Northern Gold Mining

Published : August 14th, 2008

ANNOUNCES ADDITIONAL HIGH GRADE GOLD ASSAYS 552.96 g/t (16.13 oz/t) ON ITS KIRANA PROPERTY

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NORTHERN GOLD MINING ANNOUNCES ADDITIONAL HIGH GRADE GOLD ASSAYS 552.96 g/t (16.13 oz/t) ON ITS KIRANA PROPERTY
 

Toronto, Ontario (August 14, 2008):  Northern Gold Mining Inc. (TSX-V NGM) is pleased to announce additional high grade gold assays from its ongoing stripping, mapping and sampling program following-up on last month's high grade gold discovery in the Fidelity area of Northern Gold's Kirana property.  Analytical results from the initial lot of 44 chip and channel samples, collected in the stripping and sampling program after the high grade gold discovery, have been returned confirming the presence of very high grade local gold with assays up to 552.96 g/t (16.13 oz/ton) Au. The Kirana property comprises 86 contiguous claim units, 4 patent blocks and an isolated block of 8 claim units just south of the main group. The claim group extends across 4 townships, 5 kms. To the northeast of the prolific Kirkland Lake gold camp, where to date more than 24 million ounces of gold have been produced. 

To date an additional 1350 square metres of bedrock has been exposed in the surface stripping and sampling program including the hillside between the two previous stripped areas. It is now believed the mineralized zone exposed in the initial hillside stripping represents a continuous sheet of mineralization, striking along the hillside at 118? and dipping down the slope of the hillside at 45-60?, as abundant quartz-carbonate alteration with molybdenum and fine disseminated pyrite continues across the newly exposed hillside stripping between the two previously stripped areas. The total continuous strike length of the zone now exposed is approximately 105 metres. The zone would be open along strike to the west and down-dip. To the east the zone would intersect the wide shearing presumed to be the Kirana Break and would be dragged into the shearing possibly to be offset on the eastern side of the shearing. Because of the irregular, undulating, often very steep nature of the hillside topography in this area it is not possible to cut systematic channel samples across the zone. Sampling continues as localized, irregular channel and chip samples, attempting to be as representative as is possible within the constraints of the irregular topography. The lot of 44 assays just returned represents samples taken from an area up to 10 metres south and west of the area of the original eastern stripped area where coarse visible gold was reported, and additional samples gathered from the original western stripped area. The new sampling south and west of the coarse visible gold area returned assays as high as 74.43 g/t Au while additional sampling on the western stripped area returned assays as high as 552.96 g/t Au where previously the highest assay was 40.96 g/t Au. An assay plan showing all assays returned to date can be viewed at http://www..northerngold.ca/pdfs/fidelitystrippingupdate.pdf. The table below lists all 44 of the newly received assays.  

Sample #
<!--[if !supportLineBreakNewLine]-->
<!--[endif]-->
 

Assay
(g/t)
 

Assay
(oz/ton)
 

Type
<!--[if !supportLineBreakNewLine]-->
<!--[endif]-->
 

Length
(metres)
 

