Northern Abitibi Mining Corp.
TSX VENTURE : NAI

Northern Abitibi Mining Corp.

June 12, 2008 11:45 ET

Northern Abitibi Discovers Wide Spread Nickel Sulphide Mineralization at Taylor Brook With High Grade Intervals Including 6.1% Nickel Over 0.25 Meters and 4.0% Nickel Over 0.25 Meters

CALGARY, ALBERTA--(Marketwire - June 12, 2008) - Northern Abitibi Mining Corp. (TSX VENTURE:NAI) ("Northern Abitibi") is pleased to announce that the 2008 drill program at the Taylor Brook nickel-copper-cobalt property in Newfoundland is complete, and assay results have been received. A total of 1430.8 meters were drilled in 9 holes, all targeting geophysical conductors. The drill program has been extremely successful in discovering sulfide zones, identifying new areas of nickel-copper mineralization, and outlining a new highly prospective emerging nickel district.

A summary of all of the significant drill hole intercepts is presented in the table below. Holes 08TB-09 and 10 tested a 225 meter long airborne geophysical conductor located immediately south of the Layden showing, Hole 08TB-10 was drilled below the mineralized zone encountered in hole 08TB-09 (released previously) and intersected the zone approximately 60 meters deeper. Hole 08TB-10 returned 1.35% nickel, 0.32% copper, and 0.023% cobalt over a core length of 1.45 meters from 95.95 to 97.4 meters depth in the hole. As previously released (see news release 08-07), hole 08TB-09 intersected 1.71% nickel, 0.13% copper, and 0.028% cobalt over a core length of 4.15 meters, from 42 to 46.15 meters depth in the hole, including 4.5% nickel, 0.16% copper, and 0.073% cobalt over a core length of 0.95 meters, and 4.7% nickel, 0.17% copper, and 0.071% cobalt over a core length of 0.3 meters. Based on these two intercepts the mineralized zone is interpreted to be subvertical to steeply northeast dipping.

Holes 08TB-11 and 08TB-12 intersected thick sections of post mineral dikes and did not intersect the target sulfide zone. Hole 08TB-13 targeted a modeled off-hole conductor identified during the Crone PEM (pulse electromagnetic) down hole survey of hole 07TB-04. The hole did not intersect massive sulfides and the off-hole conductor identified in the survey remains unexplained.

Hole 08TB-14 tested a 170 meter by 90 meter airborne geophysical conductor located 210 meters north of the Layden showing. The hole intersected favorable host rocks and a 1 meter interval containing 0.34% Ni, 0.14% Cu, and 0.048% Co, from 132.75 to 133.75 meters depth. Hole 08TB-15 tested an airborne geophysical conductor located northwest of the Layden showing. The hole intersected a zone of barren pyrite hosted in felsic garnet paragneiss. Hole 08TB-16 targeted a 200 meter by 200 meter bulls eye shaped airborne conductor located 750 meters west of the Layden showing. The hole encountered favorable host rocks and a 4.2 meter zone averaging 0.25% Cu, 0.03% Ni and 0.008% Co, from 86.6 to 90.8 meters depth, including a 1 meter zone with 0.54% Cu, 0.06% Ni, and 0.008% Co.

Hole 08TB-17 was the last hole of the program and directly tested the Layden showing. The hole intersected a 4.25 meter zone averaging 1.63% Ni, 0.36% Cu, and 0.027% Co from 0 to 4.25 meters depth. Included in this interval is 0.25 meters with 4.0% Ni, 1.86% Cu, and 0.051% Co, and another 0.25 meters with 6.1% Ni, 0.17% Cu, and 0.111% Co.

The company is extremely pleased with the results of the 2008 drill program. Five separate occurrences of sulfides have been intersected in the 2008 drilling and four of the five sulfide zones contain Ni-Cu-Co mineralization associated with mafic to ultramafic host rocks. The four zones of Ni-Cu-Co mineralization occur within an area exceeding 300 meters by 800 meters, and all four zones remain open for expansion and delineation.

