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Northern Gold Mining

Publié le 22 octobre 2015

Northern Gold Announces Updated Bulk Sample Results

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Northern Gold Announces Updated Bulk Sample Results

b149dea8174793cd7fb084.pdf



Northern Gold Announces Updated Bulk Sample Results

TORONTO, ONTARIO October 6, 2015 - NORTHERN GOLD MINING INC. (TSX-V: NGM) ('Northern

Gold' or the 'Company') announces updated results from the bulk sampling program at its Garrcon deposit, part of the Company's Golden Bear Project1.


  • Batch 9: Processed 18,186 dry tonnes grading 1.43 g/t, recovering 807.3 oz Au at 96.4% recovery

    Total to date:

  • Processed 73,534 dry tonnes of mineralized material at an average head grade of 1.55 g/t (nine batches processed at St Andrew Goldfields Ltd ('SAS') Holt Mill). The first batch was processed September 13, 2014, with the most recent complete batch ending July 11, 2015.

  • Recovered 3,516.3 troy ounces of gold from the mineralized material

  • Achieved an average mill recovery of 95.7%.


This batch concludes the initial (80,000 tonne maximum, 72,000 minimum) bulk sample program for the Garrcon deposit under the 150,000 tonne Closure Plan as filed with the Ministry of Northern Development and Mines (MNDM) in July 2014. The Company looks to conduct further refinements of its resource models, including a bulk reconciliation against existing block models and a statistical review of the generated data generated from the bulk sample.

Credit Facility Extension

The Company announces that it has agreed to an extension of the term of maturity of the senior secured non-revolving credit facility (the 'Credit Facility') with its secured lender. The term of maturity of the Credit Facility has been extended to January 10, 2016. All other terms and conditions applicable to the Credit Facility remain the same.

The Company also announces that Mr. Gorden Glenn has resigned from the Board. The Board wishes to thank Mr. Glenn for his time and input.

Technical Information and Qualified Person


The technical aspects of this press release have been reviewed and approved by Mr. Greg Matheson, P.Geo., the 'Qualified Person' as defined by National Instrument 43-101 for the Golden Bear Project.

1TECHNICAL REPORT ON THE GOLDEN BEAR PROJECT - GARRISON PROPERTY, Report No. 975, A.C.A.

Howe International Limited Toronto, Ontario, Canada, Effective Date: December 30, 2013, Signing Date: March 03, 2014, filed by the Company on SEDAR. 'Non-diluted Measured+Indicated Mineral Resources considered amenable within the USD$1250 preliminary pit shell to open pit mining (at the Garrcon deposit), totaled 29.2 million tonnes with an average gold grade of 1.12 g/tonne for 1,047,000 ounces'

About Northern Gold


Northern Gold is a TSXV-listed gold company based in Toronto, Ontario. The Company's main focus is the exploration and development of its prospective mineral properties at the Golden Bear Project in the Larder Lake Mining Division in northeastern Ontario. Northern Gold has a portfolio of advanced exploration projects, including the Jonpol and Garrcon Deposits and the Buffonta Property. Recent transactions, including the amalgamation with Victory Gold Mines Inc. and acquisition of the Lac Minerals Property, add to the Company's regional consolidation strategy along the Destor-Porcupine Fault Zone.


For further information on Northern Gold, please contact:


Eric Moeller

President & Chief Executive Officer Tel: 415.669.1489

Email: [email protected]


CAUTIONARY STATEMENT: Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate' and other similar words, or statements that certain events or conditions 'may' or 'will' occur, and includes information with respect to, among other things, the uses of proceeds from the Facility, the Company's present and future financial condition, and the ability of the Company to secure additional sources of financing. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining or failures to obtain TSXV or other required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in Northern Gold's management discussion and analysis for the three month period and year ended March 31, 2015 as filed under the Company's SEDAR profile at www.sedar.com. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, among other things, that financing will continue to be available to the Company on favourable terms or at all, the results of the Company's exploration and development activities will be favourable, and all necessary governmental and regulatory approvals, including TSXV approval, will be received as and when expected. Although Northern Gold believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Northern Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.

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Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Northern Gold Mining

