Northern Abitibi Mining Corp

Published : July 13th, 2010

Announces Additional Drill Results From Viking Including 8=2E5 Metres Gra

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
Keywords :   Canada | Diamond | G Mexico | Gold | Mexico |


Northern Abitibi Mining Corp.
Other Recent News

July 13, 2010
Northern Abitibi Announces Additional Drill Results From Viking Including 8.5 Metres Grading 2.1 Grams Per Tonne Gold and 0.5 Metres Grading 13.4 Grams Per Tonne Gold
CALGARY, ALBERTA--(Marketwire - July 13, 2010) - Northern Abitibi Mining Corp. ("Northern Abitibi") (TSX VENTURE:NAI) is pleased to provide assay results for drill holes 53 to 60 from its ongoing drill program at the Viking gold property in Newfoundland.

There are currently two Diamond drill rigs working at Viking in addition to a surface trenching and mapping program. A location map showing the 2010 drill holes is available in the Map Gallery on our website at The current round of drilling is focused on both infilling and expanding the known gold bearing zone along the Thor Trend.

Drill Results

Holes 53 to 60 are located in the southern portion of the Thor Trend and are drilled along 50 metre spaced sections designed to test the bulk minable potential of the system. To date several high grade gold zones have been identified within this zone and these will be the focus of future drill holes designed to evaluate the high grade potential of the system. Significant gold results from holes 53 to 60 are summarized in the table below.

Holes 53 and 54 both encountered multiple zones of mineralization, and similar to holes 46 to 52 (previously released), they are showing the mineralized zone is wider than indicated in previous shallow drilling, and could be composed of a number of sub parallel mineralized zones. Hole 58 encountered anomalous to low grade gold from 5 metres to 230 metres depth. The best interval in hole 58 was 0.9 g/t gold over 0.5 metres. Hole 59 tested an east-west trending splay off the Thor Trend, which contained anomalous gold over a 46 metre core interval, with the best interval returning 0.6 g/t gold over 0.9 metres.

Hole 60 encountered 0.7 g/t gold over 32.0 metres including 2.1 g/t gold over 8.5 metres and 13.4 g/t gold over 0.5 metres. This hole contained an interval with visible gold which may correlate with intervals of visible gold observed in drill holes on the section 50 metres to the south for which assay results have not yet been received. If so, the drilling would suggest this southern zones contains another high grade section, perhaps analogous to the high grade Thor Vein located in the northern part of the Thor Trend.

Summary of select drill intercepts from holes 53 to 60 - Viking Project

Drill Hole                   From (m)      To (m)   Width (m)(i)      Au g/t
Hole 53                          90.3       108.4           18.1         0.4
Hole 53                         123.4       149.0           25.6         0.3
Hole 53                         187.4       192.1            4.7         1.0
Hole 54                         49.35        52.0           2.65         1.7
Hole 54                          78.6        93.0           14.4         0.5
Hole 54                         114.3       118.0            3.7         0.9
Hole 55                          39.8        53.5           13.7         0.3
Hole 56                         107.0       109.0            2.0         1.3
Hole 57                          91.8        92.8            1.0         2.3
Hole 57                         152.0       180.3           28.3         0.3
Hole 60                           4.0        36.0           32.0         0.7
including                        21.5        30.0            8.5         2.1
including                        27.0        27.5            0.5        13.4
(i) The true widths of the mineralized intercepts have not been determined

The 2010 drilling program continues to outline the bulk minable potential of the Thor Trend as well as identify new zones of high grade mineralization within the system. The newly discovered high grade zones will be evaluated and further delineated by drilling in the coming weeks.

Exploration Update - Over 4000 metres of core in 24 holes has been drilled during the 2010 program to date (holes 46 to 69). Assay results have been received for holes 45 to 60. Drill holes 61 to 67 have been logged and sampled and have been sent to the laboratory for assay. Drill holes 68 and 69 are currently in progress. Additional assay results will continue to be released through the program as they are received and compiled. Results from an aggressive surface exploration program focused on targets outside of the Thor Trend are currently being compiled and should be ready for release shortly.

