ONTARIO – Vancouver-based NORTHGATE MINERALS is finding bonanza-grade intercepts at its Young-Davidson property near Matachewan. The best hole, 42B on the eastern flank of the Lower Boundary zone, cut 46.80 g/t Au over 9.1 metres.
Nor was that the only long intersection. Hole 53, in the Boundary zone but 100 metres farther west than previous holes, cut 80.8 metres of 2.68 g/t including a section 18.0 metres long that graded 3.47 g/t Au. Hole 50, on the western flank of the Lower YD zone, returned 5.54 g/t Au over 8.5 metres.
Northgate purchased the Young-Davidson property for $18 million in November 2005. It is the company’s first significant project outside the Kemess camp where it mines copper and gold in British Columbia. Young-Davidson is a former underground producer (1934-’57 and 1981-’82) of almost 1.0 million oz of gold. Proven reserves are estimated to be 67.2 million tonnes grading 0.53 g/t Au (1.1 million oz) and 0.21% Cu (250 million lb). It is in the advanced exploration stage, and the company hopes to have it back in production during 2010.
The detailed Young-Davidson technical report is posted at www.NorthgateMinerals.ca.