Northern Nickel Mining Prepares Golden Rose Gold Mine for 2012 Work

    




 BURLINGTON, ON, Nov. 3, 2011 /CNW/ - Northern Nickel Mining Inc. has  recently been advised that, due to a change in Corporate focus,  Goldfinder Explorations (GFN-V) will not be completing the agreement to  acquire the former operating  Golden Rose Mine, consisting of 15 mining  leases and 32 mining claims located in Afton and Scholes townships, in  the Sudbury mining district of Ontario, and is returning 100% to the  Company. Work done by Goldfinder returned exciting values in two high  grade zones, including drill intersections of 5.10 meters averaging 15.62 grams per tonne gold and 2.60 meters of  70.05 grams per tonne , including a spectacular .30 meters of 543.00  grams per tonne gold. 

 Goldfinder has turned over an extensive drilling database, and  Geophysical data file.  It is hoped that after an extensive review of  this data the Company can prepare a plan for dewatering the Golden Rose  in preparation for targeted underground drilling. 

 About the Former Producing Golden Rose Gold Mine 

 Historical information, derived from the records of Noramco Mining  Corp., indicate that in 1986 the property is reported to have hosted a  global geological resource of 617,000 ounces Au, contained within 2.4  million tonnes (grading 0.26 ounce per tonne). The resource is  considered historical in nature and as such is based on prior data and  reports prepared by previous operators, not defined as required by NI  43-101. The work necessary to reclassify the resource has not been  completed and the resource estimates therefore, cannot be treated as NI  43-101 defined resources verified by a qualified person. This resource  should not be relied upon, and there can be no assurance that any of  the resources, in whole or in part, will ever become economically  viable. 

 The deepest intercept recorded on the property cut 84 feet of 14 g/t Au  below 1,000 feet vertically, with many other high-grade drill  intersections (0.25 to 0.35 ounce per ton) located between the 600-foot  elevation and the lowest level at 1,000-foot elevation 

 Northwestern Ontario Gold Properties 

 Northern Nickel also owns 5 block claims (80 Claim Units) Northeast of  Bamaji Lake in the Patricia Mining District of Ontario, about 45 km  Southwest of the former producing Golden Patricia Mine.  This area is  prospective for Base Metals and Gold and the Company has identified  targets on historic airbourne surveys for further work 

 The Company intends to raise $ 300,000 by way of the issuance of  2,000,000 private company flow-through shares to further work on the Golden Rose and complete a  detailed airbourne survey program on the Northwestern Ontario Property. 

Northern Nickel Mining Inc.


CONTACT:  or to subscribe for these flow-through shares please contactNorthernNickel Mining Inc.  @ 905-510-9188 or email@ [e-mail] 


    

Copyright