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Northern Abitibi Mining Corp

Publié le 22 juin 2010

Announces Widest MineralizedDrill Intersections at Viking to Date Includ

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Northern Abitibi Mining Corp.
TSX VENTURE: NAI
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June 22, 2010
Northern Abitibi Announces Widest Mineralized Drill Intersections at Viking to Date Including 80.9 Metres Grading 0.7 Grams Per Tonne Gold and 62.3 Metres Grading 0.8 Grams Per Tonne Gold
CALGARY, ALBERTA--(Marketwire - June 22, 2010) - Northern Abitibi Mining Corp. (TSX VENTURE:NAI) ("Northern Abitibi") is pleased to provide assay results for drill holes 47 to 52 from its ongoing drill program at the Viking gold property in Newfoundland.

There are currently two diamond drill rigs working at Viking in addition to a surface trenching and mapping program. A location map showing the 2010 drill holes is available in the Map Gallery on our website at www.naminco.ca. The current round of drilling is focused on both infilling and expanding the known gold bearing zone along the Thor Trend.

Drill Results

Holes 47 to 52 have all encountered gold-bearing intervals over significant widths, and the results are summarized in the table below. Hole 47 encountered anomalous gold throughout most of its 200 metre length including 0.7 grams per tonne (g/t) gold over 19.5 metres and a second zone grading 0.5 g/t gold over 13.5 metres. The hole ended in mineralization grading 0.9 g/t gold over 1 metre. Hole 48 intercepted 2 high grade intervals including 6.0 g/t gold over 0.9 metres and 7.6 g/t gold over 0.4 metres. Hole 50 encountered anomalous gold throughout its 47 metre length, including 1.3 g/t over 6 metres.

Summary of select drill intercepts from holes 47 to 52 - Viking Project

---------------------------------------------------------------------------
Drill Hole            From (m)         To (m)    Width (m)(i)        Au g/t
---------------------------------------------------------------------------
Hole 47                 102.1          121.6            19.5            0.7
---------------------------------------------------------------------------
Hole 47                 133.4          134.1             0.7            3.8
---------------------------------------------------------------------------
Hole 47                 151.5          165.0            13.5            0.5
---------------------------------------------------------------------------
Hole 47                 199.0          200.0             1.0            0.9
---------------------------------------------------------------------------
Hole 48                  41.8           42.7             0.9            6.0
---------------------------------------------------------------------------
Hole 48                  47.8           55.4             7.6            0.7
---------------------------------------------------------------------------
Hole 48                  76.5           76.9             0.4            7.6
---------------------------------------------------------------------------
Hole 49                 135.8          161.2            25.4            0.5
---------------------------------------------------------------------------
including               146.6          147.2             0.6            3.6
---------------------------------------------------------------------------
Hole 50                  10.0           16.0             6.0            1.3
---------------------------------------------------------------------------
Hole 51                  66.5          147.4            80.9            0.7
---------------------------------------------------------------------------
including               104.5          105.0             0.5            4.7
---------------------------------------------------------------------------
including               123.5          147.4            23.9            1.2
---------------------------------------------------------------------------
including               123.5          135.6            12.1            2.0
---------------------------------------------------------------------------
including               134.6          135.6             1.0           13.2
---------------------------------------------------------------------------
Hole 52                  32.0           94.3            62.3            0.8
---------------------------------------------------------------------------
including                70.0           78.5             8.5            2.4
---------------------------------------------------------------------------
and                     127.1          134.2             7.1            0.9
---------------------------------------------------------------------------

(i) The true widths of the mineralized intercepts have not been determined
 
Holes 51 and 52 have encountered larger zones of mineralization at depth than have been recognized previously along the Thor Trend. Hole 51 encountered a quartz vein with visible gold which returned 13.2 g/t over 1.0 metre. Hole 51 was 215 metres in length and of that 158.9 metres was sampled for assay. The hole had the longest continuously mineralized core interval intersected on the project to date with 80.9 metres grading 0.7 g/t gold.

Excluding lower grade intervals, drill hole 51 had cumulative mineralized intervals totalling 40.3 metres in length and averaging 1.2 g/t gold. Hole 52 was 205 metres in length of which 194.9 metres was sampled for assay. Hole 52 encountered a long continuously mineralized interval of 62.3 metres grading 0.8 g/t gold followed by a second shorter interval of 7.1 metres grading 0.9 g/t gold. Excluding lower grade intervals, hole 52 had cumulative mineralized intervals totalling 42.05 metres in length and averaging 1.2 g/t gold. Both holes 51 and 52 contained intervals with visible gold.

The company is very pleased with the results to date as they demonstrate good continuity between previously drill tested portions of the Thor Trend. In addition, portions of the Trend are showing larger zones of mineralization than previously encountered, highlighting the bulk minable potential of the system.

Exploration Update

Over 2600 metres of core in 16 holes has been drilled during the 2010 program to date (holes 46 to 61). Assay results have been received for holes 45 to 52. Drill holes 53 to 61 have been logged and sampled and have been sent to the laboratory for assay. Drill holes 62 and 63 are currently in progress. Additional assay results will continue to be released through the program as they are received and compiled.

