Hole YD11-242 Intersects 5.30 g/t gold over 44.1
m and
Hole YD11-240A Intersects 2.67 g/t gold over 193.0 m
VANCOUVER,
Aug. 25, 2011 /PRNewswire/ -
Northgate Minerals Corporation (TSX: NGX) (NYSE Amex: NXG) is
pleased to report that Hole YD11-242 in the YD West zone
intersected 5.30 grams per tonne ("g/t") gold over
44.1 metres (m) (estimated true thickness is 30.0 m),
including 6.49 g/t over 27.5 m. Hole YD11-240A, an oblique
hole drilled at an approximate 45°angle to the zone, returned 2.67
g/t over 193.0 m (estimated true thickness is 48.3 m).
The YD West zone is located just west of the currently known 2.8
million ounce reserve1 at Young-Davidson in northern Ontario. Production of the Young-Davidson mine is scheduled to commence in
2012.
The YD West zone continues to expand since
Discovery Hole YD10-198 intersected 3.46 g/t over 79.5 m last
year. Additional intersections have returned some of the
highest-grade intervals ever drilled on the property, including
Hole YD11-234B, which returned 4.31 g/t gold over 79.6 m (see press
release dated June 7, 2011).
The most recent intervals, YD11-242 and 240A, confirm the highly
prospective YD West zone hosting a thick auriferous horizon.
Holes YD11-242 and 240A Highlights
- Hole YD11-242 returned 5.30 g/t gold over 44.1 m
(estimated 30.0 m true thickness).
-
- The hole contains a higher grade section of 6.49 g/t over
27.5 m.
- The hole is located about 65 m below and 50 m east of Hole
YD11-234B.
- Hole YD11-240A, an oblique hole, returned 2.67 g/t gold
over 193.0 m.
-
- The hole contains two higher grade sections of 4.32 g/t over
9.0 m and 5.08 g/t over 6.8 m.
- The hole includes a 21 m section of a post-mineral diabase
dyke. The entire intersection (with the dyke removed) grades 2.99
g/t gold over 172.0 m.
- This new intersection is oblique to the zone as the hole was
designed to test both the attitude of the post mineral dykes and
the continuity of the zone between the dykes. The
intersection suggests the zone is continuous for at least 190 m
down dip.
- Holes YD11-240A and YD11-242 are both very significant
intersections and will be utilized to perform a resource
estimation in the fall. These reported holes also demonstrate the
continuity of the YD West zone, which remains open down dip
and to the west.
-
- Two diamond drills continue to explore in this area. An
additional underground exploration drill has been mobilized to the
property to test below the UBZ zone, located both below and east of
current reserves.
"With the most recent drill results, we are
confident the YD West zone will add significant resources to the
property, as many of the holes have returned higher than average
reserve grade" commented Richard
Hall, President and CEO of Northgate. "As production from
the Young-Davidson mine is scheduled to commence in
2012, we look forward to completing a resource estimation of this
new zone, which could increase the mine's average annual production
or extend the initial 15-year mine-life."
Diamond Drill Program
The purpose of the 2011 diamond drill program on the west flank of
the Young-Davidson deposit is to explore for new
resources west of a major north-south trending diabase dyke that
appeared to have truncated and displaced the zone. Northgate
resolved the fault displacement with Discovery Hole YD10-198. To
date, nine holes have intersected the YD West zone and all but one
has returned ore-grade intersections (see Figures 1 & 2 and
Tables 1 & 2).
In order to perform a geologically accurate
resource estimation, Northgate drilled a perpendicular (oblique)
hole, YD11-240A, relative to the exploration holes in the zone to
resolve the location and correlation of the north-south trending
post-mineral diabase dyke. The hole traversed the post-mineral dyke
approximately midway through the YD West zone. The geological
information from this hole will be very useful in modeling both the
dykes and the zone itself.
Hole YD11-242 was completed in an area where we
required a pierce point in the zone between a thick intersection in
YD11-234B and hole YD11-234A (1.22 g/t over 13.4 m), which appeared
to have a significant portion of mineralization replaced by a
post-mineral dyke. Hole YD11-242 intercepted mineralization midway
between 234B and 234A and returned 5.30 g/t gold over 44.1 m. This
hole confirms the continuity of the YD West zone and suggests that
a significant portion of mineralization in hole 234A was indeed
replaced by a post-mineral dyke.
The new YD West intersections are considered
significant and confirm the continuity of the zone.
