New Discovery of High Grade Gold 2305 g/t (67.22 oz/t) on Northern Gold Mining's Kirana Property (Revised)
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TORONTO, ONTARIO, Jul 23 (MARKET WIRE) --
Northern Gold Mining Inc. (TSX VENTURE: NGM) is pleased to provide
revised assay results that include all results on a promising, previously
unknown zone of mineralization containing areas assaying high grades of
gold (up to 2305.12 g/t, or 67.22 oz/ton) and local coarse, visible gold
at its Kirana Project. The Kirana Project is the company's most recently
acquired ground and the area containing the new gold bearing zone lies in
Teck Township, Ontario, approximately five kilometers northeast of the
historic Kirkland Lake gold camp.
Samples were variously collected from single points and along sampling
lines up to 6 metres long and cutting across mineralized areas by means
of chip and channel sampling over both the stripped areas. The two
stripped areas are more than 40 metres apart and it has yet to be
determined if they are two parts of the same mineralized zone or two
entirely separate zones.
On the eastern stripping area (the Matheson Zone) an approximately 5
metre wide strong shear zone, striking 060 degrees to 080 degrees,
appears to control very high grade gold mineralization. 20 samples
collected over a 12 metre strike length along the shear returned assays
as high as 2305.12 g/t Au (67.22 oz/ton) with coarse visible gold
observed at various locations within the Matheson Zone.
Matheson Zone Assay Table
----------------------------------------------------------------------------
Length
Sample # Assay (g/t) Assay (oz/ton) Type (metres) Assay Certificate #
----------------------------------------------------------------------------
28251 2305.12 67.22 Selected NA 4105
----------------------------------------------------------------------------
28202 827.6 24.14 Selected NA 4105
----------------------------------------------------------------------------
28203 566.68 16.53 Selected NA 4105
----------------------------------------------------------------------------
28252 94.7 2.76 Selected NA 4105
----------------------------------------------------------------------------
28201 28.05 0.82 Selected NA 4105
----------------------------------------------------------------------------
28255 13.58 0.4 channel 0.8 4105
----------------------------------------------------------------------------
48409 2.28 0.07 channel 0.9 7W-3820-RG1
----------------------------------------------------------------------------
28253 2.19 0.06 channel 0.4 4105
----------------------------------------------------------------------------
48404 1.8 0.05 channel 0.6 7W-3820-RG1
----------------------------------------------------------------------------
22943 1.65 0.05 Selected NA 7W-3820-RG1
----------------------------------------------------------------------------
48408 1.44 0.04 channel 0.7 7W-3820-RG1
----------------------------------------------------------------------------
48405 1.27 0.04 channel 0.6 7W-3820-RG1
----------------------------------------------------------------------------
48407 1.21 0.04 channel 0.65 7W-3820-RG1
----------------------------------------------------------------------------
22944 0.89 0.03 Selected NA 7W-3820-RG1
----------------------------------------------------------------------------
28300 0.62 0.02 Selected NA 4107
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48406 0.5 0.01 channel 0.6 7W-3820-RG1
----------------------------------------------------------------------------
28254 0.41 0.01 channel 0.7 4105
----------------------------------------------------------------------------
28274 0.34 0.01 Selected NA 4106
----------------------------------------------------------------------------
28288 0.14 TR Selected NA 4106
----------------------------------------------------------------------------
28287 0.07 TR Selected NA 4106
----------------------------------------------------------------------------
22947 0.06 TR Selected NA 7W-3820-RG1
----------------------------------------------------------------------------
28295 TR TR Selected NA 4107
----------------------------------------------------------------------------
22945 TR TR Selected NA 7W-3820-RG1
----------------------------------------------------------------------------
28275 TR TR Selected NA 4106
----------------------------------------------------------------------------
28286 TR TR Selected NA 4106
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On the western stripping area (the Hillside Zone) a pervasive quartz-
iron carbonate alteration and brecciation over the approximately 16 x 8
metre stripped area has returned assays as high as 40.56 g/t (1.18
oz/ton) from various locations within the zone. The control and
thicknesses of this mineralization as well as its relationship to the
apparently shear controlled high-grade gold mineralization on the
Matheson Zone have yet to be determined.
