YUKON Vancouver-based NORTHERN FREEGOLD RESOURCES has intersected bonanza grades at its Freegold Mountain project 70 km northwest of Carmacks. Hole No.073 returned 46.96 metres of gold mineralization averaging 9.60 g/t Au, including 92.74 g/t Au (2.70 opt) over 1.23 metres and 105.79 g/t Au (3.09 opt) over 0.63 metres. The exceptionally high grades were cut between 102.40 and 115.11 metres below surface.
The Freegold Mountain project contains at least 20 known mineralized zones, five of which are the targets of work this summer. A 43-101-compliant resource calculation for the Nucleus and Tinta zones is expected later this year. Work at the Goldy, Stoddart and Ridge zones is at an earlier exploration stage.
Northern Freegold believes the Nucleus zone bears similarities to KINROSS GOLD’s Fort Knox deposit in Alaska. To head its team, the company has hired Dr. Fabrizio Colombo as exploration manager for both the Freegold Mountain project and the Burro project in Arizona.
Drill sections and a 3-D model can be viewed at www.corebox.net or by following a link at www.NorthernFreegold.com.