Northern Gold Hits 56.1 Metres of 2.14 g/t Gold Including 3.4 Metres of 16.9 g/t and 1.2 Metres of 36.6 g/t on the Garrison Property East of Timmins
- GAR-09-01: 22.0 m grading 4.21 g/t Au including 11.2 m grading 7.03 g/t Au - GAR-09-02: 56.1 m grading 2.14 g/t Au including 3.4 m grading 16.9 g/t Au and 1.2 m grading 36.6 g/t Au - GAR-09-02: 29.4 m grading 1.05 g/t Au
8:32 AM ET, December 9, 2009
TORONTO, ONTARIO, Dec 09, 2009 (MARKETWIRE via COMTEX) -- Northern Gold Mining Inc. ("Northern Gold" or "the Company") (TSX VENTURE: NGM) announces preliminary drill results for the first two holes of its diamond drilling program on the Garrison gold property. The Company is in the first year of an option agreement under which it is earning its interest in the Garrison gold property from ValGold Resources Ltd. (VAL). For more information on the option agreement, please see the Company's news release dated 14 September 2009.
Drilling, which commenced on 26 October 2009, has been focused on confirming gold mineralization at the Garrcon Zone, within the subcomponents of the overall Garrcon Zone, namely the North, Shaft and South zones as defined in the Company's NI 43-101 report filed on SEDAR on 21 October 2009. To date 2,046 metres have been drilled in 10 holes. The NI 43-101 technical report recommended that a study of the Garrcon Zone be completed to formulate a program and budget to test the potential for bulk tonnage, open-pit mining. The report suggested that the Garrcon Zone has the potential to host a bulk tonnage target of up to 30 million tonnes ranging in grade from 1 to 3 grams per tonne gold. The potential quantity and grade is conceptual in nature and as a result it is uncertain if further exploration will result in the discovery of a mineral resource.
Analyses have only been received for the first two holes, but multiple occurrences of visible gold have been observed as fine dissemination in each of the first five holes logged to date and visible gold was also observed in 18 separate intervals in hole GAR-09-02, 15 of which were from the Shaft zone. GAR-09-01 was designed to test the North zone and GAR-09-02 was drilled 125 metres south of GAR-09-01 and targeted the Shaft and North zones. The following table highlights the various high grade intersections in both holes:
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HOLE ID FROM TO WIDTH ZONE GRADE
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GAR-09-01 127.1 149.1 22.0m North DZ+A 4.21g/t (i)VG
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including 127.1 128.8 1.7m North A 3.88g/t (i)VG
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and 137.9 149.1 11.2m North DZ 7.03g/t
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including 144.5 145.3 0.9m 52.3g/t
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GAR-09-02 21.3 77.4 56.1m Shaft C1-A1 2.14g/t
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including 21.3 22.3 1.0m Shaft C1 11.0g/t (i)VG
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and 30.4 32.4 2.0m Shaft B2 9.44g/t (i)VG
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and 72.8 76.2 3.4m Shaft A2 16.9g/t (i)VG
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including 75.0 76.2 1.2m 36.6g/t (i)VG
--------------------------------------------------
GAR-09-02 199.8 229.2 29.4m North Deep A 1.05g/t (i)VG
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including 217.0 218.0 1.0m 4.84g/t
--------------------------------------------------
and 228.8 229.2 0.4m 6.54g/t (i)VG
--------------------------------------------------
Note: All widths are downhole thickness; (i)VG-visible gold observed in
sample interval
- GAR-09-01: 22.0 m grading 4.21 g/t Au including 11.2 m grading 7.03 g/t Au - GAR-09-02: 56.1 m grading 2.14 g/t Au including 3.4 m grading 16.9 g/t Au and 1.2 m grading 36.6 g/t Au - GAR-09-02: 29.4 m grading 1.05 g/t Au
8:32 AM ET, December 9, 2009
TORONTO, ONTARIO, Dec 09, 2009 (MARKETWIRE via COMTEX) -- Northern Gold Mining Inc. ("Northern Gold" or "the Company") (TSX VENTURE: NGM) announces preliminary drill results for the first two holes of its diamond drilling program on the Garrison gold property. The Company is in the first year of an option agreement under which it is earning its interest in the Garrison gold property from ValGold Resources Ltd. (VAL). For more information on the option agreement, please see the Company's news release dated 14 September 2009.
Drilling, which commenced on 26 October 2009, has been focused on confirming gold mineralization at the Garrcon Zone, within the subcomponents of the overall Garrcon Zone, namely the North, Shaft and South zones as defined in the Company's NI 43-101 report filed on SEDAR on 21 October 2009. To date 2,046 metres have been drilled in 10 holes. The NI 43-101 technical report recommended that a study of the Garrcon Zone be completed to formulate a program and budget to test the potential for bulk tonnage, open-pit mining. The report suggested that the Garrcon Zone has the potential to host a bulk tonnage target of up to 30 million tonnes ranging in grade from 1 to 3 grams per tonne gold. The potential quantity and grade is conceptual in nature and as a result it is uncertain if further exploration will result in the discovery of a mineral resource.
Analyses have only been received for the first two holes, but multiple occurrences of visible gold have been observed as fine dissemination in each of the first five holes logged to date and visible gold was also observed in 18 separate intervals in hole GAR-09-02, 15 of which were from the Shaft zone. GAR-09-01 was designed to test the North zone and GAR-09-02 was drilled 125 metres south of GAR-09-01 and targeted the Shaft and North zones. The following table highlights the various high grade intersections in both holes:
--------------------------------------------------
HOLE ID FROM TO WIDTH ZONE GRADE
--------------------------------------------------
GAR-09-01 127.1 149.1 22.0m North DZ+A 4.21g/t (i)VG
--------------------------------------------------
including 127.1 128.8 1.7m North A 3.88g/t (i)VG
--------------------------------------------------
and 137.9 149.1 11.2m North DZ 7.03g/t
--------------------------------------------------
including 144.5 145.3 0.9m 52.3g/t
--------------------------------------------------
GAR-09-02 21.3 77.4 56.1m Shaft C1-A1 2.14g/t
--------------------------------------------------
including 21.3 22.3 1.0m Shaft C1 11.0g/t (i)VG
--------------------------------------------------
and 30.4 32.4 2.0m Shaft B2 9.44g/t (i)VG
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and 72.8 76.2 3.4m Shaft A2 16.9g/t (i)VG
--------------------------------------------------
including 75.0 76.2 1.2m 36.6g/t (i)VG
--------------------------------------------------
GAR-09-02 199.8 229.2 29.4m North Deep A 1.05g/t (i)VG
--------------------------------------------------
including 217.0 218.0 1.0m 4.84g/t
--------------------------------------------------
and 228.8 229.2 0.4m 6.54g/t (i)VG
--------------------------------------------------
Note: All widths are downhole thickness; (i)VG-visible gold observed in
sample interval
