TORONTO, ONTARIO--(Marketwire - April
28, 2011) - Northern
Gold Mining Inc. (TSX VENTURE:NGM) ("Northern Gold" or "the
Company") announces assay results for eight additional diamond drill
holes totaling 1,887.9 meters of drill core. These results include six drill
holes which are the last of the 47 drill holes completed during an excellent
2010 drill program. While the program was originally planned for 10,000
meters, 11,280 meters of core were actually recovered because a second drill
was added to the program in October. Forty five of the holes intersected
significant mineralization including a number of holes that intersected
mineralization displaying exceptional lengths of continuous downhole
mineralization. As an example, nine holes intersected mineralization with
average grades of 0.5 g/t or higher (the cutoff grade used in the first
resource calculation, please see the Technical Report posted on SEDAR Nov. 5,
2010) over downhole lengths greater than 200 meters with another eleven holes
encountering similar grades over downhole lengths between 100 and 200 meters.
Fifteen holes intersected average grades of 1.0 g/t or higher over downhole
lengths of at least 50 meters. The best hole of the program, GAR-10-42
encountered an average grade of 1.44 g/t over 209 meters which included an
average grade of 2.33 g/t over 108 meters.
Two of the eight drill holes being
reported are from the ongoing 2011 drill program which is planned for 30,000
meters on the Garrcon Deposit located on the Garrison Gold Property. Assay
results for these eight drill holes are listed in Table 1. The location and
orientation of the drill holes are listed in Table 2.
"Our 2011 drill program continues
to expand the Garrcon Deposit along strike and is consistent with the results
from our 2010 drill program. We continue to encounter long, consistent
intervals of plus 1.0 g/t mineralization and significantly longer intervals
at grades of plus 0.5 g/t. These results confirm Northern Gold's belief that
continued drilling on the Garrcon Deposit will develop sufficient resources
to enable a production decision for an open pit mining operation to be made
within 18 months," said Martin Shefsky, President and CEO of Northern
Gold Mining Inc.
Table 1 � Highlights of Assay Results*
Hole ID
|
Zone
|
Incl
(m)
|
Incl
(m)
|
Incl
(m)
|
To
(m)
|
Interval
(m)
|
Au
g/t
Un-Cut
|
Au
g/t
Cut
|
GAR-10-51
|
Shaft
|
6.0
|
|
|
32.0
|
26.0
|
0.60
|
|
|
|
|
21.0
|
|
22.0
|
1.0
|
3.19
|
|
|
|
57.0
|
|
|
58.0
|
1.0
|
5.76
|
|
|
|
85.0
|
|
|
86.0
|
1.0
|
2.93
|
|
|
North
|
231.0
|
|
|
239.0
|
8.0
|
0.73
|
|
|
|
|
231.0
|
|
234.0
|
3.0
|
1.33
|
|
GAR-10-54
|
North
|
35.0
|
|
|
36.0
|
1.0
|
2.87
|
|
|
|
|
|
|
|
|
|
|
GAR-10-55
|
Shaft
|
22.0
|
|
|
29.0
|
7.0
|
1.09
|
|
|
|
|
26.0
|
|
27.0
|
1.0
|
3.79
|
|
|
|
164.0
|
|
|
168.0
|
4.0
|
0.88
|
|
GAR-10-56
|
Shaft
|
73.0
|
|
|
77.0
|
4.0
|
1.14
|
|
|
North
|
177.0
|
|
|
217.0
|
40.0
|
0.50
|
|
|
|
|
177.0
|
|
209.0
|
32.0
|
0.52
|
|
GAR-10-57
|
North
|
5.0
|
|
|
10.0
|
5.0
|
2.33
|
|
|
|
|
5.0
|
|
6.0
|
1.0
|
8.81
|
|
GAR-10-58
|
North
|
124.0
|
|
|
125.0
|
1.0
|
5.17
|
|
GAR-11-70
|
Both
|
25.0
|
|
|
337.0
|
312.0
|
0.59
|
0.51
|
|
Shaft
|
73.0
|
73.0
|
|
76.0
|
3.0
|
1.51
|
|
|
|
110.0
|
110.0
|
|
111.0
|
1.0
|
2.72
|
|
|
North
|
195.0
|
195.0
|
|
337.0
|
142.0
|
1.14
|
0.97
|
|
|
|
210.0
|
210.0
|
320.0
|
110.0
|
1.38
|
1.16
|
|
|
|
|
319.0
|
320.0
|
1.0
|
58.46
|
34.00
|
GAR-11-74
|
Both
|
26.1
|
|
|
318.0
|
291.0
|
0.59
|
0.27
|
|
Shaft
|
|
89.0
|
|
90.0
|
1.0
|
7.99
|
|
|
North
|
|
257.0
|
|
318.0
|
61.0
|
2.32
|
0.78
|
|
|
|
|
299.0
|
300.0
|
1.0
|
127.70
|
34.00
|
|
*As true widths are not known, all intervals are
downhole intervals and not true widths.
