Northern Abitibi Mining Corp.
TSX VENTURE : NAI

Northern Abitibi Mining Corp.

November 16, 2010 09:00 ET

Northern Abitibi Discovers a New Mineralized Zone at Viking

CALGARY, ALBERTA--(Marketwire - Nov. 16, 2010) - Northern Abitibi Mining Corp. ("Northern Abitibi") (TSX VENTURE:NAI) is pleased to provide assay results for drill holes 88, 90, 92, 93, 95, 97, 99, 102, and 103 from the Viking gold property in Newfoundland. These 9 drill holes have all tested portions of the Viking Trend, located on the western side of the Viking property approximately two kilometres west of the Thor Trend.

Surface exploration and drilling along the Viking Trend in 2010 has resulted in the discovery of a large new zone of alteration and anomalous gold mineralization that is up to 70 metres thick and has been traced for over two kilometres along strike. The zone appears to be controlled by a gently east-dipping fault zone and remains open in all direction. A location map showing the new drill holes along the Viking Trend with significant surface gold results along with a cross section through the zone is available in the Map Gallery on our website at www.naminco.ca.

New Discovery - Viking Trend

Surface sampling, trenching, and drilling have partially outlined a new zone of alteration and quartz veining along the Viking Trend on the western side of the Viking Property. The zone of alteration has been traced for 2000 metres along strike and remains open in all directions. Surface grab and channel samples from the zone have returned grades ranging from trace to 8.7 grams per tonne (g/t) gold. Channel sampling along a hand dug trench returned 0.5 g/t gold over 11.5 metres. Drilling at the southern part of the Viking Trend (known as the Viking Pond area), indicates the altered zone is up to 70 metres wide and dips at a moderate angle to the southeast. Surface work and drilling results show the zones contains highly anomalous gold, silver, zinc, and copper.



Summary of select drill intercepts - Viking Pond

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Drill Hole From (m) To (m) Width (m)(1) Au g/t Ag g/t Zn% Cu%
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Hole 88 1.6 29.3 27.7 0.3 4 0.1 0.06
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including 16.0 17.0 1.0 1.0 6 0.3 0.23
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Hole 90 2.0 19.0 17.0 0.2 0.3 0.05 0.02
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Hole 92 15.5 17.8 2.3 0.2 22.4 0.85 0.13
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Hole 92 35.0 36.0 1.0 2.1 3.0 1.10 0.09
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Hole 92 49.0 59.0 10.0 0.3 1.5 0.05 0.01
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Hole 92 82.0 100.0 18.0 0.2 less than 1 0.01 -
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Hole 93 20.0 93.5 73.5 0.2 1.5 0.1 0.02
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including 27.4 30.0 2.6 0.5 10.6 1.7 0.27
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including 64.0 72.0 8.0 0.5 1.6 0.02 0.01
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including 70.0 71.0 1.0 2.1 5 - -
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Hole 97 46.5 47.0 0.5 0.2 19 0.6 0.26
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Hole 97 55.9 57.5 1.6 0.4 22 0.2 -
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Hole 97 127.5 128.5 1.0 0.8 2 - -
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Hole 99 25.9 26.4 0.5 0.5 less than 1 - -
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Hole 99 46.8 68.0 21.2 0.1 4.4 0.23 0.02
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including 62.0 63.5 1.5 - 20 1.1 0.07
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Hole 102 182.0 193.5 11.5 0.4 2.1 - -
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including 189.5 191.0 1.5 1.4 4 - -
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(1) The true widths of the mineralized intercepts have not been determined


All of the holes drilled into the zone intersected highly anomalous gold over widths ranging from 47 to 108 metres. Highlights include hole 102 which intersected 11.5 metres grading 0.4 g/t gold, hole 88 which intersected 27.7 metres grading 0.3 g/t gold, and hole 93 which intersected 73.5 metres grading 0.2 g/t gold. Multi-element analyses show the Viking Trend contains higher silver, zinc, copper, and lead than the Thor Trend. This is demonstrated in hole 92 which intersected 2.3 metres containing 0.2 g/t gold, 22.4 g/t silver, 0.85% zinc, 0.29% lead, and 0.13% copper. This increase in silver and base-metal sulfides could represent a lateral/vertical or perhaps temporal metal zonation within the large mineralized system at Viking. Understanding this zonation will be one of the keys to successfully exploring the very large alteration system along the Viking Trend.

Dr. Shane Ebert, President of the Company commented "The first round of drilling at the Viking Trend has intersected a large zone of alteration and quartz veining containing significant anomalies in gold, silver, and base metals. To date drilling has only tested a small portion of the known strike length and down dip extent of the zone, leaving a lot of room for the discovery of higher grade sections. The low angle fault controlling alteration and mineralization along the Viking Trend is inferred to underlie the Thor Trend at depth. The intersection of the Thor Trend with this low angle fault could have potential to host deeper high-grade gold mineralization."

Exploration Update

All of the drill results for the 2010 drill program have now been received and released. Some metallic screen assays and check sample results are expected in the next few weeks. The surface mapping, sampling, and drilling data for the Viking Property continues to be compiled and interpreted. An update on new exploration targets on the property will be released in the next few months.

Mercator Geological Services Ltd. based in Dartmouth, Nova Scotia, are conducting an independent resource estimate study on the Thor Trend which is scheduled to be complete before the end of this year.

The Viking Property

The Viking Property contains numerous high grade veins within larger bulk tonnage style zones of gold mineralization located within a 3 to 4 kilometre long gold-in-soil anomaly. Drilling highlights from previous drilling programs include high grade 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. A detailed description of the Viking project is available on our website (www.naminco.ca).

Quality Control

All drill core is logged, photographed, and cut in half with a diamond saw. Half of the core is bagged and sent to Accurassay Laboratories or Eastern Analytical for analyses while the other half is archived and stored on site for verification and reference purposes. Gold is assayed by standard fire assay methods with additional elements analyzed by Induced Coupled Plasma (ICP). Samples with greater than 5 g/t gold and samples containing visible gold are re-assayed using a metallic sieve procedure to reduce the nugget effect created by free gold particles in the samples.

Duplicate samples, blanks, and certified standards are included with every sample batch and then checked to ensure proper quality assurance and quality control (QA/QC). Select samples are also sent to an outside laboratory for independent analyses as part of a check assay procedure.

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
    1.250.964.2699
    or
    Northern Abitibi Mining Corp.
    Jean Pierre Jutras
    1.403.233.2636
    www.naminco.ca