Northern Freegold Announces Exploration Results from Freegold Mountain Project, Yukon


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TSX.V:NFR / PK:NFRGF
01/20/2014 [ACCESSWIRE]

Vancouver, BC: January 20, 2014. Northern Freegold Resources Ltd. (NFR: TSX-V, NFRGF: OTCQX) is pleased to announce further results from the 2013 exploration program on the Freegold Mountain Project ("Freegold"). The project is 100% owned by Northern Freegold Resources Ltd. (the "Company" or "Northern Freegold") and is road accessible, located 70 km west of Carmacks in the Dawson gold belt of southwestern Yukon.

Discovery Zone (Seymour-Goldstar)

The Discovery Zone consists of a number of porphyry, skarn, and epithermal showings and targets which collectively cover an area encompassing approximately seven square kilometres.

The objective of the 2013 program was to assess an area within the Discovery Zone historically known as the Northwest Zone. Geochemical surveys have previously identified a 150-250 metre wide by 1,700 metre long gold in soil anomaly (> 90th percentile) which is centered on the historic Melissa Showing. The geochemical surveys and trenching activities completed during 2013 were designed to ground truth historic soil values, provide multi-element geochemistry, and trench high priority geochemical targets.

The 2013 geochemical survey from the Discovery area has successfully delineated a 150 to 300 metre wide by 900 metre long west-northwest trending zone of coincident anomalous gold-silver-arsenic-bismuth-lead-antimony in soil east of the existing geochemical grid completed in 1986 and west of the geochemical grid completed in 2011. The total strike length of the anomalous gold zone (> 90th percentile) is currently defined up to 1,700 metres. This zone has never been drill tested.

Initial data analysis completed prior to this year's field activities included compilation of historic drill hole assays and surface rock samples to identify elemental correlations with gold mineralization. These correlations were then used to determine which pathfinder elements would be used to delineate prospective exploration zones during post-field data analysis. The data analysis concluded that silver (Ag), bismuth (Bi), and arsenic (As) are strong pathfinder elements for gold mineralization, whilst lead (Pb) and antimony (Sb) are moderate pathfinder elements for gold mineralization, within the Northwest or Seymour Zone.

A total of 14.7 line kilometres of geochemical surveys totalling 590 B-horizon soil samples were collected during the program using soil augers. The 2013 geochemical survey from the Discovery area has successfully delineated a 150 to 300 metre wide by 900 metre long west-northwest trending zone of coincident anomalous gold (90th - 99th percentile), silver (90th - 99th percentile), arsenic (90th - 99th percentile), bismuth (75th - 99th percentile), lead (90th - 99th percentile), and antimony (75th - 99th percentile) in soil east of the existing geochemical grid completed in 1986 and west of the geochemical grid completed in 2011. The total strike length of the anomalous gold zone (> 90th percentile) is currently defined up to 1700 metres and has never been drill tested.


 ---------------------------------------------------------------------
 |2011 - 2013 Soil         |Ag ppm|As ppm|Au ppb|Bi ppm|Pb ppm|Sb ppm|
 |Statistics               |      |      |      |      |      |      |
 |-------------------------------------------------------------------|
 |Discovery : Count Numeric|837.0 |837.0 |837.0 |837.0 |837.0 |837.0 |
 |-------------------------------------------------------------------|
 |Discovery : Minimum      |0.0   |0.6   |0.1   |0.0   |0.7   |0.0   |
 |-------------------------------------------------------------------|
 |Discovery : Maximum      |10.0  |1320.0|406.0 |22.1  |728.0 |65.7  |
 |-------------------------------------------------------------------|
 |Discovery : Mean         |0.9   |86.6  |15.8  |1.1   |42.4  |3.9   |
 |-------------------------------------------------------------------|
 |Discovery : Median       |0.6   |38.3  |9.0   |0.6   |24.3  |2.4   |
 |-------------------------------------------------------------------|
 |Discovery : Standard     |1.0   |132.9 |23.9  |1.6   |54.0  |5.2   |
 |Deviation                |      |      |      |      |      |      |
 |-------------------------------------------------------------------|
 |Discovery : Range        |10.0  |1319.4|406.0 |22.1  |727.3 |65.7  |
 |-------------------------------------------------------------------|
 |Discovery : 25 percentile|0.3   |17.6  |4.5   |0.3   |14.1  |1.3   |
 |-------------------------------------------------------------------|
 |Discovery : 50 percentile|0.6   |38.3  |9.0   |0.6   |24.3  |2.4   |
 |-------------------------------------------------------------------|
 |Discovery : 75 percentile|1.1   |97.9  |18.2  |1.2   |47.8  |4.4   |
 |-------------------------------------------------------------------|
 |Discovery : 90 percentile|2.1   |226.0 |35.0  |2.4   |101.5 |8.3   |
 |-------------------------------------------------------------------|
 |Discovery : 95 percentile|2.8   |350.0 |49.1  |3.5   |145.2 |13.2  |
 |-------------------------------------------------------------------|
 |Discovery : 99 percentile|5.0   |661.0 |92.9  |9.0   |272.6 |27.5  |
 ---------------------------------------------------------------------

Two grab samples of quartz vein material, CRFGR003 and MMFGR036, collected from historic workings at the Melissa showing returned 1.72 gpt Au/13.7 gpt Ag and 0.43 gpt Au/9.9 gpt Ag respectively. These results are consistent with historic assays. A 5.0 metre chip sample of silicified metasediments collected from TR13-008 located 35 metres northwest of the Melissa showing returned 0.14 gpt Au and 6.0 gpt Ag. The chip sample results are also consistent with historic trench results completed in 2004.

A Titan-IP survey completed in 2011 by Quantec Geoscience identified twelve high priority targets in the Discovery Zone comprising five zones of interest characterized by medium-strong chargeability and medium-low resistivity. Both Target Zone A and Target Zone B underlie the geochemically anomalous zone defined by soil geochemistry. Follow up work is warranted to determine the full potential of the greater Melissa Zone.

All samples were submitted to ALS Minerals in Whitehorse for prep and geochemical analysis. The following analytical techniques were used for all rock samples: ME-ICP41, Au-AA23 30 g Fire Assay, and Au-GRA21 30 g Fire Assay for all samples > 10 ppm Au. The following analytical techniques were used for all soil and silt samples: ME-MS41, Au-TL44, and Au-OR44 for all samples > 1 ppm Au. The Company QAQC measures included insertion of external blanks and standards into the sample stream for all rock chip samples. A minimum of one standard and one blank sample was inserted for each trench containing multiple chip/channel samples. In addition, the lab was instructed to wet-sieve each sample prior to sample preparation in order to minimize contamination from placer gravels.

The 2013 program was designed and managed by Mike McCuaig, P. Geo., of TerraLogic Exploration Inc., of Cranbrook, BC.

Paul Reynolds, B. Sc., P. Geo., Vice President Exploration for Northern Freegold Resources Ltd., is the Qualified Person, as defined by NI 43-101, for the Freegold Mountain Project and has reviewed the technical information in this release.

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 is focused on creating value through the advancement of the district scale Freegold Mountain project, which hosts one of the largest undeveloped gold and copper resources in the Yukon and the Burro Creek gold and silver property in Arizona. For maps and more information, please visit our website www.northernfreegold.com

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 the 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. 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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