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Northern Gold Mining Inc. is
a Toronto-based Canadian junior mining company working
actively and aggressively to advance their primary
project, the Garrison Gold Property located in the
historic mining area located near Kirkland Lake and
Timmins in Northeastern Ontario. Geologically, this
region is part of the Abitibi Greenstone Belt and
includes the Porcupine-Destor and Munro Fault Systems.
The Garrison Property hosts two advanced-stage
exploration targets, the Jonpol and Garccon Deposits, as
well as the lesser developed “903” gold mineralized
area. NI 43-101 compliant mineral resources have been
completed for each of these three areas. Thanks to
significant prior exploration and developmental work,
mining infrastructure is already in place at both Jonpol
and Garccon.
In total, the Garrison Property consists of 35 patented
claims in Garrison Township, approximately 40 Km north
of Kirkland Lake and about 100 Km east of Timmins.
Mining infrastructure in the area is excellent with good
main and access roads; ample water and electricity; and
numerous sources of both skilled labour and mining
supplies available from neighboring communities.
Northern Gold just announced (Press Release, April 12,
2011) a definitive agreement to acquire a 96.4% interest
in the Linton Claim Group consisting of eight patented
mining claims adjacent to the eastern boundary of the
Garrison Gold Property. This acquisition brings the
total area of the Garrison Property to 476.1 hectares.
The company is presently in the second year of an option
agreement with ValGold Resources Ltd. Whereby it may
earn up to an 80% interest in the garrison Property, but
they just announced a new definitive agreement with
ValGold, subject to closing and regulatory approval,
whereby Northern Gold will acq1uire 100% ownership of
the Garrison property.
Northern Gold is presently in the process of releasing
assay results from its ongoing 30,000 meter drill
program.
A full, in-depth study will be completed as soon as a
property visit takes place, planned for the earliest
possible time.
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