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CALGARY, ALBERTA--(Marketwire - April
7, 2010) - Northern Abitibi Mining Corp. ("Northern Abitibi")
(TSX VENTURE:NAI) is pleased to announce that exploration permits have
been received for all of the planned 2010 exploration activities at the
Viking project, Newfoundland.
A minimum 6000 metre diamond drill program is scheduled to commence at
Viking in early May. A drill contractor has been retained and all
logistics and personnel for the program have been arranged. Drilling
will initially be focused on infill and resource delineation along the
Thor Trend which remains open for expansion. The exploration permits
allow for up to 65 new drill holes and 22 new trenches. At least 2
drill rigs will be active at the project in 2010 along with a
significant surface exploration program consisting of trenching,
sampling, and property scale mapping. The company intends to complete a National
Instrument 43-101 resource estimate at Viking by the end of 2010.
Northern Abitibi has returned the Taylor Brook Nickel project to the
property vendor, Altius Resources, which will enable the company to
focus its financial and technical resources on the Viking project.
Talk at Calgary Mining Forum and Display at Minerals North 2010
Northern Abitibi will present a talk on the Viking project at the
Calgary Mineral Exploration Group 19th Calgary Mining Forum at the
Ramada Hotel, Downtown Calgary, on April 21st at 2:45 pm. Northern
Abitibi will also have a core display featuring the Viking project at
the Minerals North Conference in Prince George, British Columbia, on
April 22 and 23.
The Viking Property
The Viking Property contains numerous high grade veins within a larger
bulk tonnage style zones of gold mineralization located within a 3 to 4
kilometre long, gold-in-soil anomaly. Northern Abitibi has drilled 45
holes and excavated 41 trenches at the Viking Project to date and has
intersected gold mineralization along the Thor Trend over a 1000 metre
long strike length. Highlights include high grade drill intercepts of
5.75 metres grading 33.7 g/t gold, 3.7 metres grading 50.1 g/t gold,
0.5 metres grading 218.8 g/t gold as well as longer intercepts
including 27 metres grading 7.9 g/t gold, 23.0 metres grading 5.1 g/t
gold, and 57.4 metres grading 2.8 g/t gold. The Viking property is
located in the mining friendly jurisdiction of Newfoundland and
Labrador and has excellent access and local infrastructure, with a
paved highway and power line located less than one kilometre from the
project. Northern Abitibi has a 100% property interest in the Viking
project subject to a 2% to 4% sliding scale net smelter royalty held by
Altius Resources Inc.. A detailed description of the Viking project is
available on our website (www.naminco.ca).
Shane Ebert, President/Director
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.
The TSX Venture Exchange has neither approved nor disapproved of the
contents of this press release.
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