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Northern Gold Intersects 5.47 g/t Au OVER 17.3 m at Jonpol Deposit

Marketwire.com - Aug 29, 2013

TORONTO, ONTARIO--(Marketwired - Aug. 29, 2013) - NORTHERN GOLD MINING INC. (TSX VENTURE:NGM) ("Northern Gold" or the "Company") is pleased to announce results from 20 diamond drill holes from its surface diamond drilling program carried out on its wholly-owned Jonpol Deposit of the Golden Bear Project, 100 km east of Timmins, Ontario. The 20 drill holes totaled 5,984 metres.

Drill assay highlights for the drill holes include:

47.02 g/t Au over 0.75 m (108.60 to 109.35m) GGT-01
6.37 g/t Au over 3.00 m (328.0 to 331.0m) JP-13-09
5.23 g/t Au over 5.40 m (129.8 to 135.2m) JP-13-27
5.47 g/t Au over 17.30 m (84.0 to 101.3m) JP-13-28

Martin Shefsky, President and CEO of Northern Gold, comments: "These results continue to confirm the continuity and grades of the mineralized structures comprising the Jonpol Deposit. Eighteen of the 20 drill holes reported intersected significant gold mineralization, highlighted by a 17-metre interval grading over 5 g/t gold. Also, the potential for resource expansion exists with both the RP and JD Zones remaining open at depth."

Table 1 - Jonpol Assay Results * - These results are significant drill assays from 20 drill holes on the Jonpol Deposit. JP series drill holes are either infill into or step out from the known Jonpol Deposit resources while GT series drill holes are geotechnical holes designed to test ground or crown pillar stability.
Hole Zone Section From (m) Inc
(m) To
(m) Interval
(m) Au g/t
Un-Cut Au g/t
Cut
GGT-01 JP Zone N/A 95.00 116.00 21.00 2.99 2.53
108.60 109.35 0.75 47.02 34.28
193.00 203.00 10.00 1.08
GGT-02 East Zone N/A 117.00 126.00 9.00 3.66
125.00 126.00 1.00 9.01
197.00 198.00 1.00 3.48
JDGT-02 JD Zone 27+50W 83.00 87.00 4.00 1.70
JP-12-03 JD Zone 26+00W NSV
JP-13-07 JD Zone 25+50W 281.00 284.00 3.00 4.46
JP-13-08 JD Zone 25+50W 107.00 108.00 1.00 2.30
JP-13-09 JP Zone 23+50W 249.00 252.50 3.50 2.60
328.00 331.00 3.00 6.37
JP-13-12 RP Zone 20+75W 180.00 181.50 1.50 2.82
JP-13-13 RP Zone 20+25W NSV
JP-13-14 RP Zone 20+25W 45.00 46.00 1.00 8.56
JP-13-15 JD Zone 26+00W 166.00 166.50 0.50 7.27
280.70 286.00 5.30 1.89
280.70 282.20 1.50 3.25
JP-13-16 SEDIMENT 24+00W 158.00 159.00 1.00 1.79
JP-13-16A SEDIMENT 24+00W 475.00 476.00 1.00 2.49
JD HW 741.00 741.70 0.70 2.66
JP-13-17 JD Zone 22+50W 62.00 68.00 6.00 3.21
66.00 68.00 2.00 5.79
JP-13-20 RP Zone 18+25W 329.00 331.3 2.30 1.16
442.50 444.00 1.50 3.53
JP-13-21 RP Zone 18+25W 242.7 243.1 0.40 4.80
251.00 252.00 1.00 3.17
JP-13-25 RP Zone 18+75W 333.00 335.00 2.00 2.98
JP-13-26 RP Zone 19+75W 174.00 174.50 0.50 1.53
JP-13-27 RP Zone 19+75W 109.00 139.00 30.00 2.24
129.80 135.20 5.40 5.23
255.00 258.00 3.00 4.06
JP-13-28 RP Zone 20+75W 32.50 39.00 6.50 2.10
84.00 101.30 17.30 5.47
99.30 101.30 2.00 21.59
*reported intervals are downhole lengths and not true widths. High grade assays are cut to 34.28 g/t
NSV - no significant values

Geotechnical Drilling

Drill Holes GGT-01 and GGT-02 were geotechnical holes drilled along strike of the mineralization to test the ground stability of several cross faults that intersect the Jonpol zones. Both holes successfully intersected mineralization and the interpreted cross faulting. Drill hole JDGT-02 was drilled as part of a crown pillar support assessment in the JD zone west of the Jonpol mine shaft and portal. The geotechnical program was conducted in support of an ongoing closure plan development for the Jonpol mine. All geotechnical holes were drilled with HQ triple tube oriented core and geotechnical core logging was completed by Tony Gilman, M.Sc., P.Eng., of Terrane Geoscience of Halifax, NS.

