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Northern Lion Gold Corp.

Publié le 25 avril 2012

Samples 41 Metres Averaging 3.47 g/t Gold in Recently Granted Mineral Permits, Republic of Cyprus

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April 25, 2012
Northern Lion Samples 41 Metres Averaging 3.47 g/t Gold in Recently Granted Mineral Permits, Republic of Cyprus


Vancouver, British Columbia: Northern Lion Gold Corp. (the "Company" or "Northern Lion") announces the approval for four additional mineral permits in the Republic of Cyprus, which increases the Company's current tenure holdings to 24 permits with a total area greater than 80 square kilometres. Two of the new permits are held outright by Northern Lion, while the other two are under an option agreement between the Company and SES Sweden AB. Initial work on the Pano Lefkara and the Kato Lefkara permits has revealed surface gold mineralization, and a follow up drill program is planned.

Pano Lefkara Permit - 100% Owned

Rock chip sample lines at Pano Lefkara across a 100 metre by 40 metre breccia zone have returned intervals of 41 metres averaging 3.47 grams per tonne ("g/t") gold, 25 metres averaging 1.1 g/t gold, and 24.5 metres averaging 1.06 g/t gold. The breccia zone consists of silicified argillically altered fragments in a variably limonite-kaolinite-hematite altered matrix. Historical drilling of the breccia zone intersected 30 metres of 0.42% copper and 0.91% zinc from within a wider zone of strong clay-pyrite alteration. Gold assays are not available from the earlier work. A large slag heap near the breccia zone attests to ancient mining in the vicinity. Work by Northern Lion 450 metres south of the breccia zone has revealed a substantial gold geochemical anomaly and rock grab samples returned values up to 6.76 g/t gold.

Kato Lefkara Permit - 100% Owned

There are two historical zones of mineralization known at Kato Lefkara permit; Papoutsi and Touroundja. Northern Lion has obtained several rock grab samples with values greater than 1.0 g/t gold from each zone. Both zones consist of strong limonite/kaolinite gossans which are variably exposed beneath younger sedimentary cover, and talus. The gossan at Touroundja is exposed over a 275 metre by 175 metre area. Rock chip sampling across the gossan returned a 31.5 metre sample averaging 3.08 g/t gold. Another nearby outcrop returned a 6 metre rock chip sample averaging 6.38 g/t gold. The gossan appears to overlie a zone of strongly silicified argillically altered rocks. Historical drilling has reportedly intersected sulphides below the gossan and historical ground geophysical surveys have identified strong electromagnetic conductors associated with the gossan and at other locations under the sedimentary cover. Gold assays are not available from the historic work.

Filousa Permit - Optioned

The Filousa permit is located within the western portion of the recently completed airborne geophysical survey. Northern Lion is waiting on a final report and interpretation of an airborne geophysical survey which was flown over two areas of the Company's permits in western Cyprus in early December 2011. The survey was flown by Geotech Airborne Malta, Limited and consisted of a Versatile Time-Domain Electromagnetic ("VTEM") and aeromagnetic geophysical survey. The Filousa permit is underlain by prospective geology and hosts a number of preliminary targets generated by that survey. The final results of the survey are expected within the coming weeks.

Perapedi Permit - Optioned

The Perapedi permit located to the east of the St. Nikolas permit has also been approved. This permit covers the continuation of the trend of prospective geology which hosts the gold mineralization at St. Nikolas, where in 2011 the Company encountered significant drill intercepts including 4.5 g/t gold, 19.08 g/t silver, and 1.04% copper over 28.6 metres in hole 11SN02 (reported April 6, 2011).

The Company's field activities in Cyprus are under the direction of Robert Johnston, P.Geo. (BC), consultant to the Company and "qualified person", as defined by National Instrument 43-101. Mr. Johnston is responsible for the technical content of this news release.

The Company also announces it does not plan to pursue its interest in the Moura license, located in southern Portugal.

