Northstar Intersects 18 g/t Gold Over 3.89 Metres and Discovers New Zones
Northstar Intersects 18 g/t Gold Over 3.89 Metres and
Discovers New Zones
Drilling to Resume in June
Vancouver, British Columbia--(Newsfile Corp. - June 3, 2020) -
Northstar Gold Corp.
(CSE: NSG) ("
Northstar
" or the
"
Company
")
,
is pleased to report recently received assay results from a partially complete Phase I diamond drill program on the
Company's 100% owned Miller Gold Property, situated 18 km southeast of the town of Kirkland Lake and Kirkland Gold's
Macassa gold mine.
A total of 2,211m of the planned 3,000 m drill program was completed in 13 holes between February 22 and April 04, 2020
when operations were suspended due to COVID-19 pandemic complications and concerns. All drill core has been logged with
samples assayed for gold by AGAT Laboratories in Mississauga, Ontario. Metallic screening was performed on 51 samples
associated with core intervals hosting coarse visible gold or gold tellurides with higher grade FA-AA samples >7 g/t Au
increasing by an average of 19%, indicating the presence of coarse gold.
The primary objective of the Phase I drill program was to further confirm and expand known near-surface, high grade
gold/telluride mineralization and portions of a historic estimate within the Vein 1 Zone, to test for deeper gold/telluride
mineralization associated with the central Allied Syenite and further define the near-surface Planet Syenite Zone where previous
Northstar drilling returned 3.32 g/t Au over 11.55m in a shear zone hosting stockwork style quartz veining and visible gold. All
objectives were partially achieved with the exception of the Planet Syenite drilling. Northstar is fully funded and positioning to
resume Phase I drilling (up to 1,900 metres in 10 holes) at the Miller Gold Property in mid-June.
Phase I drill results are highlighted by:
Hole MG20-34 intersected
18.01 grams per tonne
(g/t)
Au over 3.9 metres
(m), including
100.0 g/t Au over 0.6m
(VG);
this
confirms the high- grade nature of Vein 1 Zone, that it thickens and remains open at depth.
Hole MG20-37 intersected
2.31 g/t Au over 10.5m
including 3.94 g/t Au over 2.48m and
14.5 g/t Au over 1.0m
(VG) with
visible gold in a broad intercept of Vein 1 along the Allied Syenite contact.
Hole MG20-38 intersected
2.14 g/t Au over 11.6m
, including
11.8 g/t Au over 1.0m
, and
19.0 g/t Au over 0.5m
(VG);
this intercept is 50m above a previous intersection in drill hole MG15-20 of 14.1 g/t Au over 3.05m (including 40.5 g/t Au
over 1.0m), strongly suggesting a subvertical orientation for this new intrusion-centred "
Allied Zone
" discovery.
Brian Fowler, President and CEO of Northstar Gold Corp., said,
"Northstar knew the Miller Gold Property hosts significant
high-grade gold-telluride mineralization that is stacked and flat-lying. We wanted to discover vertical gold veining that vertical
structures suggested exist. We think we've just done that."
Readers are encouraged to visit the following link on the Company's website to view supporting maps and photographs from
Phase I drilling at the Miller Gold Property. (
https://northstargoldcorp.com/news/northstar-intersects-18-g-t-gold-over-3.89-
metres-and-discovers-new-zones-at-miller-gold-property-drilling-to-resume-in-june/
)
Phase I Exploration to Resume June 15, 2020
Northstar is positioning to resume Phase I diamond drilling at the Miller Gold Property on or about June 15
th
, 2020. Drilling will
follow up on the high-grade intercept in DDH MG20-34 in Vein 1, the new Allied Zone and Vein 2 discoveries, as well as the
Planet Syenite. Phase I exploration will also include a $350,000 integrated geophysics program that comprises 5 km
2
of 3D IP,
magnetic and gravity geophysical surveys. Saskatchewan based Dias Geophysical has been commissioned to mobilize to the
Miller Property in early June and commence geophysical surveying utilizing a DIAS32
distributed array 3D IP system with CVR
technology providing enhanced resolution and greater depth of investigation than conventional IP.
