Drilling At Burro Creek Gold/Silver Property, Arizona
VANCOUVER, BC - Northern Freegold Resources Ltd. reported results from an additional five drill holes at the Burro Creek Gold/Silver Property located in northwestern Arizona, U.S.A. The main focus of the drill program is to confirm and update historical results on an open pit type epithermal gold/silver mineralized zone on the property and to drill test areas on the property with potential to discover additional mineralization within the epithermal vein system. The drill program in April with 33 holes, totaling 2,565m (8,414 feet) drilled along the vein system. Burro Creek Property Highlights: ¥ Drill hole (BC08-28) intersects 21.05metres (69.0 feet) of 2.72 g/t (0.079 oz/ton) gold and 43.15 g/t (1.259 oz/ton) silver including - ¥ 0.78 m (2.6 feet) of 38.50 g/t (1.123 oz/ton) gold and 83.00 g/t (2.421 oz/ton) silver; ¥ Drill hole (BC08-27) intersects 43.34 metres (142.2 feet) of 0.82 g/t (0.024 oz/ton) gold and 25.78 g/t (0.752 oz/ton) silver including - ¥ 4.96 m (16.3 feet) of 3.53 g/t (0.103 oz/ton) gold and 25.31 g/t (0.738 oz/ton) silver; ¥ 1.7 km known strike length of vein system up to 45 metres (147.6 feet) wide, open in both directions and to depth; ¥ Portion of vein 300 m (984 feet) long and 230 m (754.4 feet) deep was fully permitted for open pit mining operations in mid 1980s; ¥ Excellent infrastructure with Arizona State Highway, parallel high tension powerlines within 1.6 km of deposit; water rights secured.
Susan Craig, President commented "These drill results at Burro Creek confirm historical results from the property and reflect Northern Freegold's goal of developing resources and building reserves. Results from the remaining 26 drill holes, some of which were drilled to test the vein along strike and to depth, will provide further insight into the potential to expand the historical resources."
The Burro Creek Property is located 1.6 km off State Highway 93 in Mohave County, Arizona, 105 km southeast of Kingman, Arizona, and 265 km southeast of Las Vegas, Nevada. A high tension powerline transects the property and NFR controls water rights sufficient to support a mining operation. The 3000 acre property consists of four patented mineral claims and 150 surrounding unpatented mineral claims.
The Property covers a low-sulphidation epithermal vein system that has been traced for over 1.7 km and exhibits widths of up to 45 metres. A NI 43-101 report dated July 17, 2007 entitled "Evaluation Report of the Burro Creek Project" has been completed by J. Pautler, P. Geo., an independent qualified person. Previous reverse circulation, diamond drilling and underground development conducted on the property focused on a 300 metre strike length in the central block of the exposed vein system and outlined a historical gold and silver resource of 2.6 million tons with an average grade of 0.03 oz gold and 1.1 oz silver per ton. These historical results reported in the NI 43-101 report are considered by management to be reliable and relevant, though not conforming to current NI 43-101 standards.
The Property was fully permitted to commence production in the 1980s, but the production decision was deferred due to a decline in the gold price. At that time, the intent was to place the existing resource into production, and continue to expand the resource through exploration funded by the ensuing profits.
The company's address is Suite 900, 475 Howe Street, Vancouver, BC V6C 2B3, 604-893-8757, fax: 604-893-8758.