Northland Mobilizes Drill to Salmivaara, Re-Assays Archived Core
Vancouver, Canada, August 1, 2007. Mr. Buck Morrow, the President of
Northland Resources Inc., is pleased to announce that the Company has
mobilized a core drill to the Salmivaara iron-copper project site,
approximately 33 km northeast of the city of Gallivare in Norbotten
County, Sweden and about 60km west of Stora Sahavaara. The drilling
will follow-up and confirm the results from a re-assay program of three
archived boreholes drilled by the Swedish Geologic Survey ("SGU") into
the Salmivaara iron-copper deposit.
The SGU carried out several phases of exploration at Salmivaara, the
last during the period 1970 -- 1973. Two out of the three holes
re-assayed returned very encouraging iron and copper grades (see table
below). Hole BH6 returned 42.4% Fe and 0.14% Cu and hole 71801 returned
multiple intervals of iron-copper mineralization. There is currently
insufficient information to estimate the true thickness of
mineralization at Salmiavaara. Salmivaara is within 1km of a sealed
road, and approximately 33km from a rail line that carries iron ore
trains from Europe's second largest iron ore mine, Malmberget.
Hole No. From (m) To (m) Int (m) Fe % Cu %
71801 210 240 30 37.0 0.14
and a 281 300 19 42.5 0.16
and b 320 355 35 37.9 0.20
BH6 c 106 155 49 42.4 0.13
a Includes 2m with no sample, factored in at zero Fe+Cu grade
b Includes 2m with no sample, factored in at zero Fe+Cu grade
c Includes 2m with no sample, factored in at zero Fe+Cu grade
Northland has mobilized a drill rig to Salmivaara and drilling started
August 1st, with the initial objective being to complete roughly 2,000m
of core drilling to i) confirm results of historical drilling, and ii)
test the historic resource and geophysical model for Salmivaara.
The SGU published an estimated resource of 16 million tonnes grading
approximately 34% iron and 0.10% Cu, locally with copper ranging up to
0.8% Cu. Sulphur content averages 3.6% with 0.03% Phosphorous. The
reader is cautioned that this is an historic resource and Northland has
not yet completed sufficient work to verify the tonnage and grade
figures. As such, the resource cannot be relied upon.
Mineralization at Salmivaara consists of magnetite with pyrite,
pyrrhotite and chalcopyrite. There appears to be two magnetite zones
present within a synform type structure with the richest zone of
magnetite appearing to be in the nose of the fold structure. It was
discovered in 1897, first drilled in 1904, and was mined for copper
during World War II. The SGU worked on the deposit between 1967 and
1971, publishing a report titled "Salmivaara Iron Occurrence" and
describing the deposit in the Swedish Iron Ore Inventory. A total of 12
holes were drilled, for 1,818m of core drilling to a maximum depth of
120m below surface, and the SGU completed magnetic and gravimetric
studies which indicate that the magnetite body may continue to a depth
of at least 700m below surface and could contain up to 120-million
tonnes of magnetite. The reader is cautioned that this is an historic
resource and Northland has not yet completed sufficient work to verify
the tonnage and grade figures. As such, the resource cannot be relied
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, and has
verified that the historic information presented in this release has
been accurately summarized from the reports quoted.
The split core from Salmivaara was prepared at ALS Chemex Lab in Pitea,
Sweden and analyzed at ALS Chemex Vancouver. Copper and Iron were
analyzed by Sodium Peroxide Fusion multi element analysis, ICP-AES
Method ME-ICP81. Gold was analyzed by Lead Fire Assay Preconcentration
with ICP-AES Method Au-ICP21 finish.
About Northland (www.northlandresourcesinc.com)
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
NORTHLAND RESOURCES INC.
The TSX Venture Exchange has not reviewed and does not take
responsibility for the accuracy of this release.
Northland Resources Inc.
Buck Morrow, President
Ralph Rushton, Investor Relations
Toll Free: 1-866-719-8962
Copyright (c) 2007 NORTHLAND RESOURCES INC. (NAU) All rights reserved.
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