The Viking Property - The Viking Property contains numerous high grade veins within larger bulk tonnage style zones of gold mineralization located within a 3 to 4 kilometre long gold-in-soil anomaly. Drilling highlights from previous drilling programs include high grade intercepts of 5.75 metres grading 33.7 g/t gold, 3.7 metres grading 50.1 g/t gold, 0.5 metres grading 218.8 g/t gold as well as lower grade intercepts including 27 metres grading 7.9 g/t gold, 23.0 metres grading 5.1 g/t gold, and 57.4 metres grading 2.8 g/t gold. The Viking property is located in the mining friendly jurisdiction of Newfoundland and Labrador and has excellent access and local infrastructure, with a paved highway and power line located less than one kilometre from the project. Northern Abitibi has a 100% property interest in the Viking project subject to a 2% to 4% sliding scale net smelter royalty held by Altius Resources. A detailed description of the Viking project is available on our website (

Quality Control - All drill core is logged, photographed, and cut in half with a Diamond saw. Half of the core is bagged and sent to Accurassay Laboratories for analyses while the other half is archived and stored on site for verification and reference purposes. Gold is assayed by standard fire assay methods with 36 additional elements analyzed by Induced Coupled Plasma (ICP). Samples with greater than 5 g/t gold are re-assayed using a metallic sieve procedure to reduce the nugget effect created by free gold particles in the samples.

Duplicate samples, blanks, and certified standards are included with every sample batch and then checked to ensure proper quality assurance and quality control (QA/QC). Select samples are also sent to an outside laboratory for independent analyses as part of a check assay procedure.

Douay Property Update - The company is pleased to announce that it has entered into an agreement with Societe d'Exploration Miniere Vior Inc. ("Vior") whereby Vior will purchase Northern Abitibi's 50% interest in 2 claims located adjacent to Vior's Douay West deposit in Quebec. The deal calls for Vior to pay Northern Abitibi $40,000 and issue 400,000 shares of Vior as well as 200,000 warrants. Northern Abitibi will receive additional cash, shares, and warrants if Vior's Douay West deposit goes into production or if Vior's ownership in the claims falls below 10%. Further details of the agreement can be found in Vior's news release dated July 8, 2010. Northern Abitibi still owns a 50% interest in 76 mining claims in the Douay district.

Northern Abitibi - Northern Abitibi's technical team of experienced, professional geologists is committed to assembling and advancing a portfolio of gold and base metal projects from opportunities within Canada, Mexico and the United States. Northern Abitibi is focused on identifying high potential North American projects and exploring and developing them in a responsible and cost-effective manner.

Dr. Shane Ebert, P.Geo., is the Qualified Person responsible for the preparation of this news release.

Shane Ebert, President/Director

Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of Northern Abitibi's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Northern Abitibi. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Northern Abitibi's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Northern Abitibi's filings with the Canadian securities authorities. Accordingly, holders of Northern Abitibi shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Northern Abitibi disclaims any responsibility to update these forward-looking statements.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.


Northern Abitibi Mining Corp.
Shane Ebert


Northern Abitibi Mining Corp.
Jean Pierre Jutras

INDUSTRY: Manufacturing and Production - Mining and Metals


If you no longer want to receive announcements from us, please do not reply to this e-mail. Instead simply click .
Data and Statistics for these countries : Canada | Mexico | All
Gold and Silver Prices for these countries : Canada | Mexico | All

Northern Abitibi Mining Corp

ISIN : CA6647241018
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
Projects & res.
Asset profile
Contact Cpy

Northern Abitibi Mining is a gold and cobalt exploration company based in Canada.

Its main exploration properties are SOUTH VOISEY BAY, TAYLOR BROOK, DOUAY NORTHWEST and VIKING in Canada.

Northern Abitibi Mining is listed in Canada. Its market capitalisation is CA$ 1.1 millions as of today (US$ 806 842, € 756 657).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 0.44, and its lowest recent point on January 01, 2016 at CA$ 0.01.

