Home > News > Northstar Target Study...

Northstar Target Study Reveals 250,000 to 500,000 Ounce Gold Exploration Potential in Allied and Vein 1 Zones at Miller Gold Property near KL

Jul 27, 2022

Northstar Gold Corp. announces Ronacher McKenzie Geoscience Inc. ("Ronacher McKenzie") and SRK Consulting (Canada) Inc. ("SRK") have completed 3D deposit modeling and geostatistical gold and tonnage range estimations for the main Allied Gold Zone (including Vein 1) at the Company's 100%-owned Miller Gold Property, situated 18 km southeast of Kirkland Lake, Ontario. 

Miller Gold Property Exploration Target Study Highlights and Important Implications

  • The Allied and Vein 1 Exploration Targets remain open to expansion with potential to increase tonnage and gold grade by additional drilling.
  • Target Study gold grade range estimates of 1.39 to 2.04 g/t Au may provide a reasonable prospect of achieving a mineral resource with increased tonnage.
  • Vein 1 South, with a grade range of 4.80 to 7.54 g/t Au, represents a high-grade gold target open to expansion, with potential to contribute to a future mineral resource estimate that may provide basis for an underground mining evaluation study. 

*The above Exploration Target estimate highlights the exploration potential of the known gold zones on the Miller Gold Property. The quantity and grades are purely conceptual in nature. Insufficient exploration has been carried out to define a mineral resource on the property. A qualified person has not done sufficient work to classify this Exploration Target estimate as current mineral resources and the Company is not treating this Exploration Target estimate as current mineral resources. These estimates must be fully verified with additional exploration work using NI43-101 reporting and CIM best practices and procedures. These values cannot and should not be relied upon and are only referred to herein as an indication of potential mineralization on the property. It remains uncertain whether a mineral resource will be delineated on the Property.

**Uncapped estimates are only included to illustrate the sensitivity of Exploration Target estimates to gold grade capping.

1 No grade capping with soft boundaries applied as constraint on Veins - includes all domains and 150m extension on Vein 1.
2 Higher grade capping @ 60g/t Au in Veins - includes all domains and 150 metre extension around Vein 1.
3Low grade capping @ 20 g/t Au in Veins - includes all domains but with no extension around Vein 1.

"The SRK Miller Gold Property Exploration Target Model Study is a milestone achievement for Northstar Gold Corp.", states Brian P. Fowler, P.Geo., President, CEO and Northstar Director. "The Company now has 3rd party validation that the Allied Gold Zone and Vein 1 Zone have the potential to host significant near-surface gold resources with expansion potential. Northstar is one step closer to achieving our corporate strategy of defining a +1 million ounce gold resource at Miller."

"Exploration Target Study results overlay less than 20% of the Miller Gold Property (Figure 1) and do not include numerous additional gold exploration targets and recent discoveries. Northstar is positioning to conduct additional drilling on the Allied, Planet and Meilleur Syenite gold targets in a Phase III program, with a focus on Allied Gold Zone expansion drilling."

Drilling outside of the Target Area has provided long intercepts (50 metres to 150 metres) of near surface, lower grade (0.5 to 1.5 g/t) gold mineralization at two additional and nearby Syenite intrusions, with a 100-metre wide stockwork zone in the Meilleur Syenite yielding 2.13 g/t Au over 13.05 metres and a 147.2 metre intersection averaging 0.60 g/t Au at the Planet Syenite. 

The Exploration Target Study area is illustrated below in Figures 1, 2 and 4. Estimation results are based on 130 of 471 drill holes completed on the Allied and Vein 1 Gold Zones to date, both of which remain open at depth, along strike and down dip.


Tags: Northern Ontario / Exploration / Gold / All Articles