Stock Hideout

Go Back   Stock Hideout > Investing Online > Canadian Stocks and Junior Companies
Register Stock Contest FAQ Members List Stock News Calendar Search Today's Posts Mark Forums Read

Canadian Stocks and Junior Companies Founded by "mouser57 " ... a new forum to discuss exciting Canadian Stocks and Junior Companies, where EVERYONE is invited to see and comment on what is happening up North!!!

Reply
 
LinkBack Thread Tools Search this Thread Display Modes
Old Fri, 03-21-2008, 07:44 AM   #1 (permalink)
ActionCapitalGp
Super Moderator
 
Join Date: Feb 2006
Posts: 88
ActionCapitalGp
Arrow Bourkes Diamond Drill Program and Bulk Assay Check Results (TSX-V: NGM)

TORONTO, March 20 - Northern Gold Mining Inc. (TSX-V NGM) announces the results from the final 12 holes of the winter 2007-08 Bourkes Mine diamond drill program as well as check assay results from the fall 2007 Bourkes Mine Bulk Assay program. The high-grade past producing Bourkes Mine property is located in north-eastern Ontario, 22 km. north-west of the Kirkland Lake, Ontario gold-mining camp where to date more than 24 million ounces of gold have been produced.

All 19 holes drilled targeting the Bourkes mineralized zone in this just completed program intersected the quartz-carbonate stringer zone that hosts the Bourkes mineralization. However despite the continuous nature of the Bourkes stringer zone, sampling and assaying of the drill intersections did not show a consistency in economic assay values. Northern Gold Mining is of the opinion that this result reflects the extreme gold nugget effect of the Bourkes gold mineralization. The 19 NQ size holes drilled through the Bourkes mineralization would only test 1/33,000th of one percent of the longitudinal areal extent of the Bourkes Mine. Considering the extreme variation in gold assay results from the 19 intersections from this program (from 404.92 g/t over 0.3 metres in B07-15 to 0.06 g/t over 0.7 metres in B07-04) Northern Gold Mining is of the opinion that the only means to accurately test the Bourkes Mine is to get underground to observe and sample the mineralization continuously along the pre-existing drifts and shaft. Such underground work was discussed in the NI 43-101 report on the Bourkes property and is also referenced in Northern Gold Mining Inc.'s prospectus. Therefore Northern Gold Mining is holding discussions with a local mining contractor and is well along
in its permitting process to gain access to the top two levels of the mine for a rehabilitation, sampling and mapping program tentatively scheduled for 2008.

<<
-------------------------------------------------------------------------
Drill From To Length Au
Hole Location Dip Azim. (m) (m) (m) (g/t)
-------------------------------------------------------------------------

-------------------------------------------------------------------------
B07-01 92m N,-11m el -45 degrees 236 degrees 12.0 13.5 1.5 0.35
-------------------------------------------------------------------------
B07-05 92m N,-41m el -45 degrees 236 degrees 67.4 69.2 1.8 3.98
-------------------------------------------------------------------------
B07-07 19m S,-40m el -45 degrees 235 degrees 57.9 58.6 0.9 0.30
-------------------------------------------------------------------------
B07-08 111m N,-55m el -50 degrees 270 degrees 84.3 85.3 1.0 0.49
-------------------------------------------------------------------------
B07-10A 15m S,-70m el -45 degrees 235 degrees 94.8 95.8 1.0 6.57
-------------------------------------------------------------------------
B07-11 91m N,-86m el -45 degrees 236 degrees 129.7 130.7 1.0 0.22
-------------------------------------------------------------------------
B07-12 42m N,-87m el -45 degrees 281 degrees 113.8 114.4 0.6 1.63
-------------------------------------------------------------------------
B07-14 90m N,-119m el -57 degrees 236 degrees 154.6 155.6 1.0 0.14
-------------------------------------------------------------------------
B07-16 14m S,-101m el -58 degrees 236 degrees 122.6 123.5 0.9 0.11
-------------------------------------------------------------------------
B07-17 34m S,-100m el -56 degrees 219 degrees 127.8 128.5 0.7 0.10
-------------------------------------------------------------------------
B07-18 60m S,-116m el -53 degrees 205 degrees 163.0 163.4 0.4 1.01
-------------------------------------------------------------------------
B07-20 53m N,-133m el -45 degrees 237 degrees 203.5 204.0 0.5 0.17
-------------------------------------------------------------------------
note - north and south locations are measured from centre line of shaft

