Northern Gold Continues to Increase the Strike Length of Mineralization at its Garrcon Deposit
07.02.2012 | Marketwire
TORONTO, ONTARIO -- (Marketwire) -- 02/07/12 -- Northern Gold Mining Inc. (TSX VENTURE: NGM) ('Northern Gold' or the 'Company') today announced gold assay results for eight additional diamond drill holes, totalling 2,800 meters of drilling, from its 2011 exploration program and extending the strike length of known mineralization to 1.1 km on its Garrcon Deposit. Assays results to date are from the total 42,385 meter drilling program in 2011 on the 100% owned Garrison Gold Property, 100km east of Timmins, ON.Highlights from drill holes reported here:
From infill holes within the resource footprint:
-- 47.0 meters of 1.05 g/tonne gold
-- Including 10 meters of 1.92 g/tonne gold
-- 1.0 meter of 73.35 g/tonne gold
-- 11 meters of 2.60 g/tonne gold
From stepout holes east of the resource footprint:
-- 52.0 meters of 1.05 g/tonne gold
-- Including 1.0 meters of 37.32 g/tonne gold
-- 9.0 meters of 1.29 g/tonne gold
-- 1.0 meters of 8.83 g/tonne gold
Assay results have been received from three more vertical infill drill holes from the 2011 exploration drilling program on the Garrcon Deposit, (GAR-11-116, GAR-11-117 and GAR- 11-118). These holes are located in the southern half of the resource footprint defined in the NI 43-101 Technical Report by A.C.A. Howe International Limited ('Howe Report') and filed on SEDAR on August 8, 2011. These holes were drilled within a 94 meter interval along section line 10+00 W, continuing to intersect long, up to 418 meters, downhole lengths of gold mineralization with gold contents above the Howe Report's cutoff grade of 0.3 g/tonne used for the Garrcon resource calculation.
Assay results received from the three stepout holes, GAR-11-134A, GAR-11-142, and GAR- 11-143A, show continued intersections of significant gold mineralization east of the Howe Report's resource footprint. GAR-11-142, the easternmost drill hole for which assay results have been received to date, extends the known strike length of the Garrcon mineralization to a total length of 1.1 kilometers. The best intersection in these three holes is 52 meters of 1.05 g/tonne Au. In addition, higher grades were intersected over shorter lengths of downhole mineralization in all three stepout holes.
'Significant mineralization continues to be evident along the easterly strike extension of the Garrcon Deposit, both in terms of down hole length and shorter, higher grade intercepts,' said Martin Shefsky, President and CEO of Northern Gold Mining Inc. 'This mineralization continues to advance the Garrcon Deposit towards Northern Gold's goal of developing a resource large enough to justify development of a large, bulk mineable, open pit mine.'
The significant composite assay intervals in the six holes are outlined below in Table 1.
Table 1 - Assay Results(i)
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Au Au
From Incl Incl To Interval g/t g/t
Hole ID Zone (m) (m) (m) (m) (m) Un-Cut Cut
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GAR-11-116 Shaft 38.0 429.0 391.0 0.45
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Shaft 9.0 11.0 2.0 1.37
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Shaft 192.0 193.0 1.0 2.34
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Shaft 345.0 392.0 47.0 1.05
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Shaft 345.0 355.0 10.0 1.92
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Shaft 388.0 389.0 1.0 11.27
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Shaft 424.0 429.0 5.0 1.14
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GAR-11-117 Shaft 281.0 324.0 43.0 0.86
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Shaft 281.0 292.0 11.0 2.60
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Shaft 283.0 284.0 1.0 16.03
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GAR-11-118 Shaft 299.0 300.0 1.0 4.83
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Shaft 443.0 448.0 5.0 1.41
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Shaft 467.0 468.0 1.0 73.35 34.00
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GAR-11-134 Shaft 53.0 54.0 1.0 0.39
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57.4 58.0 0.6 0.39
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GAR-11-134A Shaft 53.0 54.0 1.0 13.93
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Shaft 140.0 192.0 52.0 1.05 0.989
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Shaft 191.0 192.0 1.0 37.32 34.00
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GAR-11-142 Shaft 62.0 63.0 1.0 1.61
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Shaft 126.0 183.0 57.0 0.47
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Shaft 163.0 172.0 9.0 1.29
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Shaft 164.0 165.0 1.0 5.29
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Shaft 182.0 183.0 1.0 2.25
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GAR-11-143 Shaft 0.0 33.0 33.0
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No Significant assays
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GAR-11-143A Shaft 82.0 113.0 31.0 0.602
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Shaft 104.0 105.0 1.0 2.25
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Shaft 112.0 113.0 1.0 8.83
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(i)True widths are not known because mineralization occurs as multi-
directional stockwork veining; therefore, all assay intervals are downhole
intervals and not true widths.
