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Re: News Release - Friday, June 15, 2007
Northland Announces Tapuli Drill Results
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View News Release and Tapuli Drill Hole Status Map in PDF Format:
http://www.northlandresourcesinc.com/i/pdf/2007-06-15_NR.pdf
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Vancouver, June 15, 2007: Buck Morrow, President of Northland Resources
Inc., is pleased to announce the results from Northland's recent
33-hole drill program and initial results of the metallurgical testing
at the Tapuli magnetite deposit in "Kaunisvaara iron ore field"
Norrbotten County, Sweden. The Tapuli prospect is located 5km to the
north of the Stora Sahavaara magnetite deposit. The results to date
support Northland management's current view that the Tapuli body is a
potential source of low sulphur iron ore, accessible by open pit mining
operations with a relatively low stripping ratio.
Highlights of the recent drilling include:
TPL07002 91.5m @ 36% Fe within a broader intercept of 210.3m @ 27.8% Fe
TPL07003 47m @ 41.1% Fe within a broader intercept of 238.1m @ 29.1% Fe
TPL07005 38.6m @ 41.4% Fe within a broader intercept of 77.8m @ 33.4% Fe
TPL07006 38m at 36% Fe within a broader intercept of 91.7m @ 25% Fe
The true thickness of the mineralization is believed to be
approximately 85-90% of the downhole thickness. A full table of results
is given below and a map showing the drill collar locations has been
posted on the Northland website at www.northlandresourcesinc.com.
Historical results for holes drilled by the Swedish Geological Survey
(SGU) in the 1960s will be available on the website soon. Northland
has twinned some of SGU holes and comparison of the twinned holes
suggests that there is good correlation between the two generations of
drilling.
Buck Murrow states "What has impressed us most is the low sulfur
content (<0.1%) for much of the deposit. From our initial metallurgical
work, we believe Tapuli has the potential to produce a first-class
commercial grade sinter feed using a relatively coarse grind".
Drilling has confirmed the presence of a thick higher grade core zone
to Tapuli known as the Central Zone. It measures roughly 400m by 400m
in extent and exceeds 200m in true thickness locally. The Central zone
will be the main focus of Northland's work at Tapuli going forward. It
occurs below an 11-meter layer of glacial till, along the hinge zone of
a major fold axis which was estimated by the Swedish Geological Survey
(SGU) to contain 17-million tonnes averaging +40% Fe to a depth of 300m
within a larger resource estimated at approximately 60,000,000 tonnes
of magnetite mineralization.
Geophysical work (magnetic and gravity) completed by the SGU in 1971
concluded that the central core of high grade may be continuous to a
depth in excess of 2,000m. Management believes that Tapuli could be
mined concurrently with the nearby Stora Sahavaara magnetite body,
potentially extending the open pit mining phase of Northland's iron
projects by an additional 5 years. The reader is cautioned that
Northland has not completed a feasibility study on either the Tapuli or
Stora Sahavaara magnetite bodies and there is no certainty that the
projects will be economically viable. Also, the historic resources
referred to are not NI 43-101 compliant. The Company does not have --
and is not aware of -- any more recent resource estimates which conform
to the standards laid out in NI 43-101 and the historical estimate
should not be relied upon.
Northland's drilling, together with the historical work, has outlined
the deposit to depths ranging from 100m to 300m below surface with
bands of contiguous magnetite mineralization ranging from 10m to 200m
in width. The mineralization can be traced for 2,200m along a
northeast-southwest strike direction, dipping to the northwest at 50-65
degrees.
Metallurgical Testing
In conjunction with the drilling, the Company initiated a major
metallurgical test program including Davis Tube Tests (DTT) and x-ray
mineralogical analysis. To date, results have been received from 128
of the 300 planned DTT's as well as assays of the resultant magnetic
and non-magnetic material fractions. The DDT and assay results
indicate that a high grade, low sulfur iron concentrate may be
achievable through magnetic separation only. A full evaluation of the
current results is underway and mineralogical analysis of selected
DTT's will be undertaken over the next several months. Additional
results will be released as available. The results will also be used
for planning future bench and pilot scale test work. The DTT and assay
work are being carried out by the Finnish Geological Survey
metallurgical laboratory in Outokumpu, Finland.
Stora Sahavaara
The 200 tonne bulk sample of Stora Sahavaara magnetite ore was
containerized and has been received at the metallurgical testing
laboratory in Ontario, Canada. Pilot plant test work started on June
11, 2007 and results will be reported as they are received and
interpreted.
