
TSX Venture SYMBOL:
NSM
December 6, 2007
NORTHERN STAR ANNOUNCES SECOND
UNDERGROUND EXPLORATION PROGRAM
Northern Star Mining Corp. (“Northern Star” or the
“Company”; TSX Venture Exchange - NSM):
announces during its 2007 exploration and drilling program, significant gold targets
were confirmed outside the immediate area of Shaft #1. Surface drilling has
identified a number of gold mineralized zones within a similar geological
environment as the main “Briar” and “Midway” Zones.
These structures returned the following intersections
(news release October 3, 2007)
|
DDH No. |
From (m) |
To (m) |
Core length (m) |
Grade (g/t Au) |
|
|
|
|
|
|
|
MC-07-75 |
112.20 |
115.75 |
3.55 |
4.21 |
|
MC-07-79 |
41.00 |
57.60 |
16.60 |
3.40 |
|
Including |
41.00 |
42.50 |
1.50 |
13.55 |
*Core lengths are fairly close to
true width
This year’s drilling program indicated the presence of larger widths of
gold mineralization within porphyries and gabbro at
the Chabela Zone, beside the previously known higher
grades over narrower widths.
Based on these new drill results which also confirmed original
drilling on the “Chabela” Zone (43-101 Sedar), the Company is pleased to announce it has begun
work towards the construction of a second underground access to further explore,
expand and develop these new targets.
The Company has begun initial surface work and
planning for the construction of a 5,000-foot decline to access this gold
mineralization indicated by surface drilling. The decline will have an initial
planned vertical depth of 750 feet and its surface portal will be located
approximately 4,000 feet southeast of the Company’s Shaft No. 1 where current
progress on the original planning is awaiting further engineering studies. This
engineering work is needed to safely access underground via its 3,000 foot deep
Shaft No. 1.
The decline is designed to access, explore and develop these mineralized
zones located north of the portal entrance, at the 450`level, and will extend
to access other zones underneath the old townsite of Halet, including gabbro and
porphyry bodies as indicated by Northern Star’s 2003, 2004 and 2005 drill
programs.
The construction of the decline will be funded by the Company’s recent financing
of $17,925,000 U.S. of 2 year senior secured notes as announced on November 27,
2007.
Mr. Gilles Gauthier, an experienced underground mine operator has been
named project manager, and Mr. Paul Cregheur, mine
consultant will aid in the planning and overall supervision of the decline
construction and underground development work.
Finally, the Company has carried out during 2007, 16,500 linear meters
of surface diamond drilling on four specific targets area on the Malartic-Midway project, and is presently compiling the
results. The company will release results as available. The Company has also
begun initial compilation of its recently acquired Callahan project, (Press
release, October 31, 2007) with plans to begin drilling on the project end of
Q1 2008.
Claude P. Larouche, Geol. Ing. (OIQ) acts
as the qualified person of the Company and has reviewed the contents of the
news release.
ON BEHALF
OF THE BOARD
“Michel
David”
Michel David President
FOR FURTHER INFORMATION PLEASE CONTACT: Northern
Star Mining Corporation TOLL FREE (800) 460-5031 or (819) 825-8088, (FAX) (819)
825-1199 Website: www.nsmgold.com
THE
TSX VENTURE EXCHANGE HAS NOT REVIEWED THE PRESENT INFORMATION AND IS NOT
RESPONSIBLE FOR THE CONTENTS OF THIS NEWS RELEASE, WHICH MAY CONTAIN FORWARD
LOOKING STATEMENTS.