Northern Freegold

Northern Freegold Resources Ltd. (TSX – V: NFR) announced an initial NI 43-101 compliant resource on its Revenue Target Deposit at its 100% owned Freegold Mountain project in the Yukon.  The Inferred resource has an estimated 3.7 million gold equivalent ounces (at 1.1 g/t gold equivalent).  This is in addition to the Indicated gold equivalent resource estimate of 1.4 million gold equivalent ounces and an Inferred resource estimate of 900,000 gold equivalent ounces at its adjacent Nucleus Zone.  Both the new Revenue deposit and the existing Nucleus Zone are open to expansion laterally and at depth.

The Revenue deposit resource was based on 54 drill holes (10,582 meters) through 2011.  The Revenue deposit resource estimate of 101 million tonnes is composed of 1.1 million ounces of gold, 10.2 million ounces of silver, 286.9 million pounds of copper and 89.6 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 cut-off grade of 0.5 g/t gold).  The initial Inferred resource is at levels near or exceeding the upper range offered in the earlier Target Deposit estimate range.  The initial Revenue deposit resource estimate covers only a small portion of the potential 8 kilometer area from the Nucleus Zone to the Revenue/Stoddart gold-copper porphyry.  We believe the direction of the project is competitive with the nearby Western Copper and Gold Corporation (Amex: WRN) Casino deposit. 

Northern Freegold Resources Ltd (TSX-V: NFR) is nearing completion of a compliant NI 43-101 resource estimate on the gold-copper-silver-molybdenum Revenue Zone at its 100% owned gold-rich porphyry Freegold Mountain Project in the Yukon. This is important, as it should establish the direction of the project’s development following the success of Western Copper and Gold Corporation’s (AMEX, TSX: WRN) copper-gold Casino project, situated along trend, and located only 80 kilometers to the northwest. Like Casino, Northern Freegold’s resource starts at surface, so the project is likely to be low cost, large bulk tonnage open pit operation with a long mine life. Northern Freegold previously established a million plus ounce gold deposit at its Nucleus Zone at Freegold Mountain. The completion of a significant gold-copper-silver-molybdenum resource may present the potential for a growing large gold-copper porphyry resource, competitive in size and cost to the Casino deposit.

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Report File: 

Northern Freegold Nearing Gold-Copper Resource at Revenue Zone.pdf

 Northern Freegold Resources (TSX: NFR) is making good progress on its 2010 exploration at its Freegold Mountain project in the Yukon Territory.  Northern Freegold Resources has completed 3,000 meters of 4,500 meters of reverse circulation drilling targeted to increase its Nucleus gold deposit and 4,000 meters of its 5,500 meters of reverse circulation drilling at the adjacent Revenue copper-gold porphyry target.  We anticipate a steady stream of drill results which may prove significant.  We suspect that the proposed Titan 24 Deep Geophysical Survey may provide potentially more significant information.  Reverse circulation drilling tests only the top 150 meters while the Titan 24 survey may provide insight to depths of 750 meters.  As the Titan 24 is recognized by major mining companies for qualifying interest in large copper porphyry projects, should the survey to commence in September successfully identify potential for a copper porphyry, Northern Freegold Resources’ Freegold Mountain project’s investment potential may be significantly increased.  

Northern Freegold Resources Ltd has enjoyed exploration success at its highly prospective district-size Freegold Mountain
gold project in the Yukon Territory. Only 2% of the project’s 198 sq. km. have been explored and the company has identified over two dozen targets.

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Report File: 

NFR.Intro_.10.03.05.pdf

Northern Freegold Resources Ltd. (TSX Venture: NFR) was identified in March as one of the most interesting gold exploration companies at the 2009 PDAC mining conference in Toronto, Canada. The excitement followed a run of high grade results in 2008/2009 news releases and the stock jumped on an announcement on February 12, 2009 of an exceptional intersection of 14.5 g/t gold over 47 meters (154 feet at 0.42 oz/t) including an interval of 206.5 g/t over 1.24 meters (4 feet of 6 oz/t). Following that release Northern Freegold achieved a recent high of $0.72 per share.

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Report File: 

NFR.Note_.09.05.06.pdf

Northern Freegold Resources Ltd. (TSX Venture: NFR) was identified in March as one of the most interesting gold exploration companies at the 2009 PDAC mining conference in Toronto, Canada. The excitement followed a run of high grade results in 2008/2009 news releases and the stock jumped on an announcement on February 12, 2009 View Report

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Report File: 

NFR.Note_.09.05.06.pdf