Northern Gold Mining Inc.
TSX VENTURE : NGM

Northern Gold Mining Inc.

April 26, 2011 07:07 ET

Northern Gold Announces Significant New Gold Assay Results in Ongoing Drill Program-Intersects 55 m @ 1.87 g/t Including 1 m @ 64.86 g/t

TORONTO, ONTARIO--(Marketwire - April 26, 2011) - Northern Gold Mining Inc. (TSX VENTURE:NGM) ("Northern Gold" or "the Company") announces assay results for nine additional diamond drill holes totaling 1,689.5 meters of drill core. These results are part of the Company's ongoing 30,000 meter drill program at the Garrcon Deposit on the Garrison Gold Property located on the Abitibi greenstone belt. A total of 46 drill holes (9,929 meters) have been reported to date for the drill program that began in May, 2010. Assay results for these latest nine drill holes are listed in Table 1.

"These new drilling results continue to intersect long intervals of mineralization supporting the concept of a significant near surface mineral resource at the Garrcon Deposit. Results from both infill drilling and stepout drilling continue to confirm that mineralization is open to depth and along strike," said Martin Shefsky, President and CEO of Northern Gold Mining Inc.

Table 1 – Highlights of Assay Results*


Hole ID


From

Incl
(m)

Incl
(m)

Incl
(m)

Incl
(m)

Incl
(m)

To
(m)

Interval
(m)
Au
g/t
Un-Cut
Au
g/t
Cut
GAR-10-2921.3351.0329.70.67
89.0308.0219.00.88
89.0129.040.01.56
89.090.01.014.37
94.095.01.018.10
124.0129.05.01.56
124.0125.01.012.41
164.0177.013.01.03
172.0177.05.01.57
211.0298.087.01.05
225.0265.040.01.51
225.0226.01.08.94
241.0249.08.03.58
243.0244.01.017.21
257.0258.01.06.64
288.0298.010.01.59
288.0289.01.06.86
GAR-10-3537.066.055.30.02
GAR-10-453.9351.0347.10.24
4.2108.0103.80.68
7.049.042.00.97
7.026.019.01.39
7.015.08.02.38
10.013.03.03.82
72.097.025.00.87
89.097.08.01.54
285.3291.05.70.65
GAR-10-4711.6234.0222.40.10
38.039.01.01.31
106.0107.01.01.23
125.0126.01.01.99
GAR-10-4827.0249.0222.00.07
28.029.01.03.75
GAR-11-4912.075.0163.00.06
GAR-10-5013.0351.0338.00.440.35
70.0311.0241.00.610.48
216.0311.095.01.300.97
240.0311.071.01.581.42
256.0311.055.01.871.31
Plus277.0278.01.064.8634.00
GAR-11-50X300.0351.051.00.28
301.0311.010.01.35
GAR-11-59117.0330.0213.00.550.45
120.0300.0180.00.620.51
120.0126.06.00.86
198.0300.0102.01.000.79
221.0300.079.01.530.96
276.0294.018.04.353.18
276.0285.09.08.366.02
276.0277.01.018.0
284.0285.01.055.134.00
GAR-11-6177.5327.0249.50.31
137.0245.0108.00.54
171.6195.523.90.98
171.6184.012.41.54
172.0182.010.01.67
181.0182.01.03.76
238.0245.07.01.07
*As true widths are not known, all intervals are downhole intervals and not true widths.

Drill holes GAR-10-29, GAR-10-35, GAR-10-45 and GAR-10-61 are infill holes within the existing resource. Assay results from these holes continue to confirm the quality of mineralization and continue to indicate that the resource is open to depth. Drill holes GAR-10-47, GAR-10-48 and GAR-10-49 are all located on Section Line 13+75W and on the apparent strike projection of North Zone mineralization from drill holes encountering this mineralization further east. While GAR-10-47 and GAR-10-48 both encountered some plus 1 g/t gold mineralization, neither of them encountered any significant lengths of mineralization. GAR-10-49 collared in ultramafic rocks and continued in ultramafic rocks, encountering only anomalous gold mineralization less than 0.3 g/t to its completed depth of 75 meters. Drill Holes GAR-11-50X and GAR-11-59 are located along systematic drill fences stepping out to the east on 50 meter intervals from Section Line 12+00W. Both of these holes encountered excellent mineralization below 125 meters vertical. GAR-11-50 was extended 51 meters and the extension is called GAR-10-50X. When the 10 meters of 1.35 g/t gold mineralization is combined with the assay information previously released for GAR-10-50 the grades and intervals of mineralization in the combined longer drill hole changes from that originally reported. As a result the entire new length of GAR-10-50 is reported as well as a separate reporting of the mineralization in GAR-10-50X. These step out holes continue to confirm that mineralization is open to depth and on strike to the east.

