Northern Gold Mining Inc.

Northern Gold Mining Inc.

January 27, 2010 13:04 ET

Northern Gold Mining Inc. and ValGold Resources Ltd. Issue Update on Garrison Project and Clarification to Previous News

TORONTO, ONTARIO--(Marketwire - Jan. 27, 2010) - Northern Gold Mining Inc. ("Northern Gold") (TSX VENTURE:NGM) and ValGold Resources Ltd. ("ValGold") (TSX VENTURE:VAL) are pleased to announce the second round of drill results for the 2009 program on the Garrison property.

On 25 January 2010 Northern Gold reported that the second round of assays had been received for the third, fourth, and fifth of eleven holes drilled. It was further reported that multiple occurrences of visible gold were observed in each of these holes. GAR-09-03, GAR-09-04, and GAR-09-05 were designed to test the Shaft sub-zone. Hole GAR-09-03 was drilled south and collared 100 m east of the Garrcon shaft. This drill hole finished in the historical mine workings on the 73 m level with several flecks of visible gold noted 1 m from the wall of the workings. GAR-09-04 was drilled south and collared 15 m east of the Garrcon shaft with multiple occurrences of visible gold noted in the shaft zones. GAR-09-05 was drilled south and stepped out 30 m east of drill hole GAR-09-04 and 45 m east of the Garrcon shaft.

Northern Gold provided the following highlights of significant assays from the reported drill holes:

  (m) (m) (m)   (g/T)(2)
GAR-09-03 26.0 60.0 34.0 Shaft Zones 1.05 *VG (3)
including 41.5 42.0 0.5 Shaft B 6.39 *VG
and 54.0 60.0 6.0 Shaft B 2.01 * VG
  76.5 78.8 2.3 Shaft C 1.33 * VG
GAR-09-04 29.0 37.5 8.5 Shaft A 1.19 * VG
  44.0 50.0 6.0 Shaft A 1.12 *VG
  76.5 179.0 102.5 Shaft B + C 1.38 *VG
including 113.0 115.0 2.0 Shaft B 12.33 *VG
and 147.0 179.0 32.0 Shaft C 2.25 *VG
including 147.0 148.2 1.2 Shaft C 19.59 *VG
and 151.0 151.7 0.7 Shaft C 17.99 *VG
and 159.0 159.7 0.7 Shaft C 9.20 *VG
GAR-09-05 20.0 103.0 83.0 Shaft A + B 1.00 *VG
including 57.0 63.0 6.0 Shaft A 3.38
and 101.0 102.0 1.0 Shaft B 10.22
  127.0 128.5 1.5 Shaft C 7.25
  207.0 213.0 6.0   1.50 *VG
  1. All widths are downhole thickness
  2. g/T is grams of gold per tonne
  3. Visible gold observed in the interval

The 2009 drill program commenced on 26 October 2009 and was completed on 11 December 2009. The program focused on confirming gold mineralization at the Garrcon shaft area within the North, Shaft, and South zones. During 2009 eleven diamond drill holes totaling 2,333 metres were completed. Northern Gold also reported that the remainder of the assays from the 2009 drill program will be available for release over the next 4 to 8 weeks.


In news release dated 22 January 2010 and 25 January 2010 Northern Gold failed to indicate that the Garrison property is currently 100% owned by ValGold. This was done in error and Northern Gold regrets any confusion that this error may have caused. As has been previously reported by Northern Gold on 14 September 2009, 21 October 2009, and 9 December 2009, Northern Gold is the current project operator and is in the first year of an option agreement under which it is earning its initial 50% interest in the Garrison property from ValGold.

This Press release has been reviewed by Brad Leonard P.Geo., exploration manager for Northern Gold Mining Inc., who is the "Qualified Person" as defined by NI 43-101 for this project.

No regulatory authority has approved or disapproved the information contained in this news release.

Caution concerning forward-looking statements: The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied in the forward-looking information. Factors that may cause actual results to vary include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, political instability, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic condition or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned to not place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events except as may be required under applicable securities laws.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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