About Northern Lion

Northern Lion Gold Corp. is a Canadian mineral exploration company, listed on the TSX Venture Exchange and the Frankfurt Exchange. The Company is committed to building a strong portfolio of projects within mining-friendly and infrastructure-rich areas of Europe.

NORTHERN LION GOLD CORP.

John Lando, President


For information with respect to Northern Lion or the contents of this news release, please contact John Lando or Ian Mitchell at (604) 669-2701, toll free at 1 800 663 0510, or email to info@northernliongold.com or visit the web site at www.northernliongold.com.

This news release includes "forward-looking information", as such term is defined in applicable securities laws. The forward-looking information includes, without limitation, the success of exploration activities and other similar statements concerning anticipated future events, conditions or results that are not historical facts. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward-looking information is inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among others, risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the Company's limited operating history; the need to comply with environmental and governmental regulations; potential defects in title to the Company's properties; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; and other risks and uncertainties. Accordingly, actual future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. All statements are made as of the date of this news release and, except as required by law, the Company is under no obligation to update or alter any forward-looking information.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE
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Données et statistiques pour les pays mentionnés : Portugal | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Portugal | Tous

Northern Lion Gold Corp.

EXPLORATEUR
CODE : NL.V
ISIN : CA6653781055
Suivi et investissement
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Northern Lion Gold est une société d’exploration minière d'or basée au Canada.

Northern Lion Gold détient divers projets d'exploration au Portugal et en Chypre.

Ses principaux projets en exploration sont SKYTTGRUVAN BERGSLAGEN en Suede, MOURA au Portugal et PITHA et ST NIKOLAS en Chypre.

Northern Lion Gold est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 2,4 millions CA$ (1,9 millions US$, 1,8 millions €).

La valeur de son action a atteint son plus haut niveau récent le 03 octobre 1997 à 95,99 CA$, et son plus bas niveau récent le 18 septembre 2015 à 0,03 CA$.

Northern Lion Gold possède 8 260 000 actions en circulation.

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Financements de Northern Lion Gold Corp.
02/05/2011Closes $2,701,350 Private Placement
12/04/2011Announces $2,500,000 Private Placement
Nominations de Northern Lion Gold Corp.
02/05/2012Appoints Chief Operating Officer
27/05/2011Appoints Officers
Projets de Northern Lion Gold Corp.
10/10/2013Begins Diamond Drill Program, Republic of Cyprus
04/04/2013Executes Definitive Agreement with Centerra and Initiates Ex...
17/07/2012Intersects Gold Bearing Massive Sulphides at Pano Lefkara; A...
25/04/2012Samples 41 Metres Averaging 3.47 g/t Gold in Recently Grante...
29/03/2011(Pitha)Provides Cyprus Exploration Update
01/03/2011(Pitha)Airborne Geophysical Survey Contracted for Cyprus
28/05/2008(Skyttgruvan Bergslagen)AIRBORNE GEOPHYSICAL SURVEY COMPLETED OVER SKYTTGRUVAN AND O...
18/03/2008drills 7.0 metres of 5.68 Au g/t at Salgadinho and intersect...
Communiqués de Presse de Northern Lion Gold Corp.
18/03/2014Northern Lion Begins Fully-Funded 2014 Exploration Follow up...
22/01/2014Discovers VHMS-Related Mineralization at Mavroyi, Republic o...
19/11/2013Recent Media Coverage
14/05/2013Completes Agreement with Centerra and Provides an Exploratio...
22/05/2012Initiates Republic of Cyprus Drill Program
07/12/2011Launches Airborne Geophysical Survey over Underexplored West...
20/09/2011Resumes 5,000m of Rotary Prospect Drilling, Republic of Cypr...
14/07/20115,000m of Rotary Prospect Drilling-Airborne EM Survey Awaiti...
29/06/2011Drills 24.3 Metres Grading 1.3 g/t Gold at Evloimeni Target,...
21/06/2011Continues to Expand Near Surface Gold Mineralization at St. ...
16/02/2011Drill Program Commences in Cyprus
17/06/2008SECURES OPTION FOR CYPRUS PROPERTY
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