Northern Abitibi Mining Corp

Published : December 17th, 2014

Northern Abitibi Annouces Trenching Results for Ches Including 0.61% Copper and 7.4 g/t Silver Over 1.5 Metres

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Copper | Molybdenum | Silver | Tungsten |

Northern Abitibi Annouces Trenching Results for Ches Including 0.61% Copper and 7.4 g/t Silver Over 1.5 Metres

CALGARY, ALBERTA--(Marketwired - Dec 17, 2014) - Northern Abitibi Mining Corp. ("Northern Abitibi or the Company") (TSX VENTURE:NAI) is pleased to announce assay results for surface sampling at the Company's Ches property in Central British Columbia.

During 2014 the Company excavated, mapped, and sampled, 7 trenches at Ches and collected a total of 274 surface rock samples for assay. Trenching and surface mapping have successfully traced alteration and variable sulfide mineralization over an area at least 1.5 km long by 0.5 km wide. Minor limestone and marble beds have been exposed along with fine grained bedded clastic sedimentary rocks and intrusive rocks, with select beds containing garnet, pyroxene, or actinolite skarn with sulfides. Stockwork quartz-sulfide veinlets are exposed in trenches in select areas, along with sulfide veinlets containing pyrite-pyrrhotite-chalcopyrite-sphalerite.

A 1.5 metre chip sample from the Exo road quarry returned 1.25% zinc, 0.16% copper, 0.12% tungsten trioxide (WO3), and 2.6 g/t silver. Trenching adjacent to the main access road returned chip samples grading 0.33% copper, 3.73 g/t silver and 0.03% WO3 over 4.5 metres, including 0.61% copper, 7.4 g/t silver, and 0.05% WO3 over 1.5 metres. In addition a 1.5 metre chip sample from the eastern side of the property returned 38.1 g/t silver and 0.1% zinc from altered granitic intrusive rock. A grab sample located several hundred metres southwest of previously documented mineralization returned 0.33% copper, 0.1% WO3, 0.21% zinc, and 5.2 g/t silver, showing the system remains open for exploration.

Significant intervals of highly anomalous copper and zinc have been encountered in the trenches demonstrating the system contains significant anomalies in bedrock. These values range from 200 to 1000 ppm copper, and 200 to 5150 ppm zinc. The Company is currently evaluating the trenching results and the newly acquired geologic information to determine if additional trenching targets or drill targets can be identified.

The Ches Property - The road accessible Ches Property is located 80 km south of Burns Lake on the south side of Ootsa Lake. Mineralization was first discovered during logging road construction with minimal exploration or evaluation conducted since discovery. The property contains pyrrhotite-chalcopyrite-scheelite replacement (skarn) style mineralization in calcareous sedimentary rocks and quartz chalcopyrite-molybdenite-scheelite stockwork veining in fine grained siltstones. Surface grab sampling reported in a 2009 Technical Report by Scarlet Resources Ltd. returned values up to 1% copper, 16 g/t silver, and 0.3% tungsten from the replacement-skarn style mineralization, and values up to 0.45% copper, 0.02% molybdenum, 7 g/t silver, and 0.1% tungsten from the stockwork zone. Prior to Northern Abitibi's work these mineralized zones have never been trenched or drill tested. The sampling by Scarlet Resource Ltd. is historic in nature and should not be relied upon.

Dr. Shane Ebert, P. Geo. is the Qualified Person responsible for the preparation of this news release.

"Shane Ebert"

Shane Ebert, President/Director

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.

Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of Northern Abitibi's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Northern Abitibi. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Northern Abitibi's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Northern Abitibi's filings with the Canadian securities authorities. Accordingly, holders of Northern Abitibi shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Northern Abitibi disclaims any responsibility to update these forward-looking statements.

Read the rest of the article at finance.yahoo.com

Northern Abitibi Mining Corp

EXPLORATION STAGE
CODE : NAI.V
ISIN : CA6647241018
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 Abitibi Mining is a gold and cobalt exploration company based in Canada.

Its main exploration properties are SOUTH VOISEY BAY, TAYLOR BROOK, DOUAY NORTHWEST and VIKING in Canada.

