Monday 26th September 2016

Resource Clips



Northern Gold President Martin Shefsky on Ontario gold assays of 1.62 g/t over 284.6m

“The Garrison Gold Project, which is the primary focus of Northern Gold, is developing very quickly. Our drill results continue to confirm the mineralization and the fact that we have a very substantial deposit. The nice long runs of mineralization are what we’re looking for and are very conducive to very low cost, open pit mining. Today’s results, along with the metallurgical results that we put out a little while ago, continue to confirm our expectations, and to derisk the project and move us towards a production scenario in the not-distant future. The plan for 2011 is to continue with our 30,000-metre drill program. Given market conditions we’ll look to increase the number of drills on the property.

“ValGold has been very good. We have a very strong working relationship and we look forward to continuing to work with them.

“We have an updated 43-101 that’s imminent—over the next couple or three weeks—which should further derisk the project as we move toward a large enough number to go to production on. In terms of production we would look at late 2012, early 2013. Overall, we’re very bullish.”

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