The Company is fully permitted and will conduct surface stripping in multiple areas of the Property where visible gold and gold
tellurides have been observed, to provide for geological mapping and additional sampling. Surface stripping has proven to be
highly effective in defining new mineralized zones on the Property as overburden is generally thin. This work will commence in
mid-July upon completion of the Phase I drilling program.
Northstar has commissioned GoldSpot Discoveries Corp. to process the Company's geophysical data and augment Northstar's
efforts to define deeper gold exploration drill targets on the Miller Gold Property.
"GoldSpot is pleased to be assisting Northstar
to evaluate current and future discovery potential and contribute our part to the exploration efforts of the Miller Gold Property,"
stated Vincent Dubé-Bourgeois, Chief Executive Officer of GoldSpot.
A 4,000 metre Phase II diamond drill program,
scheduled to commence in late August, 2020, will test these exploration targets and follow up Phase I drill results.
Vein 1 Zone Intersected in 11 of 13 Drill Holes; Open Along Strike and Widens at Depth
Northstar intersected the Vein 1 zone in 11 of 13 drill holes and was successful in expanding the East-West strike extent in both
directions. The best intersection on Vein 1 in DDH MG20-34 returned
18.01 g/t Au over 3.89m
between 56.86m and 60.75m,
including
100 g/t Au over 0.6m
between 59.47m and 60.07m depth, with abundant visible gold (Table 1). Phase I drilling has
confirmed Vein 1 Zone thickens at depth, remains open along strike and warrants additional drilling.
"Allied Zone" Discovery
The Allied Syenite was tested by drill holes MG20-36, 37 and 38, targeting subvertical ENE, NW and known shallow dipping
mineralized zones. Vertical drill hole MG20-37 intersected
2.31 g/t Au over 10.5m
from 91.97m to 102.47m, including 3.94 g/t
Au over 2.48m from 91.97m to 94.45m and
14.5 g/t Au over 1.0m
from 101.47m to 102.47m, with visible gold in a broad
intercept of Vein 1 along the Allied Syenite contact.
This new
Allied Zone
was intersected 65 metres northwest of drill hole MG20-37 by the cross-cutting drill hole MG20-38, which
intersected a continuous zone of dense quartz veining hosting visible gold, averaging
2.14 g/t Au over 11.63m
, including
19.0
g/t Au over 0.54m
from 232.14m and 232.68m and
11.8 g/t Au over 1.0m
from 242.77m to 243.77m. This intercept is 50m
above a previous intersection in DDH MG15-20 of
14.1 g/t Au over 3.05m,
including
40.5 g/t Au over 1.0m
, strongly
suggesting a sub vertical orientation for this new discovery. The new Allied Zone is the first time an intrusion-hosted vertical gold
feeder structure has been discovered at the Miller Gold Property, similar in style as vertical gold structures at Eldorado Gold's
Lamacque (Triangle) gold mine. Until recently, all historical drilling on the Miller Gold Property has been vertical in nature,
essentially precluding the possibility of discovering vertical gold-bearing structures. Additional step out and inclined drilling of the
Allied Zone is planned when Phase I drilling resumes later this month.
New Vein 2 Discovery
Drill hole MG20-38 also intersected a near surface vein in mafic volcanics east of the Allied Syenite that returned 6.59 g/t Au
over 1.84m from 51.1m to 52.94m depth, including
12.1 g/t Au over 0.91m
. This shallow zone is a postulated extension of a
historic intercept of 3.07 g/t Au over 5.0m from 20m to 25m depth in DDH MG14-11 within the Allied Syenite, 120 m to the West.
This new "Vein 2" discovery represents the first time that stacked lenses of sheeted quartz veining in the hanging wall of the Vein
1 zone have been found extending outside the boundary of the Allied Syenite within the mafic volcanics. A similar significant
intercept of
13.4 g/t Au over 1.5m
from 26m to 27.5m depth in DDH MG20-35 was made in the hanging wall of Vein 1
approximately 100m south of the Syenite contact, 215 m SSW of hole MG20-38, which possibly also represents "Vein 2". The
Vein 2 discovery highlights the near surface bulk tonnage potential of the Allied area where multiple shallow dipping parallel
zones ranging between 20m and 120m depth from surface (DDH MG14-07 returned
1.04 g/t Au over 97.5m
from 22m to
119.5m) appear to extend outwards in a halo around the Allied Syenite intrusion.