Northern Abitibi Mining is listed in Canada. Its market capitalisation is CA$ 1.1 millions as of today (US$ 806 842, € 756 657).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 0.44, and its lowest recent point on January 01, 2016 at CA$ 0.01.

Northern Abitibi Mining has 107 310 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Northern Abitibi Mining Corp
3/28/2011Announces Non-Brokered Financing
Nominations of Northern Abitibi Mining Corp
6/19/2012Appoints Interim Chief Financial Officer
Project news of Northern Abitibi Mining Corp
10/17/2012(Viking)Shareholders Approve the Sale of the Viking Property to Spru...
12/7/2011(Viking)Announces New Resource Estimate for Viking With 55% Increase...
9/19/2011=2E: New Zones of Gold Mineralization Discovered at Surface
8/18/2011(Viking)Announces Additional Drill Results From Viking and the Disco...
7/27/2011(Viking)Announces Additional Drill Results from Viking Including 1=2...
6/28/2011(Viking)Announces Drill Results from Viking Including 1=2E3 Metres G...
5/17/2011(Viking)Drilling Commences at Northern Abitibi's Viking Project
4/21/2011(Viking)Receives 2011 Exploration Permits and Signs Drill Contract
3/30/2011(Viking)Announces 2011 Exploration Plans for Viking
3/2/2011(Viking)Announces Initial Independent Gold Resource Estimate for Vik...
8/19/2010(Viking)Provides Summary of Additional Gold Targets at Its Viking Pr...
8/12/2010(Viking)Intersects More Gold at Viking
7/13/2010(Viking)Announces Additional Drill Results From Viking Including 8=2...
6/22/2010(Viking)Announces Widest MineralizedDrill Intersections at Viking to...
5/27/2010(Viking)Continues to Intersect High Grade Gold at Viking
5/3/2010(Viking)Commences Drilling at Viking
4/7/2010(Viking)Receives Exploration Permits for Viking Drill Program
11/18/2008(Viking) Drills High Grade Gold Including 218.79 g/t Over 0.5m & 50....
Corporate news of Northern Abitibi Mining Corp
3/9/2015Acquires Cariboo Gold Property in British Columbia
3/9/2015Northern Abitibi Acquires Cariboo Gold Property in British C...
12/17/2014Northern Abitibi Annouces Trenching Results for Ches Includi...
10/30/2014The 2014 Exploration Program Has Been Completed at Northern ...
10/2/2014Exploration to Commence at Northern Abitibi's Ches Property,...
8/21/2014Fire Delays Exploration at Northern Abitibi's Ches Property,...
6/2/2014Northern Abitibi Announces Results of Annual & Special Meeti...
5/13/2014Northern Abitibi Receives Approval for the Ches Property Opt...
4/28/2014Northern Abitibi Approves Exploration Budget for Ches Proper...
4/23/2014Northern Abitibi Options Ches Property in British Columbia
7/9/2013Enters Into an Agreement to Sell Its Interest in the Sarah L...
10/29/2012(Viking)Completes Viking Property Sale to Spruce Ridge Resources and...
8/14/2012(Viking)Consolidates the Viking District Through a Sale of Viking to...
5/8/2012Receives $100,000 Grant
1/9/2012Files Technical Report
1/28/2009Romarco Encounters 60.6 meters of 6.9 g/t Au at Haile
1/21/2009Gold Star Acquires West African Oil and Gas Consessions
1/22/2009Gold Company Assays 2.45 Metres Averaging 38.17 g/t Au From ...
1/21/2009Romarco Encounters a 57.4 Meter Aggregate Zone of 2.8 G/T Au...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (NAI.V)
0.010+0.00%
TSX-V
CA$ 0.010
03/31 15:42 -
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.
178,000 -%
24hGold TrendPower© : -31
Produces
Develops
Explores for Cobalt - Copper - Gold - Nickel
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 2/12/2010
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$ 7.45+0.68%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$ 5.34-4.81%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 0.84-1.18%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.09+5.88%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 1.96-10.50%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$ 8.16-0.85%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.20+8.33%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.33-2.94%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$ 2.41+2.99%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 68.30+0.74%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$ 0.03+0.00%Trend Power :