Northern Freegold Drilling Intersects 1.75 m of 21.18 g/t Gold Within 23.7 m of 2.84 g/t Gold in Goldy Zone, Freegold Mountain Project, Yukon
Thu Sep 25, 9:10 AMVANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 25, 2008) - Northern Freegold Resources Ltd. (TSX VENTURE: NFR.V) is pleased to announce results from the 2008 drill program at the Goldy Zone located in the eastern portion of the district scale Freegold Mountain Project, Yukon. The Goldy Zone is located 17 km from the Nucleus Zone. The 2008 program consisted of ground geophysics, and the drilling of 8 diamond drill holes (1,500 m, 4,920 feet) based upon historical gold-in-soil anomalies, trenching and 2007 drilling.
Highlights: - Drill hole GY08-27 intersected 23.70 m (77.76 feet) of 2.84 g/t gold including -- 1.75 m (5.74 feet) of 21.18 g/t gold and -- 1.45 m (4.76 feet) of 11.26 g/t gold - 2008 drill program was conducted within a shear zone, the extent of which is yet to be defined - Mineralization within the Goldy Zone starts at surface - The Goldy Zone is at the intersection of a 3 km gold in soil anomaly trending north-south; and a 4 km gold in soil anomaly trending northwest-southeast - The Goldy Zone is located 4 km from a past producing gold mine The Goldy Zone occurs at the northwest-trending contact between the Jurassic Big Creek Syenite and Devonian gneisses of the Yukon-Tanana Terrane. The 2008 drill program confirmed the presence of a mineralized shear zone at this contact, as gold intervals were encountered in all 2008 drill holes (see table next page). Bill Harris, CEO & COO, commented, "Encountering high grade gold intervals near surface in the Goldy Zone is very encouraging. The potential of expanding the mineralization within the shear zone is excellent as the shear zone may represent part of a larger regional mineralizing system. Further drilling will help define the extent and size of this regional scale shear zone."
Goldy Zone
2008 Drill Results
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Length From To Interval Interval Au Au
Hole No. m m m m Feet g/t oz/ton
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GY08-27 241.40 25.00 48.70 23.70 77.76 2.84 0.083
Includes 29.05 30.80 1.75 5.74 21.18 0.618
Includes 45.80 47.25 1.45 4.76 11.26 0.328
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GY08-26 210.31 10.65 11.65 1.00 3.28 3.60 0.105
And 28.95 30.00 1.05 3.44 1.33 0.039
And 37.80 38.95 1.15 3.77 1.09 0.032
And 56.10 59.15 3.05 10.01 2.20 0.064
And 124.00 124.75 0.75 2.46 1.19 0.035
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GY08-25 202.10 122.04 123.08 1.04 3.41 3.02 0.088
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GY08-24 172.70 58.80 60.90 2.10 6.89 1.41 0.041
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GY08-23 113.99 3.40 8.12 4.72 15.49 3.47 0.101
Includes 7.00 8.12 1.12 3.67 8.62 0.251
And 55.17 56.48 1.31 4.30 3.93 0.115
And 70.16 72.20 2.04 6.69 1.22 0.036
And 100.80 107.10 6.30 20.67 0.90 0.026
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GY08-22 117.34 8.34 12.12 3.78 12.40 3.52 0.103
Includes 8.34 9.10 0.76 2.49 15.70 0.458
And 58.48 60.76 2.28 7.48 2.13 0.062
Includes 60.48 60.76 0.28 0.92 15.20 0.443
And 90.50 94.95 4.45 14.60 1.63 0.047
Includes 92.07 92.76 0.69 2.26 5.20 0.152
And 111.25 113.08 1.83 6.00 0.96 0.028
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GY08-21 166.10 7.70 9.25 1.55 5.09 2.10 0.061
And 14.00 15.40 1.40 4.59 1.13 0.033
And 20.50 23.00 2.50 8.20 0.67 0.020
And 50.00 60.80 10.80 35.43 2.12 0.062
Includes 50.00 54.20 4.20 13.78 3.04 0.089
Includes 58.40 60.80 2.40 7.87 3.07 0.090
And 108.60 110.20 1.60 5.25 1.68 0.049
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GY08-20 95.63 69.74 70.64 0.90 2.95 0.93 0.027
And 91.72 92.57 0.85 2.79 3.60 0.105
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2008 Freegold Mountain Program A total of 97 holes, totaling 22,773 m (74,695 feet) were drilled between April and August at the Freegold Mountain Project. Results are pending on 83 holes, following this release. Nucleus Zone The Nucleus Zone, located 17 km to the west from the Goldy Zone, was originally identified as a low grade bulk tonnage near surface gold target. A total of 53 holes were drilled in 2008 in the Nucleus Zone (13,287 m/45,352 feet). Results received from 6 holes initially drilled in the Nucleus in 2008 indicate the presence of gold-rich (abundant visible gold in some samples) sulphide lenses in addition to the vein hosted epithermal mineralization. The high