NORTHERN MINING LIMITED - ASX: NMI

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

GOLD AND NICKEL FOCUS, EAST KALGOORLIE PROJECT WESTERN AUSTRALIA

BlAIR NORTH E25/268 PROSPECT – NORTHERN ZONE: BROAD HALO OF BEDROCK GOLD AND 600M NE TREND HIGH GRADE MINERALISATION. NEW GEOPHYSICAL ANOMALIES REVEALED AT NORTHERN ZONE. SOUTHERN ZONE: GOLD MINERALISATION PLUS NICKEL SULPHIDE OCCURRENCE

* George's Reward (Southern Zone) Major Gold Intersections:
o 66m @ 2.9g/t Au
o 43m @ 3.4g/t Au
o 45m @ 0.9g/t Au
o 24m @ 1.6g/t Au
o 42m @ 2.7g/t Au
o 20m @ 1.3g/t Au
o Maiden resource estimate 22,850oz Au commencing 7 metres from surface and open at depth

* Northern Zone: Extensive, widespread, gold footprint confirmed and 600m NE trend of high grade gold defined. New geophysical anomalies reveal many areas yet to be tested.

* Nickel Sulphide Discovery:
o 8m downhole (from 156m to 164m) @ 1.84% Ni (Sulphide);Including:
o 3m downhole (from 156m to 159m) @ 2.63% Ni (Sulphide).
o 2m downhole (from 161m to 163m) @ 2.94% Ni (Sulphide).
o 1m downhole (from 161m to 162m) @ 4.40% Ni (Sulphide).
o Close to potential processing plants (Jubilee, Black Swan, Kambalda).

KANOWNA LIGHTS PROSPECT, WESTERN AUSTRALIA

Independent geological review highlights significant bedrock anomalism and new gold targets for RC drilling. Historical drilling outlines a northerly trending palaeo-channel over a distance of 800m (the Confluence Lead) and a tributary designated the Western Lead which was traced over 1,500m. RAB drilling produced gold values up to 6m @ 3.28g/r Au from 24m (Confluence Lead) and 2m @ 10.53g/t Au from 30m (Western Lead). Situated 3kms northwest of the +5Moz Kanowna Belle gold deposit (Barrick Gold) in the North Coolgardie Mineral Field of Western Australia.

LATERITE NICKEL FOCUS POLAND, SZKLARY NICKEL PROJECT

* Inferred Mineral Resource 16.8Mt @ 0.6% Ni for 94,000t contained metal.
* Heads of Agreement with Polish Copper Giant KGHM for undertaking of Feasibility Study into joint development of the deposit.
* Feasibility Study expected to commence in 2011.

Radzimowice Gold Project:

* Previously exploited gold, silver, arsenic, copper.
* Historical grades of 10 – 44g/t gold.
* Recent 3D model digitised from series of historical mining plans exposes potential for significant down dip extension of gold vein systems.
* Targeting gold endowment in range of 1500 – 2500 oz per vertical metre.
* Total concession area 10.86km2.
* Close to existing infrastructure.
* Diamond drilling programme due to commence March 2011.

URANIUM, NICKEL, BASE METALS, COPPER, COBALT, ZINC, MANGANESE FOCUS

NORTHERN TERRITORY

* > 8,000 square kilometres tenement area (6 projects).
* Close to Alice Springs infrastructure.
* Milton Park Project: excellent potential secondary uranium deposits.
* Camel Prospect: Extensive manganese outcrops indicated.

Mine For

lead, zinc, silver, uranium, nickel, gold

Location of operation(s)

Poland, Western Australia, Northern Territory

Address

Se 24, Level 3, 25 Walters Dr
HERDSMAN, WA, AUSTRALIA

Phone

(08) 9244 8499

Email

Website

http://www.northernmining.com.au/

Last Updated

3/3/2011