Northern Gold Continues to Intersect Gold at Depth in Known and New Zones
03.04.2012 | Marketwire
TORONTO, ONTARIO -- (Marketwire) -- 04/03/12 -- Northern Gold Mining Inc. (TSX VENTURE: NGM) ("Northern Gold" or the "Company") today announced drill results from 18 additional diamond drill holes including 2 drill hole extensions. These recent holes total 9,744 meters of drilling and are part of the total 42,632 meters of drilling conducted in 2011 on its 100% owned Garrison Gold Property, 100 km east of Timmins, ON.The Company is continuing to intersect gold values in the Shaft Zone, the North Zone, the Jonpol East Zone and the new Green Zone. Two additional new zones of mineralization, the Jonpol FW (north of Jonpol East on Section Line 12+25W) and North of Garrcon ESE, (north of the Garrcon Deposit eastern strike extension) are of current interest as the Company continues to further delineate the potential of the deposit.
"As we progress toward an updated resource estimate on the Garrison Gold Property, we are continuing our drilling focus on infilling and delineating gold mineralization in all known mineralized zones from surface to depths of 600+ meters. Our step-out drilling, to the north and east continues to intercept gold mineralization," said Martin Shefsky, President and CEO of Northern Gold Mining Inc.
New Zone and Jonpol East Gold Assay Highlights from Tables 1, 2 and 3 below ("X" after hole number is a hole extension):
Jonpol East Zone
-- 1.27 g/t over 16.9m from 330.0m - 346.9m GAR - 11 - 35X
-- 2.03 g/t over 4.9m from 350.0m - 354.9m GAR - 11 - 93X
Green Zone
-- 1.13 g/t over 7.2m from 169.8m - 177.0m GAR - 11 - 35X
-- 2.80 g/t over 6.0m from 321.0m - 327.0m GAR - 11 - 171
-- 1.63 g/t over 23.0m from 362.0m - 385.0m GAR - 11 - 171
-- 0.91 g/t over 3.0m from 194.0m - 197.0m GAR - 11 - 164
-- 2.07 g/t over 2.0m from 194.0m - 196.0m GAR - 11 - 166
-- 3.85 g/t over 1.0m from 230.0m - 231.0m GAR - 11 - 167
North of Garrcon ESE
-- 0.55 g/t over 13.0m from 444.0m - 457.0m GAR - 11- 164
(incl. 2.32 g/t over 1.0m from 455.0m - 456.0m GAR - 11- 164)
-- 0.59 g/t over 1.0m from 246.0m - 247.0m GAR - 11 - 178
Significant composite assay intervals from the 18 holes announced today are presented in three tables, below. The tables group the drill holes by areas within the resource footprint and by gold-mineralized zones targeted outside the resource footprint (43-101 Technical Report posted to SEDAR August 8, 2011).
The two drill hole extensions reported in Table 1 were drilled into the Jonpol East Zone and both holes intersected about 16 meters of approximately 1 g/t gold mineralization with individual higher-grade values over shorter intervals. An intersection of 19 meters at 0.31 g/t was intersected approximately 50 meters north of the Jonpol East Zone and indicates a previously unknown zone of mineralization. Additional drilling is planned to follow up on Jonpol East FW.
Table 1 - Assay Results (i) - These drill holes are extensions of previously drilled holes along the western part of the northern boundary of the Garrcon deposit. The extensions targeted the Green and Jonpol East Zones, north of the Garrcon Deposit.
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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-11-35X North 79.0 80.0 1.0 0.93
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Green 169.8 177.0 7.2 1.13
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Green 170.7 171.5 0.9 3.02
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Jonpol E 330.0 346.9 16.9 1.27
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Jonpol E 337.8 339.0 1.2 8.26
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GAR-11-93X Jonpol E 339.0 354.9 15.9 0.92
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Jonpol E 350.0 354.9 4.9 2.03
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Jonpol FW 421.0 440.0 19.0 0.31
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Jonpol FW 425.0 429.0 4.0 0.47
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Jonpol FW 499.3 501.0 1.7 0.87
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(i) In the North and Green Zones true widths are not known because
mineralization occurs as multi-directional stockwork veining; therefore, all
assay intervals are downhole intervals and not true widths. Intervals
reported in the Jonpol East Zone are also downhole widths because true
widths of that mineralization in not known.
The drill hole results reported in Table 2 are from four vertical definition and delineation holes drilled into the Shaft, North and Green Zones in the eastern portion of the current resource footprint. North Zone mineralization continues to report grades higher than 1.0 g/t over widths up to 35 meters. Drill hole GAR-11-171 in addition to encountering several Green Zone mineralized intersections that grade over 1.0 g/t, was stopped in mineralization. The last 5 meters in the hole have a weighted average grade of 0.5 g/t indicating that in addition to the offset drill holes needed around it to determine the extent and grade of mineralization in the area, the hole needs to be deepened to delineate the depth of mineralization below the bottom of the hole.
Table 2 - Assay Results (ii) - These drill holes are vertical definition and delineation holes in the eastern portion of the current resource footprint between sections lines 7+00 W and 8+00 W. For comparison purposes, assays higher than 34 g/t are cut to 34 g/t.
