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New Discovery of High Grade Gold 2305 g/t (67.22 oz/t) on Northern Gold Mining's Kirana Property (Revised) TORONTO, ONTARIO--(MARKET WIRE)--Jul 23, 2008 -- Northern Gold Mining Inc. (CDNX:NGM.V - News) is pleased to provide
revised assay results that include all results on a promising,
previously unknown zone of mineralization containing areas
assaying high grades of gold (up to 2305.12 g/t, or 67.22
oz/ton) and local coarse, visible gold at its Kirana Project.
The Kirana Project is the company's most recently acquired
ground and the area containing the new gold bearing zone
lies in Teck Township, Ontario, approximately five kilometers
northeast of the historic Kirkland Lake gold camp.
Samples were variously collected from single points and along sampling lines up to 6 metres long and cutting across mineralized areas by means of chip and channel sampling over both the stripped areas. The two stripped areas are more than 40 metres apart and it has yet to be determined if they are two parts of the same mineralized zone or two entirely separate zones. On the eastern stripping area (the Matheson Zone) an approximately 5 metre wide strong shear zone, striking 060 degrees to 080 degrees, appears to control very high grade gold mineralization. 20 samples collected over a 12 metre strike length along the shear returned assays as high as 2305.12 g/t Au (67.22 oz/ton) with coarse visible gold observed at various locations within the Matheson Zone.
Matheson Zone Assay Table
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Length
Sample # Assay (g/t) Assay (oz/ton) Type (metres) Assay Certificate #
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28251 2305.12 67.22 Selected NA 4105
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28202 827.6 24.14 Selected NA 4105
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28203 566.68 16.53 Selected NA 4105
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28252 94.7 2.76 Selected NA 4105
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28201 28.05 0.82 Selected NA 4105
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28255 13.58 0.4 channel 0.8 4105
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48409 2.28 0.07 channel 0.9 7W-3820-RG1
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28253 2.19 0.06 channel 0.4 4105
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48404 1.8 0.05 channel 0.6 7W-3820-RG1
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22943 1.65 0.05 Selected NA 7W-3820-RG1
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48408 1.44 0.04 channel 0.7 7W-3820-RG1
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48405 1.27 0.04 channel 0.6 7W-3820-RG1
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48407 1.21 0.04 channel 0.65 7W-3820-RG1
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22944 0.89 0.03 Selected NA 7W-3820-RG1
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28300 0.62 0.02 Selected NA 4107
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48406 0.5 0.01 channel 0.6 7W-3820-RG1
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28254 0.41 0.01 channel 0.7 4105
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28274 0.34 0.01 Selected NA 4106
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28288 0.14 TR Selected NA 4106
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28287 0.07 TR Selected NA 4106
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22947 0.06 TR Selected NA 7W-3820-RG1
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28295 TR TR Selected NA 4107
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22945 TR TR Selected NA 7W-3820-RG1
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28275 TR TR Selected NA 4106
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28286 TR TR Selected NA 4106
----------------------------------------------------------------------------On the western stripping area (the Hillside Zone) a pervasive quartz- iron carbonate alteration and brecciation over the approximately 16 x 8 metre stripped area has returned assays as high as 40.56 g/t (1.18 oz/ton) from various locations within the zone. The control and thicknesses of this mineralization as well as its relationship to the apparently shear controlled high-grade gold mineralization on the Matheson Zone have yet to be determined.
Hillside Zone Assay Table
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Length
Sample # Assay (g/t) Assay (oz/ton) Type (metres) Assay Certificate #
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48415 40.56 1.18 Channel 1.0m 7W-3820-RG1
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28271 27.98 0.82 Selected NA 4106
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28267 5.07 0.15 Channel 0.4m 4106
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28277 3.09 0.09 selected NA 4106
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28259 2.67 0.08 Channel 1.0m 4105
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28256 2.4 0.07 Channel 1.0m 4105
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28261 1.85 0.05 Channel 1.0m 4105
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28265 1.85 0.05 Channel 1.0m 4105
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48414 1.76 0.05 Channel 1.0m 7W-3820-RG1
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48416 1.61 0.05 Channel 1.0m 7W-3820-RG1
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28257 1.58 0.05 Channel 1.0m 4105
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28260 1.58 0.05 Channel 1.0m 4105
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28263 1.51 0.04 Channel 1.0m 4105
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28266 1.51 0.04 Channel 0.55m 4106
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28272 1.51 0.04 Selected NA 4106
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28270 1.37 0.04 Selected NA 4106
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28262 1.3 0.04 Channel 1.0m 4105
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28276 1.23 0.04 Selected NA 4106
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28289 1.23 0.04 Selected NA 4106
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28285 1.1 0.03 Selected NA 4106
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48417 1.07 0.03 Channel 1.0m 7W-3820-RG1
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48418 1.06 0.03 Channel 0.7m 7W-3820-RG1
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28205 0.96 0.03 Selected NA 4107
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28279 0.96 0.03 Selected NA 4106
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48413 0.92 0.03 Channel 1.0m 7W-3820-RG1
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28280 0.89 0.03 Selected NA 4106
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28268 0.82 0.02 Channel 0.6m 4106
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28204 0.75 0.02 Selected NA 4107
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28283 0.75 0.02 Selected NA 4106
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48419 0.44 0.01 Channel 0.7m 7W-3820-RG1
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28258 0.41 0.02 Channel 1.0m 4105
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28264 0.34 0.01 Channel 0.3m 4105
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28282 0.34 0.01 Selected NA 4106
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28290 0.14 Trace Selected NA 4106
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48412 0.13 Trace Channel 1.0m 7W-3820-RG1
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28291 0.07 Trace Selected NA 4107
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28278 0.07 0.00 Selected NA 4106
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28269 Trace Trace Channel 0.5m 4106
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28284 Trace Trace Selected NA 4106
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28281 Trace Trace Selected NA 4106
----------------------------------------------------------------------------Northern Gold is now commencing an expanded stripping program to gain better understanding of the extent and character of the newly discovered zone through mapping and more systematic sampling, to be followed by diamond drilling to ascertain the characteristics and potential of this new discovery in the third dimension. A comprehensive exploration program of the immediate area surrounding the discovery area is being formulated. Northern Gold Mining follows certain quality assurance and control (QA/QC) procedures to ensure sampling and analysis of all exploration work is conducted in accordance with the best possible practices. The rock samples collected were sent to the ISO 9001:2000 certified Polymet Laboratories in Cobalt, Ontario where samples were analyzed for gold using fire assaying techniques. As part of its QA/QC work, the Company submits blanks and standards approximately every 50 samples to check for possible analytical error. Approximately 5% of sample rejects and/or pulps are sent to different labs for check assaying. Results of this sampling program and the sampling procedures have been reviewed by R.V. Zalnieriunas P.Geo. an independent consulting geologist who is the "Qualified Person" as defined by NI 43-101 for this project. CAUTIONARY STATEMENT: 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.
Contact: Contacts:
Northern Gold Mining Inc.
Martin Shefsky
President and CEO
(416) 366-7300
(416) 366-7301 (FAX)
Email: mshefsky@northerngold.ca
Northern Gold Mining Inc.
Jeffery Boykin
VP Investor Relations Regulatory Affairs
(416) 366-7300
(416) 366-7301 (FAX)
Email: jboykin@northerngold.ca
Website: http://www.northerngold.ca
Source: Northern Gold Mining Inc.
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