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GOLD EXPLORATION NEWS Midway Drill Results are Promising

VAL d'OR, Quebec Vancouver-based junior NORTHERN STAR MINING has reported promising drill results from its Midway...


VAL d’OR, Quebec Vancouver-based junior NORTHERN STAR MINING has reported promising drill results from its Midway gold project in the Abitibi Belt.

Hole No.5 intersected a sulphide-rich zone containing significant pyrite mineralization. It assayed 0.384 oz/tonne (uncut) over 44.02 ft about 400 ft below the surface. The hole included 11.68 ft at 0.601 oz/tonne, 9.55 ft at 0.601 oz/tonne, and 7.73 ft at 0.08 oz/tonne. The gold assays are consistent, and the amount of gold appears to be directly proportional to the percentage of pyrite, notes Northern Star. Sulphide concentration varied up to 30% and consisted mainly of pyrite with rare chalcopyrite. A small amount of visible gold was encountered at 389 feet. Holes No.5 and No.9 also encountered significant gold mineralization in the porphyry intrusives.

The Midway property, consisting of 53 contiguous claims covering more than 1,200 hectares, hosts part of the past-producing Malartic Goldfields mine, which unearthed over 2 million oz of gold. The three-compartment, 2,700-ft-deep Malartic No.1 production shaft is accessible for exploration and development. Past drilling and exploration work on the property resulted in the discovery of a series of en-echelon mineralized zones, similar in nature to those originally mined in the Malartic Goldfields mine.

The present known zones are open at depth with mineralization continuity demonstrated below 1,000 ft, and the zones remain open along strike. Historic drilling below the lowest level of mining by Malartic Goldfields clearly showed that gold mineralization continues below the 2,900-ft level and is open at depth. Furthermore, the portion of the property located immediately east of the shaft remains largely unexplored. This area, on the Cadillac Break, contains similar geology to that of new discovery zones and the Malartic Goldfields mine.

Officers of Northern Star Mining include chairman Michel David, president Barry Whelan and COO Jeffrey Cocks. Their biographies can be found at www.nsmgold.com.


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