Great Northern Gold Exploration Corporation Commences January 2013
Drilling Program
TSXV: GGE
VANCOUVER, Jan. 24, 2013 /CNW/ - Great Northern Gold
Exploration Corporation, ("Great Northern Gold" or the "Company")
announced that it has commenced drilling on its Wekusko Gold
Property in Northern
Manitoba. Bodnar Drilling Ltd. of Ste. Rose du Lac, Manitoba has been contracted
to complete the drill program.
During the month of November 2012, 468 infill Mobile Metal Ion
("MMI") geochemistry samples were taken on anomalies and extensions
along strike of the earlier detected anomalous trends on the
McCafferty Grid. To date, 1,613 MMI geochemical samples have been
completed on the McCafferty Grid, with a total of 2,279 MMI
geochemical samples completed on three grids on the Wekusko Gold
Property. The 468 new samples were analyzed by SGS
Laboratories in Toronto and the
results were plotted and reviewed in final preparation for the
January 2013 drill program.
The drilling program of approximately 2,000
meters is expected to comprise 20 to 30 drill holes. 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. The
November 2012 MMI sampling extended
the anomalous trend 300 meters southwest of previous
sampling. All drill targets are selected based on
multidisciplinary techniques including geological mapping, MMI
geochemistry, and data from previous work including ground and
airborne Electro Magnetic ("EM") geophysics.
The previously planned two test drill holes on
the Elizabeth-Dauphin grid, have been postponed to allow
testing of two additional targets on the McCafferty grid this
winter. The two postponed drill holes were 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 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, led by Dan
Ziehlke, is working hard to add value to the Wekusko Gold
Property, using their extensive knowledge gained over more than 25
years in the region to target drill holes on high priority gold
anomalies," said Mr. Kim Oishi,
CEO of Great Northern Gold. "This program will help us determine
the potential for economic gold mineralization on the McCafferty
Grid. The area we are drill testing with this initial program
is only 3 km2 of the approximately 89 km2
Wekusko Gold Property, but it hosts strong MMI geochemical
anomalies, gold-bearing quartz veins and shear zones under the
glacial till with the potential for gold mineralization."
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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COMPANY'S BUSINESS WHICH ARE NOT HISTORICAL FACTS ARE
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FROM THOSE CURRENTLY ANTICIPATED IN SUCH STATEMENTS. THE COMPANY
DOES NOT ASSUME ANY OBLIGATION TO UPDATE OR REVISE EVENTS OR
CIRCUMSTANCES UNLESS REQUIRED BY APPLICABLE SECURITIES LAWS.
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SOURCE Great Northern Gold Exploration Corporation