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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-11-152 North 60.0 61.0 1.0 0.76
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Green 445.0 446.0 1.0 1.33
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GAR-11-163 Shaft 27.0 32.0 5.0 1.65
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Shaft 83.0 85.0 2.0 0.76
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North 464.0 499.0 35.0 3.07 1.26
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North 464.0 467.0 3.0 0.99 0.99
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North 497.0 498.0 1.0 95.47 34.0
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GAR-11-171 North 23.0 54.0 31.0 0.93
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North 53.0 54.0 1.0 21.95
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Green 302.0 422.0 120.0 0.59
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Green 302.0 304.0 2.0 1.63
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Green 319.0 330.0 11.0 1.72
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Green 321.0 327.0 6.0 2.80
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Green 325.0 327.0 2.0 6.38
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Green 362.0 385.0 23.0 1.63
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Green 381.0 385.0 4.0 6.22
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Green 417.0 422.0 5.0 0.50
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GAR-11-173 North 5.0 14.0 9.0 0.57
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North 5.0 7.0 2.0 2.10
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North 23.0 33.0 10.0 0.58
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North 25.0 26.0 1.0 2.33
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Green 98.0 99.0 1.0 1.03
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Green 219.0 221.0 2.0 0.95
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(ii) Mineralization occurs as multi-directional stockwork veining, so all
reported assay intervals are downhole lengths and not true widths
The 12 drill holes reported in Table 3 are step-out holes to the east of the Garrcon Deposit resource footprint that are testing the eastern strike extension for addition gold mineralization in all three identified zones and it appears that at least one new mineralized zone has been identified. Additional drilling is planned to follow up on these results. In some holes, mineralization that is believed to be Green Zone mineralization with a greater than 50% certainty but less than 100% certainty is indicated by a question mark (?). Additional drilling to confirm that interpretation is planned.
Table 3 - Assay Results (iii) - These drill holes are step out holes along the eastern strike extension of the Garrcon Deposit from 2+00 W to 7+00 W.
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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-11-137 Shaft 273.0 274.0 1.0 4.50
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Shaft 287.0 292.0 5.0 0.60
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Shaft 313.0 316.9 3.9 0.66
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GAR-11-138 Shaft 171.0 176.0 5.0 0.77
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Shaft 171.0 172.0 1.0 2.05
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Shaft 198.0 200.0 2.0 0.86
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GAR-11-164 Green? 194.0 197.0 3.0 0.91
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Green? 196.0 197.0 1.0 2.01
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New 444.0 457.0 13.0 0.55
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New 455.0 456.0 1.0 2.32
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GAR-11-165 No Significant Assays
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GAR-11-166 Green? 148.0 149.0 1.0 0.94
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Green? 194.0 196.0 2.0 2.07
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GAR-11-167 Green? 88.0 96.0 8.0 0.68
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Green? 88.0 89.0 1.0 3.23
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Green? 176.0 179.0 3.0 0.72
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Green? 230.0 231.0 1.0 3.85
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GAR-11-174 North 210.0 211.0 1.0 1.24
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GAR-11-175 North 189.0 190.0 1.0 0.62
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North 196.0 197.0 1.0 0.55
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GAR-11-176 North 11.0 12.0 1.0 1.37
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North 20.0 21.0 1.0 2.38
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GAR-11-177 North 127.0 128.0 1.0 1.26
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North 171.0 177.0 6.0 0.91
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Shaft 206.0 208.0 2.0 1.33
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Shaft 224.0 226.0 2.0 1.02
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Shaft 337.0 338.0 1.0 2.30
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GAR-11-178 Green 88.0 89.0 1.0 0.36
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New 164.0 165.0 1.0 0.39
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New 243.0 244.0 1.0 0.32
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New 246.0 247.0 1.0 0.59
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GAR-11-180 North 147.0 165.0 18.0 0.71
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North 159.0 161.0 6.0 0.97
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North 159.0 161.0 2.0 1.55
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Shaft 214.0 216.0 2.0 1.01
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Shaft 233.0 238.0 5.0 0.41
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(iii) Mineralization occurs as multi-directional stockwork veining, so all
reported assay intervals are downhole lengths and not true widths.
Complete details of the holes reported herein as well as all other drilling completed by Northern Gold and previous operators 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 4 - 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-11-35X 12+25 W 11+63 N 335.1 -44.0
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GAR-11-93X 13+49 W 11+25 N 340.1 -45.0
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GAR-11-137 6+92 W 10+83 N 163.2 -44.0
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GAR-11-138 7+02 W 10.27 N 160.3 -44.4
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GAR-11-152 7+50 W 10+44 N Vertical -90.0
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GAR-11-163 7+46 W 9+44 N Vertical -90.0
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GAR-11-164 2+44 W 8+92 N Vertical -90.0
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GAR-11-165 2+50 W 8+39 N 343.2 -46.5
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GAR-11-166 2+00 W 8+91 N 340.0 -45.0
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GAR-11-167 2+00 W 8+40 N 340.0 -45.0
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GAR-11-171 7+96 W 11+09 N Vertical -90.0
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GAR-11-173 7+53 W 10+93 N Vertical -90.0
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GAR-11-174 6+51 W 12+15 N 159.9 -45.6
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GAR-11-175 6+00 W 11+88 N 163.7 -44.6
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GAR-11-176 4+00 W 9+92 N 157.4 -46.2
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GAR-11-177 4+00 W 9+92 N 157.4 -45.0
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GAR-11-178 3+51 W 9+12 N 340.0 -44.0
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GAR-11-180 3+51 W 9+62 N 160.0 -45.0
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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: 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 near 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), the property hosts several other gold mineralized showings including the less advanced 903 gold mineralized area. A Preliminary Economic Assessment is included in the Technical Report posted to SEDAR August 8, 2011. 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 and approved by Michael Gross M.S., P. Geo., Vice-President Exploration for Northern Gold, who is the "Qualified Person" as defined by NI 43-101 for this project.
CAUTIONARY STATEMENT: 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.
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.
Contacts:
Northern Gold Mining Inc.
Martha Digby
416.366.7300 or Cell: 416.455.7670
416.366.7301 (FAX)
mdigby@northerngold.ca
www.northerngold.ca