| ||Tue Sep 27, 2011|
Northern Lion Begins Drilling at Moura Project, Portugal
| ||Vancouver, British Columbia: Northern Lion Gold Corp. (the "Company" or "Northern Lion") wishes to announce the commencement of a diamond drill program on the Company's 100% owned Moura licence, located in southern Portugal. The 46.75 square kilometre Moura licence is located 180 kilometres east-southeast of Lisbon. The licence encompasses two historical deposits (Enfermarias and Preguica), and 11 known mineral occurrences, within a 25 kilometre lead-zinc-silver belt.|
In November of 2010, Northern Lion completed a four diamond drill hole program at the Machados area. The third hole (MA-03) intersected 12.8 metres of disseminated, semi massive and massive sulphide mineralization between 162 and 174.8 metres. The sulphides are hosted by a fine grained variably chloritic and silicified volcanic tuff representing a Volcanogenic Hosted Massive Sulphide (VHMS) style mineralization that had not previously been recognized in this area. With the discovery in hole MA-03, a fourth hole (MA-04) was added to the program, located 125 metres to the northwest, and it encountered the mineralized zone between 167 and 175 metres, with a 0.8 metre interval from 174.2 to 175 metres, that returned 3.5% zinc, 0.6% lead, and 0.47 grams per tonne ("g/t") gold. Drill hole MA-02 (300 metres SE) was initially stopped in the overlying dolomite horizon as the presence of the deeper volcanic unit was unknown at that time. The Company then moved the drill rig back onto the MA-02 to deepen the hole and the same favourable horizon was intersected, although the mineralization was weaker.
The sulphide mineralization is hosted in volcanic tuffs and consists of disseminated to massive bands of pyrite and sphalerite with minor galena. Thin bands of chert and exhalite are present within the volcanic sequence, indicating a quiet depositional environment conducive to sulphide accumulation. The most significant results from MA-03 are as follows: 5.4 metres from 164.3 to 169.7 metres of 1.01% zinc including 2.5 metres from 166.5 to 169.0 metres of 1.66% zinc.
Although the grade of the mineralization encountered is low, this is typical of the more distal portions of a VHMS system. The mineralized zone occurs at the upper contact of a sequence of tuffs and black shales with the overlying dolomites. Chalcopyrite, pyrrhotite, arsenopyrite, quartz veins and veinlets were encountered higher in the holes in a sequence of black shales with minor tuffs. A 0.5 metre interval from 57.6 to 58.1 metres in hole MA-03 returned values of 1.73% copper, 34.3 g/t silver and 0.13 g/t gold.
Machados is located approximately 3 kilometres south of the Enfermarias deposit. This deposit was discovered by the Portuguese government exploration authority in the 1980's where they drilled the 13 holes on 200 metre centres, 11 of which intersected mineralization. In 2008, Northern Lion drilled four holes into the Enfermarias area (reported March 18, 2008 and May 14, 2008), the most significant intersection was 16.5 metres that returned 1.3% copper and 3.1 metres of 1.4% copper. The style of mineralization intersected in 2008 at Enfermarias is very similar to what was discovered in Machados area.
In 2011, the Company expanded the ground magnetic survey by connecting the existing survey at Machados and extending it north to encompass the Enfermarias deposit. Several drill targets have been selected, and the first drill hole is currently underway.
Quality Control and Assurance
Joan McCorquodale, P.Geo, a consultant to the Company and a "qualified person" as defined by National Instrument 43 101, is responsible for the Moura Portugal projects' 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.
In addition to the Company's 100% interest in the Moura licence in Portugal, the Company holds several exploration permits in the Republic of Cyprus.
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 Ian Mitchell at (604) 669-2701, toll free at 1 800 663 0510, or email to email@example.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
You can view the Next News Releases item: Wed Oct 12, 2011, Northern Lion Reconnaissance Drilling Intercepts 12.19 Metres of 2.45 g/t Gold and 1.77% Copper at Anglesides, Cyprus
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