SOURCE: NT Mining Corporation

July 06, 2010 11:12 ET

NT Mining Provides Update on Latest Acquisition

LAS VEGAS, NV--(Marketwire - July 6, 2010) - NT Mining Corporation (PINKSHEETS: NTMG) (the Company) would like to provide additional information to its shareholders on its recent acquisition of the Valentine Mountain project previously owned by Mill Bay Ventures Inc. and based on a 3-year lease-to-own agreement.

The property is located 40 miles west of Victoria on southern Vancouver Island, BC and covers approximately 7,084 acres (2,867 hectares) along a trend estimated at 7km long and 500m wide. The property hosts a historic mineral resource, known as the Discovery Zone, with an estimated 30,660 tonnes grading 14.7 grams (0.473 ounces) of gold per tonne (Pre NI 43-101). The claims also host one gold quartz vein developed prospect, known as the Braiteach zone, and at least six additional gold quartz vein occurrences. The exploration target model for the property is the Bralorne Gold Mine of south-central British Columbia, with past production of 7.3 million tonnes averaging 18 grams of gold per tonne. This historic operation yielded 129 million grams, or 4.2 million ounces of gold over its long mine life. 

The Valentine Mountain area was first mined in the 1860s, when placer gold was discovered in its numerous stream drainages. According to historical accounts, nuggets up to 1 ounce and a total production of 10,000-20,000 ounces of gold may have been sluiced from gravel/bedrock contacts along gravel bars of the Leech River. More recently, Valentine Mountain has been explored sporadically since 1976, including work conducted by Canadian resource companies Falconbridge Ltd. and Noranda Inc. Results over this period have included a number of high-grade showings in trenching and diamond drilling.

About NT Mining Corporation:
NT Mining Corporation is an exploration and development company conducting operations through its wholly owned Canadian subsidiary "Bullmoose Mines Ltd. The company's primary asset is the former producing "Bullmoose Gold Mine." The company plans to re-activate the mine upon completion of the necessary financing and commence operations in the summer of 2010. The mine consists of one mineral lease of 395 acres and 4 mineral claims of 4,771 acres, totaling 5,166 acres. Historical reports show a potential reserve of 1 million ounces of gold (Ross Grunwald P.Eng., 1984) is possible on the mineral lease. Management believes with the expanded area of 4 additional mining claims in 2007, upon completion of expanded drilling programs over the new claims, and on existing known vein structures, a potential of 3 million ounces of gold reserve is possible at the Bullmoose mine. To view a Geological technical report on the property, please click on the following link: http://ntminingcorp.com/reports/MitchellReport2008.pdf

Safe Harbor Statement:
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 -- forward-looking statements concerning plans, objectives, goals, strategies, future events of performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and services demand and acceptance, changes in technology and in economic, political and regulatory conditions and to all of the risks generally associated with a company at NT Mining Corp.'s stage of development. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

Contact Information