Perth, Apr 21, 2008 (ABN Newswire) - The Board of Directors of Northern Mining Limited (ASX: NMI) is pleased to advise that all assay results have now been received for the recently completed drilling programme at the Szklary Nickel Project, Poland.
As previously advised in the December 07 quarterly activities report, a preliminary diamond drilling programme aimed at confirming historical nickel grades (refer NMI release to the ASX on 03 March 2007), was completed by NMI in December 2007 at the Szklary lateritic nickel deposit. Ten diamond drill holes were completed for a total advance of ~500 metres. Holes were drilled in close proximity to historical drill holes or prospecting shafts with ~ 400 samples submitted to the Polish Geological Survey Assay Laboratory in Warsaw. Of the ~ 400 samples submitted, 50 duplicate samples were submitted to the ALS laboratory in Perth for check assay purposes.
CSA Australia (geoscience consultancy) has been engaged to undertake a detailed review of the historical database, in conjunction with the latest drilling results, with a view to establishing a JORC compliant resource statement, or to advise the Board what additional work is required to be able to produce a JORC compliant resource statement, for the Szklary deposit. Preliminary metallurgical testwork is planned to commence following the review by CSA.
NMI's recent assay results indicate that on a global basis the intercept widths and grades are broadly in line with those recorded in the historical database. A summary of the results from the latest drilling program is provided in Table 1.
Commenting on the results, Executive Chairman Alan Lockett stated "The Board is very encouraged by the results of this drill programme. The nickel assays were in line with our expectation, reinforcing our confidence in the historical geological database".
Table 1: Summary of Recent Assay Results, Szklary Nickel Project, Poland
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Hole From To Intercept Ni Assay Comments
Number (m) (m) (mdh)* (%)**
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S1 5.0 18.0 13.0 0.55 incl 0.4m @ 1.83%Ni
S2 4.0 9.0 5.0 0.51
S2 11.7 15.0 3.3 1.19 incl 2.3m @ 1.41%Ni
S2 22.0 26.0 4.0 0.42
S4 0.0 11.0 11.0 0.90 incl 3.0m @ 1.59%Ni
B1 19.4 25.0 5.6 0.60
B2 14.6 15.8 1.2 0.35
B3 14.0 30.4 16.4 1.35 incl 6.8m @ 1.66%Ni
and 6.0m @ 1.61%Ni
B4 14.0 30.0 16.0 1.00 incl 5.0m @ 1.78%Ni
B5 30.0 38.0 8.0 0.44
B6 22.0 24.0 2.0 1.72
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* All holes were drilled vertically into an interpreted flat lying deposit, such that downhole intercept lengths can be deemed to be true width intersections
** Assay results are length weighted averages using a 0.3%Ni cut off
Note:
The information in this report that relates to Exploration Results is based on information supplied to and compiled by Mr M. Elias, who is a Fellow of the Australian Institute of Mining and Metallurgy). Mr Elias is employed by CSA Australia Pty Ltd and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Elias consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
