TSX.V: NFR
OTCQX: NFRGF
Frankfurt: 8N6
Vancouver, BC: July 9, 2013. Northern Freegold Resources Ltd.
(NFR: TSX-V) ("the Company" or "Northern Freegold") announces the
current phase of an exploration program at its wholly owned Burro
Creek Gold/Silver Property, located in Mohave County, Arizona, USA
(the "Property"). Given increased levels of mining and exploration
activity in Arizona, and investor interest in potentially less
capital intensive projects such as Burro Creek, the Company has
recently reappraised the project. The board of directors determined
that a low budget fieldwork program was warranted to follow up on
previous exploration recommendations identified in the most recent
NI 43-101 technical report. The objectives of the current phase of
the program are to detect precious metal anomalies in a 1300 x 400
metre area bounded to the north and south by an outcropping
gold/silver vein.
Burro Creek, Arizona - Fieldwork Program
The Burro Creek property covers a low-sulphidation epithermal
gold/silver vein system that has been traced for more than 1.7 km
along strike, exhibiting widths of up to 45 metres. The vein
partially outcrops. Only 300 metres of the vein have been drilled
to date and the vein mineralization is still open to the north and
south along strike of the Burro Vein, as well as at depth, and in
possible subparallel structures.
Initial soil sampling with analysis by partial leach, completed
by the Company in 2008, was effective in detecting the Burro Vein
within the Central Block and detecting a second, or offset, portion
of the vein 120 metres to the west with significant width
suggestive of a "blow out" zone within the vein. The 1000 metre
area between the Central and South Blocks is covered with
overburden where no geophysics or soil sampling had been conducted
by the Company before (see map).
The objective of the fieldwork program is to complete soil
sampling between these two blocks where the vein outcrops,
furthering our understanding of the vein potential between these
two zones. Results from the analysis will be made available once
management has received and analyzed them.
The results from analysis of these samples will assist
management in determining future fieldwork and drill targets at the
property.
About Burro Creek
The Burro Creek Property is located 1.6 km off of State Highway
93 in Mohave County, Arizona, approximately 265 km southeast of Las
Vegas, Nevada and 200 km north of Phoenix, Arizona. The 2000 acre
property consists of four patented mineral claims, situated on
private land, and 100 surrounding lode mineral claims. The property
is located in an active mining belt which includes Freeport McMoran
Copper & Gold Inc.'s neighbouring Bagdad Mine (www.fcx.com).
Northwest Arizona also hosts gold/silver development properties
such as Northern Vertex Mining Corp.'s Moss Gold-Silver project
(www.northernvertex.com).
Parallel high tension power lines lie within 1.6 km of the Burro
Creek deposit and water rights on the property have been secured,
providing the project with excellent infrastructure.
In the late 1980s a portion of the Burro Creek vein system was
fully permitted to commence production, but the production decision
was deferred due to a decline in gold prices. The previous owners
had intended to place the existing resource into production, and
then to continue to expand the resource through exploration funded
by the profits of production. Their original production plan
demonstrated that the project was amenable to a conventional heap
leaching process.
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Prior Exploration Activities at Burro Creek Undertaken by
Northern Freegold
A 2008 drill program with 33 holes totaling 2,565 metres was
drilled along the vein system. The main focus of the drill program
was to confirm and update historical results on an open pittable,
epithermal gold/silver mineralized zone on the property and to
drill test areas on the property with potential to discover
additional mineralization within the extensive epithermal vein
system. The Burro Vein has a 1.7 km known strike length and is up
to 45 metres wide. It remains open in both directions and to
depth.
Highlights of the 2008 program include: hole BC08-030 which
intersected 4.6 m of 7.99 g/t gold and 192.72 g/t silver including
1.03 m of 31.80 g/t gold and 759.00 g/t silver, and hole BC08-038
which intersected 51.3 m of 0.94 g/t gold and 56.10 g/t silver
including: 26.73 m of 1.20 g/t gold and 43.96 g/t silver.
Results from the 2008 drill program confirmed the historical
results on the property and confirmed the potential to expand
historical resources.
Indicated & Inferred NI 43-101 Resource
Northern Freegold released its first Indicated resource estimate
delineating 75,600 contained gold ounces and 2,757,000 contained
ounces of silver (@ 0.5 g/t AuEq cutoff) within 2.3 million tonnes
grading 1.01 g/t gold and 36.77 g/t silver in February 28, 2011. An
Inferred resource of 43,200 contained ounces of gold and 2,236,000
contained ounces of silver (@ 0.5 g/t AuEq cutoff) was delineated
within 2.2 million tonnes grading 0.60 g/t gold and 30.95 g/t
silver.
The Indicated and Inferred mineral resource estimate was
prepared in compliance with the standards of NI 43-101 by Dr. A.
Armitage, Ph.D., P.Geol., and J. Campbell, B.Sc., P.Geo. of
GeoVector Management Inc. GeoVector is an Ottawa, Ontario
consulting firm specializing in resource estimation, project
assessment, and project management. Dr. Armitage acted as the
Qualified Person, as defined in NI 43-101 and was Independent of
the Company at the time the report was released. Mineral resources
do not demonstrate economic viability, and there is no certainty
that these mineral resources will be converted into mineable
reserves once economic considerations are applied. AuEq values were
calculated using metal prices of US$846/oz gold and US$14.40/oz
silver. The NI 43-101 resource estimate was finalized and filed on
SEDAR (www.sedar.com) on February 28, 2011.
The technical information disclosed in this release has been
reviewed by Paul Reynolds, B.Sc., P.Geo., Vice President
Exploration for Northern Freegold Resources Ltd. Mr. Reynolds is a
Qualified Person as defined by NI 43-101.
About Northern Freegold
Northern Freegold Resources Ltd. (TSX.V: NFR; OTCQX: NFRGF)
trades in Canada on the TSX Venture Exchange under the symbol "NFR"
and in the United States on the OTCQX under the symbol "NFRGF".
Northern Freegold is a growth oriented Canadian-based precious
metals exploration and development company. Northern Freegold
brings wide-ranging expertise and strong management to focus on the
development of its district-scale Freegold Mountain gold and copper
project in the Yukon and the Burro Creek gold and silver property
in Arizona.
PR Contact for Northern Freegold Resources Ltd.:
Andy Hay, Corporate Communications, +1 (604) 893-8757,
andy@northernfreegold.com
On behalf of the Board of Directors
Signed "John Burges"
John Burges, President and CEO
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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Cautionary Note Regarding Forward-Looking Statements The
information in this press release includes certain "forward-looking
statements". All statements, other than statements of historical
fact, included herein including, without limitation, plans for and
intentions with respect to the company's properties, strategic
alternatives, quantity of resources or reserves, timing of
permitting, construction and production and other milestones, are
forward looking statements. Statements concerning Mineral Reserves
and Mineral Resources are also forward-looking statements in that
they reflect an assessment, based on certain assumptions, of the
mineralization that would be encountered and mining results if the
project were developed and mined in the manner described.
Forward-looking statements involve various risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ
materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from
NFR's expectations include the uncertainties involving the need for
additional financing to explore and develop properties and
availability of financing in the debt and capital markets;
uncertainties involved in the interpretation of drilling results
and geological testing and the estimation of reserves and
resources; the need for cooperation of government agencies and
First Nations groups in the exploration, and development of
properties; and the need to obtain permits and governmental
approval. NFR's forward looking statements reflect the beliefs,
opinions and projections of management on the date the statements
are made. NFR assumes no obligation to update the forward looking
statements if management's beliefs, opinions, projections, or other
factors should change.
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