Northern Gold Mining

Published : January 08th, 2008

DRILLS 404.92g/t Au (11.81 opt) over 0.3m(1.0ft.) AT BOURKES

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NORTHERN GOLD DRILLS 404.92g/t Au (11.81 opt) over 0.3m(1.0ft.) AT BOURKES

 

Toronto, Ontario (January 8, 2008): Northern Gold Mining Inc. (TSX-V NGM) is pleased to announce the initial results of  its 18 hole, 2290 metre Bourkes Mine winter drill program and results from grab sampling in the Bourkes Mine area and in the Wolf Lake area approximately 3 kms. to the south of the Bourkes Mine. The high-grade past producing Bourkes Mine property is located in Benoit Township in north-eastern Ontario, 22 km north-west of the Kirkland Lake, Ontario gold mining camp where to date more than 24 million ounces of gold have been produced.

 

The Bourkes mine had intermittent production from 1918 to 1947 and though production records from the period are very incomplete to non-existent, other historical records from the period note bulk sample grades from 260.26 g/t (7.59 opt) Au to 586.36 g/t (17.10 opt) Au. The Bourkes Mine infrastructure includes a 400’ deep shaft with four levels driven off the shaft for a total of 1450’ of  lateral development.

 

Highlights: 

  • DDH B07-15: 404.92 g/t Au (11.81 opt) over 0.3 m (1.0 ft)
  • DDH B07-09: 9.33 g/t Au (0.27 opt) over 0.7 m (2.3 ft)
  • Bourkes Mine Area Prospecting: grab samples assay up to 465.60 g/t Au (13.58 opt) and 10.44% Cu
  • Wolf Lake Summer Prospecting: grab samples assay up to 22.32 g/t Au (0.65 opt)

 

To date 13 holes of the 18 hole program have been completed with assays returned from 7 of the 13 completed drill holes. All holes drilled to date have intersected the quartz-carbonate-pyrite stringer zone that defines the Bourkes Mine mineralized zone in the vicinity of the targeted down the hole depth. DDH B07-15 intersected high-grade Au (404.92 g/t over 0.3 m) at the elevation of the deepest level (380’ level) and 50’ south (ahead) of the current most southerly drift face thus verifying the Bourkes Mine mineralized zone continues outside of the area previously opened by the underground infrastructure. Prior to this intersection all reported high-grade Bourkes assays had been confined to the area defined by the existing mine openings.

 

HOLE

DIP

AZ

FROM (m)

TO (m)

LENGTH (m)

AU (g/t (opt))

B07-3   

-45�   

235�

14.8            

15.2           

0.4

2.05 (0.06)

B07-4   

-45�   

226�  

18.4

19.1

0.7

0.06 (trace)

B07-6   

-45�   

281�  

55.1

56.0

0.9

0.12 (trace)

B07-9   

-55�   

240�  

93.2

93.9

0.7

9.33 (0.27)

B07-13   

-47�   

213�  

105.0

106.0

1.0

2.31 (0.07)

B07-15

-61�   

275�  

143.8

144.1

0.3

404.92 (11.81)

B07-19

-45�   

237�  

284.1

286.1

2.0

0.14 (trace)

 

Following the completion of this drill program Northern Gold is considering to follow-up with a step-out drill program to test for the Bourkes mineralization down-dip below the current mine openings and on-strike to the north and south.

 

Throughout the summer of 2007 Northern Gold Mining carried out a geological mapping and prospecting program around the Bourkes Mine area and the Wolf Lake area 3 km. to the south. Within the Wolf Lake area the Wickstead showing, located approximately 1 km west of Wolf Lake, is scarred by numerous old trenches (earliest recorded work circa 1918) with historic records highlighting grab samples assaying 219.46 g/t (6.40 opt) Au and 23.32 g/t (0.68 opt) Au over 2 ft. (Lovell, ODM GR 92, Geology of the Bourkes Area). A short 9 hole drill program (Pryme Energy Resources Inc.) here in 1983 yielded assays up to 14.16 g/t (0.41 opt) Au over 2’.. Three areas in the vicinity of the Wickstead showing were intensively prospected and mapped by Northern Gold Mining during the summer of 2007, all within 300 metres of each other along a NW-SE strike (similar to the strike of the Bourkes mineralizaton). Gold mineralization in the Wickstead showing is hosted by quartz-carbonate-pyrite stringer and vein zones similar in appearance to the Bourkes Mine mineralization to the north. These areas have been named Wickstead North, Wickstead Central and Wickstead South and correspond with a prominent IP anomaly outlined during a spring 2007 survey... The Wickstead Cental area is the historic Wickstead showing. Grab sampling during the summer of 2007 included the following assay highlights:

 

                      

CENTRAL (Au)  

SOUTH (Au)

BOURKES

22.32 g/t (0.65 opt)      

8.29 g/t (0.24 opt)    

465.60 g/t (13.58 opt) Au

14.54 g/t (0.42 opt)     

 

10.44% Cu

13.92 g/t (0.41 opt)

 

 

7.20 g/t (0.21 opt)

 

 

6.65 g/t (0.19 opt)

 

 

                                 

Based on last summer’s mapping and prospecting of the Wickstead area Northern Gold is currently proposing a follow-up drill program, currently being conceptualized.

 

Northern Gold Mining 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 practises. The drill core is logged and split with half core samples sent either to Swastika Laboratories, Swastika, Ontario or Polymet Laboratories, Cobalt, Ontario and analyzed using the appropriate gold fire assaying technique. The other half of the core is retained for future assay verification. For QA/QC purposes the Company submits blanks and standards every 50 samples. Approximately 5% of sample rejects and/or pulps will be sent to a different lab from the lab which ran the original assay for check assaying.

 

R.V. Zalnieriunas, P.Geol., is a “Qualified Person” as defined by NI 43-101 and has reviewed this release. 

Northern Gold Mining Inc. is a well-financed Toronto-based junior resource company dedicated to gold exploration in the proven mining camps of Kirkland Lake and Timmins in Northern Ontario. The goal of our experienced and highly-skilled management team is to maximize shareholder value through successful exploration and the aggressive testing of high quality targets such as our advanced-stage past-producing gold property located in the Kirkland Lake area

  

For further information please contact: 

  

Northern Gold Mining Inc. 

Martin Shefsky

President and CEO

Tel: (416) 366-7300

Fax: (416) 366-7301

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 Continental Nickel Limited, 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. 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 Victoria St
Suite 800

Toronto ON M5C 2N8
U.S.A.

 

To view as a web page.

 

 

Northern Gold Mining

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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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