Northern Abitibi Mining Corp.
TSX VENTURE : NAI

Northern Abitibi Mining Corp.

September 06, 2007 16:59 ET

Fieldwork to Commence at Northern Abitibi's Viking Gold Property in Newfoundland

CALGARY, ALBERTA--(Marketwire - Sept. 6, 2007) - Northern Abitibi Mining Corp. (TSX VENTURE:NAI) ("Northern Abitibi") is pleased to announce that fieldwork is about to commence at the Viking property in western Newfoundland. Further, platinum and palladium assays have been received for the Taylor Brook project.

The Viking program will include construction of an access road, up to 1000 meters of mechanized trenching, geological mapping, and sampling. Trenching will be focused over large zones containing well defined gold in soil anomalies and zones with high grade gold in rocks. Historic soil data defines two large gold-in-soil anomalies which merge together in the central part of the property. The western-most anomaly is a 1.5 to 3 kilometer long linear zone trending to the northeast. The eastern soil anomaly is over 1 kilometer long by 1 kilometer wide and includes soil values to 2,090 parts per billion gold, and rock values to 42.8 g/t gold. The eastern zone has never been trenched or drill tested. A description of the Viking gold project can be found on our website at www.naminco.ca.

Northern Abitibi can earn a majority interest in the Viking project from Altius Resources Inc. by issuing 1,115,000 shares of Northern Abitibi, and spending $1,200,000 on exploration over 4 years.

Platinum and palladium assay results for 24 surface rock samples from the Taylor Brook property have been received. The results are consistent with previous analyses from the property and show that significant platinum group element values occur with high grade nickel-copper-cobalt zones. A 1.5 meter chip sample across the massive sulfide zone at the Layden showing with values of 3.8% nickel, 1.3% copper, and 0.08% cobalt, returned 0.16 g/t platinum, 0.24 g/t palladium, and 0.34 g/t gold. A massive sulfide boulder with values of 2.7% nickel, 1.1% copper, and 0.06% cobalt, returned 0.13 g/t platinum, 0.16 g/t palladium, and 0.46 g/t gold. The remaining 22 samples were from low grade to anomalous nickel zones and returned maximum values of 0.05 g/t platinum, 0.07 g/t palladium, and 0.13 g/t gold.

The company is still seeking a drill contractor to drill test the Taylor Brook property.

Rock samples were delivered to Eastern Analytical Ltd. in Springdale, Newfoundland for analyses. Gold, platinum, and palladium have been assayed by standard fire assay methods. Dr. Shane Ebert, P.Geo., is the Qualified Person responsible for the preparation of this news release.

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
    President/Director
    (403) 233-2636
    or
    Northern Abitibi Mining Corp.
    Jean Pierre Jutras
    (403) 233-2636
    Website: www.naminco.ca