Northern Abitibi Mining Corp.

TSX VENTURE : NAI


Northern Abitibi Mining Corp.

August 21, 2014 09:30 ET

Fire Delays Exploration at Northern Abitibi's Ches Property, British Columbia

CALGARY, ALBERTA--(Marketwired - Aug. 21, 2014) - Northern Abitibi Mining Corp. ("Northern Abitibi or the Company") (TSX VENTURE:NAI) announces that a large uncontrolled wild fire in central British Columbia has indefinitely delayed the planned exploration program at the Ches property in Central British Columbia.

The Chelaslie River fire in central British Columbia is currently over 113,000 hectares in size and has burned the entire area covered by the Company's Ches claims. Northern Abitibi has no equipment or assets on the property so nothing of value to the Company has been lost in the fire. The British Columbia Wildfire Management Branch currently has 321 firefighters, 18 helicopter, and 20 pieces of heavy equipment trying to bring the Chelaslie River fire under control. An Evacuation Order is currently in effect for the area covering the Ches Property. The timing of when the fire might be extinguished and the Evacuation Order lifted is unknown at this time, but could be several weeks or even months. Northern Abitibi intends to conduct its roughly $67,000 surface exploration program at Ches as soon as access to the area is permitted and weather conditions allow. The first pass exploration program will include mapping, soil and rock channel sampling, and excavator trenching to evaluate and expand known zones of mineralization previously exposed in logging road cuts.

The Ches Property

The road accessible Ches Property is located 80 kilometres south of Burns Lake on the south side of Ootsa Lake. Mineralization consists of pyrrhotite-chalcopyrite-scheelite replacement (skarn) style mineralization in calcareous sedimentary rocks and quartz chalcopyrite-molybdenite-scheelite stockwork veining in fine grained siltstones. Historic Assessment Reports state average grades from surface sampling of 0.52% copper and 4.7 g/t silver over a zone 350 metres wide, and copper in soil geochemical anomalies up to 350 metres wide and 800 to 1500 metres long, and open along strike. Subsequent surface grab sampling reported in a 2009 Technical Report by Scarlet Resources Ltd. returned values up to 1% copper, 16 g/t silver, and 0.3% tungsten from the replacement- skarn style mineralization, and values up to 0.45% copper, 0.02% molybdenum, 7 g/t silver, and 0.1% tungsten from the stockwork zone. These mineralized zones have never been trenched or drill tested. The sampling results above are considered historic in nature, they have not been confirmed by Northern Abitibi, and should not be relied upon.

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

Shane Ebert, President/Director

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

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.

Contact Information

  • Northern Abitibi Mining Corp.
    Shane Ebert
    1.250.964.2699
    403.266.2606 (FAX)

    Northern Abitibi Mining Corp.
    Jean Pierre Jutras
    1.403.233.2636
    403.266.2606 (FAX)
    www.naminco.ca