YUKON – Northern Freegold Resources of Vancouver has updated the 43-101 report for its Freegold Mountain project 70 km from Carmacks and reported a 19% increase in grade for the Nucleus deposit. Using a pit optimized plan at a 0.25 g/t AuEq cut-off, there are 71.9 million indiated tonnes at 0.57 g/t Au, 0.85 g/t Ag and 0.05% Cu. The inferred resource is 60.4 million tonnes at 0.41 g/t Au, 1.48 g/t Ag and 0.04% Cu.
The company pointed out that within the indicated resource there is a significant zone of higher grade mineralization that totals (using a 0.50 g/t AuEq cut-off) 25.9 million tonnes at 1.02 g/t Au, 1.11 g/t Ag and 0.07% Cu. The higher grade zone subcrops in the centre of the Nucleus deposit and has the potential to be exploited in the initial years of a mining operation, said Northern Freegold.
The adjacent Revenue deposit contains 101 million inferred tonnes grading 0.34 g/t Au, 3.14 g/t Ag, 0.13% Cu and 0.04% Mo at a cut-off of 0.5 g/t AuEq.
For maps and more information, please visit NorthernFreegold.com.