TORONTO, ONTARIO — (Marketwire) — 10/25/12 — NORTHERN GOLD MINING INC. (TSX VENTURE: NGM) („Northern Gold“ or the „Company“) today announced results from 21 additional diamond drill holes and 3 drill hole extensions from its surface diamond drilling program on its 100% owned Garrison Gold Property, 100 km east of Timmins, Ontario. The reported holes comprise 10,056 metres from a total of 18,176 metres in 37 drill holes and 9 drill hole extensions completed to date in 2012.
Highlights include:
Jonpol East
Garrcon Deposit
Hole GAR-12-224, collared on line 14+75W, targeted the down-dip extension of the Jonpol East Zone. The hole intersected two 2-metre intervals of 9.85 g/t Au and 15.02 g/t Au at depths of 286m and 312m, respectively.
Hole GAR-12-114X, collared on line 10+50W, is an extension of hole GAR-11-114. The hole extends mineralization at the Garrcon Deposit downhole an additional 15 metres, with an overall drill intercept of 166 metres grading 1.77 g/t Au.
Greg Gibson, President and CEO of Northern Gold, stated, „Today-s drill results, including some of the hole extensions, confirm that the Garrison Property is host to two gold deposits the extents of which have yet to be outlined. Future drilling will aggressively focus on further delineation of both deposits on strike and at depth.“
Table 1 – Jonpol East Assay Results (i) – The three drill holes in Table 1 targeted the Jonpol East Zone in an area of widely spaced drilling. Assay results show the down-dip Jonpol East Zone mineralized intersection in GAR-12-224 at 73 meters is about 40 meters wider than any intersection previously reported. Mineralization was also encountered in metasediments and ultramafic rocks outside the Jonpol East Zone.
Table 2 – Garrcon Assay Results (ii) – The drill hole results reported in Table 2 are significant assays from five drill holes stepping out to the west on the northwest side of the Garrcon Deposit. These drill holes are all west of Section Line 14+75 W and primarily target the westward extension of the North and Green Zones. High grade assays are cut to 34.0 g/t for comparison purposes.
Table 3 – Garrcon Assay Results(iii) The significant drill hole results reported in Table 3 are from Garrcon Deposit infill drill holes focusing mainly on defining gold mineralization in locations where drill hole spacing exceeds 100 meters at depths deeper than 150 meters vertical. High grade assays are cut to 34.0 g/t for comparison purposes.
Table 4 – Garrcon Assay Results(iv) The significant drill hole results reported in Table 4 are from step-out drill holes going east of Section 7+00 W. A majority of these holes are drilled on 50 to 100 metre grid spacings.
Complete details of the holes reported here as well as all other drilling completed by Northern Gold and previous operators in both cross-section and plan can be viewed on the Company-s website at: .
Table 5 – Location and Initial Orientation of Drill Holes
Quality Assurance/Quality Control
Northern Gold uses comprehensive, industry standard QA/QC protocols for diamond drilling, core recovery, handling, sampling, shipping and assaying. Details of these protocols can be viewed on the Company-s website at: .
About Northern Gold
Northern Gold Mining Inc. is a TSX-V listed, publicly traded junior resource company based in Toronto, Ontario, dedicated to the discovery and development of high value mineral deposits in the proven mining camps of Kirkland Lake and Timmins in north eastern Ontario. Northern Gold is focused on outlining two gold deposits at an advanced stage of exploration on its 100% owned Garrison Gold Property. The Company has recently acquired the Buffonta Property just 4 km southwest. In addition to the Jonpol and Garrcon gold deposits, the Garrison Property hosts several other gold mineralized showings, including the less advanced 903 gold mineralized area. Northern Gold Mining Inc. has historical mining infrastructure at both the Jonpol and Garrcon Deposits, is commencing exploration of the Buffonta Property, and continues to expand its land holdings in the region.
The technical aspects of this press release have been reviewed and approved by Michael Gross M.S., P.Geo., Manager, Project Development of Northern Gold Mining Inc., and the „Qualified Person“ as defined by NI 43-101 for this project.
CAUTIONARY STATEMENT: This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Northern Gold-s objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in Northern Gold-s public documents filed on SEDAR. Although Northern Gold believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Northern Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) 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.
Contacts: Northern Gold Mining Inc. Martha Digby 416.366.7300 or Cell: 416.455.7670 416.366.7301 (FAX)
