Northern Gold Extends Gold Mineralization at Buffonta and Completes Initial Drilling Program
30 Luglio 2013 - 3:56PM
Marketwired Canada
NORTHERN GOLD MINING INC. (TSX VENTURE:NGM) ("Northern Gold" or the "Company")
is pleased to announce the extension of gold mineralization between the Kerr Pit
and Zone 6 open pit and the results of the final fifteen diamond drill holes
completed from surface diamond drilling on its wholly-owned Buffonta Property,
comprised within the Golden Bear Project, 100 km east of Timmins, Ontario.
Drilling assay highlights of the drill holes include:
-- 3.07 g/t Au over 2.0m (319.0 to 321.0m) BUF-13-11
-- 6.90 g/t Au over 1.0m (208.0 to 209.0m) BUF-13-16
-- 1.96 g/t Au over 6.0m (278.0 to 284.0m) BUF-13-18
-- 3.13 g/t Au over 5.0m (174.0 to 179.0m) BUF-13-21
-- 2.71 g/t Au over 3.0m (120.0 to 123.0m) BUF-13-24
-- 1.94 g/t Au over 5.0m (152.0 to 157.0m) BUF-13-24
Drilling
The final fifteen drill holes (BUF-13-10 to BUF-13-24) totaled 5,094 metres.
Fourteen of the fifteen drill holes successfully intersected gold mineralization
at various depths. To date, 24 drill holes were completed and totaled 8,128.5
metres on the Buffonta grid. Assay results for the complete 24 diamond drill
program are now released.
Drill holes BUF-13-10 to BUF-13-17 were collared to target Zone No. 4. BUF-13-10
to BUF-13-11, collared at L25+00 and 50 metres apart, were drilled grid north at
an inclination of -45 degrees, as step outs from the Kerr Pit into Zone No. 4 to
the east. Both holes encountered the kimberlitic structure and quartz
vein/alteration zone with associated gold mineralization. BUF-13-12 to
BUF-13-14, collared at L24+50, were three holes fan-drilled at inclinations of,
-45 degrees grid north, -90 degrees (vertical) and -45 degrees grid south,
respectively. BUF-13-15 and BUF-13-16, collared at L24+00, were two holes
drilled at -90 degrees (vertical), and -45 degrees grid north, respectively. All
holes in Zone No. 4 intersected mineralization and were to trace stratigraphy
and provide information on vein and alteration thickness.
Drill holes BUF-13-17 to BUF-13-20 were collared to target Zone No. 6. BUF-13-17
and BUF-13-18, collared at L23+50, were two holes drilled at -45 degrees grid
north, and -90 degrees (vertical) respectively. BUF-13-19 and BUF-13-20,
collared at L23+00, were two holes drilled at -90 degrees (vertical) and -45
degrees grid north, respectively. All holes in Zone No. 6 intersected
mineralization and were to display an extent of the existing open pit.
Drill holes BUF-13-21 to BUF-13-24 were collared to target Zone No. 5. BUF-13-21
collared at L22+50 and drilled at -45 degrees grid north. BUF-13-22 collared at
L22+00 and drilled at -45 degrees grid north. BUF-13-23 collared at L21+50 and
drilled at -45 degrees grid north. BUF-13-24 collared at L21+00 and drilled at
-45 degrees grid north. All holes in Zone No. 5 intersected significant values
and have extended the historical resources to the south-east.
To date, drilling has confirmed a series of shallow dipping stacked gold
mineralized veins/alteration zones over a minimum strike length of 500 metres
from the Kerr Pit to the south-east, with mineralization open to the north, east
and south. Gold mineralization has been intersected at a vertical depth of over
275 metres. The kimberlitic fault structure shows a south-dipping, E-W trending
fault system interpreted as a conduit for the gold mineralizing fluids. Gold
mineralization occurs on both the hanging wall and footwall of the fault
structure and associated with a highly deformed/alteration zone.