Two assays above 34.0 g/t are reported in these assay results bringing the total number of assay results received that are higher than one ounce per tonne to six since drilling commenced in May of 2010. Northern Gold also reports the assay results using a top cut grade of 34.0 g/t.

GAR-10-29 – collared on Section Line 12+25W at approximately 9+55N on an azimuth of 344 degrees true and an inclination of minus 45 degrees. The hole was collared in and drilled across the Shaft Zone and dilled to a location well within the North Zone. Grades are consistent with or higher than grades seen in nearby holes C06-04, GD86-10 and GAR-09-02.

GAR-10-35 – collared on Section Line 12+25W at approximately 11+60N on an azimuth of 341 degrees true and an inclination of minus 45 degrees. The hole was designed to help delineate the north edge of the mineralized envelope in this part of the deposit. Only anomalous gold mineralization we encountered in the hole, establishing that the north edge of significant mineralization is approximately 15 meters to the south.

GAR-10-45 – collared on Section Line 13+25W at approximately 9+94N on an azimuth of 348 degrees true and an inclination of minus 36 degrees. The hole was collared in the Shaft Zone mineralization and is consistent with the nearby holes GAR-10-26, GAR-10-17 and GAR-09-04. Near the bottom of the hole, North Zone mineralization was encountered as expected but it was both thinner and lower grade than expected.

GAR-10-47 – collared on Section Line 13+75W at approximately 12+36N on an azimuth of 160 degrees true and an inclination of minus 45 degrees. While three one meter intervals were encountered with grade higher than one gram per tonne, no significant lengths of mineralization were encountered.

GAR-10-48 – collared on Section Line 13+75W at approximately 12+48N on an azimuth of 160 degrees true and an inclination of minus 45 degrees. One significant interval was encountered which has a grade of 3.75 g/t.

GAR-11-49 – collared on Section Line 12+75W at approximately 12+96N on an azimuth of 166 degrees true and an inclination of minus 64 degrees. The hole never left the ultramafics and was stopped at 75 meters.

GAR-10-50X – the extension of GAR-10-50 collared on Section Line 11+00W at approximately 9+40N on an azimuth of 338 degrees true and an inclination of minus 45 degrees. This is a step out hole and with the good grade mineralization encountered near the bottom of the original hole, was extended to drill completely across the North Zone mineralization. The mineralization encountered in the extension was significant enough to cause the entire hole to be reported again.

GAR-11-59 – collared on Section 11+50W at approximately 7+90N on an azimuth of 342 degrees true and an inclination of minus 45 degrees. This hole is another step out hole to the east of Section Line 12+00W and in the Shaft Zone encountered grades similar to that seen in C07-02 and GAR10-38 but in the North Zone the mineralization was significantly higher than seen in those same nearby holes.

GAR-11-61 – collared on Section Line 12+50W at approximately 8+63N on an azimuth of 337 degrees true and an inclination of minus 46 degrees. This is an infill hole that crosses the Shaft Zone and the North Zone. Mineralization in the Shaft Zone area is lower grade than nearby holes. North Zone mineralization is lower grade than GAR-10-44 about 40 meters above.