The purpose of the Bourkes Mine drill program was to test mineralization continuity throughout the areal extent of the underground mine. The Bourkes Mine is known anecdotally as suffering from an extreme gold nugget effect. In gold deposits with a high nugget factor gold is very rarely uniformly distributed throughout the vein structure, but rather, occurs as clusters of small particles or single masses of spectacular "nuggety" gold. This random, unpredictable distribution of gold influences all sampling of gold mineralization and is especially problematic in considering results from a small population of drill intersections relatively broadly spaced such as that from the Bourkes Mine drill program.

Bourkes Bulk Assays
As a QA/QC procedure Northern Gold submitted 14 separate pulps and rejects from its fall 2007 Bourkes bulk assay program (Northern Gold Mining press release, Nov. 28, 2007) to Swastika Laboratories for check assays. The results from these check assays confirms the grade from the bulk assay program and shows further indication of the high gold nugget factor of the Bourkes ore. The 14 check sample assays ranged from a high of 148.39 g/t to a low of 2.32 g/t resulting in an uncut arithmetic average of 18.85 g/t.

In other news Northern Gold Mining is continuing with its drill program on the ice of Frederick House Lake in the Timmins area. Despite encountering deep overburden to a 60 metre depth 2 holes have been completed to date with assays pending. With the below normal late winter temperatures in the area over the last two weeks it is hoped that drilling will be possible on the ice into the first week of April. As well overburden drilling of the Sylvanite tailings basin on Northern Gold's Kirana property 5 km. north-east of Kirkland Lake, Ontario continues.

Northern Gold Mining has implemented a quality assurance and control (QA/QC) program to ensure sampling and analysis of all exploration work is conducted in accordance with the best possible practices. The drill core is logged and split with half core samples sent either to Swastika Laboratories, Swastika, Ontario or Polymet Laboratories, Cobalt, Ontario and analyzed using the appropriate gold fire assaying technique. The other half of the core is retained for future assay verification. For QA/QC purposes the Company submits blanks and standards every 50 samples. Approximately 5% of sample rejects and/or pulps will be sent to a different lab from the lab which ran the original assay for check assaying. The bulk sample check assays were collected from rejects from the original bulk assay lot and analyzed at Swastika Laboratories using the appropriate gold fire assaying technique.

R.V. Zalnieriunas, P.Geol., is a "Qualified Person" as defined by NI 43-101 and has reviewed this release.

Northern Gold Mining Inc. is a well-financed Toronto-based junior resource company dedicated to gold exploration in the proven mining camps of Kirkland Lake and Timmins in Northern Ontario. The goal of our experienced and highly-skilled management team is to maximize shareholder value through successful exploration and the aggressive testing of high quality targets such as our advanced-stage past-producing gold properties located in the Kirkland Lake and Timmins area.

For further information: 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; Web site: Northern Gold - Welcome
__________________
Information brought to you courtesy of ActionCapitalGroupe.com
Sebastien Durand La Centrale Small Caps en Francais Action Capital Groupe
ActionCapitalGp is offline   Reply With Quote
Sponsored Links
Reply



Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Add RSS   Add RSS2   Add to Google   Add to My Yahoo   My MSN RSS
All times are GMT -5. The time now is 06:38 AM.


vBulletin, Copyright ©2000 - 2006, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.0.0 RC5 © 2006, Crawlability, Inc.
Copyright © 2005, StockHideout.com, info@stockhideout.com

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285