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Northern Gold Recovers Almost 1,800 Ounces From Bulk Sampling At Garrcon

|Includes: Northern Gold Mining, Inc. (NTGMF)

Toronto-based Northern Gold (CVE:NGM) says it has recovered nearly 1,800 ounces of gold from the Garrcon deposit at its Golden Bear project in Ontario, at a 95 percent recovery rate.

The results from the bulk sampling at the deposit are as of February 25.

The company said it recovered 1,797 troy ounces of gold from the mineralized material, with a realized value of $2.49 million.

It processed 36,110 dry tonnes of mineralized material, which represents 45 percent of the total 80,000 tonne bulk sample program, in six batches at St. Andrew Goldfields' Holt mill.

The first batch was processed last September, and the most recent batch ended on February 18, according to Northern Gold's statement.

The goal of the bulk sampling is to gather production metrics and costing data to support a pre-feasibility study for the Garrcon deposit.

Northern said it has stepped up production to provide at least 12,000 tonnes per month to St. Andrew Goldfields, with higher grade material now visible in the East Pit.

St. Andrew Goldfields determines the mill availability, under a custom milling agreement signed between Northern and the company last fall. The deal provides for the milling of a minimum 80,000 tonne bulk sample from Garrcon, for approximately nine months.

The Garrcon deposit is located on the Garrison property, which forms part of the company's Golden Bear project, east of Timmins in Ontario.

The Garrison property at Golden Bear includes about 4 km of the famous Destor-Porcupine Fault System, a major crustal break extending more than 300 km from west of Timmins to east of Val d'Or, in Quebec.