TORONTO, ONTARIO
-- (MARKET WIRE)
-- 10/25/12
NORTHERN GOLD MINING INC. (TSX VENTURE:NGM) ("Northern Gold" or the "Company") today announced results from 21 additional diamond drill holes and 3 drill hole extensions from its surface diamond drilling program on its 100% owned Garrison Gold Property, 100 km east of Timmins, Ontario. The reported holes comprise 10,056 metres from a total of 18,176 metres in 37 drill holes and 9 drill hole extensions completed to date in 2012.
Highlights include:
Jonpol East
-- 9.85 g/t Au over 2.0m (286m - 288m) GAR-12-224
-- 15.02 g/t Au over 2.0m (312m - 314m) GAR-12-224
Garrcon Deposit
-- 1.77 g/t Au over 166.0m (313m - 479m) GAR-12-114X (Extension of hole
GAR-11-114)
-- 59.13 g/t Au over 1.0m (256m - 257m) GAR-12-219
-- 601.82 g/t Au over 1.0m (142m - 143m) GAR-12-222
-- 6.08 g/t Au over 5.0m (53m - 58m) GAR-12-223
Hole GAR-12-224, collared on line 14+75W, targeted the down-dip extension of the Jonpol East Zone. The hole intersected two 2-metre intervals of 9.85 g/t Au and 15.02 g/t Au at depths of 286m and 312m, respectively.
Hole GAR-12-114X, collared on line 10+50W, is an extension of hole GAR-11-114. The hole extends mineralization at the Garrcon Deposit downhole an additional 15 metres, with an overall drill intercept of 166 metres grading 1.77 g/t Au.
Greg Gibson, President and CEO of Northern Gold, stated, "Today's drill results, including some of the hole extensions, confirm that the Garrison Property is host to two gold deposits the extents of which have yet to be outlined. Future drilling will aggressively focus on further delineation of both deposits on strike and at depth."
Table 1 - Jonpol East Assay Results (i) - The three drill holes in Table 1 targeted the Jonpol East Zone in an area of widely spaced drilling. Assay results show the down-dip Jonpol East Zone mineralized intersection in GAR-12-224 at 73 meters is about 40 meters wider than any intersection previously reported. Mineralization was also encountered in metasediments and ultramafic rocks outside the Jonpol East Zone.
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Au Au
From Incl Incl To Interval g/t g/t
Hole ID Zone (m) (m) (m) (m) (m) Un-Cut Cut
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GAR-12-58X Jonpol E 423.0 428.0 5.0 0.35
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GAR-12-214 Meta Seds 85.0 91.0 6.0 1.79
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Meta Seds 88.0 89.0 1.0 7.85
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Jonpol E 276.0 282.0 6.0 1.80
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Jonpol E 289.0 291.0 2.0 1.22
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Jonpol E 338.0 358.0 20.0 1.17
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Jonpol E 349.0 358.0 9.0 1.94
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Jonpol E 349.0 354.0 5.0 2.72
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Jonpol E 352.0 353.0 1.0 5.35
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GAR-12-224 Meta Seds 73.0 74.0 1.0 5.79
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Jonpol E 274.0 347.0 73.0 1.28
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Jonpol E 283.0 293.0 10.0 3.35
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Jonpol E 283.0 288.0 5.0 4.72
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Jonpol E 286.0 288.0 2.0 9.85
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Jonpol E 306.0 320.0 14.0 3.13
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Jonpol E 312.0 314.0 2.0 15.02
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(i) Intervals reported in the Jonpol East Zone are downhole widths; true
widths of mineralization not yet known.
Table 2 - Garrcon Assay Results (ii) - The drill hole results reported in Table 2 are significant assays from five drill holes stepping out to the west on the northwest side of the Garrcon Deposit. These drill holes are all west of Section Line 14+75 W and primarily target the westward extension of the North and Green Zones. High grade assays are cut to 34.0 g/t for comparison purposes.
