Northgate Announces Additional Drill Results for the Young-Davidson Project
17 Juillet 2008 - 11:57PM
PR Newswire (US)
Deposit Continues to Expand VANCOUVER, July 17
/PRNewswire-FirstCall/ -- Northgate Minerals Corporation (TSX: NGX,
AMEX: NXG) is pleased to report drill results for 34 surface and 59
underground diamond drill holes totalling 33,000 metres, which were
completed during the first half of 2008 at the Young-Davidson
project near the town of Matachewan in northern Ontario. The
purpose of the ongoing diamond drill program is to increase the
measured and indicated resource base at Young-Davidson in
preparation for completion of a Feasibility Study and to increase
the total resources on the property. Drilling Highlights - Diamond
drilling in 2008 has confirmed that the four previously established
resource zones (the Upper Boundary, Lower Boundary, Lucky and Lower
YD zones) form a near continuous gold system of overlapping lenses
cut by numerous post mineral dykes. - A new area of mineralization
has been discovered adjacent to the historic Young-Davidson
workings. - Holes 75 and 75A, drilled down dip on the Upper
Boundary zone to test grade continuity of that zone, intersected
4.17 grams per tonne (g/t) gold over 123.5 metres (m) and 4.12 g/t
gold over 350.0m, respectively. - Hole 62 (Upper Boundary zone)
intersected 3.79 g/t gold over a broad width of 73.9m (56.6m true
thickness) including 6.05 g/t gold over 9.5m. - Hole 56A (Lower
Boundary zone) intersected 3.51 g/t gold over an exceptional width
of 130.2m (94.1m true thickness). - Hole 78 (Lower YD zone)
intersected 7.90 g/t gold over 28.1m (19.7m true thickness). - A
cross cut driven in the upper portion of the Upper Boundary zone to
collect a bulk sample for metallurgical testing averaged 5.0 g/t
gold over a true thickness of 41m. Grinding testwork indicates that
this material is amenable to low cost autogenous grinding. -
Underground definition drilling has confirmed the continuity and
geometry of the upper portion of the Upper Boundary Zone. Ken
Stowe, President and Chief Executive Officer, remarked, "This
year's drilling program at Young-Davidson has been highly
successful. The various zones have now essentially been joined into
one large continuous gold bearing system. Although the focus of
this year's drill program has been mainly on converting inferred
resources to measured and indicated, the drilling we have completed
to date has also identified areas of previously unknown
mineralization, which will increase the total resource base when
the next resource update is completed later this year in
conjunction with the project's feasibility study. Also of note,
pilot plant testing of a bulk sample taken from the Upper Boundary
Zone has confirmed that the ore is amenable to low cost autogenous
grinding (i.e. no steel balls required). All of these factors will
have a positive impact on the final economics of the Young-Davidson
project."
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Diamond Drill Program The purpose of the 2008 diamond drill program
at Young-Davidson is to increase the indicated resource base to a
level that will support a Feasibility Study and to increase the
total measured, indicated and inferred resources on the property.