Hillside Zone Assay Table
----------------------------------------------------------------------------
Length
Sample # Assay (g/t) Assay (oz/ton) Type (metres) Assay Certificate #
----------------------------------------------------------------------------
48415 40.56 1.18 Channel 1.0m 7W-3820-RG1
----------------------------------------------------------------------------
28271 27.98 0.82 Selected NA 4106
----------------------------------------------------------------------------
28267 5.07 0.15 Channel 0.4m 4106
----------------------------------------------------------------------------
28277 3.09 0.09 selected NA 4106
----------------------------------------------------------------------------
28259 2.67 0.08 Channel 1.0m 4105
----------------------------------------------------------------------------
28256 2.4 0.07 Channel 1.0m 4105
----------------------------------------------------------------------------
28261 1.85 0.05 Channel 1.0m 4105
----------------------------------------------------------------------------
28265 1.85 0.05 Channel 1.0m 4105
----------------------------------------------------------------------------
48414 1.76 0.05 Channel 1.0m 7W-3820-RG1
----------------------------------------------------------------------------
48416 1.61 0.05 Channel 1.0m 7W-3820-RG1
----------------------------------------------------------------------------
28257 1.58 0.05 Channel 1.0m 4105
----------------------------------------------------------------------------
28260 1.58 0.05 Channel 1.0m 4105
----------------------------------------------------------------------------
28263 1.51 0.04 Channel 1.0m 4105
----------------------------------------------------------------------------
28266 1.51 0.04 Channel 0.55m 4106
----------------------------------------------------------------------------
28272 1.51 0.04 Selected NA 4106
----------------------------------------------------------------------------
28270 1.37 0.04 Selected NA 4106
----------------------------------------------------------------------------
28262 1.3 0.04 Channel 1.0m 4105
----------------------------------------------------------------------------
28276 1.23 0.04 Selected NA 4106
----------------------------------------------------------------------------
28289 1.23 0.04 Selected NA 4106
----------------------------------------------------------------------------
28285 1.1 0.03 Selected NA 4106
----------------------------------------------------------------------------
48417 1.07 0.03 Channel 1.0m 7W-3820-RG1
----------------------------------------------------------------------------
48418 1.06 0.03 Channel 0.7m 7W-3820-RG1
----------------------------------------------------------------------------
28205 0.96 0.03 Selected NA 4107
----------------------------------------------------------------------------
28279 0.96 0.03 Selected NA 4106
----------------------------------------------------------------------------4841
0.92 0.03 Channel 1.0m 7W-3820-RG1
----------------------------------------------------------------------------
28280 0.89 0.03 Selected NA 4106
----------------------------------------------------------------------------
28268 0.82 0.02 Channel 0.6m 4106
----------------------------------------------------------------------------
28204 0.75 0.02 Selected NA 4107
----------------------------------------------------------------------------
28283 0.75 0.02 Selected NA 4106
----------------------------------------------------------------------------
48419 0.44 0.01 Channel 0.7m 7W-3820-RG1
----------------------------------------------------------------------------
28258 0.41 0.02 Channel 1.0m 4105
----------------------------------------------------------------------------
28264 0.34 0.01 Channel 0.3m 4105
----------------------------------------------------------------------------
28282 0.34 0.01 Selected NA 4106
----------------------------------------------------------------------------
28290 0.14 Trace Selected NA 4106
----------------------------------------------------------------------------
48412 0.13 Trace Channel 1.0m 7W-3820-RG1
----------------------------------------------------------------------------
28291 0.07 Trace Selected NA 4107
----------------------------------------------------------------------------
28278 0.07 0.00 Selected NA 4106
----------------------------------------------------------------------------
28269 Trace Trace Channel 0.5m 4106
----------------------------------------------------------------------------
28284 Trace Trace Selected NA 4106
----------------------------------------------------------------------------
28281 Trace Trace Selected NA 4106
----------------------------------------------------------------------------
Northern Gold is now commencing an expanded stripping program to gain
better understanding of the extent and character of the newly discovered
zone through mapping and more systematic sampling, to be followed by
diamond drilling to ascertain the characteristics and potential of this
new discovery in the third dimension. A comprehensive exploration program
of the immediate area surrounding the discovery area is being formulated.
Northern Gold Mining follows certain quality assurance and control
(QA/QC) procedures to ensure sampling and analysis of all exploration
work is conducted in accordance with the best possible practices. The
rock samples collected were sent to the ISO 9001:2000 certified Polymet
Laboratories in Cobalt, Ontario where samples were analyzed for gold
using fire assaying techniques. As part of its QA/QC work, the Company
submits blanks and standards approximately every 50 samples to check for
possible analytical error. Approximately 5% of sample rejects and/or
pulps are sent to different labs for check assaying.
Results of this sampling program and the sampling procedures have 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.
CAUTIONARY STATEMENT: 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.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
Contacts:
Northern Gold Mining Inc.
Martin Shefsky
President and CEO
(416) 366-7300
(416) 366-7301 (FAX)
Email: mshefsky@northerngold.ca
Northern Gold Mining Inc.
Jeffery Boykin
VP Investor Relations Regulatory Affairs
(416) 366-7300
(416) 366-7301 (FAX)
Email: jboykin@northerngold.ca
Website: www.northerngold.ca
Copyright 2008, Market Wire, All rights reserved.
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