Northgate Minerals Corporation announced that assay results from the four diamond drill holes at their Young – Davidson project were favorable. Two holes drilled showed a new Indicated and Inferred Resource estimate of 536,000 and 53,000 ounces, respectively.
The results from these two holes have enlarged the zone with a higher average grade than the main Young-Davidson deposit. Hole YD11-244, drilled south to north, returned an intersected width of 54.0 m grading 5.44 grams per tonne gold, including 48.3 m grading 5.99 g/t.
Hole YD11-243A, an oblique hole completed in the upper portion of the YD West zone, returned 2.68 g/t over 31.2 m east of a post mineral dyke and 4.60 g/t gold over 39.2 m west of the same dyke. Two diamond drills are continuing to explore the YD West zone1. Results from the ongoing exploration will be forthcoming shortly.
In the Upper Boundary Zone reserve another two holes were drilled. Hole YMX11-01 returned 3.07 g/t gold over 54.2 m, including 3.31g/t gold over 45.3 m in the UBZ, indicating the zone at this location is up to 30 m wider than previously modeled.
Hole YMX11-02 confirmed that the UBZ has a depth extent as modeled in the reserve and does not continue below the 9550 m elevation. These have slightly expanded the resource and highlight the potential of a new footwall zone, the YMX Footwall, which may provide another underground mining front on the property.
Richard Hall, President and CEO of Northgate said that their exploration program at Young-Davidson continued to yield exceptional results. The exciting results from the YMX Footwall, combined with the nearly 600,000 ounces recently reported at YD West, mean that we could realize an additional one million ounces of resources on the property from our 2011 drill program, he added.