Northern Gold Files 43-101 Technical Report for its Garrison Gold Project
May 02 2014 - 10:00AM
Marketwired
Northern Gold Files 43-101 Technical Report for its Garrison Gold
Project
TORONTO, ONTARIO--(Marketwired - May 2, 2014) - NORTHERN GOLD
MINING INC. (TSX-VENTURE:NGM) ("Northern Gold" or the "Company") is
pleased to announce that is has filed on SEDAR a National
Instrument 43-101 ("NI 43-101") technical report for its Garrison
Gold Project. The report summarizes the Company's exploration
activities on its Garrison Gold Project and resource estimates on
the Garrcon and Jonpol gold deposits. The NI 43-101 report was
independently prepared by ACA Howe International Ltd of Toronto,
Ontario. Highlights of the resource estimates are shown below:
NI 43-101
Resource Update for the Garrcon Gold Deposit (0.4/1.5g/t block
cut-off) |
|
Measured:
521,000oz; 15,100,000 tonnes @ 1.07g/t |
|
Indicated: 526,000oz; 14,100,000 tonnes @ 1.16g/t |
|
Inferred
(pit): 39,000oz; 1,700,000 tonnes @ 0.72g/t |
|
Inferred
(underground): 577,000oz; 5,100,000 tonnes @ 3.49g/t |
|
NI 43-101
Resource Update for the Jonpol Gold Deposit (3.0g/t block
cut-off) |
|
Indicated: 150,000oz; 872,000 tonnes @ 5.34g/t |
|
Inferred:
192,000oz; 1,073,000 tonnes @ 5.56g/t |
Details about the updated resource estimate can be obtained on
the Company's website by following the link:
http://northerngold.ca/garrison-gold-property/43-101.pdf
The technical aspects of this press release have been reviewed
and approved by Michael Gross, M.Sc., P.Geo. the "Qualified Person"
as defined by National Instrument 43-101 for the Golden Bear
Project.
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. Gold
assays were completed by SGS Mineral Services through fire assay
procedures (FAI323 and FAG303). Details of these best practice
principals can be viewed on the Company's website at:
http://www.northerngold.ca/QA-QC.php.
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 amalgamation
with Victory Gold Mines Inc. and acquisition of the Lac Minerals
Property 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.
Northern Gold Mining Inc.Martin ShefskyInterim President &
Chief Executive Officer647.297.8793mshefsky@northerngold.caNorthern
Gold Mining Inc.Eric SzustakManager, Business
Development905.330.7948eszustak@northerngold.cawww.northerngold.ca
Northern Gold Mining Inc. (TSXV:NGM)
Historical Stock Chart
From Oct 2024 to Nov 2024
Northern Gold Mining Inc. (TSXV:NGM)
Historical Stock Chart
From Nov 2023 to Nov 2024