Northern Gold Mining Inc.

Northern Gold Mining Inc.

June 05, 2012 07:03 ET

Northern Gold Files NI 43-101 Technical Report for Its Garrison Gold Property

TORONTO, ONTARIO--(Marketwire - June 5, 2012) - NORTHERN GOLD MINING INC. (TSX VENTURE:NGM) ("Northern Gold" or the "Company") announced today that subsequent to its news release dated April 19th, 2012, it filed the supporting National Instrument 43-101 ("NI 43-101") Technical Report on SEDAR ( on June 1, 2012. This Technical Report was prepared for the Company by A.C.A. Howe International Limited. It includes an updated resource estimate, for its Garrcon Gold Deposit, one of two gold deposits at the advanced stage of exploration on the Company's 100% owned Garrison Gold Property, located 100 km east of Timmins, Ontario.

NI 43-101 Garrcon Deposit Resource Update (0.3 g/tonne block cutoff grade)

  • MEASURED 604,000 OZ, 17,640,000 TONNES at 1.06 G/TONNE
  • INDICATED 668,000 OZ, 20,830,000 TONNES at 1.00 G/TONNE
  • INFERRED 367,000 OZ, 15,780,000 TONNES at 0.72 G/TONNE

Details about the updated resource estimate can be obtained by clicking the following link to review the report:

Mr. Michael P. Gross M.S., P. Geo., who is the Company's Vice President of Exploration, is a Qualified Person under NI 43-101 and has reviewed and approved the release of the technical disclosure contained in this news release.

About Northern Gold

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 gold deposits at advanced stage of exploration on its 100% owned Garrison Gold Property. In addition to the advanced stage Jonpol and Garrcon Gold Deposits, the property hosts several other gold mineralized showings including the less advanced 903 gold mineralized area. The Garrison Gold Property has historical mining infrastructure at both the Jonpol and Garrcon Deposits, and producing mines are located near the property.

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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