Northern Gold Intersects 23.5 g/t Au Over 4.1m at Jonpol Deposit
Published : March 26, 2013
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

TORONTO, ONTARIO--(Marketwire - March 26, 2013) - NORTHERN GOLD MINING INC. (News - Market indicators) ("Northern Gold" or the "Company") is pleased to announce results from the first 13 Diamond drill holes from its surface Diamond drilling program on its wholly-owned Jonpol Deposit comprising a part of the Golden Bear Project, 100 km east of Timmins, Ontario. The 13 drill holes totaled 3,616.5 metres.

Drill assay highlights for the drill holes include:

  • 23.50 g/t Au over 4.1 m  (237.9 to 242.0m) JP-12-04
  • 7.25 g/t Au over 3.0 m (63.0 to 66.0m) JP-13-11
  • 5.99 g/t Au over 3.5 m (163.5 to 167.0m) JP-13-23
  • 5.67 g/t Au over 8.0 m (68.0 to 76.0m) JPGT-01

Greg Gibson, President and CEO of Northern Gold, comments: "These results represent Northern Gold's first drilling campaign at the Jonpol Deposit. Infill holes confirm the continuity and tenor of the known resource area while the successful step-out holes provide a glimpse of the potential for resource expansion between and below known mineralized zones."

Table 1 - Jonpol Assay Results * - These results are significant drill assays from 13 drill holes on the Jonpol Deposit. JP series drill holes are either infill into or step out from the known Jonpol Deposit Resources while GT series drill holes are geotechnical holes designed to test crown pillar stability.

Hole Zone Section From
(m)
Inc
(m)
To
(m)
Interval
(m)
Au g/t
Un-Cut
Au g/t
Cut
JP-12-01 Footwall 26+50W 306.0   309.8 3.8 3.31  
JP-12-02 NSV 26+25W            
JP-12-04 JD Zone 26+00W 215.1   219.0 3.9 3.17  
237.9   242.0 4.1 23.49 12.24
  240.7 242.0 1.3 67.60  
JP-13-05 JD Zone 27+00W 120.0   120.7 0.7 2.79  
JP-13-06 JD Zone 27+50W 207.0   210.0 3.0 5.94  
JP-13-10 JD Zone 27+50W 317.1   319.0 1.9 3.54  
JP-13-11 RP Zone 21+25W 63.0   66.0 3.0 7.25  
JP-13-22 RP Zone 18+25W 194.0   195.0 1.0 4.24  
JP-13-23 RP Zone 18+75W 163.5   167.0 3.5 5.99  
  163.5 164.5 1.0 9.50  
JP-13-24 RP Zone 18+75W 320.0   320.8 0.8 1.77  
JDGT-01 JP Zone 26+50W 39.0   40.0 1.0 2.43  
JPGT-01 JP Zone 23+35W 33.0   34.6 1.6 4.28  
68.0   76.0 8.0 5.67  
  72.0 76.0 4.0 8.41  
91.0   94.2 3.2 3.01  
JPGT-02a JP Zone 22+00W 91.0   92.0 1.0 3.65  
116.0   120.0 4.0 1.64  
142.0   152.0 10.0 1.42  
  151.0 152.0 1.0 3.75  

* reported intervals are downhole lengths and not true widths. High grade assays are cut to 34.0 g/t NSV - no significant values.

Drill Holes JP-12-01, JP-12-02, JP-13-05, JP-13-06 and JP-13-10 were targeting infill and step out drilling in the upper portion of the JD zone. JP-12-01 was extended and successfully intersected a well-mineralized section of the footwall zone.

Drill Hole JP-12-04 was drilled to test mineralization between the JD and JP zones along an area believed to contain cross faulting. This hole intersected two wide zones of albite-type mineralization with minor amounts of visible gold. This intercept confirms that high-grade mineralization exists outside of the known resources. Mineralization is open below this drill intercept. The mineralized zone sits approximately 175 metres west of the existing underground development.

Drill Holes JPGT-01 and JPGT-02a were drilled into the upper portion of the JP zone as geotechnical holes designed to test the crown pillar stability. A portion of each hole cut through the mineralized resource with favourable results. Similarly JDGT-01 was drilled into the JD zone as a geotechnical crown pillar stability hole but did intersect a mineralized portion of the JP zone.

Drill Holes JP-13-11, JP-13-12, JP-13-22, JP-13-23 and JP-13-24 were drilled to test the upper portion of the RP zone outside of the known mineralized area. Several of these holes intersected shallow high-grade mineralization accessible to planned underground development areas.

