May 6 2015
NORTHERN GOLD MINING INC. ("Northern Gold" or the "Company") is pleased to announce updated results from the bulk sampling program at its Garrcon deposit, part of the Company's Golden Bear Project1. All results are as of April 30, 2015.
- Batch 7: Processed 4,625 dry tonnes grading 2.0 g/t recovering 281.2 oz Au at 96.4% recovery
- Total to date: processed 40,625 dry tonnes of mineralized material at an average head grade of 1.67 g/t (51% of the total bulk sample program of 80,000 tonnes) in seven batches by St Andrew Goldfields Ltd. ("SAS") at their Holt Mill. The first batch was processed September 13, 2014, with the most recent complete batch ending March 3rd, 2015.
- Recovered 2,080.1 troy ounces of gold from the mineralized material with a realized value of C$2,920,826.
- Achieved an average mill recovery of 95.1%.
Mill availability is at the sole discretion of St Andrew Goldfields Ltd (TSX:SAS)(OTCQX:STADF), "Northern Gold Mining, Inc. material continues to process well through the Holt mill, leaching kenetics in carbon circuit (CIL) are extremely fast and this has resulted in very low cyanide rates and good recovery," said René Carre, Mill Superintendent, St Andrew Goldfields Ltd.
"Development and stripping are now completed, with the West and East pits joined together to the south. We are on schedule to complete the bulk sample program, with all remaining material required under the Custom Milling Agreement expected to be delivered to the Holt Mill before the end of June," said Eric Moeller, President & CEO, Northern Gold Mining, Inc.
Milling on Batch 8, comprised of approximately 15,000 tonnes, began on May 2nd.
As expected some higher grade pockets of free gold in quartz have been observed (specimen photos are shown on the Company's website). This was expected from the exploration drilling, and this nugget effect was considered in the preparation of the resource estimate1. This material is not representative of the overall Garron deposit whittle pit shell grade of 1.12 g/t. This material has an east-west trend and is to the south of, and parallel to, a lamprophyre dike. The Company will be examining if this could be a minable unit for the next 70,000 bulk sample campaign.
Technical Information and Qualified Person
The technical aspects of this press release have been reviewed and approved by Mr. Michael Gross, M.Sc., P.Geo., the "Qualified Person" as defined by National Instrument 43-101 for the Golden Bear Project.
1) TECHNICAL REPORT ON THE GOLDEN BEAR PROJECT - GARRISON PROPERTY, Report No. 975, A.C.A. Howe International Limited Toronto, Ontario, Canada, Effective Date: December 30, 2013, Signing Date: March 03, 2014, filed by the Company on SEDAR. "Non-diluted Measured+Indicated Mineral Resources considered amenable within the USD$1250 preliminary pit shell to open pit mining (at the Garrcon deposit), totaled 29.2 million tonnes with an average gold grade of 1.12 g/tonne for 1,047,000 ounces".
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 in 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.