Monday, August 10, 2015

Northern Freegold Resources Ltd. (NFRGF) (NFR.CA) Leveraging the Production Potential of the Yukon to Promote Future Growth

Northern Freegold Resources Ltd. (OTC: NFRGF) (VSE: NFR.CA) is a growth-oriented precious metals exploration and development company headquartered in Vancouver, Canada. The company’s primary exploration property, the Freegold Mountain Project, is located in south-central Yukon and covers zones of mineralization that host established inferred gold resources, including an extensive collection of claims staked in recent decades by Bill Harris, the company’s founder and director. NFRGF’s second project, located on its Burro Creek property in Arizona, also features a historical resource with significant expansion potential, as well as ideal climate conditions to foster year-round field operations. Through the continued exploration and development of these promising properties, NFRGF will look to promote strong financial growth and sustainable investor returns moving forward.

In 2014, prospective shareholders were given a preview of the production potential of the company’s Yukon project, as the Fraser Institute’s Annual Survey of Mining Companies ranked the Yukon Territory within the world’s top 10 jurisdictions in terms of both mineral potential and investment attractiveness. This recognition followed an exploration boom in the region from 2010 to 2012 that resulted in the identification of more than 7.3 million ounces of gold in new discoveries and 23 million ounces of gold added to known deposits. As a member of the Yukon Mining Alliance, this potential could foreshadow big opportunities for NFRGF in the future.

“Yukon remains one of the top jurisdictions in the world for mineral investment and has weathered the challenging markets faced by all junior explorers and developers,” John McConnell, chairman of the Yukon Mining Alliance, stated in a news release. “The Yukon government works collaboratively with our member companies, industry representatives and First Nations to advance and improve opportunities in the minerals sector for our communities, our economy and our shareholders.”

To date, NFRGF has identified more than 20 mineralized zones on its expansive Freegold Mountain Project – including 1.3 million indicated and 0.8 million inferred gold ounces delineated at its promising Nucleus deposit, as well as more than 1.0 million inferred gold ounces delineated at the adjacent Revenue deposit. In the coming months, the company will lean on the expertise of its seasoned management team, which features well over a century of combined industry experience, as it continues to make progress toward translating its considerable resources into improved financial returns.

For more information, visit www.northernfreegold.com

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