Northern Gold Mining Inc.
TSX Venture: NGM
Mission Statement
Northern Gold Mining Inc. is a junior resource company based in Toronto, Ontario and dedicated to gold exploration in the proven mining camp of Kirkland Lake in Northern Ontario. The goal of our experienced and highly skilled team is to maximize shareholder value through focused exploration and aggressive testing of high quality targets.
Our current focus is the Garrison gold property, thirty-five patented
claims in Garrison Township approximately 40 kilometres north of Kirkland
Lake and 100 kilometres east of Timmins, Ontario. Although there has been
insufficient exploration to define a mineral resource on the Garrcon Zone,
it is described in the NI 43-101 technical report filed on SEDAR by
Northern Gold on 21 October 2009 as having the potential to host a bulk
tonnage, open-pit operation with the potential for up to 30 million tonnes
ranging in grade from 1 to 3 grams per tonne gold. Eleven diamond drill
holes totaling 2,333 metres were completed in 2009 on the Garrcon Zone,
with analysis have now been received for the first five holes. Multiple
occurrences of visible gold were observed as fine dissemination in each of
the first eight holes logged to date. Northern Gold has announced assay
results from the first five holes including GAR-09-01: 22.0 metres [m]
grading 4.21 grams/tonne gold [g/t Au], including 11.2 m grading 7.03 g/t
Au; GAR-09-02: 56.1 m grading 2.14 g/t Au, including 3.4 m grading 16.9
g/t Au; GAR-09-03: 34.0 m grading 1.05 g/t Au; GAR-09-04: 102.5 m grading
1.38 g/t Au including 32.0 m grading 2.25 g/t and 2.0 m grading 12.33 g/t;
and GAR-09-05: 151.0 m grading 0.88g/t and 83.0 m grading 1.00 g/t Au. In
addition, the Jonpol zone on the Garrison gold property 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), according to the NI 43-101
technical report filed by Northern Gold on SEDAR on 21 October 2009.
Northern Gold is also developing properties in two areas of Kirkland Lake,
Ontario: the Benoit Property and Kirana Claims. Located in one of Canada's
most prolific mining regions, these properties include drill ready targets
and a large grass roots exploration package.
