Highlights
Highlighted gold assays from drill hole NGKOP22011 (copper assays are still pending) include:
- 1.23 grams per tonne (“g/t”) gold (“Au”) over 14.6m from 74m depth along hole (54.1m vertical depth), including:
- 2.58 g/t Au over 4.75m from 78.65m (57.5m vertical)
Highlighted gold assays from drill hole NGKOP22012 (copper assays are still pending) include:
- 0.73 g/t Au over 8.8m from 7.2m (5.3m vertical), including
- 1.75 g/t Au over 2.8m from 7.2m (5.3m vertical)
Highlighted gold assays from drill hole NGKOP22013 (copper assays are still pending) include:
- 0.60 g/t over 29.6m from 11.1m (8.1m vertical), including
- 1.18 g/t Au over 10.3m from 26.8m (19.6m vertical), and
- 0.53 g/t Au over 19m from 55.4m (40.5m vertical), including
- 4.10 g/t Au over 1.1m from 57.8m (42.3m vertical)
Highlighted gold assays from drill hole NGKOP22019 (copper assays are still pending) include:
- 0.62 g/t over 79m from 14m (10.2m vertical), including
- 1.05 g/t Au over 34.4m from 15m (19.6m vertical), which includes
- 2.21 g/t Au over 6.95m from 36.55m (26.7m vertical).
- 1.05 g/t Au over 34.4m from 15m (19.6m vertical), which includes
Highlighted gold assays from drill hole NGKOP22020 (copper assays are still pending) include:
- 0.63 g/t over 54.9m from 23m (16.8m vertical), including
- 1.02 g/t Au over 19.35m from 42.2m (11m vertical), and including
- 2.35 g/t Au over 1.3m from 76.6m (56.0m vertical), and
Drill hole locations are shown in Table 1 and Figure 1.
Gold assay results are shown in Table 2 and Figure 2.
These five drill holes were located up to 60m west of the limit of historic drilling and all successfully intercepted continuations of gold mineralization, thereby extending the length of the deposit along strike to the west. All five drill holes encountered broad intervals (ranging from 9.8 to 79m wide along-hole) of low-grade gold mineralization (0.60 to 1.23 g/t Au) beginning from shallow to moderately shallow depths (from 5.3 to 54.1m vertical), which should help grow gold mineral resources either by expanding previously defined mineralized zones or by infilling of zones previously defined as waste rock. Notable apparent expansions to gold mineralization include in drill holes NGKOP22019 and NGKOP22020 which were drilled from south of the western end of the existing resource outline and which encountered substantial gold mineralization up to roughly 40m south and up to roughly 40m above the previously understood generalized envelope of gold and copper mineralization (see Figure 2), and in drill holes NGKOP22011 and NGKOP22012 which were drilled north of the western end of the existing resource outline and which encountered a northern up-dip continuation of the previously defined mineralized zones (in NGKOP22012, see Figure 2) as well as discovered a new possible parallel zone below the existing deposit (in NGKOP22011, see Figure 2) that may require future follow-up. Narrower, higher-grade intervals from deeper, moderate depths were also encountered in four of the five drill holes (ranging from 2.21 to 4.1 g/t Au over 1.1 to 6.95m along-hole, beginning from 26.7 to 57.5m vertical), which continue to suggest possible future underground potential, pending further study and future drilling. Recall, this deeper, higher-grade potential was also reflected in recently reported 2022 drill holes located along the south edge of the deposit (see press releases dated
Kopsa Historic Resource Estimate
Kopsa hosts a historic resource estimated at 16.3 million tonnes (“Mt”) at 0.81 g/t Au and 0.16% copper (“Cu”) for 423,600 ounces (“oz”) Au, or 554,600 oz gold equivalent (“AuEq”) at 1.06 g/t AuEq, the majority of which falls in the Measured and Indicated (“M&I”) category in accordance with Canada’s National Instrument (“NI”) 43-101 standards. See Northgold’s Independent Geologists Report (“IGR”) on the Company’s website for more information.
Update on the Completed 2022 DD Program
The completed 2022 DD program included 4,241 m at the flagship Kopsa project. Including today’s announced five holes, gold assays have now been reported for 18 drill holes (see also press releases dated
The DD program also included another five DD holes totalling 695 m at Pirttineva (totalling 4,936m drilled company-wide during 2022), a previously un-drilled prospect at our Kiimala Trend project that looked promising based on a recently completed Induced Polarization (IP) geophysical survey and outcrop samples (see press release dated
Update on 2023 Exploration Planning
Planning is ongoing for the Company’s fully-funded 3,000m 2023 diamond drilling program that will be aimed at continued resource growth and new discoveries, and will once again incorporate both Kopsa and Kiimala Trend projects. The drill program is set to begin late in the first quarter of 2023, with further details on plans to be announced in the coming weeks, pending the ongoing and incoming assay results, and based on the results of additional Induced Polarization (IP) geophysical surveys that are being completed across additional southern portions of Kiimala Trend.