Table 2 - Location and Initial Orientation of Drill Holes

Hole ID Section
Line
West
Section
Line
North
Azimuth
(True)
Inclination
(degrees)
JP-12-01 26+50W 15+45N 340 -45
JP-12-02 26+25W 15+25N 340 -45
JP-12-04 26+00W 14+45N 340 -45
JP-13-05 27+00W 15+15N 340 -45
JP-13-06 27+50W 14+50N 340 -45
JP-13-10 27+50W 13+90N 340 -45
JP-13-11 21+25W 15+60N 340 -60
JP-13-22 18+25W 14+50N 340 -45
JP-13-23 18+75W 15+00N 340 -45
JP-13-24 18+75W 14+50N 340 -45
JDGT-01 26+50W 15+45N 330 -50
JPGT-01 23+35W 15+20N 330 -50
JPGT-02a 22+00W 15+30N 330 -50

Jonpol Deposit drill plan and long section will be posted on the Company's website at: http://northerngold.ca/golden-bear-project/jonpol-deposit.

Quality Assurance/Quality Control

Northern Gold has implemented comprehensive, industry standard quality-assurance, quality-control protocols for Diamond drilling, core recovery, handling, sampling, shipping and assaying. Details of these best practice principals can be viewed on the Company's website at: www.northerngold.ca/QA-QC.php.

The technical aspects of this press release have been reviewed and approved by Gary Nassif, M.Sc., P.Geo., Manager Exploration Services of Northern Gold and the "Qualified Person" as defined by National Instrument 43-101 for the Golden Bear Project.

About Northern Gold

Northern Gold is a TSX Venture Exchange-listed gold company based in Toronto, Ontario. The Company's main focus is the exploration and development of its prospective mineral properties of the Golden Bear Project in the Larder Lake Mining Division, northeastern Ontario. Led by an experienced management team, Northern Gold has a portfolio of advanced exploration projects, including the Jonpol and Garrcon Deposits and the newly acquired Buffonta Property. The recent acquisition of the Harker-Holloway Property and amalgamation with Victory Gold Mines Inc. add to the Company's regional consolidation strategy along the Destor-Porcupine Fault Zone.

CAUTIONARY STATEMENT: This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Northern Gold's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in Northern Gold's public documents filed on SEDAR. Although Northern Gold believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Northern Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts 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.

Northern Gold Mining Inc.
David Reid
Director, Business Development
416.366.7300 Ext. 104 or Cell: 705.254.8303
dreid@northerngold.ca
www.northerngold.ca