grade lenses returned 3.25 m (10.66 feet) of 100.69 g/t (2.94 oz/ton) gold within 37.80 m (124.02 feet) of 10.41 g/t (0.30 oz/ton) gold and 2.34 m (4.04 feet) of 92.74 g/t (2.70 oz/ton) gold within 46.96 m (154.07 feet) of 9.60 g/t (0.28 oz/ton) gold (see press releases dated June 9, 2008 and July 29, 2008). Results are pending from 46 holes. Tinta Zone The Tinta Zone, located 6 km to the east from the Goldy Zone, is a high grade gold-silver-copper polymetallic vein system. The 2008 program is focused on drilling the vein system such that a NI 43-101 compliant resource may be calculated at the Tinta Zone, upon receipt of results. A total of 17 holes totaling 3,807 m (12,487 feet) have been drilled. Results are pending on all 17 holes. Stoddart Zone Upon completion of the initial phase of drilling at the Goldy Zone, the diamond drill moved to the Stoddart Zone, located 9 km from the Nucleus Zone, and 8 km from the Goldy Zone. Two holes, testing a soil geochemical anomaly, drilled at the end of the 2007 program intersected porphyry style mineralization at the Stoddart Zone. A total of 10 holes totaling 2560 m (8,397 feet) have been drilled in 2008 to expand upon the 2007 discovery of porphyry mineralization. Results are pending on all 10 holes. Ridge Zone High grade gold-silver-copper mineralization was discovered in mineralization at the Ridge Zone in 2007. The Ridge Zone is located 1 km to the west of the Stoddart Zone. In 2008, 9 drill holes totaling 1,079 m (3,539 feet) have been completed to test the mineralization within the trenching from 2007. Results are pending on all 9 holes. Freegold Mountain Project The Freegold Mountain Project is a road accessible district scale property that covers 166 square km (64 square miles). Within the project expanse are at least 20 known mineralized zones, some with historical resource estimates (not compliant with NI 43-101). Northern Freegold is actively drilling on five of those zones (2% of the total project area), two of which to calculate NI 43-101 resource calculations at the end of the 2008 program (Nucleus and Tinta), and 3 of which are still at an exploration stage (Goldy, Stoddart, Ridge). The district scale Freegold Mountain Project is situated within the Dawson Range portion of the Tintina Gold Belt, characterized by plutonic rocks of the 100 million year old Cretaceous Dawson Range Batholith and early Jurassic metaplutonic rocks, intruding Devonian metavolcanic and metasedimentary rocks of the Yukon-Tanana Terrane. The Dawson Range is a well-mineralized belt over 100 km long, extending from Mount Freegold northwesterly to the Casino copper-gold porphyry deposit. This belt is transected by the west-northwest trending Big Creek Fault, which provides the locus for many mineral occurrences including placer gold deposits, porphyry gold-copper mineralization, gold veins and breccias bodies. The Freegold Mountain Project covers a 35 km long section of this belt. Quality Control and Assurance The holes were drilled by a skid mounted diamond drill with NTW core size (5.6 cm/2.2 inches in diameter). All core samples from diamond drilling are split and sent to EcoTech Laboratory in Whitehorse for sample preparation and then to EcoTech Laboratory in Kamloops for analysis. Blanks, commercial standards and duplicate core samples are included in each batch. Gold is analysed on 30 gram pulps by fire assay followed by four acid total digestion and Atomic Absorption Spectrometry (AAS). Gold values greater than 1000 ppb are analysed by gravimetric fire assay. Other elements are analyzed by 29 element ICP analysis after four acid total digestion. Additional check analyses and assays will be carried out by ALS Chemex in North Vancouver. Intervals reported in this release do not necessarily represent true widths of mineralization. The technical information disclosed in this release has been reviewed and approved by Dr. Fabrizio Colombo, P.Geo. Northern Freegold is a well financed Canadian-based resource exploration and development company which relies on local expertise and strong management to focus on development of economic reserves on the district-scale Freegold Mountain Project in the Yukon and Arizona. Northern Freegold Resources Ltd. On behalf of the Board of Directors Bill Harris, CEO & COO This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.ContactsSarah Longhurst Northern Freegold Resources Ltd.
Investor Relations Manager
(604) 893-8757 or 1-877-893-8757
(604) 893-8758 (FAX)
Website: www.northernfreegold.com
