Business
Northstar Gold Corp to Conduct Phase I Drill Program at Miller Gold Property
Vancouver, B.C. - TheNewswire - January 28, 2020 - Northstar Gold Corp. (CSE:NSG) (CNSX:NSG.CN) ("Northstar" or the "Company"), a newly listed resource company
About this update from Northstar Gold Corp. Class A
[{"type":"text","content":"Vancouver, B.C. - TheNewswire - January 28, 2020 - Northstar Gold Corp. (CSE:NSG) (CNSX:NSG.CN) (\"Northstar\" or the \"Company\"), a newly listed resource company focused on exploration, development and property acquisitions in the prolific Abitibi Greenstone Belt and Kirkland Lake District provides the following Miller Gold Property exploration update. Following the close of Northstar's recently completed IPO (See Northstar News Release dated Dec. 31, 2019) the Company has commenced the initial stages of a $1.1M Phase I exploration program on the 100%-owned Miller Gold Property, situated 18 km southeast of Kirkland Lake Gold's Macassa SMC mine. Phase I exploration will entail 2,500 m of diamond drilling, 3D modeling, geophysical surveys including 5 km2 of 3D IP, magnetics and gravity, surface stripping, mapping, and sampling. Drilling is expected to commence in late February or early March, with a preliminary focus on confirming and expanding portions of the near surface Miller-Independence historic estimate of 270,000 ounces of gold averaging 11.5 g/t Au* to NI 43-101 Mineral Resource Estimate reporting standards and the Planet Syenite Exploration Target, consisting of approximately 100,000 to 500,000 additional ounces of gold in 3.0 - 5.0 Mt of mineralized material averaging between 1.0 - 3.0 g/t Au.** Drilling will also follow-up other known near-surface high-grade and intrusion-hosted gold targets including the Allied Syenite. * Ontario Ministry of Northern Development and Mines Assessment report # OM87-6-L-239: AFRI file 32D04SW0265 \"Mining and Geological Report on the 1987 Nortek Exploration Program\" by Gordon B. French, President of French & Associates Inc., Highway 112, Tarzwell, Ontario. A Qualified Person has not done sufficient work to classify these historical estimates as current mineral resources and the Company is not treating these historical estimates as current mineral resources. These historical estimates cannot be fully verified. These values cannot and should not be relied upon, are only referred to herein as an indication of previously defined gold mineralization. In order to verify these estimates and to upgrade to NI 43-101 compliant categories, the historical areas would need to be re-drilled with updated sampling procedures put in place. ** The potential quantity and grade of the Exploration Tar...