Corporate Strategy: Consolidate undervalued assets and apply a team of successful mining industry professionals to expand and develop mineral resources.
The plan to organize Northern Freegold Resources Ltd. (NFR) was conceived during a meeting held in Whitehorse in November 2005 between Bill Harris and Tim Termuende. Bill had taken advantage of the severe bear market conditions over the previous decade and assembled a very impressive land position in the Mt. Freegold area of south-central Yukon. The land package includes claims staked over the previous 80 years by Bill, his father, and the original discoverer of gold on Freegold Mountain. These claims cover zones of mineralization that host established inferred gold resources.
The decision was made to form a new company to explore the Freegold Mountain Project, acquire adjacent property and invite the public to participate in development of the consolidated property.
The company subsequently acquired the Burro Creek property in Arizona. Like Freegold Mountain, Burro Creek has a historical resource with significant expansion potential and its location provided the opportunity for the company to continue field operations year round.
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