Northern Abitibi Mining has 107 310 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
Financings of Northern Abitibi Mining Corp
3/28/2011Announces Non-Brokered Financing
Nominations of Northern Abitibi Mining Corp
6/19/2012Appoints Interim Chief Financial Officer
Project news of Northern Abitibi Mining Corp
10/17/2012(Viking)Shareholders Approve the Sale of the Viking Property to Spru...
12/7/2011(Viking)Announces New Resource Estimate for Viking With 55% Increase...
9/19/2011=2E: New Zones of Gold Mineralization Discovered at Surface
8/18/2011(Viking)Announces Additional Drill Results From Viking and the Disco...
7/27/2011(Viking)Announces Additional Drill Results from Viking Including 1=2...
6/28/2011(Viking)Announces Drill Results from Viking Including 1=2E3 Metres G...
5/17/2011(Viking)Drilling Commences at Northern Abitibi's Viking Project
4/21/2011(Viking)Receives 2011 Exploration Permits and Signs Drill Contract
3/30/2011(Viking)Announces 2011 Exploration Plans for Viking
3/2/2011(Viking)Announces Initial Independent Gold Resource Estimate for Vik...
8/19/2010(Viking)Provides Summary of Additional Gold Targets at Its Viking Pr...
8/12/2010(Viking)Intersects More Gold at Viking
7/13/2010(Viking)Announces Additional Drill Results From Viking Including 8=2...
6/22/2010(Viking)Announces Widest MineralizedDrill Intersections at Viking to...
5/27/2010(Viking)Continues to Intersect High Grade Gold at Viking
5/3/2010(Viking)Commences Drilling at Viking
4/7/2010(Viking)Receives Exploration Permits for Viking Drill Program
11/18/2008(Viking) Drills High Grade Gold Including 218.79 g/t Over 0.5m & 50....
Corporate news of Northern Abitibi Mining Corp
3/9/2015Acquires Cariboo Gold Property in British Columbia
3/9/2015Northern Abitibi Acquires Cariboo Gold Property in British C...
12/17/2014Northern Abitibi Annouces Trenching Results for Ches Includi...
10/30/2014The 2014 Exploration Program Has Been Completed at Northern ...
10/2/2014Exploration to Commence at Northern Abitibi's Ches Property,...
8/21/2014Fire Delays Exploration at Northern Abitibi's Ches Property,...
6/2/2014Northern Abitibi Announces Results of Annual & Special Meeti...
5/13/2014Northern Abitibi Receives Approval for the Ches Property Opt...
4/28/2014Northern Abitibi Approves Exploration Budget for Ches Proper...
4/23/2014Northern Abitibi Options Ches Property in British Columbia
7/9/2013Enters Into an Agreement to Sell Its Interest in the Sarah L...
10/29/2012(Viking)Completes Viking Property Sale to Spruce Ridge Resources and...
8/14/2012(Viking)Consolidates the Viking District Through a Sale of Viking to...
5/8/2012Receives $100,000 Grant
1/9/2012Files Technical Report
1/28/2009Romarco Encounters 60.6 meters of 6.9 g/t Au at Haile
1/21/2009Gold Star Acquires West African Oil and Gas Consessions
1/22/2009Gold Company Assays 2.45 Metres Averaging 38.17 g/t Au From ...
1/21/2009Romarco Encounters a 57.4 Meter Aggregate Zone of 2.8 G/T Au...
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
CA$ 0.010
03/31 15:42 -
Prev close Open
0.010 0.010
Low High
0.010 0.010
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.010 -%
Volume 1 month var.
178,000 -%
24hGold TrendPower© : -31
Explores for Cobalt - Copper - Gold - Nickel
Interactive chart Add to compare
Print Compare Export
Last updated on : 2/12/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
5 years chart
3 months chart
3 months volume chart
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
announces expected non-cash impairment
AU$ 7.62-0.13%Trend Power :
Oceana Gold(Au)OGC.AX
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
US$ 7.27-0.68%Trend Power :
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
Reduced Funding Requirement
GBX 0.67+6.35%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+30.00%Trend Power :
Closes Bridge Loan Financing
CA$ 2.13-0.47%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 9.41-3.59%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.22+0.00%Trend Power :
Q A April 2017 Quarterly Report
AU$ 0.24-2.04%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.44-4.64%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 46.69-0.13%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
2nd Quarter Report
AU$ 0.02+0.00%Trend Power :