GOLD DEVELOPMENT: Northgate updates Young-Davidson construction

ONTARIO - To the end of May 2011, Northgate Minerals of Vancouver has spent $170 million on its Young-Davidson gold project near Matachewan, and the project is remains on schedule and on budget. The first gold pour is scheduled for the first...

ONTARIO - To the end of May 2011, Northgate Minerals of Vancouver has spent $170 million on its Young-Davidson gold project near Matachewan, and the project is remains on schedule and on budget. The first gold pour is scheduled for the first half of next year. Total pre-production spending will be $339 million to build an operation that will treat 6,000 t/d of ore.

Also to the end of last month, the company reported that 95% of the construction contracts and 97% of the equipment purchase orders had been awarded. Additionally, 85% of the engineering had been completed.

Northgate has added a mid-shaft loading facility that will allow for early underground ore production from the 9590 level and above. It will become operational in Q1 2013, while development of the lower portions of the underground mine continue for another year. The first leg (446 metres) of the production shaft is nearing completion, and the second leg, to a depth of 700 metres is expected to begin by November 2011.

Elsewhere at the site, the power transmission line is ahead of schedule and expected to be done by September this year. The tailings management facility, an expansion of a historic tailings pond on the property, will be ready for mill start-up in March 2012. The mill building should be enclosed early in July 2011 and installation of the processing equipment will begin.

Highlights of the Young-Davison feasibility study and a video of the orebody are available at www.NorthgateMinerals.com.

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