A surface exploration program is underway and several new zones of alteration and mineralization outside of the Thor Trend have been discovered by trenching. These new discoveries are currently being mapped and sampled and the best targets are scheduled to be drill tested in July.

The Viking Property

The Viking Property contains numerous high grade veins within larger bulk tonnage style zones of gold mineralization located within a 3 to 4 kilometre long gold-in-soil anomaly. Drilling highlights from previous drilling programs include high grade 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 lower grade 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. A detailed description of the Viking project is available on our website (www.naminco.ca).

Quality Control

All drill core is logged, photographed, and cut in half with a diamond saw. Half of the core is bagged and sent to Accurassay Laboratories for analyses while the other half is archived and stored on site for verification and reference purposes. Gold is assayed by standard fire assay methods with 36 additional elements analyzed by Induced Coupled Plasma (ICP). Samples with greater than 5 g/t gold are re-assayed using a metallic sieve procedure to reduce the nugget effect created by free gold particles in the samples.

Duplicate samples, blanks, and certified standards are included with every sample batch and then checked to ensure proper quality assurance and quality control (QA/QC). Select samples are also sent to an outside laboratory for independent analyses as part of a check assay procedure.

Northern Abitibi

Northern Abitibi's technical team of experienced, professional geologists is committed to assembling and advancing a portfolio of gold and base metal projects from opportunities within Canada, Mexico and the United States. Northern Abitibi is focused on identifying high potential North American projects and exploring and developing them in a responsible and cost-effective manner.

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

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.

CONTACT INFORMATION:

Northern Abitibi Mining Corp.
Shane Ebert
1.250.964.2699

or

Northern Abitibi Mining Corp.
Jean Pierre Jutras
President/Director
1.403.233.2636
www.naminco.ca

INDUSTRY: Manufacturing and Production - Mining and Metals

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Northern Abitibi Mining Corp

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CODE : NAI.V
ISIN : CA6647241018
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Northern Abitibi Mining est une société d’exploration minière d'or et de cobalt basée au Canada.

Ses principaux projets en exploration sont SOUTH VOISEY BAY, TAYLOR BROOK, DOUAY NORTHWEST et VIKING au Canada.

Northern Abitibi Mining est cotée au Canada. Sa capitalisation boursière aujourd'hui est 1,1 millions CA$ (806 842 US$, 756 657 €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 0,44 CA$, et son plus bas niveau récent le 01 janvier 2016 à 0,01 CA$.

Northern Abitibi Mining possède 107 310 000 actions en circulation.

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Financements de Northern Abitibi Mining Corp
28/03/2011Announces Non-Brokered Financing
Nominations de Northern Abitibi Mining Corp
19/06/2012Appoints Interim Chief Financial Officer
Projets de Northern Abitibi Mining Corp
17/10/2012(Viking)Shareholders Approve the Sale of the Viking Property to Spru...
07/12/2011(Viking)Announces New Resource Estimate for Viking With 55% Increase...
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18/08/2011(Viking)Announces Additional Drill Results From Viking and the Disco...
27/07/2011(Viking)Announces Additional Drill Results from Viking Including 1=2...
28/06/2011(Viking)Announces Drill Results from Viking Including 1=2E3 Metres G...
17/05/2011(Viking)Drilling Commences at Northern Abitibi's Viking Project
21/04/2011(Viking)Receives 2011 Exploration Permits and Signs Drill Contract
30/03/2011(Viking)Announces 2011 Exploration Plans for Viking
02/03/2011(Viking)Announces Initial Independent Gold Resource Estimate for Vik...
19/08/2010(Viking)Provides Summary of Additional Gold Targets at Its Viking Pr...
12/08/2010(Viking)Intersects More Gold at Viking
13/07/2010(Viking)Announces Additional Drill Results From Viking Including 8=2...
22/06/2010(Viking)Announces Widest MineralizedDrill Intersections at Viking to...
27/05/2010(Viking)Continues to Intersect High Grade Gold at Viking
03/05/2010(Viking)Commences Drilling at Viking
07/04/2010(Viking)Receives Exploration Permits for Viking Drill Program
18/11/2008(Viking) Drills High Grade Gold Including 218.79 g/t Over 0.5m & 50....
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09/03/2015Acquires Cariboo Gold Property in British Columbia
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17/12/2014Northern Abitibi Annouces Trenching Results for Ches Includi...
30/10/2014The 2014 Exploration Program Has Been Completed at Northern ...
02/10/2014Exploration to Commence at Northern Abitibi's Ches Property,...
21/08/2014Fire Delays Exploration at Northern Abitibi's Ches Property,...
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13/05/2014Northern Abitibi Receives Approval for the Ches Property Opt...
28/04/2014Northern Abitibi Approves Exploration Budget for Ches Proper...
23/04/2014Northern Abitibi Options Ches Property in British Columbia
09/07/2013Enters Into an Agreement to Sell Its Interest in the Sarah L...
29/10/2012(Viking)Completes Viking Property Sale to Spruce Ridge Resources and...
14/08/2012(Viking)Consolidates the Viking District Through a Sale of Viking to...
08/05/2012Receives $100,000 Grant
09/01/2012Files Technical Report
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21/01/2009Romarco Encounters a 57.4 Meter Aggregate Zone of 2.8 G/T Au...
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