NORTHERN GOLD ANNOUNCES COMPLETION OF VTEM AIRBORNE SURVEY AND THE ADDITION OF A SECOND Diamond DRILL AT KIRANA
Toronto, Ontario (August 12, 2008): Northern Gold Mining Inc. (TSX-V NGM) is pleased to announce the completion of the VTEM airborne geophysical airborne survey, flown by Geotech Ltd. over the extent of the Kirana project property. The Kirana Project is the company's most recently acquired ground and comprises 86 contiguous claim units, 4 patent blocks plus an isolated block of 8 more claim units just south of the main group, the company's recently announced gold bearing zone lies in Teck Township, Ontario, approximately five kilometers northeast of the historic Kirkland Lake gold mining camp.
Preliminary interpretation of data from Geotech's VTEM survey has identified 10 distinct conductive anomalies. Following more detailed data analysis and such ground investigations as may be feasible, all anomalies of merit will be tested with Diamond drilling. To facilitate this drilling Northern Gold now has a second drill on site. As well as testing VTEM anomalies this second drill will be able to test the Matheson Zone at a deeper level than is currently being tested. It will also test previously identified regional targets along six kilometer of strike extent of the Kirana Break, that part of the structure that crosses Northern Gold's Kirana property.
Northern Gold has granted 200,000 Stock options at an exercise price of $0.28 to General James Gervais the company's new Director and Chairman. The company also granted options on a total of 240,000 shares to various employees and consultants with an exercise price of $0.28. All the options were granted under the previously approved stock option plan and have an expiry date of August 4, 2013..
This press release has been reviewed by R.V. Zalnieriunas P.Geo. an independent consulting geologist who is the "Qualified Person" as defined by NI 43-101 for this project.
For further information please contact:
Northern Gold Mining Inc.
Martin Shefsky
President and CEO
Tel: (416) 366-7300
Fax: (416) 366-7301
E: mshefsky@northerngold.ca
Jeffery Boykin
VP Investor Relations Regulatory Affairs
Tel: (416) 366-7300
Fax: (416) 366-7301
E:jboykin@northerngold.ca