Northern Freegold Resources has reported the final drill hole results from the Revenue Zone porphyry system located at the Freegold Mountain project in Yukon.
The company has encountered 0.08% Cu, 0.26 g/t Au, 0.02% molybdenum and 1.83 g/t silver over 138.6 m in the hole RVD11-031, which has expanded the prominent mineralization in the eastern and northern parts of Revenue zone. It drilled the step out holes RVD11-036, 038, 039 and 040 from 400 to 500 m of the known mineralization’s eastern part. It cut wide dispersed pyrite, sericite and silica alteration zones with several low-grade mineralization in all the holes. These drilling results have expanded the Revenue porphyry system 500 m towards east and also validated the 2010 results of Titan-24 survey and the huge prospective of the porphyry system. The 2011 drilling results are positive and are extending the Revenue Target Deposit’s size continuously. The deposit stays exposed at depth and in lateral.
The 2011 exploration campaign has been completed. Its main aim was to improve the copper-gold-molybdenum-silver Revenue zone from the Target deposit. The company has drilled approximately 12,375 m, totaling 27 holes, at the Revenue zone, wherein 6,800 core intervals have been sampled for assaying. It has announced the primary diamond drilling results during September and November. These diamond drilling results are expected to be utilized for estimating the resource located at the Revenue zone in the first quarter of 2012.