Northern Gold Intersects 38.35 g/t Au Over 8.0 m at Garrcon Deposit
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 10/10/13 -- NORTHERN GOLD MINING INC. (TSX VENTURE: NGM) ("Northern Gold" or the "Company") is pleased to announce results from 21 diamond drill holes from its surface diamond drilling program on the Garrcon Deposit of the Golden Bear Project, 100 km east of Timmins, Ontario. The 21 drill holes totaled 9,484 metres.
Drill assay highlights for the drill holes include:
Martin Shefsky, President and CEO of Northern Gold, comments: "These results represent the balance of the drilling program at Garrcon. Mineralized intercepts from infill drilling in the upper portions of the main Garrcon deposit confirm previous drilling and should increase resource confidence. New higher grade mineralized intercepts below the existing resource show potential for resource expansion."
Garrcon Shaft Zone
Drill holes GAR-12-206, 207, 213, 246, 251, 252, 254 were vertical and angled infill drill holes in the central portion of the Garrcon Shaft Zone. The vertical holes targeted deeper mineralization below the proposed pit floor to investigate down dip potential as seen in holes GAR-12-204, 205 (press released May 9, 2012 and January 31, 2013, respectively). Grades in the upper portions of these holes largely agreed with previous drilling and will increase resource confidence; several higher grade intercepts intersected below the proposed pit floor show potential for deeper mineralized zones. The intersection of bonanza type grades in hole GAR-12-213 exhibits one of the richer portions within the deposit.
Garrcon North Zone/Green Zone
Drill holes GAR-11-172, GAR-12-226-228, 237, 250, 253, 270 were drilled to target mineralization around the periphery of the Garrcon deposit in the North Zone and/or Green zone horizons. Numerous narrower zones of mineralization were intersected.
Garrcon East
Drill holes GAR-12-261, 266-268 were angled drill holes designed to test the strike extension of shaft zone type mineralization along the footwall of the Destor-Porcupine fault. Each of the holes intersected deep gold mineralization in metasediment near the contact. This is largely viewed as the down plunge extension of the Garrcon shaft zone and has extended the total strike length to 1,600 metres.
Drill holes GAR-12-242X and 229 tested shallow mineralization along the Garrcon north contact but intersected only anomalous values.
Table 1 - Garrcon Assay Results (i) - These results are significant drill assays from 21 drill holes on the Garrcon Deposit.
Notes
Table 2 - Location and Initial Orientation of Drill Holes
The Garrcon drill plan and cross sections will be posted on the Company's website at: .
Quality Assurance/Quality Control
Northern Gold has implemented comprehensive, industry standard quality-assurance, quality-control protocols for diamond drilling, core recovery, handling, sampling, shipping and assaying. Details of these best practice principals can be viewed on the Company's website at: .
The technical aspects of this press release have been reviewed and approved by Gary Nassif, M.Sc., P.Geo., Manager Exploration Services of Northern Gold and the "Qualified Person" as defined by National Instrument 43-101 for the Golden Bear Project.
About Northern Gold
Northern Gold is a TSXV-listed gold company based in Toronto, Ontario. The Company's main focus is the exploration and development of its prospective mineral properties at the Golden Bear Project in the Larder Lake Mining Division, northeastern Ontario. Northern Gold has a portfolio of advanced exploration projects, including the Jonpol and Garrcon Deposits and the Buffonta Property. Recent transactions, including the Harker-Holloway Property option, the amalgamation with Victory Gold Mines Inc. and the acquisition from Lac Properties, add to the Company's regional consolidation strategy along the Destor-Porcupine Fault Zone.
CAUTIONARY STATEMENT: Neither the 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking statements are characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, Northern Gold's strategic partnership and issuances of securities, and is based on, among other things, the opinions and assumptions of management considered reasonable as of the date of this news release. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required regulatory approvals, changes in equity markets, fluctuations in commodity prices, and other risks involved in the mineral exploration and development industry, including those risks set out in Northern Gold's public documents filed on SEDAR. Although Northern Gold believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Northern Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Contacts:
Northern Gold Mining Inc.
Martin Shefsky
President & Chief Executive Officer
647.297.8793
Northern Gold Mining Inc.
Eric Szustak
Manager, Business Development
905.330.7948
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Datum: 10.10.2013 - 12:35 Uhr
Sprache: Deutsch
News-ID 304701
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