Trenching at the Viking gold property is complete.
posted on
Jul 29, 2008 09:19AM
High grade Gold & Nickel discovery, Viking & Taylor Brook - Newfoundland
CALGARY, ALBERTA--(Marketwire - July 29, 2008) - Northern Abitibi Mining Corp. (TSX VENTURE:NAI) ("Northern Abitibi") is pleased to announce that trenching at the Viking gold property in western Newfoundland is complete. During this program 20 new trenches were excavated and 1.9 kilometers of new access trails were constructed. A total of 243 rock samples were taken and have been delivered to Eastern Analytical in Springdale Newfoundland for analyses. Assay results are expected within three to six weeks. Six of the new trenches remain to be channel sampled and sampling of these trenches will be continuing over the coming weeks.
The trenching program has been very successful in identifying zones of alteration and quartz-sulfide veining in bedrock, underlying gold-in-soil anomalies and near to gold-bearing boulders previously found at surface. To date six new zones have been identified, within an area exceeding 2500 meters by 900 meters. Individual alteration zones occur over strike lengths ranging from 100 to 1000 meters, and all of the new zones remain open for expansion along strike.
The company is extremely pleased with the results of the trenching program which are demonstrating the potential of the property to host numerous large zones of gold mineralization. The different zones discovered to date display a variety of orientations and structural controls, but contain similar mineralization and alteration styles, suggesting they are all related to a single large mineralized system. Only a small portion of the four kilometer long gold-in-soil anomaly at Viking has been tested by trenching, and based on trenching results to date the company anticipates numerous additional zones of mineralization could be discovered as exploration continues.
The results of the 2008 trenching program will be released as soon as assays are received and compiled.
Northern Abitibi
Northern Abitibi's technical team of experienced, professional geologists are assembling a portfolio of gold, nickel and other base metal projects from opportunities within Canada, Mexico and the United States. Northern Abitibi can earn a majority interest in the Viking project from Altius Resources Inc. by making staged share and cash payments and funding exploration over a period of 4 years. A description of the Viking project is available on our website (www.naminco.ca).
The trenching program was supervised by Dr. Shane Ebert, P.Geo., and Dr. Stephen Rowins, P.Geo. Dr. Shane Ebert is the Qualified Person responsible for the preparation of this news release.
Shane Ebert, President/Director
Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of Northern Abitibi's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Northern Abitibi. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Northern Abitibi's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Northern Abitibi's filings with the Canadian securities authorities. Accordingly, holders of Northern Abitibi shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Northern Abitibi disclaims any responsibility to update these forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Northern Abitibi Mining Corp.
Shane Ebert
President/Director
(403) 233-2636
Northern Abitibi Mining Corp.
Jean Pierre Jutras
(403) 233-2636
Website: www.naminco.ca
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.