EXPLORATEUR
CODE : NGM.V
ISIN : CA66516M1095
Suivi et investissement
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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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Nominations de Northern Gold Mining
17/05/2013Announces Appointment of New President & CEO
10/10/2012Announces Board Changes and Officer Appointments and Reports...
Projets de Northern Gold Mining
10/09/2013(Garrison)Completes Acquisition of Contiguous Mining Claims to the Gar...
16/04/2013(Garrison)Acquires Additional Property in Garrison, Holloway and Micha...
31/01/2013(Garrison)Acquires Additional Property in Garrison and Harker Township...
18/08/2011(Garrison)Announces Three Additional Drills (Five in Total) on Its Gar...
26/07/2011Reports Assays for Six Drill Holes at Its Garrcon Gold Depos...
26/05/2011(Garrison)More Than Triples Land Holdings at and Near Its 100% Owned G...
16/05/2011(Garrison)ValGold and Northern Gold Close Garrison Property Sale
28/04/2011(Garrison)Intersects 61.0 m @ 2.32 g/t Gold Including 1.0 m @ 127.70 g...
26/04/2011(Garrison)Announces Significant New Gold Assay Results in Ongoing Dril...
12/04/2011(Garrison)Expands the Garrison Gold Property by 27% With Acquisition o...
07/04/2011(Garrison)and ValGold Announce Agreement to Consolidate 100% Ownership...
01/04/2011(Garrison)Announces Significant New Gold Assay Results
01/03/2011(Garrison)Hits 209 Meters of 1.44 g/t Including 1 Meter of 97.88 g/t, ...
24/02/2011(Garrison)Reports That Metallurgical Testing of the Garrcon Deposit Ha...
22/02/2011(Garrison)Hits 58 Meters of 1.08 g/t Gold Including 2 Meters of 13.07 ...
29/12/2010(Garrison)Initiates a New Mineral Resource Report and Preliminary Econ...
10/05/2010(Garrison)Initiates Phase II Drilling on Garrison Gold Property
31/03/2010(Garrison)Initiates Permitting Process for Advanced Exploration/Develo...
23/02/2010(Garrison)Hits 84.2 Metres of 1.49 g/t Gold Including 37.2 Metres of 2...
10/12/2009(Garrison)Hits 56.1 Metres of 2.14 g/t Gold Including 3.4 Metres of 16...
14/08/2008ANNOUNCES ADDITIONAL HIGH GRADE GOLD ASSAYS 552.96 g/t (16.1...
29/07/2008ANNOUNCES COMMENCEMENT OF DIAMOND DRILLING AT THE NEW HIGH G...
22/07/2008NEW DISCOVERY OF HIGH GRADE GOLD 2305 g/t (67.22 oz/t) ON N...
08/01/2008(Kirkland Lake)DRILLS 404.92g/t Au (11.81 opt) over 0.3m(1.0ft.) AT BOURKES
Communiqués de Presse de Northern Gold Mining
22/12/2015Oban Mining Completes Acquisition of Northern Gold
21/12/2015IIROC Trading Halt - NGM
21/12/2015Northern Gold Receives Court Approval for Business Combinati...
23/11/2015Northern Gold Files Circular Regarding Shareholder Vote on B...
22/10/2015Northern Gold Announces Updated Bulk Sample Results
06/10/2015Northern Gold Announces Updated Bulk Sample Results
30/06/2015Northern Gold Announces Updated Bulk Sample Results - Batch ...
23/04/2015Northern Gold Strengthens Board of Directors
26/02/2015Northern Gold Announces Updated Bulk Sample Results – Recove...
26/02/2015Northern Gold Announces Updated Bulk Sample Results-Recovers...
26/01/2015Northern Gold Announces Updated Bulk Sample Results - Recove...
27/10/2014Northern Gold Announces Initial Bulk Sample Results
14/10/2014Northern Gold Announces Closing of $5,000,000 Secured Debt F...
19/09/2014Northern Gold Announces Results of Annual and Special Meetin...
19/09/2014CORRECTION FROM SOURE: Northern Gold Announces Results ofAnn...
18/09/2014Northern Gold Announces Custom Milling Agreement with St. An...
27/08/2014Northern Gold Announces $5,000,000 Secured Debt Facility and...
14/07/2014Northern Gold Announces the Successful Filing of Its Closure...
09/06/2014Northern Gold Announces Change in Management
07/05/2014Northern Gold Submits Garrcon Advanced Exploration Closure P...
02/05/2014Northern Gold Files 43-101 Technical Report for its Garrison...
10/10/2013Intersects 38.35 g/t Au Over 8.0 m at Garrcon Deposit
26/09/2013Reports Results of Jonpol Metallurgical Testwork
18/09/2013Intersects 7.41 g/t Au over 6.5 m at Jonpol East Zone
29/08/2013Intersects 5.47 g/t Au OVER 17.3 m at Jonpol Deposit
21/08/2013Announces Issuance of Securities to Wahgoshig First Nation
15/08/2013Announces Exploration Agreement With Wahgoshig First Nation ...
30/07/2013Extends Gold Mineralization at Buffonta and Completes Initia...
10/07/2013Intersects 4.52 g/t Au over 11.5m at Gold Pike Property
07/05/2013Acquires Champagne Property
26/03/2013Intersects 23.5 g/t Au Over 4.1m at Jonpol Deposit
14/02/2013Named to TSX Venture Top 50
07/02/2013Completes Acquisition of Victory Gold Mines Inc.
21/01/2013Discovers 600-Metre Long High-Grade Gold Zone at Garrcon Eas...
12/12/2012to Acquire Victory Gold
25/10/2012Intersects Two 2-Metre Intervals of 9.85 g/t Au and 15.02 g/...
05/10/2012Announces Closing of $10.0 Million Brokered Private Placemen...
21/09/2012Announces $10.0 Million Private Placement of Flow Through Co...
20/07/2011Continues to Intersect Long Intervals of Gold Mineralization...
11/07/2011Intersects 3.0 m of Gold Assaying 660.0 g/t Including 1.0 m ...
23/06/2011Increases Garrcon Deposit Indicated Resource Five-Fold to 72...
19/04/2011Continues to Expand Exploration Ground With the Acquisition ...
15/06/2010Announces Assay Results of New Mineralized Zone Samples Grad...
15/09/2009And Valgold complete option agrement on Garrison Gold proper...
21/01/2009SIGNS LETTER OF INTENT WITH VALGOLD RESOURCES LTD.
03/09/2008EXPLORATION UPDATE
12/08/2008ANNOUNCES COMPLETION OF VTEM AIRBORNE SURVEY AND THE ADDITIO...
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