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Resource Clips

Posts tagged ‘Northgate Minerals Corp (NGX)’

Northgate reports Ontario Gold Results up to 5.44 g/t over 54m

October 5th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningNorthgate Minerals Corporation TSX:NGX announced results from its Young-Davidson Project in northeastern Ontario. Highlights include

5.44 g/t gold over 54 metres
5.99 g/t over 48.3 metres
10.02 g/t over 20.9 metres
4.6 g/t over 39.2 metres
3.07 g/t over 54.2 metres
(including 3.31 g/t over 48 metres)
5.89 g/t over 16.1 metres

President/CEO Richard Hall stated, “Our exploration program at Young-Davidson continues to yield exceptional results. The two new results from YD West bolster the recently released resource, while the YMX Footwall zone could become our second new gold resource area identified outside of current reserves at Young-Davidson in the past 14 months. The close proximity of the YMX Footwall to our existing mine infrastructure means the zone has the potential to provide an additional underground mining front to feed the Young-Davidson mill, which has the capacity to process substantially more than the 6,000 tonnes per day that was outlined in the feasibility study. The exciting results from the YMX Footwall, combined with the nearly 600,000 ounces recently reported at YD West, mean that we could realize an additional one million ounces of resources on the property from our 2011 drill program.”

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Keren R. Yun
IR Director

by Greg Klein