Northern Gold's Impressive Initial Bulk Sample Results
Northen Gold Inc. reports that approximately 800 troy ounces of gold at an average grade of 2.0 g/t was recovered from initial bulk sampling program results at its Garrcon Project, part of the Company's Golden Bear Project located east of Timmins.
As of October 16th, 13,183 dry tonnes of mineralized material had been processed in two batches by St Andrew Goldfields Ltd. ("SAS") at their Holt Mill. Final reconciliation from the second batch is pending refinery adjustments.
"The bulk sample program to date has focused on the west pit. As we transition to the east pit area, we anticipate higher grade material as suggested by the ongoing definition drilling program. Building inventory, maintaining grade and cost controls are our focus. Gathering "real world" production metrics and costing to support a pre-feasibility study for the Garrcon Project is the goal of the bulk sample program. At this stage, things are going very well." said Eric Moeller, President and Chief Executive Officer of Northern Gold.
Duncan Middlemiss, President and Chief Executive Officer of SAS, said, "The throughput and recovery of the Garcon ore has been impressive. Recoveries to date have averaged approximately 95%, which result in the low tailings grades of less than 0.1g/t experienced over the current milling campaign."
As stockpiles build up, the Company expects to process up to two 8,000 tonne batches per month until a minimum of 80,000 tonnes are processed.
The technical aspects of this press release have been reviewed and approved by Michael Gross, M.Sc., P.Geo., the "Qualified Person" as defined by National Instrument 43-101 for the Golden Bear Project.
About Northern Gold
Northern Gold is a TSXV-listed gold company based in Toronto, Ontario. The Company's main focus is the exploration and development of its prospective mineral properties at the Golden Bear Project in the Larder Lake Mining Division in northeastern Ontario. Northern Gold has a portfolio of advanced exploration projects, including the Jonpol and Garrcon Deposits and the Buffonta Property. Recent transactions, including the amalgamation with Victory Gold Mines Inc. and acquisition of the Lac Minerals Property, add to the Company's regional consolidation strategy along the Destor-Porcupine Fault Zone.
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