Northern Freegold Announces Management and Board Changes Mobilization Underway to Freegold Mountain, Yukon
11 May 2011 - 2:15AM
Marketwired
The Board of Directors of Northern Freegold Resources Ltd. (TSX
VENTURE: NFR)(OTCBB: NFRGF)(FRANKFURT: 8NG)(the "Company")
announces changes in several key management and board positions
within the Company to support the advancement of the Company's
growth to the next phase of development on its multi-million ounce
Freegold Mountain gold-copper project.
Mr. William B. Harris (Bill) is stepping down as Chairman of the
Board and Chief Operating Officer to focus on research and
acquisition of additional opportunities for Northern Freegold. Mr.
Harris will continue to work on advancing the Freegold Mountain
Project. As founder of the company, Mr. Harris has contributed
invaluably to the successful development of one of the most
significant new gold and copper resources in the Yukon. Mr Harris
will continue in his capacity as a valued board member of Northern
Freegold and will act as a special advisor to the Company. Mr. John
Anderson has accepted the role of Chairman of the Board and will
continue to serve the Company with his expertise and experience in
financial, strategic and marketing matters.
Susan P. Craig, P.Geo. will step down as Chief Executive Officer
and has agreed to continue as President. Ms. Craig will continue to
focus on the key areas of governmental liaison, permitting,
environmental and work with local first nations. Tim J. Termuende,
P.Geo. has agreed to act as Interim Chief Executive Officer while a
search for a permanent candidate, to support this transition
through the resource building phase and into development, is
carried out by the board and management.
The Company is pleased to announce that Marco Strub has joined
its Board of Directors. Mr. Strub was a partner of Exulta AG, a
portfolio management company, from 1997 to 2003 and is currently a
Principal of Sircon AG, a consulting and investment research
company based in Zurich, Switzerland.
The Company is pleased to announce the appointment of Connie
Norman as Corporate Secretary to Northern Freegold. Ms. Norman has
over 12 years experience in the corporate role in public companies.
Ms. Norman holds the position of Corporate Secretary for Skyline
Gold Corporation, and was recently the Corporate Secretary for
Brett Resources Inc.
Allan Armitage, P.Geo. will continue as Exploration Manager for
the company. Dr. Armitage brings a wealth of mineral exploration
experience to the Company and will be responsible for overseeing
the exploration and development of NFR's projects.
Mobilization is currently underway for the 2011 field season and
drilling is expected to begin within the next week at Freegold
Mountain.
Northern Freegold is a 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
Signed "Susan Craig"
President
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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Northern Freegold Resources Ltd. Julie Hajduk Investor
Relations Manager 604.893.8757 or Toll Free: 877.893.8757
604.893.8758 (FAX) www.northernfreegold.com
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