Northern Gold Mining

Published : June 15th, 2010

Announces Assay Results of New Mineralized Zone Samples Grading up to 93.89g/t Gold

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Toronto, Ontario (15 June 2010): Northern Gold Mining Inc. ("Northern Gold" or "the Company") (TSX-V: NGM) announces today the assay results of twelve surface grab samples from a new mineralized showing ["the 1070 Vein"], which appears to be the eastward extension of the shaft zones. Six of the twelve samples contained visible gold and graded from 4.53 g/t to 93.89 g/t gold. See the table below for complete results. As part of the Company's current Phase II drill program, Northern Gold continues to explore and prospect the Garrison property.

Sample No.

Au (g/t)

81258

0.02

81259

0.29

81260

60.28

81261

15.22

81262

0.44

81263

7.26

81264

0.22

81265

83.48

81266

24.99

81267

93.89

81268

44.36

81269

4.52

 

Initial sampling on the 1070 vein was over a distance of roughly 20 metres along strike, but the 1070 vein has now been traced on surface over a 30 metre distance and continues further along strike. The 1070 vein is located roughly 300 meters east of the Garrcon shaft and another 100 meters further east along strike from the Shaft zones previously drill tested by hole GAR-09-06.

"These high-grade surface assay results, along with the presence of visible gold, demonstrate the significant potential of the Garrison property," said Martin Shefsky, President and CEO of the Company. "With these results, Northern Gold has initiated a surface stripping program to investigate the 1070 Vein as well as two other areas of interest at the Garrcon prospect. Surface stripping is expected to last 2-3 weeks, involving detailed geological mapping and systematic channel sampling of the vein and refinement of diamond drill targets east of the main Garrcon shaft zones with the goal to add this mineralized zone to our overall resource estimate."

 

The 10,000 meter Phase II diamond drill program currently underway at the Garrcon prospect commenced 10 May 2010 and targets the North, Shaft, and South zones. The drill program is testing bulk tonnage open-pit gold mineralization at the Garrcon prospect. To date seven holes have been completed, totaling 1616 metres. Visible gold mineralization has been observed in all holes. Samples for the first three holes have been sent to Swastika Labs for assay and results are expected in the next week, after which interpretation and reporting can begin.

Northern Gold is in the first year of an option agreement under which it is earning its interest in the Garrison gold property from ValGold Resources Ltd. ("ValGold", TSX-V: VAL). For more information on the option agreement, please see the Company's news release dated 14 September 2009.

Northern Gold Mining Inc. has implemented a quality assurance and control (QA/QC) program 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 Swastika Laboratories in Swastika, Ontario, and analyzed using the appropriate gold fire assaying technique. Sample standards and blanks are inserted into the sample stream at every 20th sample, to ensure at least one standard or blank is included in each analytical run at the lab. This ensures lab integrity. Approximately 5% of sample rejects and/or pulps will be sent to a lab other than Swastika Laboratories for check assaying. Every 35th sample is duplicated by quarter cutting the core to check on analytical variation with half core samples.

This Press release has been reviewed by Brad Leonard P. Geo., exploration manager for Northern Gold Mining Inc., who is the "Qualified Person" as defined by NI 43-101 for this project.

About Northern Gold Mining Inc.

Northern Gold Mining Inc. is a Toronto based junior resource company dedicated to gold exploration in the Timmins and Kirkland Lake mining camps of Northern Ontario. The Company's focus is the Garrison gold property, which contains historic mining infrastructure with producing mines adjacent to the property. Per a NI 43-101 report filed by Northern Gold on SEDAR on 21 October 2009, the Garrison gold property has an indicated resource of 253,100 tonnes grading 7.77 grams per tonne gold (63,200 ounces) and an inferred resource of 1,555,800 tonnes grading 4.93 grams per tonne gold (246,540 ounces),

 

For further information please contact:

Northern Gold Mining Inc.

Martin R. Shefsky                                                        Jeffery P. Boykin

President and CEO                                                       VP Investor Relations/Regulatory Affairs

Tel: (416) 366 - 7300                                                     Mobile: (647) 269 - 7300

Fax: (416) 366 - 7301                                                    Tel: (416) 366 - 7300

E: mshefsky@northerngold.ca                                       Fax: (416) 366 - 7301

Web site: www.northerngold.ca                                      E: jboykin@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 By:

Northern Gold Mining Inc.

20 Vicroia Street
Suite 800

Toronto ON M5C 2N8
Canada

 

To view as a web page.

 

 

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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