Northern Gold Mining

Published : July 22nd, 2008

NEW DISCOVERY OF HIGH GRADE GOLD 2305 g/t (67.22 oz/t) ON NORTHERN GOLD MINING'S KIRANA PROPERTY

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NEW DISCOVERY OF HIGH GRADE GOLD 2305 g/t (67.22 oz/t)  ON NORTHERN GOLD MINING'S KIRANA PROPERTY


Toronto, Ontario (July 22, 2008):  Northern Gold Mining Inc. (TSX-V NGM) is pleased to announce the discovery of a promising, previously unknown zone of mineralization containing areas assaying high grades of gold (up to 2305.12 g/t, or 67.22 oz/ton) and local coarse, visible gold at its Kirana Project. The Kirana Project is the company's most recently acquired ground and the area containing the new gold bearing zone lies in Teck Township, Ontario, approximately five kilometers northeast of the historic Kirkland Lake gold camp.  Official production from the Kirkland Lake camp is more than 24 million ounces of gold from numerous mines since 1910, many of them high grade deposits.  Northern Gold Mining's Kirana Project comprises a main group of 86 claim units, 4 patent claim blocks and an additional, isolated block of 8 more claim units just south of the main group. The main claim group contains much prospective ground as it covers 6.2 kilometers of the interpreted extent of the Kirana Break.  

The company began its exploration of the Kirana Project in the late fall of 2007, with stripping of overburden to expose several new areas of bedrock in the general area of some old workings.  Geological mapping and sampling over two such previously unexposed areas took place in early summer of 2008, taking advantage of the newly washed surfaces.  Some occurrences of visible gold were noted within recognizable structural zones of altered rock. This led to a first phase of rigorous sampling that has now confirmed the presence of gold.  Assaying of samples taken from bedrock returned values of gold as high as 2305.12 g/t (67.22 oz/ton).  Longer more systematic chip/channel sampling resulted in lower gold values, but confirmed the lateral extent of the mineralization. 

Samples were variously collected from single points and along sampling lines up to 6 metres long and cutting across mineralized areas by means of chip and channel sampling over both the stripped areas.  The two stripped areas are more than 40 metres apart and it has yet to be determined if they are two parts of the same mineralized zone or two entirely separate zones.  

On the eastern stripping area (the Matheson Zone) an approximately 5 metre wide strong shear zone, striking 060? to 080?, appears to control very high grade gold mineralization. 20 samples collected over a 12 metre strike length along the shear returned assays as high as 2305.12 g/t Au (67.22 oz/ton) with coarse visible gold observed at various locations within the Matheson Zone. The strong shear apparently controlling the mineralization is possibly the eastern extension of the Kirana Break. Northern Gold's Kirana property covers 6.2 kms of the Kirana Break strike length to the east of the new discovery area.  

  Significant Au Assays on the Matheson Zone 

2305.12 g/t (67.22 oz/ton)                       (local point sample) 
827.60 g/t (24.14 oz/ton)                       (local point sample) 
66.68 g/t (16.53 oz/ton)                       (local point sample) 
94.70 g/t (2.76 oz/ton)                         (local point sample) 
28.05 g/t (0.82 oz/ton)                         (local point sample) 
13.58 g/t (0.40 oz/ton)                         (local point sample) 

On the western stripping area (the Hillside Zone) a pervasive quartz- iron carbonate alteration and brecciation over the approximately 16 x 8 metre stripped area has returned assays as high as 40.56 g/t (1.18 oz/ton) from various locations within the zone. The control and thicknesses of this mineralization as well as its relationship to the apparently shear controlled high-grade gold mineralization on the Matheson Zone have yet to be determined.  

 
Significant Au Assays on the Hillside Zone
 

40.56 g/t (1.18 oz/ton)                         (local point sample) 
27.98 g/t (0.82 oz/ton)                         (local point sample) 
5.07 g/t (0.15 oz/ton)                         (local point sample)
 
 

Assay plans showing all samples and locations on these new zones can be viewed at http://www.northerngold.ca/pdfs/fidelitystripping.pdf. 

Ken Rattee, VP Exploration, stated that "this new discovery is very exciting, not only because of the nature and size of the area covered by the two newly stripped, gold-bearing structural zones but because it holds great promise for significant strike extension, being controlled by such a prominent structure."  

Northern Gold is now commencing an expanded stripping program to gain better understanding of the extent and character of the newly discovered zone through mapping and more systematic sampling, to be followed by diamond drilling to ascertain the characteristics and potential of this new discovery in the third dimension. A comprehensive exploration program of the immediate area surrounding the discovery area is being formulated. 

Northern Gold Mining follows certain quality assurance and control (QA/QC) procedures to ensure sampling and analysis of all exploration work is conducted in accordance with the best possible practices.. The rock samples collected were sent to the ISO 9001:2000 certified Polymet Laboratories in Cobalt, Ontario where samples were analyzed for gold using fire assaying techniques. As part of its QA/QC work, the Company submits blanks and standards approximately every 50 samples to check for possible analytical error. Approximately 5% of sample rejects and/or pulps are sent to different labs for check assaying.  

Results of this sampling program and the sampling procedures have been reviewed by R.V. Zalnieriunas P.Geo. an independent consulting geologist who is the "Qualified Person" as defined by NI 43-101 for this project.

For further information please contact:  

Northern Gold Mining Inc.  

Martin Shefsky                                             
President and CEO                                    
Tel: (416) 366-7300                                     
Fax: (416) 366-7301                                    
E: mshefsky@northerngold.ca                    
 

Jeffery Boykin
VP Investor Relations Regulatory Affairs
Tel: (416) 366-7300
Fax: (416) 366-7301
E:jboykin@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 Northern Gold Mining Inc., 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.'s expectations are the risks detailed herein and from time to time in the filings made by Northern Gold Mining Inc. with securities regulators.

 

 
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Northern Gold Mining Inc.

20 Vicroia Street
Suite 800

Toronto ON M5C 2N8
Canada

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Northern Gold Mining

EXPLORATION STAGE
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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