Northern Star Mining Corp. (TSX VENTURE: NSM)(OTCQX: NSMSF)
(Northern Star Mining or the "Company") is pleased to announce that
it has scheduled the first gold pour in the Company's history for
the first week in February. Milling is being carried out at the
Company's wholly owned Beacon Gold Mill, located 13km east of
Val-d'Or. The material being processed is mineralized rock mined
from underground at the Malartic-Midway project which the Company
has been actively exploring and developing since mid 2008 from its
underground operations.
The Malartic-Midway project, located 16km west of Val-d'Or,
Quebec, consists of 3,142 hectares (7,763 acres) and straddles a
section 7km in length along the Cadillac Tectonic Zone, neighboring
the Osisko gold project. The project includes two former gold
producers Malartic Goldfields #1, and Malartic Goldfields #2 with
reported production (1939-1965) of some 1.95 million ounces of gold
to a depth of 3,000 feet.
Drilling by Northern Star in 2006 demonstrated the presence and
continuity of gold mineralization at depth where it encountered
9.41g/t over 21 m at a vertical depth of some 5,200 feet
(previously announced).
In mid 2008, the Company contracted Dumas Ltd, to begin
construction of a 5m x 4.7m Decline to explore, access, and bulk
sample previously discovered gold zones, as well as explore for and
discover new gold mineralized zones from underground.
Midway Decline
To date, the Company has advanced the main haulage decline a
total 2,370 meters from the surface portal. The surface portal
required the excavation of 7,500 m3 of overburden and bedrock.
A total of 290 meters of remuck bays have been completed.
The South Briar branch of the Midway decline has advanced 332
meters for future exploration drilling of the South South Briar
extension and Mill Porphyry zones. It is also planned as a second
exit and haulage route.
A total of 236 meters of development and exploration drifting
was carried out in the Chabela Zone where 3,000 tons of material
were mined and transported to the Beacon Mill. The Chabela Zone was
used as an initial mining method (long hole) and bulk sample test
area.
753 meters of underground development including the construction
of 6 drawpoints below the bottom of the South Briar area have been
completed.
Finally, 105 meters of raising for sampling, ventilation, and
safety purposes have been carried out to date.
South Briar
The initial large planned bulk sample from the South Briar Zone
(176,000 tonnes @ 6.03g/t, 43-101 report, Ovalbay Geological
Services, 2008) is presently underway. 6 drawpoints (4m x 4m) have
been completed underneath the zone at 130m (425 level).
Development of the upper level at 110 meter (360 level)
consisting of a slot drift is underway.
Initially, excavation of the zone occurs at the top of the
drawpoints in an undercut slot of approximately 6,000 tonnes prior
to long hole drilling of the South Briar stope.
Underground Exploration
A number of exploration discoveries have been made from
underground since onset of the Decline construction.
Exploration work has been limited due to the construction phase
of the Decline and the need to access the gold mineralized zones as
soon as possible.
However, underground drilling can now be accelerated on the
numerous targets under exploration.
These include the South South Briar Extension, the L and K zones
and the new porphyry/gabbro zone discovered in October 2009.
This latter zone was discovered during decline construction when
a mineralized porphyry was encountered. A cross drift some 108
meters long was pushed into the porphyry, which resulted in the
discovery of a new gabbro mineralized zone. Grab and muck samples
from the muck haulage trucks averaged a cut grade of 14.8g/t over a
true width of 4.5 meters. Approximately 1,000 tons were sampled
from this area prior to further definition drilling and
drifting.
As the exploration drift progressed it encountered quartz veins
in porphyry with sections of significant visible gold.
This zone is located some 250 meters NNW of the South Briar
zone, presently under development.
Recently an underground drill hole located 70 meters north of
the Briar Zone intersected a 4 meter wide gabbro showing
significant sulphide mineralization, located some 100 meters below
at 230 meter (750 level). Assays are pending.
Finally, other underground exploration targets include the Blake
River group extension located some 150 meters north of the Decline,
South Briar extension adjacent to the Mill porphyry, and the
Chabela depth extensions will be evaluated and tested.
Beacon Mill
The wholly owned Beacon Mill was started up on November 23,
2009. A series of start up delays occurred while bedding and tuning
the mill, compounded by the very cold weather experienced in late
December. At present the mill is running more continuously and
smoothly and should reach its continuous rated capacity
shortly.
The tonnage presently being processed at the mill consists of
Chabela and porphyry mineralization, development material,
mineralization sampled from the new discovery, and drawpoint
mineralization.
McKenzie Break
At the McKenzie Break project, surface installation and
mobilization is complete. Portal construction, rock bolting, and
screening was completed on January 6.
Underground Decline construction has begun and presently the
decline has advanced some 30 meters. The initial target zone for
bulk sampling is located some 100 meters from the portal
entrance.
Surface diamond drilling is also currently underway.
Callahan
The 2009 surface drilling program on the Callahan project is now
complete. 14 holes for a total of 4,150 meters were drilled. Assay
results are pending.
Michel David, president states "The Company has now reached an
important milestone in its growth and development. A first gold
pour is an important historic event, and the management and
personnel at Northern Star are proud to have reached this point
accident and injury free. The start up of a second underground
project at McKenzie Break, and the successful but difficult start
up of our mill all in the same period demonstrate the competence
and devotion of our employees, contractors, and associated
personnel. The new discoveries underground at Malartic-Midway
clearly demonstrate the future potential of this project, located
as it is in the heart of the historic Val-d'Or gold camp and
immediately neighbour to the Osisko gold project, now under
development with total announced resources of some 11.2 million
ounces".
Eugene Gauthier, Ing (OIQ), acts as the qualified person of the
Company and has reviewed the contents of the news release. The
diamond drilling and exploration programs are being carried out
under the direct supervision of Eugene Gauthier, Ing (OIQ). The
Company is maintaining strict standards for QA (quality assurance)
and QC (quality control); by keeping under lock all drill cores,
rejects and pulps for further testing. Samples were sent to ALS
Chemex and Techni-Lab labs in Val d'Or, Quebec. High grade assays
intersections were subject to total gold metallic sieve method in
addition to the standard fire assay and AA finish.
ON BEHALF OF THE BOARD
Michel David, President
This press release contains certain "Forward-Looking Statements"
within the meaning of Section 21E of the United States Security
Exchange Act of 1934, and involves a number of risks and
uncertainties. Important factors that could cause actual results to
differ materially from the Company's expectations are disclosed in
the Company's documents filed from time to time with the TSX
Venture Exchange and the British Columbia Securities Commission.
All statements, other than of historical fact, included herein are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.
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.
Contacts: Northern Star Mining Corporation Michel David
President TOLL FREE (800) 460-5031 or (819) 825-8088 (819) 825-1199
(FAX) www.nsmgold.com Renmark Financial Communications Inc. Barry
Mire: bmire@renmarkfinancial.com Christine Stewart:
cstewart@renmarkfinancial.com Montreal - Tel.: 514.939.3989 / Fax:
514.939.3717 Toronto - Tel.: 416.644.2020 / Fax: 416.644.2021
www.renmarkfinancial.com
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