Table 1 - Buffonta Drill Assay Results
---------------------------------------------------------------------------
From Including To Interval Au g/t
Hole ID Zone Section (m) (m) (m) (m) Uncut
---------------------------------------------------------------------------
BUF-13-10 No. 4 Zone L25+00 20 21 1 1.48
---------------------------------------------------------------------------
136 137 1 1.12
---------------------------------------------------------------------------
195 196 1 1.55
---------------------------------------------------------------------------
BUF-13-11 No. 4 Zone L25+00 4 6 2 1.59
---------------------------------------------------------------------------
39 40 1 1.13
---------------------------------------------------------------------------
108.3 114 5.7 0.95
---------------------------------------------------------------------------
113 114 1 2.62
---------------------------------------------------------------------------
120 121 1 1.74
---------------------------------------------------------------------------
164 165 1 1.16
---------------------------------------------------------------------------
228 232 4 1.80
---------------------------------------------------------------------------
247 248 1 1.98
---------------------------------------------------------------------------
263 270 7 0.95
---------------------------------------------------------------------------
290 292 2 1.58
---------------------------------------------------------------------------
319 321 2 3.07
---------------------------------------------------------------------------
BUF-13-12 No. 4 Zone L24+50 57 59 2 1.28
---------------------------------------------------------------------------
110 113 3 0.82
---------------------------------------------------------------------------
112 113 1 1.32
---------------------------------------------------------------------------
BUF-13-13 No. 4 Zone L24+50 135 143 8 1.23
---------------------------------------------------------------------------
135 138 3 2.22
---------------------------------------------------------------------------
137 138 1 1.56
---------------------------------------------------------------------------
141 143 2 1.08
---------------------------------------------------------------------------
186 190 4 1.90
---------------------------------------------------------------------------
188 189 1 2.84
---------------------------------------------------------------------------
244 246 2 2.24
---------------------------------------------------------------------------
244 245 1 3.37
---------------------------------------------------------------------------
359 360 1 1.05
---------------------------------------------------------------------------
BUF-13-14 No. 4 Zone L24+50 26 27 1 1.35
---------------------------------------------------------------------------
145 147 2 1.29
---------------------------------------------------------------------------
145 146 1 1.87
---------------------------------------------------------------------------
BUF-13-15 No. 4 Zone L24+00 No Significant results
---------------------------------------------------------------------------
BUF-13-16 No. 4 Zone L24+00 208 209 1 6.90
---------------------------------------------------------------------------
220 221 1 1.56
---------------------------------------------------------------------------
258 263 5 1.07
---------------------------------------------------------------------------
258 259 1 1.02
---------------------------------------------------------------------------
262 263 1 2.22
---------------------------------------------------------------------------
BUF-13-17 No. 6 Zone L23+50 142 143 1 2.51
---------------------------------------------------------------------------
158 160 2 1.92
---------------------------------------------------------------------------
206 207 1 2.67
---------------------------------------------------------------------------
222 223 1 1.88
---------------------------------------------------------------------------
256 257 1 1.77
---------------------------------------------------------------------------
302 305 3 0.83
---------------------------------------------------------------------------
BUF-13-18 No. 6 Zone L23+50 63 64 1 1.07
---------------------------------------------------------------------------
63.5 64 0.5 1.29
---------------------------------------------------------------------------
230 231 1 3.52
---------------------------------------------------------------------------
243 244 1 1.35
---------------------------------------------------------------------------
253 257 4 1.02
---------------------------------------------------------------------------
254 255 1 1.80
---------------------------------------------------------------------------
278 284 6 1.96
---------------------------------------------------------------------------
278 281 3 2.79
---------------------------------------------------------------------------
278 279 1 4.46
---------------------------------------------------------------------------
279 280 1 2.82
---------------------------------------------------------------------------
283 284 1 2.51
---------------------------------------------------------------------------
BUF-13-19 No. 6 Zone L23+00 43 44 1 1.47
---------------------------------------------------------------------------
224.5 227 2.5 1.49
---------------------------------------------------------------------------
240 241 1 1.55
---------------------------------------------------------------------------
264 265 1 2.06
---------------------------------------------------------------------------
272 281 9 0.97
---------------------------------------------------------------------------
272 274 2 1.40
---------------------------------------------------------------------------
277 281 4 1.31
---------------------------------------------------------------------------
277 278 1 2.24
---------------------------------------------------------------------------
318 319 1 1.14
---------------------------------------------------------------------------
BUF-13-20 No. 6 Zone L23+00 103 104 1 4.57
---------------------------------------------------------------------------
171 172 1 2.54
---------------------------------------------------------------------------
301 303 2 1.29
---------------------------------------------------------------------------
332 333 1 4.55
---------------------------------------------------------------------------
BUF-13-21 No. 5 Zone L22+50 10.3 12 1.7 1.89
---------------------------------------------------------------------------
10.3 11 0.7 3.78
---------------------------------------------------------------------------
174 179 5 3.13
---------------------------------------------------------------------------
174 175 1 4.50
---------------------------------------------------------------------------
177 178 1 1.24
---------------------------------------------------------------------------
178 179 1 9.40
---------------------------------------------------------------------------
BUF-13-22 No. 5 Zone L22+00 163.6 168 4.4 1.44
---------------------------------------------------------------------------
167 168 1 2.13
---------------------------------------------------------------------------
219 220 1 1.38
---------------------------------------------------------------------------
236 238 2 1.60
---------------------------------------------------------------------------
236 237 1 2.24
---------------------------------------------------------------------------
BUF-13-23 No. 5 Zone L21+50 188 189 1 1.25
---------------------------------------------------------------------------
279 282 3 0.80
---------------------------------------------------------------------------
BUF-13-24 No. 5 Zone L21+00 11 12 1 1.05
---------------------------------------------------------------------------
116 123 7 1.82
---------------------------------------------------------------------------
116 119 3 1.40
---------------------------------------------------------------------------
120 123 3 2.71
---------------------------------------------------------------------------
150 157 7 1.61
---------------------------------------------------------------------------
152 157 5 1.94
---------------------------------------------------------------------------
182 183.2 1.2 1.30
---------------------------------------------------------------------------
223 224 1 1.30
---------------------------------------------------------------------------
225 229 4 0.58
---------------------------------------------------------------------------
294 296 2 1.92
---------------------------------------------------------------------------
295 296 1 2.92
---------------------------------------------------------------------------
Notes: Significant assays from 15 drill holes drilled on sections L25+00,
L24+50, L24+00, L23+50, L23+00, L22+50, L22+00, L21+50 and L21+00 east of
the Kerr Pit east towards the No. 5 and 6 Zones. Intervals reported are
downhole lengths; true widths of mineralization are not yet known.
