On February 7th, 2013, Northern Gold Mining Inc. completed the acquisition of a 100% interest in Victory Gold Mines Inc. with its Gold Pike Mine Property located adjacent to the operating Brigus Black Fox Mine and St. Andrew Goldfields Hislop Mine in the Timmins Gold District.
The Victory Gold Property comprises 1,163 acres along the Destor-Porcupine Fault Zone. As of October 2012, the Company had completed 37 drill holes, totalling 7,207 metres with the following highlights:
- 2.02 g/tonne Au over 71.5 meters – GP-11-14
- 3.35 g/tonne Au over 31.5 meters – GP-12-19
- 3.91 g/tonne Au over 15.6 meters – GP-12-32
Exploration in 2011 included 9 drill holes including:
- 7.13g/tonne Au over 65.4 meters – GP-11-08
Northern Gold's addition of the Victory Gold Mining Property marks its third acquisition in the Timmins region, including the recently acquired Buffonta and Harker-Holloway Gold Properties.
For further information:
Victory Gold Mining Inc. Fact Sheet 10/2012