|
Table 2 � Location and Orientation of
Drill Holes
Hole ID
|
Section Line
West
|
Section Line
North
|
Azimuth
(True)
|
Inclination
|
GAR-10-51
|
11+00W
|
9+40N
|
|
|
GAR-10-54
|
12+00W
|
11+45N
|
341.6
|
-45.2
|
GAR-10-55
|
10+50W
|
9+71N
|
336.6
|
-44.4
|
GAR-10-56
|
10+50W
|
9+25N
|
340.0
|
-45.0
|
GAR-10-57
|
10+50W
|
10+16N
|
340.0
|
-45.0
|
GAR-10-58
|
10+50W
|
10+58N
|
340.0
|
-45.0
|
GAR-11-70
|
11+00W
|
8+92N
|
332.1
|
-45.7
|
GAR-11-74
|
10+50W
|
8+77N
|
342.4
|
-50.7
|
Two assays above 34.0 g/t are reported
in these results bringing the total number of assay results received that are
higher than one ounce per tonne to eight since drilling commenced in May of
2010. Those assay results affected by the high grade assays are also shown
after applying a top cut grade of 34.0 g/t. Cross sections showing drill
results for the Garrcon Deposit can be seen on the Company's web site at www.northerngold.ca.
Drill hole GAR-10-54 was designed to
define the north boundary of the deposit along Section Line 12+00W and
successfully established the boundary as being about 20 meters south of the
hole location. All the rest of the drill holes are in systematic fences
stepping out along strike from Section Line 12+00W to the east 50 meters per
fence. Drill holes GAR-11-70, GAR-11-74 and GAR-11-59 (Reported in Press
Release dated April 26, 2011) established a 100 meter strike length of very
consistent mineralization the down hole thickness of 93 to 142 meters
averaging from 1.0 to 1.6 g/t gold. This mineralization, which is a
continuation of mineralization encountered on Section 12+00W and further west
now has a confirmed strike length of at least 200 meters.
Northern Gold has a strong treasury of
over $4 million in cash and cash equivalents and is continuing its aggressive
drilling program to complete its previously announced 30,000 meter drill
program.
Quality Assurance/Quality Control
Northern Gold Mining Inc. has
implemented a QA/QC protocol for its exploration work. Northern is currently
diamond drilling the Garrison Gold Property and the drilling contractor is
Major Drilling Group International Inc. Core size is NQ, to give good sample
sizes and enabling the possibility for at least two step-downs if ground
conditions should require it. Core is delivered to the secure Core Shack
facility by the driller or picked up by one of Northern Gold's designated
personnel and transported to the Core Shack facility. In addition to recovery
and RQD (Rock Quality Designation) data geologic parameters including
lithology, alteration, quartz veining, presence and identification of sulfide
mineralization along with other geologic parameters are noted and recorded.
Core is marked in one meter intervals for splitting, sampling and assaying,
unless geologic data indicate a shorter sample interval. Prior to splitting,
all core is photographed. Core splitting is done with a diamond core saw and
� of the drill core is submitted to Expert Laboratories, an accredited
laboratory (PTP-MAL � Accredited by Standards Council of Canada � In full
accord with ISO/IEC Guide 43-1 "Proficiency Testing by Interlaboratory
Comparison") in Rouyn-Noranda, Quebec for assaying. The remainder of the
core is stored at the Garrison Gold Property.
All sample intervals where visible gold
is observed to be present are automatically submitted for analysis using the
metallic screen procedure where the entire half core is crushed, pulped and
screened at 100 mesh. The screen oversize is assayed in total and the screen
undersize is fire assayed in triplicate using a gravimetric finish. All other
samples are analyzed by conventional fire assay using a 30 gram sample with
geochemical finish. All samples that assay greater than one gram are
re-assayed with conventional fire assay using a gravimetric finish.
