00:20:47 EST Sat 13 Dec 2025
Enter Symbol
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Northern Gold Mining Inc
Symbol NGM
Shares Issued 102,527,615
Close 2011-07-25 C$ 0.37
Market Cap C$ 37,935,218
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Northern Gold drills 72.0 m of 1.08 g/t Au at Garrcon

2011-07-26 10:46 ET - News Release

Mr. Martin Shefsky reports

NORTHERN GOLD REPORTS ASSAYS FOR SIX DRILL HOLES AT ITS GARRCON GOLD DEPOSIT-INTERSECTS 72.0 METERS AT 1.08 G/T GOLD

Northern Gold Mining Inc. has released the assay results for six additional diamond drill holes totalling 1,646 metres of core from its continuing 2011 drill program. This brings the total metres of drilling reported for the 30,000-metre drill program to 5,837 metres in 24 holes. All of these holes continue the process of infill drilling to tighten up drill hole spacing within the existing resource footprint to increase the quality of the resource and to increase the confidence level in the resource estimate as well as the preliminary economic assessment, as announced in the press release dated June 23, 2011.

All six of these holes are drilled along north-south-oriented drill fences that cover an east-west strike length of 75 metres. GAR-11-77 was drilled south to north to test for North zone-type mineralization near the north boundary of the deposit; it encountered narrow but good-grade mineralization. GAR-11-79 was drilled north to south to test Shaft zone mineralization only; it intersected over 70 metres of mineralization with an average grade above the block model cut-off grade of 0.3 grams per tonne (g/t) used in the preliminary economic assessment (PEA) announced in the June 23, 2011, press release.

The rest of the holes were drilled from south to north across both the Shaft zone and the North zone. They were stopped because they either reached a vertical depth of more than 300 vertical metres or they intersected the ultramafic rocks forming the north boundary of the deposit. Mineralization intersected in the Shaft zone was generally scattered and quite low grade, while North zone mineralization was higher grade and contained long intervals of mineralization averaging grades of one g/t or higher.

The accompanying table presents the significant highlights from the holes. Cut assays show the effects on average grades over stated intervals of cutting assays higher than 34 g/t to 34.0 g/t, of which there are none in the drill holes being reported here.

                    HIGHLIGHTS OF ASSAY RESULTS(i)                    
                                                                
                 From    Incl.    Incl.  Incl.    To       Int.     Au
Hole ID           (m)     (m)      (m)    (m)    (m)       (m)    (g/t)

GAR-11-72       274.0                           339.0      65.0    0.82     
                         274.0                  288.0      14.0    1.13     
                         309.0                  339.0      30.0    1.20     
                                  309.0         310.0       1.0   10.56     
                                  320.0         324.0       4.0    2.03     
GAR-11-73        32.0                            34.0       2.0    1.41     
                148.0                           151.0       3.0    1.22     
                197.0                           204.0       7.0    2.44     
                         202.0                  203.0       1.0   15.22     
GAR-11-75        50.0                            57.0       7.0    0.70     
                 70.0                            72.0       2.0    1.15     
GAR-11-77       124.0                           125.0       1.0    3.98     
GAR-11-79        19.5                            92.0      72.5    0.50     
                          52.0                   85.0      33.0    0.84     
                                   52.0          59.0       7.0    1.58     
                                   74.0          75.0       1.0    8.08     
GAR-11-81       252.0                           254.0       2.0    2.44     
                327.0                           423.3      96.3    0.79     
                         327.0                  399.0      72.0    1.02     
                                  335.0         363.0      28.0    1.62     
                                         335.0  351.0      16.0    2.12     
                                         348.4  351.0       2.6    6.47     
                                         348.0  349.4       1.0    9.88     

(i) As true widths are not known, all intervals are downhole intervals
and not true widths.

Because no assays above 34.0 g/t are reported in these results, the total number of assay results received that are higher than one ounce per tonne since drilling commenced in May of 2010 remains at 12. With more than 17,000 samples analyzed, 12 samples make for a statistically insignificant frequency. Cross-sections showing complete drill results, including those disclosed in this news release, can be seen on the company's website.

Quality assurance/quality control

Northern Gold has quality assurance/quality control protocol in place for its exploration work. The company is currently diamond drilling the Garrison gold property; the drilling contractor is Major Drilling Group International Inc. The core size is NQ, which gives good sample sizes and enables the possibility for at least two step-downs if ground conditions should require it. Core is delivered to the secure Core Shack facility by the driller or picked up by one of Northern Gold's designated personnel and transported to the Core Shack facility. In addition to recovery and RQD (rock-quality-designation) data, geologic parameters, including lithology, alteration, quartz veining, presence and identification of sulphide mineralization, along with other geologic parameters, are noted and recorded. Core is marked in one-metre intervals for splitting, sampling and assaying, unless geologic data indicate a shorter sample interval. Prior to splitting, all core is photographed. Core splitting is done with a diamond core saw and one-half of the drill core is submitted to Expert Laboratories, an accredited laboratory in Rouyn-Noranda, Que., for assaying. The remainder of the core is stored at the Garrison gold property. All sample intervals in which visible gold is observed to be present are automatically submitted for analysis using the metallic screen procedure in which the entire half core is crushed, pulped and screened at 100 mesh. The screen oversize is assayed in total and the screen undersize is fire assayed in triplicate using a gravimetric finish. All other samples are analyzed by conventional fire assay using a 30-gram sample with geochemical finish.

The technical aspects of this press release have been reviewed by Michael Gross, MS, PGeol, vice-president, exploration, for Northern Gold. Mr. Gross is the qualified person as defined by National Instrument 43-101 for this project.

We seek Safe Harbor.

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