Table 1: Collar locations of reported drill holes at Kopsa
Drill Hole | Easting (m) | Northing (m) | Elevation | Azimuth | Dip | Hole Depth (m, along hole) | Hole Depth (m, vertical) |
NGKOP22011 | 413074.10 | 7072867.90 | 111.42 | 23 | 47 | 112.8 | 82.5 |
NGKOP22012 | 413029.74 | 7072869.31 | 110.37 | 23 | 47 | 158.6 | 116.0 |
NGKOP22013 | 413003.96 | 7072831.94 | 110.52 | 23 | 47 | 184.4 | 134.9 |
NGKOP22019 | 412988.36 | 7072794.09 | 109.89 | 23 | 47 | 119 | 87.0 |
NGKOP22020 | 412967.28 | 7072742.46 | 109.26 | 23 | 47 | 150 | 109.7 |
Table 2: Gold assay results from Kospa
Drill Hole | Target Description | From | To | Interval | Gold Grade | Copper Grade | Gold Equivalent Grade | |
(m) | (m) | (m) | (g/t Au) | (% Cu) | (g/t AuEq) | |||
NGKOP22011 | Along Strike West Continuation | 46.35 | 47.2 | 0.85 | 0.99 | Cu assays are pending | ||
and | 74 | 88.6 | 14.6 | 1.23 | Cu assays are pending | |||
including | 74 | 75 | 1 | 2.06 | Cu assays are pending | |||
which includes | 78.65 | 83.4 | 4.75 | 2.58 | Cu assays are pending | |||
which includes | 78.65 | 79.45 | 0.8 | 6.42 | Cu assays are pending | |||
and includes | 79.45 | 80 | 0.55 | 1.56 | Cu assays are pending | |||
and includes | 80 | 81 | 1 | 2.57 | Cu assays are pending | |||
and includes | 81 | 81.5 | 0.5 | 1.16 | Cu assays are pending | |||
and includes | 82.4 | 83.4 | 1 | 2.89 | Cu assays are pending | |||
and including | 87 | 87.8 | 0.8 | 1.00 | Cu assays are pending | |||
and including | 87.8 | 88.6 | 0.8 | 1.73 | Cu assays are pending | |||
NGKOP22012 | Along Strike West Continuation | 7.2 | 16 | 8.8 | 0.73 | Cu assays are pending | ||
including | 7.2 | 10 | 2.8 | 1.75 | Cu assays are pending | |||
which includes | 7.2 | 7.7 | 0.5 | 1.98 | Cu assays are pending | |||
and includes | 7.9 | 8.2 | 0.3 | 9.71 | Cu assays are pending | |||
and includes | 9 | 10 | 1 | 0.93 | Cu assays are pending | |||
and | 20.8 | 21.8 | 1 | 0.63 | Cu assays are pending | |||
and | 34.9 | 35.9 | 1 | 0.80 | Cu assays are pending | |||
and | 91.4 | 92.1 | 0.7 | 1.54 | Cu assays are pending | |||
and | 113.3 | 114.3 | 1 | 1.11 | Cu assays are pending | |||
and | 125.9 | 126.3 | 0.4 | 4.57 | Cu assays are pending | |||
and | 131.3 | 132.1 | 0.8 | 0.66 | Cu assays are pending | |||
and | 134.7 | 135.5 | 0.8 | 1.66 | Cu assays are pending | |||
NGKOP22013 | Along Strike West Continuation | 11.1 | 40.7 | 29.6 | 0.60 | Cu assays are pending | ||
including | 11.1 | 12.1 | 1 | 0.82 | Cu assays are pending | |||
and including | 12.1 | 13.1 | 1 | 0.54 | Cu assays are pending | |||
and including | 13.1 | 14.1 | 1 | 1.78 | Cu assays are pending | |||
and including | 26.8 | 37.1 | 10.3 | 1.18 | Cu assays are pending | |||
which includes | 26.8 | 27.8 | 1 | 1.31 | Cu assays are pending | |||
and includes | 29.5 | 30.5 | 1 | 0.73 | Cu assays are pending | |||
and includes | 30.5 | 31.5 | 1 | 1.57 | Cu assays are pending | |||
and includes | 31.5 | 32.5 | 1 | 1.24 | Cu assays are pending | |||
and includes | 32.5 | 33.5 | 1 | 1.75 | Cu assays are pending | |||
and includes | 33.5 | 34.5 | 1 | 3.41 | Cu assays are pending | |||
and includes | 35.5 | 36.4 | 0.9 | 0.61 | Cu assays are pending | |||
and includes | 36.4 | 37.1 | 0.7 | 0.78 | Cu assays are pending | |||
and | 37.1 | 37.7 | 0.6 | 0.79 | Cu assays are pending | |||
and | 55.4 | 74.4 | 19 | 0.53 | Cu assays are pending | |||
including | 55.4 | 56 | 0.6 | 2.32 | Cu assays are pending | |||
and including | 57.8 | 58.9 | 1.1 | 4.10 | Cu assays are pending | |||