The results of this drilling will be incorporated into an updated
resource estimate that will be completed in the fourth quarter of
2008. The 2008 drill program has already established the horizontal
and vertical continuity, grade and thickness of the primary gold
mineralization at Young-Davidson and has filled in several large
areas between previously known resource zones. Year-to-date, a
total of 35 holes have returned grades of at least 4.0g/t gold over
5m of true thickness. Twenty-one of these holes have true
thicknesses of at least 10m. Collectively, the results of the
drilling confirms that mineralization is near continuous between
the various zones and the zone names are simply to identify areas
between cross cutting dykes rather than breaks in the primary gold
mineralization. Selected surface and underground holes are listed
in Table 1 below and the complete list of holes reported herein are
posted on the company's website at
http://www.northgateminerals.com/ and filed on SEDAR at
http://www.sedar.com/. All surface holes are plotted on Figure 1, a
longitudinal section of the deposit. Underground holes (MR and YR
prefixes) are plotted on Figure 2, a more detailed view of the
longitudinal section. Table 1 - Selected Young-Davidson Surface and
Underground Holes
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Core True Gold - Gold - Hole ID From To Length Thickness Cut 20g
Uncut (m) (m) (m) (m) (g/t) (g/t)
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YD08-75 369.5 493.0 123.5 3.92 4.17
----------------------------------- drilled ----------------------
incl 483.0 493.0 10.0 down dip 7.79 7.79
----------------------------------- ---------------------- 514.5
522.0 7.5 6.34 8.81
-------------------------------------------------------------------------
-------------------------------------------------------------------------
YD08-75A 432.5 782.5 350.0 4.01 4.12
----------------------------------- ---------------------- incl
453.0 462.0 9.0 drilled 10.30 10.30
----------------------------------- down dip ----------------------
incl 742.5 782.5 40.0 7.17 7.17 -----------------------------------
---------------------- incl 753.0 774.0 21.0 10.65 10.65
-------------------------------------------------------------------------
-------------------------------------------------------------------------
YD08-62 515.8 589.7 73.9 56.6 3.79 3.79
-------------------------------------------------------------------------
incl 554.5 564.0 9.5 7.3 6.05 6.05
-------------------------------------------------------------------------
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YD07-56A 1041.0 1171.2 130.2 94.1 3.11 3.51
-------------------------------------------------------------------------
incl 1148.4 1171.2 22.8 16.6 5.07 5.07
-------------------------------------------------------------------------
incl 1162.1 1171.2 9.1 6.7 7.15 7.15
-------------------------------------------------------------------------
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YD08-67 1091.1 1098.5 7.4 5.6 5.23 5.23
-------------------------------------------------------------------------
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YD08-78 844.0 872.1 28.1 19.7 7.21 7.90
-------------------------------------------------------------------------
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MR-04 46.7 75.0 28.3 20.3 6.81 7.33
-------------------------------------------------------------------------
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YD08-71 630.0 635.3 5.3 2.8 7.88 10.62
-------------------------------------------------------------------------
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YD07-58 954.7 966.0 11.3 5.8 4.31 4.31
-------------------------------------------------------------------------
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YD08-68 210.5 217.4 6.9 4.9 9.40 11.54
-------------------------------------------------------------------------
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YD07-57 858.0 877.2 19.2 16.4 4.44 4.44
-------------------------------------------------------------------------
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YR-50 67.5 89.4 21.9 19.3 5.86 6.41
-------------------------------------------------------------------------
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YR-16 55.2 101.8 46.6 30.1 5.96 5.96
-------------------------------------------------------------------------
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YR-12 34.1 65.5 31.4 31.4 3.93 3.93
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Holes YD08-75 and 75A were drilled in close proximity to the cross
cut through the Upper Boundary zone in order to test the down dip
grade continuity. The main body of the Upper Boundary zone in hole
75 returned 4.17 g/t gold over 123.5m. Hole 75A returned 4.12
g/t gold over 350.0m. Both holes intersected a hanging wall zone:
3.00 g/t gold over 71.7m in hole 75 and 2.55 g/t gold over 49.8m in
hole 75A. Hole 75 also intersected a footwall zone, which returned
7.5m of 8.81 g/t gold. Hole YD08-62 was drilled in the central
portion of the Upper Boundary zone and returned 73.9m (56.6m true
thickness) grading 3.8 g/t gold. These three holes validate and
increase confidence in the resource estimation and suggest that the
grade shell used in the February 2008 resource estimate is
conservative. To date, underground drilling (Figure 2) from the
ramp has been confined to the upper portions of the deposit. Drill
holes MR-01 to MR-07 were drilled to define the upper east area of
the Upper Boundary zone. Six of the seven holes intersected
significant results, which will expand this zone. This includes
hole MR-04, which returned 7.3 g/t gold over 28.3m (20.3m true
thickness). Underground drilling in the central part of the Upper
Boundary zone indicates that the zone is thicker than previously
interpreted. YR-50 in the lower part of the Upper Boundary zone
intersected 6.4 g/t gold over 21.9m; YR-16, a mid-tier hole,
intersected 5.96 g/t gold over 46.6m; and, YR-12, an upper tier
hole, intersected 3.93 g/t gold over 31.4m (these three intercepts
are true thickness). Holes YD08-56A and 67 tested the western and
eastern areas, respectively, of the Lower Boundary zone. Hole 56A
returned an extremely wide intersection of 130.2m of 3.11 g/t gold
(94.1m true thickness) and pierced the zone near the western extent
of the indicated resource block. The results from this hole will
expand the indicated block westwards. Hole 67, drilled near the
eastern extent of the zone, returned an intersection of 7.4m of
5.23 g/t gold (5.6m true thickness). Hole YD08-78 on the western
edge of the deposit (Lower YD zone) intercepted 28.1m of 7.9 g/t
gold (7.21 g/t gold cut and a true thickness of 19.7 m) within an
inferred resource. Hole YD08-57, in the same zone on the east
flank, intersected 19.2m of 4.44 g/t gold (16.4m true thickness)
and is expected to increase tonnage in this part of the deposit.
