Northern Lion Reconnaissance Drilling Intercepts 12.19 Metres of 2.45 g/t Gold and 1.77% Copper at Anglesides, Cyprus
October 12 2011 - 10:32AM
Marketwired
Northern Lion Gold Corp. (the "Company" or "Northern Lion") (TSX
VENTURE:NL)(FRANKFURT:N3E) wishes to announce significant gold and
copper results from the rotary drilling program on its' 100% owned
Anglesides project within the Republic of Cyprus.
The Company has received results for seven vertical rotary holes
totaling 272.37 metres drilled in the Anglesides project area, and
four out of the seven holes returned significant results, (see
table below). These assays represent the first results from the
ongoing reconnaissance rotary drilling program that began in July
2011. The rotary drill program is designed to follow up on results
from the previous diamond drill program and various soil and
surface rock samples.
Anglesides Significant Rotary Drill Results:
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From To Interval Au Ag Cu Zn
Rotary Hole (m) (m) (m) ppm ppm % %
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ANRD11-01 12.19 18.29 6.1 1.03 4.5 0.43 0.54
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ANRD11-02 12.19 27.43 15.24 1.05 4.32 1.1 0.59
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ANRD11-03 3.05 15.24 12.19 2.45 9.08 1.77 0.29
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Including 3.05 6.1 3.05 7.35 25 4.65 0.53
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ANRD11-05 24.38 27.43 3.05 2.48 6.1 2.58 1.16
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m = metres, ppm = parts per million
Three of the holes listed above (ANRD11-02, ANRD11-03 and
ANRD11-05) are aligned in an east west direction covering a strike
length of approximately 65 metres. The most western hole
(ANRD11-03) is located on the eastern edge of the known Anglesides
showing. ANRD11-02 was drilled to depth of 38.1 metres, ANRD11-03
had a depth of 30.48 metres while ANRD11-05 was drilled to 45.72
metres. All three of these holes ended in gold mineralization, the
last sample in hole ANRD11-02 returned 0.14 grams per tonne ("g/t")
gold, the last sample in ANRD11-03 returned 0.33 g/t gold and
ANRD11-05 returned 0.16 g/t gold.
This zone of interest is near surface and appears to be flat
lying. Additional holes are planned to better define the strike and
extent of the mineralized zone.
The Anglesides project was applied for on the basis of
historical information derived from the ongoing evaluation of data
acquired from the Geological Survey of Cyprus department, and
information supplied by the Company's consultants in Cyprus. A
small amount of mining occurred in the 1930's by the Cyprus Mines
Corporation, when it reportedly extracted 88 long tonnes of cuprous
pyrite grading 5.98% copper. At the same time 1,336 short tonnes of
auriferous ore were extracted grading 24.5 g/t gold and 86.4 g/t
silver.
Drilling by the Geological Survey Department in 1970 located
immediately east of the main gossans intersected 15.3 metres of
2.3% copper (gold was not assayed).In 1977, Noranda acquired the
project and drilled additional holes and confirmed these results.
Noranda also analyzed a portion of this drillhole for gold and
returned an interval from 7 to 19 metres that assayed 1.44% copper
and 4.4 g/t gold. No other gold assays within the historical
drilling appear to have been carried out.
A series of gossanous outcrops occur over an area of 150 by 100
metres within a northerly trending gulley. The Company completed a
series of chip and grab samples throughout this gulley and received
grab samples as high as 50.1 g/t gold (reported September 15,
2010).
The results continue to support the Company's belief that within
the Republic of Cyprus there is an under-evaluated gold
mineralizing system in addition to the historically known massive
sulphide bodies. The rotary drilling program continues and will
test a number of prospective targets.
Quality Control and Assurance
The Company's field activities in Cyprus are under the direction
of Jim Chapman, P.Geo. (BC), consultant to the Company and
"qualified person", as defined by National Instrument 43-101, who
is responsible for the technical content of this news release.
About Northern Lion
Northern Lion Gold Corp. is a Canadian mineral exploration
company, listed on the TSX Venture Exchange and the Frankfurt
Exchange. The Company is committed to building a strong portfolio
of projects within mining-friendly and infrastructure-rich areas of
Europe.
In addition to the Company's exploration permits in Cyprus, the
Company holds a 100% interest in its Moura Licence in Portugal.
NORTHERN LION GOLD CORP.
John Lando, President
This news release includes "forward-looking information", as
such term is defined in applicable securities laws. The
forward-looking information includes, without limitation, the
success of exploration activities and other similar statements
concerning anticipated future events, conditions or results that
are not historical facts. These statements reflect management's
current estimates, beliefs, intentions and expectations; they are
not guarantees of future performance. The Company cautions that all
forward-looking information is inherently uncertain and that actual
performance may be affected by a number of material factors, many
of which are beyond the Company's control. Such factors include,
among others, risks and uncertainties relating to exploration and
development; the ability of the Company to obtain additional
financing; the Company's limited operating history; the need to
comply with environmental and governmental regulations; potential
defects in title to the Company's properties; fluctuations in
currency exchange rates; fluctuating prices of commodities;
operating hazards and risks; competition; and other risks and
uncertainties. Accordingly, actual future events, conditions and
results may differ materially from the estimates, beliefs,
intentions and expectations expressed or implied in the
forward-looking information. All statements are made as of the date
of this news release and, except as required by law, the Company is
under no obligation to update or alter any forward-looking
information.
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 news release.
Contacts: Northern Lion Gold Corp. John Lando (604) 669-2701 or
Toll Free: 1 800 663 0510 Northern Lion Gold Corp. Ian Mitchell
(604) 669-2701 or Toll Free: 1 800 663
0510info@northernliongold.comwww.northernliongold.com
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