Northgate Minerals Corporation NGX:CA announced results from its Fosterville and Stawell Gold Mines in Victoria, Australia. Assay highlights include 14.1 g/t gold over 4.7 metres, 5.8 g/t over 5 metres, 5.4 g/t over 24.9 metres (including 11.5 g/t over 5.6 metres), 5.5 g/t over 18.6 metres, 13.2 g/t over 4 metres, 4.9 g/t over 16.4 metres, 15.9 g/t over 5.1 metres (including 40.3 g/t over 1 metre) and 24 g/t over 10.6 metres.
President/CEO Ken Stowe commented, “The excellent results received to date represent a significant step towards achieving our goal of reserve and resource expansion at our Australian mines. Drilling within the Phoenix Footwall and Extension down dip from the existing reserves is testing for the large scale continuity of the Phoenix Deposit, which has been the most productive orebody identified on the property to date, and while in its early stages, we are encouraged by the excellent results and the potential to add to reserves. We also continue to be very excited on the progress that is being made at Stawell in identifying new areas on our mining lease.”
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Keren R. Yun
Director, Investor Relations
by Ted Niles