Underground Delineation Drilling at Northgate Minerals� Young-Davidson Mining Project Confirms Zone Geometry and Grade
Results Show Potential for Higher "As Mined" Grade from the Underground
VANCOUVER, May 26, 2011
� Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) is pleased to announce results from a highly successful underground delineation drill program at its 100% owned Young-Davidson Mining Project located in northern Ontario.
Delineation drilling was initiated to define the stope limits for underground mining within the Upper Boundary Zone ("UBZ"). Results from the drill program have confirmed the grade, continuity and width of the UBZ, which contains 3.64 million tonnes of ore and is scheduled for mining in the early years of underground production. Young-Davidson is currently forecasting an initial 15-year mine-life with production commencing in 2012 from a small open pit before mining moves underground in 2014. The area of delineation drilling covers approximately half of the ore tonnage in the UBZ.
You have previously expressed interest or are someone who may be interested in our company. To stop receiving updates from us, please
follow this link.
|
VanEck Vectors Global Alternative Energy ETF
|
|
PRODUCER |
|
CODE : NGX.TO |
|
ISIN : CA6664161024. |
|
CUSIP : 666416102 |
| |
ProfileMarket
IndicatorsVALUE :
Projects & res.Press
releasesAnnual
reportRISK :
Asset profileContact Cpy |
Northgate Minerals is a gold and copper producing company based in Canada. Northgate Minerals develops gold, copper and silver in Canada, and holds various exploration projects in Canada. Its main assets in production are STAWELL MINE and FOSTERVILLE MINE in Australia and KEMESS SOUTH in Canada, its main asset in development is YOUNG - DAVIDSON in Canada and its main exploration properties are BOULEVARD, KEMESS UNDERGROUND, MATACHEWAN MINE and AWAKENING GOLD in Canada. Northgate Minerals is listed in Canada. Its market capitalisation is 176.0 millions as of today (US$ 173.2 millions, € 122.3 millions). Its stock quote reached its lowest recent point on January 28, 2000 at 0.60, and its highest recent level on May 12, 2006 at 5.29. Northgate Minerals has 47 442 200 shares outstanding. |