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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| TSXV:NGM | TSX Venture | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0 | - |
Hot Features
Premium
NORTHERN GOLD MINING INC. (TSX VENTURE:NGM) ("Northern Gold" or the "Company")
is pleased to announce results from 21 diamond drill holes from its surface
diamond drilling program on the Garrcon Deposit of the Golden Bear Project, 100
km east of Timmins, Ontario. The 21 drill holes totaled 9,484 metres.
Drill assay highlights for the drill holes include:
-- 4.79 g/t Au over 10.0m (181.0 to 191.0m) GAR-12-207
-- 38.35 g/t Au over 8.0m (287.0 to 295.0m) GAR-12-213
-- 4.79 g/t Au over 7.0m (293.0 to 300.0m) GAR-12-237
-- 7.90 g/t Au over 5.0m (572.0 to 577.0m) GAR-12-261
Martin Shefsky, President and CEO of Northern Gold, comments: "These results
represent the balance of the drilling program at Garrcon. Mineralized intercepts
from infill drilling in the upper portions of the main Garrcon deposit confirm
previous drilling and should increase resource confidence. New higher grade
mineralized intercepts below the existing resource show potential for resource
expansion."
Garrcon Shaft Zone
Drill holes GAR-12-206, 207, 213, 246, 251, 252, 254 were vertical and angled
infill drill holes in the central portion of the Garrcon Shaft Zone. The
vertical holes targeted deeper mineralization below the proposed pit floor to
investigate down dip potential as seen in holes GAR-12-204, 205 (press released
May 9, 2012 and January 31, 2013, respectively). Grades in the upper portions of
these holes largely agreed with previous drilling and will increase resource
confidence; several higher grade intercepts intersected below the proposed pit
floor show potential for deeper mineralized zones. The intersection of bonanza
type grades in hole GAR-12-213 exhibits one of the richer portions within the
deposit.
Garrcon North Zone/Green Zone
Drill holes GAR-11-172, GAR-12-226-228, 237, 250, 253, 270 were drilled to
target mineralization around the periphery of the Garrcon deposit in the North
Zone and/or Green zone horizons. Numerous narrower zones of mineralization were
intersected.
Garrcon East
Drill holes GAR-12-261, 266-268 were angled drill holes designed to test the
strike extension of shaft zone type mineralization along the footwall of the
Destor-Porcupine fault. Each of the holes intersected deep gold mineralization
in metasediment near the contact. This is largely viewed as the down plunge
extension of the Garrcon shaft zone and has extended the total strike length to
1,600 metres.
Drill holes GAR-12-242X and 229 tested shallow mineralization along the Garrcon
north contact but intersected only anomalous values.
Table 1 - Garrcon Assay Results (i) - These results are significant drill assays
from 21 drill holes on the Garrcon Deposit.
----------------------------------------------------------------------------
Inc. Interval Au g/t Au g/t
Hole Zone SectionFrom (m) (m)To (m) (m) Un-Cut Cut
----------------------------------------------------------------------------
GAR-11-172 Green Zone 8+00W 30.0 40.0 10.0 1.26
---------------------------------------------
63.0 64.0 1.0 4.49
---------------------------------------------
378.0 379.0 1.0 2.06
---------------------------------------------
405.0 408.0 3.0 4.56
---------------------------------------------
448.0 449.0 1.0 1.79
----------------------------------------------------------------------------
GAR-12-206 Garrcon 11+75W
Shaft Zone 52.0 53.0 1.0 9.96
---------------------------------------------
75.0 76.0 1.0 1.17
---------------------------------------------
150.0 213.0 63.0 0.84
---------------------------------------------
219.0 220.0 1.0 14.50
---------------------------------------------
390.0 391.0 1.0 7.50
---------------------------------------------
430.0 431.0 1.0 7.13
----------------------------------------------------------------------------
GAR-12-207 Garrcon 11+75W
Shaft Zone 139.0 173.6 34.6 1.03
---------------------------------------------
181.0 191.0 10.0 4.79
---------------------------------------------
187.0 191.0 4.0 9.82
---------------------------------------------
213.0 214.0 1.0 48.75 34.28
---------------------------------------------
258.0 259.0 1.0 2.68
---------------------------------------------
317.0 318.0 1.0 1.71
---------------------------------------------
328.0 329.0 1.0 55.18 34.28
----------------------------------------------------------------------------
GAR-12-213 Garrcon 11+25W
Shaft Zone 39.0 40.0 1.0 1.87
---------------------------------------------
150.0 151.0 1.0 1.79
---------------------------------------------
161.0 166.0 5.0 1.65
---------------------------------------------
174.0 175.0 1.0 2.56
---------------------------------------------
189.0 206.0 17.0 2.61
---------------------------------------------
218.0 229.0 11.0 1.36
---------------------------------------------
245.0 246.0 1.0 9.79
---------------------------------------------
280.0 281.0 1.0 28.78
---------------------------------------------
287.0 295.0 8.0 38.35 19.80
---------------------------------------------
290.0 292.0 2.0 108.48 34.28
---------------------------------------------
309.0 325.0 16.0 0.89
---------------------------------------------
425.0 426.0 1.0 2.02
---------------------------------------------
484.0 485.0 1.0 1.86
---------------------------------------------
494.0 495.0 1.0 1.47
---------------------------------------------
499.0 500.0 1.0 6.58
----------------------------------------------------------------------------
