Northern Gold Mining Inc.
TSX VENTURE : NGM

Northern Gold Mining Inc.

March 01, 2011 07:00 ET

Northern Gold Hits 209 Meters of 1.44 g/t Including 1 Meter of 97.88 g/t, 3 Meters of 19.85 g/t & 108 Meters of 2.33 g/t, Plus 2 Meters of 10.34 g/t, 9 Meters of 2.64 g/t & 29 Meters of 2.05 g/t

TORONTO, ONTARIO--(Marketwire - March 1, 2011) - Northern Gold Mining Inc. (TSX VENTURE:NGM) ("Northern Gold" or "the Company") announced today assay results for six additional diamond drill holes totaling 1,358.6 meters of drill core in the Company's ongoing 30,000 meter drill program at the Garrcon Deposit on the Garrison Gold Property. A total of 31 drill holes (6,726 meters) have been reported to date for the drill program that began May, 2010. Assay results for these latest six drill holes are listed in Table 1.

"These infill drill results both demonstrate the robust nature of this gold deposit and expand the known gold mineralization in new drill intercepts adjacent to and between holes drilled during previous programs within the resource footprint," said Martin Shefsky, President and CEO of Northern Gold Mining Inc. "We will continue our aggressive drill program utilizing two drills and focusing on systematic infill, definition and step out drilling. Results of drill holes completed prior to December, 2010 will be used in the updated NI 43-101 resource calculation expected to be completed in the first quarter of 2011."

Table 1 – Highlights of Assay Results*


Hole ID


From

From
(m)

To
(m)

Interval
(m)*
Au
Gd (g/t)
Un-Cut
Au
Gd (g/t)
Cut
GAR-10-37 68.5   300.0 231.5 0.19  
  Including 121.0 155.0 34.0 0.50  
  And Including 121.0 131.0 10.0 1.13  
  And Including 121.0 127.0 7.0 1.31  
  Including 188.0 218.0 30.0 0.31  
  And Including 212.0 218.0 6.0 0.63  
GAR-10-38 18.7   126.0 107.3 0.33  
  Including 72.0 117.0 45.0 0.64  
  And Including 72.0 80.0 8.0 1.31  
  And Including 72.0 74.0 2.0 3.77  
  Including 93.0 100.0 7.0 1.02  
  And Including 97.0 100.0 3.0 1.53  
  Including 112.0 114.0 2.0 2.50  
  And Including 112.0 113.0 1.0 3.53  
GAR-10-39 18.0   300.0 282.0 0.52  
  Including 23.0 150.0 127.0 0.68  
  And Including 32.0 93.0 61.0 0.85  
  And Including 32.0 34.0 2.0 10.34  
  And Including 75.0 77.0 2.0 5.50  
  Including 108.0 150.0 42.0 0.56  
  And Including 124.0 147.0 23.0 0.96  
  And Including 138.0 147.0 9.0 1.58  
  And Including 143.0 146.0 3.0 2.10  
  Including 201.0 300.0 99.0 0.56  
  And Including 201.0 224.0 23.0 1.08  
  And Including 201.0 207.0 6.0 3.21  
  And Including 202.0 222.0 20.0 1.12  
  And Including 203.0 207.0 4.0 3.99  
  Including 251.0 300.0 49.0 0.51  
GAR-10-40 1.9   225.0 223.1 0.42  
  Including 7.0 165.0 158.0 0.57  
  And Including 7.0 62.0 55.0 1.19  
  Including 16.0 59.0 43.0 1.35  
  And Including 16.0 25.0 9.0 1.60  
  Including 50.0 59.0 9.0 2.64  
  And Including 51.0 53.0 2.0 6.74  
  And including 51.0 52.0 1.0 10.07  
  Including 136.0 165.0 29.0 0.59  
  And Including 143.0 165.0 22.0 0.63  
  And Including 158.0 165.0 7.0 1.14  
GAR-10-41 3.3   225.0 221.7 0.47  
  Including 3.3 147.0 143.7 0.64  
  And Including 10.0 16.0 6.0 1.3  
  Including 118.0 147.0 29.0 2.05  
  And Including 118.0 135.0 17.0 3.16  
  And Including 124.0 135.0 11.0 4.73  
  And Including 130.0 134.0 4.0 9.35  
  And Including 132.0 134.0 2.0 13.64  
  And Including 132.0 133.0 1.0 18.28  
GAR-10-42 7.0   300.0 293.0 1.05 0.83
  Including 42.0 251.0 209.0 1.44 1.13
  And Including 67.0 242.0 175.0 1.64 1.27
  And Including 67.0 71.0 4.0 2.13 No Change
  And including 67.0 69.0 2.0 3.10 No Change
  Including 134.0 242.0 108.0 2.33 1.73
  And Including 134.0 185.0 51.0 3.21 1.96
  Including 145.0 175.0 30.0 4.63 2.50
  And Including 146.0 154.0 8.0 13.79 5.80
  And Including 146.0 147.0 1.0 97.88 34.00
  Including 239.0 242.0 3.0 19.85 No Change
  And Including 241.0 242.0 1.0 30.82 No Change
*As true widths are not known, all intervals are downhole intervals and not true widths.

