Northern Freegold Resources has reported the first NI 43-101 compliant resource estimate for the Revenue deposit at its Freegold Mountain gold-copper project in the Yukon, Canada, about 200 km northwest of Whitehorse.
The inferred resource totals 101 million mt of mineralized material containing 1.1 million oz of gold, 10.2 million oz of silver, 287 million lb of copper, and 90 million lb of molybdenum at grades of 0.34 g/mt gold, 3.14 g/mt silver, 0.13% copper and 0.04% molybdenum. The deposit remains open laterally and at depth.
The Revenue mineral resource estimate is based on 54 drill holes (10,582 m) and 5,997 assay values collected through 2011. The Freegold Mountain project is located in the Tintina gold belt, home to Kinross Gold’s Fort Knox mine, Sumitomo’s Pogo mine and International Tower Hill’s Livengood project. (www.northernfreegold.com)