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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Northern Star Mining Corp. | TSXV:NSM | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
Northern Star Mining Corp. (TSX:NSM) (Northern Star Mining or the "Company") is pleased to announce further drill results from its surface and underground exploration programs. On its wholly owned Malartic-Midway gold project (16km west of Val-d'Or, (Quebec), drilling was carried out from surface on the Midway area and from underground in the Chabela, and Decline area. Highlights include 8.02 grams per tonne gold over 7.7 meters from surface in the Midway area and 8.07 grams per tonne gold over 9.0 meters from underground. In addition, lower grade surface porphyry mineralization of the Osisko-Goldex type returned 1.22 grams per tonne gold over 23.1 meters at a depth of approximately 12 meters. Results include: SURFACE DRILLING Core From To length Grade Rock HOLE # (m) (m) (m) (g/t Au) Type 189 101.8 103.0 1.2 9.7 Gabbro 107.9 110.0 2.1 6.2 Gabbro 123.8 125.9 2.1 13.30 Gabbro 192 85.0 86.2 1.2 20.8 Gabbro 197 11.5 34.5 23.0 1.2 Porphyry 206 110.9 112.0 1.1 6.1 Gabbro 116.0 117.0 1.0 6.9 Gabbro 124.3 129.8 5.5 8.91 Gabbro 211 116.3 124.0 7.7 8.01 Gabbro UNDERGROUND CHABELA WEST Work underground prior to bulk sampling (mining) in Chabela continues. The sublevel and raises are complete, with the remaining long hole blast holes to be completed shortly. Drill results from the Chabela drift returned: Core From To length Grade Rock HOLE # (m) (m) (m) (g/t Au) Type 03 Drift Floor 5.1 12.0 6.9 5.2 Gabbro 06 Drift W face 15.4 17.3 1.9 7.15 Gabbro 012 Drift W face 1.0 10.0 9.0 6.31 Gabbro and 1.0 22.7 21.7 4.1 Gabbro 013 Drift Floor - 2.0 2.0 8.52 Gabbro 014 Drift Floor - 9.0 9.0 4.6 Gabbro 38.0 47.0 9.0 8.07 Gabbro DECLINE To date, the Company has completed over 2.1km of decline construction and has now reached the North Briar Zone area. The decline has reached and is presently within the North Briar porphyry, where mineralization has been encountered. Visible gold within quartz veins in the porphyry have been intersected in the decline advancement face. Development to the Briar gold mineralized zone is ongoing. MCKENZIE BREAK At the McKenzie Break project, construction of a decline for underground bulk sampling is presently in its start up stages. Initial site clearing and installation has begun with actual decline portal construction planned for November of this year. Eugene Gauthier, Ing (OIQ), acts as the qualified person of the Company and has reviewed the contents of the news release. The diamond drilling and exploration programs are being carried out under the direct supervision of Eugene Gauthier, Ing (OIQ). The Company is maintaining strict standards for QA (quality assurance) and QC (quality control); by keeping under lock all drill cores, rejects and pulps for further testing. Samples were sent to ALS Chemex and Techni-Lab labs in Val d'Or, Quebec. High grade assays intersections were subject to total gold metallic sieve method in addition to the standard fire assay and AA finish. ON BEHALF OF THE BOARD Jonathan Awde, Vice-president, Corporate Finance This press release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Security Exchange Act of 1934, and involves a number of risks and uncertainties. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange and the British Columbia Securities Commission. All statements, other than of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. 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.
1 Year Northern Star Mining Corp. Chart |
1 Month Northern Star Mining Corp. Chart |
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