Northern Star Mining Corp.

Published : May 23rd, 2008

Canada’s next gold producer?

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Keywords :   Gold | Gold Producer | Gold Production |

Update on Northern Star Mining NSM-TSXV/Robert A. Young/RAYA Group

 

Canada�s next gold producer?  Northern Star Mining NSM-TSXV

 

            Robert A. Young/the RAYA Group reports�.Northern Star Mining expects to be producing gold from their Midway project at the old Malartic gold site 15 kilometres west of Val D�Or, Quebec.

 

Points of Note:

 

  1. Quebec was voted #1 place to go mining in the world according to the Fraser Institute (geopolitically/geologically). 

 

  1. Results will be out soon from drilling at three sites on the property.  Assays done with quick turn around time from Thunder Bay (approx 2 weeks) and Timmins, Ontario (about 3 weeks).

 

  1. One drill rig is drilling the porphyry (similar rock to what Osisko OSK-TSXV has been drilling next door); another rig is drilling the northern contact where the Blaker and the Cadillac fault systems intercept each other.  Some of the highest gold grade in Quebec is on Northern Star�s property where these two faults/breaks intercept each other (average grade 6 to 8 grams).  A third rig is drilling high grade gabbroic lenses (14 of these mineralized lenses have been discovered).  These lenses are believed to contain about 90,000 to 100,000 ounces of gold each (as was historically found at the old Malartic mine).

 

  1. A 43101 resource should be out in about a month or so.

 

  1. A �decline� is being developed to the 600 foot level by Dumont Contracting.  Dumont sunk the shafts for the Goldex and LAPA mines (owned by Agnico Eagle).  I am told that they are doing a tremendous job in keeping with their reputation as Quebec�s top mining contractor.

 

  1. Ore is being stockpiled to be shipped to NSM�s mill on the other side of Val d�Or starting at the end of June.

 

  1. The first pouring of gold is expected to happen the first two or three weeks of July.

 

  1. In 2009, the company expects to get back a rebate of $9 million dollars (from the Quebec government) from development costs spent in 2008.

 

  1. The cost of gold production is expected to be under $300.00/ounce.

 

  1. Potential to mine 10,000 tons/day from our decline and existing Shaft #1.  The company would need a much larger mill.  If we had a much larger mill (NSM�s mill currently has the potential to mine up to 2000 tons per day) 350,000 to 400,000 ounces of production a year is feasible.  Majors will be interested in Northern Star Mining because majors like scenarios where a large number of ounces of gold can be produced per year.

 

  1. We are expecting a lot of news in the next 60 days from Northern Star Mining.

 

Northern Star�s website is www.nsmgold.com.

 

 

 

Best Regards,

 

 

 

Robert A. Young/RAYA Group

 

Cell    604-307-7797

Office 604-682-5123

 

Northern Star Mining Corp.

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Northern Star is a gold exploration company based in Canada.

Northern Star holds various exploration projects in Canada.

Its main exploration properties are MALARTIC-MIDWAY, MCKENZIE BREAK and REVILLARD in Canada.

Northern Star is listed in Canada and in United States of America. Its market capitalisation is CA$ 3.5 millions as of today (US$ 3.6 millions, € 2.6 millions).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 1.49, and its lowest recent point on December 24, 2010 at CA$ 0.01.

Northern Star has 175 190 000 shares outstanding.

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Project news of Northern Star Mining Corp.
9/15/2009(Malartic-midway)NSM Northern Star Mining Update
9/8/2009(Malartic-midway)Northern Star Mining NSM-TSXV - Important Update
12/16/2008(Malartic-midway)Star Announces Further Information on the Malartic Midway Pr...
Corporate news of Northern Star Mining Corp.
12/10/2008Gold Resource Corporation and Hochschild Mining plc Form Str...
5/23/2008Canada’s next gold producer?
11/2/2007News about the company
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