Holes YD08-58 and 71, both within the Lucky zone, intersected 11.3m
of 4.3 g/t gold (5.8m true thickness) and 5.3m of 10.62 g/t gold
(7.88 g/t gold cut and 2.8m true thickness), respectively. These
holes were drilled to convert inferred resources to the indicated
category. Five drill holes, in close proximity to the old
Young-Davidson workings, have discovered a new area of gold
mineralization above the cut-off criteria of 2.3 g/t gold. The most
significant of these holes is YD08-68 that intersected 6.9m of
11.54 g/t gold (9.4 g/t gold cut and 4.9m true thickness). This
discovery of a previously unknown area of mineralization will
increase the current total resource base when the updated resource
estimate is completed in the fourth quarter of 2008. Underground
Drilling Program A single underground drill completed 57 diamond
drill holes from 15 drill stations in the new ramp. Most of the
drilling was necessarily concentrated on the upper levels of the
Upper Boundary zone with the objective of detailed definition of
the ore zone. 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, shown below, presents known
resource areas (as defined in the legend), historic mine workings,
simplified geology and the pierce points for the holes drilled.
Elevations in the longitudinal section are based on an artificial
mine grid where the surface is defined as 10,355 metres. Figure 1 -
Young-Davidson Property (Vertical, North Looking, Longitudinal
Section with Metric Grid)
http://www.northgateminerals.com/Theme/Northgate/files/Releases/YD-Jul-Fig1.gif
Figure 2 - Underground Long Section (Vertical, North Looking,
Longitudinal Section with Metric Grid)
http://www.northgateminerals.com/Theme/Northgate/files/Releases/YD-Jul-Fig2.gif
Underground Cross-Cut A 90m-long 4.8m X 4.8m cross cut was driven
due south from the ramp on the 10125 Level on line 23270mE. The
purpose of the cross-cut was to obtain a bulk sample from the upper
portion of the Upper Boundary zone to determine grinding
characteristics to size the grinding circuit. A total of 50 tonnes
were shipped for processing through an off-site test facility. The
test work confirmed that the mineralization is amenable to low cost
autogenous grinding. Both the east and west walls of the cross-cut
were chip sampled in 2m intervals. The zone in this area is dipping
about -65 degrees to the south. The chip samples returned 5.0 g/t
gold (4.8 g/t gold cut) over 45m, or 41m true thickness. The gold
bearing portion of the cross-cut looks much the same as in drill
core, brick red, coarse grained syenite with quartz and carbonate
stringers and 1% to 8% pyrite. This unit is distinctive and easy to
map. Figure 3 illustrates the location of the samples in the
cross-cut. Drilling completed to date, combined with the mapping
and sampling of the cross cut, validate and enforce the
understanding of geological controls of gold mineralization at
Young-Davidson. The results are positive and suggest that the
original grade shells are conservative. Once the 2008 drilling
program is complete in September 2008, a new resource estimate will
be completed in the fourth quarter of 2008. Figure 3 - # 9 Cross
Cut Plan (plan view with Metric Grid)
http://www.northgateminerals.com/Theme/Northgate/files/Releases/YD-Jul-Fig3.gif
For a complete list of assay results for the surface and
underground drill holes reported herein, click on the following
link:
http://www.northgateminerals.com/Theme/Northgate/files/Releases/YD-Jul-Tables.pdf.
