NAI

Northern Abitibi Mining Corp. ("Northern Abitibi") (TSX VENTURE:NAI) is pleased
to provide assay results for drill holes 116 to 121 from its ongoing drill
program at the Viking gold property in Newfoundland. 


Drilling Program

Holes 116 to 121 are all expansion holes testing the lateral and depth extension
of the Thor Trend. All of the holes intersected the mineralized zone at its
target depth and have expanded the known area of gold mineralization. Results
from holes 116 to 121 are summarized in the table below. 


Holes 116 and 118 to 121 have all intersected significant zones of low grade
gold mineralization including 65.3 metres grading 0.5 grams per tonne (g/t) gold
in hole 121, and 52.1 metres grading 0.5 g/t gold in hole 120. Hole 121 also
intersected 3 narrow high grade veins which returned 20.2 g/t gold over 0.3
metres, 10.2 g/t gold over 0.3 metres, and 10.9 g/t gold over 0.2 metres.




             Summary of select drill intercepts - Viking Project            
                                                                            
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                                                            Width           
Drill Hole                            From (m)    To (m)    (m)(i)   Au g/t 
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Hole 116                                109.0     119.5      10.5       0.4 
----------------------------------------------------------------------------
Hole 116                                180.0     190.1      10.1       0.6 
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Hole 116                                200.1     201.1       1.0       1.8 
----------------------------------------------------------------------------
Hole 118                                 14.6      40.5      25.9       0.6 
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Hole 119                                 90.2     101.1      10.9       0.5 
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Hole 120                                162.1     214.2      52.1       0.5 
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Hole 121                                 99.0     164.3      65.3       0.5 
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including                               141.7     142.0       0.3      20.2 
----------------------------------------------------------------------------
including                               147.8     148.1       0.3      10.2 
----------------------------------------------------------------------------
including                               164.0     164.3       0.3      10.9 
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(i) The true widths of the mineralized intercepts have not been determined  



Hole 122 and 123 are the final 2 holes drilled into the Thor Trend. The holes
have been logged and sampled and results are expected within the next few weeks.
The drill has now moved off the Thor Trend and is testing new target areas on
the property.


Trenching Program

Three new trenches have been completed along the north eastern end of the Viking
Trend, located roughly 2 kilometres west of the Thor Trend. A new zone of
alteration and mineralization has been uncovered over an area 400 metres long by
100 metres wide and the zone remains open along strike. Surface sampling
indicates the entire zone contains anomalous gold with values ranging from trace
to 1 g/t, and several high grade gold veins have been identified. Channel
sampling across the higher grade veins has returned values of 9.9 g/t gold and
52 g/t silver over 1.4 metres, 5.2 g/t gold over 1 metre, 3 g/t gold and 17.3
g/t silver over 1.1 metres, and a grab sample of a mineralized vein returned 10
g/t gold and 8.1 g/t silver. Drill testing at this new mineralized zone is
currently underway.


Trenching is continuing along the western side of the Viking property, targeting
induced polarization chargeability anomalies. 


Exploration Update 

An induced polarization geophysical survey has been completed at Viking and
preliminary results for 7 of 19 lines surveyed have been received by the
company. Significant chargeability anomalies have been identified on the western
side of the property and these are being trenched and prepared for drill
testing. Further details of the induced polarization survey will be released
after all the results have been received and interpreted.


The Viking Property - The Viking Property contains numerous high grade veins
within larger bulk tonnage style zones of gold mineralization located within a 3
to 4 kilometre long gold-in-soil anomaly. Drilling highlights include high grade
intercepts of 5.75 metres grading 33.7 g/t gold, 3.7 metres grading 50.1 g/t
gold, 0.5 metres grading 218.8 g/t gold as well as lower grade intercepts
including 27 metres grading 7.9 g/t gold, 23.0 metres grading 5.1 g/t gold, and
57.4 metres grading 2.8 g/t gold. The Thor Trend contains an uncut Inferred
Mineral Resource containing 131,511 ounces of gold, is located in the mining
friendly jurisdiction of Newfoundland and Labrador, and has excellent access and
local infrastructure, with a paved highway and power line located less than one
kilometre from the project. Northern Abitibi has a 100% property interest in the
Viking project subject to a 2% to 4% sliding scale net smelter royalty held by
Altius Resources. A detailed description of the Viking project is available on
our website (www.naminco.ca).


Quality Control

All drill core is logged, photographed, and cut in half with a diamond saw. Half
of the core is bagged and sent to Eastern Analytical for analyses while the
other half is archived and stored on site for verification and reference
purposes. Gold is assayed by standard fire assay methods with additional
elements analyzed by Induced Coupled Plasma (ICP). Samples with greater than 5
g/t gold and samples containing visible gold are re-assayed using a metallic
sieve procedure to reduce the nugget effect created by free gold particles in
the samples.


Duplicate samples, blanks, and certified standards are included with every
sample batch and then checked to ensure proper quality assurance and quality
control (QA/QC). Select samples are also sent to an outside laboratory for
independent analyses as part of a check assay procedure. 


Northern Abitibi

Northern Abitibi's technical team of experienced, professional geologists is
committed to assembling and advancing a portfolio of gold and base metal
projects from opportunities within Canada, Mexico and the United States.
Northern Abitibi is focused on identifying high potential North American
projects and exploring and developing them in a responsible and cost-effective
manner.


Dr. Shane Ebert, P.Geo., is the Qualified Person responsible for the preparation
of this news release. 


Shane Ebert, President/Director

Except for the historical and present factual information contained herein, the
matters set forth in this news release, including words such as "expects",
"projects", "plans", "anticipates" and similar expressions, are forward-looking
information that represents management of Northern Abitibi's internal
projections, expectations or beliefs concerning, among other things, future
operating results and various components thereof or the economic performance of
Northern Abitibi. The projections, estimates and beliefs contained in such
forward-looking statements necessarily involve known and unknown risks and
uncertainties, which may cause Northern Abitibi's actual performance and
financial results in future periods to differ materially from any projections of
future performance or results expressed or implied by such forward-looking
statements. These risks and uncertainties include, among other things, those
described in Northern Abitibi's filings with the Canadian securities
authorities. Accordingly, holders of Northern Abitibi shares and potential
investors are cautioned that events or circumstances could cause results to
differ materially from those predicted. Northern Abitibi disclaims any
responsibility to update these forward-looking statements.

Grafico Azioni Northern Abitibi Mining Corp. (TSXV:NAI)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Northern Abitibi Mining Corp. (TSXV:NAI)
Storico
Da Giu 2023 a Giu 2024