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Adjacent properties include the La Forma and Antoniuk deposits, as documented by the Yukon Geology Program as Minfile Numbers 115I 050 (Deklerk and Traynor, 2004) and the adjacent Ant property, all held by FM Resources Corp and situated between the Goldy and Goldstar properties of Northern Freegold Resources Ltd.
The La Forma deposit, with over 1540m of underground development on three different levels, covers the G-3 and G-3 Extension structures, both of which are open along strike and at depth. The deposit was mined on a small scale in 1939 (1,290 tonnes grading 34 g/t gold and 47 tonnes of sulphide concentrate of undisclosed grade) and in 1965-66 (8,670 tonnes grading 5.8 g/t gold). A drill indicated mineral resource completed prior to the implementation of NI 43-101 standards for the G-3 and G-3 Extension structures of approximately 602,000 tonnes averaging 4.3 g/t gold, with 260,000 tonnes of oxidized mineralization grading an average of 9.6 g/t gold at a cut-off of 1.1 g/t (approximately 80,000 ounces contained gold) is reported by FM Resources, (January, 1999). Approximately 55% of the currently known structure is untested.
The Antoniuk property covers the northeast trending, steep west dipping Rambler Vein and the heap leachable low grade, bulk tonnage gold-copper-silver Antoniuk deposit hosted by a Cretaceous intrusive breccia and porphyry complex. The deposit was originally identified by a strong soil geochemical anomaly over a 500m by 300m area. In 1986 the deposit was partially delineated by diamond drilling followed up by RC drilling, outlining 4 million tonnes of oxide mineralization averaging 1.44 g/t gold (168,000 ounces contained gold) to a depth of 185m, mineable by open pit methods at a waste to ore ratio of 1.14 to 1. This resource was also calculated prior to the implementation of NI 43-101 standards and may not conform to current NI 43-101.
The Cash porphyry deposit, northwest of the project area within the Selkirk First Nation R9-A Land Claim Block,covers a 3 km by 0.9 km area of porphyry style mineralization, hosted by feldspar porphyry dykes and plugs. A resource of 36.3 million tonnes grading 0.17% Cu, 0.018% Mo, with about 0.2 g/t Au (233,440 ounces contained gold), open in three directions and at depth, was estimated based on 20 shallow drill holes at 150m centers from 1975-77. This resource was calculated prior to the implementation of NI 43-101 standards and may not conform to current NI 43-101. Since the resource estimate only two diamond holes were drilled in 1991 returning 0.21% Cu, 0.015% Mo and 0.14 g/t Au over 235m from hole 91-2.
Precious metal rich mineralization may occur peripheral to the porphyry body (similar to the Golden Revenue property), evidenced by gold and gold-arsenic soil geochemical anomalies and arsenopyrite bearing float grading 68 g/t Au and 710 g/t Ag.
The Carmacks Copper Deposit of Western Copper Corp. is situated to the east of the Freegold District. Western Copper reports an open-pit mineable reserve of 15.5 million tonnes grading 1.01% copper. Basic engineering was completed on this project in 1997, suggesting an economic project above US$1.05/lb. copper. Western Copper is currently aggressively exploring the property to confirm and update the mineable reserve to 43-101 standards, and are also proceeding with mine permitting.
The Casino porphyry deposit of Lumina Copper, approximately 100 km northwest of Mt. Freegold, within the Dawson Range has a published resource of 964 mt grading 0.22% Cu, 0.24 g/t Au and 0.02% Mo, completed prior to the implementation of NI 43-101 standards.
The past-producing Mount Nansen property presently under care and maintenance of the Federal Government,is located 30km south of the Freegold project area and contains structurally-related gold, silver, copper and zinc mineralization. Published reserves (pre N.I. 43-101) consist of 950,000T grading 9.4 g/T Au and 190 g/T Ag. In the Mount Nansen area, Aurchem Resources is exploring a gold-silver property that they are evaluating to enter into the permitting process.
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