Northern Gold Continues to Define Mineralization and Reports Results for 5 Garrcon Gold Deposit Drill Holes
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 10/13/11 -- Northern Gold Mining Inc. (TSX VENTURE: NGM) ("Northern Gold" or "the Company") today announced assay results for five additional diamond drill holes totaling 1,304 meters of drilling from its ongoing 2011 drill program at the Garrcon Deposit which is located on the 100% owned Garrison Gold Property situated in North Eastern Ontario. This brings the total meters of drilling reported for the 2011 drill program to 10,303 meters in 35 holes. These holes continue advancing the Company's primary focus of infill drilling to tighten up drill hole spacing and to increase the resource quality for those estimated resources reported in the A.C.A. Howe International Ltd. (Howe) Technical Report posted to SEDAR August 8, 2011. The Company also continues to infill areas where drill hole spacings were too wide to include the intervening areas in the previous resource estimate. All the holes being reported intercepted gold mineralization (see discussion of GAR-11-88 below). Northern Gold has two diamond drills working on this infill definition drilling and will add the reverse circulation drill, expected to be on site by month end, to accelerate the infill drilling program. Two other diamond drills are being used for step out drilling, primarily to the east, to follow the strike direction of gold mineralization which may expand the Howe resource footprint along strike.
These five holes were drilled along north/south oriented drill fences that cover an east-west strike length of 50 meters in the eastern half of the presently delineated Garrcon resource footprint and 50 meters of strike length near the western end of the resource footprint. Drill hole locations, azimuths and collar declination are shown in Table 2. Hole location within the resource footprint as well as complete cross sections can be viewed on a plan map available on the Company's website by clicking on the following link: .
Because no assays above 34.0 g/t are reported in these results, the total number of assay results received that are higher than one ounce per tonne since drilling commenced in May of 2010 remains at 12. With more than 20,000 samples analyzed, 12 samples is a statistically insignificant frequency (0.06% of total samples).
Drill hole GAR-11-88, drilled along Section Line 9+00 W, is the first hole drilled in the 100 meter strike distance between lines 8+50 W and 9+50 W. Gold mineralization encountered was about as expected based on results in drill holes located on strike to the west. The hole encountered the ultramafic body bounding the north side of the deposit at 287 meters downhole with North Zone mineralization present in the 50 meters above that contact. GAR-11-89 was drilled along Section Line 9+50 W and encountered similar mineralization to GAR-11-87 (Press Release October 5, 2011). This hole encountered the north bounding ultramafic rocks 339 meters downhole at the bottom of 149 meters of North Zone mineralization.
Drill holes GAR-11-91 and GAR-11-92 were drilled along Section Line 14+00 W and both holes were designed to test Shaft Zone mineralization near the western limit of the present resource footprint. Assay results indicate that mineralization in the area drilled occurs over shorter downhole intervals and is slightly lower grade than the holes on strike 25 meters to the east GAR-11-90 was drilled on Section Line 14+50 W and represents the first of several holes that step out to the edge of and beyond the resource footprint. These holes are designed to follow up on mineralized intercepts seen in holes drilled by previous operators and to follow along the western strike extension of mineralization seen in drill holes east of Section Line 14+00 W. The plan is to drill two or three holes, then wait for assay results to assist with planning the next several holes. Following completion of each two or three holes series, the drill is then moved to the eastern half of the resource to continue infill drilling in that area.
Quality Assurance/Quality Control
Northern Gold Mining Inc. has QA/QC protocol in place for its exploration work. The Company is currently diamond drilling the Garrison Gold Property and the drilling contractor that completed these holes is Major Drilling Group International Inc.. The NQ Core size gives good sample sizes and enables at least two size step-downs if ground conditions should require it. Core is delivered to the secure Core Shack facility by the driller or picked up by one of Northern Gold's designated personnel and transported to the Core Shack facility. In addition to recovery and RQD (Rock Quality Designation) data, geologic parameters including lithology, alteration, quartz veining, presence and identification of sulfide mineralization along with other geologic parameters are noted and recorded. Core is marked in one-meter intervals for splitting, sampling and assaying, unless geologic data indicate a shorter sample interval. Prior to splitting, all core is photographed. Core splitting is done with a diamond core saw and 1/2 of the drill core is submitted to Expert Laboratories, an accredited laboratory (PTP-MAL - Accredited by Standards Council of Canada - In full accord with ISO/IEC Guide 43-1 "Proficiency Testing by Interlaboratory Comparison") in Rouyn-Noranda, Quebec for assaying. The remainder of the core is stored at the Garrison Gold Property. All sample intervals where visible gold is observed to be present are automatically submitted for analysis using the metallic screen procedure where the entire half core is crushed, pulped and screened at 100 mesh. The screen oversize is assayed in total and the screen undersize is fire assayed in triplicate using a gravimetric finish.
All other samples are analyzed by conventional fire assay using a 30-gram sample with geochemical finish. All samples that assay greater than one gram are re-assayed with conventional fire assay using a gravimetric finish. Conventional fire assay sample prep consists of crushing to 90% passing 10 mesh from which a 300-gram sample is split and pulped to 90% passing 200 mesh and from which a 30-gram sample is taken for fire assaying. Following completion of fire assaying at Expert Laboratories, pulp samples are forwarded by Expert to SGS' certified laboratory (ISO/IEC 17025), in Toronto, Ontario for CN solubility assaying and for multi-element analyses of select samples. CN solubility test uses a 1% CN solution added to 30 grams of sample and shaken for an hour prior to settling and decanting for geochemical analysis. Multi-element analysis is conducted using 4-acid digestion followed by ICP analysis with OES finish (Inductively coupled plasma optical emission spectroscopy). Northern Gold inserts a mixture of gold standard samples, blank samples and duplicate samples into the sample stream at a rate approximating 10% of total original samples. Samples are normally transported in a Company truck from the Property to Expert Labs in Rouyn-Noranda. Chain of Custody protocols require the signing and maintenance of logs and receipts each time the samples are picked up from or delivered to a new location. When utilizing commercial transportation, all shipping sacks are sealed with a numbered tag, the removal of which is recorded upon receipt by Expert Laboratories. Check analyses are conducted on a regular basis utilizing SGS' laboratory, in Toronto, Ontario.
About Northern Gold Mining
Northern Gold Mining Inc. 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 North Eastern Ontario. Northern Gold is focused on developing two advanced stage gold deposits on the Garrison Gold Property. The Property is located within the Abitibi greenstone belt along the Porcupine-Destor and the Munro Fault systems. In addition to the advanced stage Jonpol and Garrcon Gold Deposits, both of which have NI 43-101 compliant resource estimates completed, the property hosts several other gold mineralized showings including the less advanced 903 gold mineralized area. Historically diamond drilling by previous operators was completed in all three referenced areas. An NI 43-101 Technical Report was posted on SEDAR October 21, 2009 for Jonpol, and two for Garrcon were posted on SEDAR November 5, 2010 and August 8, 2011, the latter of which includes a Preliminary Economic Assessment. The Garrison Gold Property has historical mining infrastructure at both the Jonpol and Garrcon Deposits, and currently producing mines are located near the property. On May 13, 2011, the Company completed its purchase of 100% ownership of the Garrison Gold Property from ValGold Resources Inc.
The technical aspects of this press release have been reviewed by Michael Gross M.S., P.Geol., 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.
Martin R. Shefsky
President and CEO
416.366.7300
416.366.7301 (FAX)
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Datum: 13.10.2011 - 13:33 Uhr
Sprache: Deutsch
News-ID 75880
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