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Aug 03, 2010 : Drilling Underway at the Moura Project, Portugal (more...)
Jul 27, 2010 : Initial Cyprus Drill Program Complete (more...)
Jul 14, 2010 : Northern Lion Engages Investor Relations Consultan... (more...)
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| | Mon Jun 7, 2010
Diamond Drill Program Commences in the Republic of Cyprus
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| | Vancouver, British Columbia: Northern Lion Gold Corp. (the "Company" or "Northern Lion") announces the commencement of the Phase I drill program and provides an update on the Company's exploration projects in Cyprus.
Hy-Tech Drilling Ltd. has shipped a Tech 5000 rig to the island and drilling commenced on June 5, 2010. Drill targets have been selected on the Red Hill, Red Rock, Pitha and Philani projects based on the Companys' grid based mapping, soil and rock sampling programs in conjunction with historical data.
Red Hill Project
At Red Hill a series of drill holes from the 1950's and 60's were completed to test the gold and base metal potential of the old gold workings. The property was mined for gold during the pre WWII period, when high grade gold was recovered from two open cuts at the top of the hill. No production records are available; however chip sampling by Northern Lion crews has returned highly significant gold and silver values from the walls of the excavations as shown in the following table. Of the 44 chip and grab samples for which complete assays have been received, 18 assayed over 0.5 grams per tonne ("g/t") Au. An additional 38 samples are in process.
SAMPLE
Number |
Width
metres |
Au
ppm |
Ag
ppm |
Cu
ppm |
Pb
ppm |
Zn
ppm |
| 11651 |
4 |
4.41 |
28.1 |
31 |
358 |
43 |
| 11652 |
grab |
4.79 |
36.4 |
21 |
73 |
8 |
| 11653 |
grab |
1.06 |
16.7 |
19 |
1010 |
5 |
| 11654 |
3.5 |
3.66 |
17.1 |
19 |
387 |
7 |
| 11655 |
3 |
2.53 |
51.1 |
8 |
58 |
3 |
| 11657 |
5 |
0.90 |
8.2 |
73 |
132 |
12 |
| 11658 |
5 |
0.88 |
6.7 |
47 |
126 |
9 |
| 11659 |
grab |
1.49 |
9.8 |
113 |
47 |
14 |
| 11663 |
5 |
2.93 |
31.1 |
59 |
796 |
47 |
| 11664 |
5 |
2.76 |
19.5 |
161 |
1450 |
58 |
| 11667 |
grab |
0.51 |
9.7 |
14 |
861 |
12 |
| 11690 |
grab |
0.74 |
23.5 |
12 |
954 |
5 |
| 11758 |
0.2 |
1.55 |
9.6 |
26 |
41 |
11 |
| 11760 |
2 |
0.96 |
96.6 |
13 |
11 |
15 |
| 11761 |
2.2 |
2.85 |
17.6 |
43 |
410 |
15 |
| 11765 |
1.6 |
5.26 |
17.5 |
34 |
604 |
11 |
| 11766 |
0.3 |
6.64 |
19.1 |
23 |
154 |
13 |
| 11772 |
1.2 |
0.99 |
<0.2 |
836 |
3 |
290 |
The Phase I drill program is designed to test the gold zone at Red Hill, to determine the depth, attitude, grade and the true width of the mineralized zone. Sampling of chips from five rotary holes in the 1950's indicated in excess of 1 g/t gold over 125 metres ("m") strike length north-south and 30m east-west, to a maximum depth of 50m. Soil sampling of the dump areas has returned values of up to 11.5 g/t gold.
Results of the grid soil sampling program show a strong correlation between gold, copper and silver values. The soil anomalies track a northerly trending structure which is visible in the open cuts, and sporadically through the covered areas to the north. This structure can be traced for an additional 1 kilometre ("km") to the north before it is covered by recent sediments. Mapping to date indicates that the stratigraphic section is down-dropped to the north, protecting the potential extension from erosion. Follow-up geophysical surveys are planned to test these deeper targets during the next phase of exploration.
Red Rock Project
At the Red Rock project, located over a kilometre to the northwest of Red Hill three historical drill holes encountered a massive sulphide body, one of which assayed 1% copper over 40m. The massive sulphides were fault bounded in all three holes. This sulphide body has not been fully delineated and gold was not analyzed. A hole is planned during this phase of drilling to test the gold content of these massive sulphides.
Pitha Project
The Pitha project forms part of the Kambia Exploration Permits, which incorporates the Pitha and Peristerka massive sulphide bodies. Peristerka which consisted of two adjacent vertical massive sulphide bodies, and was mined in the 1970's for pyrite, and contained 1.12 million tones at an average of 0.8% copper, with an unknown gold grade.
