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Vancouver, British Columbia: Northern Lion Gold Corp.
(the "Company") announces the completion of a helicopter-borne,
geophysical survey on its 100% owned Oxberg and Skyttgruvan mineral
exploration licences, located within the prolific Bergslagen district
approximately 175 km northwest of Stockholm, Sweden.
This program was carried out by Geotech Airborne Limited (Geotech).
Employing an advanced, deep-penetrating, VTEM (Versatile Time-Domain
Electromagnetic) system, which included a high-resolution cesium
magnetometer. Flight lines were oriented on a northwest-southeast, 100
metre grid, for a total of 560 line-km, including tie-lines.
The Company is now awaiting the preliminary survey data from Geotech,
followed by the final filtered and leveled version which will then be
forwarded to Condor Consulting, Inc. ("Condor"), of Lakewood,
Colorado. Condor is internationally-recognized for its expertise in the
interpretation of airborne electromagnetic survey data. Condor will
process and interpret the complex data-set generated by the survey.
The Skyttgruvan (1,246.79 hectares) project is immediately west of
the historical Falun mine, which operated continuously for more than a
millennium until 1992, producing more than 28 million tonnes of ore,
containing approximately 840,000 tonnes of copper, with significant
values of zinc (4%), lead (1.5%), gold (3 grams/tonne) and silver (18
grams/tonne). There are numerous sulphide showings within the project
area as well as the past producer "Skyttgruvan Mine", which was
mined between 1890 and 1908, with a reported production of 33,000 tons
zinc and 32,000 tons copper from 275,000 tons of ore. A grab sample
collected from the mines dump returned 26.1% zinc, 13.45% lead, 1.79%
copper, 489 grams/tonne silver and 0.7 grams/tonne gold.
The Oxberg (2,342.16 hectares) project is located approximately 10
kilometres to the northwest of the Skyttgruvan project. It overlies
locally strong metasomatically altered felsic volcanics. The Oxberg
project also contains numerous sulphide showings as well as small past
producers. Two grab samples were collected from historical small
pits/workings. The first grab sample returned values of 5.23% copper, 185
grams/tonne silver, and 0.72 grams/tonne gold and the second returned
values of 6.37% copper and 131 grams/tonne silver. The project is
adjacent to the north by Boliden AB, Zinifex to the south and Lundin
Mining Corp. to the west.
Quality Control/Quality Assurance
The Company's field activities in Sweden are
supervised by Henrik Wik, M.Sc. (Geology and Mineralogy), under the
direction of Joan McCorquodale, P.Geo. (BC), a consultant to the Company
and a "Qualified Person", as defined by National Instrument
43-101 ("NI 43-101") and is responsible for the technical
content of this news release.
In addition, the Company retained Mr. S�ren Bystr�m to provide
technical oversight of the geophysical survey. Mr. Bystr�m was formerly
in charge of the Airborne Geophysics Department with the Geological
Survey of Sweden, and is currently semi-retired, retaining an adviser role
to the Geological Survey of Sweden.
About Northern Lion Gold Corp.
Northern Lion Gold Corp. is a Canadian mineral
exploration company, listed on the TSX Venture Exchange and the Frankfurt
Exchange. The Company is committed to building a strong portfolio of
projects within mining-friendly and infrastructure-rich areas of Europe.
The Company is well funded to continue to define and explore its existing
projects and to acquire and explore new projects.
NORTHERN LION GOLD CORP.
John Lando, President.
For information with respect to the Company or the contents of this
news release, please contact John Lando or Don Flahiff at (604)
669-2701, toll free at 1-800-663-0510, or email to info@northernliongold.com.
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This news release includes "forward-looking
information", as such term is defined in applicable securities
laws. The forward-looking information includes, without limitation, the
success of exploration activities and other similar statements concerning
anticipated future events, conditions or results that are not
historical facts. These statements reflect management's current
estimates, beliefs, intentions and expectations; they are not
guarantees of future performance. The Company cautions that all
forward-looking information is inherently uncertain and that actual
performance may be affected by a number of material factors, many of
which are beyond the Company's control. Such factors include, among
others, risks and uncertainties relating to exploration and
development; the ability of the Company to obtain additional financing;
the Company's limited operating history; the need to comply with
environmental and governmental regulations; potential defects in title
to the Company's properties; fluctuations in currency exchange rates;
fluctuating prices of commodities; operating hazards and risks;
competition; and other risks and uncertainties. Accordingly, actual
future events, conditions and results may differ materially from the
estimates, beliefs, intentions and expectations expressed or implied in
the forward-looking information. All statements are made as of the date
of this news release and, except as required by law, the Company is
under no obligation to update or alter any forward-looking information.
The TSX Venture Exchange
does not accept responsibility for the adequacy or accuracy of this
news release.
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