase 1 drill program at the Freegold Mountain Project in the Yukon Territory. Mobilization to the road accessible, district scale (198 km2) Freegold Mountain Project will begin mid May, with drills turning by June 1st.
2010 Phase 1 Prog... (24 KB) |
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April 29, 2010
Northern Freegold Files Nucleus Deposit NI 43-101 Compliant Technical Report
Vancouver, BC: April 29, 2010. Northern Freegold Resources Ltd. (NFR: TSX-V) is pleased to announce that it has filed the NI 43-101 compliant report supporting the Company's recent resource increase at its Nucleus deposit. (See PR #10-06, March 5, 2010) The Nucleus deposit is the most advanced stage exploration target on the road accessible district scale 198 squa... (11 KB) |
Photo Gallery
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The Revenue Zone extends from the eastern edge of the Nucleus gold deposit southeast for approximately six kilometers, and spans approximately four kilometers north-south. 
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