Northern Gold Reports Hastings Channel Samples at Garrison Project
10 Februar 2014 - 2:05PM
Marketwired
Northern Gold Reports Hastings Channel Samples at Garrison Project
TORONTO, ONTARIO--(Marketwired - Feb 10, 2014) - NORTHERN GOLD
MINING INC. (TSX-VENTURE:NGM) ("Northern Gold" or the "Company") is
pleased to announce the results of its summer field exploration
program. During the field season of 2013 (May to October) the
Company was active in exploring surface gold showings on several of
its properties. This press release highlights channel sampling at
the Hastings Zone, which is located on the western side of the
Garrison Project.
Garrison Gold Property (Hastings Zone)
As announced on Sept 10, 2013 the Company acquired 20 patented
mining claims that adjoin the western portion of the Garrison gold
property from Lac Properties Inc. a wholly owned subsidiary of
Barrick Gold Corp.
The Company's summer exploration program focused on surface
mapping and channel sampling of the Hastings Zone; an underexplored
high grade gold showing in the central portion of the recently
acquired Lac Properties ground. The showing occurs in a similar
Temiskaming type sedimentary host rock as the Garrcon deposit which
lies 1800m to the east. The Hastings showing is a liner quartz vein
and vein arrays striking north and steeply dipping. The vein system
is open along strike to the north and along its southern extent is
interpreted as terminating along the Destor Porcupine Fault. The
mineralized vein system was traced on surface for over 120m and
shows mineralized widths from 0.7 to 2.1m. A table of highlighted
surface channel results are shown below:
Channel IDs |
Grade
(g/t) |
Length (m) |
H13-4 |
2.29g/t |
0.7m |
H14-4,5 |
3.47g/t |
1.9m |
H16-3,4 |
20.56g/t |
2.1m |
H17-4 |
3.23g/t |
1.0m |
H111-3 |
3.23g/t |
0.7m |
H113-3 |
4.14g/t |
0.8m |
H28-3 |
2.59g/t |
1.2m |
H211-3 |
12.0g/t |
0.8m |
H212-1 |
22.0g/t |
0.6m |
H213-2 |
4.74g/t |
1.0m |
H215-3 |
19.75g/t |
1.0m |
H216-3 |
8.04g/t |
1.0m |
H2S1-2 |
2.82g/t |
1.0m |
H2N1-1 |
5.00g/t |
1.0m |
H2N2-1 |
2.54g/t |
1.0m |
A map of channel results is shown on the Company's website at:
http://www.northerngold.ca/sites/default/files/hastings_channels.pdf.
Martin Shefsky, Interim President and CEO of Northern Gold,
comments: "The acquisition of the Lac property provides
considerable upside exploration potential. These channel samples
demonstrate that the Garrcon type metasediments could host
additional stockwork mineralization going west, and will form the
basis for additional future exploration in this area."
Quality Assurance/Quality Control
Northern Gold has implemented comprehensive, industry standard
quality-assurance, quality-control protocols for diamond drilling,
core recovery, handling, sampling, shipping and assaying. Details
of these best practice principals can be viewed on the Company's
website at: http://www.northerngold.ca/QA-QC.php.
The technical aspects of this press release have been reviewed
and approved by Michael Gross, M.Sc., P.Geo., the "Qualified
Person" as defined by National Instrument 43-101 for the Golden
Bear Project.
About Northern Gold
Northern Gold is a TSXV-listed gold company based in Toronto,
Ontario. The Company's main focus is the exploration and
development of its prospective mineral properties at the Golden
Bear Project in the Larder Lake Mining Division, northeastern
Ontario. Northern Gold has a portfolio of advanced exploration
projects, including the Jonpol and Garrcon Deposits and the
Buffonta Property. Recent transactions, including the amalgamation
with Victory Gold Mines Inc. and acquisition of the Lac Minerals
Property add to the Company's regional consolidation strategy along
the Destor-Porcupine Fault Zone.
CAUTIONARY STATEMENT: 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. No stock exchange,
securities commission or other regulatory authority has approved or
disapproved of the information contained herein. This news release
contains forward-looking information which is not comprised of
historical facts. Forward-looking statements are characterized by
words such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate" and other similar words, or statements
that certain events or conditions "may" or "will" occur.
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 strategic partnership and issuances
of securities, and is based on, among other things, the opinions
and assumptions of management considered reasonable as of the date
of this news release. Factors that could cause actual results to
differ materially from such forward-looking information include,
but are not limited to, delays in obtaining or failures to obtain
required regulatory approvals, changes in equity markets,
fluctuations in commodity prices, and other risks involved in the
mineral exploration and development industry, including 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.
Northern Gold Mining Inc.Martin ShefskyInterim President &
Chief Executive Officer647.297.8793mshefsky@northerngold.caNorthern
Gold Mining Inc.Eric SzustakManager, Business
Development905.330.7948eszustak@northerngold.cawww.northerngold.ca
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