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Share Name | Share Symbol | Market | Type |
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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 VENTURE: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 8.9 grams per tonne gold over 7.5 meters from surface in the Midway area and 9.0 grams per tonne gold over 12.0 meters from underground. In addition, lower grade surface porphyry mineralization of the Osisko-Goldex type returned 1.17 grams per tonne gold over 12.0 meters at a depth of approximately 30 meters. Results include: SURFACE DRILLING Core From To length Grade Rock HOLE # (m) (m) (m) (g/t Au) Type 195 98.9 99.9 1.0 7.43 Gabbro 196 27.0 39.0 12.0 1.17 Porphyry 40.8 41.9 1.1 12.4 Gabbro 72.0 73.0 1.0 12.5 Gabbro 201 113.7 114.7 1.0 9.7 Gabbro 208 104.5 121.9 17.4 5.61 Gabbro Including 110.0 121.9 11.9 7.2 Gabbro And 110.0 117.5 7.5 8.9 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 13 Drift Wall -- 2.0 2.0 8.52 Gabbro Drift floor 17 18.0 19.0 1.0 25.5 Gabbro 19 Drift floor -- 2.0 2.0 7.7 Gabbro 23 Drift floor 11.5 17.5 6.0 7.5 Gabbro 33 Drift floor 1.0 13.0 12.0 9.0 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. Michel David, president reports "that these results are very significant in showing the continuity and persistence of the gold mineralization at the Malartic-Midway project, both from surface and underground". 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.
1 Year Northern Star Mining Corp. Chart |
1 Month Northern Star Mining Corp. Chart |
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