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Au Au
From Incl Incl To Interval g/t g/t
Hole ID Zone (m) (m) (m) (m) (m) Un-Cut Cut
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GAR-12-199 North 187.2 190.0 2.8 1.58
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North 187.2 188.0 0.8 4.82
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North 236.0 237.0 1.0 1.45
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North 278.0 279.0 1.0 1.47
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Green 330.0 336.0 6.0 1.04
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Green 384.0 385.0 1.0 3.54
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Green 394.0 395.0 1.0 1.01
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Green 400.0 401.0 1.0 1.69
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Green 418.0 419.0 1.0 1.83
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Green 424.0 425.0 1.0 1.49
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GAR-12-215 North 139.0 142.0 3.0 1.50
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North 187.0 208.0 21.0 0.70
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North 190.0 193.0 3.0 1.35
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North 205.0 208.0 3.0 1.75
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North 275.0 279.0 4.0 1.74
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North 320.0 321.0 1.0 3.57
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Green 414.0 421.0 7.0 0.64
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Green 416.0 418.0 2.0 1.22
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Green 454.0 466.0 12.0 0.51
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GAR-12-217 North 8.0 9.0 1.0 1.75
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North 130.0 132.0 2.0 1.96
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North 137.0 139.0 2.0 1.91
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North 157.0 158.0 1.0 2.27
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North 208.0 223.0 15.0 1.28
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North 217.0 220.0 3.0 4.55
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North 256.0 257.0 1.0 3.58
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Green 424.0 462.0 38.0 0.90
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Green 437.0 439.0 2.0 4.89
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Green 448.0 458.0 10.0 1.06
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GAR-12-218 North 65.0 66.0 1.0 1.41
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North 192.0 194.0 2.0 1.43
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North 211.0 241.0 30.0 0.91
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North 211.0 212.0 1.0 4.74
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North 229.0 240.0 11.0 1.21
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North 235.0 240.0 5.0 1.52
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Green 422.0 423.0 1.0 1.91
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Green 460.0 462.0 2.0 2.42
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Green 477.0 479.0 2.0 1.85
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GAR-12-219 North 66.0 68.0 2.0 4.36
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North 224.0 225.0 1.0 2.06
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North 256.0 257.0 1.0 59.13 34.0
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North 275.0 276.0 1.0 2.03
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North 282.0 283.0 1.0 1.32
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North 324.0 325.0 1.0 1.09
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North 379.0 380.0 1.0 1.17
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(ii) Mineralization occurs as multi-directional stockwork veining and true
widths are not known, so all reported assay intervals are downhole
lengths and not true widths
Table 3 - Garrcon Assay Results(iii) The significant drill hole results reported in Table 3 are from Garrcon Deposit infill drill holes focusing mainly on defining gold mineralization in locations where drill hole spacing exceeds 100 meters at depths deeper than 150 meters vertical. High grade assays are cut to 34.0 g/t for comparison purposes.
