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Northern Freegold Announces 2014 Exploration at Freegold Mountain Project, Yukon
(via Thenewswire.ca) Vancouver, BC / TNW-ACCESSWIRE / June 19, 2014 / Northern Freegold Re...
About this update from Triumph Gold Corp.
[{"type":"text","content":"Northern Freegold Announces 2014 Exploration at Freegold Mountain Project, Yukon(via Thenewswire.ca)\n\n \nVancouver, BC / TNW-ACCESSWIRE / June 19, 2014 / Northern Freegold Resources Ltd. (NFR: TSX-V, NFRGF: OTCQX) (the \"Company\") is pleased to announce that the 2014 exploration program at the Freegold Mountain project (\"Freegold\") is underway. The Freegold project is 100% owned by Northern Freegold and is road accessible, located 70 km west of Carmacks, Yukon, in the Dawson Range.\n\n\n \nThe 2014 exploration program will build on the 2013 discovery of the Irene showing and will consist of trench mapping and sampling, prospecting and ground magnetic and electromagnetic surveys. \n\n\n \nThe 2013 exploration program was successful in locating a significant new mineral occurrence which has been named the \"Irene\". Located 1.2 km north of the Stoddart prospect and 4.6 km east of the Revenue Deposit, the Irene occurrence is comprised of structurally controlled epithermal gold mineralization. Bedrock sampling confirmed gold mineralization over an area measuring 6.5 metres true width by 80.0 metres along strike with gold assays from trench TR13-021 returning 7.11 gpt Au over 3.0 metres including 11.35 gpt over 1.0 metre (see press releases dated November 6, 2013 and February 27, 2014). The zone remains open in all directions with bedrock exposure in the immediate area encumbered by extensive gravel cover. This new discovery highlights the potential for high-grade gold mineralization at surface, in an under-explored area of the property.\n\n\n \nThe Freegold Mountain project is located within the Dawson Range and covers a fertile and very prospective portion of the Big Creek fault Zone and is endowed with two NI 43-101 mineral deposits, the Nucleus Au-Ag-Cu deposit and the Revenue Cu-Au-Mo-Ag deposit, as well as numerous gold showings which represent porphyry-hydrothermal systems related to Mid and Late Cretaceous magmatic events. It is believed that the Nucleus Deposit and the Revenue Deposit along with the Stoddart Zone are all part of a large scale gold-rich hydrothermal system, which extends in a north-westerly direction for more than six kilometres. \n\n\n \nThe project has significant infrastructure advantages. It is located approximately 200 kilometres northwest of Yukon's capital and industrial centre in Whitehorse. It i...