|February 27, 2012|
Northern Freegold Commences Metallurgical Testing at Freegold Mountain, Yukon
|Vancouver, BC: February 27th, 2012. Northern Freegold Resources Ltd. (NFR: TSX-V, OTCQX: NFRGF) is pleased to announce the initiation of preliminary metallurgical testing of material from the company's Porphyry gold-copper Project in the Yukon, Canada. |
Testing will be performed by SGS Canada Inc. of Vancouver, BC under the supervision of Jalal Tajadod, Ph.D., PEng., Senior Metallurgist. SGS has over 70 years' experience and is a global leader in metallurgical and mineralogical services.
The testwork on the Revenue deposit will focus on three key metallurgical sub-composites identified by NFR. These representative sub-composites and six variability composites will be formed from material originating from the 2011 drill holes within the Revenue resource area. In addition two representative samples from 2009 drill holes within the Nucleus Zone resource will also be formed.
Each metallurgical composite sample comprises approximately 100 kilograms of drill core coarse reject. Each sample is length weighted to represent complete mineralized intersections. Samples will be characterized for mineralogy before being subjected to gold, silver and tungsten gravity separation and bulk copper/molybdenum floatation concentration. From this testwork a metal recovery flowsheet will be developed. This process flowsheet can then be used to assess the economics of metal extraction from the Revenue and Nucleus deposits.
Northern Freegold President and CEO John Burges commented: "With our recent significant expansion of the resource base, we have established the potential of the Freegold Mountain gold-copper project. This metallurgical program is a key step in the evolution of the project, and the resulting data will assist in demonstrating the economics of this rapidly expanding project."
The metallurgical program is expected to last approximately 3-4 months.
About Northern Freegold
Northern Freegold Resources Ltd. (OTCQX: NFRGF; TSX.V: NFR) trades in the United States on OTCQX under the symbol "NFRGF", and in Canada on the TSX Venture under the symbol "NFR". Northern Freegold is a rapidly advancing Canadian-based precious metals exploration and development company. Northern Freegold brings wide-ranging 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. Management believes its Freegold Mountain Project is part of a large scale gold-rich porphyry system, which extends in an east-west direction for more than 8km. The system shows the same geological characteristics to other porphyry deposits in the region which host multi-million ounce gold resources and reserves with multi-billion pound copper resources.
PR Contact for Northern Freegold Resources:
Julie Hajduk, Manager of Investor Relations, + (604) 893-8757, firstname.lastname@example.org
On behalf of the Board of Directors
Signed "John Burges"
John Burges, President and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements The information in this press release includes certain "forward-looking statements." All statements, other than statements of historical fact, included herein including, without limitation, plans for and intentions with respect to the company's properties, statements regarding intentions with respect to obligations due for various projects, strategic alternatives, quantity of resources or reserves, timing of permitting, construction and production and other milestones, are forward looking statements. Statements concerning Mineral Reserves and Mineral Resources are also forward-looking statements in that they reflect an assessment, based on certain assumptions, of the mineralization that would be encountered and mining results if the project were developed and mined in the manner described. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from NFR's expectations include the uncertainties involving the need for additional financing to explore and develop properties and availability of financing in the debt and capital markets; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; the need for cooperation of government agencies and First Nation groups in the exploration, and development of properties; and the need to obtain permits and governmental approval. NFR's forward looking statements reflect the beliefs, opinions and projections of management on the date the statements are made. NFR assumes no obligation to update the forward looking statements if management's beliefs, opinions, projections, or other factors should they change.
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