Significant Extension of Mineralization Discovered at Northgate Minerals'
Fosterville Gold Mine
Drill Hole in the Phoenix Deeps intersects 17.6 Grams per Tonne Over 3.6 Metres
Drilling Highlights - Exploration step out drilling in the Phoenix Deeps has intersected 10.1 grams per tonne (g/t) gold over 6.6 metres (m) in drill hole SPD514E, including 17.6 g/t gold over 3.6m (estimated true width). - Infill resource definition drilling in the Phoenix Extension has confirmed continuity of gold mineralization and structural settings. Significant drill results from the ongoing infill drill program include (estimated true width): - SPD510A intersected 5.5 g/t gold over 17.9m - SPD517 intersected 5.2 g/t gold over 8.0m - SPD517B intersected 7.3 g/t gold over 4.1m - SPD517A intersected 6.6 g/t gold over 4.4m - SPD510B intersected 3.3 g/t gold over 7.9m - SPD510 intersected 2.5 g/t gold over 8.9m
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Drilling Results for
Drilling in the
Geological interpretation of the
The key objective for the drill program conducted on the
Drilling progressed to section 7250N, which resulted in four significant assay intercepts (SPD517A, B, C and D). The
Drill holes from the 2009 drill program will be incorporated into an updated year-end reserve statement. Geological knowledge gained from the
Table 1: Assay Results for Phoenix Deeps ------------------------------------------------------------------------- Downhole Estimated True Gold Hole ID From (m) To (m) Interval (m) Width (m) (g/t Au) ------------------------------------------------------------------------- SPD514 861.0 862.2 1.2 1.2 1.4 ------------------------------------------------------------------------- SPD514A 849.0 859.0 10.0 10.0 1.9 ------------------------------------------------------------------------- SPD514B 893.5 898.0 4.5 4.5 1.5 ------------------------------------------------------------------------- SPD514E 903.0 909.7 6.7 6.6 10.1 ------------------------------------------------------------------------- Incl. 906.0 909.7 3.7 3.6 17.6 ------------------------------------------------------------------------- Note: SPD514C and SPD514D were abandoned and did not reach the Phoenix target. Logging and sampling for holes SPD514F and SPD514G are in progress. Table 2: Assay Results for Phoenix Extension ------------------------------------------------------------------------- Downhole Estimated True Gold Hole ID From (m) To (m) Interval (m) Width (m) (g/t Au) ------------------------------------------------------------------------- SPD510 675.0 684.0 9.0 8.9 2.5 ------------------------------------------------------------------------- SPD510A 683.0 701.5 18.5 17.9 5.5 ------------------------------------------------------------------------- Incl. 683.0 694.0 11 10.6 6.9 ------------------------------------------------------------------------- and 698.0 701.5 3.5 3.4 7.1 ------------------------------------------------------------------------- SPD510B 754.0 762.4 8.4 7.9 3.3 ------------------------------------------------------------------------- SPD510C 782.2 785.0 2.8 2.4 4.3 ------------------------------------------------------------------------- SPD510D 812.0 814.7 2.7 2.2 7.8 ------------------------------------------------------------------------- SPD517 693.2 701.2 8.0 8.0 5.2 ------------------------------------------------------------------------- SPD517A 703.0 707.5 4.5 4.4 6.6 ------------------------------------------------------------------------- SPD517B 736.0 741.0 5.0 4.1 7.3 ------------------------------------------------------------------------- SPD517C 793.0 798.5 5.5 4.2 4.2 ------------------------------------------------------------------------- Figure 1: Fosterville Gold Mine Long Projection (North-South) of Phoenix Deeps and Phoenix Extension Location (in relation to resources, underground development and mining) To view Figure 1, please click: www.northgateminerals.com/Theme/Northgate/files/Releases/FMG_Phx_Sep09.gif Appendix 1: Phoenix Project Drill Hole Collar Locations (Exploration Program up to August 2009, Fosterville Mine Grid) ------------------------------------------------------------------------- Collar Collar Depth Hole ID Northing Easting Elevation Azimuth Dip (m) ------------------------------------------------------------------------- SPD510 7,199.3 1,402.5 5,169.7 93.8 -74.4 729.1 ------------------------------------------------------------------------- SPD510A 7,199.3 1,402.5 5,169.7 93.8 -74.4 763.2 ------------------------------------------------------------------------- SPD510B 7,199.3 1,402.5 5,169.7 93.8 -74.4 783.2 ------------------------------------------------------------------------- SPD510C 7,199.3 1,402.5 5,169.7 93.8 -74.4 885.6 ------------------------------------------------------------------------- SPD510D 7,199.3 1,402.5 5,169.7 93.8 -74.4 957.4 ------------------------------------------------------------------------- SPD514 6,500.7 1,379.9 5,165.4 87.3 -76.9 908.4 ------------------------------------------------------------------------- SPD514A 6,500.5 1,379.4 5,165.7 87.3 -76.9 965.7 ------------------------------------------------------------------------- SPD514B 6,500.5 1,379.4 5,165.7 87.3 -76.9 984.1 ------------------------------------------------------------------------- SPD514C(1) 6,500.5 1,379.4 5,165.7 87.3 -76.9 462.7 ------------------------------------------------------------------------- SPD514D(1) 6,500.5 1,379.4 5,165.7 87.3 -76.9 570.7 ------------------------------------------------------------------------- SPD514E 6,500.5 1,379.4 5,165.7 87.3 -76.9 1009.6 ------------------------------------------------------------------------- SPD514F(2) 6,500.5 1,379.4 5,165.7 87.3 -76.9 1102.7 ------------------------------------------------------------------------- SPD514G(2) 6,500.5 1,379.4 5,165.7 87.3 -76.9 1212.5 ------------------------------------------------------------------------- SPD517 7,247.6 1,393.7 5,169.5 94.0 -73.1 733.3 ------------------------------------------------------------------------- SPD517A 7,247.6 1,393.7 5,169.5 94.0 -73.1 762.3 ------------------------------------------------------------------------- SPD517B 7,247.6 1,393.7 5,169.5 94.0 -73.1 799.2 ------------------------------------------------------------------------- SPD517C 7,247.6 1,393.7 5,169.5 94.0 -73.1 957.1 ------------------------------------------------------------------------- Note 1: Hole abandoned Note 2: Hole drilled. Logging and sampling in progress.
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 Technical Report on the Fosterville Gold Mine filed on SEDAR (www.sedar.com) on
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.
Supervision of the program is by
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-Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.
Northgate Minerals Corporation is a gold and copper producer with mining operations, development projects and exploration properties in
Forward-Looking Statements:
This Northgate press release contains "forward-looking information", as such term is defined in applicable Canadian securities legislation, 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
For further information: Ms. Keren R. Yun, Director, Investor Relations, Tel: (416) 363-1701 ext. 233, Email: [email protected], Website: www.northgateminerals.com
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