Northern Gold Hits 84.2 Metres of 1.49 g/t
Gold Including 37.2 Metres of 2.03 g/t and 1.0 Metre of 16.29 g/t on
the Garrison Property east of Timmins
- GAR-09-06: 1.49g/t (.043oz/ton) over 84.2m
(276.2ft)
- GAR-09-06: 2.44g/t
(0.071oz/ton) over 17.5m (57.4ft)
- GAR-09-06: 2.03g/t
(.059oz/ton) over 37.2m (122.0ft)
- GAR-09-06: 11.56g/t
(.337oz/ton) over 1.0m (3.3ft)
- GAR-09-06: 16.29g/t
(.475oz/ton) over 1.0m (3.3ft)
- GAR-09-06: 15.61g/t
(.449oz/ton) over 1.0m (3.3ft)
- GAR-09-07: 2.22g/t
(.065oz/ton) over 9.6m (31.5ft)
- GAR-09-07: 3.24g/t
(.095oz/ton) over 8.5m (27.9ft)
- GAR-09-07: 27.02g/t
(.776oz/ton) over 0.5m (1.6ft)
Toronto,
Ontario (February 23, 2010): Northern Gold Mining Inc. ("Northern
Gold" or "the Company") (TSX-V: NGM) is pleased to
announce additional drill results from holes six, seven, and eight of
its diamond drilling program on the Garrison gold property. The Company
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.
Eleven diamond drill
holes totaling 2,333 metres were completed as a first step in designing
further drilling leading to a resource calculation on the Garrcon Zone.
The drill program involved step out and infill drilling on a minimum
spacing of twenty-five to thirty metres. Multiple occurrences of
visible gold have been observed as fine dissemination in nine of the
eleven holes drilled, and visible gold was also observed in
twenty-seven separate intervals in hole GAR-09-06 in the Shaft and
South zones.
To date, the broad
Shaft zones have been drilled at 30 metre intervals over a strike
length of 195 metres (640 feet), but early indications are that the
zones could extend as far as 500 metres (1600 feet) as indicated by
drilling by Cominco in 1987. The Shaft zones have also
been successfully tested to depths below 200 metres in C-06-07
(Valgold, November 22, 2006) which intersected 3.48 grams per tonne
gold ("g/t Au") over 13.5 metres (275.5-289.0 metres).
Split core samples
from all eleven holes have been submitted for analysis and results have
been received from the first eight holes. Northern Gold announced
assay results from the first two diamond drill holes on 9 December
2009, including GAR-09-01: 22.0 metres grading 4.21 g/t Au,
including 11.2 metres grading 7.03 g/t Au; GAR-09-02: 56.1 metres
grading 2.14 g/t Au, including 3.4 metres grading 16.9 g/t Au, and 1.2
metres grading 36.6 g/t Au; and GAR-09-02: 29.4 m grading 1.05 g/t Au. Northern
Gold announced assay results from diamond drill holes three, four, and
five on 25 January 2010, including GAR-09-03: 34.0 metres grading 1.05
g/t Au, GAR-09-04: 102.5 metres grading 1.38 g/t Au including 32.0
metres grading 2.25 g/t and 2.0 metres grading 12.33 g/t, GAR-09-05:
151.0 metres grading 0.88g/t and 83.0 metres grading 1.00 g/t Au.
GAR-09-06 and GAR-09-07 were designed to test the Shaft zones
and South zone east of the Garrcon shaft. GAR-09-08 was designed to
test the North zones.
GAR-09-06 was drilled southwards and collared 180 metres (590 feet)
east of the Garrcon shaft. Multiple occurrences of visible gold were noted
in the shaft zones. High grade intervals were encountered over a broad
84.2 metres (276 feet) down hole section.
GAR-09-07 was drilled southwards
25 metres below GAR-09-06 and collared 180 metres (590 feet) east of
the Garrcon shaft. Visible gold was noted within 1.0 metre (3.3 feet)
of bedrock surface and it appears that the hole was collared into the
surface Shaft A zone. The surface shaft A zone occurs under 3 metres
(10 feet) of overburden and presents a high priority surface stripping
target. This hole intersected mine workings on the 73 metres (240 feet)
level. High grade visible gold mineralization was noted 6.0 metres from
the mine workings.
GAR-09-08 was drilled northwards, and collared 15 metres west of and 50
metres below GAR-09-01, to test the North zones. Broad low grade
results were noted in both North zones including small flecks of
visible gold.
The following table highlights the various higher grade intersections
in both holes:
Note: All widths are
down hole thickness; *VG-visible gold observed in sample interval
Although there has been insufficient exploration to define a
mineral resource on the Garrcon Zone, it is described in the NI 43-101
technical report filed on SEDAR by Northern Gold on 21 October 2009 as
having the potential to host a bulk tonnage, open-pit operation with
the potential for up to 30 million tonnes ranging in grade from 1 to 3
grams per tonne gold. The potential quantity and grade is
conceptual in nature and as a result it is uncertain if further
exploration will result in the discovery of a mineral resource. It is
the goal of the company to work towards obtaining a resource
calculation on the Garrcon Zone.
Northern Gold President and CEO Martin Shefsky states,
"Northern Gold is pleased with the results from our 2009 drill
program, and we are currently developing targets for Phase II drilling
on the Garrison gold property. Because of the potentially low cost of
exploration per ounce, Northern Gold is presently focused on proving a
resource at the Garrcon prospect as it represents the best exploration
value for our shareholders."
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 split drill core
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 regular intervals to ensure at least 1 standard or blank is
included in each analytical run at the lab in order to ensure lab
integrity. 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.
This press release
has been reviewed and approved 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.
Northern Gold Mining
Inc. is a Toronto based junior resource company dedicated to gold
exploration in the Timmins-Kirkland Lake mining camp of Northern
Ontario.
For further information please
contact:
Northern
Gold Mining
Inc.
Martin R. Shefsky
President and CEO
Tel: (416) 366 - 7300
Fax: (416)
366 - 7301
E: mshefsky@northerngold.ca
Jeffery P. Boykin
VP Investor
Relations/Regulatory Affairs
Mobile: (647) 269 - 7300
Tel: (416) 366 - 7300
Fax: (416) 366 - 7301
E: jboykin@northerngold.ca
Web
site: www.northerngold.ca