Northern Lion Gold Corp.

Northern Lion Gold Corp.

September 09, 2010 11:00 ET

Northern Lion Gold Corp.: Gold Grades up to 30.8 g/t Sampled on Western Permits, Cyprus

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 9, 2010) - Northern Lion Gold Corp. (TSX VENTURE:NL)(FRANKFURT:N3E) (the "Company" or "Northern Lion") wishes to provide this update on the 2010 exploration programs for the Company's exploration projects in Cyprus.

The Republic of Cyprus

The first phase of the 2010 exploration program on the Company's Cyprus projects has now been completed. Outstanding surface sampling results and the drill core analyses are anticipated shortly and will be used as the basis for the 2010/2011 program.

Concurrently with the drill program recently announced (July 27, 2010), grid sampling and mapping programs were initiated on two of the Company's western permits, the Evoloimeni and Asproyia targets.

On the Evoloimeni property a small pit approximately 75m by 125m had been partially excavated while testing for copper and pyrite bodies. This project is located to the southeast of and along the same trend as the old Limni orebody which was mined in the 1930's. Limni was one of the larger orebodies on the island and a total of approximately 4.2 million tonnes of material at a grade of 1.4% copper was produced from this operation. A program of chip and channel sampling was carried out over the exposures in the pit and along trend to the southeast. Significant results from this work are included in the table below. Highlights of this sampling include 1.13g/t gold over 22.6m across the bench and grabs of up to 30.8 g/t gold from the wall of the upper bench. This high-grade gold value occurs in an intensely argillic altered selvage around a pillow basalt, with minor very fine grained pyrite and trace chalcopyrite. A chip sample across the face containing the high-grade sample assayed 2.06g/t gold over 10.7m.

Sample # Width   Type Au g/t
12242 3.4   chip 1.205
12243 3   chip 1.11
12244     grab select 8.87
12247 1.1   chip 3.85
12248 0.8   chip 1.465
12249 5   chip 1.925
12254 1.2   chip 2.67
12257 5   chip 1.04
12258 4.2   chip 1.035
12260 5   chip 1.255
12261 2.9   chip 2.61
12263     grab select 2.71
12266 4   chip 2.78
12267 4.4   chip 1.255
12268 5   chip 2.94
12269     grab select 30.8
12270 5.7   chip 1.285
12271     grab select 2.72
12273 3.2   chip 1.26
12280 1.7   chip 1.24
12281     grab select 10.3
12286     grab 2.3
12295 1   grabs 3.93
12296 3.8   chip 4.6
12299     grabs 1.68
12300 3.8   chip 1.255
12301 5   chip 1.05
12311 3   chip 1.26
12317 3.5   chip 1.04
12318 10   grabs 2.04

Grid based soil sampling was initiated to the southeast of the pit and covers an area of 1,200m by 800m along the extension of the trend. The sampling has been completed and all samples are now in the lab. Gold values up to 1.7g/t have been received from the initial phase of soil sampling. Rock sampling has returned values up to 2.5g/t gold as far as 800m to the southeast of the pit.

At Asproyia previous regional soil sampling had shown widespread anomalous copper and gold values. These clustered over an area approximately 1,000m east west by 800m north south. Results of the grid soil sampling have returned gold values up to 1.2g/t and copper values up to 1.5%.

The copper values form a west northwesterly band across the top of the grid approximately 800m by 200m with values up to 0.57%. A second zone of anomalous values runs north south through the center of the grid area on 2 lines for the entire 800m length of the lines.

The 1.2g/t gold value is located at the northwest edge of the grid and will require additional lines to the west to fully delineate this anomaly. Adjacent samples of 0.88 and 0.53g/t gold were located in the northeast portion of the grid along with four additional samples of greater than 0.1g/t gold over an area of 200m by 100m. Another cluster of anomalous soil gold values covers an area of 500m by 200m on the southern edge of the grid, with values of up to 0.35g/t gold.


The history of mineral exploitation (copper, gold and other metals) on the island of Cyprus dates back to the Bronze Age, approximately 5,000 years ago. The Phoenicians were the first to process copper on the island, followed by the Romans and this activity has continued to the present day. The evidence of this long history of mining is readily observed in the abundant ancient surface and underground workings along with extensive slag heaps. Mineral exploration in the Republic of Cyprus has been at a very low level over the last few decades, and management believes that there is a high probability of additional massive sulphide bodies being present that did not outcrop, as nearly all of the known deposits did.

The metal deposits of Cyprus are dominantly copper-bearing volcanogenic hosted massive sulphide "VHMS" deposits. These deposits are hosted within the pillow lava sequence of the Troodos Ophiolite Complex. The pillow lava sequence is divided into Upper and Lower Pillow Lavas, with the majority of massive sulphide bodies located along the contact between pillow lava sequences, and the remainder between the Lower Pillow Lavas and the Basal Group. All of the Company's applications overlie these important contacts. Gold mineralization associated with the massive sulphide ores has not historically been evaluated.

Quality Control and Assurance

The Company's field activities in Cyprus are under the direction of Jim Chapman, P.Geo. (BC), consultant to the Company and "qualified person", as defined by National Instrument 43-101, who is responsible for the technical content of this news release.

About Northern Lion

Northern Lion Gold Corp. is a Canadian mineral exploration company, listed on the TSX Venture Exchange and the Frankfurt Exchange. The Company is committed to building a strong portfolio of projects within mining-friendly and infrastructure-rich areas of Europe.

In addition to its exploration permits in Cyprus the Company holds a 100% interest in its Moura Licence in Portugal and a 100% interest in two projects in the historic Bergslagen mining district of southern Sweden.


John Lando, President

This news release includes "forward-looking information", as such term is defined in applicable securities laws. The forward-looking information includes, without limitation, the success of exploration activities and other similar statements concerning anticipated future events, conditions or results that are not historical facts. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward-looking information is inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among others, risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the Company's limited operating history; the need to comply with environmental and governmental regulations; potential defects in title to the Company's properties; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; and other risks and uncertainties. Accordingly, actual future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. All statements are made as of the date of this news release and, except as required by law, the Company is under no obligation to update or alter any forward-looking information.

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 news release.

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