Sunday 11th December 2016

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Posts tagged ‘ValGold Resources Ltd (VAL)’

Northern, ValGold report Ontario Gold Assays including 0.88 g/t over 219m

April 27th, 2011

Northern Gold Mining Inc TSXV:NGM in joint venture with ValGold Resources Ltd TSXV:VAL announced assay results from the Garrcon Deposit of its Garrison Gold Property in the Abitibi Greenstone Belt, Ontario. Highlights include 0.67 g/t gold over 329.7 metres (including 18.1 g/t over 1 metre), 0.24 g/t over 347.1 metres (including 1.39 g/t over 19 metres), 0.44 g/t over 338 metres (including 1.3 g/t over 95 metres) and 0.55 g/t over 213 metres (including 1 g/t over 102 metres). Northern Gold has an option to earn up to an 80% interest in the Garrison Gold Property and is the project operator.

Northern Gold President Martin Shefsky commented, “These new drilling results continue to intersect long intervals of mineralization supporting the concept of a significant near surface mineral resource at the Garrcon Deposit. Results from both infill drilling and stepout drilling continue to confirm that mineralization is open to depth and along strike.”

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Contact:
Northern Gold Mining Inc
Martin R. Shefsky
President/CEO
416.366.7300

by Ted Niles

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

March 31st, 2011

“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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Northern Gold, ValGold report Ontario Gold Assays up to 1.44 g/t over 209m

March 1st, 2011

Northern Gold Mining Inc TSXV:NGM in joint venture with ValGold Resources Ltd TSXV:VAL announced results from the Garrcon Deposit of the Garrison Gold Property in Ontario. Assays include 0.52 g/t gold over 282 metres (including 10.34 g/t over 2 metres and 1.08 g/t over 23 metres) and 1.05 g/t over 293 metres (including 1.44 g/t over 209 metres and 97.88 g/t over 1 metre). Northern Gold has an option to earn up to an 80% interest in the Garrison Gold Property and is the project operator.

Northern Gold President/CEO Martin Shefsky tells ResourceClips.com, “The Garrcon is a large, bulk-tonnage style open-pittable situation that we’re looking to develop. We’ve been drilling for the last year, getting very good and consistent results—long down-hole lengths of continuous mineralization—that we are very excited about. And obviously the market is starting to be as well. Along with that, just a short while ago we announced some metallurgical results which further define the picture on the Garrcon with better than 97% recovery. Which again is painting a picture that this has got very good potential to be a production scenario in the not-too-distant future. With the updated resource and preliminary economic assessment that will be coming out in the next 30 days, I think we complete the picture and totally de-risk the project.

“Today’s assay results were spectacular,” Shefsky continues. “Again, what we like as a company are these very nice, long down-hole lengths—150, 200, 250 and 300-metre lengths that just build lots of tonnes and ounces. We plan to continue drilling the deposit. We’re working within a 760 by 300 metre footprint to a vertical depth of 200 metres—which we are arbitrarily cutting off. The mineralization from historical holes we see going down well below 500, and it’s just a matter of systematically drilling this deposit off.

“We’ve commenced the initial advanced exploration permitting. We expect to have those late summer or early fall, and then we’ll transition into production permitting when we get to that point. The size of the deposit will keep growing, so really it’s a little bit of a moving target as far as pit development. So it’s something we’ll work on as the year moves along.

“We’re moving this as a company forward in a very systematic and orderly manner to prove to the market that this will be a mine as we develop the various mile stones. We’re knocking them off one at a time.” Shefsky concludes, “We have the metallurgy, we have the newest drill results, we have the updated 43-101. At some point people begin to get the picture.”

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Contact:
Northern Gold Mining Inc
Martin R. Shefsky
President/CEO
416.366.7300

by Ted Niles

Northern Gold CEO Martin Shefsky on Ontario Gold Assays of 0.72 g/t over 187m

February 2nd, 2011

“We currently have an option agreement to earn up to 80% of the property. That option is with ValGold Resources we’re currently well into the earn-in, and expect to earn the 80% by the end of this year. ValGold has been very good to work with. The property itself is located about 30 kilometres west of the Quebec border on Highway 101. It’s located between St Andrew Goldfields‘ Holt-McDermott mine and mill and Brigus Gold Corp‘s Black Fox Property—both on Highway 101.

“I thought the assay results released today were very good. But more importanly, they were very consistent with the results we’ve reported throughout this program. The plan going forward is a 30,000-metre drill program. We would hope to expand that as the year moves on. We are currently in the process of updating our NI 43-101 resource, which should be available by the end of Q1. As part of that we’re also preparing a Preliminary Economic Assessment.”

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ValGold, Northern report Ontario Gold Assays up to 0.72 g/t over 187m

February 1st, 2011

ValGold Resources Ltd TSXV:VAL in joint venture with Northern Gold Mining Inc TSXV:NGM announced assays from the Garrcon Deposit on the Garrison Gold Property, Ontario. Results include 0.52 g/t gold over 182 metres (including 1.11 g/t over 40 metres and 20.86 g/t over 1 metre), 0.72 g/t over 187 metres (including 1.1 g/t over 14 metres and 6.31 g/t over 6 metres), 0.65 g/t over 20.3 metres and 0.58 g/t over 26 metres. Northern has an option to earn up to an 80% interest in the Garrison Gold Property and is the project operator.

Northern President/CEO Martin Shefsky tells ResourceClips.com, “We currently have an option agreement to earn up to 80% of the property. That option is with ValGold Resources we’re currently well into the earn-in, and expect to earn the 80% by the end of this year. ValGold has been very good to work with. The property itself is located about 30 kilometres west of the Quebec border on Highway 101. It’s located between St Andrew Goldfields‘ Holt-McDermott mine and mill and Brigus Gold Corp‘s Black Fox Property—both on Highway 101.

“I thought the assay results released today were very good. But more importanly, they were very consistent with the results we’ve reported throughout this program. The plan going forward is a 30,000-metre drill program. We would hope to expand that as the year moves on. We are currently in the process of updating our NI 43-101 resource, which should be available by the end of Q1. As part of that we’re also preparing a Preliminary Economic Assessment.”

View Company Profile

Contact:
Northern Gold Mining Inc
Martin R. Shefsky
President/CEO
416.366.7300

or ValGold Resources Ltd
Stephen J. Wilkinson
President/CEO
604.687.4622

by Ted Niles