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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: loantech	7/18/2006 6:02:05 PM
	of 78410

Northgate drills 3.32 g/t Au over 71.1 m at YD zone 2006-07-18 16:49 ET - News Release Mr. Ken Stowe reports NORTHGATE ANNOUNCES DRAMATIC EXTENSION TO LOWER YD ZONE AT THE YOUNG-DAVIDSON PROPERTY-LOWER BOUNDARY ZONE CONTINUES TO EXPAND Northgate Minerals Corp. has released assay results for 10 additional diamond drill holes at its Young-Davidson property near the town of Matachewan, Ont. Exploration highlights Hole 17 expanded the vertical extent of the lower YD zone by 50 per cent when it intersected two substantial widths of gold mineralization 450 to 600 metres below the old Young-Davidson mine workings and 150 metres below the nearest historic hole in this area. Hole 19, located immediately below the Young-Davidson main shaft, intersected 31.4 metres (true thickness) of 2.98 grams per tonne within which there is a high-grade interval of 4.9 metres at 12.9 grams per tonne. Holes 1C, 1D and 13 have expanded the lower boundary zone toward the west and downplunge. Hole 1C intersected a true thickness of 62.4 metres at 1.84 grams per tonne within which there are two zones of significantly higher grade: 7.44 metres of 3.52 grams per tonne and a separate 6.1 metres at 8.47 grams per tonne. Hole 1D intersected a true thickness of 71.1 metres at 3.32 grams per tonne within which two higher grades zones are present similar to hole 1C: 9.2 metres of 13.96 grams per tonne and 7.9 metres at 7.94 grams per tonne. Hole 13 intersected a true thickness of 8.1 metres at 2.99 grams per tonne. Hole 16, the deepest hole to date on the Young-Davidson property, was drilled west of Dike 2 along the interpreted plunge of the lower boundary zone. The hole intersected seven separate intervals of gold mineralization Including a 9.5-metre (true thickness) interval assaying 3.96 grams per tonne. Ken Stowe, president and chief executive officer, stated: "The assay intersections in Hole 17 demonstrate that the vertical extent of the lower YD zone is at least 50 per cent greater than the upper Young-Davidson zone that was mined for over 20 years. Clearly, there will be a lot more drilling required to get a better handle on the grade, continuity and tonnage within the zone, but we expect that it will develop into a zone similar in scale to the original Young-Davidson zone that was one of the first low-cost bulk mining projects in Canada. The lower boundary zone continues to grow and the results of hole 16, the first hole at depth to the west of Dike 2, confirm that the mineralized system is very extensive. In coming months, we will be using directional drilling to investigate the down plunge extent of the lower boundary and lower YD zones." Overview of Young-Davidson exploration area Gold mineralization on the Young-Davidson property is present primarily in an intrusive syenite host rock dipping at approximately 70 degrees to the south. new.stockwatch.com

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