Northern Gold Mining

EXPLORATION STAGE
CODE : NGM.V
ISIN : CA66516M1095
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Nominations of Northern Gold Mining
5/17/2013Announces Appointment of New President & CEO
10/10/2012Announces Board Changes and Officer Appointments and Reports...
Project news of Northern Gold Mining
9/10/2013(Garrison)Completes Acquisition of Contiguous Mining Claims to the Gar...
4/16/2013(Garrison)Acquires Additional Property in Garrison, Holloway and Micha...
1/31/2013(Garrison)Acquires Additional Property in Garrison and Harker Township...
8/18/2011(Garrison)Announces Three Additional Drills (Five in Total) on Its Gar...
7/26/2011Reports Assays for Six Drill Holes at Its Garrcon Gold Depos...
5/26/2011(Garrison)More Than Triples Land Holdings at and Near Its 100% Owned G...
5/16/2011(Garrison)ValGold and Northern Gold Close Garrison Property Sale
4/28/2011(Garrison)Intersects 61.0 m @ 2.32 g/t Gold Including 1.0 m @ 127.70 g...
4/26/2011(Garrison)Announces Significant New Gold Assay Results in Ongoing Dril...
4/12/2011(Garrison)Expands the Garrison Gold Property by 27% With Acquisition o...
4/7/2011(Garrison)and ValGold Announce Agreement to Consolidate 100% Ownership...
4/1/2011(Garrison)Announces Significant New Gold Assay Results
3/1/2011(Garrison)Hits 209 Meters of 1.44 g/t Including 1 Meter of 97.88 g/t, ...
2/24/2011(Garrison)Reports That Metallurgical Testing of the Garrcon Deposit Ha...
2/22/2011(Garrison)Hits 58 Meters of 1.08 g/t Gold Including 2 Meters of 13.07 ...
12/29/2010(Garrison)Initiates a New Mineral Resource Report and Preliminary Econ...
5/10/2010(Garrison)Initiates Phase II Drilling on Garrison Gold Property
3/31/2010(Garrison)Initiates Permitting Process for Advanced Exploration/Develo...
2/23/2010(Garrison)Hits 84.2 Metres of 1.49 g/t Gold Including 37.2 Metres of 2...
12/10/2009(Garrison)Hits 56.1 Metres of 2.14 g/t Gold Including 3.4 Metres of 16...
8/14/2008ANNOUNCES ADDITIONAL HIGH GRADE GOLD ASSAYS 552.96 g/t (16.1...
7/29/2008ANNOUNCES COMMENCEMENT OF DIAMOND DRILLING AT THE NEW HIGH G...
7/22/2008NEW DISCOVERY OF HIGH GRADE GOLD 2305 g/t (67.22 oz/t) ON N...
1/8/2008(Kirkland Lake)DRILLS 404.92g/t Au (11.81 opt) over 0.3m(1.0ft.) AT BOURKES
Corporate news of Northern Gold Mining
12/22/2015Oban Mining Completes Acquisition of Northern Gold
12/21/2015IIROC Trading Halt - NGM
12/21/2015Northern Gold Receives Court Approval for Business Combinati...
11/23/2015Northern Gold Files Circular Regarding Shareholder Vote on B...
10/22/2015Northern Gold Announces Updated Bulk Sample Results
10/6/2015Northern Gold Announces Updated Bulk Sample Results
6/30/2015Northern Gold Announces Updated Bulk Sample Results - Batch ...
4/23/2015Northern Gold Strengthens Board of Directors
2/26/2015Northern Gold Announces Updated Bulk Sample Results – Recove...
2/26/2015Northern Gold Announces Updated Bulk Sample Results-Recovers...
1/26/2015Northern Gold Announces Updated Bulk Sample Results - Recove...
10/27/2014Northern Gold Announces Initial Bulk Sample Results
10/14/2014Northern Gold Announces Closing of $5,000,000 Secured Debt F...
9/19/2014Northern Gold Announces Results of Annual and Special Meetin...
9/19/2014CORRECTION FROM SOURE: Northern Gold Announces Results ofAnn...
9/18/2014Northern Gold Announces Custom Milling Agreement with St. An...
8/27/2014Northern Gold Announces $5,000,000 Secured Debt Facility and...
7/14/2014Northern Gold Announces the Successful Filing of Its Closure...
6/9/2014Northern Gold Announces Change in Management
5/7/2014Northern Gold Submits Garrcon Advanced Exploration Closure P...
5/2/2014Northern Gold Files 43-101 Technical Report for its Garrison...
10/10/2013Intersects 38.35 g/t Au Over 8.0 m at Garrcon Deposit
9/26/2013Reports Results of Jonpol Metallurgical Testwork
9/18/2013Intersects 7.41 g/t Au over 6.5 m at Jonpol East Zone
8/29/2013Intersects 5.47 g/t Au OVER 17.3 m at Jonpol Deposit
8/21/2013Announces Issuance of Securities to Wahgoshig First Nation
8/15/2013Announces Exploration Agreement With Wahgoshig First Nation ...
7/30/2013Extends Gold Mineralization at Buffonta and Completes Initia...
7/10/2013Intersects 4.52 g/t Au over 11.5m at Gold Pike Property
5/7/2013Acquires Champagne Property
3/26/2013Intersects 23.5 g/t Au Over 4.1m at Jonpol Deposit
2/14/2013Named to TSX Venture Top 50
2/7/2013Completes Acquisition of Victory Gold Mines Inc.
1/21/2013Discovers 600-Metre Long High-Grade Gold Zone at Garrcon Eas...
12/12/2012to Acquire Victory Gold
10/25/2012Intersects Two 2-Metre Intervals of 9.85 g/t Au and 15.02 g/...
10/5/2012Announces Closing of $10.0 Million Brokered Private Placemen...
9/21/2012Announces $10.0 Million Private Placement of Flow Through Co...
7/20/2011Continues to Intersect Long Intervals of Gold Mineralization...
7/11/2011Intersects 3.0 m of Gold Assaying 660.0 g/t Including 1.0 m ...
6/23/2011Increases Garrcon Deposit Indicated Resource Five-Fold to 72...
4/19/2011Continues to Expand Exploration Ground With the Acquisition ...
6/15/2010Announces Assay Results of New Mineralized Zone Samples Grad...
9/15/2009And Valgold complete option agrement on Garrison Gold proper...
1/21/2009SIGNS LETTER OF INTENT WITH VALGOLD RESOURCES LTD.
9/3/2008EXPLORATION UPDATE
8/12/2008ANNOUNCES COMPLETION OF VTEM AIRBORNE SURVEY AND THE ADDITIO...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (NGM.V)
0.010+0.00%
TSX-V
CA$ 0.010
12/23 15:47 -
0%
Prev close Open
0.010 0.010
Low High
0.010 0.010
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.010 -%
Volume 1 month var.
136,000 -%
24hGold TrendPower© : -37
Produces
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 9/24/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.70-0.65%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 12.26+2.68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-1.87%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.64-1.86%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.23+4.04%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+4.26%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+2.63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.88+0.53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.71+0.19%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :