Northern Abitibi Mining Corp.
TSX VENTURE : NAI

Northern Abitibi Mining Corp.

May 05, 2008 16:41 ET

Northern Abitibi Mining Corp.: Drilling Has Commenced at the Taylor Brook Nickel-Copper-Cobalt-PGE Property in Newfoundland

CALGARY, ALBERTA--(Marketwire - May 5, 2008) - Northern Abitibi Mining Corp. (TSX VENTURE:NAI) ("Northern Abitibi") is pleased to announce that drilling is underway at the Taylor Brook Property in Newfoundland.

The minimum 1000 meter drill program will test 3 airborne conductors that were not tested during the previous drill program, the margins of the host mafic-ultramafic complex, and select down hole geophysical conductors. The first diamond drill hole is targeting a 225 meter long by 80 meter wide airborne geophysical conductor located immediately south of the Layden showing. The Layden Showing is a high grade massive sulfide lens exposed at surface containing average grades of 5.38% nickel, 1.05% copper, 0.10% cobalt, 112 ppb platinum, 232 ppb palladium and 416 ppb gold.

Interpreted results from the Crone PEM (pulse electromagnetic) down hole survey have been received for hole 07TB-04. The survey has detected a strong off hole conductor at roughly 140 meters depth in the hole. This conductor is interpreted to occur roughly 10 to 20 meters south of hole 07TB-04 and has been modeled as a 50 meter by 50 meter plate. A second lower intensity conductor has also been identified at roughly 90 meters depth in the hole. Both of these conductors will be drill tested during the current drilling program. The completed and interpreted results from the downhole survey on hole 07TB-07 are expected shortly.

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. A description of the Taylor Brook project can be found on our website at www.naminco.ca.

The drill program is being 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

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