Airborne Geophysical Survey Completed Over Skyttgruvan And Oxberg Projects, Sweden
Vancouver, British Columbia: Northern Lion Gold Corp. (the “Company”) announces the completion of a helicopter-borne, geophysical survey on its 100% owned Oxberg and Skyttgruvan mineral exploration licences, located within the prolific Bergslagen district approximately 175 km northwest of Stockholm, Sweden.
This program was carried out by Geotech Airborne Limited (Geotech). Employing an advanced, deep-penetrating, VTEM (Versatile Time-Domain Electromagnetic) system, which included a high-resolution cesium magnetometer. Flight lines were oriented on a northwest-southeast, 100 metre grid, for a total of 560 line-km, including tie-lines.
The Company is now awaiting the preliminary survey data from Geotech, followed by the final filtered and leveled version which will then be forwarded to Condor Consulting, Inc. (“Condor”), of Lakewood, Colorado. Condor is internationally-recognized for its expertise in the interpretation of airborne electromagnetic survey data. Condor will process and interpret the complex data-set generated by the survey.
The Skyttgruvan (1,246.79 hectares) project is immediately west of the historical Falun mine, which operated continuously for more than a millennium until 1992, producing more than 28 million tonnes of ore, containing approximately 840,000 tonnes of copper, with significant values of zinc (4%), lead (1.5%), gold (3 grams/tonne) and silver (18 grams/tonne). There are numerous sulphide showings within the project area as well as the past producer “Skyttgruvan Mine”, which was mined between 1890 and 1908, with a reported production of 33,000 tons zinc and 32,000 tons copper from 275,000 tons of ore. A grab sample collected from the mines dump returned 26.1% zinc, 13.45% lead, 1.79% copper, 489 grams/tonne silver and 0.7 grams/tonne gold.
The Oxberg (2,342.16 hectares) project is located approximately 10 kilometres to the northwest of the Skyttgruvan project. It overlies locally strong metasomatically altered felsic volcanics. The Oxberg project also contains numerous sulphide showings as well as small past producers. Two grab samples were collected from historical small pits/workings. The first grab sample returned values of 5.23% copper, 185 grams/tonne silver, and 0.72 grams/tonne gold and the second returned values of 6.37% copper and 131 grams/tonne silver. The project is adjacent to the north by Boliden AB, Zinifex to the south and Lundin Mining Corp. to the west.
Quality Control/Quality Assurance
The Company’s field activities in Sweden are supervised by Henrik Wik, M.Sc. (Geology and Mineralogy), under the direction of Joan McCorquodale, P.Geo. (BC), a consultant to the Company and a “Qualified Person”, as defined by National Instrument 43-101 (“NI 43-101”) and is responsible for the technical content of this news release. In addition, the Company retained Mr. Sören Byström to provide technical oversight of the geophysical survey. Mr. Byström was formerly in charge of the Airborne Geophysics Department with the Geological Survey of Sweden, and is currently semi-retired, retaining an adviser role to the Geological Survey of Sweden.
About Northern Lion Gold Corp.
Northern Lion Gold Corp. is a Canadian mineral exploration company, listed on the TSX Venture Exchange and the Frankfurt Exchange. The Company is committed to building a strong portfolio of projects within mining-friendly and infrastructure-rich areas of Europe. The Company is well funded to continue to define and explore its existing projects and to acquire and explore new projects.
NORTHERN LION GOLD CORP.
John Lando, President.
For information with respect to the Company or the contents of this news release, please contact John Lando or Don Flahiff at (604) 669-2701, toll free at 1-800-663-0510, or email to [email protected]