NI 43-101 Statement
Vance V. Thornsberry, P.Geol., Vice President of Exploration for
Northland, is the Qualified Person as defined in NI 43-101 responsible
for overseeing the design and execution of the Tapuli drill program and
has verified that the information contained in this release is an
accurate summary of the exploration data received by the Company. Mr.
Thornsberry has also verified that the historic information presented
in this release has been accurately summarized from the reports quoted.
Paul Marsden, C Eng and C Sci., Vice President of Metallurgical
Development and Operations for Northland, is the Qualified Person as
defined in NI 43-101, responsible for overseeing the design and
execution of the Tapuli metallurgical program and has verified that the
information contained in this release is an accurate summary of the
exploration data received by the Company.
Background
Northland Resources Inc. is a well-structured, debt free junior
exploration company with a portfolio of high quality iron, gold, and
base metal exploration projects in Sweden and Finland.
ON BEHALF OF THE BOARD
"Buck Morrow"
NORTHLAND RESOURCES INC.
The TSX Venture Exchange has not reviewed and does not take
responsibility for the accuracy of this release.
CONTACT INFORMATION
Northland Resources Inc.
Buck Morrow, President
Ralph Rushton, Investor Relations
Toll Free: 1-866-719-8962
www.northlandresourcesinc.com
Table 1: Northland's drill results from the Tapuli iron project,
Sweden.
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Downhole
Hole No From To Intercept Fe %
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TPL07001 96.0 239.4 143.4 24.2
including 107.0 116.0 9.0 35.7
152.4 178.4 26.0 40.9
TPL07002 107.3 317.6 210.3 27.8
including 138.5 148.7 10.2 27.5
156.8 248.3 91.5 36.0
283.0 299.4 16.4 44.2
TPL07003 48.0 286.1 238.1 29.1
including 132.7 179.7 47.0 41.1
183.7 237.3 53.6 32.8
TPL07004 79.5 110.8 31.3 24.6
including 169.3 209.6 40.3 27.3
TPL07005 17.0 127.2 110.2 22.9
and 134.7 212.5 77.8 33.4
including 144.6 183.2 38.6 41.4
TPL07006 108.0 199.7 91.7 25.0
including 120.0 158.0 38.0 36.0
TPL07007 83.6 149.8 63.5 20.8
TPL07008 25.1 137.2 112.1 24.4
including 62.5 80.0 17.5 36.6
118.6 137.5 18.9 36.3
TPL07009 22.5 54.1 31.6 18.6
TPL07010 36.1 86.8 50.7 24.2
including 39.0 56.3 17.3 31.2
TPL07011 48.4 58.4 10.0 16.7
TPL07012 38.0 40.7 2.7 36.6
TPL07013 No significant results
TPL07014 134.2 138.7 4.5 18.1
150.0 154.0 4.0 23.3
160.6 166.3 5.7 20.4
194.7 198.2 3.5 23.8
TPL07015 No significant results
TPL07016 33.7 80.2 46.5 21.2
TPL07017 108.0 112.1 4.1 26.6
132.2 148.6 16.4 29.2
TPL07018 37.0 128.0 91.0 22.0
including 43.0 63.8 20.8 42.5
TPL07019 21.6 46.2 24.6 22.9
including 28.4 39.8 11.4 32.5
TPL07020 22.5 63.9 41.4 16.8
TPL07021 40.1 49.1 9.0 29.8
TPL07022 8.3 43.0 34.7 26.9
TPL07023 136.1 175.4 39.3 20.2
TPL07024 11.0 14.0 3.0 15.7
19.6 27.5 7.9 21.9
TPL07025 122.0 136.8 14.8 17.2
TPL07026 74.8 91.7 16.9 31.9
TPL07027 No significant results
TPL07028 123.6 143.9 20.3 23.6
TPL07029 93.1 124.3 31.2 19.9
TPL07030 Assays pending
TPL07031 110.4 121.9 11.5 24.0
TPL07032 108.7 112.8 4.1 18.4
138.7 144.7 6.0 32.0
TPL07033 109.1 116.5 7.4 28.3
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View News Release and Tapuli Drill Hole Status Map in PDF Format:
http://www.northlandresourcesinc.com/i/pdf/2007-06-15_NR.pdf
85 KB in size, approx. 17 seconds to download at 56.6Kbps
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Copyright (c) 2007 NORTHLAND RESOURCES INC. (NAU) All rights reserved.
For more information visit our website at
http://www.northlandresourcesinc.com/ or send
mailto:karenr@goldgroup.com
Message sent on Fri Jun 15, 2007 at 7:17:27 AM Pacific Time
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