Northern Gold Mining Inc.
TSX VENTURE : NGM

Northern Gold Mining Inc.

January 31, 2012 08:45 ET

CORRECTION FROM SOURCE: Northern Gold Stepout Drilling Increases the Strike Length of Mineralization by 25% at its Garrcon Deposit

TORONTO, ONTARIO--(Marketwire - Jan. 31, 2012) -

This document corrects and replaces the press release that was sent on January 26 at 8:45 AM EST. The error occurred in Table 1, in the line starting with GAR -11-114 where there was a change from 448.6 (449) meters (interval 421.6m) @ 0.69 g/t to @ 0.73 g/t.

NORTHERN GOLD MINING INC. (TSX VENTURE:NGM) ("Northern Gold" or "the Company") today announced assay results for six additional diamond drill holes, totalling 2,368 meters of drilling, from its 2011 exploration program at the Garrcon Deposit which is located on the 100% owned Garrison Gold Property, 100 Km east of Timmins, ON.

Highlights reported here from the 2011 program:

from infill holes within the resource footprint:

  • 1.0 meters of 84.3 g/tonne
  • 1.0 meters of 64.5 g/tonne
  • 150.6 meters of 1.24 g/tonne

from stepout holes east of the resource footprint:

  • 54.0 meters of 1.18 g/tonne
  • 13.3 meters of 4.36 g/tonne
  • 0.7 meters of 35.96 g/tonne

As part of the 2011 exploration drill program on the Garrcon Deposit, assay results have been received from three more vertical drill holes (GAR-11-113, GAR-11-114 and GAR-11-115) located in the southern half of the resource footprint established in the NI 43-101 Technical Report by A.C.A. Howe International Limited ("Howe Report") and filed on SEDAR August 8, 2011. These holes were drilled along section line 10+50 W, once again identifying long, up to 421 meters, downhole lengths of gold mineralization above the Howe Report's cutoff grade of 0.3 g/tonne.

Assay results received from the three stepout holes, GAR-11-130, GAR-11-140, and GAR-11-141, east of the Howe Report's resource footprint, extend the known strike length of the Garrcon mineralized deposit another 200 meters eastwards, increasing the length of known mineralization to 1 km. The best intersection in these three holes is 54 meters of 1.16 g/tonne Au. In addition, higher grades were intersected over shorter lengths of downhole mineralization in all three stepout holes.

"Early results from the stepout drilling east of the Howe resource footprint are very exciting to us as they appear to be in similar mineralization to that seen within the NI 43-101 resource" said Martin Shefsky, President and CEO of Northern Gold Mining Inc. "The mineralization reported within the resource and that seen in the stepout drill holes continue to support the potential of the Garrcon geologic model as a large, bulk mineable, open pit deposit."

The significant composite assay intervals in the six holes are outlined below in Table 1.

Table 1 - Assay Results*



Hole ID


Zone

From
(m)

Incl
(m)

Incl
(m)

To
(m)

Interval
(m)
Au
g/t
Un-Cut
Au
g/t
Cut
GAR-11-113 Shaft 52.0 66.0 14.0 0.91
Shaft 213.0 405.0 192.0 0.37
Shaft 241.0 243.0 2.0 2.57
Shaft 280.0 281.0 1.0 19.38
Shaft 307.0 375.0 68.0 0.53
Shaft 307.0 311.0 4.0 1.06
Shaft 324.0 5.0 3.32
GAR-11-114 Shaft 15.0 448.61 421.6 0.73 0.54
Shaft 194.0 195.0 1.0 84.26 34.00
Shaft 313.0 463.1 150.61 1.24 1.04
Shaft 313.0 314.0 1.0 64.53 34.00
Shaft 342.0 349.0 7.0 1.98
Shaft 403.0 415.0 12.0 2.87
GAR-11-115 Shaft 40.9 42.0 1.1 1.13
Shaft 132.5 133.2 0.7 1.65
Shaft 268.8 269.3 0.45 12.00
Shaft 280.0 289.6 9.6 0.51
Shaft 423.0 427.0 4.0 0.61
GAR-11-130 Shaft 20.0 74.0 54.0 1.18 1.16
Shaft 22.7 36.0 13.3 4.36 4.26
Shaft 22.8 23.4 0.7 35.96 34.00
Shaft 228.0 229.0 1.0 4.01
GAR-11-140 Shaft 34.0 3500 1.0 1.29
Shaft 94.0 101.0 7.0 1.54
Shaft 136.0 140.0 4.0 2.32
Shaft 221.0 223.0 2.0 2.87
GAR-11-141 Shaft 71.0 73.0 2.0 0.81
Shaft 114.0 116.5 2.5 2.43
Shaft 168.0 171.0 3.0 0.58
Shaft 270.0 276.0 6.0 0.37
*True widths are not known because mineralization occurs as multi-directional stockwork veining; therefore, all assay intervals are downhole intervals and not true widths.

Complete details of these holes in both cross-section and plan can be viewed on the Company's website at: http://www.northerngold.ca/files/Garrcon-Cross-Sections.pdf

Table 2 - Location and Orientation of Drill Holes


Hole ID
Section Line
West
Section Line
North
Azimuth
(True)
Inclination
(degrees)
GAR-11-113 10+54 W 9+70 N Vertical -90.0
GAR-11-114 10+50 W 9+23 N Vertical -90.0
GAR-11-115 10+50 W 8+75 N Vertical -90.0
GAR-11-130 6+48 W 10+68 N 150.0 -45.0
GAR-11-140 4+50 W 9+25 N 158.6 -44.8
GAR-11-141 5+02 W 9+36 N 173.5 -44.4

Drill hole GAR-11-115 is a vertical hole that encountered lamprophyre dike for most of its 462 meters to final length. Where the hole encountered metasediments gold grades above 0.3 g/t were intersected over short intervals, but within the lamprophyre grades were either less than 0.05 g/t with numerous assays below the assay detection limit of 0.005 g/t. The Garrcon Deposit remains open on strike to the east and west, to depth and toward the Jonpol East Zone on the north.

Quality Control / Quality Assurance

Northern Gold follows comprehensive, industry standard QA/QC protocols dealing with drilling, core recovery and handling, sampling and assaying. Detailed information about these protocols can be viewed on the Company's website at: http://www.northerngold.ca/QA-QC.php

About Northern Gold Mining: 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 in the proven mining camps of Kirkland Lake and Timmins in North Eastern 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 (Posted to SEDAR October 21, 2009, November 5, 2010 and August 8, 2011). A Preliminary Economic Assessment is included in the Technical Report posted to SEDAR August 8, 2011. The property hosts several other gold mineralized showings including the less advanced 903 gold mineralized area. 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 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: 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. 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.

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