     Assay
Certificate #
 

28209 

552.96 

16.13 

selected 

NA 

4272 

28085 

74.43 

2.17 

channel 

0.75 

4272 

28080 

4.05 

0.12 

channel 

0.65 

4270 

28078 

3.84 

0.11 

channel 

0.4 

4270 

28082 

3.50 

0.10 

channel 

0.6 

4270 

28092 

3.22 

0.09 

selected 

NA 

4271 

28068 

2.06 

0.06 

selected 

NA 

4270 

28075 

1.92 

0.06 

channel 

0.55 

4270 

28208 

1.51 

0.04 

selected 

NA 

4270 

28074 

1.44 

0.04 

channel 

0.6 

4270 

28207 

1.37 

0.04 

selected 

NA 

4271 

28086 

1.30 

0.04 

channel 

1.1 

4271 

28091 

0.89 

0.03 

selected 

NA 

4271 

28092 

0.82 

0.02 

selected 

NA 

4271 

28067 

0.69 

0.02 

channel 

0.55 

4270 

28087 

0.48 

0.01 

channel 

0.3 

4271 

28083 

0.41 

0.01 

channel 

0.35 

4271 

28084 

0.34 

0.01 

channel 

1.0 

4271 

28072 

0.27 

0.01 

channel 

1.0 

4270 

28079 

0.27 

0.01 

channel 

0.9 

4270 

28076 

0.21 

0.01 

selected 

NA 

4270 

28088 

0.21 

0.01 

channel 

0.3 

4271 

28210 

0.21 

0.01 

selected 

NA 

4271 

28081 & 28206 

0.15 

TR 

channel 

1.0 

4270 & 4271 

28065 

0.02 

TR 

selected 

NA 

4270 

28066 

0.02 

TR 

selected 

NA 

4270 

28069 

0.02 

TR 

channel 

0.5 

4270 

28070 

0.02 

TR 

channel 

0.45 

4270 

28071 

0.02 

TR 

selected 

NA 

4270 

28077 

0.02 

TR 

channel 

0.45 

4270 

28089 

0.02 

TR 

channel 

0.45 

4271 

28090 

0.02 

TR 

channel 

0.65 

4271 


Power-stripping and washing of the area is now complete with irregular chip and channel sampling of the newly exposed areas on-going. Eleven drill holes ranging in lengths from 50-100 metres has now been completed testing the Matheson Zone with logging, splitting and assaying on-going. To date 770 metres of NQ drilling has been completed on this 2000 metre initial phase drilling. 

Northern Gold Mining follows certain quality assurance and control (QA/QC) procedures to ensure sampling and analysis of all exploration work is conducted in accordance with the best possible practices. The rock samples collected were sent to the ISO 9001:2000 certified Polymet Laboratories in Cobalt, Ontario where samples were analyzed for gold using fire assaying techniques. As part of its QA/QC work, the Company submits blanks and standards approximately every 50 samples to check for possible analytical error.  

In addition, Northern Gold has received assays from samples taken on its Sylvanite Tailings project, on the basis of which samples it has determined that the project is sub-economic and has decided to discontinue further work on the tailings project for the time being. 

Results of these sampling programs and the sampling procedures have been reviewed by R.V. Zalnieriunas P.Geo. an independent consulting geologist who is the "Qualified Person" as defined by NI 43-101 for this project.

For further information please contact:   

Northern Gold Mining Inc.   

Martin Shefsky                                             
President and CEO                                    
Tel: (416) 366-7300                                     
Fax: (416) 366-7301                                    
E:
mshefsky@northerngold.ca                    
 
 

Jeffery Boykin
VP Investor Relations Regulatory Affairs
Tel: (416) 366-7300
Fax: (416) 366-7301
E:jboykin@northerngold.ca

Web site: www.northerngold.ca  

CAUTIONARY STATEMENT: The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, future plans and objectives of Northern Gold Mining Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Northern Gold Mining Inc.'s expectations are the risks detailed herein and from time to time in the filings made by Northern Gold Mining Inc. with securities regulators.

 
Sent to:

Northern Gold Mining

EXPLORATION STAGE
CODE : NGM.V
ISIN : CA66516M1095
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Northern Gold is a gold exploration company based in Canada.

Northern Gold holds various exploration projects in Canada.

Its main exploration properties are KIRKLAND LAKE, BOURKES GROUP, KIRKLAND LAKE, KIRANA GROUP, GARRISON and GARRISON - JONPOL / MONETA in Canada.

Northern Gold is listed in Canada. Its market capitalisation is CA$ 3.1 millions as of today (US$ 2.3 millions, € 2.1 millions).

Its stock quote reached its highest recent level on April 08, 2011 at CA$ 0.64, and its lowest recent point on December 23, 2015 at CA$ 0.01.

Northern Gold has 314 920 000 shares outstanding.

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