YUKON - Vancouver-based NORTHERN FREEGOLD RESOURCES has drilled material that assayed 15.45 g/t Au over 9.30 metres at its Freegold Mountain project 70 km northwest of Carmacks. Hole 16, the longest hole so far drilled in the Goldy zone, intersected 53.75 metres of 3.50 g/t Au, including the half-ounce section mentioned above.
Northern's claims cover an area approximately 45 by 10 km within the Dawson Range. The Tintina gold belt, which includes the Dawson Range, extends from Donlin Creek in Alaska, through the Fairbanks District, the Pogo deposit and into the Yukon where the former Brewery Creek and Dublin Gulch mines once produced.
The Goldy zone occurs at the northwest-trending contact between the Jurassic Big Creek syenite and Palaeozoic gneisses of the Yukon-Tanana terrane. A body of altered and silicified quartz-feldspar porphyry (QFP) intrudes the contact, which is also locally characterized by clay alteration and faulting. Gold mineralization is documented in altered QFP as well as in highly silicified zones of very fine grained blue quartz containing very fine grained disseminated sulphides, and associated quartz-sulphide veining. Chalcedonic quartz and barite in quartz veins are other epithermal features noted in outcrop and in core.
The Freegold Mountain evaluation report dated June 2006 is available at www.NorthernFreegold.com.