Northern Gold Mining Inc. is a TSX-V listed, publicly traded junior resource company based in Toronto, Ontario and traded under the symbol NGM. The company is dedicated to the discovery and development of high value mineral deposits in the proven mining districts of Kirkland Lake and Timmins in north eastern Ontario and to becoming a low cost gold producer in the area. Northern Gold is focused on developing two advanced stage gold deposits on the Garrison Gold Property, claims optioned to Northern Gold from ValGold Resources Limited in 2009. Each of these deposits have National Instrument 43-101 resource estimates filed respectively for a current combined total gold resource of 983,740 ounces. The company is currently executing a 30,000 meter drill program on the Garrcon Deposit, a potential open pit mine, and is also preparing to release both an updated resource for the Garrcon and a preliminary economic assessment in April 2011.
The company’s strategic direction is to continue to seek out properties and claims in the area known to have high value gold targets and to execute the necessary work to rapidly move these projects towards advanced exploration and mine development stages. Utilizing the latest technology, Northern Gold’s knowledgeable, experienced and highly focused management and exploration teams will continue to target and drill the advanced stage Garrcon deposit to further define the potential of this large gold system. Once mineral resources and reserves are large enough to consider initiating mining operations, the company will assess options available to maximize shareholder value, including seeking out strategic partners and/or obtaining the financial resources to further develop the Garrcon deposit. In pursuit of this strategy, the company has implemented responsible exploration practices including respect for the environment, and its stakeholders, by striving to be an exemplary corporate citizen including establishing a good consultative and working relationship with the neighbouring Wahgoshig First Nations tribe.
Reprint from J Taylor's Gold & Energy Stocks
Reprint from The Northern Miner
Northern Gold Mining on YouTube
Corporate Profile on Stockhouse