All of the airborne geophysical conductors drill tested during this program contained sulfides. The excellent correlation between airborne geophysical conductors and sulfide bodies provides a valuable exploration technique for the property and the district. The property contains two additional airborne geophysical conductors which have not yet been drill tested. Given the success of the present drilling program and the usefulness of airborne geophysics in sulfide target detection, the company has staked an additional 1024 claims (25,600 hectares) surrounding the Taylor Brook property to secure a large land position in this highly prospective emerging nickel belt. The company is currently evaluating numerous options to advance the project by further delineating the new discoveries and exploring for new high grade nickel occurrences within the large land position.

Summary of significant drill intercepts from the 2008 drill program - Taylor Brook



----------------------------------------------------------------------------
Drill Hole From To Width Ni(%) Cu(%) Co(%) Description
(m) (m) (m)(1)
----------------------------------------------------------------------------
08TB-09 42.0 46.15 4.15 1.71 0.13 0.028 Mafic and felsic
gneiss, sulfides
----------------------------------------------------------------------------
including 42.6 42.9 0.3 4.7 0.17 0.071 50% sulfides, biotite
and pyroxene
----------------------------------------------------------------------------
including 43.4 44.35 0.95 4.5 0.16 0.073 Massive sulfide breccia
----------------------------------------------------------------------------
08TB-10 95.95 97.4 1.45 1.35 0.32 0.023 Sulfides and felsic
gneiss
----------------------------------------------------------------------------
08TB-14 132.75 133.75 1 0.34 0.14 0.048 Mafic intrusion with
sulfide zones
----------------------------------------------------------------------------
and 137.3 138.3 1 0.09 0.15 0.022 Mafic intrusion with
sulfide zones
----------------------------------------------------------------------------
08TB-16 86.6 90.8 4.2 0.03 0.25 0.008 Mafic intrusion with
sulfide zones
----------------------------------------------------------------------------
including 89.3 90.3 1 0.06 0.54 0.008 Mafic intrusion with
sulfide zones
----------------------------------------------------------------------------
08TB-17 0 4.25 4.25 1.63 0.36 0.027 Mafic intrusion with
sulfide zones
----------------------------------------------------------------------------
including 0.2 0.45 0.25 4.0 1.86 0.051 Mafic intrusion 15%
sulfides
----------------------------------------------------------------------------
including 4.0 4.25 0.25 6.1 0.17 0.111 Massive sulfide breccia
----------------------------------------------------------------------------
(1) The true widths of the mineralized intercepts are interpreted to be
between 70 and 95% of the core intercepts. The true width for the
intercept in hole 08B-10 is interpreted to be about 50% of the core
intercept.


Core samples were delivered to Eastern Analytical Ltd. in Springdale, Newfoundland for analyses. Gold was assayed by standard fire assay methods with 30 additional elements analysed by Induced Coupled Plasma (ICP). All nickel values greater than 1100 parts per million were re-assayed using a nitric and hydrochloric acid digestion that extracts nickel only from sulfide mineralization and not from nickel silicate minerals. Duplicate samples, blanks, and standards are included with select sample batches and then checked to ensure proper quality assurance and quality control (QA/QC). Several samples have been sent for Pt and Pd analyses and the results are still pending.

A drill hole location map of the Taylor Brook Project can be viewed on the Marketwire website via the following link: http://media3.marketwire.com/docs/612nai1.jpg

Northern Abitibi

Northern Abitibi's technical team of experienced, professional geologists are assembling a portfolio of gold, nickel and other base metal projects from opportunities within Canada, Mexico and the United States. Northern Abitibi can earn a majority interest in the Taylor Brook project from Altius Resources Inc. by making staged share and cash payments and funding exploration over a period of 4 years. An updated description of the Taylor Brook project will be available on our website (www.naminco.ca) shortly.

The drill program was supervised by Dr. Shane Ebert, P.Geo., and Dr. Stephen Rowins, P.Geo.

Dr. Shane Ebert 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
    (403) 233-2636
    or
    Northern Abitibi Mining Corp.
    Jean Pierre Jutras
    (403) 233-2636
    (403) 266-2606 (FAX)
    Website: www.naminco.ca