CALGARY, ALBERTA--(Marketwired - Oct 30, 2014) - Northern Abitibi Mining Corp. ("Northern Abitibi or the Company") (TSX VENTURE:NAI) is pleased to announce that the planned 2014 exploration program has been completed at the Company's Ches property in Central British Columbia.
The 9 day exploration program included the mechanical excavation of 7 trenches which were subsequently washed, mapped, and chip sampled. During the program a total of 274 surface rock samples were collected and sent to Activation Laboratories in Kamloops for assay, with results expected in 4 to 6 weeks.
Trenching and surface mapping have successfully traced alteration and variable sulfide mineralization over an area at least 1.5 kilometres long by 0.5 kilometres wide. Several new exposures containing variable amounts of chalcopyrite-molybdenite-sphalerite-scheelite have been uncovered and then sampled to determine if they have potential for economic grades.
Geologic mapping and field data is presently being compiled and interpreted and will be presented along with assay results as they become available.
The Ches Property
The road accessible Ches Property is located 80 kilometres south of Burns Lake on the south side of Ootsa Lake. Mineralization consists of pyrrhotite-chalcopyrite-scheelite replacement (skarn) style mineralization in calcareous sedimentary rocks and quartz chalcopyrite-molybdenite-scheelite stockwork veining in fine grained siltstones. Historic Assessment Reports state average grades from surface sampling of 0.52% copper and 4.7 g/t silver over a zone 350 metres wide, and copper in soil geochemical anomalies up to 350 metres wide and 800 to 1500 metres long, and open along strike. Subsequent surface grab sampling reported in a 2009 Technical Report by Scarlet Resources Ltd. returned values up to 1% copper, 16 g/t silver, and 0.3% tungsten from the replacement-skarn style mineralization, and values up to 0.45% copper, 0.02% molybdenum, 7 g/t silver, and 0.1% tungsten from the stockwork zone. These mineralized zones have never been trenched or drill tested. The sampling results above are considered historic in nature, they have not been confirmed by Northern Abitibi, and should not be relied upon.
Dr. Shane Ebert, P. Geo. is the Qualified Person responsible for the preparation of this news release.
Shane Ebert, President/Director
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.
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.