Northern Abitibi Mining Corp.
TSX VENTURE : NAI

Northern Abitibi Mining Corp.

December 21, 2010 15:42 ET

Northern Abitibi Mining Corp.: New Mineralization Discovered Adjacent to Viking

CALGARY, ALBERTA--(Marketwire - Dec. 21, 2010) - Northern Abitibi Mining Corp. ("Northern Abitibi") (TSX VENTURE:NAI) is pleased to announce that Spruce Ridge Resources Limited has discovered a new zone of gold mineralization on their claims located immediately east of Northern Abitibi's Viking property. 

The new discovery, termed the Whiskey Jack zone, occurs about 150 metres east of Northern Abitibi's property boundary, close to Northern Abitibi's recently discovered Asgard zone. The first hole drilled into the Whiskey Jack zone returned 20.05 metres grading 1.12 grams per tonne (g/t) gold, including 3.25 metres grading 5.42 g/t gold (Spruce Ridge News Release Dated December 21, 2010). Alteration and mineralization at Asgard and Whiskey Jack are similar, and it is possible the two zones could be continuous and represent part of a larger mineralized trend. The area contains extensive shallow cover and additional trenching and drilling will be required to verify the orientation and continuity of mineralization. 

The four new gold zones outlined by Northern Abitibi in 2010 (see news release dated August 19, 2010) combined with this new gold discovery by Spruce Ridge highlights the widespread nature of gold mineralization in the district and the excellent potential for discovering new zones of potentially economic gold mineralization in the belt.

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 first ever resource estimate on the Thor Trend is expected to be complete in January 2011. 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).

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