GAR-12-226 Garrcon 16+75W
North
Zone/Green
Zone 310.0 311.0 1.0 1.85
---------------------------------------------
466.0 467.0 1.0 1.75
---------------------------------------------
478.0 481.0 3.0 2.31
----------------------------------------------------------------------------
GAR-12-227 Garrcon 17+25W
North
Zone/Green
Zone 20.0 21.0 1.0 10.67
---------------------------------------------
176.0 177.0 1.0 7.54
---------------------------------------------
189.0 190.0 1.0 2.00
---------------------------------------------
236.0 237.0 1.0 2.74
---------------------------------------------
431.0 433.0 2.0 1.59
---------------------------------------------
459.0 462.0 3.0 1.18
---------------------------------------------
491.0 492.0 1.0 1.44
----------------------------------------------------------------------------
GAR-12-228 Garrcon 14+75W
North
Zone/Green
Zone 220.0 221.0 1.0 3.12
---------------------------------------------
284.0 285.0 1.0 1.26
---------------------------------------------
335.0 336.0 1.0 1.43
---------------------------------------------
359.0 370.0 11.0 0.89
----------------------------------------------------------------------------
GAR-12-229 Garrcon 0+50W
East 115.0 116.0 1.0 1.47
----------------------------------------------------------------------------
GAR-12-237 Green Zone 6+50W 159.0 160.0 1.0 2.28
---------------------------------------------
283.0 284.0 1.0 5.97
---------------------------------------------
293.0 300.0 7.0 4.79
---------------------------------------------
293.0 294.0 1.0 6.64
---------------------------------------------
298.0 298.0 1.0 15.41
---------------------------------------------
306.0 307.0 1.0 3.30
----------------------------------------------------------------------------
GAR-12-242X Garrcon 0+50E
East 199.0 200.0 1.0 2.14
----------------------------------------------------------------------------
GAR-12-246 Garrcon 6+00W
Shaft Zone 177.0 208.0 31.0 0.61
---------------------------------------------
268.0 270.0 2.0 1.60
---------------------------------------------
311.0 312.0 1.0 1.70
---------------------------------------------
406.0 409.0 3.0 1.47
----------------------------------------------------------------------------
GAR-12-250 Green Zone 5+00W 320.0 336.0 16.0 1.04
---------------------------------------------
342.0 343.0 1.0 1.91
---------------------------------------------
356.0 357.0 1.0 8.53
----------------------------------------------------------------------------
GAR-12-251 Garrcon 9+75W
Shaft Zone 48.0 50.0 2.0 1.18
---------------------------------------------
94.0 95.0 1.0 2.11
---------------------------------------------
107.0 110.0 3.0 1.11
---------------------------------------------
157.0 158.0 1.0 1.21
----------------------------------------------------------------------------
GAR-12-252 Hangingwall 10+75W NSV
----------------------------------------------------------------------------
GAR-12-253 Garrcon 10+75W
North
Zone/Green
Zone 57.0 62.0 5.0 1.50
---------------------------------------------
157.0 158.0 1.0 1.05
---------------------------------------------
210.0 222.0 12.0 0.59
---------------------------------------------
213.0 214.0 1.0 3.26
---------------------------------------------
227.0 234.0 7.0 0.74
---------------------------------------------
307.0 345.0 38.0 1.71
---------------------------------------------
359.0 360.0 1.0 1.53
---------------------------------------------
419.0 425.0 6.0 1.62
---------------------------------------------
419.0 420.0 1.0 4.63
---------------------------------------------
431.0 432.0 1.0 1.35
----------------------------------------------------------------------------
GAR-12-254 Garrcon 13+50W
North
Zone/Green
Zone 17.0 19.0 2.0 1.86
---------------------------------------------
25.0 37.0 12.0 1.43
---------------------------------------------
45.0 71.0 26.0 0.67
---------------------------------------------
174.0 175.0 1.0 10.78
---------------------------------------------
288.0 325.0 37.0 1.12
---------------------------------------------
307.0 308.0 1.0 3.67
---------------------------------------------
322.0 323.0 1.0 8.85
---------------------------------------------
403.0 404.0 1.0 2.61
----------------------------------------------------------------------------
GAR-12-261 Garrcon 4+50W
East 481.0 482.0 1.0 3.65
---------------------------------------------
534.0 538.0 4.0 1.07
---------------------------------------------
548.0 556.0 8.0 1.17
---------------------------------------------
566.0 579.0 13.0 4.62
---------------------------------------------
572.0 577.0 5.0 7.90
----------------------------------------------------------------------------
GAR-12-266 Garrcon 0+50E
East 487.0 488.0 1.0 1.51
---------------------------------------------
505.0 546.0 41.0 0.81
---------------------------------------------
505.0 511.0 6.0 1.32
---------------------------------------------
528.0 534.0 6.0 1.25
---------------------------------------------
543.0 546.0 3.0 3.32
----------------------------------------------------------------------------
GAR-12-267 Garrcon 2+50E
East 359.0 360.0 1.0 1.11
---------------------------------------------
501.0 513.0 12.0 1.78
---------------------------------------------
504.0 507.0 3.0 3.26
---------------------------------------------
509.0 510.0 1.0 3.45
---------------------------------------------
525.0 529.0 4.0 1.83
---------------------------------------------
554.0 556.0 2.0 2.25
---------------------------------------------
561.0 572.0 11.0 1.25
