Northland Drills Extension of Stora Sahavaara Magnetite Body
January 16 2008 - 8:15AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (FRANKFURT: NBS)(OSLO: NAUR) is
pleased to provide an update on recent exploration work at the
Company's 100%-owned Stora Sahavaara iron project in Sweden which
has significantly expanded the known dimensions of the magnetite
mineralization and will likely result in the definition of
additional resources at the project.
A new grade-thickness compilation of all available drill data
identified a possible thickening of the Stora Sahavaara deposit
within the middle part of the magnetite body, angling to the north
at depth. Four new diamond core holes were drilled to test this
potential between the 600 and 1000 profiles. All 4 holes
successfully cut good widths of typical Stora Sahavaara magnetite
mineralization at depths ranging between 302m and 503m, outside the
limits of the existing resource, indicating good potential to add
significant new magnetite resources at the project. The table below
summarizes the salient results from the new holes, with approximate
ranges for the true thickness of mineralization. Updated drill
collar plans and sections will be posted shortly on the Northland
website.
-----------------------------------------------------------------------
Iron Est. True
From To Interval Grade Width
Hole ID Section (m) (m) (m) (%) (m)
-----------------------------------------------------------------------
SAH07018 600N 302.8 330.3 27.5 34.9 23-27
376.7 388.6 11.9 39.9 9-11
-----------------------------------------------------------------------
SAH07021(i) 1000N 459.9 521.2 61.3 39.2 56-60
-----------------------------------------------------------------------
SAH07022 800N 350.0 397.0 47.0 48.5 39-43
-----------------------------------------------------------------------
SAH07023 700N 413.8 466.9 53.1 41.4 33-37
-----------------------------------------------------------------------
(i) Hole SAH07021 encountered drilling problems at a depth of 502m. A wedge
was inserted at 463m and drilling continued from there. The result
shown is a composite of assays from SAH07021 up to 463m and assays from
the deflection (SAH07021B) from 463m to the end of the hole at 532.7m.
The magnetite body appears to continue at depth below these 4
holes.
Another hole, SAH07005 was completed on the northernmost profile
(1300N) where historic work had suggested that the Stora magnetite
body would be approximately 30m in downhole thickness. However, the
hole cut a well-mineralized core length of nearly 63m grading 40.9%
Fe from 240m downhole. This suggests potential for a second wide
lobe of magnetite mineralization, raking to the north in addition
to the one described above.
-----------------------------------------------------------------------
Iron Est. True
From To Interval Grade Width
Hole ID Section (m) (m) (m) (%) (m)
-----------------------------------------------------------------------
SAH07005 1300N 221.0 283.7 62.7 40.9 58-62
-----------------------------------------------------------------------
Northland's geologists are recommending that additional holes be
drilled on the northern sections from 1200N through 1400N, to test
the potential rake of the deposit to the north.
Buck Morrow, the President of Northland, said: "We have always
believed that there was excellent potential to increase the
NI43-101 resource at Stora Sahavaara and our latest drilling
appears to confirm this. I've asked our exploration team to
schedule more drilling to follow up these results in advance of a
new resource calculation to be completed this year."
Tapuli Resource Calculation
Management would also like to provide an update on the timing of
the NI43-101 compliant resource calculation for the Tapuli project.
Management had been expecting the final sign off by Geovista and
Micon by mid-January but was recently informed by Geovista that
delivery of the final resource numbers would be delayed for up to 2
weeks. Northland now anticipates releasing the resource figures
before the end of January.
Assay Protocol
The core was cut at Northland's core facility in Kolari,
Finland. A one half split core from Salmivaara was prepared at ALS
Chemex Lab in Pitea, Sweden and then transported to ALS Chemex in
Vancouver, British Columbia Canada for analysis.
Copper and Iron were analyzed by Sodium Peroxide Fusion multi
element analysis, ICP-AES Method ME-ICP81. Gold was analyzed by
Lead Fire Assay Pre-concentration with ICP-AES Method Au-ICP21
finish.
In addition to the ALS Chemex internal sample preparation and
assay QC protocol, Northland maintains a rigorous QA/QC program
consisting of inserting blanks, duplicates and certified standards
to the analytical process.
Background
Northland has delineated a NI43-101 compliant resource at Stora
Sahavaara (see news release dated May 18, 2006). Using a 25% Fe cut
off, the magnetite body contains:
--------------------------------------
Category Tonnes Fe % Cu %
--------------------------------------
Measured 77,063,210 43.32 0.080
Indicated 44,634,770 43.28 0.076
Inferred 23,346,373 41.76 0.051
--------------------------------------
Qualified Person
Resource estimates were prepared by third party consultant (Bart
Stryhas, PhD Structural Geology); the resource model and estimates
were subsequently reviewed by Chlumsky Armbrust & Meyer L.L.C.
("CAM") an independent, mineral resource, consulting and
engineering group based in Lakewood, Colorado, USA. CAM believes
that the Stora Sahavaara resource and resource model have been
prepared according to accepted engineering practice for a project
at this level of development.
The technical information in this release was prepared under the
supervision of Mr. David Cass, who is a member of the Association
of Professional Engineers and Geoscientists of British Columbia,
and a "Qualified Person" in accordance with National Instrument
43-101.
ON BEHALF OF THE BOARD
Buck Morrow
NORTHLAND RESOURCES INC.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Northland Resources Inc. Buck Morrow President Toll
Free: 1-866-719-8962 Northland Resources Inc. Ralph Rushton
Investor Relations - North America Toll Free: 1-866-719-8962
Northland Resources Inc. Gabriella Roos Investor Relations - Europe
+44 791 286 9936 Website: www.northlandresourcesinc.com
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