Quality Assurance/Quality Control

Northern Gold Mining Inc. has implemented a QA/QC protocol for its exploration work. Northern is currently diamond drilling the Garrison Gold Property and the drilling contractor is Major Drilling Group International Inc. Core size is NQ, to give good sample sizes and enabling the possibility for at least two step-downs if ground conditions should require it. Core is delivered to the secure Core Shack facility by the driller or picked up by one of Northern Gold's designated personnel and transported to the Core Shack facility. In addition to recovery and RQD (Rock Quality Designation) data geologic parameters including lithology, alteration, quartz veining, presence and identification of sulfide mineralization along with other geologic parameters are noted and recorded. Core is marked in one meter intervals for splitting, sampling and assaying, unless geologic data indicate a shorter sample interval. Prior to splitting, all core is photographed. Core splitting is done with a diamond core saw and ½ of the drill core is submitted to Expert Laboratories, an accredited laboratory (PTP-MAL – Accredited by Standards Council of Canada – In full accord with ISO/IEC Guide 43-1 "Proficiency Testing by Interlaboratory Comparison") in Rouyn-Noranda, Quebec for assaying.

The remainder of the core is stored at the Garrison Gold Property. All sample intervals where visible gold is observed to be present are automatically submitted for analysis using the metallic screen procedure where the entire half core is crushed, pulped and screened at 100 mesh. The screen oversize is assayed in total and the screen undersize is fire assayed in triplicate using a gravimetric finish. All other samples are analyzed by conventional fire assay using a 30 gram sample with geochemical finish. All samples that assay greater than one gram are re-assayed with conventional fire assay using a gravimetric finish. Conventional fire assay sample prep consists of crushing to 90% passing 10 mesh from which a 300 gram sample is split and pulped to 90% passing 200 mesh and from which a 30 gram sample is taken for fire assaying. Following completion of fire assaying at Expert Laboratories, pulp samples are forwarded by Expert to SGS' certified laboratory (ISO/IEC 17025), in Toronto, Ontario for CN solubility assaying and for multi-element analyses of select samples. CN solubility test uses a 1% CN solution added to 30 grams of sample and shaken for an hour prior to settling and decanting for geochemical analysis. Multi-element analysis is conducted using 4-acid digestion followed by ICP analysis with OES finish (Inductively coupled plasma optical emission spectroscopy). Northern inserts a mixture of gold standard samples, blank samples and duplicate samples into the sample stream at a rate approximating 10% of total original samples. Samples are normally transported in a Company truck from the Property to Expert Labs in Rouyn-Noranda. Chain of Custody protocols require the signing and maintenance of logs and receipts each time the samples are picked up from or delivered to a new location. When utilizing commercial transportation, all shipping sacks are sealed with a numbered tag, the removal of which is recorded upon receipt by Expert Laboratories. Check analyses are conducted on a regular basis utilizing SGS' laboratory, in Toronto, Ontario.

About Northern Gold Mining

Northern Gold Mining Inc. is a TSX-V listed, publicly traded junior resource company based in Toronto, Ontario, dedicated to the discovery and development of high value mineral deposits in the proven mining camps of Kirkland Lake and Timmins in North Eastern Ontario. Northern Gold is focused on developing two advanced stage gold deposits on the Garrison Gold Property. The Property is located within the Abitibi greenstone belt along the Porcupine-Destor and the Munro Fault systems. The Property hosts several gold mineralized showings in addition to the two advanced stage exploration targets, the Jonpol and Garrcon Deposits, for each of which NI 43-101 compliant mineral resources have been calculated, and the less advanced 903 gold mineralized area. Historic diamond drilling by previous operators was completed in all three referenced areas. The Jonpol Technical Report was posted on SEDAR October 21, 2009 and the Garrcon Technical Report was posted on SEDAR November 5, 2010. The Garrison Gold Property has historic mining infrastructure at both the Jonpol and Garrcon Deposits and producing mines are located in close proximity to the property. On April 7, 2011, the Company and ValGold announced that they have entered into a definitive agreement whereby Northern Gold will acquire 100% ownership of the Garrison Gold Property. For details of that Agreement please see the Press Release dated April 7, 2011.

The technical aspects of this press release has been reviewed by Michael Gross M.S., P.Geol., Vice President Exploration for Northern Gold, who is the "Qualified Person" as defined by NI 43-101 for this project.

CAUTIONARY STATEMENT: This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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