At Pitha (1km to the west of Peristerka) the area was partially pre-striped preparing for the extraction of pyrite when the Turkish invasion of 1974 halted activities. Historical drill data indicates a vertically oriented massive sulphide body in excess of 500,000 tons. No gold assays were carried out during the period when the massive sulphide was drilled, and no overall copper grade is available.
In order to determine the gold potential of this area a chip sampling program was carried out over the exposed benches, and any exposures of massive sulphide visible in the pit. The Pitha massive sulphide body is located in the Basal Group rocks within 200m of the contact with the overlying Pillow Lava Series. Dykes within the Basal Group in this area trend north northeasterly and have a near vertical dip, as do the major structural trends.
A total of 132 chip and grab samples were collected from all prospective exposures of altered and mineralized rocks, along with a suite of samples from fresh outcrop for reference material. The results of this work show an excellent clustering of gold and copper values at the west end of the pit, such as; 2.64 g/t gold and 62.1 g/t silver over 3.2 m and 4.67 g/t gold, 3.91% copper, 33.6 g/t silver. For full results see news release dated May 13, 2010. The anomalous gold and copper values cover an area of 75m by 60m, and remain open. Two drill holes are planned to test this gold -- copper enriched area.
Philani Project
There are two drill holes planned for this phase at Philani. The first target is a partially defined orebody of high grade copper and zinc massive sulphide mineralization with significant gold values (this resource predates National Instrument 43-101 ("NI 43-101") and was not prepared in accordance with its requirements). The second hole will test Northern Lion's previous surface sampling that returned over 4g/t gold from a gossan located peripheral to the massive sulphide body. The current mapping has shown the anomalous gossan to be one of a series located along a 3100 trend, none of which had been previously tested.
Research within the files of the Cyprus Geological Survey has uncovered historical drill data that indicates a hole located to the west of the massive sulphide body appears to intersect a feeder zone. This hole encountered 24m of 0.4% copper, but was not analysed for gold. It is also proximal to the 4g/t gold assay from the surface gossan.
About the Republic of Cyprus
The history of mineral exploitation (copper, gold and other metals) on the island of Cyprus dates back to the Bronze Age, approximately 5,000 years ago. The Phoenicians were the first to process copper on the island, followed by the Romans and this activity has continued to the present day. The evidence of this long history of mining is readily observed in the abundant ancient surface and underground workings along with extensive slag heaps. Mineral exploration in the Republic of Cyprus has been at a very low level over the last few decades, and management believes that there is a high probability of additional massive sulphide bodies being present that did not outcrop, as nearly all of the known deposits did.
The metal deposits of Cyprus are dominantly copper-bearing volcanogenic hosted massive sulphide "VHMS" deposits. These deposits are hosted within the pillow lava sequence of the Troodos Ophiolite Complex. The pillow lava sequence is divided into Upper and Lower Pillow Lavas, with the majority of massive sulphide bodies located along the contact between pillow lava sequences, and the remainder between the Lower Pillow Lavas and the Basal Group. All of the Company's applications overlie these important contacts. Gold mineralization associated with the massive sulphide ores has not historically been evaluated.
Quality Control and Assurance
The Company's field activities in Cyprus are under the direction of Jim Chapman, P.Geo. (BC), consultant to the Company and "qualified person", as defined by NI 43-101, who is responsible for the technical content of this news release.
About Northern Lion
Northern Lion Gold Corp. is a Canadian mineral exploration company, listed on the TSX Venture Exchange and the Frankfurt Exchange. The Company is committed to building a strong portfolio of projects within mining-friendly and infrastructure rich areas of Europe. The Company is well funded to continue to define and explore its existing projects and to acquire and explore new projects.
In addition to its exploration permits in Cyprus, the Company holds a 100% interest in its Moura Licence in Portugal and a 100% interest in two projects in the historic Bergslagen mining district of southern Sweden.
NORTHERN LION GOLD CORP.
John Lando, President
For information with respect to Northern Lion or the contents of this news release, please contact John Lando or Don Flahiff at (604) 669-2701, toll free at 1 800 663 0510, or email to info@northernliongold.com or visit the web site at www.northernliongold.com.
This news release includes "forward-looking information", as such term is defined in applicable securities laws. The forward-looking information includes, without limitation, the success of exploration activities and other similar statements concerning anticipated future events, conditions or results that are not historical facts. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward-looking information is inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among others, risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the Company's limited operating history; the need to comply with environmental and governmental regulations; potential defects in title to the Company's properties; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; and other risks and uncertainties. Accordingly, actual future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. All statements are made as of the date of this news release and, except as required by law, the Company is under no obligation to update or alter any forward-looking information.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE |
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