Business
Yukon Government Financial Support for Northern Freegold's Access Road
(via Thenewswire.ca) Vancouver, BC: July 22, 2013. Northern Freegold Resources Ltd. (TSX-V...
About this update from Triumph Gold Corp.
[{"type":"text","content":"Yukon Government Financial Support for Northern Freegold's Access Road(via Thenewswire.ca)\n\n \nVancouver, BC: July 22, 2013. Northern Freegold Resources Ltd. (TSX-V: NFR) (OTCQX: NFRGF) (the \"Company\") is pleased to announce that the Yukon Government has committed $450,000 to further the Freegold Road Infrastructure Planning Project.\n\n\n \nRecognizing that infrastructure development including transportation infrastructure, is a critical component of economic development in Yukon, the Government of Yukon is committing the funds through its Strategic Industries Development Fund for professional, scientific and technical services in implementing the Freegold Road Infrastructure Planning Project. These studies (at no cost to the Company) are expected to provide valuable engineering assessment and design work that could support potential future upgrading of the Freegold Road. These funds add to the already significant investments previously made in upgrading the Freegold Road. \n\n\n \nThe existing Freegold Road runs ~70 km northwest from the town of Carmacks on the Klondike Highway to Northern Freegold's property and provides direct road access to Company camps on site, as well as to other industrial and tourism destinations along its route for all Yukoners. This road provides important vehicular access to Northern Freegold's wholly owned Freegold Mountain project. This significantly reduces Company exploration and development costs in contrast with fly-in only mining projects.\n\n\n \nAs part of Canada's Economic Action Plan announced in January 2009, the Federal Government's Infrastructure Stimulus Fund invested over $1 million to widen the Freegold Road and add new truck pull-outs. These pull-outs allow slower mine-related traffic to get off the road and public traffic to pass. A new steel bridge was built across a previous Freegold Road bottleneck at Nordenskiold River. Further information on these upgrades can be found at the Government of Canada Infrastructure website. \n\n\n \nIn confirming the new commitment to Freegold Road, Currie Dixon, the Minister of Economic Development for Yukon commented, \"This project is a great example of working in partnership with the mineral exploration and development industry for the benefit of all Yukoners\".\n\n\n \nThe Company will post the full text of Minister Dixon's letter on its...