Conventional fire assay sample prep consists of crushing to 90% passing 10
mesh from which a 300 gram sample is split and pulped to 90% passing 200 mesh
and from which a 30 gram sample is taken for fire assaying. Following
completion of fire assaying at Expert Laboratories, pulp samples are
forwarded by Expert to SGS' certified laboratory (ISO/IEC 17025), in Toronto,
Ontario for CN solubility assaying and for multi-element analyses of select
samples. CN solubility test uses a 1% CN solution added to 30 grams of sample
and shaken for an hour prior to settling and decanting for geochemical
analysis. Multi-element analysis is conducted using 4-acid digestion followed
by ICP analysis with OES finish (Inductively coupled plasma optical emission
spectroscopy). Northern inserts a mixture of gold standard samples, blank
samples and duplicate samples into the sample stream at a rate approximating
10% of total original samples. Samples are normally transported in a Company
truck from the Property to Expert Labs in Rouyn-Noranda. Chain of Custody
protocols require the signing and maintenance of logs and receipts each time
the samples are picked up from or delivered to a new location. When utilizing
commercial transportation, all shipping sacks are sealed with a numbered tag,
the removal of which is recorded upon receipt by Expert Laboratories. Check
analyses are conducted on a regular basis utilizing SGS' laboratory, in
Toronto, Ontario.
About Northern Gold Mining
Northern Gold Mining Inc. is a TSX-V
listed, publicly traded junior resource company based in Toronto, Ontario,
dedicated to the discovery and development of high value mineral deposits in
the proven mining camps of Kirkland Lake and Timmins in North Eastern
Ontario. Northern Gold is focused on developing two advanced stage gold
deposits on the Garrison Gold Property. The Property is located within the
Abitibi greenstone belt along the Porcupine-Destor and the Munro Fault
systems. The Property hosts several gold mineralized showings in addition to
the two advanced stage exploration targets, the Jonpol and Garrcon Deposits,
for each of which NI 43-101 compliant mineral resources have been calculated,
and the less advanced 903 gold mineralized area. Historic diamond drilling by
previous operators was completed in all three referenced areas. The Jonpol
Technical Report was posted on SEDAR October 21, 2009 and the Garrcon
Technical Report was posted on SEDAR November 5, 2010. The Garrison Gold
Property has historic mining infrastructure at both the Jonpol and Garrcon
Deposits and producing mines are located in close proximity to the property.
On April 7, 2011, the Company and ValGold announced that they have entered
into a definitive agreement whereby Northern Gold will acquire 100% ownership
of the Garrison Gold Property. For details of that Agreement, please see the
Press Release dated April 7, 2011.
The technical aspects of this press
release has been reviewed by Michael Gross M.S., P.Geol., Vice President
Exploration for Northern Gold, who is the "Qualified Person" as
defined by NI 43-101 for this project.
CAUTIONARY STATEMENT: This News Release
includes certain "forward-looking statements". These statements are
based on information currently available to the Company and the Company
provides no assurance that actual results will meet management's
expectations. Forward-looking statements include estimates and statements
that describe the Company's future plans, objectives or goals, including
words to the effect that the Company or management expects a stated condition
or result to occur. Forward-looking statements may be identified by such
terms as "believes", "anticipates", "expects",
"estimates", "may", "could", "would",
"will", or "plan". Since forward-looking statements are
based on assumptions and address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Actual results relating
to, among other things, results of exploration, project development,
reclamation and capital costs of the Company's mineral properties, and the
Company's financial condition and prospects, could differ materially from
those currently anticipated in such statements for many reasons such as:
changes in general economic conditions and conditions in the financial
markets; changes in demand and prices for minerals; litigation, legislative,
environmental and other judicial, regulatory, political and competitive
developments; technological and operational difficulties encountered in
connection with the activities of the Company; and other matters discussed in
this news release. This list is not exhaustive of the factors that may affect
any of the Company's forward-looking statements. These and other factors
should be considered carefully and readers should not place undue reliance on
the Company's forward-looking statements. The Company does not undertake to
update any forward-looking statement that may be made from time to time by
the Company or on its behalf, except in accordance with applicable securities
laws.
Neither 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.