Northern Gold Confirms Garrcon Deposit Open at Depth with Significant Gold Values
TORONTO, ONTARIO -- (Marketwire) -- 05/09/12 -- NORTHERN GOLD MINING INC. (TSX VENTURE: NGM) ("Northern Gold" or the "Company") today announced drill results from 11 infill diamond drill holes on its 100% owned Garrison Gold Property located 100 km east of Timmins, ON. These 11 holes, totalling 4,303 meters of drilling, confirm that the Garrcon Deposit is open at depth with significant and continuous gold mineralization.
Highlights from Table 1 Below:
- 1.54 g/t over 111.0 meters - GAR-12-204,
(Including 3.29 g/t over 35.0 meters)
- 1.32 g/t over 100.0 meters - GAR-12-204,
(Including 2.65g/t over 26.0 meters)
- 1.58 g/t over 63.7meters - GAR-11-148,
(Including 7.97 g/t over 3.0 meters)
- 10.98 g/t over 1.0 meter - GAR-12-203
- 3.14 g/t over 5.0 meters - GAR-11-154
The drill holes reported here were mostly vertical and designed to delineate and infill the extent and grade of both the North and Shaft Zone mineralization of the Garrcon Deposit with one drill hole, GAR-12-204, designed to explore below the presently defined mineral resource. The Company continued to intersect intervals of consistent mineralization in both zones (See Table 1). GAR-12-204 returned two intervals (100 meters and 111 meters) with average grades exceeding 1.30 g/t. The deeper intersection, starting at 517 meters, encountered a new discovery of gold mineralization with an average grade of 1.54 g/t over a vertical interval of 111 meters, confirming that the Garrcon Deposit remains open at depth.
The significance of this intersection can be seen by following the link below and viewing the ACA Howe International Ltd. Block Model Cross-Section labeled 1175 (on page 23 of 35) developed while completing the recent Resource Update announced in the Press Release dated April 19, 2012. Of note, the start of the 111 meter interval is 17 meters below the -200 meter elevation shown on the 1175 Block Model Cross Section, placing the entire 111 meters completely below any mineralization included in the recent Resource Update:
http://www.northerngold.ca/files/Garrcon-Deposit-Block-Model-Cross-Sections.pdf
"In the ongoing drill program, we are reporting higher than resource average grade results in intercepts from surface to below 600 meters, and we continue to find significant gold values through the breadth and depth of the Garrcon Deposit," said Martin Shefsky, President and CEO of Northern Gold Mining Inc. "Northern Gold continues its systematic approach to increasing both the quantity and quality of resources as we move towards developing an open pit mine at the Garrison Property."
Significant composite assay intervals from the 11 holes announced today are presented in two tables, below. The tables group the drill holes by areas within the resource footprint and by gold-mineralized zones targeted outside the resource footprint defined in the NI 43-101 Technical Report posted to SEDAR on August 8, 2011.
Table 1 - Assay Results (i) these drill holes are infill definition and delineation holes in the eastern portion of the current resource footprint between sections lines 7+00 W and 8+00 W. For comparison purposes, assays higher than 34 g/t are cut to 34 g/t.
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Au Au
From Incl Incl To Interval g/t g/t
Hole ID Zone (m) (m) (m) (m) (m) Un-Cut Cut
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GAR-12-127 North 90.0 93.0 3.0 1.12
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North 170.0 171.0 1.0 1.16
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GAR-12-128 Shaft 202.0 203.0 1.0 1.06
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Shaft 246.0 247.0 1.0 1.22
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Shaft 304.0 337.0 33.0 0.46
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Shaft 332.0 337.0 5.0 1.29
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Shaft 335.0 336.0 1.0 2.18
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GAR-12-129 Shaft 179.0 181.0 2.0 1.05
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Shaft 197.0 198.0 1.0 4.44
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Shaft 288.0 332.0 44.0 0.44
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Shaft 294.0 299.0 5.0 1.60
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Shaft 298.0 299.0 1.0 5.74
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Shaft 320.0 324.0 4.0 0.88
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Shaft 435.0 438.0 3.0 0.81
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Shaft 450.0 453.0 3.0 0.67
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GAR-11-148 Shaft 3.3 67.0 63.7 1.58
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Shaft 8.0 56.0 48.0 1.94
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Shaft 8.0 11.0 3.0 7.97
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Shaft 32.0 36.0 4.0 3.11
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Shaft 145.0 146.0 1.0 3.94
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Shaft 195.0 196.0 1.0 3.00
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Shaft 450.0 451.0 1.0 12.90
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GAR-12-153 Shaft 18.0 19.0 1.0 2.17
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Shaft 30.0 35.0 5.0 0.71
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GAR-11-154 North 80.0 85.0 5.0 0.35
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North 213.0 215.0 2.0 0.47
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North 251.0 254.0 3.0 0.76
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North 354.0 355.0 1.0 2.84
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North 380.0 406.0 26.0 1.13
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North 392.0 397.0 5.0 3.14
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GAR-12-200 North 70.0 72.0 2.0 1.45
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GAR-12-203 Shaft 38.0 39.0 1.0 4.35
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Shaft 94.0 95.0 1.0 1.75
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Shaft 309.0 318.0 9.0 0.63
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Shaft 317.0 318.0 1.0 3.58
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Shaft 326.0 350.0 24.0 0.77
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Shaft 332.0 338.0 6.0 1.49
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Shaft 367.0 387.0 20.0 1.22
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Shaft 372.0 381.0 9.0 2.20
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Shaft 375.0 376.0 1.0 10.89
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GAR-12-204 Shaft 10.6 76.0 65.4 0.54
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Shaft 16.0 18.0 2.0 4.03
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Shaft 70.0 72.0 2.0 2.36
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Shaft 140.0 240.0 100.0 1.32
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Shaft 151.0 160.0 9.0 2.25
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Shaft 170.0 196.0 26.0 2.65
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Shaft 180.0 195.0 15.0 3.49
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Shaft 517.0 628.0 111.0 1.54
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Shaft 544.0 579.0 35.0 3.29
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Shaft 544.0 552.0 8.0 5.65
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Shaft 591.0 602.0 11.0 1.24
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GAR-12-210 North No Significant Assays
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(i) Mineralization occurs as multi-directional stockwork veining, so all
reported assay intervals are downhole lengths and not true widths
The drill hole extension reported in Table 2 was drilled into the Jonpol East Zone and encountered the longest downhole width of mineralization having a plus 1.0 g/t gold grade seen to date in the Jonpol East Zone.