Complete details of these holes in both cross-section and plan can be viewed on the Company's website at:
http://www.northerngold.ca/files/Garrcon-Cross-Sections.pdf
Table 2 - Location and Orientation of Drill Holes
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Section Line Section Line Azimuth Inclination
Hole ID West North (True) (degrees)
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GAR-11-116 10+00 W 9+48 N Vertical -90.0
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GAR-11-117 10+02 W 9+04 N Vertical -90.0
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GAR-11-118 10+03 W 8+54 N Vertical -90.0
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GAR-11-134 6+48 W 11+68 N 155.7 -45.8
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GAR-11-134A 6+48 W 11+69 N 155.7 -45.8
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GAR-11-142 4+00 W 9+42 N 161.6 -44.4
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GAR-11-143 4+50 W 8+80 N 168.5 -45.4
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GAR-11-143A 4+50 W 8+81N 168.5 -45.4
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Both drill holes, GAR-11-134 and GAR-11-143 were lost during early drilling. They were offset about one meter and were re-drilled to the originally planned depth. The Garrcon Deposit remains open on strike to the east and west, to depth and toward the Jonpol East Zone on the north.
Quality Control / Quality Assurance
Northern Gold uses comprehensive, industry standard QA/QC protocols for diamond drilling, core recovery, handling, sampling, shipping and assaying. Details of these protocols can be viewed on the Company's website at:
http://www.northerngold.ca/QA-QC.php
About Northern Gold Mining:
Northern Gold is a TSX-V listed, publicly traded junior resource company based in Toronto, Ontario, dedicated to the discovery and development of high value mineral deposits in the proven mining camps of Kirkland Lake and Timmins in Northeastern Ontario. Northern Gold is focused on developing two advanced stage gold deposits on its 100% owned Garrison Gold Property. In addition to the advanced stage Jonpol and Garrcon Gold Deposits, both of which have independent NI 43-101 compliant mineral resource estimates prepared by A.C.A. Howe International Limited (in Technical Reports posted on SEDAR October 21, 2009, November 5, 2010 and August 8, 2011). A Preliminary Economic Assessment is included in the Technical Report posted to SEDAR August 8, 2011. The property hosts several other gold mineralized showings including the less advanced 903 gold mineralized area. The Garrison Gold Property has historical mining infrastructure at both the Jonpol and Garrcon Deposits, and currently producing mines are located near the property.
The technical aspects of this press release have been reviewed by Michael Gross M.S., P. Geo., and Vice-President Exploration for Northern Gold, who is the 'Qualified Person' as defined by NI 43-101 for this project.
CAUTIONARY STATEMENT: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain 'forward-looking statements.' These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward - looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as 'believes', 'anticipates', 'expects', 'estimates', 'may', 'could', 'would', 'will', or 'plan'. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward- looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
Contacts:
Northern Gold Mining Inc.
Martha Digby
416.366.7300
Cell: 416.455.7670
416.366.7301 (FAX)
mdigby@northerngold.ca
www.northerngold.ca