NL Northern Lion Gold Corp

Northern Lion Gold Corp. (the "Company" or "Northern Lion") (TSX
VENTURE:NL)(FRANKFURT:N3E) announces the start of a rotary drill program in the
Republic of Cyprus, where the Company currently holds 19 permits over 70 km2.
The 2012 drill program will test newly acquired permits, follow up on the
successful drilling at St. Nikolas, which included 4.5 grams per tonne ("g/t")
gold, 19.08 g/t silver, and 1.04% copper over 28.6 metres in drill hole 11SN02
(reported April 6, 2011), and new targets defined by a recently completed
airborne geophysical survey. Further details of this program will be released in
the coming weeks. 


The Company will begin the drill program by testing the recently acquired Pano
Lefkara permit. Previous exploration work by the Company returned rock chip
sample lines of 41 metres averaging 3.47 g/t gold, 25 metres averaging 1.10 g/t
gold, and 24.5 metres averaging 1.06 g/t gold (reported April 25, 2012). The
sample map showing the sampling is available on the Company's website at
www.northernliongold.com.


The Pano Lefkara breccia zone consists of silicified argillically altered
fragments in a variably limonite-kaolinite altered matrix. Historical drilling
of the breccia zone intersected 30 metres of 0.42% copper and 0.91% zinc from
within a wider zone of strong clay-pyrite alteration. Gold assays are not
available from the earlier work, however; the Company believes there is the
potential for gold mineralization. A large slag heap near the breccia zone
attests to ancient mining in the vicinity. Further work by Northern Lion 450
metres south of the breccia zone has also revealed a gold geochemical anomaly
and rock grab samples returned values up to 6.76 g/t gold. 


The Company's field activities in Cyprus are under the direction of Robert
Johnston, P.Geo. (BC), and "qualified person", as defined by National Instrument
43-101. Mr. Johnston is responsible for the technical content of this news
release. 


About Northern Lion

Northern Lion is committed to building a strong portfolio of projects within
mining-friendly and infrastructure-rich areas of Europe. Northern Lion currently
controls over 70 km2 of exploration permits in the Republic of Cyprus and is
actively pursuing other opportunities within the region. 


NORTHERN LION GOLD CORP.

John Lando, President

This news release includes "forward-looking information", as such term is
defined in applicable securities laws. The forward-looking information includes,
without limitation, the success of exploration activities and other similar
statements concerning anticipated future events, conditions or results that are
not historical facts. These statements reflect management's current estimates,
beliefs, intentions and expectations; they are not guarantees of future
performance. The Company cautions that all forward-looking information is
inherently uncertain and that actual performance may be affected by a number of
material factors, many of which are beyond the Company's control. Such factors
include, among others, risks and uncertainties relating to exploration and
development; the ability of the Company to obtain additional financing; the
Company's limited operating history; the need to comply with environmental and
governmental regulations; potential defects in title to the Company's
properties; fluctuations in currency exchange rates; fluctuating prices of
commodities; operating hazards and risks; competition; and other risks and
uncertainties. Accordingly, actual future events, conditions and results may
differ materially from the estimates, beliefs, intentions and expectations
expressed or implied in the forward-looking information. All statements are made
as of the date of this news release and, except as required by law, the Company
is under no obligation to update or alter any forward-looking information.

Northern Lion Gold (TSXV:NL)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

Northern Lion Gold (TSXV:NL)
Historical Stock Chart
Von Jun 2023 bis Jun 2024