Lundin refreshes Northern Freegold buyHello everyone,
Lundin refreshes Northern Freegold buy
2007-10-16 20:30 ET - In the News
Brien Lundin, in the September, 2007, edition of the Gold Newsletter, refreshes his buy recommendation for Northern Freegold Resources Ltd., recently 77 cents, due to its remarkable recent exploration results. Mr. Lundin said buy Northern Freegold in October, 2006, at 65 cents, on Dec. 21, 2006, at 70 cents, and in June, 2007, at 75 cents. An investment of $1,000 each time is now worth $3,227. Freegold's latest drill results from its Mountain project in the Yukon have been outstanding; not only did the drilling cut long intersections of low-grade material as expected, it also cut interesting high-grade zones. For example, at the Nucleus zone, one hole intersected 2.0 metres of 45 g/t gold. This only adds to the potential of the project. Moreover, Freegold recently bought the remaining 50-per-cent interest in Mountain, giving the company full control and further adding to its upside. Elsewhere, the company has acquired the 2,000-acre Burro Creek property in Arizona, and now has the potential to operate year-round. Mr. Lundin likes to follow promoters such as Tim Termuende, a director of Northern Freegold. Mr. Termuende is also president of Eagle Plains Resources Ltd. and Copper Canyon Resources Ltd., both Lundin picks.
Cheers,
I_luv_GVG