Miller Gold Property Phase I drill results are presented in Table 1 below:
Hole
No.
Collar
UTM -
Zone 17
Azimuth
(Degrees)
Dip
Angle
(Degrees)
From
(m)
To
(m)
Core
Length
(m)
True
Width
(m)**
Gold
Grade
(g/t)
Comments
MG20-28
582597E,
5317697N
322
-50
30.35
32.6
2.25
1.42
3.53
*
Vein 1
intercept
with visible
tellurides
MG20-29
582608E,
5317684N
322
-50
27.45
32.5
28
33.5
0.55
1.0
0.35
0.63
4.0
3.61
Vein 1
intercept
MG20-30
582661E,
5317714N
325
-45
37.12
37.84
0.72
0.42
4.7 *
Vein 1
intercept
with visible
tellurides
MG20-31
582754E,
5317744N
320
-51
1.0
incl.
1.0
5.5
incl.
2.5
4.5
incl.
1.5
3.6
incl.
8.51
ENE
striking sub
vertical fault
breccia
hosting
pyrite
stringers
MG20-31A
582754E,
5317744N
325
-51
60.0
incl.
60.0
73.04
incl.
73.04
62.5
incl.
61.5
75.15
incl.
74.0
2.5
incl.
1.5
2.11
incl.
0.96
1.70
incl.
1.02
1.44
incl.
0.65
2.52
incl.
3.3
1.29
incl.
2.0
Vein 1
intercept -
possible
blow out
MG20-32
582769E,
5317775N
0
-90
44.0
48.5
45.85
50.0
1.85
1.5
0.51
0.65
Vein 1 zone
possibly
sheared off
by faulting
MG20-33
582812E,
0
-90
55.75
56.33
0.58
0.56
3.29
Vein 1
5317769N
intercept
MG20-34
582850E,
5317767N
0
-90
56.86
incl.
59.47
60.75
incl.
60.07
3.89
incl.
0.6
3.77
incl.
0.58
18.0*
incl.
100.0*
Vein 1
intercept
with
abundant
visible
gold
MG20-35
582790E,
5317832N
0
-90
26.0
27.5
1.5
13.4
New
Discovery
of "Vein 2"
in hanging
wall of
Vein 1
MG20-36
582820E,
5317874N
325
-70
92
incl.
94.01
97.5
incl.
95.0
5.5
incl.
0.99
5.06
incl.
0.91
1.25
incl.
3.2
Vein 1
intercept
MG20-37
582801E,
5317949N
0
-90
19.36
91.97
incl.
91.97
101.47
126.48
169.54
220.1
239.21
20.36
102.47
incl.
94.45
102.47
128.36
170.54
221.05
241.35
1
10.5
incl.
2.48
1.0
1.88
1.0
0.95
2.14
0.97
10.19
incl.
2.41
0.97
1.82
2.4
2.31
*
incl.
3.94
14.5
*
3.53
2.5
6.9
2.18
Vein 2 in
hanging
wall of Vein
1
Vein 1
intercept
in Allied
Syenite
with
visible
gold
MG20-38
582905E,
5318052N
240
-46
51.1
incl.
52.03
83.05
109.03
159.12
171.2
232.14
incl.
232.14
242.77
277.67
52.94
incl.
52.94
85.95
110.0
160.12
172.2
243.77
incl.
232.68
243.77
278.67
1.84
incl.
0.91
2.9
0.97
1.0
1.0
11.63
incl.
0.54
1.0
1.0
6.59
incl.
12.1
1.5*
2.65
2.59
1.83
2.14
*
incl.
19.0
*
11.8
4.8
"Vein 2"
zone in
hanging
wall of
Vein 1
Visible gold
in feldspar
porphyry
dike
between
83.05m and
85.95m.
