Attention Business Editors:
Northgate to speak at Denver Gold Forum - Update on Kemess North Project
VANCOUVER, Sept. 20 /CNW/ - Northgate Minerals Corporation (TSX:�NGX,
AMEX: NXG) confirmed today that it is meeting with federal and provincial
government authorities this week to discuss the recent Panel recommendation
report, dated September 17, 2007, for the Kemess North project (the
"Project").
Northgate will be providing an update on the status of the Project at the
upcoming Denver Gold Forum on Tuesday, September 25, 2007 at 12:55 pm EDT
(10:55 am MDT), where Ken Stowe, President and CEO, will be making a
presentation.
The Denver Gold Forum will be providing a live webcast of the
presentation and can be accessed on the following website:
http://events.onlinebroadcasting.com/denvergold/092407/index.php
NORTHGATE MINERALS CORPORATION is a gold and copper mining company
focused on operations and opportunities in the Americas. The Corporation's
principal assets are the Kemess South mine in north-central British Columbia,
the adjacent Kemess North deposit, which contains a proven and probable
reserve of 4.1 million ounces of gold and the Young-Davidson property in
northern Ontario with a total resource base of 2.1 million ounces of gold.
Northgate is listed on the Toronto Stock Exchange under the symbol NGX and on
the American Stock Exchange under the symbol NXG.
FORWARD-LOOKING STATEMENTS:
This news release includes certain "forward-looking statements" within
the meaning of section 21E of the United States Securities Exchange Act of
1934, as amended. These forward-looking statements include estimates,
forecasts, and statements as to management's expectations with respect to,
among other things, future metal production and production costs, potential
mineralization and reserves, exploration results, progress in the development
of mineral properties, demand and market outlook for commodities and future
plans and objectives of Northgate Minerals Corporation (Northgate).
Forward-looking statements generally can be identified by the use of
forward-looking terminology such as "may," "will," "expect," "intend,"
"estimate," "anticipate," "believe," or "continue" or the negative thereof or
variations thereon or similar terminology. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that, while
considered reasonable by management are inherently subject to significant
business, economic and competitive uncertainties and contingencies. 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 Northgate's expectations are disclosed under the heading "Risk
and Uncertainties" in Northgate's 2006 Annual Report and under the heading
"Risk Factors" in Northgate's 2006 Annual Information Form (AIF) both of which
are filed with Canadian regulators on SEDAR (www.sedar.com) and with the
United States Securities and Exchange Commission (www.sec.gov). Northgate
expressly disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future
events or otherwise.
For further information: Ms. Keren R. Yun, Manager, Investor Relations, (416)
216-2781, kyun@northgateminerals.com
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Northgate Minerals Corporation
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PRODUCER |
CODE : NGX.TO |
ISIN : CA6664161024. |
CUSIP : 666416102 |
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Northgate Minerals is a gold and copper producing company based in Canada. Northgate Minerals develops gold, copper and silver in Canada, and holds various exploration projects in Canada. Its main assets in production are STAWELL MINE and FOSTERVILLE MINE in Australia and KEMESS SOUTH in Canada, its main asset in development is YOUNG - DAVIDSON in Canada and its main exploration properties are BOULEVARD, KEMESS UNDERGROUND, MATACHEWAN MINE and AWAKENING GOLD in Canada. Northgate Minerals is listed in Canada. Its market capitalisation is CA$ 943.3 millions as of today (US$ 928.4 millions, € 655.4 millions). Its stock quote reached its lowest recent point on January 28, 2000 at CA$ 0.60, and its highest recent level on May 12, 2006 at CA$ 5.29. Northgate Minerals has 254 245 479 shares outstanding. |