The YD West zone has excellent potential to add
significant gold resources to the project. Two diamond drills will
continue to focus in this area until the end of the year.
Overview of Young-Davidson Exploration Area
Gold mineralization on the Young-Davidson property is present primarily in an
intrusive syenite host rock dipping at approximately
70 degrees to the south. Figure 1 illustrates a longitudinal
view of the YD West zone with current reserves illustrated in dark
red to the east.
Figure 1 - YD West Zone-Longitudinal Section
http://www.northgateminerals.com/Theme/Northgate/files/Releases/2011/YDFig1-Aug2011.jpg
Figure 2 - 9300m Level Plan
http://www.northgateminerals.com/Theme/Northgate/files/Releases/2011/YDFig2-Aug2011.jpg
Figure 2 presents a level plan (horizontal
slice) of the property's geology immediately adjacent to the main
Young-Davidson reserves. The currently defined
reserves terminate against the brown diabase dyke that was the
western limit of the reserve. The holes shown on the level plan are
projected either 75 m up dip or 225 m down dip to the 9300 m
level and clearly demonstrate that the younger diabase dyke
occupies a fault with an apparent offset of 50 m to 100 m
to the north on the western side of the dyke. The actual
displacement on the fault is to the north, downwards or a
combination of the two.
Table 1: Assay Results from YD West Zone
Hole ID |
From
(m) |
To
(m) |
Interval
(m) |
True
Thickness
(m) |
Gold
Uncut
(g/t) |
Gold Cut
20 g/t |
YD11-242 |
1239.0 |
1283.1 |
44.1 |
30.0 |
5.30 |
4.80 |
|
1248.5 |
1276.0 |
27.5 |
18.7 |
6.49 |
5.69 |
|
|
|
|
|
|
|
YD11-240A |
1135.0 |
1328.0 |
193.00 |
48.3 |
2.67 |
2.67 |
incl |
1135.0 |
1256.2 |
121.20 |
30.3 |
2.79 |
2.79 |
incl |
1159.0 |
1195.0 |
36.00 |
9.0 |
4.32 |
4.32 |
incl |
1277.2 |
1328.0 |
50.80 |
12.7 |
3.48 |
3.48 |
incl |
1277.2 |
1304.5 |
27.30 |
6.8 |
5.08 |
5.08 |
Table 2: Previous Assay Results from YD West Zone
Hole ID |
From
(m) |
To
(m) |
Interval
(m) |
True
Thickness
(m) |
Gold
Uncut
(g/t) |
Gold Cut
20 g/t |
YD11-234B |
1064.8 |
1144.4 |
79.60 |
55.0 |
4.31 |
4.21 |
incl |
1094.5 |
1144.4 |
49.90 |
34.4 |
5.66 |
5.51 |
incl |
1128.0 |
1142.9 |
14.90 |
10.3 |
10.62 |
10.10 |
|
|
|
|
|
|
|
YD11-234A |
1202.6 |
1221.8 |
19.20 |
13.4 |
1.22 |
1.22 |
|
|
|
|
|
|
|
YD11-234 |
1216.9 |
1234.7 |
17.80 |
9.5 |
4.37 |
4.37 |
incl |
1217.8 |
1226.1 |
8.30 |
4.4 |
6.82 |
6.82 |
|
|
|
|
|
|
|
YD10-198 |
1258.0 |
1337.5 |
79.5 |
53.5 |
3.46 |
3.46 |
|
|
|
|
|
|
|
YD10-198A |
1333.7 |
1355.0 |
20.20 |
14.2 |
6.31 |
5.42 |
|
|
|
|
|
|
|
YD10-198B |
1353.5 |
1364.4 |
10.9 |
7.7 |
5.43 |
5.43 |
|
|
|
|
|
|
|
YD10-226A |
1097.3 |
1134.0 |
36.7 |
25.3 |
0.74 |
0.74 |
|
1115.1 |
1125.5 |
10.4 |
7.2 |
1.19 |
1.19 |
|
|
|
|
|
|
|
YD11-239 |
Target zone occupied
by diabase dyke ("dyked out") |
* * * * * * *
Quality Control - Analyses and Sample
Location
Details of quality assurance/quality control procedures for sample
analysis and drill hole survey methodology are reported in detail
in the Canadian National Instrument 43-101 Standards of
Disclosure for Mineral Projects ("NI 43-101") compliant
Technical Report filed on SEDAR (www.sedar.com) on August 21, 2009.