Table 2 - Assay Results (ii) this drill hole is an extension of the previously drilled GAR-11-94 hole along the western part of the northern boundary of the Garrcon deposit. The extension targeted the Jonpol East Zone, north of the Garrcon Deposit.
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Au Au
From Incl Incl To Interval g/t g/t
Hole ID Zone (m) (m) (m) (m) (m) Un-Cut Cut
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GAR-11-94X Jonpol E 436.9 471.0 34.1 1.01
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Jonpol E 451.0 465.0 14.0 1.30
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Jonpol E 462.0 465.0 3.0 3.04
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(ii) In the North and Green Zones true widths are not known because
mineralization occurs as multi-directional stockwork veining;
therefore, all assay intervals are downhole intervals and not true
widths. Intervals reported in the Jonpol East Zone are also downhole
widths because true widths of that mineralization are not known.
Table 3 - Location and Orientation of Drill Holes
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Section Line Section Line Azimuth Inclination
Hole ID West North (True) (degrees)
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GAR-11-94X 13+99 W 11+26 N 344.2 -44.5
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GAR-12-127 9+51 W 10+12 N 340.0 -45.0
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GAR-12-128 9+00 W 10.71 N 160.0 -45.0
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GAR-12-129 9+50 W 9+81 N -0- -90.0
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GAR-11-148 8+50 W 9+68 N -0- -90.0
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GAR-12-153 7+50 W 9+93 N -0- -90.0
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GAR-11-154 9+00 W 10+71 N -0- -90.0
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GAR-12-200 8+50 W 10+22 N 340.0 -45.0
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GAR-12-203 10+28 W 10+00 N -0- -90.0
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GAR-12-204 11+75 W 9+27 N -0- -90.0
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GAR-12-210 9+00 W 10+71 N 340.0 -45.0
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Complete details of the holes reported herein as well as all other drilling completed by Northern Gold and previous operators in both cross-section and plan can be viewed on the Company's website at: http://www.northerngold.ca/files/Garrcon-Cross-Sections.pdf.
Quality Control / Quality Assurance
Northern Gold uses comprehensive, industry standard QA/QC protocols for diamond drilling, core recovery, handling, sampling, shipping and assaying. Details of these protocols can be viewed on the Company's website at: http://www.northerngold.ca/QA-QC.php.
About Northern Gold Mining Inc.: Northern Gold is a TSX-V listed, publicly traded junior resource company based in Toronto, Ontario, dedicated to the discovery and development of high value mineral deposits near the proven mining camps of Kirkland Lake and Timmins in Northeastern Ontario. Northern Gold is focused on developing two advanced stage gold deposits on its 100% owned Garrison Gold Property. In addition to the advanced stage Jonpol and Garrcon Gold Deposits, both of which have independent NI 43-101 compliant mineral resource estimates prepared by A.C.A. Howe International Limited (in Technical Reports posted on SEDAR October 21, 2009, November 5, 2010 and August 8, 2011), the property hosts several other gold mineralized showings including the less advanced 903 gold mineralized area. A Preliminary Economic Assessment is included in the Technical Report posted to SEDAR August 8, 2011. The Garrison Gold Property has historical mining infrastructure at both the Jonpol and Garrcon Deposits, and currently producing mines are located near the property.
The technical aspects of this press release have been reviewed and approved by Michael Gross M.S., P. Geo., and Vice-President Exploration for Northern Gold, who is the "Qualified Person" as defined by NI 43-101 for this project.
CAUTIONARY STATEMENT: This News Release includes certain "forward-looking statements." These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
Neither 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 release.
Contacts:
Northern Gold Mining Inc.
Martha Digby
Director Corporate Communications
416.366.7300 or Cell: 416.455.7670
416.366.7301 (FAX)
mdigby@northerngold.ca
www.northerngold.ca