which includes | 57.8 | 58.5 | 0.7 | 1.46 | Cu assays are pending | |||
and includes | 58.5 | 58.9 | 0.4 | 8.72 | Cu assays are pending | |||
and | 62.4 | 63.3 | 0.9 | 0.87 | Cu assays are pending | |||
and | 65.3 | 65.9 | 0.6 | 1.08 | Cu assays are pending | |||
and | 68.9 | 69.4 | 0.5 | 0.65 | Cu assays are pending | |||
and | 103.6 | 104 | 0.4 | 2.97 | Cu assays are pending | |||
and | 141.2 | 141.9 | 0.7 | 0.60 | Cu assays are pending | |||
NGKOP22019 | Along Strike West Continuation | 14 | 93 | 79 | 0.62 | Cu assays are pending | ||
including | 15 | 49.4 | 34.4 | 1.05 | Cu assays are pending | |||
which includes | 15 | 15.9 | 0.9 | 1.53 | Cu assays are pending | |||
and includes | 15.9 | 16.9 | 1 | 3.19 | Cu assays are pending | |||
and includes | 16.9 | 17.9 | 1 | 0.85 | Cu assays are pending | |||
and includes | 17.9 | 18.5 | 0.6 | 0.61 | Cu assays are pending | |||
and includes | 18.5 | 19.5 | 1 | 2.50 | Cu assays are pending | |||
and includes | 19.5 | 20.4 | 0.9 | 1.14 | Cu assays are pending | |||
and includes | 20.4 | 21.3 | 0.9 | 0.58 | Cu assays are pending | |||
and includes | 21.3 | 22.3 | 1 | 0.53 | Cu assays are pending | |||
and includes | 22.3 | 23.1 | 0.8 | 0.69 | Cu assays are pending | |||
and includes | 23.1 | 23.7 | 0.6 | 3.25 | Cu assays are pending | |||
and includes | 24.6 | 25.3 | 0.7 | 0.57 | Cu assays are pending | |||
and includes | 29.3 | 30.3 | 1 | 0.73 | Cu assays are pending | |||
and includes | 31.2 | 31.9 | 0.7 | 1.66 | Cu assays are pending | |||
and includes | 35 | 35.8 | 0.8 | 0.51 | Cu assays are pending | |||
and includes | 36.55 | 43.5 | 6.95 | 2.21 | Cu assays are pending | |||
which includes | 36.55 | 37.4 | 0.85 | 2.52 | Cu assays are pending | |||
and includes | 38.4 | 39.15 | 0.75 | 4.77 | Cu assays are pending | |||
and includes | 39.15 | 39.8 | 0.65 | 5.55 | Cu assays are pending | |||
and includes | 40.7 | 41.6 | 0.9 | 0.60 | Cu assays are pending | |||
and includes | 41.6 | 42.5 | 0.9 | 2.96 | Cu assays are pending | |||
and includes | 42.5 | 43.5 | 1 | 2.32 | Cu assays are pending | |||
and includes | 44.5 | 45.5 | 1 | 0.69 | Cu assays are pending | |||
and includes | 45.5 | 46.4 | 0.9 | 1.00 | Cu assays are pending | |||
and includes | 46.4 | 47.4 | 1 | 0.51 | Cu assays are pending | |||
and includes | 48.4 | 49.4 | 1 | 0.53 | Cu assays are pending | |||
and including | 63.6 | 64.6 | 1 | 3.26 | Cu assays are pending | |||
and including | 74 | 75 | 1 | 0.70 | Cu assays are pending | |||
and including | 75 | 76 | 1 | 1.02 | Cu assays are pending | |||
and including | 88 | 89 | 1 | 1.05 | Cu assays are pending | |||
and including | 89.7 | 90.55 | 0.85 | 0.92 | Cu assays are pending | |||
and including | 92 | 93 | 1 | 0.69 | Cu assays are pending | |||
and | 99.6 | 100.1 | 0.5 | 2.58 | Cu assays are pending | |||
and | 107 | 108 | 1 | 0.82 | Cu assays are pending | |||
NGKOP22020 | Along Strike West Continuation | 23 | 77.9 | 54.9 | 0.63 | Cu assays are pending | ||
including | 23 | 23.9 | 0.9 | 1.76 | Cu assays are pending | |||
and including | 28.5 | 29.5 | 1 | 0.78 | Cu assays are pending | |||
and including | 29.5 | 30.5 | 1 | 0.55 | Cu assays are pending | |||
and including | 42.2 | 61.55 | 19.35 | 1.02 | Cu assays are pending | |||
which includes | 42.2 | 42.85 | 0.65 | 1.81 | Cu assays are pending | |||
and includes | 42.85 | 43.7 | 0.85 | 2.11 | Cu assays are pending | |||
and includes | 43.7 | 44.7 | 1 | 0.98 | Cu assays are pending | |||
