NEWS ...
posted on
Jul 29, 2008 09:19AM
High grade Gold & Nickel discovery, Viking & Taylor Brook - Newfoundland
N ORTHERN ABITIBI MINING CORP. S
UITE 500, 926-5TH AVENUE S.W., CALGARY, ALBERTA
, T2P 0N7
PH: 403.233.2636
FAX
: 403.266.2606
NEWS RELEASE
JULY 29, 2008
News Release:
08-10 Trading Symbol: TSX Venture-
NAI
For Further Information Contact:
Shane Ebert or Jean Pierre Jutras at 1.403.233.2636
TRENCHING PROGRAM COMPLETED AT NORTHERN ABITIBI’S VIKING GOLD PROPERTY IN NEWFOUNDLAND Northern Abitibi Mining Corp. (“Northern Abitibi”) is pleased to announce that trenching at the Viking gold property in western Newfoundland is complete. During this program 20 new trenches were excavated and 1.9 kilometers of new access trails were constructed. A total of 243 rock samples were taken and have been delivered to Eastern Analytical in Springdale Newfoundland for analyses. Assay results are expected within three to six weeks. Six of the new trenches remain to be channel sampled and sampling of these trenches will be continuing over the coming weeks. The trenching program has been very successful in identifying zones of alteration and quartz-sulfide veining in bedrock, underlying gold-in-soil anomalies and near to gold-bearing boulders previously found at surface. To date six new zones have been identified, within an area exceeding 2500 meters by 900 meters. Individual alteration zones occur over strike lengths ranging from 100 to 1000 meters, and all of the new zones remain open for expansion along strike. The company is extremely pleased with the results of the trenching program which are demonstrating the potential of the property to host numerous large zones of gold mineralization. The different zones discovered to date display a variety of orientations and structural controls, but contain similar mineralization and alteration styles, suggesting they are all related to a single large mineralized system. Only a small portion of the four kilometer long gold-in-soil anomaly at Viking has been tested by trenching, and based on trenching results to date the company anticipates numerous additional zones of mineralization could be discovered as exploration continues. The results of the 2008 trenching program will be released as soon as assays are received and compiled. Northern Abitibi Northern Abitibi’s technical team of experienced, professional geologists are assembling a portfolio of gold, nickel and other base metal projects from opportunities within Canada, Mexico and the United States. Northern Abitibi can earn a majority interest in the Viking project from Altius Resources Inc. by making staged share and cash payments and funding exploration over a period of 4 years. A description of the Viking project is available on our website (www.naminco.ca). The trenching program was supervised by Dr. Shane Ebert, P.Geo., and Dr. Stephen Rowins, P.Geo. Dr. Shane Ebert is the Qualified Person responsible for the preparation of this news release. “Shane Ebert” Shane Ebert, President/Director The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.