Northern Gold Mining Inc.
TSX VENTURE : NGM

Northern Gold Mining Inc.

February 10, 2014 08:05 ET

Northern Gold Reports Hastings Channel Samples at Garrison Project

TORONTO, ONTARIO--(Marketwired - Feb. 10, 2014) - NORTHERN GOLD MINING INC. (TSX VENTURE:NGM) ("Northern Gold" or the "Company") is pleased to announce the results of its summer field exploration program. During the field season of 2013 (May to October) the Company was active in exploring surface gold showings on several of its properties. This press release highlights channel sampling at the Hastings Zone, which is located on the western side of the Garrison Project.

Garrison Gold Property (Hastings Zone)

As announced on Sept 10, 2013 the Company acquired 20 patented mining claims that adjoin the western portion of the Garrison gold property from Lac Properties Inc. a wholly owned subsidiary of Barrick Gold Corp.

The Company's summer exploration program focused on surface mapping and channel sampling of the Hastings Zone; an underexplored high grade gold showing in the central portion of the recently acquired Lac Properties ground. The showing occurs in a similar Temiskaming type sedimentary host rock as the Garrcon deposit which lies 1800m to the east. The Hastings showing is a liner quartz vein and vein arrays striking north and steeply dipping. The vein system is open along strike to the north and along its southern extent is interpreted as terminating along the Destor Porcupine Fault. The mineralized vein system was traced on surface for over 120m and shows mineralized widths from 0.7 to 2.1m. A table of highlighted surface channel results are shown below:

Channel IDs Grade (g/t) Length (m)
H13-4 2.29g/t 0.7m
H14-4,5 3.47g/t 1.9m
H16-3,4 20.56g/t 2.1m
H17-4 3.23g/t 1.0m
H111-3 3.23g/t 0.7m
H113-3 4.14g/t 0.8m
H28-3 2.59g/t 1.2m
H211-3 12.0g/t 0.8m
H212-1 22.0g/t 0.6m
H213-2 4.74g/t 1.0m
H215-3 19.75g/t 1.0m
H216-3 8.04g/t 1.0m
H2S1-2 2.82g/t 1.0m
H2N1-1 5.00g/t 1.0m
H2N2-1 2.54g/t 1.0m

A map of channel results is shown on the Company's website at: http://www.northerngold.ca/sites/default/files/hastings_channels.pdf.

Martin Shefsky, Interim President and CEO of Northern Gold, comments: "The acquisition of the Lac property provides considerable upside exploration potential. These channel samples demonstrate that the Garrcon type metasediments could host additional stockwork mineralization going west, and will form the basis for additional future exploration in this area."

Quality Assurance/Quality Control

Northern Gold has implemented comprehensive, industry standard quality-assurance, quality-control protocols for diamond drilling, core recovery, handling, sampling, shipping and assaying. Details of these best practice principals can be viewed on the Company's website at: http://www.northerngold.ca/QA-QC.php.

The technical aspects of this press release have been reviewed and approved by Michael Gross, M.Sc., P.Geo., the "Qualified Person" as defined by National Instrument 43-101 for the Golden Bear Project.

About Northern Gold

Northern Gold is a TSXV-listed gold company based in Toronto, Ontario. The Company's main focus is the exploration and development of its prospective mineral properties at the Golden Bear Project in the Larder Lake Mining Division, northeastern Ontario. Northern Gold has a portfolio of advanced exploration projects, including the Jonpol and Garrcon Deposits and the Buffonta Property. Recent transactions, including the amalgamation with Victory Gold Mines Inc. and acquisition of the Lac Minerals Property add to the Company's regional consolidation strategy along the Destor-Porcupine Fault Zone.

CAUTIONARY STATEMENT: Neither the 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking statements are characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, Northern Gold's strategic partnership and issuances of securities, and is based on, among other things, the opinions and assumptions of management considered reasonable as of the date of this news release. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required regulatory approvals, changes in equity markets, fluctuations in commodity prices, and other risks involved in the mineral exploration and development industry, including those risks set out in Northern Gold's public documents filed on SEDAR. Although Northern Gold believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Northern Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Contact Information