Northern Gold Initiates Phase II Drilling on Garrison Gold Property
Toronto, Ontario (10 May 2010): Northern Gold Mining Inc. (“Northern Gold” or “the Company”) (TSX-V: NGM) announces today that the 2010 Phase II diamond drilling program at the Garrcon prospect of the Garrison gold property has commenced. All supplies and equipment are in place and drilling will begin this morning.
The Phase II drill program will consist of ten to fifteen holes, with each hole being fifty to four hundred metres in length, for total drilling of approximately 2,500 metres. As part of its due diligence, Northern Gold compiled and digitized historic data into a 3-D model. Drill targets are based on an analysis of this model.
Drilling will be carried out by Major Drilling Group International, Inc. The drill program will target the North, Shaft, and South zones of the Garrcon prospect, drilling down to a vertical depth of two hundred metres to investigate mineralization at levels amenable to open pit mining.
Northern Gold is in the first year of an option agreement under which it is earning its interest in the Garrison gold property from ValGold Resources Ltd. (“ValGold”, TSX-V: VAL). For more information on the option agreement, please see the Company’s news release dated 14 September 2009.
This Press release has been reviewed by Brad Leonard P.Geo., exploration manager for Northern Gold Mining Inc., who is the “Qualified Person” as defined by NI 43-101 for this project.
Northern Gold Mining Inc. is a Toronto based junior resource company dedicated to gold exploration in the Timmins and Kirkland Lake mining camps of Northern Ontario. The Company’s focus is the Garrison gold property, which contains an indicated resource of 253,100 tonnes grading 7.77 grams per tonne gold (63,200 ounces) and an inferred resource of 1,555,800 tonnes grading 4.93 grams per tonne gold (246,540 ounces), per a NI 43-101 report filed by Northern Gold on SEDAR on 21 October 2009.
For further information please contact:
Northern Gold Mining Inc.
Martin R. Shefsky Jeffery P. Boykin President and CEO Corporate Secretary Tel: (416) 366 - 7300 Mobile: (647) 269 - 7300 Fax: (416) 366 - 7301 Tel: (416) 366 - 7300 E: [email protected] Fax: (416) 366 - 7301 Web site: www.northerngold.ca E: [email protected]
416.366.7300 Phone | 416.366.7301 Fax | 647.297.8793 Cell | 20 Victoria St., Suite 800 | Toronto, Ontario M5C 2N8 | www.northerngold.ca
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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 the information contained herein. This News Release includes certain “forward-looking statements”. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, future plans and objectives of Northern Gold Mining Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Northern Gold Mining Inc.’s expectations are the risks detailed herein and from time to time in the filings made by Northern Gold Mining Inc. with securities regulators.