Qualified Persons
The program design, implementation, quality assurance/quality
control and interpretation of the results are under the control of
Northgate's geological staff, which includes a number of
individuals who are qualified persons as defined under
NI 43-101. Carl Edmunds, PGeo,
Northgate's Exploration Manager, is responsible for the overall
supervision of the program.
* * * * * * *
Note to Investors:
The terms "Qualified Person", "Mineral Reserve", "Proven Mineral
Reserve", "Probable Mineral Reserve", "Mineral Resource", "Measured
Mineral Resource", "Indicated Mineral Resource", and "Inferred
Mineral Resource" used in this news release are defined in
accordance with NI 43-101.
* * * * * * *
Northgate Minerals Corporation is a gold
and copper producer with mining operations, development projects
and exploration properties in Canada and Australia. Our vision is to
be the leading intermediate gold producer by identifying,
acquiring, developing and operating profitable, long-life mining
properties.
* * * * * * *
Cautionary Note Regarding Forward-Looking Statements and
Information:
This Northgate press release contains
"forward-looking information", as such term is defined in
applicable Canadian securities legislation and "forward-looking
statements" within the meaning of the
United States Private Securities Litigation Reform Act of
1995, concerning Northgate's future financial or operating
performance and other statements that express management's
expectations or estimates of future developments, circumstances or
results. Generally, forward-looking information can be identified
by the use of forward-looking terminology such as "expects",
"believes", "anticipates", "budget", "scheduled", "estimates",
"forecasts", "intends", "plans" and variations of such words and
phrases, or by statements that certain actions, events or results
"may", "will", "could", "would" or "might", "be taken", "occur" or
"be achieved". Forward-looking information is based on a number of
assumptions and estimates that, while considered reasonable by
management based on the business and markets in which Northgate
operates, are inherently subject to significant operational,
economic and competitive uncertainties and contingencies. Northgate
cautions that forward-looking information involves known and
unknown risks, uncertainties and other factors that may cause
Northgate's actual results, performance or achievements to be
materially different from those expressed or implied by such
information, including, but not limited to gold and copper price
volatility; fluctuations in foreign exchange rates and interest
rates; the impact of any hedging activities; discrepancies between
actual and estimated production, between actual and estimated
reserves and resources or between actual and estimated
metallurgical recoveries; costs of production; capital expenditure
requirements; the costs and timing of construction and development
of new deposits; and the success of exploration and permitting
activities. In addition, the factors described or referred to in
the section entitled "Risk Factors" in Northgate's Annual
Information Form for the year ended December
31, 2010 or under the heading "Risks and Uncertainties" in
Northgate's 2010 Annual Report, both of which are available on the
SEDAR website at www.sedar.com, should be reviewed in conjunction
with the information found in this press release. Although
Northgate has attempted to identify important factors that could
cause actual results, performance or achievements to differ
materially from those contained in forward-looking information,
there can be other factors that cause results, performance or
achievements not to be as anticipated, estimated or intended. There
can be no assurance that such information will prove to be accurate
or that management's expectations or estimates of future
developments, circumstances or results will materialize.
Accordingly, readers should not place undue reliance on
forward-looking information. The forward-looking information in
this press release is made as of the date of this press release,
and Northgate disclaims any intention or obligation to update or
revise such information, except as required by applicable law.
Cautionary Note to US Investors Regarding
Mineral Reporting Standards:
Northgate prepares its disclosure in accordance
with the requirements of securities laws in effect in Canada, which differ from the requirements of
US securities laws. Terms relating to mineral resources in this
press release are defined in accordance with National Instrument
43-101-Standards of Disclosure for Mineral Projects under the
guidelines set out in the Canadian Institute of Mining, Metallurgy,
and Petroleum Standards on Mineral Resources and Mineral Reserves.
The Securities and Exchange Commission (the "SEC") permits mining
companies, in their filings with the SEC, to disclose only those
mineral deposits that a company can economically and legally
extract or produce. The Corporation uses certain terms, such as,
"measured mineral resources", "indicated mineral resources",
"inferred mineral resources" and "probable mineral reserves", that
the SEC does not recognize (these terms may be used in this press
release and are included in the Corporation's public filings which
have been filed with securities commissions or similar authorities
in Canada).
1 See press release dated
January 25, 2010.
SOURCE Northgate Minerals Corporation