Great Northern Gold Exploration Corporation Updates January 2013
Drilling Program
TSXV: GGE
VANCOUVER, Dec. 11, 2012 /CNW/ - Great Northern Gold
Exploration Corporation, ("Great Northern Gold" or the "Company")
announced that it has completed its infill mobile metal ion ("MMI")
geochemistry sampling program. The infill MMI samples will be
used, along with previously collected data and ground proofing, to
refine the targets for the Company's January
2013 drilling program. (See press release dated November 8, 2012.)
During the month of November, 468 infill MMI
geochemistry samples were taken on anomalies and extensions along
strike of the earlier detected anomalous trends on the McCafferty
Grid. A total of 1,613 MMI samples have now been taken on the
McCafferty Grid. The 468 new samples have been sent to SGS
laboratories in Toronto for
analysis. It is expected that these results will be available in
late December and will be plotted and reviewed in final preparation
for the January drill program. After the results from the
November program are recorded the Company will have data from 2,279
MMI geochemical samples on three grids.
During November the Company provided details of
the drill program to seven drill contractors interested in bidding
on the project. Management will be reviewing the details of these
bids over the next two weeks and award the contract
accordingly.
The drilling program of approximately 2,000
meters is expected to comprise 20 to 30 drill holes. Approximately
two drill holes are planned to test gold targets on the one
kilometer by 400 meter (1km x 0.4km) Elizabeth - Dauphin Grid,
located approximately 2 kilometers northeast of the past producing
Rex-Laguna gold mine. The remainder of the drill program will test
numerous gold targets on the one kilometer by three kilometer (1km
x 3km) McCafferty Grid. The McCafferty gold-bearing quartz vein is
exposed on the grid in a series of trenches and two shafts over a
strike length of 350 meters. To date, the MMI data was successful
in locating the McCafferty vein, identifying a number of new gold
anomalies trending parallel or sub-parallel to the McCafferty vein,
and a number of additional multi-line, multi-element anomalies. All
drill targets are selected based on multidisciplinary techniques
including geological mapping, MMI geochemistry, and data from
previous work including ground and airborne EM geophysics.
The Company's drill program is targeting the
potential for larger tonnage epigenetic mesothermal gold deposits
located in shear zones below the glacial till cover. The winter
program allows for lower drilling costs as equipment and supplies
can be transported across the frozen Wekusko Lake to the Wekusko
Gold Property, instead of being mobilized by helicopter to the
site.
"Our team did a great job completing the field
work to collect the data required to refine our drill targets,"
said Mr. Kim Oishi, President
and CEO of Great Northern Gold. "We are on track to commence
our 2,000 meter drill program in January
2013 lead by Dan Ziehlke, our
VP Exploration, who has more than 25 years experience in the
region, including the identification of economic gold
mineralization at Snow Lake and
numerous gold zones on the Wekusko Gold Property."
As set out in the Company's NI 43-101 Technical
Report dated May 12, 2012 and filed
on SEDAR, the Wekusko Gold Property hosts historic and recent
discoveries of moderate to high grade gold mineralization in near
surface quartz veins. Prospecting and geochemical work north
of the high grade Ferro and Rex
Laguna trending belts indicate potential for Snow Lake/Britannia type of larger tonnage, lower grade
gold deposits. To date, the New Britannia deposit at
Snow Lake has produced 1,428,290
ounces of gold recovered from 12,124,449 tons milled for a recovery
grade of 0.117 oz/ton.
Daniel Ziehlke,
VP of Exploration for Great Northern Gold, is the Company's
Qualified Person under the definition of NI 43-101, and has
reviewed this press release for accuracy and compliance with NI
43-101. Information relating to adjacent properties has not been
verified by Great Northern Gold and is not necessarily indicative
of the mineralization on the Wekusko Gold Property. The Wekusko
Gold Property is an early-stage mineral property and does not
contain a resource defined by NI 43-101.
About Mobile Metal Ion (MMI™)
Geochemistry
MMI geochemistry technology is owned by SGS
(www.sgs.com/geochem), a leading inspection, verification, testing
and certification company. According to SGS, Mobile Metal Ion
(MMI™) geochemistry is a proven advanced geochemical exploration
technique known to find mineral deposits. It is especially well
suited for deeply buried mineral deposits. MMI measures metal ions
that travel upward from mineralization to unconsolidated surface
materials such soil, till, sand and so on. These mobile metal ions
are released from mineralized material and travel upward toward the
surface. Using careful soil sampling strategies, sophisticated
chemical ligands and ultra sensitive instrumentation, SGS is able
to measure these ions. After interpretation, MMI data can
indicate anomalous areas. Please see the SGS website
www.sgs.com/geochem for more details and case studies.
About Great Northern Gold Exploration
Corporation
Great Northern Gold is a gold exploration company operating in
Northern Canada and has an option
to earn a 100% undivided interest in the property known as the
Wekusko Property located 23 kilometers southeast of Snow Lake, Manitoba and comprising 55 mineral
claims totaling approximately 8,880 hectares. Great Northern Gold
has also entered into a Property Option Agreement to earn a 100%
undivided interest in the property known as the Ferro Mine Property
located 23 kilometers southeast of Snow
Lake, Manitoba and east of Wekusko Lake, Manitoba.
Capitalization:
Number of common shares outstanding: 20,220,867
Number of fully diluted shares outstanding: 24,507,533
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SOURCE Great Northern Gold Exploration Corporation