----------------------------------------------------------------------------
GAR-12-268 Garrcon 0+50E
East 234.0 237.0 3.0 2.07
---------------------------------------------
268.0 278.0 10.0 0.82
---------------------------------------------
312.0 317.0 5.0 0.93
---------------------------------------------
329.0 332.0 3.0 1.36
---------------------------------------------
378.0 379.0 1.0 2.66
---------------------------------------------
385.0 388.0 3.0 1.89
----------------------------------------------------------------------------
GAR-12-270 Garrcon 4+00W
North
Zone/Green
Zone 62.0 63.0 1.0 1.08
----------------------------------------------------------------------------
Notes
-- reported intervals are downhole lengths and not true widths. High grade
assays are cut to 34.28 g/t Au
-- NSV - no significant values
-- intervals may be rounded to the nearest 0.1 metre
-- (i)hole GAR-12-242X is an extension of GAR-12-242 starting at 189 metres
and extended 108 metres for a total length of 297 metres
Table 2 - Location and Initial Orientation of Drill Holes
----------------------------------------------------------------------------
Section Line Section Line Azimuth Inclination
Hole ID West North Length (True) (degrees)
----------------------------------------------------------------------------
GAR-11-172 8+00W 10+50N 479 0 -90
----------------------------------------------------------------------------
GAR-12-206 11+75W 10+25N 576 0 -90
----------------------------------------------------------------------------
GAR-12-207 11+75W 10+75N 537 0 -90
----------------------------------------------------------------------------
GAR-12-213 11+25W 9+25N 507 0 -90
----------------------------------------------------------------------------
GAR-12-226 16+75W 10+75N 490 353 -70
----------------------------------------------------------------------------
GAR-12-227 17+25W 10+75N 552 342 -70
----------------------------------------------------------------------------
GAR-12-228 14+75W 10+50N 531 334 -70
----------------------------------------------------------------------------
GAR-12-229 0+50W 8+50N 285 329 -45
----------------------------------------------------------------------------
GAR-12-237 6+50W 11+50N 388 0 -90
----------------------------------------------------------------------------
GAR-12-242X 0+50E 8+00N 108 330 -45
----------------------------------------------------------------------------
GAR-12-246 6+00W 9+25N 441 167 -75
----------------------------------------------------------------------------
GAR-12-250 5+00W 11+50N 384 0 -90
----------------------------------------------------------------------------
GAR-12-251 9+75W 8+75N 199 338 -45
----------------------------------------------------------------------------
GAR-12-252 10+75W 8+75N 183 337 -45
----------------------------------------------------------------------------
GAR-12-253 10+75W 8+75N 471 160 -45
----------------------------------------------------------------------------
GAR-12-254 13+50W 10+00N 549 332 -70
----------------------------------------------------------------------------
GAR-12-261 4+50W 11+50N 752 160 -60
----------------------------------------------------------------------------
GAR-12-266 0+50E 11+50N 582 160 -60
----------------------------------------------------------------------------
GAR-12-267 2+50E 11+50N 627 156 -60
----------------------------------------------------------------------------
GAR-12-268 0+50E 10+50N 405 158 -60
----------------------------------------------------------------------------
GAR-12-270 4+00W 11+50N 438 0 -90
----------------------------------------------------------------------------
The Garrcon drill plan and cross sections will be posted on the Company's
website at: http://northerngold.ca/golden-bear-project/garrcon-deposit.
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:
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 at 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. Recent transactions, including the Harker-Holloway Property option,
the amalgamation with Victory Gold Mines Inc. and the acquisition from Lac
Properties, add to the Company's regional consolidation strategy along the
Destor-Porcupine Fault Zone.
CAUTIONARY STATEMENT: 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 release.
No stock exchange, securities commission or other regulatory authority has
approved or disapproved of the information contained herein. This news release
contains forward-looking information which is not comprised of historical facts.
Forward-looking statements are characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate" and other similar
words, or statements that certain events or conditions "may" or "will" occur.
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 strategic partnership and issuances of
securities, and is based on, among other things, the opinions and assumptions of
management considered reasonable as of the date of this news release. Factors
that could cause actual results to differ materially from such forward-looking
information include, but are not limited to, delays in obtaining or failures to
obtain required regulatory approvals, changes in equity markets, fluctuations in
commodity prices, and other risks involved in the mineral exploration and
development industry, including 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
mshefsky@northerngold.ca
Northern Gold Mining Inc.
Eric Szustak
Manager, Business Development
905.330.7948
eszustak@northerngold.ca
www.northerngold.ca
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