Yukon Government Financial Support for Northern Freegold's Access Road
22 Julho 2013 - 12:38PM
Access Wire
Vancouver, 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.
Recognizing 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.
The 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.
As 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.
In 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".
The Company will post the full text
of Minister Dixon's letter on its website.
About Northern
Freegold
Northern Freegold Resources Ltd.
(TSX.V: NFR; OTCQX: NFRGF) trades in Canada on the TSX Venture
Exchange under the symbol "NFR" and in the United States on the
OTCQX under the symbol "NFRGF". Northern Freegold is a growth
oriented Canadian-based precious metals exploration and development
company. Northern Freegold brings wide-ranging
expertise and strong management to focus on the development of its
district-scale Freegold Mountain gold and copper project in the
Yukon and the Burro Creek gold and silver property in
Arizona.
PR Contact for Northern Freegold
Resources Ltd.:
Andy Hay, Corporate
Communications, +1 (604) 893-8757, andy@northernfreegold.com
On behalf of the Board of
Directors
Signed "John Burges"
John Burges, President and CEO
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
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, 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 testing and the
estimation of reserves and resources; the need for cooperation of
government agencies and First Nations 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 change.
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