GOLD-COPPER RESOURCE: Maiden estimate puts Freegold Mountain at 3.7M oz Au

YUKON - The Revenue deposit at the Freegold Mountain project 200 km northwest of Whitehorse may contain as many as 3.7 million oz of gold, according to the maiden resource estimate released by owner Northern Freegold Resources of Vancouver.

The newly defined inferred resource for the Revenue deposit is 101 million tonnes grading 0.34 g/t Au, 3.14 g/t Au, 0.13% Cu and 0.04% Mo at a gold equivalent cut-off grade of 0.5 g/t AuEq. That equates to 3.7 million gold equivalent ounces at a grade of 1.1 g/t Au Eq. In absolute terms, the zone contains 1.1 million oz of gold, 10.2 million oz of silver, 287 million lb of copper and 90 million lb of molybdenum. The zone remains open laterally and at depth.

The estimate made in 2011 for the nearby Nucleus zone, adjacent to and west of the Revenue zone, is 48.5 million tonnes grading 0.70 g/t Au or 1.4 million oz of gold in the indicated category. The inferred resource there is 41.5 million tonnes grading 0.47 g/t Au or 900,000 contained ounces.

The Freegold Mountain property includes several other mineralized zones. Explore them at NorthernFreegold.com.