Possible
sub
vertical
"Allied
Zone" in
Allied
Syenite
with
visible
gold - New
Discovery
MG20-39
582949E,
5317975N
180
-47
146.22
incl.
147.0
148.49
incl.
148.49
2.27
incl.
1.49
2.06
incl.
1.36
1.98*
incl.
2.7*
Vein 1
intercept
with visible
gold
Visible gold or tellurides* True width unknown where not stated**
Quality Control
Northstar has implemented a quality control program for its Miller Gold Property to ensure best practice in the sampling and
analysis of the drill core, which includes the insertion of blanks, duplicates, and certified standards into the sample stream. NQ
sized drill core is saw cut with half of the drill core sampled at intervals based on geological criteria including lithology, visual
mineralization, and alteration. The remaining half of the core is stored on-site at Earlton, Ontario.
Drill core samples are submitted to AGAT Laboratories Timmins, Ontario facility for sample preparation and forwarding to
AGAT Laboratories Mississauga Ontario for analyses. Gold analyses are obtained via industry standard fire assay with atomic
absorption finish using 50 g aliquots. For samples returning greater than 10 g/t gold follow-up fire assay analysis with a
gravimetric finish is completed. Based on initial fire assay gold indications as well as visual indication of mineralization and
alteration, intervals are selected for re-assay by the screen metallic fire assay method. Samples are also analysed for 43 trace
and major elements by ICP-OES following a four-acid digestion. AGAT Laboratories are ISO/IEC 17025:2017 accredited (Lab
No. 665) for the preparation and analyses performed on the Miller Gold samples.
Qualified Persons
The sampling and QA/QC program was undertaken by Company personnel under the direction of Mr. Gary Lustig, P.Geo., and
Luc Harnois, P.Geo, the Geologist on site. A secure chain of custody is maintained in storing and transporting of all samples.
Trevor Boyd, PhD, P.Geo., a 'Qualified Person' (Q.P.) as defined under Canadian National Instrument NI 43-101, has prepared
and reviewed technical aspects of this news release.
About the Miller Gold Property
The Miller Gold Property and the Kirkland Lake Gold camp share many important geological features such as similar rock types,
gold telluride mineralogy, timing of mineralization and large-scale hydrothermal gold systems featuring multi-stage and long-lived
alkalic magmatic gold deposition. This strongly suggests the gold mineralization in both regions is derived from a common gold
enriched alkaline magmatic-hydrothermal reservoir at depth and channelled to surface by deep seated, interconnected
structures such as the first order Catharine Fault zone. An important difference is the Miller Property, in addition to high-grade
gold-telluride mineralization, has several near-surface broad, low-grade bulk-tonnage drill zones (Planet and Allied Syenites) and
remains un-explored at depth.
About Northstar Gold Corp.
Prior to going public on the CSE on January 2, 2020 by way of a recently completed $3 million Initial Public Offering, Northstar
operated for the past 11 years as a private company focused primarily on gold exploration in the prolific Kirkland Lake District in
northeastern Ontario (>24.5 million ounces gold produced from 7 mines since 1915). During this time, the Company raised
nearly $7 million to acquire and advance 3-100% owned gold and base-metal properties in the Kirkland Lake region. Northstar
has an accomplished Board, Special Advisor and Management Group comprised of professionals highly experienced in
exploration, mining, finance and investment banking on a global basis. On March 31
st
, 2020 the Company announced it had
closed a $989,509 non-brokered flow through financing to provide for continued exploration at the Miller Gold Property.
On behalf of the Board of Directors,
Mr. Brian P. Fowler, P.Geo.
President, CEO and Director
(604) 617-8191
For further information, please contact:
Derek Wood
Conduit IR
(403) 200-3569
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain forward looking statements which involve known and unknown risks, delays, and
uncertainties not under the control of Northstar Goldcorp. which may cause actual results, performance or achievements of
Northstar Gold Corp to be materially different from the results, performance or expectation implied by these forward looking
statements. By their nature, forward looking statements involve risk and uncertainties because they relate to events and
depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry
production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES.
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https://www.newsfilecorp.com/release/57155