Northern Abitibi Mining Corp.: Drilling Has Commenced at the Viking Gold Property in Newfoundland
10/14/2008 12:24:58 PM - Market Wire
CALGARY, ALBERTA, Oct 14, 2008 (Marketwire via COMTEX News Network) --
Northern Abitibi Mining Corp. ("Northern Abitibi") (TSX VENTURE:NAI) is pleased to announce that drilling has begun on the Viking gold Property in Newfoundland. A minimum of 10 drill holes are planned to test several high grade gold zones that have recently been discovered by trenching.
Hole number 1 is complete, and the drill is currently on hole number 2. Hole 1 tested a quartz-sulfide vein that returned 308 grams/tonne gold over 0.75 meters at surface in Trench 9. Hole 1 has successfully intersected two quartz sulfide veins, one with a core length of 1.8 meters and the second with a core length of 0.5 meters. The quartz veins are composed of white quartz with minor amounts of pyrite, galena, chalcopyrite, sphalerite and traces of visible gold. Hole 1 is currently being logged and sampled.
The company is very pleased with the first drill hole of the ongoing program. Hole 1 has confirmed that the veins at surface extend to depth, and is helping to constrain the width and orientation of the mineralized veins which remain open in all directions.
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 drill program is being supervised by Dr. Shane Ebert, P.Geo., and Dr. Stephen Rowins, P.Geo. Dr. Shane Ebert, P.Geo., 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.
SOURCE: Northern Abitibi Mining Corp.
Northern Abitibi Mining Corp. Shane Ebert President/Director (250) 964-2699 Northern Abitibi Mining Corp. Jean Pierre Jutras (403) 233-2636 Website: www.naminco.ca
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