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Au Au
From Incl Incl To Interval g/t g/t
Hole ID Zone (m) (m) (m) (m) (m) Un-Cut Cut
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GAR-12-114X# Shaft 313.0 479.0 166.0 1.77 1.58
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Shaft 463.6 479.0 15.4 6.88
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Shaft 475.0 478.0 3.0 26.94 24.27
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Shaft 682.0 687.0 5.0 0.66
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Shaft 686.0 687.0 1.0 2.29
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GAR-12-121X North 447.0 448.0 1.0 0.60
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GAR-12-209 Shaft 54.0 59.0 5.0 1.37
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Shaft 56.0 57.0 1.0 3.03
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Shaft 94.0 95.0 1.0 2.08
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Shaft 119.0 123.0 4.0 1.33
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Shaft 166.0 169.0 3.0 1.25
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Shaft 175.0 178.0 3.0 1.19
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Shaft 199.0 200.0 1.0 32.03
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Shaft 470.0 471.0 1.0 1.57
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GAR-12-222 Shaft 16.0 18.0 2.0 1.51
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Shaft 37.0 42.0 5.0 1.29
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Shaft 64.0 69.0 5.0 1.01
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Shaft 112.0 113.0 1.0 2.77
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North 142.0 143.0 1.0 601.82 34.0
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North 205.0 215.0 10.0 0.79
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North 310.0 311.0 1.0 2.88
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GAR-12-223 Shaft 24.0 32.0 8.0 1.09
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Shaft 40.0 42.0 2.0 1.49
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Shaft 48.0 69.0 21.0 1.84
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Shaft 53.0 58.0 5.0 6.08
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Shaft 57.0 58.0 1.0 11.02
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Shaft 81.0 87.0 6.0 1.33
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Shaft 142.0 149.0 7.0 0.65
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(iii) Mineralization occurs as multi-directional stockwork veining and true
widths are not known; reported assay intervals are downhole lengths
and not true widths
# Data includes part of original hole GAR-11-114 drilled to a depth of
463.61m reported in press release dated January 26, 2012
Table 4 - Garrcon Assay Results(iv) The significant drill hole results reported in Table 4 are from step-out drill holes going east of Section 7+00 W. A majority of these holes are drilled on 50 to 100 metre grid spacings.
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Au Au
From Incl Incl To Interval g/t g/t
Hole ID Zone (m) (m) (m) (m) (m) Un-Cut Cut
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GAR-12-139 Shaft 27.0 29.0 2.0 0.53
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Shaft 203.0 207.0 4.0 0.71
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GAR-12-187 Shaft 55.0 58.0 3.0 3.19
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Shaft 422.0 480.0 58.0 0.37
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Shaft 422.0 425.0 3.0 3.39
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Shaft 422.0 423.0 1.0 8.67
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GAR-12-188 Shaft 39.0 40.0 1.0 1.30
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Shaft 82.0 88.0 6.0 0.68
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Shaft 363.0 378.0 15.0 0.59
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Shaft 363.0 367.0 4.0 1.59
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GAR-12-189 North 108.0 112.0 4.0 0.37
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North 271.0 274.0 3.0 0.67
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Green 290.0 301.0 11.0 1.60
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Green 293.0 294.0 1.0 7.95
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Green 297.0 301.0 4.0 1.77
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Green 390.0 416.0 26.0 0.58
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Green 395.0 402.0 7.0 1.15
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Green 452.0 464.0 12.0 0.92
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Green 502.0 503.0 1.0 1.81
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GAR-12-192 North 54.0 71.0 17.0 0.58
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North 54.0 60.0 6.0 1.20
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North 54.0 55.0 1.0 4.94
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GAR-12-193 North 30.0 68.0 38.0 0.42
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North 33.0 34.0 1.0 3.94
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North 66.0 68.0 2.0 0.98
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GAR-12-194 Shaft 175.0 180.0 5.0 1.62
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Shaft 175.0 177.0 2.0 2.15
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Shaft 179.0 180.0 1.0 2.44
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Shaft 220.6 221.1 0.5 1.13
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Shaft 306.0 308.0 2.0 1.04
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GAR-12-195 Shaft 21.0 34.0 13.0 0.58
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Shaft 21.0 22.0 1.0 2.83
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GAR-12-196 Shaft 132.0 133.0 1.0 4.09
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Shaft 274.0 280.0 6.0 0.91
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Shaft 275.0 278.0 3.0 1.26
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GAR-12-197 Shaft 69.0 75.0 6.0 0.85
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Shaft 70.0 72.0 2.0 1.73
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Shaft 198.5 200.0 1.5 1.84
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Shaft 292.0 293.0 1.0 1.09
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GAR-12-198 North 39.0 41.0 2.0 1.67
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(iv) Mineralization occurs as multi-directional stockwork veining and true
widths are not known, so all reported assay intervals are downhole
lengths and not true widths
Complete details of the holes reported here as well as all other drilling completed by Northern Gold and previous operators in both cross-section and plan can be viewed on the Company's website at: www.northerngold.ca/files/Garrcon-Cross-Sections.pdf.
