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Northstar Gold Corp. C.NSG

Alternate Symbol(s):  NSGCF

Northstar Gold Corp is a Canada-based company, which is focused on the exploration, development, and acquisition of exploration properties in the prolific Abitibi Greenstone Belt. The Company's projects include Miller Gold project, Searles Property, Bryce Project, Temagami-Milestone, Rosegrove and Britcanna project. The 1100 hectare Miller Gold project is located approximately 18 kilometers (km) south of Kirkland Lake Gold’s Macassa Mine Complex. The 64-hectare Searles Property is located approximately 18 km southeast of Kirkland Lake. The 4,650-hectare Bryce project is situated on the western extension of the Ridout Break, 65 km east of the Juby Gold Project and 35 kilometers south of the Company's Miller Gold Property. The Temagami-Milestone project is located in Strathcona Township in Northeastern Ontario. The 1,200-hectare Rosegrove Property is situated 0.5 km from the Miller Gold Property. The Britcanna project is situated in south Kirkland Lake, Ontario.


CSE:NSG - Post by User

Post by LowMooron May 04, 2021 9:58am
151 Views
Post# 33122604

One of the Best places, Kirkland Lake..

One of the Best places, Kirkland Lake..Northstar Intersects Near-Surface High-Grade Gold (1,010 g/t Au over 0.5m and 193 g/t Au over 0.6m) at Miller Gold Property
 

Vancouver, British Columbia--(Newsfile Corp. - May 4, 2021) - Northstar Gold Corp. (CSE: NSG) ("Northstar" or the "Company"), reports the completion of the first half of the Phase II drill program on the Company's 100%-owned Miller Gold Property, situated 18 km southeast of the town of Kirkland Lake and Kirkland Lake Gold's Macassa gold mine. During the period March 15th - April 27th, 2021, Northstar drilled 1,990 metres in 8 holes following up the 2020 near-surface bulk-tonnage Allied Syenite Gold Zone discovery (2 holes), near-surface confirmation drilling of the historic gold-telluride No. 1 Vein (2 holes) and 4 holes targeting geophysical and machine learning anomalies.

Two separate and spectacular Allied Syenite gold-telluride vein intercepts from drill hole MG21-56 were sampled and submitted for fire assay and gravimetric finish on a rush basis. These results are reported herein. A total of 205 sample assay results are pending for drill hole MG21-56 and 295 sample assay results are pending for drill hole MG21-55. Mineralized intercepts were obtained in all 8 Phase IIA drill holes and assay results will be reported as they come available.

Click here to view a Proactive Canada interview with Steve Darling and Northstar CEO Brian Fowler detailing the significance of these preliminary Miller Gold assay results.

High-Grade Gold and Tellurides Intercepted in Veins 2 and 3 in Allied Syenite

Preliminary observations and initial results from two samples submitted for gold analysis from drill hole MG21-56, located 40m north-northwest of previous drill hole MG20-47 (1.2 g/t Au over 107.3m between 4.7m and 112.0m along the western flank of the Allied Syenite) (Figure 1) include abundant visible gold and tellurides in a near-surface quartz vein between 14.1m to 14.2m within the first sample grading 193 g/t Au over 0.6m from 14.0m to 14.6m in the Vein 2 zone (Click to here view core photos). Vein 2 was encountered in drill hole MG21-56 between approximately 13m and 24m depth (9 metres true width) with abundant quartz stringers and pyrite. (Click here to view Core photos)

Further down drill hole MG21-56, abundant visible gold, tellurides and bismuth sulfosalts were observed in a quartz vein between 69.7m and 69.8m depth within the second sample grading 1,010 g/t Au over 0.5m from 69.5m to 70m in Vein 3. Vein 3 was intercepted between approximately 57m to 80m depth (18 metres true width) in drill hole MG21-56. The Vein 3 zone in hole MG20-56 consists of numerous stacked shallow dipping quartz veins between 5cm and 30cm in width including three veins hosting visible gold, tellurides or bismuth sulfosalts between 69.7m and 75.7m depth. (Figure 2)

The 2 samples with abundant visible gold and tellurides, along with 5 others containing traces of visible gold or telluride mineralization from drill hole MG21-56 have been submitted for follow-up metallic screen analysis. The assays reported are gravimetric. The core from the new holes that intersected Veins 2 and 3 have been sampled in their entirety, submitted for Fire Assay and will be reported when results become available.

"Miller Property drilling continues to return exceptional "Kirkland Lake-style" high-grade gold-telluride intercepts within the Allied Syenite, states Brian Fowler, President, CEO and Director of Northstar. "While we won't know the full implications of these intercepts until all assay results are received, our hope is that these reported high grades occur within confirmed broader intervals that will ultimately be as good or better than last year's results from nearby holes MG20-47 (1.2 g/t Au over 107.3m) and MG20-49 (1.4 g/t Au over 118.5m). This would provide further confirmation that the bulk-tonnage gold potential of the Allied Syenite Gold Zone has been significantly expanded in terms of size and scope."

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/6839/82761_c76fea7dd46e9987_002.jpg

Figure 1. Miller Gold Property - Allied Syenite Mineralized Zones

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6839/82761_c76fea7dd46e9987_002full.jpg

Phase II Drilling Expands Allied Syenite Gold Zone Along Strike

Phase II drilling at the Allied Syenite has succeeded in expanding the near surface, Allied Syenite Gold Zone, 60 metres to the northwest of hole MG20-47, with a previously reported Vein 2 average grade of 1.81 g/t Au over a true width of 15.2 metres (between 4.7 m and 17.4 m) and a previously reported Vein 3 average grade of 3.59 g/t Au over a 5.4m true width between 79.3m and 85.5m. Collectively referred to as the Allied Syenite Gold Zone, drill hole MG20-47 intersected an average grade of 1.17 g/t Au over 107.3 metres between 4.7 m and 112 m (See Northstar News Release dated September 2, 2020). Additional drill results assays are expected to be available in May.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/6839/82761_c76fea7dd46e9987_003.jpg

Figure 2. Allied Syenite Cross Section Looking Northeast

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6839/82761_c76fea7dd46e9987_003full.jpg

Subvertical Faulting - Possible control on gold mineralization

Recently interpreted structural data collected from drill holes MG20-47, MG21-55, and MG21-56 by DGI Geoscience Inc. using both OTV (Optical Televiewer) and ATV (Acoustic Televiewer) surveying technology has identified a northeast-trending, southeast dipping subvertical brittle fault zone cross cutting the Allied Syenite. The "Independence" Fault (see Figures 1 and 2) is interpreted to be intersected in drill holes MG20-47 (90m to 95m) and MG21-56 (34m to 40m) and is characterized by a halo of strong pervasive hydrothermal chlorite alteration and fracturing surrounding chlorite rich fault breccias typically 3m to 7m in true width. The Independence Fault intersects a broad approximately 200m wide second order northwest striking deformation zone or splay off the Catharine Fault Zone called the "Allied Deformation Zone" within the Allied Syenite.

The intersection of these two deformation zones and their proximity to higher grade gold intercepts may reflect a process of secondary gold enrichment of pre-existing shallow dipping quartz veins at the Miller Gold Property. The abundant cross fracturing along the line of intersection possibly created a zone of enhanced permeability with subsequent introduction of gold, bismuth and tellurium bearing magmatic hydrothermal fluids along a geothermal gradient extending to depth. These newly defined structures could potentially be important controls on gold mineralization on the Property.

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