Northern Freegold Announces Management Transition
January 14 2010 - 11:00AM
Marketwired
Bill Harris, founder of Northern Freegold Resources Ltd. (TSX
VENTURE: NFR) is pleased to announce new management appointments as
the company transitions from exploration to resource expansion. Mr.
Harris has been appointed Chairman of the Board and will retain his
COO title. Susan Craig, currently President, will also assume the
CEO duties of the company. This change clarifies who is responsible
for management of Northern Freegold; allows Mr. Harris to play to
his strengths in finding opportunities for the Company, directing
on site operations and future growth; and for Ms. Craig to apply
her skills and experience in corporate management.
In addition, John Anderson has been appointed to the board of
Northern Freegold. Mr. Anderson is an accomplished professional
with over 20 years experience in the financing and development of
public companies. Mr. Anderson will continue in his corporate
development role at Northern Freegold where he has been
instrumental in funding the company since its IPO. These
appointments take effect immediately.
Bill Harris, Chairman and COO commented, "I am extremely pleased
that Mr. Anderson will join the board of Northern Freegold and that
Ms. Craig has agreed to take on the role of CEO. Their skills and
abilities will be valuable assets as the company continues to
transition from exploration to resource expansion."
Northern Freegold's main focus is on the district scale, road
accessible Freegold Mountain project in the Yukon. An initial
inferred 1.08 million ounce gold resource (67.57 million tonnes @
0.50 g/t gold with 0.30 g/t gold cutoff) in the Nucleus Zone was
announced in July of 2009. Northern Freegold is presently updating
the 3D geological model in the Nucleus Zone to incorporate the 44
drill holes from the 2009 drill program and an updated resource
will be released during the first quarter of 2010. Detailed
geological mapping and ground geophysics between the Nucleus and
Revenue Zones (a distance of +4 km) has provided a better
understanding and interpretation of the structures controlling the
mineralization within this area. This interpretation, in
conjunction with reinterpretation of an airborne VTEM survey flown
over the entire project, project wide silt sampling and historical
geochemical surveys is defining large scale (kms long) zones of
interest across the project. Over the next few months a strategic
assessment of this data to prioritize targets within these large
scale systems will help determine the 2010 program at Freegold
Mountain. To date, only 2% of the Freegold Mountain project has
been drilled.
Northern Freegold is a well financed rapidly advancing
Canadian-based precious metals exploration and development company,
which brings local expertise and strong management to focus on the
development of economic mineral resources on the district-scale
Freegold Mountain gold and copper project in the Yukon and the
Burro Creek gold and silver property in Arizona.
Northern Freegold Resources Ltd.
On behalf of the Board of Directors
William G. Harris, Chairman & COO
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,
statements regarding intentions with respect to obligations due for
various projects, 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 tests and the
estimation of reserves and resources; the need for cooperation of
government agencies and First Nation 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 they change.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Northern Freegold Resources Ltd. Debbie James Investor
Relations Manager 877.893.8757 or 604.893.8757 604.893.8758 (FAX)
www.northernfreegold.com
Northern Freegold Resour... (TSXV:NFR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Northern Freegold Resour... (TSXV:NFR)
Historical Stock Chart
From Jul 2023 to Jul 2024