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NGM

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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 -

Northern Gold Reports Hastings Channel Samples at Garrison Project

10/02/2014 12:05pm

Marketwired Canada


NORTHERN GOLD MINING INC. (TSX VENTURE:NGM) ("Northern Gold" or the "Company")
is pleased to announce the results of its summer field exploration program.
During the field season of 2013 (May to October) the Company was active in
exploring surface gold showings on several of its properties. This press release
highlights channel sampling at the Hastings Zone, which is located on the
western side of the Garrison Project.


Garrison Gold Property (Hastings Zone) 

As announced on Sept 10, 2013 the Company acquired 20 patented mining claims
that adjoin the western portion of the Garrison gold property from Lac
Properties Inc. a wholly owned subsidiary of Barrick Gold Corp. 


The Company's summer exploration program focused on surface mapping and channel
sampling of the Hastings Zone; an underexplored high grade gold showing in the
central portion of the recently acquired Lac Properties ground. The showing
occurs in a similar Temiskaming type sedimentary host rock as the Garrcon
deposit which lies 1800m to the east. The Hastings showing is a liner quartz
vein and vein arrays striking north and steeply dipping. The vein system is open
along strike to the north and along its southern extent is interpreted as
terminating along the Destor Porcupine Fault. The mineralized vein system was
traced on surface for over 120m and shows mineralized widths from 0.7 to 2.1m. A
table of highlighted surface channel results are shown below: 




Channel IDs               Grade (g/t)              Length (m)               
H13-4                     2.29g/t                  0.7m                     
H14-4,5                   3.47g/t                  1.9m                     
H16-3,4                   20.56g/t                 2.1m                     
H17-4                     3.23g/t                  1.0m                     
H111-3                    3.23g/t                  0.7m                     
H113-3                    4.14g/t                  0.8m                     
H28-3                     2.59g/t                  1.2m                     
H211-3                    12.0g/t                  0.8m                     
H212-1                    22.0g/t                  0.6m                     
H213-2                    4.74g/t                  1.0m                     
H215-3                    19.75g/t                 1.0m                     
H216-3                    8.04g/t                  1.0m                     
H2S1-2                    2.82g/t                  1.0m                     
H2N1-1                    5.00g/t                  1.0m                     
H2N2-1                    2.54g/t                  1.0m                     



A map of channel results is shown on the Company's website at:
http://www.northerngold.ca/sites/default/files/hastings_channels.pdf.


Martin Shefsky, Interim President and CEO of Northern Gold, comments: "The
acquisition of the Lac property provides considerable upside exploration
potential. These channel samples demonstrate that the Garrcon type metasediments
could host additional stockwork mineralization going west, and will form the
basis for additional future exploration in this area."


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
Michael Gross, M.Sc., P.Geo., 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 amalgamation with Victory Gold
Mines Inc. and acquisition of the Lac Minerals Property 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
Interim 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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