Table 2 - Location and Initial Orientation of Drill Holes
-------------------------------------------------------------------------
Section Section
Line Line Azimuth Inclination
Hole ID Easting Northing (true) (degrees)
-------------------------------------------------------------------------
BUF-13-10 L25+00 100+00 55 degrees -45 degrees
-------------------------------------------------------------------------
BUF-13-11 L25+00 99+50 55 degrees -45 degrees
-------------------------------------------------------------------------
BUF-13-12 L24+50 100+00 55 degrees -45 degrees
-------------------------------------------------------------------------
BUF-13-13 L24+50 100+00 0 degrees -90 degrees
-------------------------------------------------------------------------
BUF-13-14 L24+50 100+00 235 degrees -45 degrees
-------------------------------------------------------------------------
BUF-13-15 L24+00 100+00 0 degrees -90 degrees
-------------------------------------------------------------------------
BUF-13-16 L24+00 100+00 55 degrees -45 degrees
-------------------------------------------------------------------------
BUF-13-17 L23+50 100+00 55 degrees -45 degrees
-------------------------------------------------------------------------
BUF-13-18 L23+50 100+00 0 degrees -90 degrees
-------------------------------------------------------------------------
BUF-13-19 L23+00 100+00 0 degrees -90 degrees
-------------------------------------------------------------------------
BUF-13-20 L23+00 100+00 55 degrees -45 degrees
-------------------------------------------------------------------------
BUF-13-21 L22+50 100+00 55 degrees -45 degrees
-------------------------------------------------------------------------
BUF-13-22 L22+00 100+00 55 degrees -45 degrees
-------------------------------------------------------------------------
BUF-13-23 L21+50 100+00 55 degrees -45 degrees
-------------------------------------------------------------------------
BUF-13-24 L21+00 100+00 55 degrees -45 degrees
-------------------------------------------------------------------------
Buffonta Property drilling cross sections and a drill plan will be posted on the
Company's website at:
http://northerngold.ca/golden-bear-project/buffonta-property
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
Gary Nassif, M.Sc., P.Geo., Manager Exploration Services of Northern Gold and
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 of 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. The recent property acquisitions including the Harker-Holloway
Property and amalgamation with Victory Gold Mines Inc. add to the Company's
regional consolidation strategy along the Destor-Porcupine Fault Zone.
CAUTIONARY STATEMENT: Neither the TSX Venture Exchange ("TSXV") nor its
Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release. No
stock exchange, securities commission or other regulatory authority has approved
or disapproved the information contained herein. This news release contains
forward-looking information which is not comprised of historical facts.
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 objectives, goals or future plans, statements
regarding exploration results and exploration plans. Factors that could cause
actual results to differ materially from such forward-looking information
include, but are not limited to, capital and operating costs varying
significantly from estimates, the preliminary nature of metallurgical test
results, delays in obtaining or failures to obtain required governmental,
environmental or other project approvals, uncertainties relating to the
availability and costs of financing needed in the future, changes in equity
markets, inflation, fluctuations in commodity prices, delays in the development
of projects and the other risks involved in the mineral exploration and
development industry, and 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Northern Gold Mining Inc.
Martin Shefsky
President & Chief Executive Officer
647.297.8793
mrshefsky@gmail.com
Northern Gold Mining Inc.
Eric Szustak
Manager, Business Development
905.330.7948
eszustak@northerngold.ca
www.northerngold.ca
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