JD Zone

JP-12-03, JP-13-07, and JP-13-08 were infill drill holes in the upper portion of the JD zone. JP-13-15 was drilled 50m below high grade intercepts in JP-12-04 (released March 26, 2013) and successfully intersected a broad zone of albite vein type mineralization along with minor visible gold similar to that intersected in JP-12-04. Exploration remains open down dip from this intercept.

JP Zone

JP-13-09 and JP-13-17 were drilled as infill holes in the JP Zone close to the existing underground workings; both holes intersected mineralization consistent with surrounding intercepts. JP-13-16 and 16a were designed to test the deeper extension of the JP zone but due to complications intersecting several strong fault structures the hole did not reach target depth.

RP Zone

Drill holes JP-13-12, 13, 14, 20, 21, 25, 26, 27, and 28 were all drilled to infill the upper portions of the RP zone to the east of the Jonpol mine shaft and portal. Several of the holes intersected significant values and demonstrated good continuity with historical drilling on the RP zone. The RP zone is now being interpreted as the eastern continuation of the JP zone showing similar mineralogical characteristics. Exploration within the RP zone remains open to depth.
Table 2 - Location and Initial Orientation of Drill Holes
Hole ID Section Line
West Section Line
North Length Azimuth
(True) Inclination
(degrees)
GGT-01 N/A N/A 204 263 -65
GGT-02 N/A N/A 198 267 -65
JDGT-02 27+50W 15+50N 117 330 -50
JP-12-03 26+00W 14+85N 249 340 -45
JP-13-07 25+50W 14+45N 303 340 -45
JP-13-08 25+50W 14+90N 273 340 -45
JP-13-09 23+50W 14+05N 357 340 -60
JP-13-12 20+75W 15+05N 333 340 -60
JP-13-13 20+25W 15+10N 354 340 -60
JP-13-14 20+25W 15+70N 249 340 -60
JP-13-15 26+00W 13+95N 330 340 -60
JP-13-16 24+00W 12+25N 460 340 -70
JP-13-16A* 24+00W 12+25N 330 340 -70
JP-13-17 22+50W 15+45N 123 340 -45
JP-13-20 18+25W 13+50N 444 340 -45
JP-13-21 18+25W 14+00N 345 340 -45
JP-13-25 18+75W 13+95N 445 340 -45
JP-13-26 19+75W 15+75N 270 340 -60
JP-13-27 19+75W 15+40N 336 340 -60
JP-13-28 20+75W 15+65N 264 340 -60

Note * - hole JP-13-16A was wedged off hole JP-13-16 starting at a drill length of 441 metres, and extended 330 metres to a total length of 771 metres.

Jonpol Deposit drill plan and long section will be posted on the Company's website at: http://northerngold.ca/golden-bear-project/jonpol-deposit.

Quality Assurance/Quality Control

Northern Gold has implemented comprehensive, industry standard quality-assurance, quality-control protocols for diamond drilling, core recovery, handling, sampling, shipping and assaying. Details of these best practice principals can be viewed on the Company's website at: http://www.northerngold.ca/QA-QC.php.

The technical aspects of this press release have been reviewed and approved by Gary Nassif, M.Sc., P.Geo., Manager Exploration Services of Northern Gold and the "Qualified Person" as defined by National Instrument 43-101 for the Golden Bear Project.

About Northern Gold

Northern Gold is a TSXV-listed gold company based in Toronto, Ontario. The Company's main focus is the exploration and development of its prospective mineral properties at the Golden Bear Project in the Larder Lake Mining Division, northeastern Ontario. Northern Gold has a portfolio of advanced exploration projects, including the Jonpol and Garrcon Deposits and the Buffonta Property. Recent transactions, including the Harker-Holloway Property acquisition and the amalgamation with Victory Gold Mines Inc., add to the Company's regional consolidation strategy along the Destor-Porcupine Fault Zone.

CAUTIONARY STATEMENT: 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking statements are characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, Northern Gold's strategic partnership and issuances of securities, and is based on, among other things, the opinions and assumptions of management considered reasonable as of the date of this news release. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required regulatory approvals, changes in equity markets, fluctuations in commodity prices, and other risks involved in the mineral exploration and development industry, including those risks set out in Northern Gold's public documents filed on SEDAR. Although Northern Gold believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Northern Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Contact Information

Northern Gold Mining Inc.
Martin Shefsky
President & Chief Executive Officer
647.297.8793
mshefsky@northerngold.ca

Northern Gold Mining Inc.
Eric Szustak
Manager, Business Development
905.330.7948
eszustak@northerngold.ca
www.northerngold.ca

Read Full Article from Marketwire.com

- Posted: 2013-08-29 11:49:09


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