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Northern Gold Mining

Publié le 12 août 2008

ANNOUNCES COMPLETION OF VTEM AIRBORNE SURVEY AND THE ADDITION OF A SECOND DIAMOND DRILL AT KIRANA

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NORTHERN GOLD ANNOUNCES COMPLETION OF VTEM AIRBORNE SURVEY AND THE ADDITION OF A SECOND DIAMOND DRILL AT KIRANA  

Toronto, Ontario (August 12, 2008):  Northern Gold Mining Inc. (TSX-V NGM) is pleased to announce the completion of the VTEM airborne geophysical airborne survey, flown by Geotech Ltd. over the extent of the Kirana project property.  The Kirana Project is the company's most recently acquired ground and comprises 86 contiguous claim units, 4 patent blocks plus an isolated block of 8 more claim units just south of the main group, the company's recently announced gold bearing zone lies in Teck Township, Ontario, approximately five kilometers northeast of the historic Kirkland Lake gold mining camp. 

Preliminary interpretation of data from Geotech's VTEM survey has identified 10 distinct conductive anomalies.  Following more detailed data analysis and such ground investigations as may be feasible, all anomalies of merit will be tested with diamond drilling.  To facilitate this drilling Northern Gold now has a second drill on site.  As well as testing VTEM anomalies this second drill will be able to test the Matheson Zone at a deeper level than is currently being tested.  It will also test previously identified regional targets along six kilometer of strike extent of the Kirana Break, that part of the structure that crosses Northern Gold's Kirana property.

Northern Gold has granted 200,000 Stock options at an exercise price of $0.28 to General James Gervais the company's new Director and Chairman.   The company also granted options on a total of 240,000 shares to various employees and consultants with an exercise price of $0.28.  All the options were granted under the previously approved stock option plan and have an expiry date of August 4, 2013.. 

This press release has 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

Web site: www.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

EXPLORATEUR
CODE : NGM.V
ISIN : CA66516M1095
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Northern Gold est une société d’exploration minière d'or basée au Canada.

Northern Gold détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont KIRKLAND LAKE, BOURKES GROUP, KIRKLAND LAKE, KIRANA GROUP, GARRISON et GARRISON - JONPOL / MONETA au Canada.

Northern Gold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 3,1 millions CA$ (2,3 millions US$, 2,1 millions €).

La valeur de son action a atteint son plus haut niveau récent le 08 avril 2011 à 0,64 CA$, et son plus bas niveau récent le 23 décembre 2015 à 0,01 CA$.

Northern Gold possède 314 920 000 actions en circulation.

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