The complete list is also available on the company's website at
http://www.northgateminerals.com/. 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 National Instrument 43-101 (NI
43-101) Technical Report filed on SEDAR (http://www.sedar.com/) on
May 16, 2008. A summary of these procedures may also be found in a
press release dated April 10, 2006. Qualified Persons The program
design, implementation, quality assurance/quality control and
interpretation of the results is under the control of Northgate's
geological staff that includes a number of individuals who are
qualified persons as defined under NI 43-101. Overall supervision
of the program is by Carl Edmunds, PGeo, Northgate's
Exploration Manager. Note to US Investors: The terms "Mineral
Reserve", "Proven Mineral Reserve" and "Probable Mineral Reserve"
are Canadian mining terms as defined in accordance with NI 43-101
Standards of Disclosure for Mineral Projects under the guidelines
set out in the Canadian Institute of Mining, Metallurgy and
Petroleum (the "CIM") Standards on Mineral Resources and Mineral
Reserves Definitions and Guidelines adopted by the CIM Council on
August 20, 2000. The terms "Mineral Resource", "Measured Mineral
Resource", "Indicated Mineral Resource", and "Inferred Mineral
Resource" used in this news release are Canadian mining terms as
defined in accordance with NI 43-101-Standards of Disclosure for
Mineral Projects under the guidelines set out in the CIM Standards.
Northgate Minerals Corporation is a mid-tier gold and copper
producer with mining operations, development projects and
exploration properties in Canada and Australia. The company is
forecasting 400,000 ounces of unhedged gold production in 2008 and
is targeting growth through further acquisitions in stable mining
jurisdictions around the world. Northgate is listed on the Toronto
Stock Exchange under the symbol NGX and on the American Stock
Exchange under the symbol NXG. Forward-Looking Statements: This
news release contains certain "forward-looking statements" and
"forward-looking information" as defined under applicable Canadian
and U.S. securities laws. Forward-looking statements generally can
be identified by the use of forward-looking terminology such as
"may," "will," "expect," "intend," "estimate," "anticipate,"
"believe," or "continue" or the negative thereof or variations
thereon or similar terminology. Forward-looking statements are
necessarily based on a number of estimates and assumptions that are
inherently subject to significant business, economic and
competitive uncertainties and contingencies. Certain of the
statements made herein by Northgate Minerals Corporation
("Northgate") including those related to future financial and
operating performance and those related to Northgate's future
exploration and development activities, are forward-looking and
subject to important risk factors and uncertainties, many of which
are beyond the Corporation's ability to control or predict. Known
and unknown factors could cause actual results to differ materially
from those projected in the forward-looking statements. Such
factors include, among others: gold price volatility; fluctuations
in foreign exchange rates and interest rates; impact of any hedging
activities; discrepancies between actual and estimated production,
between actual and estimated reserves and resources and between
actual and estimated metallurgical recoveries; costs of production,
capital expenditures, costs and timing of construction and the
development of new deposits; and, success of exploration activities
and permitting time lines. In addition, the factors described or
referred to in the section entitled "Risk Factors" of Northgate's
Annual Information Form (AIF) for the year ended December 31, 2007
or under the heading "Risks and Uncertainties" of Northgate's 2007
Annual Report, both of which are available on SEDAR at
http://www.sedar.com/, should be reviewed in conjunction with this
document. Accordingly, readers should not place undue reliance on
forward-looking statements. The Corporation does not undertake any
obligation to update publicly or release any revisions to
forward-looking statements to reflect events or circumstances after
the date of this document or to reflect the occurrence of
unanticipated events, except in each case as required by law.
DATASOURCE: Northgate Minerals Corporation CONTACT: Ms. Keren R.
Yun, Director, Investor Relations, Tel: (416) 216-2781, Email: ,
Website: http://www.northgateminerals.com/
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