and includes | 44.7 | 45.7 | 1 | 0.60 | Cu assays are pending | |||
and includes | 45.7 | 46.7 | 1 | 0.72 | Cu assays are pending | |||
and includes | 46.7 | 47.7 | 1 | 1.13 | Cu assays are pending | |||
and includes | 47.7 | 48.4 | 0.7 | 2.74 | Cu assays are pending | |||
and includes | 48.4 | 49.4 | 1 | 1.70 | Cu assays are pending | |||
and includes | 49.4 | 50.4 | 1 | 0.77 | Cu assays are pending | |||
and includes | 51.6 | 52.25 | 0.65 | 2.13 | Cu assays are pending | |||
and includes | 52.25 | 53 | 0.75 | 2.99 | Cu assays are pending | |||
and includes | 53.7 | 54.6 | 0.9 | 1.42 | Cu assays are pending | |||
and includes | 59.15 | 59.75 | 0.6 | 1.92 | Cu assays are pending | |||
and includes | 60.65 | 61.55 | 0.9 | 1.33 | Cu assays are pending | |||
and including | 65.1 | 66.1 | 1 | 0.97 | Cu assays are pending | |||
and including | 66.1 | 66.8 | 0.7 | 1.11 | Cu assays are pending | |||
and including | 66.8 | 67.75 | 0.95 | 1.23 | Cu assays are pending | |||
and including | 70.5 | 71 | 0.5 | 2.98 | Cu assays are pending | |||
and including | 74 | 74.7 | 0.7 | 0.54 | Cu assays are pending | |||
and including | 75.6 | 76.6 | 1 | 1.06 | Cu assays are pending | |||
and including | 76.6 | 77.9 | 1.3 | 2.35 | Cu assays are pending | |||
which includes | 76.6 | 77.25 | 0.65 | 1.94 | Cu assays are pending | |||
and includes | 77.25 | 77.9 | 0.65 | 2.75 | Cu assays are pending | |||
and | 115 | 115.4 | 0.4 | 1.60 | Cu assays are pending | |||
and | 116.4 | 117.4 | 1 | 0.97 | Cu assays are pending | |||
and | 123.5 | 124.5 | 1 | 0.87 | Cu assays are pending | |||
and | 126 | 127 | 1 | 0.58 | Cu assays are pending | |||
and | 127 | 128 | 1 | 0.64 | Cu assays are pending | |||
and | 129 | 130 | 1 | 0.67 | Cu assays are pending | |||
and | 130 | 131 | 1 | 1.16 | Cu assays are pending | |||
and | 139 | 139.75 | 0.75 | 0.89 | Cu assays are pending |
- A lower gold cutoff grade of 0.5 g/t Au was applied
- Bold intervals are highlighted in the text of the release
- True widths are estimated to be 50-80% of the reported core length intervals
Figure 1: Locations of drill holes completed at Kopsa project
[see attachment for images]
Figure 2: Cross section looking W-NW (using LeapfrogTM software) showing gold assay results for new drill holes NGKOP22011, NGKOP22012, NGKOP22013, NGKOP22019 and NGKOP22020 (50m wide slice)
[see attachment for images]
Qualified person
The technical information in this press release has been reviewed by Dr
Quality assurance and quality control (QA/QC)
Drill core was logged, sampled and cut in half by a diamond saw in a secure core storage facility located in Pyhäsalmi Mine site,
For additional information, please contact the CEO:
“Mitch Vanderydt”
Email: ir@northgoldab.com
Website: www.northgoldab.com
Follow us: www.linkedin.com/company/northgold
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Forward-looking statements
This announcement may contain certain forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe”, “expect”, “anticipate”, “intends”, “estimate”, “will”, “may”, “continue”, “should” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies, and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies, and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information, opinions and forward-looking statements contained in this communication speak only as at its date and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm or release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.
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