Underground Delineation Drilling at Northgate Minerals� Young-Davidson Mining Project Confirms Zone Geometry and Grade
Results Show Potential for Higher "As Mined" Grade from the Underground
VANCOUVER, May 26, 2011
� Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) is pleased to announce results from a highly successful underground delineation drill program at its 100% owned Young-Davidson Mining Project located in northern Ontario.
Delineation drilling was initiated to define the stope limits for underground mining within the Upper Boundary Zone ("UBZ"). Results from the drill program have confirmed the grade, continuity and width of the UBZ, which contains 3.64 million tonnes of ore and is scheduled for mining in the early years of underground production. Young-Davidson is currently forecasting an initial 15-year mine-life with production commencing in 2012 from a small open pit before mining moves underground in 2014. The area of delineation drilling covers approximately half of the ore tonnage in the UBZ.
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Northgate Minerals Corporation
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PRODUCTEUR |
CODE : NGX.TO |
ISIN : CA6664161024. |
CUSIP : 666416102 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Northgate Minerals est une société de production minière d'or et de cuivre basée au Canada. Northgate Minerals est en développement de projets d'or, de cuivre et d'argent au Canada, et détient divers projets d'exploration au Canada. Ses principaux projets en production sont STAWELL MINE et FOSTERVILLE MINE en Australie et KEMESS SOUTH au Canada, son principal projet en développement est YOUNG - DAVIDSON au Canada et ses principaux projets en exploration sont BOULEVARD, KEMESS UNDERGROUND, MATACHEWAN MINE et AWAKENING GOLD au Canada. Northgate Minerals est cotée au Canada. Sa capitalisation boursière aujourd'hui est 943,3 millions CA$ (928,4 millions US$, 655,4 millions €). La valeur de son action a atteint son plus bas niveau récent le 28 janvier 2000 à 0,60 CA$, et son plus haut niveau récent le 12 mai 2006 à 5,29 CA$. Northgate Minerals possède 254 245 479 actions en circulation. |