All the holes shown in Table 1, except GAR-10-37, are infill and expansion holes within the existing resource footprint and were drilled from Section Line 12+50W to Section Line 13+00W. These infill holes continue to encounter long downhole intercepts of stockwork mineralization at and above the resource cutoff grade. Mineralization intercepted in GAR-10-42 is excellent grade and includes a one meter assay of 97.88 g/t. This is the second assay in 7,269 assays that has assayed higher than 34 g/t. Statistically, it is not significant, but for informational purposes, the resultant assays are shown when the grade is cut to 34 g/t. 

GAR-10-37 – collared on Section Line 11+50W at about8+40N on an azimuth of 342° true and an inclination of -44° is drilled across both the Shaft and North Zones. The hole parallels GAR-10-36 collared approximately 35 meters to the north and CO6-07 collared approximately 95 meters to the south. Both Shaft Zone and North Zone mineralization in the hole is significantly lower than similar zones in either of the parallel holes. Shaft Zone mineralization is similar to that encountered in GAR-10-11, which is located about 25 meters to the west.

GAR-10-38 – collared on Section Line 12+50W at about 9+50N on an azimuth of 155° true and an inclination of -63° is drilled on the south margin of the Deposit testing the Shaft Zone. Mineralization in GAR10-38 is lower grade than that seen in GAR-09-03A which is collared about 25 meters to the north and may indicate that there is little room for expansion of the resource south of GAR-10-38.

GAR-10-39 – collared on Section Line 12+75W at about 9+13N on an azimuth of 346° true and an inclination of -43° crosses both the Shaft and North Zones. The hole parallels C06-06 collared about 40 meters to the north and sub-parallels C07-03 collared about 40 meters to the south. In crossing the Shaft Zone, GAR-10-39 is better grade than C06-06 and consistent with the grade in C07-03. In the North Zone, GAR-10-39 is better grade than both C06-06 and C07-03. Because the last meter in the hole returned an assay of 2.79 g/t the hole was deepened another 60 meters and terminated in the north ultramafics. Assays for the deeping are pending.

GAR-10-40 – collared on Section Line 12+75 at about 10+35N on an azimuth of 343° true and an inclination of -45° is north of the Shaft Zone and crosses the North Zone. The hole parallels C06-06 collared about 90 meters to the south and GAR-10-24 drilled about 70 meters to the north. GAR-10-40 is better grade than both GAR-10-24 to the north and C06-06 to the south.

GAR-10-41 – collared on Section Line 12+50W at about 10+55N on an azimuth of 160° true and an inclination of -63° is crossing a bit of the North Zone but is drilled through the central portion of the Deposit at a steeper angle than the surrounding holes. Mineralization encountered above 118 meters is low grade and consistent with nearby hole GAR09-08. Below 118 meters, the mineralization encountered improves. Assays are pending on the only drill hole within 100 meters.

GAR-10-42 – collared on Section Line 13+00W at about 10+65N on an azimuth of 160° true and an inclination of -45° is drilled entirely within the Shaft Zone. The hole parallels GAR-09-05 and crosses GD86-16 and GAR-56. Mineralization intercepted in GAR-10-42 is consistent with GD86-16 and better than the mineralization in both GAR-56 and GAR-09-05.

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. The Company is in the second year of an option agreement under which it may earn up to an 80% interest in the Garrison Gold Property from ValGold Resources Ltd. ("ValGold,") (TSX VENTURE:VAL). For more information on the option agreement, please see the Company's news release dated 14 September 2009.

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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