Press release from TheNewswire.ca
Soil Sampling Extends Potential Mineralized Zones by 600 Metres at Burro Creek, Arizona
Thursday, September 19, 2013
Soil Sampling Extends Potential Mineralized Zones by 600 Metres at Burro Creek, Arizona10:43 EDT Thursday, September 19, 2013
Vancouver, BC: September 19, 2013. Northern Freegold Resources Ltd. (NFR: TSX-V) (the "Company" or "Northern Freegold") announces results of a soil sampling program at its wholly owned Burro Creek Gold/Silver Property, located in Mohave County, Arizona, USA (the "Property"). The soil sampling has successfully delineated two zones, with an aggregate length of 600 metres, containing anomalous gold and silver in soils. The northernmost of these two zones is adjacent to the existing resource at Burro which covers an area of approximately 250 metres by 45 metres.
Burro Creek, Arizona - Soil Geochemical Program
The Burro Creek property covers a low-sulphidation epithermal gold/silver vein system that has been traced intermittently for more than 1.7 km along strike, exhibiting widths of up to 45 metres. The vein partially outcrops. Only 300 metres of the zone has been drilled to date and the mineralization is open to the north and south along strike, 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 Central vein. Prior to the 2013 program, no geophysics or soil sampling had been conducted by the Company on the 1,000 metre area between the Central and South veins, which is overlain by andesitic rocks (see attached map).
The objective of the 2013 soil geochemical program was to test for anomalous gold-silver mineralization in soils between the Central and South vein outcrops. A total of 385 stations were sampled over 28 lines. Gold values ranged from detection limit to 849.00 ppb and silver values ranged from 8.8 to 4,730 ppm. Analytical results clearly show the likelihood of the mineralized zone continuing between the two known outcrops. Gold-silver anomalous (defined by the 80th percentile) soils extend from the Central vein outcrop in a south-southeasterly direction for 350 metres with widths of 100-250 metres. The anomaly suggests a second, or offset, portion of the zone 120 metres to the west with significant width. This is suggestive of a possible widening of the vein.
Gold-silver anomalous soils extend northwesterly from the South vein for 250 metres with widths of 75-150 metres.
"We are delighted that the testing has successfully outlined an anomaly in two zones to the south of the current resource," stated John Burges, President and CEO of Northern Freegold. "This strongly suggests the continuance of the gold/silver mineralization underneath the andesitic cap rock. These new targets, together with multiple targets in the other zones, demonstrate Burro's potential to grow beyond the existing resource."
Basic statistics for silver and gold are tabulated below.
------------------------------------------------------------------------- | | | | |Percentile | |-----------------------------------------------------------------------| | |N |Min |Max |50 |60 |70 |80 th|90 th|95 th|98 th |99 th | | | | | |th |th |th | | | | | | |-----------------------------------------------------------------------| |Ag |385|8.8 |4,730.0|35.8|43.9|64.8|101.7|172.9|507.4|2,143.6|2,887.2| |(ppm)| | | | | | | | | | | | |-----------------------------------------------------------------------| |Au |385|0.07|849.00 |0.85|1.27|2.10|3.89 |11.95|51.17|217.72 |340.66 | |(ppb)| | | | | | | | | | | | -------------------------------------------------------------------------
Soil samples were shipped to ALS Minerals in Vancouver, BC for analysis by partial leach (ME-MS23). This leach technique is designed for near surface soil samples. It is designed to improve geochemical mapping and to enhance the potential to detect and resolve geochemical anomalies for a range of commodity elements. The procedure selectively dissolves metal ions that have been leached from the primary source, migrated, and then re-deposited near the surface. Northern Freegold's contractors routinely inserted blanks and duplicates into the sample stream. ALS is an ISO 17025:2005 accredited laboratory.
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 2,000 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 ).
High tension power lines, running parallel to the highway, lie within 1.6 km of the Burro Creek deposit. 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.
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 system. The Burro vein system 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 included: hole BC08-030 which intersected 4.6 metres of 7.99 g/t gold and 192.72 g/t silver including 1.03 metres of 31.80 g/t gold and 759.00 g/t silver, and hole BC08-038 which intersected 51.3 metres of 0.94 g/t gold and 56.10 g/t silver including: 26.73 metres 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 based 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 2013 exploration program was conducted under the supervision of and 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.
Maps will be posted on the Company's website at www.northernfreegold.com .
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, email@example.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.
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.
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