Northern Abitibi Mining Corp.

Northern Abitibi Mining Corp.

March 08, 2010 10:37 ET

Northern Abitibi Updates 2010 Exploration Plans at Viking

CALGARY, ALBERTA--(Marketwire - March 8, 2010) - Northern Abitibi Mining Corp. (TSX VENTURE:NAI) ("Northern Abitibi") is pleased to provide details of its 2010 exploration plans at the Viking gold project, Newfoundland. The objectives of the 2010 exploration program are to substantially expand drilling along the open ended mineralized Thor Trend, and complete a National Instrument 43-101 compliant resource estimate by the end of 2010, as well as explore several large untested targets on the property. The company will undertake a minimum 6000 metre diamond drill program consisting of up to 65 drill holes. Two diamond drill rigs will be use for the program, with one scheduled to commence drilling in early May, and a second scheduled to start in early June. The drills will initially be focused on infill drilling and delineating resources along the 1000 metre long and open Thor Trend. In July one of the rigs will be used to test exploration targets outside the Thor Trend. 

A surface exploration program will commence in early June, as snow conditions allow, and will include property scale mapping and sampling, and up to 22 new trenches. Early stage metallurgical test work to further define the metallurgical properties of the Viking mineralization will be undertaken in the next few months. 

The company is currently selecting a contractor to conduct the Viking resource estimate calculation. Shortly after a contractor is finalized, the contractor will be tasked with evaluating all available Viking drill data and determining the optimal drill hole density required for resource delineation and infill drilling.

Display at PDAC 2010 - Northern Abitibi will have a core display featuring the Viking project at the Prospectors and Developers Association of Canada (PDAC) Mining Investment Show in Toronto. The Viking core will be on display Tuesday March 9, from 9:00 am to 5:00 pm, and Wednesday, March 10, from 9:00 am to 12 noon, located on Level 700, South Building of the Metro Toronto Convention Centre, downtown Toronto. We invite you to stop by and visit our display, meet management, and discuss our 2010 exploration plans.

The Viking Property - The Viking Property contains numerous high grade veins within a larger bulk tonnage style zone of gold mineralization located within a 3 to 4 kilometre long, gold-in-soil anomaly. Northern Abitibi has drilled 45 holes and excavated 41 trenches at the Viking Project to date and has intersected gold mineralization along the Thor Trend over a 1000 metre long strike length. Highlights include high grade drill intercepts of 5.75 metres grading 33.7 g/t gold, 3.7 metres grading 50.1 g/t gold, 0.5 metres grading 218.8 g/t gold as well as lower grade intercepts including 27 metres grading 7.9 g/t gold, 23.0 metres grading 5.1 g/t gold, and 57.4 metres grading 2.8 g/t gold. The Viking property is located in the mining friendly jurisdiction of Newfoundland and Labrador and has excellent access and local infrastructure, with a paved highway and power line located less than one kilometre from the project. Northern Abitibi has a 100% property interest in the Viking project subject to a 2% to 4% sliding scale net smelter royalty held by Altius Resources Inc.. A detailed description of the Viking project is available on our website (

Dr. Shane Ebert, P.Geo., is the Qualified Person responsible for the preparation of this news release. 

"Shane Ebert", Shane Ebert, President/Director

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.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.

Contact Information

  • Northern Abitibi Mining Corp.
    Shane Ebert
    Northern Abitibi Mining Corp.
    Jean Pierre Jutras