Table 5 - Location and Initial Orientation of Drill Holes
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Section Section
Line Line Azimuth Inclination
Hole ID West North (True) (degrees)
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GAR-12-58X 10+49 W 10+56 N 340.0 -45.0
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GAR-12-114X 10+50 W 9+23 N 70.2 -87.1
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GAR-12-121X 14+98 W 9+62 N 338.7 -46.9
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GAR-12-139 6+50 W 10+17 N 157.0 -44.8
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GAR-12-187 7+01 W 9+46 N 127.8 -88.7
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GAR-12-188 6+49 W 9+24 N 80.0 -89.3
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GAR-12-189 8+00 W 11+60 N 14.2 -88.3
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GAR-12-192 1+00W 9+78 N 334.3 -45.5
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GAR-12-193 0+50 W 8+92 N 349.0 -45.9
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GAR-12-194 4+49 W 9+72 N 161.5 -46.2
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GAR-12-195 4+50 W 10+22 N 160.2 -44.8
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GAR-12-196 5+48 W 10+03 N 156.5 -44.1
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GAR-12-197 5+51 W 9+49 N 154.9 -46.5
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GAR-12-198 5+01 W 9+83 N 347.9 -43.8
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GAR-12-199 15+75 W 10+40 N 340.0 -70.0
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GAR-12-209 12+76 W 8+99 N 321.9 -88.8
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GAR-12-214 14+24 W 12+01 N 335.7 -46.6
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GAR-12-215 14+74 W 10+90 N 330.8 -69.2
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GAR-12-217 15+76 W 10+88 N 357.6 -67.5
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GAR-12-218 16+24 W 10+88 N 352.2 -69.8
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GAR-12-219 15+25 W 10+38 N 346.6 -69.2
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GAR-12-222 12+76 W 10+47 N 243.9 -89.8
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GAR-12-223 13+26 W 9+50 N 115.0 -88.8
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GAR-12-224 14+75 W 12+60 N 334.5 -45.3
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Quality Assurance/Quality Control
Northern Gold uses comprehensive, industry standard QA/QC protocols for diamond drilling, core recovery, handling, sampling, shipping and assaying. Details of these protocols can be viewed on the Company's website at: www.northerngold.ca/QA-QC.php.
About Northern Gold
Northern Gold Mining Inc. is a TSX-V listed, publicly traded junior resource company based in Toronto, Ontario, dedicated to the discovery and development of high value mineral deposits in the proven mining camps of Kirkland Lake and Timmins in north eastern Ontario. Northern Gold is focused on outlining two gold deposits at an advanced stage of exploration on its 100% owned Garrison Gold Property. The Company has recently acquired the Buffonta Property just 4 km southwest. In addition to the Jonpol and Garrcon gold deposits, the Garrison Property hosts several other gold mineralized showings, including the less advanced 903 gold mineralized area. Northern Gold Mining Inc. has historical mining infrastructure at both the Jonpol and Garrcon Deposits, is commencing exploration of the Buffonta Property, and continues to expand its land holdings in the region.
The technical aspects of this press release have been reviewed and approved by Michael Gross M.S., P.Geo., Manager, Project Development of Northern Gold Mining Inc., and the "Qualified Person" as defined by NI 43-101 for this project.
CAUTIONARY STATEMENT: This news release contains forward-looking information which is not comprised of historical facts. 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 objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and 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.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Contacts:
Northern Gold Mining Inc.
Martha Digby
416.366.7300 or Cell: 416.455.7670
416.366.7301 (FAX)
mdigby@northerngold.ca
www.northerngold.ca
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