Northern Abitibi Mining Corp.
TSX VENTURE : NAI

Northern Abitibi Mining Corp.

October 20, 2008 12:06 ET

Northern Abitibi Mining Corp.: Drill Holes 1 to 5 Are Complete at the Viking Gold Property in Newfoundland, Visible Gold Has Been Identified in 4 of the 5 Holes

CALGARY, ALBERTA--(Marketwire - Oct. 20, 2008) - Northern Abitibi Mining Corp. ("Northern Abitibi") (TSX VENTURE:NAI) is pleased to provide this update on the ongoing drill program at the Viking gold Property in Newfoundland. Drilling is progressing on schedule, and to date 5 holes of a planned 10 hole drill program have been completed.

Holes 1 to 5 are all closely spaced holes which tested a high grade quartz-sulfide vein that returned 308 g/t gold over 0.75 meters at surface in Trench 9. This vein has been termed the Thor Vein, and drilling to date is showing the vein system is continuous to depth and along strike. Holes 1 to 5 have all intersected zones of quartz veining and strong alteration, and visible gold has been identified in core from holes 1, 2, 3, and 4.

The Thor Vein system generally consists of a zone 3 to 8 meters in width, hosting numerous individual quartz sulfide veins ranging from 0.3 to 1.8 meters wide, with wallrock between veins containing abundant smaller quartz veins. The Thor Vein system, which remains open in all directions, has now been tested for 30 meters down dip and 10 meters along strike in order to verify grade continuity from surface trenching work. Holes 1 and 2 have been processed and samples have been sent to the lab for assay. Results are expected in 3 to 4 weeks. The remaining holes are in the process of being logged and sampled and will be sent for assay shortly.

The drill has now been moved to test the zone of surface mineralization identified in Trenches 1 and 7. This area contains high grade mineralization in bedrock including 79.5 g/t gold over 0.5 meters, and 35 g/t gold over 1 meter, as well as quartz boulders with grades up to 314.1 g/t gold.

The company is very pleased with the ongoing drill program which is confirming that zones of quartz veining discovered at surface extend to depth and along strike. The identification of free gold in several of the drill holes suggests that the high grade gold mineralization identified at surface could be continuous at depth.

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 Viking project from Altius Resources Inc. by making staged share and cash payments and funding exploration over a period of 4 years. A description of the Viking project is available on our website (www.naminco.ca).

The drill program is being supervised by Dr. Shane Ebert, P.Geo., and Dr. Stephen Rowins, P.Geo. 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
    (250) 964-2699
    (403) 266-2606 (FAX)
    or
    Northern Abitibi Mining Corp.
    Jean Pierre Jutras
    (403) 233-2636
    (403) 266-2606 (FAX)
    Website: www.naminco.ca